BTC/USD Forex Signal – Wednesday, May 16

Yesterday’s signals were not triggered, as there was no bullish price action at $8,334. Today’s BTC/USD Signals Risk 0.75% per trade. Trades can be entered until 5pm Tokyo time today, over the next 24-hour period. Long Trade Go long after a bullish price action reversal on the H1 time frame following the next touch of $7,825….

AUDUSD Daily Analysis – Wednesday, May 16

AUDUSD pulled back to 0.7445 area after touching 0.7560 resistance. However, the pullback is likely correction for the uptrend from 0.7412, another rise could be expected after the correction and next target would be at 0.7650 area. Only a breakdown below 0.7412 support could trigger another downside movement towards 0.7300.

It’s Not China That’s Liquidating US Treasuries

Recent fears, warranted or not about the potential for retaliatory liquidation by China of its US Treasury holdings appear to have been once again vastly exaggerated because according to the latest TIC data released, America’s trade-war nemesis added $11 billion in TSYs in March, bringing its total to a 5 month high, following the addition…

Crude Oil Prices May Be Topping, IEA Report And Inventory Data Du

A sharp US Dollar rally weighed on crude oil and gold prices alike. Swelling Fed rate hike bets drove the currency higher alongside front-end bond yields. The spread between rates on two- and ten-year Treasury bond rates tellingly steepened and the 2019 policy path implied in Fed Funds futures reflected a hawkish shift in the markets’ expectations. The WTI benchmark succumbed to de-facto selling pressure since prices are…

An India Canary?

The sweeping tide of populist election victories has not been limited to just the US and Europe. There have been torrents in Asia, too. Though there is some disagreement whether he counts among them or not, India’s Narendra Modi swept to a historic electoral triumph in May 2014 sure sounding a lot like one, maybe…

Indian Indices Trade Lower; Energy Stocks Witness Losses

Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the energy sector and banking sector witnessing maximum selling pressure. The BSE Sensex is trading down by 135 points (down 0.4%), while the NSE Nifty is trading down by 55 points (down 0.5%). The BSE Mid Cap index is trading down by 0.2%, while the BSE Small…