BTC/USD Bulls Cautious Ahead of Critical Non-Farm Payrolls Report. After a massive surge that saw Bitcoin rise as high as $44,490, the market started to cool off, in part due to profit-taking but also due to increased caution generated by the upcoming US jobs report. Bitcoin whales have been an active driver of the […]
EUR/USD in Pullback Mode Ahead of Non-Farm Payrolls. The dollar had a rocky Friday as market participants tried to digest Fed Chair Powell’s remarks made in a speech where he touched on the ever-sensitive topic of the rate. Although the Chair noted that the economy is slowing down due to the restrictive monetary policy, he […]
RSI Warning Signs: Long Time Bearish Divergence at Play. On Wednesday, Bitcoin reached its new yearly high, changing hands at $38,457. We could say that $40K is within reach but… not quite. Since 24 November, Bitcoin had several days in which it came very close to $39,000, and yet, the bears pushed back every time, […]
Technical Analysis: EUR/USD’s Trend Line and RSI Dynamics. Last week, members of the Federal Reserve indicated a reluctance to reduce interest rates soon, especially with inflation exceeding their target. The minutes from their latest meeting revealed inflation concerns, suggesting that further actions might be necessary. They emphasized maintaining a “restrictive” policy until there’s clear evidence […]
CZ Steps Down Amidst Record Penalty. BNB Retreats from Lows. Binance has reached a settlement of $4.3 billion for breaching sanctions and laws related to money transmission, marking this as one of the highest corporate fines on record. The company’s founder, Changpeng “CZ” Zhao, admitted guilt and resigned as CEO. Documents recently made public reveal […]
EUR/USD Bulls Are Getting Ready to Take a Break. But When? The US Dollar has started to decline against most of its major counterparts following recent U.S. economic data that has been weaker than expected. Last week’s highlight was the inflation report that missed expectations by a hefty margin. This has led markets to largely […]
$38K: An Insurmountable Barrier… At Least For Now. In the past week, the Bitcoin roller-coaster has been working overtime, and the apex cryptocurrency experienced dramatic fluctuations, making massive gains on Wednesday and erasing them on Thursday. In just 7 days, Bitcoin came within a few dollars of the $38,000 level three times. Last Thursday, the […]
EUR/USD Set for Action-Packed Week, Approaching Key Support. The policies of the European Central Bank and the Federal Reserve are starting to diverge, which could mean that we are set for higher volatility. For now, it looks like the Fed is winning the battle of hawkish comments. In a speech delivered last Thursday, Fed Chair […]
Bitcoin, Ethereum Soar – Beware of Pullbacks Ethereum (ETH) captured the limelight from Bitcoin (BTC) on Thursday when the investment behemoth BlackRock indicated plans to introduce an ETH-based exchange-traded fund (ETF). ETH’s price soared above the crucial $2,000 mark and reached a high of $2,131, climbing from just under $1,900. This comes after news that […]
Double Bottom Boosts EUR/USD. A Technical Reversal in the Making. The greenback sank to its lowest in six weeks and the yields on 10-year U.S. Treasury notes dropped to their lowest in five weeks on Friday following the U.S. labor market reports. The data indicated a significant deceleration in U.S. employment growth for October, surpassing […]