Hello Traders ,
Sell setup on the DXY :
Macro Reasons :
Inflation is runing hot 5.4% yoy.
Negative real yield on US Treasuries: (-1.65%) on 5 years T-Note.
Taper base case for Goldman : is 45 % chance the FED will taper on November 2021, by $15bln per meeting speed of tapering , which is split $10bln in USTs and $5bln in MBS.
Fed will keep low rate for...
We are short on bitcoin :
Macro Reasons :
1/ Fed will started to taper : Goldman base case is 50% chance the FED will start to taper by the Nov 2021 with $15bn very month untile the September 2022.
2/ Central Banks around the world, started the QE tapering and RBNZ will the first major central bank to rise the cash rate by 50 bps in October 2021...
Credit Suisse: EUR/USD to drop substantially towards the March 2020 high at 1.1495 :
“A break below 1.1703/1.1695 would mark the completion of a large and important bearish ‘head & shoulders top’ to mark a significant change of trend lower. We would then see support initially at 1.1662 ahead of the September and November 2020 lows at 1.1612/04, which we would...
Hello Traders ;
The current current envirnement is stressing bitcoin holders , there is China's Cnetral Bank is putting presure on Crypto brokers and the Chinese governement has banned Crypto Mining activities. Also the US Financial Authorities are warning from losses of holding cryptoasset, the rise of inflation in the US Market is putting pressure on the...
While Michael SAYLOR from MicroStrategy $MSTR is loading cash by selling junk-bond debt with 6.25% to 6.5% return annualy to buy #Bitcoin , other Cryptomarket and Bitcoin bears are rumping up their bet against $BTCUSD price, as you can see on this chart the selling positions keeps piling up.
Today the US Federal Reserve has accepted a historical amount of ReverseRepo bid from banks : $485.329bln.
Banks are returning the USD cash back to FED to repossess their US treasuries coupon in order to generate some yields.
The recent comment from the FED board member are framing their comments in a Hawkish tone.
The chart is showing " Falling...
The United State Federal Reserve board members are shifting their comments to be more " Hawkish " towards the tapering of the bond buying program, here below are some of today comment made by the FED board member Robert Steven Kaplan :
" FED'S KAPLAN: IT WILL BE BENEFICIAL AND NOT SHOCKING TO SEE THE 10-YEAR YIELD RISE. "
" FED'S KAPLAN: WE...
Breaking News : ELONMUSK just gived up on Bitcoin, Tesla will no longer sell cars in exchange for Bitcoin. >> This will start a turmoil in the Cryptomarket.
Also the inflation numbers that printed today of the US enconomy for the month of April jumped to 13 years high : 4.2% ( Actual ) vs 3.8% ( Expected ) >> this pushed the US10Y above 1.7% (...
OPEC + will increase oil production during May/Jun/July.
The Canadian Dollar is commodity based currency and backed by oil price.
I expect to see the USDCAD trading higher during Q2/2021.
Trade with care.