Bitcoin Tumbles Towards Support. ‘Buy the Dip’ Opportunity? On Thursday, U.S. President Donald Trump and Chinese leader Xi Jinping had a productive meeting in South Korea, which effectively puts the trade war on ice. According to President Trump, it was “an amazing meeting,” and from here on out, trade between the two countries will increase. […]
EUR/USD Stuck in a Range Ahead of Fed Announcement U.S. inflation cooled down in September, according to the data that came out last week, albeit delayed due to the government shutdown. The CPI and Core CPI showed 0.3% and 0.2% increases, while the forecast saw them at 0.4% and 0.3%, respectively. This puts the Fed […]
Bitcoin Exits the Parallel Channel. Uptrend Prone to Short-Term Risks. On Tuesday, October 21, Gold recorded its steepest one-day drop in over 12 years. The same day proved prolific for spot Bitcoin ETFs, with over $477 million in inflows. Ethereum ETFs added $141 million, which is a clear indication that money is moving into riskier […]
EUR/USD in Limbo. Inflation Data to Provide Some Clarity The US Dollar is feeling the effects of the government shutdown that choked the economic data stream, leaving the market in the dark. Some pundits see the shutdown extending into November, and if the forecast becomes reality, this will become the longest government shutdown. In 2018, […]
Key Support Lost. Regaining $112K Is Crucial For Bitcoin The crypto market is still recovering from the flash crash seen last Friday, and it looks like the bears are in control of short-term price action. The sentiment improved earlier in the week when Fed Chair Jerome Powell offered strong clues that the central bank will […]
EUR/USD: Two Weak Hands Battling It Out. Choppiness Ahead? The trade war took center stage again last week after President Trump reignited tariff woes by threatening new 100% levies on China. The President also said he will likely cancel a planned meeting with China’s President Xi Jinping after China revealed plans to expand its control […]
RSI Signals Correction Incoming. $120K Next? Bitcoin was pushing into uncharted territory, having traded as high as $126,270 on Monday, October 6; with this new ATH in place, many pundits see $130K as the possible target. However, downside risks are starting to emerge. The main catalyst behind this rally is institutional buying, mainly ETH activity, […]
EUR/USD Moves Sideways. U.S. Data Eyed for Next Move To the disappointment of many, the release of the Non-Farm Payrolls (NFP) report was delayed last week due to the U.S. government’s partial shutdown. The release is crucial for gauging the situation of the labor market in the U.S. and plays a key role in the […]
Bitcoin Faces Resistance Cluster. Are the Bulls Committed Enough? Historically, the month of October is kind to Bitcoin and the crypto market in general, hence the nickname “UPtober”. And it looks like this October lives up to its nickname, at least thus far, albeit we are still in its early days. On Thursday, October 2, […]
EUR/USD at Crossroads – 1.700 Break In Question Last week’s story was inflation, and this week is all about jobs, with the Non-Farm Payrolls (NFP) report just around the corner. The U.S. Core PCE Price Index rose 0.2% month over month, as expected. The yearly figure also matched consensus, rising 2.9% and keeping the narrative […]