Professional Trader Blog - BinaryOptions.net

Inflation Woes – Easter Edition: PCE Expected to Drop

Mar. 25, 2024

EUR/USD – Dollar Bulls Challenge Support As expected, the Fed kept the interest rate locked in place at 5.50% last week, but Fed Chair Powell’s relaxed attitude bolstered hopes of a June cut. At the time of writing, The CME FedWatch tool shows there is a 67% probability that the U.S. interest rate will be […]

Is the Allure of Bitcoin ETFs Fading Away?

Mar. 22, 2024

Bitcoin’s Ebbs and Flows: Are We About to Enter a Ranging Market? Bitcoin Exchange Traded Funds carried the heavy load of the last massive rally that took Bitcoin (BTC) to the All-Time High of $73,794 but some might say their appeal is starting to wear off. Bitcoin’s price, a barometer of market sentiment, has retreated […]

U.S. Inflation Is… Inflating Again. Fed Meeting Ahead

Mar. 18, 2024

Dollar Bulls vs Euro Bulls: The Battle for 50 MA Last week the U.S. Consumer Price Index flew past expectations, swelling to 0.4% from the expected 0.3% (Core CPI) and to 3.2% from the previous 3.1% (yearly headline CPI). The greenback flexed its muscles against all of its 6 counterparts included in the US Dollar […]

Bitcoin’s Unpredictable Journey and El Salvador’s Bold Move

Mar. 15, 2024

Bitcoin’s Temporary Dip: A Discount for a Highly Sought-After Asset? Bitcoin’s journey through the financial stratosphere has been anything but linear. Recently, the digital currency experienced a downturn from its peak, a reminder of its inherent volatility and its “I can turn on a dime” attitude. But then again, maybe the drop was not that […]

NFP Report Overshoots Again. Attention Shifts to CPI

Mar. 11, 2024

Euro Bulls Eye 1.1000. Can the Bears Do Anything About It? It’s almost becoming a trend for the Non-Farm Payrolls to extend way beyond the expectations in 2024. Thus far, all three NFP reports of the year came out better than expected. In January, the actual number was 216K (expectations: 168K); in February we had […]

Bitcoin’s Ups and Downs: New All-Time High Achieved

Mar. 08, 2024

The $10,000 Pullback – Is It Enough? On the 5th of March, the apex cryptocurrency reached its newest All-Time High of $69,210, surpassing the previous ATH by just $210. Of course, depending on what chart you are looking at, this can differ because some exchanges list the previous ATH at $68,900 and the new ATH […]

NFP Anticipation. Will It Sway the Fed Rate Decision?

Mar. 04, 2024

EUR/USD Stuck in a Tight Range: What Will Trigger the Breakout? Last week’s focus was mainly on inflation but overall we didn’t see any major directional developments. The Dollar Index (DXY) and EUR/USD traded mostly sideways, with the Core PCE Price Index showing the forecasted reading of 0.4% and the Eurozone Core CPI coming out […]

Bitcoin Explodes Above $60K. Halving Euphoria?

Mar. 01, 2024

RSI Goes Into Extreme Overbought – Cause for Concern? Bitcoin’s recent rally took the apex cryptocurrency to a high of exactly $64,000 according to TradingView charts, which is just $5K shy of its All-Time High (ATH) of $69,000. Currently, Bitcoin is changing hands at $61,600 and it looks like it has entered a cooling-off period […]

Rate Cuts Delayed? Inflation Data Takes Center Stage

Feb. 26, 2024

EUR/USD: Massive Rejection at 50 MA. Where to Next? The U.S. Dollar index was poised for its first weekly decline of 2024 on Friday, as investors paused their purchasing of the currency after a nearly two-month surge driven by expectations that the Federal Reserve would start reducing rates later than initially anticipated. In an interview […]

Bitcoin ETFs: Shaping the Future of Crypto

Feb. 23, 2024

Bitcoin’s Chart Analysis: Beyond the ETF Hype The debut of spot Bitcoin ETFs has caused excitement in the crypto market, attracting both new and experienced investors. These ETFs simplify Bitcoin investment, making it easier for those hesitant about digital wallets and exchanges. However, the impact on Bitcoin’s core principles and long-term stability is a subject […]