The main story of the day are new lunched BitCoin futures on CBOE exchange, where we saw BTC futures moving up by 20% after the lunch, but there were a few halts already because of sharp moves. Because of more valid price data, we will continue to track spot market, where we still see room for 18k within wave (5).
BTCUSD, 45Min
Regarding stock and USD we think it can be very volatile this week as FED is expected to increase rates. We have seen some USD gains lately, so that increase can already be priced in, which means we may in fact see lower USD. There is also EURUSD in a three wave decline and open gap near 1.1890, so clearly we expect a bounce on this pair.
EURUSD, 1h
At the same time, there is a change for stocks weakness. Dax per example is seen in a very complex three wave pattern; a EW flat with subwave C) underway to around 13300 where we will expect a turn lower after a completed ending diagonal.
Dax, 1h
