The “clown show” never stops, and the stark truth is, THEY’RE ALL GRIFTERS!
… quite frankly, if Goebbels were alive today, he’d be cheering & clapping seeing
all of his theories of propaganda working so brilliantly by the globalist Elites … I
mean seriously, I could comment for hours per day given the scope of material
these asshats provide us with everyday. First up, Preezy Idiot Boy going
“off script” and his handlers inside the WH cutting his live press conference feed
mid sentence as he started to ramble … good grief, nobody knows what this
Doofus will say! … second up, he claims his first job offer came from
Boise Cascade, which the company says flatly did not happen … more LIES, but
who cares? … then his Sec State, who looks like the kid in 4th grade who
everybody hated cuz he was the “teacher’s pet”, gets up in front of Congress
via Zoom, and blatantly lies through his teeth … “hey, he thinks, what’s the big
deal? … all POLS & Apparatchiks lie, it’s an American tradition”!
Today sees the recall effort in Kalifornia of the poster boy of “white liberal
privilege”, Gov. Newsom, who’s tried to paint his BLACK opponent Larry Elder,
as a black “white supremacist” … stop & think for a second how utterly fucking
stupid that assertion is on its face, and how utterly stupid & dumb people have
got to be to buy into this, yet his sycophants in the MSM would never think to
“call out” a Libtard under any circumstances, no matter how insane the lie is
… of course Elder will WIN THE RECALL, if it were “fair & honest”, but we all
know the “scumbaggery” involving voter fraud will prevail, and Newsom will
survive … I’d be shocked if it were otherwise, cuz there already are numerous
reports of massive voter fraud, so who’s kidding who if you think Elder can win?
… I’d love to see him win, but you people that live inside the U.S., you live in a
Banana Republic run by Liars, Hypocrites, and morally reprehensible people
that control your lives, and if they have to cheat to win, so be it! … you see, you
just don’t know what’s best for you. As Joe Stalin, murderer thug who Libtards
love, once reportedly said, “it’s not who votes that counts, it’s WHO COUNTS
THE VOTES that matters”!
And the “clown circus” will continue once the CPI figures come out, showing no
doubt 8%+ inflation at the consumer level, and the “spin” starts immediately
from those responsible for it … key talking point you’ll hear about 30 million
times from the “smartest people in the room” during the first 30 minutes after the
release will be “transitory” … right, sure … thanks for the not so brilliant analysis
everyone with one brain cell functioning knows is a COMPLETE LIE … again,
Goebbels is smiling from Hell as the propaganda flows like a tsunami hitting the
beach … “You idiots out there … you gonna believe us, or your lyin’ eyes”?
I guess since the CPI numbers didn’t meet the “whisper” higher inflation rate,
everybody is now claiming “victory” over inflation, and it’s all lower numbers from
here going forward … yea sure, it was a setup to be this way for a slight miss
lower … and so, since the U.S. isn’t Venezuela or Zimbabwe THIS MONTH,
everything is F-ing awesome! … propaganda, propaganda everywhere!
Even though I knew we had CPI numbers coming at 8:30 EST this morning, I got
up shortly after the European open and hit the screens cuz I had to do some FX
non dollar cross analysis while Europe started their day, and into the U.S.
session where we had a significant econ report that affects markets … I needed
to see how the spreads came out of the Asian session and into Europe, whether
or not they improved as the European day progressed, and when exactly did they
start widening as we approached 8:30 EST … and, some interesting details
emerge.
First off, we aren’t getting any kind of “deal” trading EURCAD at Turnkey
… spread stays right around 2 PIPS until about 7 AM, where North American
trading basically starts from the guys that matter at the scumbag banks … and
it doesn’t improve much from there at all, only coming down a few tenths of a
PIP as the U.S. enters the picture … all of the crosses stayed stable until about 5
minutes before the release, and then spreads started to balloon … IT TOOK A
FULL 45 MINUTES AT TURNKEY FOR SPREADS TO RETURN TO NORMAL AFTER
THE CPI, AS MOST PAIRS SAW INCREASES OF ANYWHERE FROM 100% - 200%
HIGHER, EVEN THOUGH THE UNDERLYING NUMERATOR & DENOMINATOR
PAIRS CAME BACK TO NORMAL WITHIN 2 - 3 MINUTES … level of greed much?
What most surprised me, was the “risk premium” put into CAD, but not JPY or
AUD … and the most surprising aspect of this is the fact that GBPAUD, which is
a pretty volatile pair, has a bid / offer spread ONLY a few tenths of a PIP higher
than EURCAD, and with a 20%+ higher 20 Day Range MA, it’s a “no brainer” to
come to the conclusion that it makes no sense to trade EURCAD, pay basically
the same rate, and get significantly less for doing so … and so bottom line, going
forward I’ll be concentrating on EURAUD & GBPAUD, and up & until the thieving
LP’s at Turnkey can get their collective shit together and offer the appropriate
spread in EURCAD, something that could happen but probably won’t, it makes
little sense to trade it … quite frankly, it sets up an interesting matrix for trade
possibilities … 1) if the day sees little movement from both EUR & GBP, but AUD
is active, I’ll trade EURAUD, 2) if Cable & Aud are moving I’ll trade GBPAUD, and
3) if everything is dead in the water, I’ll either leave everything alone or trade
EURAUD … cuz remember, it’s the DENOMINATOR PAIR that makes the cross
pair move the most … don’t believe, then do the math and you’ll see I’m correct!
One thing I will mention, is that once the “London Fix” comes and goes, the
spreads for both EURAUD & GBPAUD will start to creep slightly higher into the
New York afternoon trade … at some point both start to slow down, and when
that happens you got to stop trading them and call it a day, otherwise you get
trapped into chop with a higher spread.
Today unfortunately, in the Asian session AUD got somewhat “monkey
hammered” on RBA news, and as I got up and checked prices across non dollar
crosses, both pairs before the day even began had already eclipsed their
respective 20 Day Range MA’s by 10% - 20%+ … that isn’t a “deal killer” per se,
but it does raise “red flags” you have to beware of and pay attention to … then of
course we had the CPI numbers, which for us, Turnkey being Turnkey and
knowing what their LP’s are like [probably the same everywhere], we had to wait
about 45 minutes before spreads returned to normal … Still, even with the slight
CPI miss, both EUR & GBP didn’t move all that much to the upside … EUR went
up about 30 PIPS before backing off, and Cable up about 40 - 45 PIPS … all things
being equal, it was more of an AUD story, and as AUD rallied slightly, it backed
off right as EUR & Cable started their descent … and it setup a great algorithm
buy signal off the low of the post CPI move lower in both pairs.
Only one algorithm buy signal today in EURAUD … TURNKEY PAMM UP
SLIGHTLY LESS THAN 0.1%
Cuz we had the red flag in terms of already breaching the 20 Day Range MA, my
volume was low and it was a pure scalp … doesn’t matter what happens next,
you just move on to the next trade setup, if and when it comes … post CPI, it
never came back until after the London Fix [which btw was uneventful for the
majors today], and by then spreads had widened slightly and the market was
already slowing down … OK, I can deal with that, so onto tomorrow! … I’ll have
more on GBPAUD in tomorrow’s blog.
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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