EUR/USD consolidates near 1.1200 after an extended decline from 1.1700. A slow economic calendar translated into ranging price action last week, and not much happened in terms of directional movement. The US Dollar Index (DXY), which measures the dollar’s performance against a basket of 6 other majors, opened the week at 102.01 and finished it […]
BTC/USD tests the 50-day moving average after rejection at $84,800 Bitcoin moved past $84,000, but it got rejected at $84,800, and now the bears are once again challenging the key level at $82,000. The bullish move coincided with large Bitcoin ETF inflows and a final rule on the GENIUS Act, implemented by the US Office […]
EUR/USD rebounds from the 1.1100 support zone, with 1.1200 a key level to reclaim. The US Consumer Price Index (CPI) shook the Forex market last week, sending the US Dollar Index (DXY) as high as 102.94 and EUR/USD as low as 1.1112. The dollar’s strength has since subsided, and the week ended lower, after 4 […]
BTC breaks support at $82K as bullish divergence emerges on the 4-hour RSI. Bitcoin declined sharply after the main gauge of inflation in the US increased more than analysts had expected, sending the odds of another rate hike higher. The original cryptocurrency dropped as low as $79,600 on Thursday, moving further away from the key […]
EUR/USD holds near 1.1200 as bearish momentum meets oversold conditions. The US Dollar Index (DXY), which measures the dollar’s strength against a basket of six other major peers, ended its fourth consecutive week of gains, marking the longest streak since 2025. US Treasury yields remained elevated, providing fuel for the dollar’s rally, but momentum was […]
BTC tests $82K support after failing twice to break above $87K. After a double top at $87,000, Bitcoin retreated to the key zone around $82,000, which puts the OG crypto at a crossroads that may determine the next major move. After the initial push to $87,000, BTC retreated close to $82,000, but it did not […]
EUR/USD tests 1.1200 after breaking below its long-term trading range. The dollar extended its gains throughout the week, reaching a 17-month high against the euro, despite softer-than-expected inflation data. The Fed’s preferred inflation gauge, the Core PCE Price Index, showed a 0.2% change, lower than the predicted 0.3%. The odds of another 25-bps rate hike […]
BTC bounces off $82K, challenging the previous peak at $87K Bitcoin started October on a bullish note, briefly piercing $85,000 after the US PCE Price Index showed that inflation is softer than anticipated. This increased the appeal of risk assets such as cryptocurrencies and lowered the odds of an October rate hike to 40% at […]
EUR/USD breaks below 1.1400 as oversold RSI raises rebound risks The US Dollar continued to strengthen after the Fed decided to increase the interest rate to 4.0%, and the US Dollar Index (DXY) reached multi-month highs. Against the euro, the dollar pushed below the 1.1400 threshold, which was a barrier that confined the price for […]
BTC retreats from $87,300 but remains above the key $82K breakout level Despite the Clarity Act Senate setback, Bitcoin broke through the key resistance at $82,000 and peaked above $87,300 before retreating into the $83,000 area. Soon after the failed Clarity vote, the Securities and Exchange Commission (SEC) announced new and favourable rules for tokenised-asset […]