The Old Man’s Views

Beijing Biden and the Coming Big Bang

I’m running my computer and router on a generator because the power is off. What the hell is going on? For 20-years, since Bill “blow-me” Clinton, campaigned to get China into the WTO, what have we seen; Our wealth and jobs sent to China, Commodity yielding land sold to China. Chinese companies awarded contracts to…

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The Old Man’s Views

Oh, Joe! What did you do?

The great thing about internet searching is the algorithms that keep presenting you with the content it thinks you will like.   I was searching searching “major economic downturns” and “declines of empires”, and was presented with links to some new YouTube videos from sports events and rock concerts where people had filmed, not the…

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Cromwell FX Market View

NFP disappoint but USD remains in control

Despite a disappointing NFP on Friday the Dollar remained generally in control during the week. Yen lost across the board as treasury yields continued to rally. New Zealand dollar lost ground despite the RBNZ delivering its anticipated rate hike. Euro lost ground again as inflation pushed up to 3.4% YoY. Eurozone had expected higher inflation…

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Digital Asset Insights #36

Bullish? Bitcoin Long-Term Holder Supply Shock Ratio Goes to New Highs

Early last week, citing data from analytics company Glassnode, popular crypto strategic commentator Will Clemente outlined the significant trend change of long-term holders, along with their behavior towards the #1 cryptocurrency. The Bitcoin Long-Term Holder Supply Shock Ratio has gone into its highest territory in years, and historic comparisons reveal that this could mean that the price…

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Cromwell FX Market View

Greenback Returns to Dominance

The USD gained across the board as stocks continued to falter. This led to a broader stronger greenback. NZD was the worst performer as further lockdowns due to rising COVID infections led to traders pushing back the chance of a rate hike from October to later in the year. The Canadian Dollar continued to gain…

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The Digital Asset Landscape September 2021

September 2021 In Review The beginning of September saw Whales rushing in to purchase BTC even as the markets dipped – and then shock waves came as a confirmed gold investor began purchasing crypto’s largest coin. Vitalik Buterin had ideas about how to better integrate Doge by making its platform similar to that of ETH,…

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Cromwell FX Market View

Yen loses as Fed remains Hawkish

The USD was mostly flat against European pairs as continued issues around gas supply and the risk of inflation muted any gains against the greenback. Yen was the largest winner as a hawkish FOMC meeting accelerated treasury yields. The Canadian Dollar was the weeks best performer helped in most by a continuing strong oil price,…

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