A friend of mine passes along this thought- Improvements in inflation are largely due to drops in energy. Those are most likely based and done at current levels. Peak in rates was never restrictive enough to slow things down (my thought on that is higher rates only matter in rate sensitive sectors so largely benign. But speaking of rate sensitive sectors watch out for commercial real estate). Going forward watch for rates to retest the highs of last year (his thoughts again- He-s uber bearish bonds), stocks have probably seen their highs at these levels for the next 3-6 months especially with big tech earnings behind now. Fx he didn’t have much conviction other than it’s hard to be bearish the usd against this backdrop. He thinks no rate cuts from the Fed this year. fwiw….
fwiw
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jerome appears to have forgotten something at his earlier press conference
as a result he has a time-slot reserved on upcoming Sunday eve’s CBS’ “60 Minutes”
as per my previous post about MAs and trading …
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EURO 1.0805 as I type ( LoD 1.791-ish)
puppy’s bull enthusiasts got their nuts stretched if not outright ripped on (as Frank asks) good that FED is data dependent – i.e. what would you like the number to be sir – now Res at 100ma to regain a minimum of bullishness
I am also data dependent: yield and dlr.
as I pointed earlier one was wrong.
now things are a bit broght back into respect – as it should be.
So ADP on Wednesday misses by a third to the downside. Friday NFP misses by about 100% to the upside. ADP, the private sector number headline weak. NFP breakdown shows no growth in government, no growth in manufacturing, and everything coming from private…. Good thing the Fed has gone data dependent, right?
EURUSD
If 1.08800 holds , it will target 1.09800 – that target gets lower with the time…so everything between 1.09500 and 800
Looks as the pressure is building to the upper side…For real Up move, I would prefer some consolidation phase or good retracement, but it is what it is…
Global-view.com is once again Rockin’ all over the worldhttps://youtu.be/eEO6v-YiS00?si=9BhVTQkoEs7zH3lX
We’ll all remember the good old days for as long as we exist , but we’ll be moving forward…just like sharks…once they stop – they die. Welcome one and all and feel like at home . Ask any question and you’ll be answered.
We are all together here to navigate the murky waters of global markets and in particular those of the Forex .
Monedge , I am trying to be of help…there are so many good gadgets here that people have to try…back in time it was a big struggle finding one of these for free, not to mention to have a place where anyone can easily navigate and find what they’re looking for. I hope all the small hiccups will be dealt with this week, so we can go back to byz as usual…I would love if you gonna join me in Trading Pit so we can share some trading tips and signals.
Bobby, if I may, you are so helpful. After years of using gadgets, Monedge learned how to trade in motion with the market. Bruce Lee said … “don’t think, feeeel” lol. It is ok to become one with the markets but it requires courage !
