Several countries addressed cryptocurrencies in the past week fueling the discussion of potential regulation. Despite this, more than $2bn was raised to cryptocurrency companies and projects last month. Having raised over $300mn in June, one notable project, Solana, had an outage of around 18 hours last week.Once more, regulation is...
Macro Digest: Why now is the right time for policymakers and central banks to do…nothing!
The market is pre-occupied with the woes in the Chinese real estate sector, but my macro take remains is that China is merely dealing with the inevitable now rather than later and what is happening there will eventually happen in the rest of the world as well. And everywhere, we...
Fixed income market: the week ahead
This week it's all about central banks' monetary policies and how they are planning to pull stimulus away from the economy. US Treasuries are not pricing for a September taper announcement. Therefore, a tapering surprise could provoke 10-year yields on the way towards 1.5%. In a moderately dovish or hawkish...
USDJPY reacting at pivot, potential for drop!
Price is reacting below our pivot level at 109.985 which is in line with 78.6% Fibonacci retracement , 161.8% Fibonacci extension and descending trendline resistance. Price could potentially drop to support at 109.435, in-line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Alternatively, price may swing towards resistance at...
EURUSD short-term bullish momentum | 20th Sep 2021
Price is approaching pivot level in line with 78.6% Fibonacci projection and 78.6% Fibonacci retracement , we can expect to bounce at pivot level towards the take profit level in line with the 38.2% Fibonacci retracement level. Our short-term bullish bias is further supported by the stochastic indicator where the...
GBPUSD approaching pivot, potential for bounce!
Price is approaching pivot level at 1.36685 which, in-line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension and horizontal overlap resistance. Price may potentially drop to support at 1.36020 which is in-line with 100% Fibonacci retracement , 100% Fibonacci extension and swing low support. Stochastic is also approaching horizontal support...
CADJPY short-term bullish burst | 20th Sep 2021
Price is reacting in between the triangle pattern on the daily time frame. Price is expected to bounce from the pivot level (in line with 61.8% Fibonacci projection and 78.6% Fibonacci retracement ) towards the take profit level in line with 61.8% Fibonacci retracement and descending trendline resistance. From the...
Potential trend reversal detected in AUDUSD | 20 Sept 2021
AUDUSD is currently on a bearish momentum, we foresee a trend reversal at our target entry at 0.71976 in line with 100% Fibonacci extension and 78.6% Fibonacci retracement . Our support is placed at 0.74127 in line with 38.2% and 78.6% Fibonacci retracement . Alternatively, our stop loss will be...
Breakout Identified in AUDJPY
HMC_Trader Breakout Identified in AUDJPY SHORT Australian Dollar / Japanese Yen (FX:AUDJPY) 79.319 −0.543 −0.68% HMC_Trader 6 hours ago Trend Analysis Chart Patterns Signal ID: 77623 Time Issued: Monday, 20 September 2021 02:16:15 GMT Status: open Entry: 79.388 - 79.77 Limit: 78.964 Stop Loss: 80.489 The Breakout Opportunities system has...
COT: Speculators abandon agriculture and PGMs
Futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, September 14. A week that saw continued weakness in stocks raising the question of whether we are at the cusp of a long awaited correction. Risk adversity gave the dollar a...