- Search Crypto Craft
- Momofrmnyc commented Mar 8, 2020
It's ok we knew the big money had to wipe down the markets enough for us to get a better position. Too many positions where it was like 80/20 big money had to clear that.
FX flash crashes
- Momofrmnyc commented Mar 8, 2020
The OPEC disagreement was the last straw on the camel back to me in my opinion. Once that fell it caused the oil market to sputter and lose control and all markets had to get the reverb. Let's be honest we have been getting signs for a while we have ...
FX flash crashes
- Momofrmnyc commented Mar 8, 2020
Yen is going onslaught mode. Perfect time to pick up some money. It's a flash crash and we just have to accept it happen.
Tokyo stocks plunge over 5% on virus fears
- Momofrmnyc commented Mar 8, 2020
The flash crash was inevitable thank God I opened that short on AUD/USD and USD/JPY last week. Pips galore off this volatility let's make money. Don't panic just follow the moves.
FX flash crashes
- Momofrmnyc commented Mar 8, 2020
We all knew oil would crash didn't take a genius at all. It was already pretty visible by Friday that oil had to take the hit. The long on USD/CAD is just looking so much more better due to this. Sit back and enjoy volatility and profits quickly. ...
Saudis Plan Big Oil Output Hike, Beginning All-Out Price War
- Momofrmnyc commented Mar 8, 2020
Way more lucrative sells against JPY than GBP. How about CAD, AUD, or USD. All those will do much better in the shorting department than GBP.
Panic: USDJPY Crashes, Commodity Pairs Plunge, Oil Said To Open Down $10
- Momofrmnyc commented Mar 6, 2020
Exactly what we needed.
OPEC and OPEC+ fail to agree on rollover of existing cuts
- Momofrmnyc commented Mar 6, 2020
Well this is data before corona virus escalation. Obviously if your referring too the fed intervention of the "strongest economy" then sure that's why these assets have to bubble and pop now.
Employment Situation -- February 2020
- Momofrmnyc commented Mar 5, 2020
Expecting CAD to weaken further against the USD. Optimal time for me to load up more on some longs on USD/CAD.
BOC's Poloz: Was shifted toward a rate cut regardless of virus
- Momofrmnyc commented Mar 5, 2020
Dollar may stay weaker against certain pairs but I definitely see it strengthening against CAD, AUD or MXN with further deterioration.
Can Non-Farm Payrolls Save the Dollar?
- Momofrmnyc commented Mar 5, 2020
All of this to say a bunch of nothing if it isn't agreed on. I do see Russia possibly agreeing last second just to appease the markets but regardless the demand for oil will be staggering low for the first 2Q I believe in my opinion.
OPEC 178th (Extraordinary) Meeting of the Conference concludes
- Momofrmnyc commented Mar 3, 2020
All they are doing is postponing the drop that's inevitably coming.
'Whatever it takes': Here's what 4 experts are saying about the Fed's surprise rate cut
- Momofrmnyc commented Mar 3, 2020
Basically this was a clear house move.
Fed cuts benchmark rate 50 bps
- Momofrmnyc commented Mar 3, 2020
Our economy has so many training wheels you can't even really tell if the data is actual growth or just FED intervention.
Powell: Unclear how long this will last, but expects return to solid growth
- Momofrmnyc commented Mar 1, 2020
The markets literally just opened did you expect it to go underneath in 0.65 in a few seconds? China PMI will be released in an hour and a half just wait and be patient. The markets don't just go in 1 direction instantaneously.
"There's No Pollution" - NASA Satellite Images Expose China's "Production Has Resumed" False...
- Momofrmnyc commented Mar 1, 2020
I agreed with everything until you said this 4x times deadlier than the flu. Literally from Oct 2019 to Feb 22 in the U.S alone there has been 18k - 46k deaths resulting from the flu. This disease is nowhere close to the flu. Not even in the same ...
Washington State Governor declares state of emergency due to coronavirus
- Momofrmnyc commented Feb 29, 2020
Panic has hit the markets long ago. Your just now seeing a continuation.
Washington State Governor declares state of emergency due to coronavirus
- Momofrmnyc commented Feb 29, 2020
Definitely true I'd throw out support/resistance for the time being and just let the markets play out. There will eventually be some sort of intervention that'll lead to a correction but we first have to let this stuff pass. The markets can't run ...
USDJPY Confirms False Break, Targets 106.80
- Momofrmnyc commented Feb 28, 2020
Why would this be the bottom? Selling just started and there's no indication of weakness and it's full on risk aversion mode. Until we hear some POSITIVE news as far as the Covid-19 expect safe haven assets to rule over with an iron fist.
Fed's Bullard: rate cuts a possibility if virus intensifies, but not the base case
- Momofrmnyc commented Feb 26, 2020
We haven't even seen the economy run on its own. It's been FED assisted for a while now. Once the fed cease their repo operations I'd like to see how
the economy truly is.Monthly new residential sales, January 2020