Red Hot U.S. Inflation Spurs Massive Dollar Gains The US Dollar has been on a tear since last Wednesday when Consumer Price Indexes showed that inflation in the U.S. climbed to its highest level in 30 years. The CPI surged 6.2% from a yearly perspective (0.9% month over month), bringing inflation to levels last seen […]
Bitcoin’s Much Anticipated Taproot Upgrade Is Here by Bogdan Giulvezan The crypto market just reminded us how volatile it is and how much it can move in a single day: Wednesday, November 10, Bitcoin charted a fresh All-Time High at $69,000, and the same day it dropped to a low of $62,856. It is currently […]
Dollar Back On Track, U.S. Inflation Data Up Next by Bogdan Giulvezan Last week the US Dollar Index (DXY) hit fresh yearly highs in the aftermath of the latest Fed meeting that marked the beginning of the much-anticipated reduction of asset purchases. The Fed decided to taper the quantitative easing programme by $15 billion each […]
Ethereum Hits New Landmark amid Deflationary Pressure by Bogdan Giulvezan Wednesday, November 3, Ethereum printed a fresh All-Time High at $4,668, successfully surpassing previous tops and establishing support at the key level of $4,500. The second-largest cryptocurrency by market cap has been on a bull run since late September, due in part to the network […]
NFP May Spark Major Moves by Bogdan Giulvezan The greenback made massive advances on Friday after the Fed’s favorite inflation measure showed that inflation is accelerating, thus making the case for earlier interest rate hikes. The Personal Consumption Expenditures (PCE) price index increased by 0.3% on a month-over-month basis, bringing the yearly inflation to 4.4% […]
ATH Broken. It’s Ethereum’s Time to Shine! by Bogdan Giulvezan On October 29, the second-largest cryptocurrency by market cap broke its previous All-Time High and set a new one at $4,405. The previous top is located at $4,373 and was reached on May 12 this year. If we compare the two, we can see that […]
ECB Policy Makers Likely To Keep Monetary Settings Unchanged By Bogdan Giulvezan The Euro edged higher against the US Dollar, although last week the pair traded mostly sideways, above resistance turned support. The dollar was affected by news that China’s Evergrande avoided a default, which boosted the appetite for riskier assets. However, some of the […]
Bitcoin Reaches All-time High and Multi-Year Low – All Within 2 Days by Bogdan Giulvezan The last couple of days have been a roller-coaster ride for the flagship cryptocurrency: on October 20, it reached a new all-time high at $66,909 according to CoinMarketCap data and on some exchanges, it climbed as high as $67,016 (Bitstamp). […]
Get Ready For A Big Move In The Dollar by Bogdan Giulvezan The US Dollar rallied against its major counterparts since September, fueled by expectations that the Fed is set to begin tapering of the monetary stimulus sooner than initially expected, due to positive signs shown by the economy. Last week the Fed released the […]
Bitcoin Futures ETF in the Works. The Battle for the ATH Is On by Bogdan Giulvezan Today Bitcoin reached $60,000 for the first time since April and looks poised for additional gains as bullish pressure is mounting. The reason: the U.S. Securities and Exchange Commission (SEC) is likely to allow the first U.S. Bitcoin futures […]