Business

Submitted by Shant Movsesian and Rajan Dhall MSTA fxdailyterminal.com

Minutes after FX markets opened on Sunday evening, USDJPY surged back above its pre-ABC Flynn headline plunge levels, pushing up towards 113.00...

Bullish suport for FX carry (and implicitly equity futures when they open) is provided by the Senate Republicans after-hours vote for a corporate tax rate cut.

And suggests S&P futs will open 10pts higher...

Authored by Randy Russell via Medium.com,

The way the bitcoin ecosystem will play out is written in the mathematics of its consensus rules; we should all know the three phases it will go through.

First Era: Satoshi’s Free Offer (2009–2014)

Authored by Wolf Richter via WolfStreet.com,

This is where Hype Goes to Die...

Yesterday was the monthly moment of truth for automakers in the US. They reported the number of new vehicles that their dealers delivered to their customers and that the automakers delivered directly to large fleet customers. These are unit sales, not dollar sales, and they’re religiously followed by the industry.

Authored by Sven Henrich via NorthmanTrader.com,

No period is worse for bears than when it’s the best time to sell stocks. It’s the polar opposite of when conditions are worst for bulls, right when it’s the best time to buy as it was in January-March 2009. The exhaustion factor is enormous. It’s called capitulation as moves get stretched to the extreme even though the set-up is valid.