This has been going on forever … another made up “jobs” report, where the math
whiz kids quadruple adjust numbers, make up from thin air things like corporate
formations, and then release numbers only the scumbag banks will profit from
during the first 10 - 15 minutes … every month we see this bullshit, and quite
frankly this is the worst trading day of any month … we waited all week for this
horseshit?
Yours truly on Wednesday & Thursday, was suffering from stomach flu … worst
I’ve ever had … talk about gettin’ laid low, this was it … I feel much better today
after a 12 hour sleep.
Trading action this entire week in USDJPY has been utterly abysmal, and it wasn’t
any great shakes the week before either … quite frankly if you can’t rally today
with rates vaulting above 3% again, when can you rally? … which brings me to
the conclusion, I think the “fix” is in when it comes to USDJPY, and I’d be
surprised if there’s much left … the trading action we are used to seeing is GONE!
… and no matter how many times the Apparatchiks at the ECB want to talk rate
hikes [about 10 times per day], nobody is listening … the Mrs. & “Miss Gimpy” are
trading EURUSD and like it … Cable seems like a tortured mess, plus the spread is
high … EURUSD is seeing much better “purer” moves on the 15s candlestick than
USDJPY, and quite a few more of them to boot, with a “Trading Ratio” [TR]
consistently above 8+ … do all the analysis you want, it doesn’t get much better
than that … come Sunday night, I’ll be trading EURUSD …”it’s simple … if you
ain’t gonna move, and instead just “sit there” and go “chop city” on us,
then adios”!
Since pretty much ALL NFP Friday’s are a big bag of flaming cow poo, I spent most
of the post NFP time watching and analyzing EURUSD … no surprises, just a good
market with decent VIX that’s moving … and with all of the problems the E.U. has
with 1) fragmentation of bond yields with the [PIGS], 2) the continued energy
fallout with Russia, and 3) slowing economies, I don’t foresee slowing VIX for
EURUSD … and that’s great news for us.
Blog update on Sunday … outta here … “The future’s so bright I need 2 pairs of
sunglasses 😎😎, and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment