Hi!
Pundits say the worse is already over in USA. From here to the Moon. OK, now they are looking for a hike on US rates. Great. Gorgeous.
The majority of pundits work for the system. The system wants your money; the system needs you to be always on the buy side; the system wants you to feel happy; the system needs you to buy whatever thing you see; the system needs you. Well, the system doesn't care about you, but your money.
CNBC is the paradigm of what I'm saying. Bull shit every second. The FED has bailed out the strongest with your money and you are going to pay the bill. Sure you will.
But the FED will not hike, my friends. They will not do it for quite a long time.
You will see the next NFP. If I'm wrong, sorry; I'm not a pundit and I do not work for the system. So, I'm free to say whatever thing I think.
Hundred thousands of American citizens are feeling the pain and they are paying the bill. None of those Wall Street bastards have been sent to jail. None of those rating agencies have been prosecuted.
Back to basics.
Quote:
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It needs to hold above 1.5463 if we want it up to 1.5549 on its way to 1.5754 - 1.5797.
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EURUSD hit 1.5549 and closed at 1.5593. It made a high on Friday at 1.5601.