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Monday, June 19, 2023

A BIG DATA WEEK FOR GBPJPY

 

“Of course I heard you! … it started with “you screwed up”! … again!!”

Today is a nothing burger for data … tomorrow sees BOJ minutes in the Asian

session, Wednesday sees the “data party” in the UK start with inflation & retail

sales data, and Thursday sees the “800 lb. gorilla in the room”, the BOE interest

rate decision … Friday sees PMI stats … this is in addition to the usual Banana

Republic reports in the U.S., as well as Spicoli in front of the Clown College for

testimony … in other words, today is likely to be the ‘calm before the storm”

for Cable / YEN.


STIRS this early AM not doing Mr. Jack “Diddly” Squat, hanging around 4.72% on

the 2 YR T-Note … over in the UK, 2 YR. Gilts vaulting over 5% for the first time in

like forever, which is supporting Cable, although the pair is trading towards the

lower end of its range so far today … YEN as always, the basket case of retarded 

kittens on meth, as their rates are frozen by the BOJ manipulators … although,

please note that Japan’s 3,000+ McDonalds announced they are raising prices

nationwide by approximately 6% … that in a nation that’s screaming they can’t

get inflation to reach 2% … something doesn’t add up, natch, but when dealing

with lying governments what do you expect?


Juneteenth? … a federal holiday? … and this means the bond market is closed,

so no wonder STIRS ain’t movin’ … what a bunch of Libtard pandering bullshit

… “Juneteenth” for those wondering, is the Holiday that is to recognize the end

of slavery by Lincoln, some 150+ years ago … too bad it just ain’t so, cuz among

others, Preezy Empty Suit, as well as Cankles Clinton demanded the overthrow

of Libya’s strongman a few years ago, and now there’s more slavery in Libya than

before! … “thanks Chalky, thanks Cankles, just don’t anybody look at the

consequences of these 2 Dipshits that made world slavery worse!” … but hey,

with Libtards it’s NEVER about results, it’s about feelings or something … and in

the end we just got another day where “paper pushers”, who produce nothing,

literally nothing, get another PAID holiday to go do activist shit on the taxpayer

dime … FUBAR Nation run by insane lunatics who live in delusion in fantasy

land … when do we get a “Holiday” to celebrate the end of Libtard stupidity &

idiocy? … oh right, that’s never ending, my bad.


Well, this day is shot to Hell … oh, I’m so sorry I didn’t remember today is

“Juneteenth”, a sop Holiday formed by Biden and other Communists 2 years ago

to PANDER to the BLM and George Floyd crowd … it ain’t about ending “slavery”

… never was! … it’s to remind them, that “down on the plantation” let the

limousine Libtards think, you just vote “D” and STFU … no critical thinking

required, government will solve all your problems … only, they make it far worse.


At least FX, specifically GBPJPY, has found some long liquidation orders … seems

the perfect time given what’s coming later in the week … why not take some

dinero off the table and come back later? … to say Cable / YEN is a little

overextended is an understatement, given its strong run to the upside recently

... Cable is overbought and YEN is oversold … at a minimum, consolidation is in

order … I would remind people, historically the BOE pretty much always

disappoints the market with their interest rate decisions … in a word, they

“underwhelm” … whether they just miss the mark, or it’s a case of “buy the

rumor, sell the fact”, their track record isn’t very good … that makes the odds on

favorite later in the week seeing Cable go down in price some … but, we’ll see.


There is very little here today in Cable / Yen … scumbag banks pushed it down to

a new low by fractions of a PIP, but with everything that matters closed in the U.S.

for this bullshit Holiday, there isn’t any appetite to see it through to where the sell

stops are … some light short covering but that’s it … the “Trading Ratio” [TR] not

exactly setting the world on fire, currently at 3.1, and it’s been as low as 2.7

… hanging by a thread above the crucial 2.7 threshold for trading the pair … about

a 90 PIP range for the day, and the pair came within a few PIPS of putting in a

DOUBLE REVERSAL … all-in-all, volume & liquidity not as good as last week,

but adequate … price really drifting without STIRS input, and IMHO many traders

have backed away and said “sayonara” … “Stock Bellies”? … fugetaboutit!,

come back tomorrow, this trading day is a sick joke.


Only one algorithm buy signal in GBPJPY today … PAMM UP FRACTIONALLY

… “hey, it ain’t my fault it’s a stupid U.S. Holiday!" … for “The Syndicate”, no

trades today cuz “Stock Bellies” are in “Holiday dead mode”, and Bitcoin is

literally stuck in mud, with today’s range so far a very paltry $300 … whoa!, stink

much?   … even with the very subdued trading action in Cable / YEN, overnight in

the Asian session was active, and overall the day was better than I thought it

would be given the Holiday … onto tomorrow and much better trading conditions.


… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!! 


-vegas



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