The FOMC Is Set To Cut Rates The FOMC is set to cut rates this week but traders should not expect the dollar to fall. While rate cuts are typically a currency-weakening event this cut is compounded by misplaced expectations and offset by dovishness from other central banks. The risk for traders is two-fold. First, […]
Bitcoin Bottoming Action Points To Big Gains Ahead The cryptocurrency market correction is a month old now and beginning to look like upward pressure is coming back. The correction wiped 25% off the value of BTC/USD which isn’t much, not in relation to past corrections. The good news is that bottoming is becoming evident within […]
The FOMC Is On Tap The FOMC is going to be a mega-market mover next week when it decides to cut rates, or not. The market has a lot of expectations built into the meeting and one of them is aggressive rate cuts, as many as three by the end of the year. In my […]
Ethereum Upgrade May Not Be Forthcoming The entire cryptocurrency market entered a correction in tandem with Washington’s probe of Facebook’s Libra plans. While Libra is not that important in the grand scheme of things it is a catalyst for selling the market has acted on. No where is this correction more evident than with Ethereum, […]
This Is A Big Week For Dollar Traders, Be Ware! This is going to be a big week for the dollar. The market is expecting an FOMC rate cut in two weeks, this week’s news could reinforce or alter that perception. The Fed Chief Jerome Powell opened the door to a rate cut at his […]
Bitcoin Price Action Is Bullish The Bitcoin price action of late is bullish. The world’s reserve cryptocurrency has been consolidating near recent highs after break a significant resistance level. The move bears the hallmarks of a triangle/flag-pattern but one of great magnitude. The consolidation has already been underway for three weeks and may go on […]
Rate Cut Hopes Fade The Dollar Index is moving higher as hopes for a Fed rate cut fade. The reason is simple, the NFP report was much stronger than expected and suggest the US economy hasn’t weakened too much. Global activity is slowing, US activity has too, the catch is that market expectation got ahead […]
The Cryptocurrency Market Is Consolidating The cryptocurrency market has had an impressive run higher this year. Most coins count their gains in the triple digits and there is reason to believe the run is not over, bigger gains are on the way. There are several drivers for the rally but the one I see as […]
U.S. Equities Surge After The Trump/Xi Trade Truce The U.S. equities surge to a new all-time high following the announced trade truce between President’s Trump and Xi. The truce means the two leaders will not impose new tariffs on each others goods, that restrictions on Huawei will be eased, and that negotiations between China and […]
Resistance? Correction? It’s A Good Thing Bitcoin crossed the $12,000 threshold earlier this week in a move that can only be called Ballistic. The world’s leading digital currency gained more than $2,000 in less than 24 hours, moved up to set a new 17 month high, but was not able to hold the gains. Not […]