EUR/USD remains bearish despite ECB rate hike and recent rebound The dollar gave back some of its gains last week after a mixed CPI reading and heightened optimism that the Middle East war is nearing its end. The euro was boosted by the European Central Bank’s (ECB) decision to hike the interest rate from 2.15% […]
Weekly RSI divergence hints at a broader recovery attempt. Bitcoin has recovered above the critical $60K level after falling as low as $59,100 during last week’s trading session. The US inflation numbers came out on Wednesday, with mixed implications for Bitcoin. The month-on-month Core CPI eased to 0.2% (previous: 0.4%; expected: 0.3%), which reduces the […]
EUR/USD trades below major moving averages after support break The US Dollar posted substantial gains after the release of the Non-Farm Payrolls (NFP) report on Friday; the NFP showed that 172K new jobs were created last month, more than double the forecast of 85K. A strong labor market, coupled with concerns of rising inflation due […]
Oversold RSI hints at relief rally, but trend remains bearish The selloff in cryptocurrencies worsened this week, with Bitcoin falling below the critical support at $65K and reaching a low of $61,300. The crash is happening as institutional investors are dumping spot Bitcoin ETFs and geopolitical risks are rising. Capital is moving out of cryptocurrencies […]
EUR/USD remains range-bound with 1.1700 acting as key resistance Market movements remain strongly correlated to the developments in the US – Iran war, with a potential ceasefire extension creating ripples of volatility. Both parties suggested that a draft agreement is being prepared, but friction points remain, and the rhetoric changes almost on a daily basis. […]
Bears gain control as BTC trades below major support zone After failing to break through $82,000 at the beginning of May, Bitcoin started a fresh selloff, which is still underway, despite Trump declaring the US the ‘crypto capital of the world’. The selloff was accelerated by massive spot Bitcoin ETF outflows, with BlackRock’s IBIT fund […]
EUR/USD tests 1.1600 while indicators show weak momentum. The dollar traded at a six-week high at the end of Friday’s session, with volatility fuelled by some signs of progress in the negotiations between the US and Iran. In a Truth Social post made on Saturday, President Trump said that an agreement with Iran has been largely […]
BTC loses ascending channel while $75K support comes into focus After several failed attempts to break through the resistance at $82K, Bitcoin fell below support and exited the ascending channel. These are clear signs of weakness, which jeopardize the prospect of a more substantial recovery. On Monday, spot Bitcoin ETFs registered huge outflows, totalling $648 […]
EUR/USD turns bearish after decisive break below key support The dollar had a stellar week against the euro and other majors as inflationary pressures sent the probability of a rate hike by the end of the year higher. The US Core Consumer Price Index (CPI) exceeded expectations, posting a 0.4% increase from last month’s 0.2%, […]
BTC remains capped below highs with bearish signals emerging The Digital Asset Market Clarity Act was voted through by the Senate Banking Committee on Thursday, but it still faces several significant obstacles. The bill needs 60 votes to pass the full Senate, and the Republicans only hold 53 seats. This means that 7 votes must […]