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US Dollar And Bitcoin Commentary

US Dollar And Bitcoin Commentary

USD Falls Following Jobs DataBitcoin prices are back in the green on Monday with BTC futures breaking out to fresh all-time highs. The move comes amidst a weakening of the US Dollar on the back of a mixed set of US jobs data on Friday. While the headline NFP reading came in above expectations at […]
Amidst Pervasive Bullish Sentiment, Signs Of Exhaustion Show Up In US Equity Indices

Amidst Pervasive Bullish Sentiment, Signs Of Exhaustion Show Up In US Equity Indices

Amidst ecstatic bullish sentiment, major US equity indices last week exhibited signs of exhaustion. Confirmation is needed, but equity bears may have an opening here – duration and magnitude notwithstanding.PixabayAmidst ecstatic bullish sentiment, major US equity indices last week exhibited signs of exhaustion. Confirmation is needed, but equity bears may have an opening here – […]
Two Definitions Of Bubbles

Two Definitions Of Bubbles

An old Noah Smith Bloomberg column reminds me of how definitions can lead us astray.PixabaySmith points out that (in 2018) Bitcoin prices had recently crashed, after previously soaring to a peak of $19,000. He acknowledges that Bitcoin prices might boom again in the future, but nonetheless defines this as a “bubble”: But for ordinary investors, who don’t […]
ETFs With A High Closure Risk—The ETF Death List

ETFs With A High Closure Risk—The ETF Death List

The risk that a fund or ETF gets closed is a real risk as one can see from statistics on the activity of fund/ETF promoters regarding product closures (mergers and liquidations) and launches.Pexels But why is an unexpected fund/ETF closure a risk for investors? First of all, an investor may not find an appropriate replacement for […]
Bitcoin Soars Past $71k To New All-time High, Will It Hit $100k In 2024?

Bitcoin Soars Past $71k To New All-time High, Will It Hit $100k In 2024?

Bitcoin has obliterated all previous benchmarks to set a new all-time high of $71,092 on the Bitstamp exchange.This unprecedented surge comes at a time when the cryptocurrency industry is witnessing increased mainstream adoption and a significant influx of investments from both retail and institutional players. Bitcoin ETFs shineThe achievement follows the approval of several spot Bitcoin […]
Yield Differentials And Policy Divergence

Yield Differentials And Policy Divergence

Image Source: Pixabay  Market odds for an earlier Fed rate cut have inched back up after Friday’s US unemployment rate rose. This had also followed some dovish testimony from the Fed Chair earlier on in the previous week. Monday’s calendar is rather quiet for the remainder of the day, with no first tier risk on the […]
Japan Avoids A Technical Recession, But GDP Disappoints

Japan Avoids A Technical Recession, But GDP Disappoints

Japan’s fourth quarter GDP was revised up to avoid a technical recession, and yet it still missed market expectations. We believe sluggish private consumption should remain a concern for the BoJ in order to change its policy direction. We therefore see a higher chance of a policy change in April than in March.BingStrong exports and non-residential investment led the […]
FX Daily: Data Versus Powell, Round Two

FX Daily: Data Versus Powell, Round Two

Image Source: Unsplash  The dovish-perceived testimony by Fed Chair Jerome Powell last week shifted all attention to US data. The first input, US jobs data, raised more concerns about data quality than answering questions on the labor market. We expect a 0.3% MoM core CPI this week, which remains inconsistent with a cut before June and can offer the dollar some […]
Dare To Be Different

Dare To Be Different

I skate to where the puck is going to be, not where it has been. Wayne Gretzky BingI took my wife to dinner Saturday night at a local, boutique hotel. The Willcox Hotel was established in the late 19th century to cater to the Winter Colony of wealthy northerners who spent their winters in South Carolina. Today it […]
Elliott Wave Technical Analysis: Bitcoin – Monday, March 11

Elliott Wave Technical Analysis: Bitcoin – Monday, March 11

Image Source: Pexels  Elliott Wave Analysis TradingLounge Daily Chart, 11 March 2024.Bitcoin/U.S. Dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: wave (III)Wave Cancel invalid level: 31046.25Details: The five-wave increase in wave (III) may be complete Watch out for CorrectiveBitcoin/U.S. Dollar(BTCUSD)Trading Strategy:Bitcoin’s rise continues higher From the rise of the third […]