Forex Cryptocurrency General Chit Chat Thread 2019

[Mr. Wood]

Better US Markit Numbers Spike the US Dollar: DXY, Gold, USD/JPY
November 24, 2020

On a daily timeframe, the DXY has tried many times to close under the upward sloping trendline (green) dating back to 2011 near 92.20 yet has failed to do it. Today’s price action shows another attempt, but it has failed to do so.

 

[Mr. Wood]

Joe Biden poised to pick Janet Yellen as Treasury secretary

Assuming she is confirmed by the Senate, Ms Yellen will be the first woman to serve as Treasury secretary in the institution’s 231-year-old history. She will take over from Steven Mnuchin, Donald Trump’s Treasury secretary, with the difficult mission of jolting the US recovery with billions of dollars of new stimulus called for by Mr Biden, while keeping financial markets stable.

Those efforts are likely to involve painstaking negotiations with Capitol Hill, given Republican resistance to large-scale spending increases, and a close relationship with Jay Powell, the Fed chairman, particularly since Mr Mnuchin recently moved to wind down several emergency lending facilities at the central bank that have been crucial to its crisis response.

 

[wetdreamx]

Time to SHORT eur/usd

 

[Mr. Wood]

NZDUSD surpasses 70 cents as the uptrend continues
November 25, 2020 5:23 AM

The US Dollar was bearish against all of its major pairs on Tuesday. On the US economic data front, the Conference Board's Consumer Confidence Index fell to 96.1 on month in November (98.0 expected), from a revised 101.4 in October.

NZDUSD broke above our first resistance target as the pair continues its uptrend. On a daily chart, look for the 20-day moving average to act as support. The next major levels to watch on the upside are 0.7065 and 0.7150.

 

[Mr. Wood]

MONDAY, NOV 30
OPEC MEETING
09:00 CN NON-MANUFACTURING PMI (NOV)
09:00 CN NBS MANUFACTURING PMI (NOV)
21:00 DE HARMONIZED INDEX OF CONSUMER PRICES (YOY) (NOV)Preliminary

TUESDAY, DEC 01
11:30 AU RBA INTEREST RATE DECISION
11:30 AU RBA RATE STATEMENT (DEC)
14:45 CH GROSS DOMESTIC PRODUCT S.A. (QOQ) (Q3)
21:30 CA GROSS DOMESTIC PRODUCT ANNUALIZED (QOQ) (Q3)
23:00 US FED'S CHAIR POWELL TESTIFIES testify on the CARES Act before the Committee on Banking, Housing, and Urban Affairs
23:00 US ISM MANUFACTURING PMI (NOV)

WEDNESDAY, DEC 02
08:00 AU RBA'S GOVERNOR LOWE Due to testify before the House of Representatives Standing Committee on Economics, in Canberra
08:30 AU GROSS DOMESTIC PRODUCT (QOQ) (Q3)
15:00 DE RETAIL SALES (YOY) (OCT)
21:15 US ADP EMPLOYMENT CHANGE (NOV)

THURSDAY, DEC 03
08:30 AU TRADE BALANCE (MOM) (OCT)
23:00 US ISM SERVICES PMI (NOV)

FRIDAY, DEC 04
08:30 AU RETAIL SALES S.A. (MOM) (OCT)

 

[5408854088]

Dr Wealth: Bitcoin dropped 10% yesterday. This is Alvin's view take on Bitcoin's 2020 run and why its legit this time round.

https://www.facebook.com/drwealth.sg/videos/vb.1422507041310825/203550597883372/?type=3&theater

 

[wetdreamx]

Will EUR/USD across 1.2 ?

 

[MrSinkie95]

Looks like btc will break 20 once US open

 

[Mr. Wood]

EURUSD Breakout
December 2, 2020 5:36 AM

Tuesday's largest gainer was the EURUSD which rallied 146 pips. From a technical perspective, the pair broke above a consolidation in place since July. As long as 1.20 acts as support, look for a continuation of the uptrend towards our next target resistance level of 1.2265 and 1.2415 in extension. A break below 1.20 could pressure the pair back into a consolidation.

 

[wetdreamx]

Possible. Have to be abit cautious also as USD very oversold against G7 FX if you follow it closely la.

Good game liao

 

[Mr. Wood]

MONDAY, DEC 07
06:05 AU RBA'S GOVERNOR LOWE Due to deliver a speech titled "Innovation and Regulation in the Australian Payments System" at a webinar hosted by the Australian Payments Network.

