Cycle Trading: Day of Reckoning — Delayed

LikesMoney Independent Analyst

This its week 27 for the intermediate equity cycle. Since only 2 out of the previous 10 intermediate cycles stretched past 26 weeks, stocks are deep in their timing band for an intermediate cycle decline. And Thursday's action seems to have postponed the day of reckoning for another 6 - 8 weeks.

Stocks did form a weekly swing high this week. A weekly swing high this deep in the weekly cycle should send stocks into their intermediate cycle decline. However, stocks printed a daily swing low on Thursday. The daily swing low formed above the lower daily cycle band to trigger a cycle band buy signal. The daily swing low also indicates that Wednesday was the daily cycle low. A close above the 10 day MA will confirm the new daily cycle. And if a new daily cycle is confirmed, that will shift the intermediate cycle low out for another 6 to 8 weeks.

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LikesMoney

Independent Analyst

Assets (such as stocks, gold, and the dollar) have identifiable cycles.

EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator at 54 is edging higher, signaling improving momentum. RSI near mid-50s keeps momentum balanced. A sustained push above 60 would firm bullish control.

GBP/USD holds medium-term bullish bias above 1.3600

The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s interest-rate cut weighs on the Pound Sterling against the Greenback.

Gold sticks to gains above $5,000 as China's buying and Fed rate-cut bets drive demand

Gold surges past the $5,000 psychological mark during the Asian session on Monday in reaction to the weekend data, showing that the People's Bank of China extended its buying spree for a 15th month in January. Moreover, dovish US Federal Reserve expectations and concerns about the central bank's independence drag the US Dollar lower for the second straight day, providing an additional boost to the non-yielding yellow metal.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.