Today is a nothing burger for data … tomorrow sees BOJ minutes in the Asian
session, Wednesday sees the “data party” in the UK start with inflation & retail
sales data, and Thursday sees the “800 lb. gorilla in the room”, the BOE interest
rate decision … Friday sees PMI stats … this is in addition to the usual Banana
Republic reports in the U.S., as well as Spicoli in front of the Clown College for
testimony … in other words, today is likely to be the ‘calm before the storm”
for Cable / YEN.
STIRS this early AM not doing Mr. Jack “Diddly” Squat, hanging around 4.72% on
the 2 YR T-Note … over in the UK, 2 YR. Gilts vaulting over 5% for the first time in
like forever, which is supporting Cable, although the pair is trading towards the
lower end of its range so far today … YEN as always, the basket case of retarded
kittens on meth, as their rates are frozen by the BOJ manipulators … although,
please note that Japan’s 3,000+ McDonalds announced they are raising prices
nationwide by approximately 6% … that in a nation that’s screaming they can’t
get inflation to reach 2% … something doesn’t add up, natch, but when dealing
with lying governments what do you expect?
Juneteenth? … a federal holiday? … and this means the bond market is closed,
so no wonder STIRS ain’t movin’ … what a bunch of Libtard pandering bullshit
… “Juneteenth” for those wondering, is the Holiday that is to recognize the end
of slavery by Lincoln, some 150+ years ago … too bad it just ain’t so, cuz among
others, Preezy Empty Suit, as well as Cankles Clinton demanded the overthrow
of Libya’s strongman a few years ago, and now there’s more slavery in Libya than
before! … “thanks Chalky, thanks Cankles, just don’t anybody look at the
consequences of these 2 Dipshits that made world slavery worse!” … but hey,
with Libtards it’s NEVER about results, it’s about feelings or something … and in
the end we just got another day where “paper pushers”, who produce nothing,
literally nothing, get another PAID holiday to go do activist shit on the taxpayer
dime … FUBAR Nation run by insane lunatics who live in delusion in fantasy
land … when do we get a “Holiday” to celebrate the end of Libtard stupidity &
idiocy? … oh right, that’s never ending, my bad.
Well, this day is shot to Hell … oh, I’m so sorry I didn’t remember today is
“Juneteenth”, a sop Holiday formed by Biden and other Communists 2 years ago
to PANDER to the BLM and George Floyd crowd … it ain’t about ending “slavery”
… never was! … it’s to remind them, that “down on the plantation” let the
limousine Libtards think, you just vote “D” and STFU … no critical thinking
required, government will solve all your problems … only, they make it far worse.
At least FX, specifically GBPJPY, has found some long liquidation orders … seems
the perfect time given what’s coming later in the week … why not take some
dinero off the table and come back later? … to say Cable / YEN is a little
overextended is an understatement, given its strong run to the upside recently
... Cable is overbought and YEN is oversold … at a minimum, consolidation is in
order … I would remind people, historically the BOE pretty much always
disappoints the market with their interest rate decisions … in a word, they
“underwhelm” … whether they just miss the mark, or it’s a case of “buy the
rumor, sell the fact”, their track record isn’t very good … that makes the odds on
favorite later in the week seeing Cable go down in price some … but, we’ll see.
There is very little here today in Cable / Yen … scumbag banks pushed it down to
a new low by fractions of a PIP, but with everything that matters closed in the U.S.
for this bullshit Holiday, there isn’t any appetite to see it through to where the sell
stops are … some light short covering but that’s it … the “Trading Ratio” [TR] not
exactly setting the world on fire, currently at 3.1, and it’s been as low as 2.7
… hanging by a thread above the crucial 2.7 threshold for trading the pair … about
a 90 PIP range for the day, and the pair came within a few PIPS of putting in a
DOUBLE REVERSAL … all-in-all, volume & liquidity not as good as last week,
but adequate … price really drifting without STIRS input, and IMHO many traders
have backed away and said “sayonara” … “Stock Bellies”? … fugetaboutit!,
come back tomorrow, this trading day is a sick joke.
Only one algorithm buy signal in GBPJPY today … PAMM UP FRACTIONALLY
… “hey, it ain’t my fault it’s a stupid U.S. Holiday!" … for “The Syndicate”, no
trades today cuz “Stock Bellies” are in “Holiday dead mode”, and Bitcoin is
literally stuck in mud, with today’s range so far a very paltry $300 … whoa!, stink
much? … even with the very subdued trading action in Cable / YEN, overnight in
the Asian session was active, and overall the day was better than I thought it
would be given the Holiday … onto tomorrow and much better trading conditions.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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