Category Archives: Finance

USD Unmoved Despite Outflows from Largest Foreign Treasury Holders

Talking Points: June total TIC flows increased substantially, showing considerable foreign demand for US exposure US treasuries saw notable outflows from the two largest foreign holders, China and Japan Japan’s US treasury holdings dropped to their lowest since 2011 Check out our Economic Calendar for upcoming economic data and central bank events. The US Dollar was largely unaffected after the

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Euro Testing 1.13 – Is Relief in Sight?

Euro is trading into fresh yearly lows today with price now testing key near-term support objectives. Here are the updated targets and invalidation levels that matter on the EUR/USD charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. EUR/USD Daily Price Chart Technical Outlook: In my Weekly Technical Perspective on Euro we noted that

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Bitwise Launches Three New Cryptocurrency Market Index Funds

Why wait for an ETF? Bitwise Index Services, a subsidiary of Bitwise Asset Management, has announced the launch of three new indexes covering the mid-cap, small-cap, and total-market segments of the crypto market, as well as the renaming of its HOLD 10 Index as the 10 Large Cap Crypto Index. Also Read: The Daily: Stoners Drop Crypto From IPO, Binance

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Sell-off Approaching Key Support Targets

Crude oil prices have plummeted nearly 14% off the July highs with the decline now approaching broader up-trend support. Here are the updated targets and invalidation levels that matter on the Crude Oil charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. Crude Oil Daily Price Chart (WTI) Technical Outlook: In last week’s Technical

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USD Buying Prompted by Fed Quantitative Tightening Day

Check out the brand new DailyFX trading forecasts for Q3 MARKET DEVELOPMENTS – USD GAINS, EQUITIES DIP ON FED QT DAY Risk averse sentiment remains prominent with equity markets holding modest losses with US equity futures slipping 0.6-0.8% this morning. The drop also coincides with the Federal Reserve’s balance sheet unwind, which typically sees equities fall. USD: The US Dollar

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Bitcoin, Ether, Ripple – Prices Slump, Rebound Weak

Cryptocurrency Prices, News and Technical Analysis Bitcoin slips below $6,000 but ratchets back. Ethereum breaks through noted support and may struggle on the upside. Cryptocurrency Market Losses over $630 billion YTD Market sentiment continues to remain weak after the latest heavy sell-off. The overall market capitalization fell to a low around $193 billion, a loss of $630+ billion during 2018.

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DXY Index Extends Gains as EM Pressure Continues to Build

Talking Points: – USD/TRY has extended its retracement, but not because of improving conditions between the US and Turkey, but rather because the Turkish government is making it harder for foreigners to short the Lira. – A weak earnings report by a major Chinese financial institution has done more to move emerging markets today than anything out of Turkey. –

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Lackluster U.S. Retail Sales Report to Curb EUR/USD Losses

Trading the News: U.S. Advance Retail Sales Updates to the U.S. Retail Sales report may spark a bearish reaction in the U.S. dollar as household spending is expected to increase 0.1% in July versus the 0.5% expansion the month prior. A marked slowdown in private-sector consumption may dampen the appeal of the greenback as it casts a weakened outlook for

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