TayFx
Long

🧬 The Speculative Dictation from the SPX to FX 🔮

TVC:DXY   U.S. Dollar Currency Index
Something pretty interesting happened when the DXY ( U.S. dollar index ) is inverted, and split chart next to the US500, a derivative of the SPX500 that trades within the construct of the OTCC markets and is a good 24/5 proxy.

_________________________________________________________________________________________________________________________________________

This being said, all of us in the FX market-- rather we like it or not-- are at the mercy of the SPX . The SPX is the most highly speculative instrument in the world. Speaking as someone who was complaining about the 12 year low ATR's the Euro was compressed to this time last year (July of 2018), I welcome the ability to trade speculation, at least there's some volatility we can get a bite at.

Can we can make more informed trading decisions for the U.K. and U.S. sessions as forex traders by paying attention to the equity market; or is it the other way around?


Just a theory.. should Trump resign--in a manner of 'dropping the mic-- with national polls suggesting Biden have over 10% leads in many very critical states for the entire Republican game plan. Now, if Pence takes over to fight Biden , I could care less to speculate; I will be here trading and making money regardless of who's president. What if..the market has been pumped by Pump and friends (Kulow, Mnchin, Powell), --and he essentially dumps.. that would make this just another pump and dump?

21:32:15 ( UTC )
Sun Jun 28, 2020
Comment:

Comments

Pump and dump, I agree. Just enough for Kushner and Co. to fill shorts. Trump dropping out...no way - his ego wouldn’t be able to take that.
Reply
Fascinating. Good eye ! But unlikely political scenario, tho. Well, come to think of it, one can never descount anything from this POTUS, so...yeah, it could happen !
Reply
TayFx AJFG
@AJFG, thanks for the comment
Reply
TayFx AJFG
@AJFG, what's your thought's about the SPX or the DXY going into this week??
+1 Reply
AJFG TayFx
@TayFx, Out of my league, i can only try a wild guess, but from my chair, the FED will allow pullbacks, but not Liquidation events. So, come Q2 numbers, and they're a real beauty , BRR like they've never BRR before. In the long term, that's going to blow up the dollar, but all the other currencies will blow up first ( some already have , Lebanon, Iran, and all-time favorite, Argentina ) . Stagflation until "confidence restored " , then Inflation, possible hyper-inflation . Tell me if i'm way off !
Reply
Thanks... Always looking for your insight!
Reply
TayFx IRNY
@IRNY, Happy to help! It could be a week where a major shift happens
Reply
TayFx IRNY
@IRNY, Do you think 100 DXY possible?
Reply
TayFx TayFx
@TayFx, happy to help, thanks for the support ❤️
Reply
IRNY TayFx
@TayFx, IDK... I see a lot of resistance around 99.50-99.75. $100 will be a touch if the momentum is there.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out