Duh, They Want It That Way … As hard as Trump and Mnuchin are fighting to keep the cost of financial stimulus low, they really want it because it weakens the dollar. I know those guys like to posture as Dollar Hawks but that’s just to protect the currency from manipulation and maintain a conservative […]
Is Another Rebound In Store? Earlier this year the Dollar Index looked like it was putting in a bottom. Sadly to say, the bullish signal it was giving off turned out to be right, only for the very near-term and that was all. What happened is that the index was in downtrend, hit a support […]
Moving On Up, To A New High The S&P 500 has been moving up steadily since hitting its March lows. The move is driven by a combination of factors that include 1) the correction was overblown 2) the pandemic shutdown was not as bad as feared 3) the rebound is stronger than expected and 4) […]
A Rounding Top In Action I wrote about oil a few weeks ago describing a Rounding Top that I see in play. In the time since the price of oil has continued to edge higher and still showing the same signs of weakness. The move is a combination of near-term demand increases driven by the […]
There I Said It, Ethereum Is Overshadowing Bitcoin I’ve long thought that Bitcoin’s value to the cryptocurrency market was it’s stable presence. What I mean it, cryptocurrency is a new and evolving technology, we’ve seen how that can affect the basis for prices, and having the “one coin to rule them all” so to speak […]
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 […]
PayPal And Crypto-Consumer Trading May Be At Hand PayPal let it be known earlier this year the company was making inroads to cryptocurrency. In a message to the EU, PayPal said it was unilaterally working on tangible steps into that arena. Now, word from Coindesk suggests the global payment platform is going to partner with […]
Earnings Season Is At Hand The Q2 earnings season is underway and the signs are good for two things. The first is that, for many businesses, the quarter was much better than expected. That’s not true for all businesses, some are falling by the wayside, but enough are surviving to keep the equities market happy. […]
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 […]