Ever since the EURCHF debacle in January 2015, FX volatility has collapsed and
central banks have made sure of one thing … that nothing, meaning no major
currency pair, is gonna be allowed to go very far up/down versus others, cuz
they’re all in the same boat of CNTRL-P QE FOREVER … cuz if you let a major
currency get too far out of line, it’ll attract capital at the expense of others and
cause problems … that means they all will just follow the FED … meanwhile the
scumbag banks can chop markets to pieces, dissecting order flow to fade specs
& institutions alike non stop, and nothing really ever changes when it most
definitely should! … and everybody that’s supposed to make money does … and
the specs & institutions left holding the bag pay the bills.
This last week exposed the nonsense of the central banks, the BOE not wanting
to upset the applecart and jump ahead of the FED, and not wanting a stronger
Pound in any sense … cuz the dirty little secret out there is, nobody wants a
strong currency, they all want their currencies to go to ZERO versus the dollar cuz
they think it will help exports … and so, in their corrupt minds eye, they can’t lose
by pursuing insane monetary policies that make no sense, i.e., CNTRL-P and the
machine goes “Brrrrrrrrrrrr” at an ever faster clip! … only thing is, crypto pairs
know and the appreciation of crypto versus anything fiat will continue … forget
what these Assclowns say, look to what they do … and the BOE is perfectly happy
to betray traders to remain in good standing within the club … and that’s gonna
increase VIX, which I welcome … about time.
Directly below, the 20 Day Range MA’s of selected markets.
A slight pickup in Cable VIX for the week, thanks to the BOE, and over in crypto
DOT continues to go gangbusters … looking forward to this week’s Cable/Yen
trade, which should be good for us.
Onto the week at hand … outta here … “the future looks so bright, I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
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