Market Update - October 13
US consumer price index (CPI) remains sticky: CPI data released on Thursday did not show a further cooling in inflation in the US economy, further muddying the Fed’s decision making on the future interest rate path.
Federal Reserve unable to reach a firm decision on interest rate hikes: Minutes from the Fed’s last meeting show wavering opinions on interest rate hikes against the backdrop of uncertainty in the US economy.
Ongoing conflict between Israel and Hamas dampens investor confidence: The price of both bitcoin and ether has been in decline since attacks erupted between Hamas and Israel on Saturday. Bitcoin has dropped below FWB:27K USD and ether has lagged, falling to 0.057 on the ETHBTC pair.
Sam Bankman-Fried’s trial continues as Caroline Ellison takes the stand: The former CEO of Alameda Research pleaded guilty to fraud and testified that SBF directed her to create false balance sheets to hide the company’s debt to FTX.
India is paving the way for crypto adoption, despite 30% capital gains tax: The Central Board of Direct Taxes collected over $12m in taxes, and a newly released report ranks India as number one for grassroots crypto adoption.
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Markets
EURUSD waits for an opportunity to sell downThe Euro increased in value today. In the recently released Global Economic Outlook (WEO) report, the International Monetary Fund (IMF) lowered the 2023 economic growth forecast for many economies around the world. Only a few economies, including the US, Japan, India and Russia, buck this trend. Positive signals from some economies are expected to contribute to brightening the global economic picture.
OIL WILL GO TO THE MOON FIRST !THE INTELLIGENCE SERVICE GAME
It is IMPOSSIBLE that the intelligence services (CIA, NSA, MOSSAD, SVR, MSS, ISI, RAW, MI6...) that have invested billions and billions in monitoring "every click," every "audio" message left on an encrypted messaging platform (i.e. Pegasus), COULD NOT have been aware that HAMAS was arming itself in preparation for an operation and suddenly became ineffective!
So if all the services were aware of the "scam," how did the opposing party anticipate managing this potential stumbling block?
SET MOOD AND ESTABLISH THE SCENE BEFORE THE ARMS RACE BEGINS THEN COMODITIES WILL FOLLOW
The internal security of a state depends on the quality of services provided by its protecting intelligence agencies
The failure of Western services in prediction, but above all, the conviction that the Russians were 30 years behind, becomes glaringly evident. Otherwise a part of them knew it (CIA, MI6) and chose to misinform EVERYONE to sow chaos with the aim of boosting markets and generating demand.
I always claimed this difference between USA and Russia in the fact that one are Poker players, and the others are chess players.
In poker, it's not just about knowing how to lie, but also about knowing how to raise the stakes or play probabilities to determine the strongest hand on the table.
The lack of information about one's potential can only be estimated through a provocation close to the borders; this is the opportunity the Americans seized in 2014 to overthrow the Ukrainian gvt. and repeat what they tried in 1936 by arming Poland (the former concept of the sanitary cordon).
How can they switch from a theater of war into another ? Easy ! It is a question of manipulating public opinion as they already did in 9/11 to SAVE AMERICA from the crisis.
Generally, we learn from our mistakes to avoid repeating them. And it's during an armed conflict that we delve into history to understand its origins. One must believe that only in fashion does a cyclical phenomenon exist. Without wanting to resort to sarcasm, artificially creating a conflict by using HAMAS to justify a local intervention is truly treating people like fools.
The image war is primarily the one that targets public opinion at the expense of the invisible mechanisms that are set in motion, in order to make the 'pill' go down more smoothly.
DEDOLLARIZATION TAKES A BACKSEAT, OIL FIRST !
Do not ignore that the USMCA (formerly NAFTA) still remains the largest consumer market ahead of the EEA.
What is vulnerable or fragile for one state is an opportunity for another.
The composition of teams is now known to all. The G7 against the BRICs, gradually marking the end of a G20, some countries seize an opportunity in investing in newly available areas (Africa is an example).
As we observe a blatant loss of the former Western colonies, on which the latter built its wealth, it is entirely normal to see a conservative mechanism at play, detaching/tearing away the European zone at all costs to preserve the development of its own economic activity, much like a dog would defend its stake.
