News 

Banks, Rival Markets Benefit From US-China Trade Spat

“The company plans to produce as much as half of its goods currently affected by China trade tariffs outside the market, according to reports” reports pymnts.com. With trade tensions continuing between the U.S. and China, analysts are finding a shift among global supply chains away from the Chinese market, to the benefit of markets that traditionally don’t see much trade volume.Steve Madden is one retailer that publicly announced its efforts to move its supply chain operations out of China. Source: pymnts.com Share This:

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News Regulators 

This is the one chart the Fed must watch right now, veteran economic forecaster says

“According to Economic Cycle Research Institute co-founder Lakshman Achuthan, they’re largely missing a critical economic trend that shows inflation is in a downturn” writes unknown author for cnbc.com. On “Trading Nation” last April, he turned sour on economic growth because leading indicators were pointing to a slowdown that was picking up momentum.A veteran economic forecaster is worried the Federal Reserve and Wall Street are looking at inflation all wrong. Source: cnbc.com Share This:

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GBPUSD trades to new session lows on no-confidence vote rumblings.

“Looking at the hourly chart, the 1.2468 is a lower trend line with a number of tests including the low from yesterday” reports forexlive.com. Earlier the price on the pair fell back below a broken trend line which turned the bias back to the downside ( Earlier the price on the pair fell back below a broken trend line which turned the bias back to the downside ( see post here ). Source: forexlive.com Share This:

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Crypto Markets News 

Extensive Bear Trend Forces ConsenSys to Slightly Pivot its Business Model

“His company, ConsenSys, will undergo a restructuring in the near future” writes Jp Buntinx for livebitcoinnews.com. This trend, while negative, doesn’t have to remain a negative per se.Chief executive Joseph Lubin confirms this troublesome trend enforces some major changes. Source: livebitcoinnews.com Share This:

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Markets News Stocks 

A looming death cross for the S&P 500 highlights a stock market in tatters

“The S&P 500 index is set to join the ranks of market benchmarks forming that dreaded Wall Street chart pattern: the death cross” writes Mark Decambre for marketwatch.com. A death cross is what chart watchers refer to as the point where the 50-day — a short-term trend tracker — crosses below the 200-day, which is used to define the longer-term trend.Read: Bearish death crosses keep popping up, this time in retail and technology stocks A death cross is setting up in the S&P 500 SPX, -1.50% , with the 50-day…

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Crypto News 

If you like Bitcoin, there is a trend line to lean against

“If you like bitcoin and want a low risk level to lean against, this is a level to lean against for a trade” reports forexlive.com. The fall lower today has now taken the price to a lower trend line connecting recent lows (see red numbered circles).The move lower got going again, when yesterday, the price on the hourly chart tested the converged 100 and 200 hour MAs (blue and green line).The price of Bitcoin on Coinbase is lower by about $187 at $3710.The price did try to go above those…

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