Rate Cut Hopes Evaporate. Could This Hinder Bitcoin’s Rally? Bitcoin managed to break out of the symmetrical triangle that confined it since late May, showing renewed interest from almost all market participants. The main driver of the recent bullish cycle seems to be the strong performance of Bitcoin spot ETFs. These investment vehicles registered 15 […]
EUR/USD Uptrend Sees Fresh Gains. RSI Warns of Pullback The greenback finished last week deep in the red, falling to multi-year lows against the Euro amid tensions between President Trump and Fed Chair Powell. The former is expected to nominate a successor to the Fed helm even though Powell is still supposed to be the […]
Support in Place: Are The Bulls Getting Ready For Massive Breakout? As the Middle East conflict cooled off, the crypto market stabilized across the board, with most of the Top 10 coins erasing a significant portion of the previous losses. The relief rally was mostly triggered by the announcement of a ceasefire between Israel and […]
EUR/USD Targets Support. Bearish Divergence Signals Uptrend Exhaustion. Over the weekend, American jets struck three of Iran’s nuclear facilities, a move which comes after days of uncertainty regarding President Trump’s willingness to engage in the conflict. It is clear now that the U.S. has joined the conflict but it remains to be seen how the […]
Bitcoin Trapped Inside a Symmetrical Triangle. Breakout or Breakdown? The markets had a knee-jerk reaction to the Fed’s decision to keep the interest rate unchanged, as was widely anticipated. What caught markets by surprise was the dialing back of the rate cut expectations by the Fed, mentioning increased inflation risks coming from President Trump’s tariffs […]
EUR/USD Breaks 1.1500. Is 1.1700 Next? The US Dollar advanced against its major counterparts on Friday after Israel bombed Iran’s nuclear facilities but overall the week was bearish. The USD is currently trading at 1.1540 against the Euro and erased some of the losses incurred earlier in the week. However, the dollar’s gains were small […]
Can Bitcoin Bulls Make a Comeback? Key Level May Provide an Answer The crypto market had a good start to the week, with Bitcoin jumping from $105,400 to a high of $110,600, closing the day very close to the top. Trump’s tariffs negotiation is making headlines every day and this time it was no exception. […]
EUR/USD Runs Out of Steam. Double Top Warns of Uptrend Exhaustion The U.S. labor market added 139K new jobs last month, surpassing the expected 126K and boosting the US Dollar against most of its major peers. The Euro slipped below the 1.1400 mark against the greenback and the European Central Bank (ECB) cut the rate […]
BTC/USD Approaches Support. The NFP May Decide Whether It’s a Bounce or a Break After printing a fresh All-Time High (ATH) at $112,000, Bitcoin started a correction that took it as low as $100,400 but some losses were erased and is currently changing hands at $102,900. Bullish momentum has waned, volatility is low and there […]
EUR/USD Bounces Off Support: Sideways Movement on the Horizon The Fed’s preferred inflation gauge showed last week that Trump’s tariffs are yet to have an effect on prices because at least until now, they have not climbed drastically. The U.S. Core PCE Price Index (month over month) posted a 0.1% change, exactly as anticipated. The […]