After reaching parity with the Swiss Franc Facta, the DXY peaked ST over 1.05.
Our TOSS level was 104.55, it has been met Short Term on a Throw Over.
It's nowhere near done moving higher, but for now, will range to digest a large
move into the Safety Trade
It did peak while sentiment was reaching extremes unseen. Again we do not
expect Extreme Fear readings to give up much more than a persistent Fear
Reading.
Only Direct Subsidies to Consumers and FMonetary/Fiscal Pivots will resolve the
embedded Senticators.
____________________________________________________________________
My long-standing FX Accident Thesis is well underway and will continue into
October of 2023.
A new Low at the close of the session sends the DX lower, a potential distribution
is setting up nicely Shorter Term.
We'll need to see if this ends up with a larger distribution. It well may be turning
slightly on this pattern.
Observing the reaction on Gold will be telling, it did hit my PO @ 1798.90 dipping
in ever so slightly. Gold is reaching a DOM demand level.
The COT remains in a SELL for Large Participants.
Is a surprise in store, there appears to be one waiting in the shadows.
Our TOSS level was 104.55, it has been met Short Term on a Throw Over.
It's nowhere near done moving higher, but for now, will range to digest a large
move into the Safety Trade
It did peak while sentiment was reaching extremes unseen. Again we do not
expect Extreme Fear readings to give up much more than a persistent Fear
Reading.
Only Direct Subsidies to Consumers and FMonetary/Fiscal Pivots will resolve the
embedded Senticators.
____________________________________________________________________
My long-standing FX Accident Thesis is well underway and will continue into
October of 2023.
A new Low at the close of the session sends the DX lower, a potential distribution
is setting up nicely Shorter Term.
We'll need to see if this ends up with a larger distribution. It well may be turning
slightly on this pattern.
Observing the reaction on Gold will be telling, it did hit my PO @ 1798.90 dipping
in ever so slightly. Gold is reaching a DOM demand level.
The COT remains in a SELL for Large Participants.
Is a surprise in store, there appears to be one waiting in the shadows.