From an objective standpoint, the Soviet Union and Europe share a similar economic framework :
> A zone bringing together a group of states
> Free movement of goods and individuals within it
> The development of common projects using different parts of the zone
> But above all, a common currency
So, It took time to establish a common currency, therefore dedollarization won't happen right away
And where some of them failed to stand out in creating alternatives to the dollar as they all got eliminated (HUSSEIN, KADHAFI, CHAVEZ), the probability that the BRICS succeed in this global "decentralization" becomes more and more evident. This is one of the reasons that is increasingly appealing to countries wishing to join this organisation.
There is a certain logic if one looks at the geographic perspective of the 6 new members who have joined the BRICS, that it is imperative to secure the area to supply the new markets (Middle East / Africa), and consequently gain full control of the Red Sea and the Gulf of Aden (part of the BRI).
Israel is merely an opportunity for the West to slow down the development of this project !
Therefore, to return to this "small" war of secret service cartels, MOSSAD (and indirectly the CIA) could not have been unaware that Hamas was arming itself progressively, but above all, qualitatively. One might even assume that it was evident to anticipate, following the abandonment of 50 billion dollars worth of military equipment in Afghanistan, just like the initiation of the Marshall Plan for Ukraine in the supply of heavier weaponry, a scenario concocted from scratch to set up this new theater of war!
Something tells me that the cancelled cereal deal by the Russians has something to do with it...
What are you ready to do at any cost ?
www.macrotrends.net
No matter the price you put into it, it will be nothing compared to the resources of governments !
In conclusion, not only have you been manipulated in a 'scam' with war images you could never have imagined seeing in 1973, but you will all watch how the price of a barrel will skyrocket and get ready to pay your "full of tank" 5 times more expensive.
Russia's deputy PM NOVAK on NSE:OIL prices by year end : "Market sets the prices itself"
Why? Quite simply because the geographical area of the conflict is composed of OPEC, and therefore the likelihood of a refinery receiving a 'stray missile' is very significant.
As a result, the "Peace Makers" have decided to replenish their coffers to continue funding the production of ammunition...
FOR THE PLAYERS :
The last week close, before the busy weekend from the Gaza Strip left a gap between 84.90$ and 85.95$. There are barely 0.24$ left to close this one.
The experience of 1973 raised the thermometer by over 35$ (from 28$ to 65$) initially, ultimately ending above 146$ over the decade following the conflict.
147.5$ was the 2008's ATH (we know the reason...)
138.4$ was the Russia's SMO over Ukraine, which shows the first attempt to Break the Creek
Pull back above 92.63$ will trigger my Swing LONG
STOP BUY > 92.63$ | STOP LOSS 79$
TARGET 1 > 147.50$
TARGET 2 > 215.32$
Just take a look of 1973-1983 chart to understand !
I don't make the rules!
#DXY is on the support #dollarindex is growing and this is not good for markets. #dxy is closed on both trend and ichimoku support on last friday. War broken out in Israeli - Palestine lands and we may expect further move of #dxy with this monday opening. If Dollar Index breaks the support downwards, then markets will plant green candles for days.
NOT FINANCIAL ADVICE. Dyor.
Understanding the Debate: Bitcoin ETFs and Investor Protection Talking About Bitcoin Funds: People in the US are having a big talk about whether it's okay to have special funds that let regular folks invest in Bitcoin, like buying a piece of it without dealing with all the technical stuff.
Worried About Protecting Investors: Some important folks in the government are concerned about making sure regular people who want to invest in Bitcoin are safe. They think these special funds (Bitcoin ETFs) might be a safer way to do it.
Mysterious Court Decision: These important people mention a decision by a court, but they didn't explain it. It seems this court decision might be a reason why they want the special Bitcoin funds to be allowed faster.
Still Not Sure: The decision about whether to allow one of these special Bitcoin funds, managed by Cathie Wood's Ark Invest, has been delayed until November. This shows that the rules for dealing with Bitcoin in the US are still not very clear.
