EUR/USD: Failure at 1.1600 signals renewed selling pressure The US Dollar strengthened throughout last week, buoyed by safe-haven demand and prospects of a rate hike this year. Not long ago, market participants were expecting a rate cut in June, but since the start of the Middle East conflict, that narrative has slowly shifted, and now […]
Bearish flag formation signals downside risk. The hopes of a quick resolution to the Middle East conflict are dwindling with each passing day, weighing on Bitcoin and risk-on assets in general. Earlier during the week, U.S. President Trump proposed a 5-day break from violence, following “very good and productive conversations” with Iran. However, sentiment soon […]
EUR/USD: 1.1400 rejection strengthens near-term support The dollar erased some of its losses on Friday, but it still ended the week lower, with the US Dollar Index (DXY) coming off an 11-month high. The DXY ended the week at 99.50 after reaching as high as 100.50, while EUR/USD finished it at 1.1570, coming off lows […]
Break of $70K support opens path toward $65K zone. After a good start to the week, Bitcoin and the broader crypto market pared gains and dropped below key support levels, weakened by macro headwinds. The market sentiment switched to risk-off once again, following above-expectations U.S. inflation data, a hawkish Fed, and the ongoing conflict in […]
EUR/USD tests 1.1400 support after breaking key trend line. As the war in Iran rages on, with no immediate end in sight, the dollar has become the preferred safe-haven currency of investors. The US Dollar Index (DXY), which measures the dollar’s performance against a basket of 6 major peers, ended last week at 100.49, which […]
Range breakout needed to unlock $77K target In the past two weeks, Bitcoin bulls have tried to stabilize the price above $70,000 and even breached the $71,000 barrier three times. Unfortunately, all these attempts were met with rejection, failing to develop into a sustained rally. The main reason for crypto weakness has been the combined […]
EUR/USD clings to 1.1600 support zone as RSI approaches oversold The U.S. job market lost 92K jobs last month, in stark contrast with the NFP forecast, which anticipated that 58K new jobs would be created. The previous number was also revised lower, from 130K to 126K, and the Unemployment Rate rose to 4.4% from the […]
Range breakout confirmed above $70K barrier The crypto market saw a rebound this week, with Bitcoin leading the charge and posting significant gains on Monday and Wednesday. Among the reasons for the recent surge, short liquidations played a big part, but also pro-crypto commentary from President Trump, who took a swing at banks for delaying […]
EUR/USD momentum stalls. Consolidation continues ahead of potential breakout Tensions between the U.S. and Iran have erupted in military conflict over the weekend as joint U.S. and Israeli forces struck Iran. The strike was aimed at destroying Iran’s nuclear capabilities and potentially overthrowing the current regime. According to a post made by President Trump on […]
BTC bulls aim for $70K resistance. Trend reversal incoming? Bitcoin started to gain traction after President Trump’s State of the Union (SOTU) address, even though the speech did not address crypto directly. It might have been just a coincidence, and the sudden shift in sentiment could stem from a totally different reason. Since mid-January, Bitcoin […]