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ARGT on life supportI just don't understand why this and other emerging markets are getting new life this week. The IMF is and central banks are buying the peso to prevent its free fall. However, the Country's GDP just SHRANK 4%. Some banks are telling folks to by emerging markets now, which doesn't make sense as any price rise is due to central banks buying currency and not due to a strong economy. Who know what kind of dead cat bounce will occur in the next few weeks, but long term prospects are not good. First target at support of 22$, second target at 19$. Peso down over 50% since December and weaker peso compound debt woes.
AMEX:ARGTShort
by swift32
BITCOIN NEXT BULL RUN CAN BRING OVER 10,000% - CryptoManiac101As we have seen with Gold and as many of you have seen charts of ETF comparison of GOLD vs BITCOIN, I just wanted to again point out that although GOLD and BITCOIN are completely two different things that have almost no direct relation to each other besides similar movement, exponential rise is almost certain to come after ETF goes through. Also do not look at Winklevoss Twins with their ETF proposal. Did you really think that SEC would grant it to them ahead of CBOE or any other high profile organization? That's going to be a NO. Just look at the FUD it brought with major outlets spreading fake news and many investors catching those news and exiting the market. Just quick side note... With or without ETF, Bitcoin will continue growth... If your argument is that ETF will result in more institutions investing, you're right, but current situation does not prevent them from entering. All I am saying is that ETF is not everything in this market. Even if by some unknown force it get's rejected, Bitcoin will experience only a short term drop followed by further rally. We had no issues doing multiple x's in 2017 or in prior years. Yeah, market capture was much lower but current market investments are still very low. Personal thought... ETF will go through this year, I do not see why government would not let it go through... this is right time and if some of you will argue that market is not mature yet, then I'd say that it will most likely never be mature to the point where we will see same volatility levels as in stock market. After all, don't think that one guy behind a computer in Asia created start to world economy. It's sounds like great story, but let's be realistic for a second. To conclude I would like to say that what you don't see today, will become clear tomorrow. Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
COINBASE:BTCUSDLong
by CryptoManiac101
18
BTC -- When will the trend break?This is pretty self explanatory. I believe the bulls should be slowly accumulating right now. I'm certain they are. I am. We are starting to see long term trends clash. There are several more windows for the current trend to hammer, before ultra long trends get tested. Will the downward pressure be able to hold long standing trends? There are items in the news which could affect BTC's price. Keep an eye on the IMF meeting in Davos Switzerland. A positive, or upbeat piece of news from the global economic conference there could send a strong positive bias in the BTC market in an instant!
COINBASE:BTCUSDLong
by blessmywork
7
Trump approval rating puts brakes on the tax billThe IMF urged Japan central bank to adhere to the current program of quantitative easing in the fight against stagnating consumer prices, the position voiced by the Central Bank official at the last meeting on monetary policy. Comments of the IMF Chairman Kristin Lagarde lay in opposition to the extensive criticism of the Bank of Japan, which does not want to reduce excessive stimulation, thus encouraging overbought stock market. Shares of Japanese companies are at the 26-year peak, and according to many, are hard to describe by the fundamentals. In turn, the growing rates margin amid ECB and Federal Reserves’ tightening will further promote capital outflows from the Japanese economy only by encouraging the investment activity of Japanese investors abroad. USDJPY fell on Wednesday, primarily due to worsening sentiment in the US currency. The US dollar dipped against its main opponents on Wednesday, trading in a limited range, as the direction will be set with details of the fiscal stimulation of the US economy, in particular tax reform. The weighted average dollar index rose to a maximum of 3.5 months in the last few weeks on expectations that large-scale tax breaks will lead to the need to raise the interest rate faster in order to protect the economy from overheating. The market has priced in the approval of budget reconciliation, which greatly facilitates the implementation of the reform, but despite significant progress, it remains sensitive to every detail about the discussion of reform in the Senate. Washington Post reported on Tuesday, referring to the unidentified sources in the government, that firms can receive tax benefits with a one-year delay to comply with the Senate rule. While the dollar only gives signs of anxiety, the sentiments for further rebound remain steady. Opposition to tax reform, perhaps one of Trump's major future achievements, can also grow because of the fall of the president's ratings. The WSJ poll showed that discontent is growing even among the core Trump electorate, so the reform itself may also be unpopular among the population, which gives another argument to Congress to block the bill. Arthur Idiatulin
Long
by Tickmill
1
Longterm view on S&P 500Kinda cluttered, these are areas I'm paying attention to, depending how the market enters those zones I might think about taking a long/short position. Some fun facts: - Fiat currencies get stronger in market corrections, since people are selling whatever they can for dollars/fiat. - Approximately HALF the volume on the US equity markets is generated from high-frequency trading. If I understand this correctly that means half the volume traded on markets is just a reflection of the other half. That's very precarious. - Approximately %60 of bank loans within the developed world are against real estate that already exists, ie mortgages, not for construction or business startups or whatever. Non productive assets. Kinda makes you second guess the whole mantra behind things like QE. - Despite unprecedented levels of monetary easing, money velocity has plummeted and yields are scarce. There is no happy ending here. I'm not too keen on the SPX being able to hold this upward 45 degree angle its been on, I expect a crisis/correction towards 1500 at some point. I'm not a permabear but a major change needs to occur within the design of our financial system for the world to continue running, and that won't come without some volatility. These endless loans/debts simply cannot be repaid. The central banks need inflation and they're gonna get it through permanent money creation/debt monetization. This'll probably play out between now and 2020.
