Michael Hodges

Forex Market Outlook: Central Banks Coming Back Into Focus

Aug. 30, 2019

Easy Money Policy, It’s Back To say easy money policy is back is a misstatement. Easy money policy never really went away. Policy has been tightened in a few countries, specifically the U.S., and some other countries had been on target to tighten, but by no means is or was global monetary policy “tight”. That […]

Dollar Bulls Cheer, FOMC Rate Cuts Are No Guarantee

Aug. 23, 2019

Jerome Powell Not So Dovish Jerome Powell’s comments at the Jackson Hole Federal Reserve Symposium failed to match the market’s expectations. The market is counting in an aggressive rate-cutting cycle and that is just not what the Fed is looking at. The remarks, the opening speech for the Symposium, cite mounting global worries, the impacts […]

Another Reason Why Bitcoin Is Going To Keep Moving Higher

Aug. 19, 2019

Weaker Currency Means More Valuable Cryptocurrency If there wasn’t enough to drive the price of Bitcoin higher another catalysts for rising prices is emerging; easy money policy. Central banks around the world are gearing up to issue economic stimulus in an attempt to stave off the growth-slowing effects of the U.S./China trade war. Over the […]

The S&P 500 Is Going To Move Much, Much Lower

Aug. 16, 2019

The S&P 500 Is On The Brink Of Major Collapse The S&P 500 is going to move much, much lower. The broad market index has been pushed to it’s breaking point and frankly, I think the cracks are already showing. The underlying fundamental conditions remain positive, it’s not like we’re in a recession, but the […]

The Dollar Oultook; Bears Rule The Market

Aug. 12, 2019

The Dollar Is Set To Move Lower, FOMC Outlook Dovish The Dollar Index is set to move lower. Last week the daily chart candles broke through support at the top of a previous trading range. This week the index is already confirming resistance at that level and the indications are bearish. Driving the move is […]

Hash Rate And Dominance Are Why Bitcoin Prices Are About To Explode

Aug. 09, 2019

Bitcoin, It’s About To Have A Major Rally Cryptocurrency market has been languishing over the last two months. The rally driven by Litecoin’s halvening petered out in mid-June and just never got is impetus back. That is, for most cryptocurrencies except Bitcoin. While Litecoin, Ethereum, and Ripple have been testing for support and bobbing along […]

Reversal In The Dollar And How You Can Profit

Aug. 05, 2019

The Trade War Escalates Over the course of the last week the dollar has shot to a new high, hit resistance, and fallen back to support. The move was driven by data, shifting FOMC policy outlook, the FOMC statement, and now, escalating trade war conditions. What we have for certain is a dollar with increasing […]

The Bitcoin Bull Market Bounce Back

Aug. 02, 2019

The Bitcoin Bull – It’s Ba-aaaack… The Bitcoin bull market of 2019 has been sleeping. The mighty beast set a high earlier this year and the effort wore it out. The high is just shy of $14,000, the move more than six months in the making, so it is no wonder the market needed to […]

This Is Why You Shouldn’t Be Bearish On The Dollar

Jul. 29, 2019

The FOMC Is Set To Cut Rates The FOMC is set to cut rates this week but traders should not expect the dollar to fall. While rate cuts are typically a currency-weakening event this cut is compounded by misplaced expectations and offset by dovishness from other central banks. The risk for traders is two-fold. First, […]