Why It Matters:
The big talk and the decision in November will affect how regular people can put their money into Bitcoin. If these special funds get the green light, it might make it easier and safer for people to invest in Bitcoin. But the delay and the ongoing talk show that people in charge are still figuring out how to handle Bitcoin, which can affect how it's used and invested in the US.
Understanding the Current Standstill in Cryptocurrency Markets aCryptocurrency Prices Aren't Moving: Cryptocurrency values, especially Bitcoin, have been staying about the same recently. When prices don't change much, fewer people want to buy or sell them.
Less Buying and Selling: People aren't trading as much on big cryptocurrency websites like Coinbase and Binance. That means they're not buying or selling as many cryptocurrencies as they used to.
Companies Are Feeling It: Some businesses that help with cryptocurrency trading are doing less business in the United States because there's not as much trading happening.
Trouble for People Who Invest: When fewer people are trading, it can be tough to buy or sell cryptocurrencies at a fair price. This can cause problems for people who invest in them.
Investments in Cryptocurrency Companies Are Down: Less money is being put into cryptocurrency companies compared to companies that work on AI and machine learning. This shows that investors are more interested in AI right now.
Hope for the Future: There's a chance that good things could happen in the future, like getting approval for a Bitcoin investment fund and an event that could make Bitcoin worth more. But there are also problems to deal with, like rules and legal issues.
People Are Still Positive: Even with these challenges, many people still believe in the future of cryptocurrency. They think it's important for regular people to get involved again to make the cryptocurrency market better.
To sum it up, cryptocurrency prices are staying the same, which makes people trade less. This affects companies and investors. More interest is going toward AI, but there's hope for cryptocurrencies with possible future changes. Despite difficulties, people are optimistic about cryptocurrency's future.
SPX Market Crash (upcoming) - 35% why?Hi Everyone,
A summary of the last 5 recessions since 1981... These recessions triggered declines of at least 20%. The Great Recession from December 2007 to June 2009 was the one that most affected the market with a decrease of about 57%. Regarding macroeconomics, the Americans are currently implementing a monetary tightening policies and have announced a final interest rate hike before the end of the year, so in my opinion, a recession is now inevitable.
The SPX is currently forming a tweezer top on the 3-month timeframe... In my opinion, a 35% decline is possible to test the M Neckline (entry gate).
Major Digital Currencies on the RiseWinners: Polygon (MATIC) led the way with a 1.54% increase to $0.53, followed by Dogecoin (DOGE) up 1.17% to $0.06, Cardano (ADA) up 0.96% to $0.25, Solana (SOL) up 0.81% to $19.86, and Uniswap (UNI) up 0.78% to $4.42. Bitcoin (BTC) also rose by 0.70% to $26,980, while Ripple (XRP) and Ethereum (ETH) saw smaller gains.
Losers: Polkadot (DOT) was the only major cryptocurrency that dropped, falling 0.32% to $4.10.
Crypto-Related Stocks: Shares in crypto-related companies saw declines, including Coinbase, MicroStrategy, Riot Platforms, Marathon Digital Holdings, Overstock.com, Block, Tesla, PayPal Holdings, Ebang International Holdings, NVIDIA Corp, and Advanced Micro Devices.
Funds: The Amplify Transformational Data Sharing ETF fell 1.12% to $20.80, the Bitwise Crypto Industry Innovators ETF lost 2.00% to reach $7.07, and the Grayscale Bitcoin Trust increased by 1.14% to $19.45.
If you have any specific questions or need more details, please let me know!
Bitcoin dips, but on-chain data hints at a potential bull run.Bitcoin briefly dropped below $27,000, hitting a low of $26,940 after failing to surpass resistance at $27,393. Earlier, it reached $27,500 on news of Nomura's Bitcoin adoption fund for institutions.
On-chain data from Santiment shows increased Bitcoin activity since April, especially above $27,000. There's also a rise in dormant Bitcoin movement, indicating wallet activity when prices exceed $27,000.
In September, daily active Bitcoin addresses averaged 1.1 million, the highest since April, suggesting improved network usage.
