No Longer In Doubt A few weeks ago I blogged about the Dollar Index and how it was poised to move, but maybe the market wasn’t sure which way it was going to go. The signs were slightly bullish, the forecast slightly bearish, so the way to trade was unclear. Unclear that is, until the […]
PayPal And Crypto-Consumer Trading May Be At Hand PayPal let it be known earlier this year the company was making inroads to cryptocurrency. In a message to the EU, PayPal said it was unilaterally working on tangible steps into that arena. Now, word from Coindesk suggests the global payment platform is going to partner with […]
Earnings Season Is At Hand The Q2 earnings season is underway and the signs are good for two things. The first is that, for many businesses, the quarter was much better than expected. That’s not true for all businesses, some are falling by the wayside, but enough are surviving to keep the equities market happy. […]
A Rounding Top The oil market has staged a stunning rebound since hitting the lowest level in so many years I can’t remember when. The market has been fueled by rebounding sentiment and reopening economies despite what are still high levels of supply and storage. Although the economic reopening is underway the outlook for demand […]
Dollar Outlook; Which Way Will It Go, George? The Dollar Index has been trying to establish direction for a couple of weeks now and it may be on the verge of the next big move. At one point I was very bullish on the rebound but soon became less sanguine. Now, the index has more-or-less […]
Delayed, Again, When Will It Ever Come Despite being delayed again Vitalik Buterin says ETH 2.0 is still on track to begin launching in 2020. I say begin launching because even the upgrade, more than three years in coming, will take at least three phases. The first phase, slated for later this year, is called […]
Man What A Jobs Number! The NFP figure was released today and boy was it ever a big one. The headline figure came in at 4.8 million and well above the consensus figure. When you add in the revisions to previous months the figure is closer to 4.9 million and just shy of the 5 […]
Oil Markets Are Rising The oil price war and COVID-19 pandemic certainly put a hurting on the oil markets. The price of WTI and Brent fell to multi-year lows counted in terms of decades showing just how unstable the market was. Not only was supply high, production and capacity were near record levels while demand […]
I’m Not So Sure About This Rebound The Dollar Index hit a bottom recently and began a reversal. I myself have expounded on the idea even calling for the possibility of a full reversal. What I’m seeing now, however, isn’t all that bullish despite an appearance of strength. I think traders should be cautious with […]
Ethereum Is A Buy, Buy, Buy The crypto market has been in a consolidation over the past month or so that, quite frankly, starting to outlive its welcome. Coins like Bitcoin and Ethereum corrected from their freshly set highs only to languish along support waiting for …. something. Well, I don’t know if that something […]