The FOMC Is In Control Of The Market While global events ranging from the trade war to the trade deal, economic data, geopolitics, and the coronavirus have markets on the move it is the FOMC that controls their longer-term direction. At least this week, that is. This week we’ll get a sneak peak into the […]
The Wuhan Connection The dollar has been moving higher over the last few weeks and the outlook is bullish. The FOMC reaffirmed the U.S. economy, the FOMC chief’s testimony to Congress reaffirmed the meeting and policy statement, the data supports that outlook, and the forecast for 2020 is steady if not edging higher. Add to […]
Dark Cloud Cover I’ve said it once and I’ll say it a thousand more times before I am through. The cryptocurrency market, when you cut out all the noise, is purely technical. This doesn’t make it easy to trade, far from it, traders who rely too heavily on those signals or expect too much to […]
The Ethereum Rally 2.0 For those of you out there still interested in Ethereum the world’s most advanced cryptocurrency isn’t dead. Far from it, in fact, after yesterday’s news it is now time to start buying ETH again. Why? What happened to make things so different? Well, the ETH development community has finally signaled when […]
Two Overlooked Assets You Should Be Trading It’s understandable that most traders who get into speculation tend to focus on currencies. Currencies are the most active market, the most liquid market, the most leveraged market, and the market with the most advertising. That doesn’t mean there are other assets to trade and ones that can […]
It’s A Good Week For Trading The charts are pointing to a good week for trading, depending on what you trading and how you trade it of course. What I mean is that it looks like markets from crypto to currency to commodities and equities are on the move. The charts are set up for […]
A Function Of Healthy Market Mechanics After surging more than 40% over the last two months Bitcoin prices are falling back. The move has now reached the -11% level and threatens to take BTC prices even lower. The good news is that lower prices are not likely, not right now. A look at the charts […]
Dollar Strengthens But Trading Ranges Dominate The dollar has begun to strengthen once again but traders should be cautious. While the dollar is indicated higher the longer-term forecast for most pairs is range-bound. While the U.S. economy is stabilizing, reducing expectations for FOMC policy changes, so to is the rest of the world. No single […]
The Tide Has Turned, Bulls Advance Bears Retreat If you are watching the cryptocurrency market you know that something has changed. There is an obvious shift in momentum that has the major coins advancing by high-single digits again today. Whether or not the bulls beat the bears does not matter, the bulls are advancing and […]
Technical Picture Brightens, Signals Abound It was just a week ago I wrote about a possible reversal in the cryptocurrency market. Some big moves in the major coins had them poised to complete some potent continuation signals and those signals paid off. Litecoin, Bitcoin, Ethereum, and even Ripple (XRP whatever you want to call it) […]