EUR/USD Clears Key Channel, but Thin Volume Limits Follow-Through The US Dollar finished its second straight week in the red, mostly because a Fed rate cut is almost fully priced in. The US Dollar Index (DXY), which measures the greenback’s performance against a basket of 6 other currencies, opened last week at 99.480 and finished […]
Bitcoin Prints Higher Low After Bear Exhaustion. $100K Next? The U.S. labor market continues to weaken, signalling that the Fed must step in and cut the rates to ease the pressure and allow the economy to recover. That’s good for Bitcoin! But Bitcoin doesn’t really care. The ADP Non-Farm Employment Change report came out on […]
EUR/USD: Bulls Aim For Key Resistance Break. Fed Rate Cut Drags Dollar Lower The US Dollar ended November on the defensive, with weakness triggered mostly by the market pricing in a high probability of a December cut. Data from the CME FedWatch tool shows an 86% chance of a 25 bps rate cut at the […]
Temporary Recovery or Full-Scale Reversal? The Next Days Will Tell A December rate cut is back on the table, and Bitcoin is back on the rise after a major drop that saw it change hands as low as $80,537. The $80K low was reached last Friday, when Bitcoin was the cheapest it’s been since April. […]
EUR/USD Set for Sideways Action Unless Economic Data Surprises The dollar ended a week of gains against most of its peers, after the highly anticipated Non-Farm Payrolls (NFP) report came out with mixed results. Job creation in the United States is not a major concern, as shown by last week’s NFP: 119K new jobs were […]
RSI Enters Oversold. Is It Enough to Spark a Rally? Just a month and a half ago, Bitcoin was printing its All-Time High (ATH) above $126K, and this today it is trading at $86K, entering what many are calling a bear market. This tumble was more than just profit taking after a historic high; it […]
EUR/USD Keeps on an Upwards Path Ahead of September’s NFP Release The U.S. government resumed regular operations last week, and thus the longest shutdown in modern history came to an end. During the shutdown, markets were starved of information as no major data was released, most notably the inflation and jobs reports. Due to the […]
Bitcoin at a Critical Juncture: $100K Shattered. Are We Dealing With a False Break? Crypto markets were lifted mid-week as the longest government shutdown in modern American history officially ended on Wednesday, November 12. President Trump signed into law the bill passed earlier by the House of Representatives, thus resuming government activities after a 43-day […]
Lack of U.S. data pressures the dollar, but euro momentum is fading near 1.1600 resistance. The U.S. government shutdown is officially the longest in history, and now two jobs reports have fallen victim to it. The latest Non-Farm Payrolls report was supposed to come out last Friday, but the release was scrapped. The main gauge […]
xsdCrucial Battle at $100K as RSI Approaches Oversold and ‘Buy-The-Dip’ Opportunities Arise Bitcoin fell below the historic $100K threshold for the first time since June, but ‘smart money’ saw this as a great opportunity to buy the dip. The price recovered from a low of $98,900 to $104,500, and the main driver seems to be […]