Sterling Looking Fresh Despite Increased Number of COVID-19 Cases by Bogdan Giulvezan The greenback started the New Year on the same bearish note seen at the end of 2020, losing ground against most of its counterparts, while the Pound is surprisingly strong regardless of Brexit jitters and the growing number of new coronavirus cases. GBP/USD […]
No Longer In Doubt A few weeks ago I blogged about the Dollar Index and how it was poised to move, but maybe the market wasn’t sure which way it was going to go. The signs were slightly bullish, the forecast slightly bearish, so the way to trade was unclear. Unclear that is, until the […]
A Rounding Top The oil market has staged a stunning rebound since hitting the lowest level in so many years I can’t remember when. The market has been fueled by rebounding sentiment and reopening economies despite what are still high levels of supply and storage. Although the economic reopening is underway the outlook for demand […]
Dollar Outlook; Which Way Will It Go, George? The Dollar Index has been trying to establish direction for a couple of weeks now and it may be on the verge of the next big move. At one point I was very bullish on the rebound but soon became less sanguine. Now, the index has more-or-less […]
Man What A Jobs Number! The NFP figure was released today and boy was it ever a big one. The headline figure came in at 4.8 million and well above the consensus figure. When you add in the revisions to previous months the figure is closer to 4.9 million and just shy of the 5 […]
I’m Not So Sure About This Rebound The Dollar Index hit a bottom recently and began a reversal. I myself have expounded on the idea even calling for the possibility of a full reversal. What I’m seeing now, however, isn’t all that bullish despite an appearance of strength. I think traders should be cautious with […]
It’s Not Always About Bitcoin The cryptocurrency market is beginning to heat up. Beginning with Bitcoin, the market is moving up from confirmed support and looks ready to tackle the next resistance level. Moving out to the broader market, there are other coins on the move and not just because BTC is getting stronger. The […]
Bitcoin; Still Bullish, Let’s Try Again … but Don’t Forget About Ethereum The Bitcoin has been trying to wake up and get really bullish for months now but it just keeps hitting resistance. The most recent action has the coin trading and consolidating between $9,000 and $10,000 and, at this time, another run up to […]
The Breakout Failed, What Next? Last week Bitcoin was on the cusp of breaking out to new highs. The move looked strong, the coin was making nice candles, and the indicators were supportive so what happened? Resistance at the round number of $10,000 held the coin in check and sent price action back down to […]
Here It Comes, How High Will It Go Pundits, talking heads, industry insiders, traders and market-watchers like me have been anticipating a major rally in Bitcoin for over a year. The reasons are numerous but today center around one event, the next halving. The next halving of the Bitcoin mining reward occurs this weekend late […]