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xxpqxx999

Heeeello. Today I want to show you my analysis USDJPY I expect huge downside move to end of the week. It is great place to go short now Good Luck Traders

xxpqxx999

Hey! Today I present to you my very thorough analysis of the USDJPY currency pair. I expect a strong upward move in the coming days. Good luck Traders.

xxpqxx999

Fed pausers” seemed to have been put back firmly into the cupboard for now as Chair Powell did a Jackson Hole 2. Let’s take a look at some of the details. From the statement: 75bps hike was delivered with a 12-0 vote The statement was pretty much word for word from the previous one apart from this section:

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Cunliffe (Dove). Wed: Will set out terms for selling bonds bought after mini-budget at the right time, monetary policy needs to do what its needs to do. LDI funds can absorb a 200 bps rise in yields, weaker areas particularly in non-bank finance and especially in emerging markets, Dutch central bank looking at what's happening in the UK on LDI. Government power to...

xxpqxx999

Wait for that huge move. I analyse it perfectly. Good luck traders.

xxpqxx999

Hello Today I want to show you my very precise analysis of GBPUSD . Wait and see. Will you snipe it?

xxpqxx999

Hello Today I want to show you my very precise analysis of GBPUSD. Wait and see. Will you snipe it?

xxpqxx999

This morning’s papers are rife with the news that PM Truss will come under even more pressure this week to resign. Her speech on Friday did little to dispel the fact that she truly believes Kwasi and her did very little wrong and it’s those pesky global headwinds that dun it! She certainly didn’t sound like someone who wouldn’t go without a fight.

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So Kwasi no more and its Hunt that we trust in but for how long? The latest out of the weekend papers is that Hunt is also going to delay the plans to reduce the rate of basic income tax by a year in yet another u-turn, but I guess as he wasn’t involved initially, it doesn’t stick in the throat as bad as the previous regime. He is scheduled to make a statement...

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So we come to one of the last staging posts on our journey to confirm or otherwise a further 75bp hike from the Fed. September CPI arrives this afternoon and given the recent prints it will provide some fun and games. Expectations are for Headline monthly to come in at 0.2 with YoY at 8.1% with the Core equivalents at 0.5% and 6.5% respectively.

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The Fed’s Mester banged the drum claiming that there had been “no progress on inflation” and reiterating that there would be no Fed cuts next year. Let’s see.

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Expectations for the headline numberer for a 250k print with a range of expectations between 200-389k on the street. If expectations are correct the print would be the smallest rise in 2 years but putting it into a wider context that would still be an above average print for a monthly NFP headline number in the 5 years leading up to the pandemic.

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We will be playing this temporarily, see my previous analysis to know when to sell GBPUSD!

xxpqxx999 Updated 

The market rally carried on yesterday seeing the US indices rise a further 3% and show their biggest two-day gain since April 20. Soft data and an earlier dovish RBA were the catalysts following on from Monday’s weak ISM which has encouraged markets that the fabled unicorn of a Fed pivot is once again just over the hill ahead. Is it or is this another hate rally...

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New quarter, new realisation, the actual outcome is, a serious financial event is inevitable. We’ve had central bank interventions from the Bank of Japan, Bank of Korea and the Bank of England. The Fed are hiking firmly to get them into restrictive territory. A hard landing is coming. There’s a whiff of bond market dysfunction and a smell of UK pension funds...

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Confusion reigns regarding Kwarteng’s medium term policy statement which was touted early yesterday as being brought forward to this month only to be denied by him later in the day. Supposedly 23 November in Kwasi speak is “shortly” just as last week’s moves in the UK markets were, according to him, a “little turbulence”. Think someone in the Treasury needs to...

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The UK continues to be front and centre of a lot of the market’s attention as Kwarteng’s fiscal package and the landscape of future policy strategies start to slowly unravel. Obviously, yesterday started with the u-turn on the scrapping of the top tier of income tax which, given its cost was only £2bn, was small fry in the overall scheme of things but the u-turn...

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Williams was the highlight yesterday and had some interesting viewpoints. Certainly hawkish when saying that “lower commodity prices and receding supply chain issues will not be enough by themselves to bring inflation back to our 2% objective”. He sees inflation at 3% by the end of next year with unemployment at 4.5% in the same timeline. He did however give a nod...