Well now, a well planned pre hit job on FX, sponsored by Dumbberg in
conjunction with the ChiComs … coming right as rates go higher still and it
looked for a second like FX pairs were gonna go off a cliff … but, here come the
central banker scum to save the scumbag banks who do their bidding, with a
perfectly well timed “the PBOC says it informed state banks to intervene in the
Yuan” piece … it’s called “jawboning” through unofficial official channels, and
it’s like intervening, but they don’t actually have to put up any money … it’s just
words, but they catch the market too long USDCNH, and down goes Frazier!
… even the Communists know how to do it!
Not that there’s anything here, cuz it’s mid August and nobody gives a shit, but
the European fiat baskets of shit look & feel comatose … more than halfway
through the day, and EURUSD just got past a 30 PIP range … oh Wow, will
wonders ever cease? … rates still going higher, but “Stock Bellies” in a dead
cat bounce mode, and overall here early, it looks like chop the entire day
… we’ll see.
Welcome to “train wreck” markets, where when Philly FED and then jobless
claims run the market up/down, you know things are truly FUBAR … in a vacuum,
anything / everything gets important, as traders look for any clue, no matter how
inane & meaningless to trade off of while the banker LP scum cleans their
collective clock via fading order flow … “ahhhhh, to be a front running magician!”
… and that was a nice stop hunt to the upside in EURUSD, wasn’t it? … allows
the banks to get out of all the shit they bought hours previously from the
collective spec community when they were selling … understand how this game
is played or you’re doomed!
Whaddaya do when 60% of the day’s range comes in less than 2 seconds? … of
course laughter is the best medicine, but we all know how scumbag bank LP’s
work and what they do on any and all econ data releases, no matter how minor
… clicking off stops and front running are their reasons for existence, and the
only reason they run things is cuz the POLS, Apparatchiks, & regulators get a
piece of the “skim” from front running orders via their ILLEGAL offshore prop
accounts ,,, Hell, in most cases, they don’t even hide it anymore
… “what, me worry?”
Meanwhile, the 10 YR. hugs 4.3%, and it’s extremely tough to find the “oomph”
EURUSD needs to climb anywhere … short covering traps and stops the only
way higher without rates coming down, and rates don’t look to be wanting to
come down … and when the DEPRESSION finally does hit, watch how
“Hoover Dam” fast rates come down and the dollar goes into the toilet, with
USDJPY most likely leading the way … but until then, MOMO is on the bear
side of things.
And once again, right after the London Fix [somebody got “fixed” alright],
commence liftoff for “Operation Short Squeeze”, where some scumbag bank
somewhere caught somebody short and squeezed cashews until they bled
… so even in obvious “be short the market” situations, you got to be extremely
careful about these scam runs by banks to get out of their longs … and the way
they do that is engineer rallies in order to hit off buy stops and fresh buy orders,
and then they sell it to you … there is no other conceivable, reasonable
explanation available to anybody with functioning brain cells when rates refuse
to move … and make no mistake here, rates are the driver of FX in today’s
FUBAR market environment, where one eye is always fixed on the 10 YR. T-Note
yield. or you can drink the propaganda kool-aid that markets are “random walk”
and shit happens … good luck with that!
No trades today in anything … spread got blown out at Coinexx last night in
USDCNH, and that market was FUBAR thanks to the ChiComs from the get go
… EURUSD didn’t do Mr. Jack “Diddly” Squat until New York showed up, cuz of
how interest rates trade … ranges ridiculously tiny, and yea I know it’s August
and FX can be total shit during this time period … but still, when the only driver
is either rates moving up/down and they don’t move, OR you got scumbag bank
LP “Fuckery & Scumbaggery” as the other driver of some wicked short covering
moves that come undone as fast as they’re taken higher, all inside a very tiny
yo-yo “Flying Wedge of Death” [FWD], if you position yourself in anything and it
goes down the shithole, you most likely can’t recover from it cuz there’s no
volatility to speak of … unless you want to sit on something and pray, which I
don’t recommend … the only thing to do is walk away and come back later
… onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
