Category: Market Moment
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![Stock markets fall under pressure as oil prices hit their highest levels in 2023]()
Stock markets fall under pressure as oil prices hit their highest levels in 2023
I have been updating my readers on the technical pattern on oil. The energy sector is bullish and the technicals are indicating more upside. The stock markets are falling on fears of an inflation surprise uptick. Oil is the lifeblood of the economy and higher oil prices means higher transportation costs. Costs which will be…
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![Oil prices rise as Russia and Saudi Arabia extend production cuts]()
Oil prices rise as Russia and Saudi Arabia extend production cuts
The recent rise in oil prices might be to blame for the failure of stock markets to extend their momentum. Oil prices are rising as Summer nears an end and investors are worried that higher prices will translate to an uptick in inflation data. This means hawkish central banks… and the possibility that interest rates…
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![Bitcoin tests critical intraday support. Is the Grayscale catalyst fading?]()
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…
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![Ethereum Rips on London Fork EIP 1559, Smoothing Transactions and Gaslight Fees.]()
Ethereum Rips on London Fork EIP 1559, Smoothing Transactions and Gaslight Fees.
I don’t like to be the guy to say “I told you so”, but DAMN! I told you so! From a technical perspective, all the stars were aligned for Ethereum to rip higher! When you approach trading as a business of probabilities, the goal is to align as MANY positive confluences as possible! If you…
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![US Senate Passes $1.9 Trillion Relief Stimulus Bill; How will the Stock Markets React?]()
US Senate Passes $1.9 Trillion Relief Stimulus Bill; How will the Stock Markets React?
A $1.9 Trillion Dollar Stimulus Bill was approved by the US Senate over the weekend, and is now expected to pass the House tomorrow. How will Stocks react? Stocks have recovered overnight and into this mornings trading session from Friday’s lows, but certain markets display different signs.
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![US Fed pledges ongoing market support: My thoughts on Powell and the money printing machine]()
US Fed pledges ongoing market support: My thoughts on Powell and the money printing machine
It was more of the same from Fed chair Powell. He has pledged to support the US recovery but warns it will be a long road. I break down what we were already expecting the Fed to say and how this will impact the markets. Also, I will highlight some things that caught my attention.
