BTC/USD: The Battle for $40K Is On! Ever since the rumors about spot Bitcoin Exchange-Traded Funds (ETF) started to spread, the crypto market has been on fire, with rallies happening all over the place. Every hint that the U.S. Securities and Exchange Commission (SEC) would likely approve the Bitcoin ETFs was met with a bump […]
Technical Perspective: EUR/USD at Crossroad The greenback staged a comeback last week, boosted by rate speculation and a strong rebound in Treasury yields. Just last week, Wall Street pundits were predicting close to 160 bps of rate cuts during 2024, but this forecast has now changed to roughly 124 bps of cuts for 2024. According […]
BTC/USD – Buy the Rumor, Sell the News? Ever since it caught the public’s eye, Bitcoin has been a polarizing subject, with harsh critics on one side and vocal adopters on the other. Now that Bitcoin ETFs are approved, the bickering will continue, despite the nod of approval that the Crypto King just received. Jamie […]
EUR/USD Technical Overview: A Choppy Start to 2024. Although last week was relatively lackluster in terms of economic releases, two indicators made the headlines and gave mixed signals regarding inflation in the U.S. The yearly Consumer Price Index (CPI) jumped from the previous 3.1% to 3.4%, while the monthly figure increased by 0.3% (previously 0.1%). […]
A Wild 2024 Begins: The Good, The Bad and The Ugly. On Wednesday, the financial world witnessed a significant shift as the SEC approved 11 spot Bitcoin ETFs. The greenlighted funds hail from notable firms like Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity, and Franklin Templeton. The Good U.S. investment app Robinhood […]
The Buck Buckles Up for Inflation Data. CPI Ahead. Last week’s Non-Farm Payrolls report showed that the jobs market in the United States is stronger than expected, which could determine the Fed to postpone the rate cuts. Before the NFP release, the probability of a rate cut in March was around 90% but at the […]
Technical Take: Bitcoin’s Reaction to Possible SEC ETF Approval. Bitcoin ETF has been a hot topic for the last few months and there is growing anticipation on social media that the SEC may greenlight a spot BTC ETF this Friday, aka TODAY! This buzz has been partly sparked by a tweet from Grayscale’s chief legal […]
NFP Release: Setting the Stage for 2024. Inflation remained the highlight in 2023, just as it has been in 2022, but the Fed and the other central banks across the globe largely managed to tame it. The Federal Reserve led the charge in the fight against inflation, successfully curbing it by increasing the interest rate […]
The Rise of Bitcoin in 2023: ETFs Lead the Charge. Since October, Bitcoin bulls have been dominating the market, pushing the “digital gold” to a 2023 high at $44,729, according to TradingView charts. Without a doubt, one of the main drivers of the rally has been the hype surrounding Bitcoin Spot ETFs and their impending […]
Charting the Course: EUR/USD and the Battle at 1.1000 The greenback was on the retreat last week, with the Dollar Index (DXY) finishing at 101.70, which is the lowest dip since July 2023. The dollar drop was exacerbated by the Fed’s monetary policy pivot, which now makes rate cuts in early 2024 an almost sure […]