China? A Market Manipulator? No Way… Bitcoin popped over the weekend after China’s President Xi Jinping gave his endorsement to cryptocurrency. The endorsement, no doubt, is meant to establish China as a cryptocurrency-powerhouse and propel a China-backed coin into the spotlight. Whatever the reason, Bitcoin and the pantheon of cryptocurrencies bot a major boost from […]
Draghi’s Warnings Tank Euro Outgoing ECB Chief Mario Draghi did not produce additional stimulus at his final meeting but he did leave the bank and the EU with a warning. Ongoing weakness in global economies associated with but not limited to impacts from the U.S./China trade war threaten EU stability. If further actions are not […]
There Are Less Than 375,000 Bitcoins Left To Be Mined Before The Halvening Yes, it’s that close. There are less than 375,000 Bitcoin left until the halvening. That’s really not that many. Only enough to last until May 14th, 2020. At that time the supply of new Bitcoins will be cut in half. That is […]
Got Scammed? Sure We Can Help … If there is one thing everyone can agree on about binary options is that the industry was and is full of scams. There are scam brokers, scam managers, scam reviews, scam signals, scam services, and even scam regulators. The good news is that most of these scams have […]
Brexit Looms, Fears Increase, BOE In The Wings In light of recent events I feel it is timely for me to review the pound and pound-based trading pairs. The EU and UK negotiators announced a new Brexit deal just a day or two ago and in that time a serious rally in the pound hit […]
The SPX Is On The Cusp Of Correction The global stock markets are under a lot of pressure right now. It all stems from the Trade War and the uncertainty surrounding global economic activity. The reason for the correction is going to be earnings. Earnings are what drives the market to new highs, when earnings […]
It Looks Like Bitcoin Is Bottoming After a long and protracted 3.5 month consolidation process it looks like Bitcoin is bottoming. The token fell to hit an almost four-month low over the weekend and has since bounced back. The bounce-back is not super strong, it didn’t form a double-digit percentage increase, but it doesn’t have […]
Strong NFP Points To Strong Economy The Dollar Index set a new high last week and has since retreat. The retreat was sparked by profit-takers but driven, in the end, by an increased outlook for both recession and FOMC rate cuts. The reason is simple, Manufacturing and Services were both weaker than expected and point […]
The Bitcoin Market Is Breaking Down The Bitcoin market did not rally from the $9,000 level as expected. On the contrary, the world’s leading cryptocurrency broke through support and looks like it could take another plunge. The token is undergoing an intense round of profit taking that, I think, is lingering HODL’rs leftover from the […]
Rate Cuts Are “Plausible” The pound weakened versus the world’s major currencies after another dovish cry from the BOE. Monetary Policy Committee member Michael Saunders says it is plausible the BOE could lower rates at the next meeting. The news is not a surprise, many in the community have been expecting a cut for some […]