EUR/USD in Range Mode. Can the Bulls Renew the Uptrend? Last week, the greenback weakened across the board after the annual inflation numbers met expectations, and the monthly CPI edged higher, increasing by 0.4% (forecast 0.3%). Inflation is not accelerating at an alarming pace, but the yearly CPI sits at 2.9%, which is almost a […]
Bitcoin Bounces Inside Parallel Channel. New ATH Next? Bitcoin managed to reclaim the barrier at $112K earlier this week, after Wednesday’s Producer Price Index (PPI) release, which surprisingly fell below expectations. Last month’s PPI was a catalyst for volatility as well but it surprised to the upside, diminishing the chances of a rate cut by […]
EUR/USD Bulls Rejoice over Multiple Rate Cut Prospects Friday’s Non-Farm Payrolls (NFP) report stunned traders, showing that fewer than expected jobs were created during the previous month, and fuelling rate cut speculation. Only 22K jobs were created, while the anticipated number was 75K, and the previous was 79K. According to the CME FedWatch tool, a […]
Bitcoin Treads Water Ahead of Crucial NFP Release Bitcoin is starting to attract some love from investors, signaling that sentiment is turning positive after a series of outflows from spot Bitcoin ETFs. In last week’s post, we talked about a shift from BTC Exchange Traded Funds (ETFs) to Ethereum ETFs and how the latter brought […]
EUR/USD Tests Key Trend Line and Horizontal Barrier at 1.1700 The Core PCE Price Index rose 0.3%, in line with expectations, which initially sent the dollar higher, but the gains were later erased, setting the dollar up for a monthly loss. The markets are now pricing in a rate cut in September, with an 87% […]
$112K: The Key for Medium Term Price Action Bitcoin’s recent weakness and Ethereum’s new All-Time High (ATH) at $4,958 brought back talks about “The Flippening”, a term first coined back in 2017. After Bitcoin’s own ATH at $124,500, reached on August 14, buyers seemed to abandon the OG coin in favour of its younger brother, […]
EUR/USD Tests Resistance After Powell’s Comments Last week’s main attraction was Jerome Powell’s last speech at the Jackson Hole Symposium as Fed Chair, and it didn’t fail to deliver volatility. Friday, the dollar fell across the board as Powell pointed towards a rate cut in September and adopted a dovish stance; however, he did not […]
Double Bottom in Play. A Bullish Pattern With High Chances of Success After printing yet another All-Time High (ATH) this year, Bitcoin retreated sharply into the $112K area and is now trying to find its footing again. The level at $112K provided strong support in the past, and on Wednesday, Bitcoin showed the level is […]
EUR/USD Tests 1.1700 Again. All Eyes on Powell at Jackson Hole U.S. inflation is again garnering all the attention as the sweeping tariffs imposed by the Trump administration on several countries are starting to show their effects. Although the U.S. Consumer Price Index (CPI) released last week was mostly in line with expectations, the Producer […]
Bearish Divergence Flashes a Warning. Pullback Next? After a false break of the $120K – $116K range, Bitcoin made a sharp reversal at $112K and broke the upper boundary, reaching an All-Time High (ATH) above $124K. The push was largely triggered by growing expectations that the Fed would loosen monetary policy at the September meeting. […]