Analysts suggest this growing on-chain activity might signal a return of the Bitcoin bull run. Currently, it hovers around $27,062, down 0.62%.
Major Ethereum Holder Shifts $20 Million to Binance Amidst SpikeA notable Ethereum whale address moved 8,000 ETH ($13.24 million) to Binance, following previous transfers of 4,000 ETH, totaling $20 million in 20 days. The address initially received 64,000 ETH worth $106 million, raising speculation about its connection to czsamsunsb.eth.
Additionally, a surge in Ethereum call options trading on Deribit was reported, with contracts valued at $150 million. This heightened activity suggests significant interest from large traders (whales) in Ethereum price movements.
Trade with gold 18/9The cryptocurrency market had a quiet week, but Stellar's XLM saw an 11% drop after a high-profile commercial featuring Idris Elba.
Swan Bitcoin faced a hack, leading to suspicions about Ripple's acquisition of Fortress Trust.
Binance CEO CZ made a $3 million donation to Moroccan users while facing SEC litigation, and Binance's U.S. CEO resigned.
OneCoin co-founder was sentenced to 20 years for a $4 billion scam.
Google Cloud partnered with LayerZero for transaction verification.
SuperRare announced layoffs, but the overall crypto industry is positive with Visa supporting USDC on Solana and the London Stock Exchange using blockchain for tokenized financial assets.
USDJPY, Moving In Steady Down-Trend, These Are Important Zones!Hello, Traders Investors And Community And welcome to this analysis about the current price-structure we are facing in the USDJPY, there are some highly meaningful signs in the charts which are indicating to me that we will continue with the so far establishes down-trend and that we will at least approach some lower levels where we have to consider the situation new again. I recommend that you read the analysis fully and also look into my account for other contemplated ideas about the markets.
As you can see in my chart USDJPY formed a huge descending triangle which is in the very almost occasions a bearish formation, therefore it is within the high possible range that we continue more to the downside. As you can see the price made three declining lower highs after touching several times the 100-EMA you can see in my chart, the 100-EMA serves as a big big big resistance here and also it is the horizontal resistance line in blue at 106.95 which is building the logical bottom of the huge triangle where the price confirmed to the downside.
Now as the overall structure looks more bearish than bullish we can expect to decline more, we have also formed a smaller head and shoulders formation which neckline you see in grey this neckline can be confirmed in the next time, it is just one more significant factor which plays into the bearish continuation to the downside. Traders who like to open a short here can do this, I will also look for a good entry-point here to take the profits on the way down.
Overall the logical target at 104.6 will be reached, this is the minimum target in the structure, from there we have to elevate and see if the price falls more or stabilize in this structure to form a reversal, will be interesting to define how we will continue. Furthermore, we are still in an overall bigger bullish picture as we did the way from 101 to 111 this bullish trend can continue and the current bear decline can be a correction of this which should be kept in mind.
Thanks for watching! Support for more market insight! All the best!
Trading effectively is about assessing probabilities not certainties.
In this manner: FAREWELL
Information provided is only educational and should not be used to take action in the markets.
EUR/USD Short Opportunity - August RecapThis was an A+ setup - needed to monitor RT on the HTF as price was above but was a form of extended RT as price continued downwards, price was initially underneath on HTF - it RT previous broken support zone and there was clean traffic for downward momentum after RT on both EMAs
S&P 500 Head & Shoulders on the DailyThe SPY (S&P 500 Index) resembles a quite clear Head & Shoulders Pattern which is generally bearish. The daily candle chart shows a right shoulder forming with a rejection from the $445 area. With this rejection and a continuation downwards, we could see a harder fall if this aligns with the left shoulder and follows the pattern.
The other main indices also follow a similar pattern formation and could follow with a market downturn. Watching that $445 level is key to see a confirmation retest and rejection downwards. Following the lower levels, some price targets would first be the neckline as shown on the chart posted. A break below the neckline could result in a fall of the S&P 500 and if following the complete Head & Shoulders we could be seeing a realistic price target of the $410-$420 area.
