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USD/CAD Outlook (26th June 2019) An Insurance Fed Rate Cut? USD/CAD broke key level Price Movement Since yesterday, USD/CAD has been moving indecisively within a 60pips range. Trend USD/CAD is trending downwards. Important Issue Yesterday during an interview with Bloomberg, Federal Reserve Bank of St. Louis President James Bullard highlighted that an insurance Fed rate cut now may be necessary as inflation target has been running below target. He also mentioned that a 50 basis point (0.50%) rate cut would be “overdone” whereas a 25 basis point (0.25%) rate cut seems more appropriate. Technical This morning, USD/CAD tested and broke the 1.32 key level downwards. Price Levels Current Price: 1.31606 Next Resistance: 1.3260 Next Support: 1.31200
by JinDao_Tai
BTC Update! Bulls continue to march along!Wow. Impressive move by the bulls here since we watched down around $8000 for resistance to clear and create the bull break out. Last night BTC reached just shy of $9400 for a solid 15%+ gain in a few days. I personally have now scaled out of about 30% of my BTC position and remainder is riding the higher lows off 4 hour chart as stop losses. Also keeping a watch on daily 12 EMA. This has served extremely well for BTC with it offering great support initially and once we lost the support we saw the solid pullback to then see it serve as resistance. We finally broke that just over $8000 to get back above the 12 EMA and it again gave support. Yesterdays move pushed BTC well above the 12 EMA so we may see some slowing by the bulls to allow the EMA to catch up to price action. Also was watching from last post the alt coins begin to struggle which in my opinion would only help BTC and thus far it has. Many alts are now back to moving upwards which will pull some market from BTC but overall BTC is where traders have wanted to be for the past week. Impressive gains and following technicals beautifully. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
1
BTC Update! Bigger picture outlook!Hope everyone is doing well. What a couple weeks or so its been in crypto. I am heading out of town and will be gone about a week so won't be posting until I return. So thought now may be a good time to offer up my old weekly chart. I believe the last time I posted this we were searching for a higher low compared to $3338 to then try and shift momentum and get the higher high above $4188. Clearly BTC did that and really anyone buying in on the weekly chart shift from its bearish lower highs and lower lows to the bullish pattern of higher lows and higher highs once we broke above $4188 have been extremely happy. Its been almost a straight bull run since then. Weekly chart is pushing above some major MA's. RSI is overbought for the first time since end of 2017! I have some old resistance points plotted from a while back so have left those in place. The past few weeks has been so bullish, we have not established much in terms of supports on the way up. I'd certainly be happy with some consolidation, a higher low and then moving up but anyone who has been in this market knows the bulls can start running more parabolic if FOMO sets in. Personally I wasn't going to enter anything while being out of town but with the nice pullback over weekend of 10%+ across all names, I did scale into ETH, LTC, and a couple smaller alts. In hindsight, wish I had just played BTC but still very happy with my entries and will be a nice trade. For now I plan to just ride stop losses based on higher lows for these rather than trying to actively trade anything while gone. Will hope bulls continue the momentum and keep things pushing upwards but on a technical side, we really could use some consolidation and forming some bases of support. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
1
$ENT $647,000,000 in Revenues for 2018 Highly UndervaluedTons of Insider Buys from May, 21st to June 11th last year $10,742,000 worth of shares bought, tells me something that was in the making that could potentially take a year to resolve or complete is possibly coming up. Only thing that has me puzzled is the immense PPS drop recently. seekingalpha.com 2018 Full Year Revenues: $647,000,000 4.5% Increase Year over Year Adjusted EBITA $73,100,000 7.5% Increase Year over Year 2018 4th Quarter Revenues: $160,600,000 Adjusted EBITA of $17,000,000 Equipment Sales grew 34.5% Year over Year 150 New Aircraft installations forecasted for 2019 Here's some other DD: 1. CEO's goal is to achieve positive free cash flow by 4th Quarter 2019 2. Installation pace doubled from 4th Quarter 2018 to 1st Quarter 2019 3. January launched commercial service 4. 15 Air France aircraft in live service 5. Free messaging alongside paid browsing packages which offer over 300 movies and TV episodes 6. Touch Free via Satellite 7. 100+ Connected devices each flight 8. Launched Q1 2019 Captive Portal on SouthWest flights that saw a 40% jump in devices accessing the portal 9. Lauching Wi-Fi and TV support for Southwest Hawaii routes 10. Launched paid services on Norwegian flights in 4th Quarter 11. Signed new contracts with Norwegian and Disney cruise-lines Much more in Transcript please read it.
ELong
by StockGuild