Currencies

COT Report: Is The US Dollar Ready To Bounce?

The following chart and data highlight non-commercial commodity futures trading positions as of January 30, 2017. This data was released with the February 2 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for the US Dollar. For the…

EURO Currency Speculation Sees Record Net Longs

The following chart and data highlight non-commercial commodity futures trading positions as of January 23, 2017. This data was released with the January 26 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below look at non-commercial futures trading positions for the Euro. For the week,…

Inflation Is Back! Weak Dollar Boosts Commodity Prices

As Q4 earnings continue, one theme that continues is companies mentioning supply constraints and commodity prices rising. Simply put, inflation is back. Commodity index CRB is one way to measure commodity prices. Here’s a brief description from Reuters: On Wednesday, the CRB index broke out of a nearly two year…

Bitcoin Volatility Picks Up Near Important Price Support

Bitcoin prices are pulling back in January following an historic run last year. Clearly smart money has been taking some gains as the red hot Cryptocurrency takes a breather and retail investors find their way in. Since peaking in mid-December, Bitcoin is down over forty percent. And volatility has picked up….

Gold/Dollar Ratio Testing 800 Pound Resistance Here!

It’s been a while since gold bulls were able to celebrate something more than a swing trade. Will 2018 bring gold bulls the breakout they’ve been patiently waiting nearly 5 years for? Since the 2011 top, there has been plenty of failed rallies and sideways grinding. But the last 13…

US Dollar Decline Targets Major Chart Support

Just two weeks ago, I identified a key price support level for the US Dollar Index (and the currency markets) to start 2018. That level has failed to hold… and this opens up a very important test of the 88 to 89 chart support level for the greenback. Major US…

Bitcoin Trading Outlook For 2018: Yearly Pivot Points

2017 was a breakout year for Cryptocurrency. Bitcoin, Ethereum, Litecoin and others rocketed higher as the message spread. Will the trend continue in 2018? Today we’ll look at the outlook for Bitcoin, highlighting the yearly pivot points for traders. Bitcoin Yearly Pivot Points Bitcoin (BTC.USD) in 2018 has KEY support on the…

Bitcoin Price Compression: Breakout or Breakdown Coming?

Bitcoin has taken the financial markets by storm over the last year. But bitcoin prices are nearing an important juncture on the charts. So prepare yourself for another big move. As you can see in the weekly chart below, bitcoin has remained in a broad channel for the last 4…