GBPUSD M3.
The area of strong selling from July 5 is what the game is for.
GBPUSD is not far from 1.5605, the UPO to which once the market returned on the same day.
A lower UPO at 1.5565 was taken and GBPUSD closed higher on Friday.
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GBPUSD M30
GBPUSD M30.
Friday ended with a tone up.
The nearest UPOs from the upside in this scale are @ 1.5627, 1.5635 and 1.5650.
Friday ended with a tone up.
The nearest UPOs from the upside in this scale are @ 1.5627, 1.5635 and 1.5650.
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- gbpusd15.07.gif (37.35 KiB) Viewed 6267 times
AUDUSD M30
AUDUSD M30 ended with a tone up.
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- audusd15.07.gif (36.32 KiB) Viewed 6044 times
EURJPY M30
EURJPY M30.
Friday ended with a tone up.
The UPOs waiting for a return to them are 97.22 and 97.76. EURJPY will not go near 97.76 to rest but to break it.
Friday ended with a tone up.
The UPOs waiting for a return to them are 97.22 and 97.76. EURJPY will not go near 97.76 to rest but to break it.
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- eurjpy15.07.gif (39.59 KiB) Viewed 5692 times
USDCAD M30
USDCAD M30.
Friday ended with a tone down.
However the market is bound to return to 1.0209 some time in future.
Friday ended with a tone down.
However the market is bound to return to 1.0209 some time in future.
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- usdcad15.07.gif (34.53 KiB) Viewed 5689 times
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Price making under scrutiny
A report commissioned by the G20 group of the world's biggest economies has warned oil prices could be vulnerable to a Libor-style rigging scandal.
According to the International Organization of Securities Commissions (IOSCO), the current system of oil price reporting is "susceptible to manipulation or distortion."
It is a bigger problem than Libor, Wibor or OIL.
The question is prices of what financial products are NOT susceptible to manipulation or distortion?
Are there any?
Both the Libor inter-bank lending rate at the heart of a global rate-rigging scandal and spot oil prices are based on a system of trust. They are, effectively, unregulated.
The current financial crisis shows that little can be trusted. A system of trust failed on all fronts.
Traders at various banks voluntarily report the prices. The price reporting agency decides what the benchmark price, quoted to the outside world, should be.
Manipulation or distortion means that some orders cannot be filled.
In other words, things may go wrong, though for most cases with small and moderate noise intensity, transient processes and asymptotic properties of the system are more or less deterministic. The bifurcation processes are not much affected by noises. Deviation from deterministic behaviors occurs only if the system is subject to large noises.
Noise effects depend on the non-linearity of a given model. Hopf bifurcation is always postponed by noises.
In practice the market can suddenly make a U-turn from a forecasted target or postpone a further fractal expansion.
According to the International Organization of Securities Commissions (IOSCO), the current system of oil price reporting is "susceptible to manipulation or distortion."
It is a bigger problem than Libor, Wibor or OIL.
The question is prices of what financial products are NOT susceptible to manipulation or distortion?
Are there any?
Both the Libor inter-bank lending rate at the heart of a global rate-rigging scandal and spot oil prices are based on a system of trust. They are, effectively, unregulated.
The current financial crisis shows that little can be trusted. A system of trust failed on all fronts.
Traders at various banks voluntarily report the prices. The price reporting agency decides what the benchmark price, quoted to the outside world, should be.
Manipulation or distortion means that some orders cannot be filled.
In other words, things may go wrong, though for most cases with small and moderate noise intensity, transient processes and asymptotic properties of the system are more or less deterministic. The bifurcation processes are not much affected by noises. Deviation from deterministic behaviors occurs only if the system is subject to large noises.
Noise effects depend on the non-linearity of a given model. Hopf bifurcation is always postponed by noises.
In practice the market can suddenly make a U-turn from a forecasted target or postpone a further fractal expansion.
GBPUSD
GBPUSD.
Friday ended with a tone up.
The nearest UPOs from the upside in this scale are @ 1.5627, 1.5635 and 1.5650.
Today GBPUSD has gone to 1.5653, and thus it returned to the before indicated UPOs.
Friday ended with a tone up.
The nearest UPOs from the upside in this scale are @ 1.5627, 1.5635 and 1.5650.
Today GBPUSD has gone to 1.5653, and thus it returned to the before indicated UPOs.
- Attachments
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- gbpusd16.07.gif (38.89 KiB) Viewed 4901 times
USDPLN
USDPLN ended Friday with a tone up.
Crucial is 3.4579 above which a new world begins, not to the liking of "policy makers". Our illusory debt stability will be vaporizing then.
At that time of the past it did not seem an inappropriate action to auction more bonds to finance and refinance debt.
Recently the IMF asserted that the biggest threat to the financial markets is a lack of rigging.
In other words, markets properly blindfolded by governments behave more properly than without a black patch on one of the eyes.
Crucial is 3.4579 above which a new world begins, not to the liking of "policy makers". Our illusory debt stability will be vaporizing then.
At that time of the past it did not seem an inappropriate action to auction more bonds to finance and refinance debt.
Recently the IMF asserted that the biggest threat to the financial markets is a lack of rigging.
In other words, markets properly blindfolded by governments behave more properly than without a black patch on one of the eyes.
- Attachments
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- usdpln22.07.gif (53.04 KiB) Viewed 5644 times
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