CME: Bitcoin Weekly Futures ( MIL:BFF )
On Thursday, October 10th, The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% on a seasonally adjusted basis, the same increase as in August and July. Over the last 12 months, the all-items index increased 2.4% before seasonal adjustment.
However, the...
CME: USD/Offshore RMB Futures ( CME:CNH1! )
Last week, I discussed how China’s huge stimulus package, coupled with the Fed’s supersized rate cut, could improve global energy demand and lift crude oil higher.
As soon as the stimulus was announced, China’s stock market staged a huge rally. The Shanghai Stock Exchange (SSE) index moved from below 2,800 on...
Just as expected Bitcoin is being rejected from the 200MA.
Bulls still appear to be in control, so we should test the .618 Fib ~$65k.
The real line in the sand is breaking through the trendline ~$68k.
IF we close above that, the bulla will be in full swing!
I'm still keeping 10% cash on the sidelines regardless for one last generational buy opp, although those...
Ahead of the Fed meeting Wednesday the market was pretty much 50/50 split on whether the fed funds rate would be cut by 25 or 50 basis points. After the 50bps announcement the counter intuitive move occurred, which was rates began rising, but this should have been a surprise. This was as straight forward "buy the rumor, sell the news" gets. Today however it...
Market Update - September 20th, 2024
Takeaways
The Federal Reserve cuts rates: The Federal Reserve announced Wednesday it will cut the federal benchmark interest rate by a half-percentage point (50 basis points), lowering the range to between 4.75% and 5%. Crypto markets responded well to the move, with the price of bitcoin pushing past $63,000.
US...
S&P 500 forecast: The US stock market has shown impressive resilience following the recent volatility. Investors, thrilled by the Federal Reserve’s outsized rate cut, have pushed index futures higher. However, there are mixed opinions about what lies ahead. For now, it looks the S&P 500 will finish the week at a fresh record high.
Fed’s Rate Cut and Its Impact...
Central bank bros met traders’ loftiest expectations with a half-point cut to interest rates on Wednesday. But is that too good to be true and maybe even a signal of some problems with the US economy and looming fears over at the Fed?
Trading today isn’t the same as trading yesterday. Even though prices don’t really confirm it — there wasn’t a super-duper rally...
THE KOG REPORT – FOMC
This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...
FOMC + Rate cuts in T-minus 3 Hrs EST.
Blue box = Bullish stocks / weak dxy 20,200 levels towards ATH
Red box = Bearish stocks/ strong dxy 18,300 levels towards last correction
Current price: 19468
Pick a pill...
Massive 6% move up today for Bitcoin in anticipation for a 50 bps rate cut tomorrow.
CRYPTOCAP:BTC smashed through the 50D MA and back into the BMSB.
However don’t be fooled; we are still very much in a downtrend as you see the 50MA is well below the 200MA.
We could see price break through the BMSB and reject from the 200MA in the next 48 hours.
There’s...
The Federal Reserve’s upcoming rate decision is teetering on a knife’s edge, with the odds of a significant cut climbing. According to the CME’s FedWatch tool, the chances of a 25 or 50-basis-point reduction are now evenly split at 50-50.
The decision from the cental bank comes in on Wednesday.
Former New York Fed President Bill Dudley, speaking last week,...
Last weeks high: $59,829.20
Last weeks low: $52,551.34
Midpoint: $56,190.27
More sell-off last week in the crypto markets, very tough market conditions continue, hitting the $52,000 bullish OB+ again, the first time being exactly one month before.
This area had held as support previously but it needs to hold this time around too, failing that $50,000 is the...
TLT bullish trend into 100 resistance with major Fed decisions coming in the next weeks/months. Has a gap to fill on the way to highest pt
Pts are 98.30, 98.70, and 100+
- Shifted narrative from inflation to labor market
- Data suggests Fed is very behind the curve
- Jackson Hole
- FOMC
I am Seeing a price crash and "V-Shape" recovery in the cards for the SUI price chart. Diamond pattern formation will break to the downside for a measured move down to the 1.618 fib extension. Fed emergency rate cut will reverse the markets back upwards into the US Elections.
Lower buy target @ or around 0.272
DXY can see some correction to the upside and reach 102.5 or even climb up to 103.5 before September 18, 2024, which, most probably we'll see the first rate cut after a long time.
So be patient and wait for this week's NFP.
Check out my post on June 11 to see how DXY followed our yellow scenario. 😉
TBT is an inverse 20 year Treasury Bill ETF. At present, the Iran Israeli conflict threatens a
regional conflict to include the Red Sea and the Easter Mediterranean where oil tankers must
navigate to move oil from producer to consumer. Oil price escalation could go hand and hand
with geopolitical escalations. Oil and its derivatives are a primary driver of...
