A new study predicts that Bitcoin could hit $1 million as early as 2027 as a result of daily withdrawals from liquid supply exceeding 1,000 BTC. The model is based on economic fundamentals and … Read Full Story
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One of the questions traders always ask me is how important trading psychology is to a newbie. In this old man’s humble opinion, sound trading psychology is important enough that it sets consistently profitable traders apart from the rest. I believe that a person’s ability to handle and overcome stressful situations, like experiencing a drawdown, having…
The US dollar is not marching higher on war drums or geopolitical tension this week; it is grinding firmer for a more mundane, but no less stubborn, reason: there simply isn’t enough bearish nourishment on the table to justify being short at this week’s opening levels. Traders who had hoped for a cascade of negative…
Awaiting January U.S. Jobs Data and Puzzling Over Other Weird News February 11, 2026 The Labor Department’s monthly employment situation report, which will in addition include a variety of revisions to past data, is due within the hour. Analysts are anticipating an unchanged 4.4% jobless rate, marginally softer wage growth of some 3.6% year-on-year and…
Moody’s Ratings The US government is in the middle of discussing a generational tax cut and Moody’s just voted. The ratings agency downgraded the full faith and credit of the USA to Aa1 from Aaa. That means that all three ratings agencies have now removed the US top rating. The drop comes a year after…
What Are Weekend Markets? Weekend markets are broker-generated synthetic CFDs designed to simulate real asset prices (e.g., crude oil, NASDAQ 100, gold, forex pairs) during hours when official exchanges are closed. These are often labeled as: “Weekend Dow” “Weekend Crude Oil CFD” “After-hours NASDAQ CFD” “24/7 market trading” These products are not traded on any…
Inflation data from Australia for the October- December quarter and for December month, 2024. Headline inflation numbers come in lower than expected. +2.4% y/y expected 2.5%, prior 2.8% +0.2% q/q expected 0.3%, prior 0.2% Trimmed mean (a measure of core, or underlying inflation) 3.2% y/y expected 3.3%, prior 3.5% 0.5% q/q expected 0.6%, prior 0.8%…