TUESDAY, DEC 08
07:50 JP GROSS DOMESTIC PRODUCT (QOQ)
18:00 EMU GROSS DOMESTIC PRODUCT S.A. (YOY) (Q3)
18:00 EMU GROSS DOMESTIC PRODUCT S.A. (QOQ) (Q3)

THURSDAY, DEC 10
24h EMU EUROPEAN COUNCIL MEETING
20:45 EMU ECB DEPOSIT RATE DECISION
20:45 EMU ECB INTEREST RATE DECISION
21:30 US CONSUMER PRICE INDEX EX FOOD & ENERGY (YOY) (NOV)
21:30 US CONSUMER PRICE INDEX EX FOOD & ENERGY (MOM) (NOV)
21:30 EMU ECB MONETARY POLICY STATEMENT AND PRESS CONFERENCE

FRIDAY, DEC 11
24h EMU EUROPEAN COUNCIL MEETING

 

[Mr. Wood]

eur/usd
weekly broke out

daily

 

[Mr. Wood]

usd/sgd
weekly

daily

usd/sgd at multi year low good time to fund US accnt.
but cannot go US holiday
fxxk humji lee
fxxk winnie xi

 

[DevilPlate]

I am concern about SGD being so expensive relatively.

 

[Mr. Wood]

I am concern about SGD being so expensive relatively.

yes, will hurt exports.

 

[5408854088]

usd/sgd
weekly

daily

usd/sgd at multi year low good time to fund US accnt.
but cannot go US holiday
fxxk humji lee
fxxk winnie xi

good stuff

 

[5408854088]

Smart Thought Of The Week: Greenback
https://thesmartinvestor.com.sg/smart-thought-of-the-week-greenback/

 

[Mr. Wood]

Smart Thought Of The Week: Greenback
https://thesmartinvestor.com.sg/smart-thought-of-the-week-greenback/

There are a few reasons why the greenback could slip against a basket of currencies. Firstly, America imports more than it exports. Hence, the massive trade deficit that the US reports every month is unlikely to change anytime soon.

American consumers have a massive appetite for those cheaper made-in-Asia goods. These items are paid for in US dollars, which swells the global marketplace with pools of greenback that in turn could depress the currency.

4yrs unker DT still cannot reduce deficit?

 

[Mr. Wood]

MONDAY, DEC 14
07:50 JP TANKAN LARGE MANUFACTURING INDEX (Q4)

TUESDAY, DEC 15
08:30 AU RBA MEETING MINUTES
10:00 CN RETAIL SALES (YOY) (NOV)
15:00 UK ILO UNEMPLOYMENT RATE (3M) (OCT)
15:00 UK CLAIMANT COUNT CHANGE (NOV)

WEDNESDAY, DEC 16
15:00 UK CONSUMER PRICE INDEX (YOY) (NOV)
16:30 DE MARKIT MANUFACTURING PMI (DEC)Preliminary
16:30 DE MARKIT PMI COMPOSITE (DEC)Preliminary
17:00 EMU MARKIT PMI COMPOSITE (DEC)Preliminary
17:30 UK MARKIT SERVICES PMI (DEC)Preliminarr
21:30 US RETAIL SALES (MOM) (NOV)
21:30 US RETAIL SALES CONTROL GROUP (NOV)

THURSDAY, DEC 17
03:00 US FOMC ECONOMIC PROJECTIONS
03:00 US FED'S MONETARY POLICY STATEMENT
03:00 US FED INTEREST RATE DECISION
03:30 US FOMC PRESS CONFERENCE
06:45 NZ GROSS DOMESTIC PRODUCT (QOQ) (Q3)
06:45 NZ GROSS DOMESTIC PRODUCT (YOY) (Q3)
08:30 AU EMPLOYMENT CHANGE S.A. (NOV)
08:30 AU UNEMPLOYMENT RATE S.A. (NOV)
16:30 CH SNB MONETARY POLICY ASSESSMENT
17:00 CH SNB PRESS CONFERENCE
20:00 UK BOE ASSET PURCHASE FACILITY
20:00 UK BOE INTEREST RATE DECISION
20:00 UK BANK OF ENGLAND MINUTES
20:00 UK BOE MPC VOTE HIKE
20:00 UK BOE MPC VOTE UNCHANGED
20:00 UK BOE MPC VOTE CUT

FRIDAY, DEC 18
11:00 JP BOJ MONETARY POLICY STATEMENT
11:00 JP BOJ INTEREST RATE DECISION
14:00 JP BOJ PRESS CONFERENCE

 

[revhappy]

I am concern about SGD being so expensive relatively.

I expect SGD bond yields to become negative. WTH, both Portugal and spain 10yr are trading at 0%