Both Gold and Bitcoin have had their moves lately. Gold is more of a confidence crisis asset, while Bitcoin right now is all about China. links below if you want to know more about both of these topics. There has always been this Gold vs Crypto debate. I think both have their uses. Human history is cycles of soft money and hard money, a battle between the...
This week is not that much eventful for the financial market however there is an exception - Friday. A block of statistics from the UK, including data on GDP and industrial production. The general slowdown in the global economy, not positive expectations of experts may well come true. The current forecast for UK GDP growth in the second quarter is 0%. That is, too...
Fundamental View: Oil prices fell almost 7% on Thursday, the most this year, as President Donald Trump’s threat to put additional 10% tariff on China hammered a market already tanking on disappointment over an inadequate U.S. interest rate cut. The fragile economy and looming oil supply surplus will almost certainly be exacerbated by the escalation of the trade...
Yesterday, several influencing decisions on easing monetary policy from the “echelon” were coming out of the Central Banks. In particular, New Zealand’s central bank cut interest rates a steep 50 basis points. The Reserve Bank of India also cut the rate by 0.35%, as well as the Bank of Thailand by 0.25%. As a result, The New Zealand Dollar has been depreciating...
Within the past couple days, President Donald Trump proposed a new tariff of 10% for the $300 billion dollar Chinese imports. This new tariff will take action on September the 1st. Markets to keep a watch from this impact include the following; SSE:000001 HSI:HSI ASX:XJO All of the above index's will have the most impacts. I believe trump has made this...
What a week so far. This week we saw the USDCNH break above the 7.00 level, something I have mentioned in my posts for Bitcoin strength. China has said this was normal, due to tariffs and fundamental reasons, while President Trump and the US Treasury think it is an act of currency manipulation. I have spoken about the US and China trade war on my blog. China is...
After China devalued the Yuan on Monday, markets were awaiting a US response. It appeared quickly enough: The U.S. Treasury Department announced late on Monday that it had determined for the first time since 1994 that China was manipulating its currency, knocking the U.S. dollar. Maybe in response to this, or maybe just to show that the fall of the renminbi on...
China loses patience. After Trump attacked China, markets have been waiting for China to the response. Sino inflicted several very strong and unpleasant hits for the United States and Trump personally. One . China lowered the value of the Yuan below its 7 to 1 peg against the dollar in response to a new series of U.S. tariffs. Thus, China partially solves the...
Trump hits Beijing with tariffs this coming September. The markets retaliate and consumers run to Bitcoin as a speculative store of value.
$ BTC officially broke down bearish trend that we had in the last month and it is going to the next barrier at $ 13,000. If this resistance level is broken, $BTC would enter in a very interesting bullish train since the next station I see most likely it is at $17,000 because it is the immediate historical resistance and because it coincides with the recovery of...
On our post earnings analysis on the 31.07 we were bullish Apple as the stock was trading at $217 and had crossed the $213.5 Fibonacci level. We were therefore expecting that Apple could potentially hit all time highs but as we feared could happen a souring of US/China trade relations has caused a sharp reversal in Apple's stock price and we have therefore fully...
Last week proved quite eventful for financial markets. More than we expected. The Federal Reserve cut its fed funds rate on Wednesday by 25 basis point to a range of 2% to 2.25%. Fed Chairman Jerome Powell said, “It's not the beginning of a long series of rate cuts,”. The current rate cut is a reaction...
Remember when POTUS said "Buy the Dip". Hes in bed with the 6 largest banks in the country clearly. And those 6 banks, also control Bitcoin. -We have been fooled AGAIN!
Heading into next week very bearish against the dollar. While the rally of last week was enjoyable if you were long on the dollar it seems the macroeconomic environment has changed and the tides may turn. On the fundamental side of things you have Trump threatening more tariffs against China, kicking off the trade war again and shocking the markets into...
After the customs tax news yesterday, it had been a steep loss on USD against JPY. Today I expect a bounce back from USD. At least to the levels between 107,787 and 108,998. RSI may start to show uptrend on hourly chart shortly.
If you follow my work, you know that I am very bullish on Gold (and Silver) and Bitcoin will also initially be doing well. As a student of the markets, history and economics, I approach everything through the lens of classical economics as opposed to mercantile economics, today called Keynesian economics. Classical economics is about hard money and low taxes,...
Yesterday, markets somehow tried to price the rate cut in and realized that the door that has been opened for a cycle of rate cuts by FED is not the beginning of a downward cycle. Therefore, the dollar continued to dominate the foreign exchange market, but the stock market was experiencing problems. We would like to draw attention to an important nuance in the...
Wave 3 of C has started after the correction. The motive wave started well after Donald Trump imposed a 10% additional tarrifs on Chinese goods which weakened the Dollar fundamentally. We are looking forward to taking profit at the Fib Projection of 1.618 zone