Forex Cryptocurrency General Chit Chat Thread 2019

[Mr. Wood]

Central banks around the world want to get into digital currencies—here’s why
MAR 6 2021

China has been in the lead in developing its own digital currency. It’s been working on the initiative since 2014. Chinese central bank officials have already conducted massive trials in major cities including Shenzhen, Chengdu and Hangzhou.

Advocates contend central bank digital currencies can make cross-border transactions easier, promote financial inclusion and provide payment system stability. There are also privacy and surveillance risks with government-issued digital currencies. And in times of economic uncertainty, people may be more likely to pull their funds from commercial banks, accelerating a bank run

if there is any country who will ban bitcoin and crypto, it is china.

 

[Mr. Wood]

Asian Open: NFP buoys sentiment, the dollar hits new highs
March 8, 2021 6:09 AM

USD/CNH: Stand back to admire the view
Price action on the monthly chart of USD/CNH warrants a look, as it suggests we could be at a significant turning point. Whilst the monthly chart is too high a timeframe for most to participate in, it can help provide a directional bias over the coming month/s before a bullish trend gets underway.

Bulls could seek long entries with a break above Friday’s high, or wait to see if 0.6515 is respected as support, for a conservative entry.
Initial target is the 6.6100 – 6.6277 resistance zone.
A break beneath 6.4000 invalidates the turning point thesis. Whilst a dip back within the range would place it on the backburner temporarily.

 

[Mr. Wood]

US Auctions will be closely monitored this week!
March 9, 2021 6:18 AM

This week, the US Treasury will be auctioning off the following:

Tuesday: 3-year notes
Wednesday: 10-year notes
Thursday: 30-year bonds
In addition, the Treasury will also be issuing a few short-term duration bills (less than 1 year). There is also a good deal of corporate bond supply this week.

Recall on February 25th when the Treasury auctioned 7-year notes. It did not go well. As a result, bond prices moved lower (on less demand) and yields moved higher (yields move inversely to bond prices):

Market Reaction: With the weak 7-year auction on February 25th, the markets sold bonds, sold stocks, and bought US Dollars ( as yields went higher). Traders could expect a similar reaction this week if they auctions are poor. Therefore, US Dollar counter currencies should move lower verse the US Dollar if results are poor.

 

[Mr. Wood]

Gold gets up and dusts itself off
March 10, 2021 5:49 AM

after the precious metal was beaten down to the bottom trendline of the downward sloping channel which began in August 2020, Gold was able to bounce nearly 2%, back above 1700, to near 1715. Notice that the bottom channel line confluences with the 61.8% Fibonacci retracement from the March 16th pandemic lows to the post-pandemic highs of August 7th, near 1692.2. In addition, the RSI was in oversold territory, which was another reason to expect the bounce.

 

[Mr. Wood]

Mon Mar 15
7:15am AUD RBA Gov Lowe Speaks at Melbourne Business School’s online conference
10:00am CNY Industrial Production y/y

Tue Mar 16
8:30pm USD Core Retail Sales m/m
USD Retail Sales m/m

Wed Mar 17
6:00pm EUR CPI y/y
8:30pm CAD CPI m/m

Thu Mar 18
2:00am USD FOMC Economic Projections
USD FOMC Statement
2:30am USD FOMC Press Conference
5:45am NZD GDP q/q
8:30am AUD Employment Change
AUD Unemployment Rate
8:00pm GBP MPC Official Bank Rate Votes
GBP Monetary Policy Summary
GBP Official Bank Rate

Fri Mar 19
8:30pm CAD Core Retail Sales m/m

 

[Mr. Wood]

Mon Mar 22
9:00am CNY PBoC Loan Prime Rate
9:00pm USD Fed Chair Powell participate in a virtual panel discussion about central bank innovation at an online event hosted by the Bank for International Settlements


Tue Mar 23
10:00pm USD Fed Chair Powell Testifies along with Treasury Secretary Janet Yellen, on the quarterly CARES Act report before the House Financial Services Committee

Wed Mar 24
3:00pm GBP CPI (YoY)
4:15pm EUR French Flash Services PMI
4:30pm EUR German Flash Manufacturing PMI
EUR German Flash Services PMI
10:00pm USD Fed Chair Powell Testifies along with Treasury Secretary Janet Yellen, on the quarterly CARES Act report before the Senate Banking Committee

Thu Mar 25
4:30pm CHF SNB Monetary Policy Assessment
5:30pm CAD BOC Gov Macklem,
ECB President Lagarde and
GBP BOE Gov Bailey participate in a virtual panel discussion about central bank innovation at an online event hosted by the Bank for International Settlements

