HEX IS NEARLY TWO YEARS OLD NOW
AND IS GIVING THE MARKETPLACE HISTORY, DATA, AND EARNINGS STREAMS
FOR INTELLIGENT INVESTORS TO ALLOCATE ADDITIONAL CAPITAL
EARLY ADOPTERS HAVE BEEN REWARDED WELL
BUT IT SEEMS WE HAVE ENTERED A NEW PHASE OF ADOPTION
Resistance at a weekly down trendline, slight divergence with the bond yields and the Kiwi currency index. Talk of wanting RBNZ wanting a lower NZD, the yields are dropping, which the NZD in theory should follow.
Black - NZDJPY
Blue - NZD Currency index
Red - 2 year bind yield
Light Yellow- 10 year bond yield
In this screencast I show two charts where crashes could happen. I focus on Wall Street which - affects markets globally including forex markets.
On the weekly time frame US Oil is beginning to struggle at a 61.8% Fib retracement.
Wall Street is possibly struggling at an important structure level. A whole lot depends on China. But dig deeper. See the CSI300...
An inverted yield curve means a market situation in which the yields offered, for longer maturities, are lower than the yields of the short-term portion of the curve (in this case the "short" is usually considered as the rates up to 2 years). This is a situation that is at first sight counter-intuitive. Those who have studied Finance will certainly remember the...
GBP moving higher?
1. Leading post brexit data has recovered significantly from 5-10yr lows to firm growth or significant recovery (PMI, Optimism, Confidence) and imo this will be continuing theme given negs arent going to start for another 6-9m, there isnt any impetus to drive us lower again.
2. Also the macro indicators are trading well, e.g....