Posts by "pippedoff"

The PPT knows it needs to close US session with euro and gbp trash, aussie and gold at highs for the day, therefore they will goose spoos right to USD equity close.

If they fail, mid-Sydney and Tokyo session will not be kind to nindless 150 pip euro and 200 pip cable short-covering rally on no fundamentals.

@vick-he hasn't traded the gbp in what, years?

btw, How's the weather DOWN UNDER? Taking advantage of the PPT I see in the aussie trade. Congrats!

@nzvik-thanks for posting Todd Gordon's Aussie trade from earlier today for us.

@Pipster-thank you.

I am forever learning how to read tea leaves. We all knew a pop higher in eur, gbp trash would eventually happen. I was a little caught surprised at the extent of the gold move.

For now usd/cad is trying to carve out a bottom, and usd/jpy has given up some of its gains. This is positive for usdx.

Ashraf just twitted tomorrow's FOMC minutes to be usdx positive.

So the only question remaining is, how far can the PPT goose the spoos (S&P futures) to rally risk even more before the next call.

I remain that this risk rally is nothing more than chasing weak shorts.

Again, who in their right mind would earnestly be going long eur and gbp with fresh $$. Short-cover rallies can be more intense than regular long-buying rallies.

Hang in there and steer the course.

@AVG-condolensces. Market simply taking out weak shorts.