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  • Private sector contraction in the US continues into the new year, with renewed pick up in cost pressures

    From pmi.spglobal.com

    Private sector firms in the US registered a further decline in output at the start of 2023, according to latest ‘flash’ PMI™ data from S&P Global. The fall in business activity softened to the slowest in three months, however, as manufacturers and service providers signalled moderations in their respective downturns. The headline Flash US PMI Composite Output Index registered 46.6 in January, up from 45.0 at the end of 2022. The contraction in activity was solid overall, but the slowest since last October. Goods producers and service providers recorded similar rates of decline, with service sector firms ... (full story)

VERY GOOD DATA ........ USD comeback to strong .... FED still absorb demand ....
All my analysis is based on Wyckoff Methods
This is the beginning of the "Great US Recession of 23"

Business slowdown with increasing costs....business attempt to pass along costs AGAIN....US Consumers say NOPE!

Who wins?

Well ask yourself this - the FED was planning on raising rates 4 weeks ago - what's changed?
...because you never know - until you do!
Dollar gonna bullish!
Do you see the way how they inerpret? EUR data negative but titel says economy is improving. USD data is positive and growing but the title says contraction continues
EURUSD reach where it was and didint go down well despite strong usd
Good PMI data came in a good place of USD/JPY. RSI weekly chart is showing a carved U shape and the needle up to move upward. Fuel got to move rise.
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What is really happening to eurusd trades, its npt stable these days
Quoting hesron
VERY GOOD DATA ........ USD comeback to strong .... FED still absorb demand ....

It must be embarrassing to be wrong so much and so often. U have been calling for USD to go up the last 3 months and keep been wrong every week
Here is one of your quotes from November 4th 2022 - yes ... may be ..... but the bulls are still not strong enough to make a reversal to the uptrend... buy bulls 1 T usd in one shoot

Totally laughable and appalling - the euro was below parity then and today is 900 pips higher
U are misleading so many people with your bad advice
Quoting Steven1
{quote} It must be embarrassing to be wrong so much and so often. U have been calling for USD to go up the last 3 months and keep been wrong every week Here is one of your quotes from November 4th 2022 - yes ... may be ..... but the bulls are still not strong enough to make a reversal to the uptrend... buy bulls 1 T usd in one shoot Totally laughable and appalling - the euro was below parity then and today is 900 pips higher U are misleading so many people with your bad advice
nothing is certain in the market because the market itself is uncertain.... 80% of price movements are price manipulation.... including current price movements... the market situation is in an extraordinary condition but market participants expect a normal market. ... market the forex market is a zero sum game of smart money business
All my analysis is based on Wyckoff Methods
Quoting hesron
{quote} nothing is certain in the market because the market itself is uncertain.... 80% of price movement is price manipulation.... including current price movements... the forex market is a zero sum game of smart money business
Actually u are so wrong bigtime - everything is certain in the markets - yes markets are manipulated - that is good - that means it is easy to make money following the big players. I trade for a living making money from trading by reading the charts and following the big players who leave big footprints in the charts
I have been calling for the USD to go down for the last 3 months - easy to see in the charts - USD is in a downtrend but u keep saying it is going to go higher and keep getting it wrong week after week after week after week - it must be very embarrassing to be wrong so much i????????
Quoting hesron
{quote} nothing is certain in the market because the market itself is uncertain.... 80% of price movements are price manipulation.... including current price movements... the market situation is in an extraordinary condition but market participants expect a normal market. ... market the forex market is a zero sum game of smart money business
USD is in a downtrend - U don't get a hero medal for TRYING to call the bottom of a downtrend. Just plain stupid. Professional traders don't call the bottom of a trend - they instead ride the trend for all of its profits

here is the daily chart of the US dollar chart - in a clear downtrend for the last 3 months - moving averages clearly going down since November - it is not rocket science

I have been calling for the US dollar to go down for the last 3 months - amazing how many people trade against the trend - 99% of them will lose money doing that - basic maths
Attached Image (click to enlarge)
Click to Enlarge Name: FXCM MetaTrader14.png Size: 24 KB
Quoting Steven1
{quote} USD is in a downtrend - U don't get a hero medal for TRYING to call the bottom of a downtrend. Just plain stupid. Professional traders don't call the bottom of a trend - they instead ride the trend for all of its profits here is the daily chart of the US dollar chart - in a clear downtrend for the last 3 months - moving averages clearly going down since November - it is not rocket science I have been calling for the US dollar to go down for the last 3 months - amazing how many people trade against the trend - 99% of them will lose money...
I agree with as downtrend but go to the RSI day and weekly chart. USD/JPY has completed the Day and Weekly bearish chart now and starting a new wave in the day and weekly. RSI leg up now, then you will ugly comments.
Quoting Steven1
{quote} USD is in a downtrend - U don't get a hero medal for TRYING to call the bottom of a downtrend. Just plain stupid. Professional traders don't call the bottom of a trend - they instead ride the trend for all of its profits here is the daily chart of the US dollar chart - in a clear downtrend for the last 3 months - moving averages clearly going down since November - it is not rocket science I have been calling for the US dollar to go down for the last 3 months - amazing how many people trade against the trend - 99% of them will lose money...
are you know about trend .... i doubt
All my analysis is based on Wyckoff Methods
Quoting hesron
{quote} are you know about trend .... i doubt
I have been trading for 17 years fulltime - trading pays for my bills - i make big bucks - I know what a trend is - only losing amateur traders blame manipulation and make excuses for losing money. Markets have been manipulated for the last 400 years and always have been and will continue to be 100 years into the future - U need to deal with it and get over it - follow what the big players are doing on the charts. THE MARKET IS ALWAYS RIGHT !!!!!!!!!!!!!! You need to realize your thoughts mean nothing for trading and instead u need to trust what the chart is doing - u have been thinking the US dollar should be going up for the last 12 weeks in a row and been wrong every time - U have your head in the sand. Time to wake up
Quoting Steven1
{quote} I have been trading for 17 years fulltime - trading pays for my bills - i make big bucks - I know what a trend is - only losing amateur traders blame manipulation and make excuses for losing money. Markets have been manipulated for the last 400 years and always have been and will continue to be 100 years into the future - U need to deal with it and get over it - follow what the big players are doing on the charts. THE MARKET IS ALWAYS RIGHT !!!!!!!!!!!!!! You need to realize your thoughts mean nothing for trading and instead u need to trust...
from your statement ... i think you still don't know about trend
All my analysis is based on Wyckoff Methods
Quoting hesron
{quote} from your statement ... i think you still don't know about trend
U should be asking yourself what a trend is? u have no idea what a trend is when u keep saying the US dollar should be going up for the last 12 weeks in a row and keep getting it wrong everytime. the US dollar has been making lower highs and lower lows for the last 12 weeks since November on the weekly and daily charts. Another way uptrends can be viewed is if price is above the 200 moving average which the Us dollar is below therefore it is in a downtrend. only people who lose money will say the US dollar is in an uptrend
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