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[Mtl JP]

EU countries agree on new debt rules after Franco-German quarrel

Negotiators from the European Parliament and European Union member states have agreed on reforms to the bloc’s debt rules after long negotiations.

Belgian Finance Minister Vincent Van Peteghem said that the new rules “will safeguard balanced and sustainable public finances, strengthen the focus on structural reforms, and foster investments, growth and job creation throughout the EU.”

[GVI Forex 2]

US Dollar Index 4 hour chart

Double top/double bottom but closed closer to the low.

Note EURUSD is 57.6% of the index and why the pair is seen as reflecting USD sentiment.

 

[Belgrade Bobby]

We wish You a Happy Lunar New Year ! Take the time out of your day to be with your family and other loved ones.
We also wish lots of lucky trading for you this holiday season.

[Mtl JP]

typically the domain of lawyers
–
“CNBC
El-Erian, Krugman and other economists have very different opinions on China’s struggling economy”

except that lawyers stake their income prospects on very different opinions unlike economists who are mostly salary(wo)men

[Rafe]

https://www.youtube.com/shorts/

3nmRoDXP25A

a little trading humor sometimes does a lot of good… LOL

[Rafe]

feeling thirsty… gonna shatter my own older trading records last being 1000 pips on BN open and 418 pips on Nifty open… hope markets appreciate I’m improving and surpassing on my own records…

[Rafe]

…fwiw… I called Nifty 21785.28 a few weeks ago, and it closed today (friday) just 3.5 pips away from it.

…options boys having a field day on/around that level (21785.00)

[Rafe]

Shorting is easy and perfectly legal don’t know why the regulators don’t like it as it makes markets to remain healthy.

Just put cash up front and and use 1% of that money while the broker provides you with 99% of the balance money to go short, your funds are blocked until the transaction is settled, he helps you to make some money by your offering to the bids from his inventory, and then he offers the balance of his inventory to the rest of the bids.

[Rafe]

JP// February 5, 2024 at 4:34 pm #1242

https://www.cnbc.com/2024/02/05/op-ed-embrace-community-over-consumerism-for-a-more-satisfying-life.html

I did mention the co-OP model is better and will save the USA… Corporate models are not the way. Think OWO vs NWO.

[GVI Forex 2]

EURUSD range this week 72 pips (0.67..%)

Usdjpy 194 pips (1.3%)

USDCHF 104 (1.2%)

[Mtl JP]

what if … over the week-end:

Twenty-fifth Amendment to the United States Constitution (wikipedia)
Section 3: President’s declaration of inability
Section 3. Whenever the President transmits to the President pro tempore of the Senate and the Speaker of the House of Representatives his written declaration that he is unable to discharge the powers and duties of his office, and until he transmits to them a written declaration to the contrary, such powers and duties shall be discharged by the Vice President as Acting President.

Section 4: Declaration by vice president and cabinet members of president’s inability
Section 4. Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.

Rachel Maddow suggests Joe Biden isn’t too old to be president because ‘he rides a bike’ – NY Post

[GVI Forex 2]

Fed is not the only CB in town

UK gilt yields up sharply

[GVI Forex 2]

EURUSD double top

US yields back up (10-year 4.189%

%

 

 

[GVI Forex 2]

Some good volatility after CPI revisions but it looks more like a nothing burger as far as impacting Fed policy goes.

[Mtl JP]

EURO 1.0786, 10yr 4.148

Res 1.0790/00
Supp 1.0750/40

09:15 – cipollone yaks

[GVI Forex 2]

Alert

COI revision, CDA jobs due in 9 minutes

[Mtl JP]

DLRx 104.10
slight bid – against majors

on the longer term DLR’s trajectory uP is – in my optique – wishi-washi-iffy
probably needs yield to rally (n of 4.20/25) and / or some new hot econ data.

8:30 – CPI revision
*******************
US CPI next week

13:30 – logan flaps her gums

[Mtl JP]

I wish to tighten up the credit to that astute principle I quoted:

it belongs to Fed Governor Waller

[Mtl JP]

Jay 9:26 and just as “good monetary policy is based on data and not on hope” (ref link)

so is good trading tactic

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan
Having briefly cracked the 5,000 point milestone for the first time on Thursday, Wall Street’s S&P500 (.SPX), opens new tab looks set to hold the line and sustain near 5% gains for the year so far – while a thin Friday

Morning Bid: Record Wall St holds, inflation revision eyed

[Author]

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