Week Ahead – Let the debates begin! | Crypto Craft

  • Week Ahead – Let the debates begin!

    From marketpulse.com

    For a long time we’ve been warned that the final months of the year will be extremely eventful and if recent weeks are anything to go by, that may be an understatement. With the US election fast approaching, Covid on the rise again and Brexit negotiations reaching a critical point, financial markets are about to get very interesting, indeed.The labor market recovery is stalling, and pressure continues to grow for Congress to provide more support. The September nonfarm payroll report will be the last jobs report before the presidential election. Most leading indicators show the joblessness issue is about to get ... (full story)

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herewardwake
Sep 25, 2020 9:06pm
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$
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foto
Sep 26, 2020 5:55am
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Debates there may be but beware the Financial press weasels with only one agenda, that is to paint everything in the worst light.
Rush hour traffic is back in full in the Burbs where I am ( am in one of the highest hot spots in US) and that means under it all economic vitality is coming back. Fear is a control mechanism and it has been deployed by full measure to herd people into an prescripted agenda.
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Dr.Wizepips
Sep 26, 2020 8:44pm
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Quoting clockwork71
All I know is that I will be playing a drinking game w/ my friends. This is going to be fun.
sounds Big Brotheresque haha. I assure competition and risk may incite fear. When this does occur, we may experience demand in high risk assets as well as safe havens . My statement is supported by a unweighted currency index. Looking between two weeks and now , we see how assets' demands like USD, JPY and GBP's has been increasing ; while, EUR slumps. IF this continues, EUR/JPY's Bearish flag at 122.555 could break lower, EUR/USD would experience a similar scenario at or near 1.16250's , where an support of yet another bear flag can be seen from an 1 hour horizon.

In both cases, EUR/USD and EUR/JPY s' SMAs follow above each of their bear flags, where 50% Fibonacci [AKA "Golden Zone" or "Kill zone" ]sits perfectly. Price connecting AND reacting bearishly to this area described could strongly indicate continuation in both of these classes.

Strong USA as well as Fearful USA news could incite stronger volume at the times of their sell offs.This would totaly compliment the original game pan .

What is even more helpful is that ECB has reported slumping production in German production and Germany basically pays for the ECB's bills. haha
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clockwork71
Sep 26, 2020 5:24pm
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All I know is that I will be playing a drinking game w/ my friends. This is going to be fun.
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