EUR/USD tests 1.1400 support after breaking key trend line. As the war in Iran rages on, with no immediate end in sight, the dollar has become the preferred safe-haven currency of investors. The US Dollar Index (DXY), which measures the dollar’s performance against a basket of 6 major peers, ended last week at 100.49, which […]
Range breakout needed to unlock $77K target In the past two weeks, Bitcoin bulls have tried to stabilize the price above $70,000 and even breached the $71,000 barrier three times. Unfortunately, all these attempts were met with rejection, failing to develop into a sustained rally. The main reason for crypto weakness has been the combined […]
EUR/USD clings to 1.1600 support zone as RSI approaches oversold The U.S. job market lost 92K jobs last month, in stark contrast with the NFP forecast, which anticipated that 58K new jobs would be created. The previous number was also revised lower, from 130K to 126K, and the Unemployment Rate rose to 4.4% from the […]
Range breakout confirmed above $70K barrier The crypto market saw a rebound this week, with Bitcoin leading the charge and posting significant gains on Monday and Wednesday. Among the reasons for the recent surge, short liquidations played a big part, but also pro-crypto commentary from President Trump, who took a swing at banks for delaying […]
EUR/USD momentum stalls. Consolidation continues ahead of potential breakout Tensions between the U.S. and Iran have erupted in military conflict over the weekend as joint U.S. and Israeli forces struck Iran. The strike was aimed at destroying Iran’s nuclear capabilities and potentially overthrowing the current regime. According to a post made by President Trump on […]
BTC bulls aim for $70K resistance. Trend reversal incoming? Bitcoin started to gain traction after President Trump’s State of the Union (SOTU) address, even though the speech did not address crypto directly. It might have been just a coincidence, and the sudden shift in sentiment could stem from a totally different reason. Since mid-January, Bitcoin […]
EUR/USD slips below 1.1800 as bearish momentum builds The dollar lost ground against most of its major counterparts on Friday but finished the week higher against the euro after the Supreme Court ruled against Trump’s tariffs. According to the Court’s decision, the tariffs were imposed under a law that is meant for national emergencies, and […]
BTC tests $65K support as RSI nears oversold territory Bitcoin continued to drop throughout the week, weighed down by macroeconomic uncertainty and concerns regarding a conflict between the U.S. and Iran. On Wednesday, the FOMC minutes showed that the Federal Reserve is adopting a hawkish stance and is not in any rush to cut rates. […]
EUR/USD: RSI hovers mid-range as price action remains choppy The dollar ended last week mostly flat after Friday’s Consumer Price Index (CPI) report posted a lower-than-expected reading, at 0.2%. On a yearly basis, inflation in the U.S. is at 2.4%, lower than the anticipated 2.5% and the previous 2.7%. Earlier in the week, the Non-Farm […]
RSI approaches oversold again. All eyes on U.S. inflation The world’s leading cryptocurrency is getting hammered lately, after failing to rebound and move above key levels. But all is not lost because Bitcoin is also showing some signs of strength. Wednesday’s Non-Farm Payrolls report showed that the U.S. economy added 130K jobs, which is more […]