An Eerie Parallel – Slope of Hope with Tim Knight
The boys at Elliott Wave mentioned something about the remarkable (and perhaps nothing more than coincidental) parallels between 2007 and 2024: I’ve used the Layered Chart function in SlopeCharts to…
Bitcoin rises 4% amid long liquidations, and short-term holders realized share
Bitcoin rose above $63K following a bounce off the $59K level. The recent decline in Bitcoin between Wednesday and Thursday led to long liquidations of $290 million. Short-term holders realized…
Markets Weekly Outlook – ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus
Market expectations for a Federal Reserve rate cut decreased following mixed US data signals. The European Central Bank’s interest rate decision is a key event, with a 25 bps cut…
Sigh, Robot – Slope of Hope with Tim Knight
Earlier this year, Tesla announced a major product event would be held on 8/8 instead, and the highlight would be the long-anticipated Robtaxi. As that date approached, management grew concerned…
US inflation came in above expectations – Commerzbank
US consumer prices rose by 0.2% in September from August, excluding energy and food by 0.3%. This is a tenth more than expected in each case. The data do not…
USD/JPY eyes Fed minutes – MarketPulseMarketPulse
The yen has edged lower on Thursday in what has been a quiet week. In the European session, USD/JPY is trading at 148.72, up 0.36%. Will Fed minutes provide clues…
Bon Ami – Slope of Hope with Tim Knight
On Monday evening, after a grueling 6 a.m. to 6 p.m. in front of a computer, barely moving from the spot since I was contemporaneously dealing with my normal life…
US Dollar calm start of the week with traders assessing Israel
The US Dollar in calm regime on Monday, though still at elevated levels near last week’s high. Tensions in the Middle East keep lingering while traders gear up for the…
Markets Weekly Outlook – Jobs Report May Lead to Cautious Fed, US CPI Next
Strong US jobs report shifts Fed rate cut expectations from 50 bps to 25 bps. Geopolitical tensions in the Middle East drive up oil prices and safe-haven assets. Upcoming US…
Weighing The Options – Slope of Hope with Tim Knight
In mid-September I wrote a post looking at a big inflection point on equities, and the large decline we could see from there on the pattern setup. Let’s see how…
Pound Sterling slides below 1.3100 after strong US job data
The Pound Sterling slumps to near 1.3070 against the US Dollar after upbeat US NFP report for September. The probability of the Fed cutting interest rates by 50 bps in…
WTI Oil: Rising geopolitical risk premiums and China stimulus may have created a medium-term floor at US$67.55-65.70/barrel
The recent sell-off of 18% in WTI crude oil since August has stalled. An increase in hostilities in the Middle East and impending fiscal stimulus measures from China are likely…
China Fever – Slope of Hope with Tim Knight
Well, I thought the huge spike we witnessed for a few minutes on Sunday was all that it would take to expurgate the short-covering and FOMO-ing of the recently-mega-juiced Chinese…
Countertrend rally might be stalling
USD/CAD has pulled back after bottoming on September 25. The correction that ensued now seems to have run its course and the pair could be vulnerable to recapitulation. USD/CAD suddenly…
Japanese yen soars on Japan’s political drama
The Japanese yen has steadied on Monday after posting huge gains on Friday. USD/JPY is trading at 142.43 in the European session, up 0.15%. Incoming PM Ishiba says he’ll call…
Straw, Sticks, and Bricks – Slope of Hope with Tim Knight
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Ethereum based crypto mixer Tornado Cash founder to face trial on alleged money laundering
Tornado Cash co-founder Roman Storm is set to face trial on money laundering charges as a US federal judge denies motion to dismiss the lawsuit. The US Department of Justice…
USD/CAD eyes Canada’s GDP – MarketPulseMarketPulse
The Canadian dollar is steady on Friday. In the European session, USD/CAD is trading at 1.3476 at the time of writing, up 0.08%. Canada’s GDP expected to remain unchanged Canada’s…
Know Your ABCs – Slope of Hope with Tim Knight
By Tim Knight – 2 hours ago (26, Sep 2024 3:00:00 AM) Know Your ABCs Know Your ABCs In order to comment on this blog, you must have JavaScript installed…
Bitcoin bulls eye $70,000 if it breaks above the consolidating zone
Bitcoin price consolidates between $62,000 and $64,700 key levels, indicating a period of indecision among traders. Arkham intelligence data reveals that dormant wallets are beginning to move, while Lookonchain data…