|

G10 and Immigration: Levels, Ranges, Targets

Interesting quote from Democrat Pat Mc Carran and Co author of the 1952 McCarran - Walter Immigration act.

However, we have in the United States today hard-core, indigestible blocs which have not become integrated into the American way of life, but which, on the contrary are its deadly enemies. Today, as never before, untold millions are storming our gates for admission and those gates are cracking under the strain. The solution of the problems of Europe and Asia will not come through a transplanting of those problems en masse to the United States. ... I do not intend to become prophetic, but if the enemies of this legislation succeed in riddling it to pieces, or in amending it beyond recognition, they will have contributed more to promote this nation's downfall than any other group since we achieved our independence as a nation.

Trump's first cardinal sin was deal with Democrats while the greatest sin was sell America by DAACA in return for a promise by Democrats to deal on tax cuts. As soon as DAACA arrangements are passed, look for the Democrats to renege on tax cuts.

The Democrat plan is House the 1 million new voters in Republican Congressional districts to dilute the Republican vote and ensure a Republican won't ever see a winning election. Democrats performed the same operation in Minnesota with 25, 000 new Somali's, Republican East North Carolina and South Carolina to offer a few of many examples. Decades will pass before Minnesota ever sees a Republican elected. Don't be surprised to see DAACA people in Paul Ryan's District as he would be the best target. Democrats as well were busy with Obummer's Muslim Brotherhood resettlements in Republican districts.

A few more Senate seats for Democrats then Trump, tax cuts and America remain in dead stasis mode for years to come. Of 1 million DAACA people amounts to about 1.5 milion new Democrat votes. Democrat focus will be on tax raises to pay our new found American friends to resettle and ensure the vote. The news media will assist by human interest story after human interest story. Here's Hector from Guatemala with 7 children, blah blah. If the Democrats ever gain power again, they will take America down as McCarran stated.

What's wrong with DXY, remember the few articles on overbought Fed Funds, On Natural rate of interest. Fed Funds needs a serious drop, not raise.

Few trades

EUR/USD below break points 1.1847 and 1.1825. Bottom is protected today by 1.1789.

GBP/JPY is at break point at 147.44. On the way down, breaks are located at 146.90 and 146.48.

AUD/USD rough spot and overbought at 0.8064 and 0.7995 below.

EUR/JPY, same story here as resistance points are built in at 131.57 and 131.65.

Author

Brian Twomey

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

More from Brian Twomey
Share:

Editor's Picks

EUR/USD extends its optimism past 1.1900

EUR/USD retains a firm underlying bid, surpassing the 1.1900 mark as the NA session draws to a close on Monday. The pair’s persistent uptrend comes as the US Dollar remains on the defensive, with traders staying cautious ahead of upcoming US NFP prints and CPI data.
 

GBP/USD hits three-day peaks, targets 1.3700

GBP/USD is clocking decent gains at the start of the week, advancing to three-day highs near 1.3670 and building on Friday’s solid performance. The better tone in the British Pound comes on the back of the intense sekk-off in the Greenback and despite re-emerging signs of a fresh government crisis in the UK.

Gold picks up pace, retargets $5,100

Gold gathers fresh steam, challenging daily highs en route to the $5,100 mark per troy ounce in the latter part of Monday’s session. The precious metal finds support from fresh signs of continued buying by the PBoC, while expectations that the Fed could lean more dovish also collaborate with the uptick.

Litecoin eyes $50 as heavy losses weigh on investors

Following a strong downtrend across the crypto market over the past week, Litecoin holders are under immense pressure. The Bitcoin fork has trimmed about $1.81 billion from its market capitalization since the beginning of the year, sending it below the top 20 cryptos by market cap.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.