EUR/USD at Support. Fundamentals to Decide Next Move. U.S. inflation heated up in February, as shown by Friday’s Core PCE Price Index which increased by 0.4% in February, more than the expected 0.3%. This stifled the dollar’s recovery and erased all gains made earlier in the week. The market is still waiting for clarity regarding […]
Bullish Divergence in Play. Can Bitcoin Close Above $90K? The rally that started on March 11 looked relatively frail right from the start, with small green candles, low volume, and a lack of momentum. The price action looked like a drop waiting to happen right from the start but despite this, Bitcoin slowly climbed higher […]
EUR/USD Pulls Back from Overbought, Eyes 1.0775 Support The greenback finished the week higher against the Euro for the first time this month and it looks like uncertainty is easing, albeit just slightly. The Fed decided to keep the rate unchanged, as did the Bank of England and the Bank of Japan last week. Also, […]
New Whales Emerge. Trump Doubles Down on His Pro-Crypto Approach On March 20, President Trump notched another “first” in the history of cryptocurrency mainstream adoption by appearing at the Blockworks Digital Asset Summit. This is the first time an American President has participated in a crypto summit and shows how far crypto has come in […]
EUR/USD to Take a Breather. Deeper Correction Underway? The CPI data that came out last week showed that the Fed is on the right track to reach the 2.0% inflation target but there is still a long way to go. The Headline CPI showed a 0.2% change from the previous 0.5% and the anticipated 0.3%, […]
BTC/USD Prints New Low. Bulls Are Nowhere to Be Seen Bitcoin is starting to show signs of recovery although the broader picture still favours the bears. Wednesday, the U.S. Consumer Price Index posted better-than-expected numbers, showing that inflation only advanced 0.2% as opposed to the anticipated 0.3% and the previous 0.5%. The yearly numbers came […]
The Euro Flexes Its Muscles, Gains 500 Pips on US Dollar. Pullback Next? President Trump’s new tariffs for Mexico and Canada are creating chaos for the US Dollar, driving it to new lows against most of its main counterparts. The US Dollar Index (DXY), which measures USD performance against a basket of 6 major currencies, […]
Cryptocurrency Policy Meeting at the White House. Breakout or Breakdown? During the Presidential race, Donald Trump mentioned several times he plans to set up a Strategic Bitcoin Reserve and on Thursday he delivered on his promise. But crypto is a polarizing subject and the Bitcoin Reserve is not free of controversy. While some applauded the […]
EUR/USD Back Into Support After Triple Top. Non-Farm Payrolls Next. The main economic release of last week was the U.S. inflation data in the form of the PCE Price Index; however, this was mainly overshadowed by geopolitical developments. The Euro dropped, allowing the US Dollar to climb after a meeting between Trump and Zelenskiy did […]
BTC/USD: RSI Enters Oversold on a Daily Chart. More Pain Before Pullback? Bitcoin bulls are licking their wounds as the King of Crypto is tumbling below $80K, breaking major support levels and trend lines in the process. Most of this is a result of President Trump’s new tariffs and increasing fears of an economic trade […]