Other than technicals fundamentals are definitely quite alright for the market as of now. But maybe a little too alright in my opinion. We have seen a market melt up with interest rates still sky-high resulting in more risk-ON investing rather than investing in CD's or Treasuries offering up to 5.5%.
The Greed being shown in this market is definitely visible and is something to keep note of if we break the neckline. Fear & Panic Selling could most definitely occur in this type of situation especially considering the market rally we've seen this summer.
Seasonally the fall has been quite bearish for the markets overall, and as we head into September & October we could see a similar trend to the past, but nothing is sure.
Lastly, in September / October Student Loan Repayments are resuming which could suck out millions if not billions of dollars from the United States economy as young adults chip away at debt and sacrifice spending on goods & services. This will most definitely be a crucial effect on the economy and could send markets downwards.
Keep an eye out for this pattern to play out... Definitely something to watch as we move in to Fall!
Thanks
Market Update Report - August 18 2023
Crypto prices tumble as negative news and liquidations hit market: Bitcoin moved sharply lower this week, dipping well below recent ranges, nearly hitting FWB:25K USD on Thursday before somewhat bouncing back. The downward price action followed a build up of negative news, including a report of large sales of BTC by SpaceX, the bankruptcy of Chinese property giant Evergrande, and a subsequent raft of liquidations in the crypto derivatives market totalling $1 billion USD in 24 hours.
EU lists a spot bitcoin ETF, beating US to the punch: A London-based asset manager listed a spot bitcoin ETF on the Amsterdam Euronext stock exchange this week, as US asset managers wait on the SEC for a decision on US-based spot bitcoin ETF applications.
Coinbase secures approval to offer crypto futures to US investors: After applying two years ago to the National Futures Association, Coinbase has received approval for a Futures Commission Merchant, which will allow it to offer futures products to US investors.
The Sandbox completes $100 million USD token unlock: Other projects including Avalanche (AVAX) and Injective (INJ) also have token unlocks coming later in August.
Equities dip as China’s economic woes weigh on markets: Equities dipped along with crypto markets this week, with the economic news coming out of China showing a cloudy outlook for the country as it slips into a deflationary period.
🔗Crypto Topic of the Week: Cross-Chain Interoperability
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EURUSD - Consolidation coming to an end?Price on the euro dollar has been on a downtrend since mid July, and now it’s clearly shown that it’s slowing down so buyers can take back control.
Price has tapped into a 4H Order block and since then failed to break the most recent lower high, if price breaks this area, then I will be looking to enter into a buy position.
What do you think? Will it continue to fall?
WHAT MIGHT BE THE REASON OF A SUDDEN STRONG $DXY ? 1. Technical
it could be interpreted of a potential MarkDown and a potential pull back on the top of this channel.
109 will be highly likely ! According to call it above 0.618 of the initial MarkUp (103)...
2. Fundamentals
> Economic Data Releases > such as positive GDP growth, low unemployment rates, or higher-than-expected inflation, can boost confidence in the U.S. economy and attract investors to the U.S. dollar.
> Interest Rates > Fed raised interest rates or hints at a more aggressive monetary policy stance, it could increase the attractiveness of the TVC:DXY as higher interest rates can provide higher returns on dollar-denominated investments.
> Safe-Haven Demand > TVC:DXY is often considered an actual safe-haven currency during times of global economic uncertainty or geopolitical tensions (BRICS, even if they are talking about, they did not setup anything yet that might trigger any potential collapse. MM may flock to the dollar in search of stability and safety.
> Relative Economic Performance > If the U.S. economy outperforms other major economies, it can lead to an appreciation of the dollar relative to other currencies.
> Market Sentiment > Currency markets can be influenced by MM sentiment, and sudden moves in the DXY can be triggered by changes in market perceptions or risk appetite.
> Capital Flows > whether due to investments, trade balances, or other factors, it could impact the strength of the dollar.
If this scenario failed and we make a clear pull back below 100 (103 rejected), it could confirm the UpThrust done, and the reintegration of the initial fork could mark a signifient end of the hegemony of the dollar. otherwiase, as Serguey LAVROV predicated it > definitive dedollarization !
wo1and, PhD