Dollar Braces for Fed Talks as Ukraine Concerns Rise by Bogdan Giulvezan After a brief Euro resurgence, the single currency failed to move above resistance against the US Dollar, and last week the pair erased all gains made a week prior. The markets are largely focused on tensions between Russia and Ukraine, especially because Sunday […]
Altcoins Play Follow-The-Leader The apex cryptocurrency – Bitcoin – has been on a skid since early-November 2021 but earlier this month it showed some bullish signs, making us anticipate that a bottom is near. However, just as bullish action seemed to pick up, Bitcoin dropped through the crucial support at $40,000 to an intraday low […]
Beware The EUR/USD Breakout After almost two months of choppy trading inside a tight range, the Euro finally broke through and staged a bullish move that took the pair very close to the key resistance at 1.1500. However, this movement is likely due to US Dollar weakness, rather than Euro strength. The U.S. Retail Sales […]
Bitcoin Exchange Outflows Show an Uptick. Bull Run in the Making? by Bogdan Giulvezan Exchange inflows and outflows are oftentimes a good indicator of future price action for the crypto market in general and Bitcoin in special. According to on-chain data analytics firm CryptoQuant, the Bitcoin exchange outflow has recently increased and this may have […]
U.S. Jobs Report Misses Expectations, Focus Shifts to Inflation Data by Bogdan Giulvezan The first week of the year was poor for the US Dollar as the Non-Farm Payrolls report showed that only 199K new jobs were created during the previous month, as opposed to the expected 426K. This abysmal reading allowed the Euro to […]
The Dip Continues: Bitcoin on the Verge of Dropping below $40K by Bogdan Giulvezan Since the 9th of November 2021, Bitcoin (BTC) has been sliding lower and it is now rapidly approaching the key handle at $40,000. The level acted as good support in the past, and is also a psychological mark, just as all […]
Starting the Year with a Bang – Non-Farm Payrolls Report For the last month of 2021, the EUR/USD has been stuck in a relatively tight range, mostly due to end-of-year holidays and lack of volume. The pair is now trading right at the 50 period Moving Average on a Daily chart, and if we combine […]
2021 – The Year of FUD, FOMO, and Wild Swings In Bitcoin We have to admit that 2021 has been a wild year for Bitcoin, with multiple swings, gains that topped 100%, and losses that seemed unrecoverable… until they were completely recovered. We started the year around $30,000 and by mid-April, BTC was ruling the […]
What To Expect From The Euro In 2022 by Bogdan Giulvezan The first half of 2021 was wobbly for the Euro-Dollar pair but since June, the Euro embarked on a bearish journey, dropping from roughly 1.2200 to a low of 1.1186. The main point of interest during this second part of the year was the […]
$50k Barrier Reclaimed. by Bogdan Giulvezan With a few minor exceptions, all Top 100 coins are in the green this week, with some of them posting double-digit gains. The biggest gainers in the Top 10 are TERRA (LUNA) with more than 54% in the last 7 days and Ripple (XRP) with almost 21% over the […]