Is 1.1760 The Next Stop For EUR/USD?

The EUR/USD created a double bottom from where it bounced in a “dead cat” style. Can it recover? Not so fast. The Technical Confluences Indicator shows that the pair faces resistance around $1.1834 with the convergence of the Pivot Point one-month Support 2, the Bolinger Band one-hour Lower, and the BB 15-Lower. The next significant congestion of potent…

US 10-Year Yield At Historical High Since 2011

US Treasury note yielded 3.09% which open doors for more aggressive Fed tightening, Long USD/JPY? After months of dollar sell-off since the start of 2018, the dollar has reach its strongest point since December. Chart below shows the 10-year yield breaking back to 2011 levels. The implication of 10-year yield breaking 3% is that inflation…

Trading Forex With Options

Over the last 15 years that I have been trading, I have made efforts to fully understand multiple asset classes as I believe this is the best way for anyone to ensure maximum diversity, minimum risk and, of course, better profits across their investment portfolio. While I have always been very active in FX trading,…

Litecoin (LTC) Erases Gains Despite Getting Listed On Gemini

Despite positive developments around the token, Litecoin (LTC) erased the gains from earlier this week on Tuesday in a sudden change in the bullish sentiment. What Positive Development? The world’s 6th largest currency, Litecoin (LTC), founded by Charlie Lee has been a fan favorite for a while. Most recently, the positive news included Abra starting to…

Gold Sinks As U.S. Dollar Resumes Rally

Gold prices ended Tuesday’s session down $22.63 an ounce, extending losses to a third straight session, as rising bond yields and a strong U.S. dollar abated investor appetite for the precious metal. The dollar index surged to a five-month high on the back of upbeat U.S. economic data. XAU/USD broke below the support in the…

Outlook For Stocks – Wednesday, May 16

Thoughts Small cap stocks continue to lead large cap stocks. A medium-term bullish sign for the stock market. High yield spreads continue to make new lows. A medium-long term bullish sign for the stock market. Retail Sales growth: this bull market in stocks still has 1-2 years left. GDP growth will pick up in Q2…