Holiday Trading Phase Begins Last week’s multitude of central bank meetings created irregular volatility but also left market participants exhausted. As the Holiday season is drawing near, we can expect to see sideways movement on most FX pairs, with potential jumps in volume and volatility. During last week’s meeting, the Fed announced that it will […]
Is Bitcoin Poised For Another Rally? by Bogdan Giulvezan Bitcoin is certainly a volatility monster and this was perfectly shown during 2020 when the digital gold traded below $4,000 in March only to finish the year above $29,000. Almost 50% of all these gains came in the last two weeks of December. And yes, we […]
Breakout in the Making? by Bogdan Giulvezan The Euro-Dollar pair has been trading sideways with low volatility, ahead of a plethora of central bank meetings, including the Fed and European Central Bank. This state of calmness is likely to continue until the Fed meeting scheduled for Wednesday; markets are pricing in a 91% chance of […]
Bitcoin on the Ropes, Ominous Signs Point Towards More Selling By Bogdan Giulvezan The flagship cryptocurrency is trading below $50K key support, with a medium-term bearish bias and with the potential to sink even lower. On December 4, Bitcoin suffered a flash crash, dropping slightly below $42,000 but has since recovered some of the losses, […]
US Dollar: Mixed Jobs Data Sparks Volatility The Non-Farm Payrolls report released Friday showed disappointing numbers, which came more than 50% lower than analysts’ consensus: anticipated 553K; actual 210K. The Average Hourly Earnings also missed expectations (anticipated 0.4%; actual 0.3%) but the Unemployment Rate surprisingly dropped to 4.2%, which is a 21-month low. Despite this […]
Bitcoin Stalls at Resistance Ethereum’s transition to ETH 2.0 is drawing closer and is expected to occur in 2022. Dubbed The Merge, the transition to Proof of Stake will bring multiple improvements to the network but until it can be fully implemented, Ethereum needs users to get involved as testers. Ethereum developer Marius Van Der […]
Fed Chair Testimonies and NFP Friday the Euro made notable advances against the US Dollar, on the back of the fears triggered by the new coronavirus variant, Omicron. However, on Monday the greenback erased some of the losses and recovered against the single currency, as the pacing of the monetary stimulus tapering took center stage […]
Black Friday Discounts Across the Board As Bitcoin declined below $60,000, many investors considered this an opportunity to buy at a discounted price, while others rushed to sell in fear that price may drop further. Currently, Bitcoin is trading around $56,700, after reaching a 6-week low at $55,128 on Tuesday. The flagship cryptocurrency is still […]
Dollar at 16-Month High, by Bogdan Giulvezan, Growing anxiety in Europe over the effect of rising COVID-19 infections pushed EUR/USD to a 16-month low. The safe-haven status of the US Dollar but also retail sales numbers that exceeded expectations last week in the United States played an integral part in the massive drop. Further strengthening […]
Bitcoin Drops below MA Support. Sell, Buy, Wait? The flagship cryptocurrency has slipped below the 50 days Moving Average for the first time since the 1st of October and is currently trading at $56,300, totaling a 13.0% loss over the last 7 days. Most of the top coins are trading in the red, with Ethereum […]