I thought we were tapering are we not?!? The Fed added $126 Billion to the balance sheet the past 2 weeks in time for Santa rally ensuring a record high $SPX. +$33B added this week for a new high of $8.79Trillion!!
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around around 1.128 zone. We have 1.123 as a first station for scalping lovers, and 1.09 zone for swing traders. one of the reasons i'm thinking about this trade is the bullish momentum i've noticed on DXY chart. and fed Powell being Hawkish in order to control inflation is...
A little while ago I argued that virtual estate and real estate were inversely correlated -- as seen in the Evergrande example in China where Evergrande stock and MANA coin criss-crossed each other in terms of its ROI. It's yet to be seen how this will play out in the US real estate market but it seems likely that we'll start to see similar patterns emerge as time...
2021 saw the U.S. dollar strengthen in anticipation of the Federal Reserve potentially raising interest rates, a possibility which became a reality yesterday as up to 3 hikes were announced to take place in 2022! BUY THE RUMOUR, SELL THE FACT! FUNDAMENTALS: The odds that the Federal Reserve can successfully reduce its balance sheet to even pre-2020 levels with...
Ethereum got a huge lift from the FOMC statement yesterday. We rallied from lows at $3646, finding support at our level exactly. We've since regained the $4K handle, if but barely. We appear to be hanging on by a thread at support at $4020. Two red triangles on the KRI suggest resistance here. The Kovach OBV has turned sharply bullish, but is leveling off...
Bitcoin rallied off the FOMC statement yesterday which was a first for crypto, and confirms the maturity of this product. Larger institutional investment and the influence of derivatives on the crypto market are the likely reasons for this rally, which demonstrate that macro events effecting traditional market instruments like stocks, bonds, forex, etc. are now...
The US dollar index soared with the FOMC statement yesterday, but has since cooled off, feeling out lower levels. We seem to have broken through a trendline connecting lows on this lower bound, but appear to have found support at 96.24, the lowest technical level in the 96 handle, and intersection of our trendline. We should have strong support from 96.24, but...
The USDCAD started falling after FED's December policy decision. The reversal was elucidated by the breakdown below the ascending channel and the 38.2 per cent Fibonacci retracement level at 1.28117. The next target for the new downtrend is the 61.8 per cent Fibonacci at 1.27336, with the intermediate support level at 1.27500. The latter is underscored by the...
Doubling the pace of QE tapering The Federal Reserve ended its final monetary policy meeting for the year with a bang. While holding interest rate unchanged at the target range of 0-0.25%, the central bank doubled the pace of quantitative easing (QE) tapering from the current $15 billion ($10 billion of Treasury securities + $5 billion of agency mortgage-backed...
Just after the feds meeting on tuesday dec 14, i anticipated a buy the news opportunity but decided to wait untill today( dec 15). I went to the BTC/ETH daily chart and tried to spot potential buying opportunities and to my greatest amaze for the first time in my short crypto trading life i had spotted a bullish divergence on the RSI oscillator on the daily chart....
In this video: * We discuss Fed potentialities and future actions * What will the Fed do to tackle debt? * What will the Fed do to tackle inflation? * How this will influence market sentiments? * How the Fed will alleviate fears? * How this spills over into the crypto space and influences sentiment here.
SHORTING EU! Brief Technical Analysis: - Bearish Flag forming on the H8/Daily TF - Nice impulse to the downside breaking past 1.13000 - Retest of the round psychological number 1.13000 - 61.8 Fib level lines up with previous stated confluences - 3rd touch of trendline on H1 timeframe Brief Fundamental Analysis on the currency pair: - ECB aren't looking to...
The TOTAL CRYPTO MARKET CAP is found on a pretty strong support, where we have $2.153T and $1.965T as Monthly supports, and $1.963T as weekly support. The recent dump took it all the way down to the Monthly and weekly support of $1.96T, where we got a bounce pretty quick. There is a possibility that we could slowly test the $1.96T again in the few next days. A...
AAPL stock is currently vertical, see way too many traders asking "should I sell my AAPL calls" or "its going to $200." - "its going to 3T market cap" reminds me of the last time it was around 2T mc and tanked. Funds buying large amounts of weekly calls always leads retail into a trap, they do this because in the interim they are planning to offload shares. Market...
Technical Analysis and Outlook The Main Trend is currently reignited - with obsoletion of Key Res 4705; the Spooz is on its way to Outer Index Rally 4775 with the incentive of takeout all-time high 4744. The Mean Sup 4670 go-between buying opportunity.
Bonds have continued their slow decline trough support at 130'07 and are hovering just above 130'00. We are starting to see support form in the middle of the vacuum zone between these two levels, confirmed by two green triangles forming on the KRI. Both Kovach momentum indicators have dropped precipitously, which might indicate that we are staring to become...
Please don't make this political it's not. I could not care less about politics. Never mix your politics with Macro Economics! Political economic theories are a joke and no one who is serious should ever subscribe to them. Always let the data tell you what is really going on, never tell the data what is going on. That's the difference! FED's dual mandate of...
As I have long argued Reverse Repos were used to unwind QE by selling them in the open market (meaning short bonds). As such we have been tapering for over 8 months now and the yield curve has collapsed. Expect RR to drop when the FED starts to taper going into a slowing economy. The simple truth is that the market always finds a way to self-correct. The...