Maybe the FX markets are in mourning or maybe confused on how they should
actually work … “you see, a JPM FX trader was sentenced to jail the other day
over FX price rigging & fixing, and his lawyer argued that “everybody does it”
… and now bank desks may be a bit confused” … poor dears, how will anybody
ever get along without JPM manipulation of FX & gold? … “Hey, if we don’t
manipulate this crap, and front run it, how’s it supposed to operate smoothly?”
Another pathetic Friday … I had hoped for some movement … right, good luck
with that … quad-witch Friday comes & goes, and now that the European session
has closed, what propels any of this to greater stupidity on a Friday afternoon?
… “whoops!, I spoke too soon cuz here comes utterly corrupt POL Pelosi throwing
cold water on stocks with some comments on further stimulus … down go stocks,
and the U.S. dollar rallies … 7 minutes of fun that sees longs get crucified cuz of
another POL … well, that’s all “markets” are anymore, simply reactions to idiotic
POLS & Apparatchiks, and if nothing is there, markets drift aimlessly until another
one of ‘em opens their PIE HOLE … can this get any more FUBAR? … and of
course, now that they’ve blistered the longs on Pelosi’s venom, Cable/Yen is right
back to where it was before she spoke to the talking heads … right, honest
markets … sure … keep telling yourself that … what a joke.
One algorithm trade signal today in GBPJPY … TURNKEY PAMM / MAM UP
SLIGHTLY.
How the algorithm sneaked that signal in is a mystery to me … there’s no point in
attempting to analyze anything cuz there’s nothing to analyze … “a little song, a
little dance, a little seltzer down your pants”! … there’s your analysis.
Can’t take another minute of this crap … outta here … blog update on Sunday
… until then … Onward & Upward!!
-vegas
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