US Dollar Shortage Makes EURUSD at .8500 Much Closer Than You Think

US Dollar Shortage Makes EURUSD at .8500 Much Closer Than You Think

There is a major support level at 1.05, and a lesser support level at .95. Those are the only two barriers from a price action perspective on the monthly chart standing between here and .85. It is also worth noting that we have been in a pattern of lower highs since the 2008 financial crisis, so the momentum to .85 has been building for some time.

New Reality for Bitcoin Hodlers is a Trading Range of $3500 – $6000

New Reality for Bitcoin Hodlers is a Trading Range of $3500 – $6000

It may seem obvious to many, but for those finding themselves overweighted in a given asset class after the massive market reset last week as a result of COVID-19, the truth can be very hard to take in. As such, it is worth repeating: we are in a new world now, and the sooner traders …

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SPX Shakes Off Fed 50bps Cut; Short Sellers May Have Their Fingers On The Trigger

SPX Shakes Off Fed 50bps Cut; Short Sellers May Have Their Fingers On The Trigger

Yesterday, the Fed delivered a surprise 50bps cut. The index rose initially but then dropped to end the day down. Rate Cutting Cycle as Opposed to Mid-Cycle Cut After a very bland official G7 communication indicating that the G7 Finance Ministers and Central Bank Governors are closely monitoring the spread of COVID-19 and that they will intervene if …

Read moreSPX Shakes Off Fed 50bps Cut; Short Sellers May Have Their Fingers On The Trigger