Brexit Certainty Grows The British Pound is on the move. The pound has broken out versus the U.S. dollar and setting new highs versus the Eurodollar. While economic uncertainty persists, the move is driven by the growing certainty of a smooth Brexit early next year. After three years of political wrangling, what has changed to […]
The Bitcoin Market Is Turning Bullish, But How Long Can It Last? The Bitcoin market has been drifting lower desperately in search of support for some time. The world’s leading cryptocurrency made a stunning recovery earlier this year and then gave up half the gains with equal quickness. Bitcoin has hit, and smashed through, several […]
An Unlikely Catalyst The relationship between Hong Kong and the U.S. dollar is tenuous at best and yet the one is leading to a rally in the other. The results of Hong Kong’s elections resulted in an overwhelming win for pro-democracy candidates. The results are a warning shot to the establishment (China) that its policies […]
All Wound Up And Waiting For A Catalyst The currency market is getting wound up and that is a great thing for traders. The amount of confusion in the market driven by trade war, slowing economic indicators, Brexit, and uncertain central bank policy has weak hands chasing news trying to get on the right side […]
No Catalysts In Sight; Bitcoin Moves Lower With no catatlysts in sight it is very likely Bitcoin will move lower. As Bitcoin goes so too does the Crytpocurrency market. Traders need to be prepared for lower prices and I don’t just mean with your bearish positions. The next move lower is going to test key […]
The U.S. Dollar Index Is Back To Support The U.S. Dollar Index (DXY) has been effecting a textbook double-bottom reversal over the past month. This bottom was driven by 1) a misplaced expectation for aggressive FOMC rate cuts 2) A shifting Fed policy-stance and 3) positive U.S. economic data. This combination of factors cause the […]
Bitcoin Break Out Rejected By Bears, Bulls In Trouble Bitcoin made a solid advance over the weekend in what at first looked like a solid bounce from support. Price action move up and out of the recent, narrowing, trading range and set the world’s leading cryptocurrency up for a rally. Unfortunately, the break out did […]
Double Bottom Is Confirmed, A Retest Of Highs Is At Hand The FOMC have done their work. The committed said it won’t raise or lower rates without a significant change in inflation and that is underpinning dollar strength. The Dollar Index moved higher over the last week and didn’t just confirm the Double Bottom I’ve […]
Cryptocurrency Market Simmers, Waiting For Catalyst With Bitcoin prices wallowing at their new support level traders are waiting for the next catalyst. The most likely culprit will be the halvening next year but that doesn’t mean that aren’t trades to be made before then. Ethereum; Moving Up From A Bottom Ethereum is consolidating above its […]
The US Dollar Forecast Is Bullish The U.S. dollar forecast is bullish. The index has been under pressure in recent weeks but that is over. The FOMCs new policy stance says no more cuts, the latest round of labor data supports that view, and he Dollar Index is showing signs of reversing. The chart is in […]