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Still Waters Run Deep

| 50Pips
“It’s not how much you have learned, but how much you have absorbed from what you have learned. It is not how much fixed knowledge you can accumulate, but what you can apply livingly that counts…” – Bruce Lee
The levels discussed in our Weely Outlook Video and in our Morning Call remain largely unchanged. As frustrating as it may be, we just have to be patient and let things play out. These last two days of the week, month and quarter are going to be very interesting and hopefully will add some clarity to the bigger picture and longer term cycles.
As far as the intraday action on currencies, we are still stuck in very choppy action around current levels: 1.08 Euro, 1.24 Cable, 111 Yen, as the DXY continues to flirt with the 100 mark. We feel that a lot of market participants are eagerly waiting for sustained breaks and momentum to accelerate but unfortunately, we feel that there is no reason for these move to trigger without a real catalyst.

If you are interested in attending a morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.

Going Both Ways

| 50Pips
“Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself.” – Rumi
The market tends to be very good teacher but only for those that a willing to listen and patient enough to sit through enough cycles. We have tried to be very clear on what we think is trying to shape up and at what point we are in the current rotation. As always, we have updated our thoughts in the latest Weely Outlook Video.
In terms of recent action, we really can’t complain. We are getting some two-sided action across the board and as traders, this is all we can ask for. Bonds and Gold continue to be the tell and VIX has finally woken up. We continue to expect choppy action and a press into the high teens, ideally into the 20s.
In terms of equities we have repeatedly warned about the action on IWM and XLF, so instead of posting those charts again, we thought is would be interesting to draw your attention to GS which is what we will be looking at for clues now.
In closing, last but definitely not least, don’t forget to keep an eye on DXY and this key support that is being front-run; we would not be surprised if Monday marked a pause of this USD selling, at least until the back end of the week.
If you are interested in attending a morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.

Tick-Tock

| 50Pips
“You can’t stop the waves, but you can learn how to surf.”
– Jon Kabat-Zinn
If you missed our latest weekly outlook , you can access it here > Video Outlook
Embrace the waiting game, you just need to be patient and let the opportunities come to you. Unfortunately, there is not much to add to what we discussed in the weekly outlook video. Let’s take a look at some of the updated charts/levels that we are focused on:

All About Perspective

| 50Pips
“The fact that we live at the bottom of a deep gravity well, on the surface of a gas covered planet going around a nuclear fireball 90 million miles away and think this to be normal is obviously some indication of how skewed our perspective tends to be.”
– Douglas Adams
If you missed our latest weekly outlook , you can access it here > Video Outlook
We hope everyone has plenty popcorn ready for what is setting up to be a very interesting and potentially pivotal month.
This week, it’s primarily about NFP on Friday; first in terms of positioning/squaring and then in terms of follow-through. We strongly encourage readers to remember that price does not tend to move in only one direction for a sustained period of time. It can happen and it can seems extremely irrational but this neither means that it is healthy nor that it is the norm.

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Forex & Futures Outlook | 05/03/2017

| 50Pips

Inflection Point?

| 50Pips
“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.”
– Aldous Huxley
Once again, it’s all about President Trump. The key focus this week is going to be on the Tuesday address to the joint session of Congress. We’ll have to see how he navigates this and how the markets decide to react and follow-through. Attached are some interesting charts we’ll be stalking.

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Let’s Go Live

| 50Pips
“Some people succeed because they are destined to, but most people succeed because they are determined to.”
– Henry Van Dyke
If you missed our latest weekly outlook , you can access it here > Video Outlook
The key focus following the digestion/interpretation of the ‘Fairly Soon’ FOMC Meeting Minutes will continue to be how the market decides to price risk and position into/through what President Trump has called a ‘Massive Tax Plan’. No doubt a lot to consider and digest in the not too distant future…
I have just opened a webinar room for a brief open access Live Morning Call. Everyone is welcome to attend, please feel free to share the link. We’ll be kicking things off in about 10/15m > Enter 50’s Room
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Forex & Futures Outlook | 19/02/2017

| 50Pips

Morning Roundup

| 50Pips
“The grass is greener where you water it.”
– Neil Barringham
Quick Link > Latest Video Outlook

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