Bitcoin bounces off $25246.29 which is the new resistance. Btc is down -60.74% since march 21th & I currently see it dropping another 100% in the coming months the way the chart is structured currently.
Rising US yields are applying a visible downside pressure on the pricing of cryptocurrencies. The latter hints that this alternative asset class may not be immune...
Analysts at MUFG Bank, point out that hard landing fears and a hawkish Swiss National Bank (SNB) favor further Swiss franc outperformance. According to them, the Swissy should continue to benefit from the SNB’s desire to dampen upside inflation risks both through faster rate hikes and tolerating a stronger currency.
“The CHF has been the top performing G10...
Gold has been suffering the last few month due to a very hawkish Fed trying to get inflation under control. Gold topped out on march 8th 2022 & is down -17.6% since then. The US CPI YOY came in yesterday at +8.3% beating expectations of 8.1% , the CPI ex food & energy also beat expectations coming in at +6.3% vs a 6.1% consensus. This fueled a rally in the USD as...
Like I previously mentioned in my other published idea title BOLD GOLD, because of the hawkish fed and raising inflation The USD is stronger than most if not all G7 currencies. As a result commodities & commodity currencies across the board is selling off such as the NZD & AUD, they may be the weakest currencies crossed w the USD. Last week I sold this pair at...
OANDA:CADJPY
Last week we saw CAD move +109 pips & as you can see on the charts i banked +81 pips out of that move. To give you'll some perspective on why i expect more CAD bullish moves in the near term , as we all know the fed is determined to get inflation to average above 2% and low interest rates for the next 3 years. To achieve that a lot more money would...
FX:USDCNH
USDCNH drops below 6.6917, down 0.39% intraday. China will not only overcome the coronavirus pandemic but will also aim to become the world's largest economy which could be favouring USDCNH bears. ( China's communist party 2020 GDP to exceed 100 TRILLION YUAN)
A clear break of the one week old support line could drag USDCNH prices towards the monthly...
TVC:SPX
Last week we saw S&P slowly declined back towards 3423.0 around my support levels even though we were getting fairly positive news regarding the stimulus package. I think that's because of the uncertainty around it being passed by congress before election, but im very much still bullish on the S&P. It's currently ranging between 3477.7 (Resistance) &...