EUR EU Economic Summit Day 1 - due to discuss the response to the COVID-19 pandemic, the Single Market, industrial policy, digital transformation and the economy, the situation in the Eastern Mediterranean, and relations with Russia

Fri Mar 26
All Day EUR Euro Summit - due to discuss how to strengthen the international role of the euro
EUR EU Economic Summit Day 2

 

[Mr. Wood]

The US Fed Chairman and has to testify his policies, make decisions that affect the whole world and gets a salary of $201700 per annum. he oso cannot be an officer or director of any bank, banking institution, trust company, or Federal Reserve bank or hold stock in any bank, banking institution, or trust company.
https://en.wikipedia.org/wiki/Chair_of_the_Federal_Reserve

meanwhile in sinkiepoor, yall hab parttimers who get $660k to show face, cutting ribbons, carry babies, take photos all brainless no sweat tasks. ownself take big money but refuse minimum salary to ordinary workers and old ppl hav to jian cardboard for exercise.

 

[Mr. Wood]

Mon Apr 5
Easter Holiday

Tue Apr 6
12:30pm AUD RBA Rate Statement

Wed Apr 7
10:30pm USD Crude Oil Inventories

Thu Apr 8
2:00am USD FOMC Meeting Minutes

Fri Apr 9
12:00am USD Fed Chair Powell Speaks in a panel discussion about the global economy at a virtual International Monetary Fund Seminar
8:30pm USD PPI (MoM) (Mar)
CAD Employment Change
Unemployment Rate

 

[Mr. Wood]

Currency Pair of the Week: AUD/USD
April 5, 2021 8:43 PM

As with most central banks, the RBA is focusing on employment over inflation.

the US Federal Reserve is turning their attention almost entirely towards maximizing employment. Last week, the US released its Non-Farm Payroll report which showed the US added 916,000 jobs to the economy in March vs a consensus of 650,000.

meanwhile miw use taxpayers money to keep CEOs and directors rich but refuse to say anything about retrenchments.
****rs,

 

[Mr. Wood]

Mon Apr 12	7:00am	USD	Fed Chair Powell to discuss the economy in an interview conducted by 60 Minutes
	10:30pm	CAD	BOC Business Outlook Survey
Tue Apr 13	2:00pm	GBP	GDP
	4:30pm	GBP	Manufacturing Production (MoM)
	8:30pm	USD	CPI m/m
		USD	Core CPI m/m
Wed Apr 14	10:00am	NZD	RBNZ Rate Statement
	10:30pm	USD	Crude Oil Inventories
Thu Apr 15	12:00am	USD	Fed Chair Powell Speaks at the Economic Club of Washington, via satellite
	9:30am	AUD	Employment Change
		AUD	Unemployment Rate
	8:30pm	USD	Core Retail Sales m/m
		USD	Retail Sales m/m
Fri Apr 16	10:00am	CNY	GDP q/y
	5:00pm	EUR	CPI (YoY)
	8:30pm	USD	Building Permits (Mar)

 

[Mr. Wood]

short target 100pips.

 

[Mr. Wood]

Mon Apr 19
Tue Apr 20
	9:30am	AUD	RBA Meeting Minutes
Wed Apr 21	6:45am	NZD	CPI q/q
	9:30am	AUD	Retail Sales m/m
	2:00pm	GBP	CPI y/y
	10:00pm	CAD	BOC Monetary Policy Report
		CAD	BOC Rate Statement
	11:00pm	CAD	BOC Press Conference
Thu Apr 22	7:45pm	EUR	Monetary Policy Statement
	8:30pm	EUR	ECB Press Conference
	8:30pm	USD	Initial Jobless Claims
Fri Apr 23	3:15pm	EUR	French Flash Services PMI
	3:30pm	EUR	German Flash Manufacturing PMI
		EUR	German Flash Services PMI

 

[Mr. Wood]

short target 100pips.

din trigger.

 

[singqian]

din trigger.

what coins?

 

[Mr. Wood]

what coins?

USD/CAD canadian dollar

 

[singqian]

every coins dip now... can buy

 

[lanzhu60]

anyone using samtrade fx ?

 

[Mr. Wood]

Turkey bans cryptocurrency payments, says risks are too big
16 Apr 2021

Bitcoin tumbles after Turkey bans crypto payments citing risks
April 16, 2021

not really following crypto news. mayb good time to accumulate. but problem is takes time to open accnt

 

[singqian]

Turkey bans cryptocurrency payments, says risks are too big
16 Apr 2021

Bitcoin tumbles after Turkey bans crypto payments citing risks
April 16, 2021

not really following crypto news. mayb good time to accumulate. but problem is takes time to open accnt

use binance sg la

 

[Mr. Wood]

use binance sg la

xfers is bottleneck. fxxk them.