FX:SPX500Short
by pjlbtv
EURUSD: IMF key levelsEURUSD has a weekly uptrend, from a 'Time at Mode' perspective, and the sentiment is considerably negative for it lately, with the French elections starting the first round tomorrow. This weekend, the IMF meeting takes place, and it might be a very significant event for the Euro. This week is packed with data and potential catalysts for all markets, with Mnuchin's speech in less than 2 hours from now, the IMF meetings today and tomorrow, and French elections, things will be interesting at the open. Then during the week, we have Trump's 'tax package' announcement after Wedneday, as well as the freedom caucus potentially approving the revised Obamacare repeal plan. What is certain, is that mainstream media, sentiment, and the regular Joe will get it all wrong, sadly. So, let's try to remain contrarian. Best of luck and have a nice weekend. Ivan Labrie. Ref: www.bloomberg.com www.bloomberg.com "The IMFC statement reiterated pledges from October to “refrain from competitive devaluations” of currencies and to avoid targeting “our exchange rates for competitive purposes.”"
Long
by IvanLabrie
Long term view on BitcoinWhere to go long and where to short (though I have no current plans to short). I hope to sell %50 of my bitcoin between $2400/2700, sometime within the next few years. Anything above that is after gold breaks through its price manipulation and soars to >$5000, when price inflation finally takes over due to the malinvestment of QE money, which is currently preventing the economy from collapsing/markets from correcting (ECB & JCB are buying around $150b/month of bonds and equities). It's only a matter of time until permanent money creation becomes canon and inflation becomes completely inevitable, I couldn't guess as to when it ultimately takes off though. It's possible bitcoin gets to ~2500 on hype alone, and selling at ~$800-900 is good too if things change in the future. I doubt it's going under $570 barring some extreme event like gov't regulation or an unfound zeroday, making it a pretty decent option against market catastrophe over the next 3-7 years. BTC as %2-5 of your portfolio is very effective. This idea is tentative to future edits.
BITSTAMP:BTCUSDLong
by pjlbtv
6
EUR/USD in ever tightening range ahead of Greece Mark IIIThere may be trouble ahead... Grexit is hiding in the shadows behind Brexit, but former Greek FinMin believes Grexit in 2016 is more likely than last July . Greece has a colossal amount of ECB debt obligations to meet in July. Negotiations and general turbulence look set to hit its peak in the month before, just as the Brexit vote is taking place. But while theres moonlight and music, and love and romance... Since 2015, EUR/USD has been rangebound between 1.05 and 1.16 (approx). Spot is trading close to the top of the range, and looks supported due to upward trend channel, and RSI trend higher and the 50W SMA sat snuggly below. A flattening of the 50 & 200W SMAs, and extended ranging in oversold territory of the slow stochastic, indicates a continuation of the status quo. Bare in mind that this is a weekly chart and there are still several hundred pips of juicy range to play within for now. Lets face the music and dance... In the longer term, I'd imagine that there are still some people who have been short EUR/USD from a long way down. With Leave in the Brexit vote creeping into the lead, and the vote maybe influenced by the UK publics reactions to the handling of the Greek situation and any migrant/terrorist related chaos, it wouldn't surprise me if some people were taking money off the table, and readjusting positions ahead of June (Brexit vote) and July (Greek crisis), with a view to get short for a fresh push for parity again.
by GFunk1