Nouriel Roubini, also known as Dr. Doom, warned about the 2008 Global Financial Crisis. He now warns about one coming in 2020 and sees a critical role for Bitcoin. The cryptocurrency will be used by institutional investors as an alternative store of value as trust in other assets will fall. Where next for the BTC/USD? The Technical […]
Dax is trading lower or sideways I should say since 2018, and at the moment it is in strong negative correlation with SP500 if we consider that US stocks are at ATH. But this divergence has been the case several times through the past few years so this is not any real big issue yet, […]
TigerWit Limited, a UK-headquartered global financial technology company, today launched its blockchain-based trading app and announced a partnership with Liverpool FC. As the ‘Official Foreign Exchange Trading Partner of Liverpool FC’ the sponsorship agreement provides TigerWit with a high-profile opportunity to increase its brand recognition. This visibility should drive downloads of its innovative new trading […]
NAFTA, the tripartite North American Free Trade Agreement between Canada, Mexico, and the United States, is in the process of a significant overhaul. On the heels of a deal between the US and Mexico, US and Canadian officials are negotiating their own deal to complete the NAFTA agreement. But with recent acrimony between Ottawa and […]
The EUR/USD kicked off the week by consolidating Friday’s slide from the highs. Developments on the trade front are eyed. The technical picture remains positive, but the momentum is lost. The EUR/USD is trading in the mid 1.1600s; slightly higher in the wake of the new week. The pair lost ground on Friday due to several reasons. […]
FX Strategists at UOB Group remain neutral on spot and expect a test of the 1.1790 area in the next weeks. Key Quotes 24-hour view: “We were of the view last Friday that the “rally is running ahead of itself” but added there is scope for EUR to “test 1.1735 first before it should settle […]
An upbeat atmosphere in markets sent the USD/JPY higher. While dark clouds are gathering around trade issues, the technical picture remains mostly positive for the pair. The Technical Confluences Indicator shows that the dollar/yen has significant support at 111.72, which is the convergence of the Fibonacci 38.2% one-week and the Bolinger Band 4h-Middle. Further down, 111.42 is an even more robust […]
IS the Fed’s policy hawkish or dovish? We dive into the US economy and the central bank’s policy which impacts global markets and then move to oil prices. You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. Ahead of the Fed: The US economy is doing well, well, on most figures. But where […]
Dollar/yen advanced nicely as trade wars took a step back, US yields climbed and the Fed remained hawkish. But not everything is going in favor of the pair. USD/JPY fundamental movers Fewer concerns but also a potential change of policy by the BOJ The deadline came and went and the US did not impose new tariffs on China. […]
The Australian dollar reached new lows but managed to recover as the market mood improved. What’s next? The RBA Meeting Minutes stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. Australia enjoyed a gain of 44K jobs in August, nearly triple the expectations. Another boost to the Aussie came from […]