The Canadian jobs report is expected to show an increase in positions after a downfall. The new NAFTA deal is a tailwind for the C$ and the BOC. It is almost a win-win situation for the loonie, barring a big surprise from the NFP. Canada publishes its jobs report for September on Friday, October 5th, at … “A win-win situation for the loonie in the jobs report”
Category: Opinions
The Flip Side of the Crypto Ideals
There are several distinct groups who all want different things from the cryptocurrency phenomenon that eventually replaces fiat money, and they are all in opposition. The nature of Bitcoin and Blockchain is something of a dual personality, and almost everyone wants the best bits for them. They are a few basic tenets of the original … “The Flip Side of the Crypto Ideals”
Canadian Dollar levels to watch after the USMCA
A new NAFTA is born and renamed as USMCA. The USD/CAD dropped to a four-month low on the relief. The pair has room to fall, at least until the bottom of the downtrend channel. In last-minute late-night talks, Canada and the United States reached an agreement on a new version of the North American Free … “Canadian Dollar levels to watch after the USMCA”
BTC/USD Forecast: $6,800 is a key upside level
The BTC/USD had a roller coaster week and ended on top. A collection of developments was mostly positive for cryptocurrencies. The technical picture is improving but Bitcoin needs to break above downtrend resistance. The price of Bitcoin had a bad start to the week, but things quickly improved. Bitcoin Cash, that forked out of the primary digital … “BTC/USD Forecast: $6,800 is a key upside level”
USD could recover if markets understand what removing “accommodative” means
The Fed raised rates and left the dot-plot unchanged. The removal of the “accommodative policy” wording hit the US Dollar. This is not necessarily dovish as it seems. The Federal Reserve raised interest rates as expected. They also maintained the dot-plot as is, thus indicating another increase in December, concluding 2018 with four hikes. The … “USD could recover if markets understand what removing “accommodative” means”
GBP/USD: UK GDP may surprise in the yearly version
The final read for Britain’s Q2 GDP is expected to confirm the early numbers. Surprises are not uncommon in the final read, especially for the annual figure. Fear of a no-deal Brexit and the takeover of Brexit headlines came afterward. The final read of UK Gross Domestic Product is due on Friday, September 28th, at … “GBP/USD: UK GDP may surprise in the yearly version”
Fed preview: To go tight or not to tight? The dollar asks the question
The Federal Reserve will raise rates on September 26th and will likely hint of another hike in December. The bigger question is if the Fed moves to a tight policy: interest rates exceeding inflation. The event is set to take over the full week and move all markets for quite some time. September and December … “Fed preview: To go tight or not to tight? The dollar asks the question”
Pound pounded by hard Brexit hammer, the Fed can push it even lower
Brexit headlines whipsawed the pair throughout the week. Further Brexit developments, final GDP, and the Fed decision stand out. The technical picture is slightly bullish while the FX Poll of experts is mildly bullish, yet not in the long-term. This was the week – Brutal Brexit summit, weaker USD The GBP/USD had an optimistic start … “Pound pounded by hard Brexit hammer, the Fed can push it even lower”
Canadian Dollar looking better despite NAFTA nonsense
A weak US Dollar and rising oil prices help the loonie. Monthly Canadian GDP and the Fed decision stand out. The technical picture is bearish but the FX Poll points to the upside. This was the week: Ignoring trade issues and higher oil prices NAFTA negotiations resumed between Canadian Foreign Minister Chrystia Freeland and USTR … “Canadian Dollar looking better despite NAFTA nonsense”
Bitcion is looking better and may continue rising despite the SEC
The BTC/USD extended its gains and reached the highest levels since early September. A general interest in cryptos is behind the move while the SEC delayed another ETF decision. The technical picture is becoming bullish for Bitcoin. The expert poll shows a bearish bias now, and a bullish one long-term. The price of Bitcoin went up and … “Bitcion is looking better and may continue rising despite the SEC”