Trading Edges That Last
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Lawrence's Comment Recap Consolidation around Y+1 as expected until Fed minute released mid week. The quick sell off was met with aggressive buying. Closed the week above Y+1 and at week high. Outlook The ...READ MORELawrence's Comment Recap Similar to loonie, aussie produced biggest reaction among the majors from the intervention by the central banks due to its metal currency behaviour. The Y+1 breakout to ...READ MORELawrence's Comment Recap Y-0 support as expected and sent NQ up to near Y+1. NQ failed to clear the former support zone, forced it back down to test Y-0. Fed minutes released ...READ MORES&P 500 Oct 04 to Oct 08 OutlookDow 30 Nov 25 to Nov 29 OutlookHot n Cold (EURUSD) 2011-6-143DP Odds Table (EURUSD) 2023-04-27AUDUSD Dec 05 to Dec 09 OutlookNasdaq 100 Aug 24 to Aug 28 OutlookAUDUSD Mar 06 to Mar 10 Outlook3DP Odds Table (EURUSD) 2022-01-13AUDUSD Feb 21 to Feb 25 Outlook3DP Odds Table (EURUSD) 2013-08-07
As Featured In
EURUSD Jan 23 to Jan 27 Outlook
Lawrence’s Comment
Warned about intervention since beginning of the year. Here we go again – some did all they can to support the low grade bonds, spreading rumors of solutions in near future.
Short squeeze all the way ended below Y+2 and closed above Y+1.
Outlook
An artificial low was made last week. Such low cannot last unless there is a second boost to the squeeze, giving reasons for some to join the long side.
A pullback to B-0 downto Y-0 will provide the opportunity. euro will have to prove itself by holding this support level and rally from there to break the down trend.
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