Back On The Chain Gang

Well, that certainly was a welcome respite. However, it's back to work this morning and a very busy and consequential week awaits so let's get going!

First of all today, keep in mind the tried and true TFMR adage... It's not how you begin the week that matters as much as how you end it. And boy is that ever true this week. Thus far, the trading has been nearly identical to the dominant trend of last week. A rally through the London AM Fix and then a price drop into and onto Comex as the POSX flipflops and bangs around....

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Key Economic Events Week of 1/30

1/31 8:30 ET Employment Costs
1/31 9:00 ET Case-Shiller Home Prices
1/31 10:00 ET Consumer Confidence
2/1 8:15 ET ADP jobs report
2/1 9:45 ET S&P Manu PMI
2/1 10:00 ET ISM Manu PMI
2/1 10:00 ET JOLTS
2/1 2:00 ET FOMC Fedlines
2/1 2:30 ET Chief Goon Powell
2/2 8:15 ET ECB rate decision
2/2 8:30 ET Productivity & Labor Costs
2/2 10:00 ET Factory Orders
2/3 8:30 ET BLSBS
2/3 9:45 ET S&P Services PMI
2/3 10:00 ET ISM Services PMI

Forum Discussion

by argentus maximus, 1 hour 42 min ago
by argentus maximus, Jan 31, 2023 - 1:14pm
by argentus maximus, Jan 27, 2023 - 6:13am
randomness