Michael Hodges

Cryptocurrency Market Forecast, Consolidation Coming To An End

Jul. 26, 2019

Bitcoin Bottoming Action Points To Big Gains Ahead The cryptocurrency market correction is a month old now and beginning to look like upward pressure is coming back. The correction wiped 25% off the value of BTC/USD which isn’t much, not in relation to past corrections. The good news is that bottoming is becoming evident within […]

Monthly Forex Market Forecast; Dollar, Euro, Pound, Yen

Jul. 22, 2019

The FOMC Is On Tap The FOMC is going to be a mega-market mover next week when it decides to cut rates, or not. The market has a lot of expectations built into the meeting and one of them is aggressive rate cuts, as many as three by the end of the year. In my […]

Ethereum Price Correction; This Is How To Profit

Jul. 19, 2019

Ethereum Upgrade May Not Be Forthcoming The entire cryptocurrency market entered a correction in tandem with Washington’s probe of Facebook’s Libra plans. While Libra is not that important in the grand scheme of things it is a catalyst for selling the market has acted on. No where is this correction more evident than with Ethereum, […]

A Big Week For The Dollar, This Is How To Profit

Jul. 15, 2019

This Is A Big Week For Dollar Traders, Be Ware! This is going to be a big week for the dollar. The market is expecting an FOMC rate cut in two weeks, this week’s news could reinforce or alter that perception. The Fed Chief Jerome Powell opened the door to a rate cut at his […]

This Bitcoin Consolidation Is A Signal For Big Profit

Jul. 12, 2019

Bitcoin Price Action Is Bullish The Bitcoin price action of late is bullish. The world’s reserve cryptocurrency has been consolidating near recent highs after break a significant resistance level. The move bears the hallmarks of a triangle/flag-pattern but one of great magnitude. The consolidation has already been underway for three weeks and may go on […]

The Dollar Moves Higher, But …

Jul. 08, 2019

Rate Cut Hopes Fade The Dollar Index is moving higher as hopes for a Fed rate cut fade. The reason is simple, the NFP report was much stronger than expected and suggest the US economy hasn’t weakened too much. Global activity is slowing, US activity has too, the catch is that market expectation got ahead […]

Monthly Cryptocurrency Market Update; Consolidation Is In Effect

Jul. 05, 2019

The Cryptocurrency Market Is Consolidating The cryptocurrency market has had an impressive run higher this year. Most coins count their gains in the triple digits and there is reason to believe the run is not over, bigger gains are on the way. There are several drivers for the rally but the one I see as […]

Don’t Call It A Truce, This Is Why You Should Fade The Rally

Jul. 01, 2019

U.S. Equities Surge After The Trump/Xi Trade Truce The U.S. equities surge to a new all-time high following the announced trade truce between President’s Trump and Xi. The truce means the two leaders will not impose new tariffs on each others goods, that restrictions on Huawei will be eased, and that negotiations between China and […]

This Is Why Bitcoin’s Big Rally Is Not Over

Jun. 28, 2019

Resistance? Correction? It’s A Good Thing Bitcoin crossed the $12,000 threshold earlier this week in a move that can only be called Ballistic. The world’s leading digital currency gained more than $2,000 in less than 24 hours, moved up to set a new 17 month high, but was not able to hold the gains. Not […]

What To Watch In The Week Ahead

Jun. 24, 2019

Central Banks Turn Dovish, Data More Important Than Ever We just had a whirlwind round of central bank meetings, press conferences, and surprise comments. The general consensus among the world’s money-supply chiefs is that easing is on the horizon. The impact of trade tariffs, the U.S./China trade war, and geopolitical instability in the EU, Middle […]