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@  traderpusa : (10 September 2019 - 01:35 AM) that was my bmw lol. E60.
@  Monoaldo : (10 September 2019 - 01:34 AM) E60
@  manfloy : (09 September 2019 - 11:12 AM) well said.
@  traderpusa : (09 September 2019 - 11:07 AM) at least for the moment, china will hold back because of economic conditions. My guess is they want to involve PLA but simply are not in a position to do so for the moment.
@  traderpusa : (09 September 2019 - 11:05 AM) well, regardless of any agreement between uk and europe, there is still nato is trump doesn't blow it up lol
@  manfloy : (09 September 2019 - 11:04 AM) I am really worried about HK if the PLA phase in this can interrupt the entire chain between FX liquidity and current import / export countries. I understand that we have a bunch of corporations exposed to China, now believe that 99 percent of them are stable in HK because they have a high law. If the PLA gets in, they'll substitute this economic centre with a singapore.
@  manfloy : (09 September 2019 - 11:04 AM) Yeah, they're really a very significant player. I am informed that there is also a lot more than economic, for instance there are a number of military agreements agreed between the GB and the EU, which is serious.
@  traderpusa : (09 September 2019 - 11:02 AM) the UK being part of the EU GDP figures, but not part of the Euro only makes things a bit complicated on how to interpret numbers for trading purposes.
@  traderpusa : (09 September 2019 - 11:00 AM) of course one needs to focus on US being the biggest economy but UK is still up there. https://gyazo.com/42...39df1c7c58d9221
@  manfloy : (09 September 2019 - 10:56 AM) I'm focused on the US, so I don't spend so much on the GB, I'm supposed to study it well since 2015, but something has altered worldwide, literally, it's an enormous step in the world's liquidity and global system, modifications are nice, but they're really colorful.
@  manfloy : (09 September 2019 - 10:56 AM) thanks good reading
@  traderpusa : (09 September 2019 - 10:53 AM) As to China, read this over the weekend : https://apnews.com/6...f75f013bf54e6a9
@  manfloy : (09 September 2019 - 10:51 AM) Spectacular indeed lol, this is huge to be honest
@  traderpusa : (09 September 2019 - 10:47 AM) it's gonna be interesting. MP's are leaving the sinking ship and now also Bercow has resigned. Gonna miss this guy lol
@  traderpusa : (09 September 2019 - 10:46 AM) https://gyazo.com/58...16d785753060ff0
@  manfloy : (09 September 2019 - 10:44 AM) I am very concerned about GBP, I have decided to leave until the government is making some definite deals on the Brexit. I'm not a supporter of uncertainty.
@  manfloy : (09 September 2019 - 10:42 AM) US It is expected to rebound until new years, because the season is coming and everyone is ready for new year revenues.
@  manfloy : (09 September 2019 - 10:41 AM) China is underwater now, and I can't even define how starving they are for dollars. Their imports fell significantly last quarter. They're trying to stimulate again, but I don't think it should work out, more than: we're back to the 2014/2015 situation. The issue with the Chinese central bank cutting off the supply of cash, the issue that they are not diversified around the world.
@  manfloy : (09 September 2019 - 10:41 AM) https://gyazo.com/25...967a0945fa48037
@  traderpusa : (09 September 2019 - 01:49 AM) Trump should wake up and tweet something lol

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RyanCare Failure

Forex Binary Options

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#1 Syndicated_Trader



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Posted 24 March 2017 - 05:20 PM

I know the title might have you thinking this post is about healthcare and to a very, very small extent it might be, but it is more about what next weeks market is set to bring us. With the failure to pass the healthcare bill, (I live in the U.S. and this failure makes me happy, it was very bad legislation) does this set up the possibility for all of us to make a lot of money trading Forex and Binary Options. I guess it really all depends on the markets and if they have or have not already absorbed the possibility this bill would fail. Take for instance the last U.S. interest rate hike, what happened?? The USD/JPY SANK like a bag of rocks. WHY? The market was already prepared for it. It had already taking into account the 90% likely hood that it would happen.  


The Failure of the RyanCare healthcare bill to even garner enough votes to bring to the house floor for a vote brings into question the ability for President Trump to bring the party together and pass any kind Tax reform. As you may or may not know, they premise of tax reform by President Trump is one of the main driving factors behind the surge in the markets and currency markets. Given that, one would be inclined to think the USD/JPY is in for an even bigger hit that it has been taking over the 2 months even though most all indicators show the currency pair is due for a correction.


My personal opinion is the pair is likely to see a small pull back to the up side before continuing its descent to the big round number of 110.000.. There toward the end of the day the pair climbed from from a low of 110.600 (Approx) to close at 111.285 which happens to be just a few pips shy of a 4H resistance level. Over the last 13 trading periods (4H) the pair has been bouncing off a 4H resistance and a 1 day support level. Maybe this failure to pass heath care will be the trigger to break the pair out if this current consolidation zone.


I now leave it open for discussion.

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