19 December 2024

Category: Finance

Bitcoin tests critical intraday support. Is the Grayscale catalyst fading?

The bitcoin move on Tuesday August 29th 2023 had the crypto bulls excited. The catalyst? The US Court of Appeals for the D.C Circuit siding with Grayscale in a lawsuit against the Securities and Exchange Commission (SEC) which had denied the Company’s application to convert the Grayscale Bitcoin Trust to an ETF. Bitcoin, Ethereum and…

31 August 2023
Jerome Powell signals higher rates may be needed

When Nvidia blew out earnings, many saw it as a catalyst to see stock markets break out higher. However, certain technical patterns and levels I have been highlighting in my Market Moment articles told my readers and I that the downtrend was not over. This, I believe, is the power of technical analysis. But fundamental…

28 August 2023
Bitcoin tumbles on Elon Musk’s SpaceX dumps holdings

Last month, I gave readers my Bitcoin analysis and highlighted key levels. At that time, Bitcoin was testing a key resistance zone and after weeks of futile attempts to break through, the sellers piled in. There was one key breakdown of critical support which then turned my mood bearish. This is the chart and projection…

21 August 2023
China is bringing down global stock markets! A ‘ticking time bomb’?

Most investors and traders tend to focus on US and Western headlines when it comes to providing a reason for a stock market move. But as I have written about in the past, Asia is becoming more important for various reasons. We have Japan with the Bank of Japan and the potential to impact global…

15 August 2023
Stock markets rattled as US banks get downgraded

Recession. Inflation. Soft landing. Interest Rates. The Federal Reserve. The Federal Reserve is near the end of rate hikes. Earnings. Geopolitics. I am sure I have forgotten something as we look at all the factors impacting market narratives. Oh yes! Do you remember a few months ago when regional banks were making headlines? A few…

8 August 2023
Bank of Japan tweaks yield curve control policy!

Japan has been on investor’s radars recently. It all began with Warren Buffett, who has increased his holdings in Japanese trading houses, known as the Sogo Shosha. Whatever the Oracle of Omaha does tends to generate a lot of interest from institutions. And you cannot blame them. Buffett has quite the track record, some saying…

1 August 2023
The Federal Reserve raises interest rates to highest level since 2001

The Federal Reserve previously said that there will be two more interest rate hikes by the end of the year. Well the Fed has kept their promise so far by raising interest rates in the July meeting, taking rates to 5.25%-5.50%, the highest level since 2001. A 25 basis point hike which was expected by…

28 July 2023
Bitcoin to $180k? Breaks critical support ahead of Fed rate decision

Bitcoin bulls are excited about Fundstrat’s prediction for $180,000 bitcoin before the April 2024 halving. To put that in perspective, that would be a 500% plus move from current prices in less than 12 months if the prediction comes true. The reason? Supply and demand. Currently, bitcoin’s daily demand is $25 million and is just…

25 July 2023
XRP wins partial victory in SEC case. What is the next move?

Go to YouTube and search XRP. First of all, you may run into my video which I will post below. But notice the titles. Many of them are celebrating the latest fundamental news which came out last week and saw XRP close over 70% higher on the day. Titles of “How much XRP do you…

19 July 2023
US dollar pukes as inflation rises at slowest pace since March 2021

Well… it appears as if we are going full risk on. The US dollar is selling off and we are seeing a rise in metals, commodities, big potential breaks in the currency markets, and yes, a nice move in the stock markets. But can this move be sustained? What was the trigger for these early…

12 July 2023