Directly below, the 20 Day Range MA’s for selected markets, and as you can see,
the range MA’s are quite extended … in terms of FX, they are as high as they can
go without something “breaking” in the monetary system, and I don’t see that
quite yet … meanwhile, over in crypto it’s “crickets” most days, and even the
volatile BTC just isn’t trading very well.
The M.O. for all markets lately has been Monday & Friday DEAD, and Tuesday,
Wednesday, Thursday make some moves … war in Ukraine is being dragged out
cuz POLS & Apparatchiks WANT IT DRAGGED OUT … IT’S ALL ABOUT MONEY,
specifically western aid in terms of weapons systems they [POLS & Apparatchiks]
got their grubby little fingers in through family members, corporate cronies,
offshore shell corporations, secret “no bid” contracts, and then comes the
kickbacks, bribery, influence peddling, & commissions when aid is sent … who
cares if people die? … there’s money to be made … and there is no lack of POL
Hucksters every single fucking day pushing for more weapons aid … not just
Libtard “Chicken Hawks”, but RINO NeoCons who never saw a war they didn’t like
… so the “game” gets played out, negotiations continue like it’s an 8th grade
debate with no consequences whatsoever, more weapons pour in, more people
die, and at the end of the day whenever this “circus shitshow” decides to stop,
rest assured it will only happen when they all have full bank accounts.
Not a lot on tap for economic reports this upcoming week, although Spicoli has a
breakfast gig on Wednesday morning … so unless there’s some unexpected
escalation of the Russia / Ukraine war that specifically drags in NATO / U.S. into
the equation, that war is “old news” for markets … it would provide for a possible
Yen correction rally {USDJPY lower], but in order to have legs it would have to be
severe enough for a possibility of WWIII … given the idiots on boths sides of the
aisle, that’s not something you can just write off!
If not, though, it’s back to the interest rate differential story of the FED raising
rates rather aggressively over the rest of 2022, SO THEY SAY, while the BOJ
does NADA, and the ECB sits & diddles and plays word games between ECB
members and the financial press over economic minutiae … that and what kind of
white wine to serve at EU luncheons fills their days … well, as we’ve seen in
these last weeks, as the world hasn’t ended in a nuclear fireball, the winner cross
by default turns out to be “anything / USDJPY”, and that includes EURJPY … and
from the looks of the strength in the market, the cross has further to go on the
upside, mostly from a lower Yen [rising USDJPY] … we’ll see.
Onto the week … outta here … “The future’s so bright I need sunglasses”!!😎😎
… Onward & Upward!!
-vegas
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