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💵 The U.S. dollar Remains at the Mercy of SPX Speculation 💵Something pretty interesting happened when the DXY ( U.S. dollar index ) is inverted, and split chart next to the US500, a derivative of the SPX500 that trades within the construct of the OTCC markets and is a good 24/5 proxy. This being said, all of us in the FX market-- rather we like it or not-- are at the mercy of the SPX . The SPX is the most highly speculative instrument in the world. Speaking as someone who was complaining about the 12 year low ATR's the Euro was compressed to this time last year (July of 2018), I welcome the ability to trade speculation, at least there's some volatility we can get a bite at. Can we can make more informed trading decisions for the U.K. and U.S. sessions as forex traders by paying attention to the equity market; or is it the other way around? Just a theory.. should Trump resign--in a manner of 'dropping the mic-- with national polls suggesting Biden have over 10% leads in many very critical states for the entire Republican game plan. Now, if Pence takes over to fight Biden , I could care less to speculate; I will be here trading and making money regardless of who's president. What if..the market has been pumped by Pump and friends (Kulow, Mnchin, Powell), --and he essentially dumps.. that would make this just another pump and dump?
CAPITALCOM:US500Short
by TayFx
16
Timeline since November 2017 when Trump gets electedThis is not meant to offend anyone, this is just my satirical view of what has happened since Trump took office. November 2017- Oh crap Trumps going to win, the economy will tank!!! SELL EVERYTHING! January 2017- Trump takes office, SP500 around 1800. CHUMP CHANGE FAKE NEWS. MAGA February 2017- Tax breaks begin, let's do this!!! To the MOOOONNNN!!!!! December 2018- Federal Reserve gets greedy, they want in on the action. Wall Street says no, not today Junior. January 2019- Market rebound begins again- MAGA! November 2019- What is COVID 19? CHINNNNAAAA- FAKE NEWS! February 2020- THATS COVID 19????? UH-OH BRACE FOR IMPACT March 2020- This doesn't affect us that much- FAKE NEWS!!! May 2020- COVID doesn't exist, its all hyped up by the Media. June 2020- Maybe we should have stayed home? Nah... THAT'S WHAT THEY WANT US TO THINK- Mind control Summer 2020- Let's have a cookout and pretend everything is normal. September 2020- Schools open, business returns to work. That was a fun vacation. November 2020- Everyone is sick, no one can vote. Trump continues on as president. January 2021- Toilet paper worth more than USD. People use US dollars as toilet paper. July 2022- BTC, ETH, and XTZ are now viewed the same was as JPM, Morgan Stanley, and Goldman Sachs.
SP:SPX
by JaySwingFx
EURUSD: Still Bearish for Next Week hey guys, though my last trading setup on EURUSD was stopped out, I still believe that the underlined 4H structure resistance will hold. on Friday the price has attempted to break above that but was immediately rejected by a bearish engulfing candle. taking into consideration that the pair is locally bearish since 10th of June, chances are high that at least the current local low will be reached next week. goal for sellers is 1.118 if only bulls break above the yellow resistance we can talk about a shift in our bias.
Short
by VasilyTrader
3
EURUSD: Still Bearish for Next Week hey guys, though my last trading setup on EURUSD was stopped out, I still believe that the underlined 4H structure resistance will hold. on Friday the price has attempted to break above that but was immediately rejected by a bearish engulfing candle. taking into consideration that the pair is locally bearish since 10th of June, chances are high that at least the current local low will be reached next week. goal for sellers is 1.118 if only bulls break above the yellow resistance we can talk about a shift in our bias. have a great weekend!
Short
by VasilyTrader
14