EUR/USD trades below all major moving averages ahead of key inflation data The recent flare-up in tensions between the United States and Iran triggered a risk-off mood: oil rallied, stocks dropped, and the dollar climbed. But most of these moves were erased after signs emerged that the negotiations would continue. The FOMC Minutes released last […]
BTC faces key resistance at $65K while downside risks continue to build The shaky ceasefire between the United States and Iran is beginning to crumble, affecting Bitcoin and putting pressure on risk assets. On Tuesday and Wednesday, the US carried out attacks on more than 80 targets in Iran. The US military said the strikes […]
EUR/USD moves back above 1.1400 as the bearish breakout loses momentum The dollar lost its shine last week after the US Non-Farm Payrolls report fell short of expectations, dimming the chances of a rate hike by the Fed. Job growth slowed considerably in June, with only 57K jobs created, while the forecast was 114K; also, […]
BTC rebounds from $57K as bullish divergence emerges near major support Bitcoin struggled below the $60K mark earlier in the week, reaching a low at $57,735 on Wednesday before getting a jolt from Fed Chair Warsh’s remarks. At the European Central Bank (ECB) Forum in Sintra, the Chair acknowledged that inflationary risks have subsided in […]
EUR/USD struggles below 1.1400 after breaking long-term support The dollar ended last week in the green, although it fell for the last two daily trading sessions of the period. Despite the setback at the end of the week, the US Dollar Index (DXY) is the highest it’s been since May of 2025. As geopolitical tensions […]
Triple-bottom setup and RSI divergence offer hope for the bulls Bitcoin (BTC) fell below the $60,000 threshold on Wednesday, reaching a low in the $58K region, and creating a near-perfect triple bottom on the Daily chart. The drop was not caused by a single catalyst but a combination of factors that are working together to […]
EUR/USD approaches major support with breakdown risk increasing The dollar strengthened throughout last week, mostly thanks to the hawkish tilt shown by the Fed and the anticipation of at least a rate cut by year’s end. The US Dollar Index (DXY) jumped to a 13-month high after new quarterly projections showed that 9 of the […]
Failed move above $65K signals lingering bearish pressure. The US and Iran signed a Memorandum of Understanding (MoU), bringing a temporary end to the Middle East conflict and setting the stage for further talks. The Strait of Hormuz will reopen after being closed for months, choking oil and liquefied natural gas supplies. The MoU will […]
EUR/USD remains bearish despite ECB rate hike and recent rebound The dollar gave back some of its gains last week after a mixed CPI reading and heightened optimism that the Middle East war is nearing its end. The euro was boosted by the European Central Bank’s (ECB) decision to hike the interest rate from 2.15% […]
Weekly RSI divergence hints at a broader recovery attempt. Bitcoin has recovered above the critical $60K level after falling as low as $59,100 during last week’s trading session. The US inflation numbers came out on Wednesday, with mixed implications for Bitcoin. The month-on-month Core CPI eased to 0.2% (previous: 0.4%; expected: 0.3%), which reduces the […]