EUR/USD tests a key resistance cluster, with a trend-line break potentially triggering further gains. The US economy shed 23,000 jobs in July, according to the latest Non-Farm Payrolls (NFP) report, making a stronger case for the Fed to hold rates. Analysts had predicted that the US would add 85,000 jobs, so the surprise was that […]
Bitcoin remains below a long-term bearish trend line, while $65K continues to cap upside momentum. Bitcoin spot exchange-traded funds (ETFs) kicked off the month of August with a 3-day streak of inflows, totaling over $625 million, according to data from Coinglass. We are seeing a modest Bitcoin rally, but major resistance is still overhead, and the […]
EUR/USD eyes a breakout above a long-term bearish trend line after failed break of 1.1400 The US Dollar suffered its biggest weekly decline in three months after the Federal Reserve maintained the interest rate steady, as it was largely anticipated. Inflation is still well above the 2.0% target, and some investors are beginning to wonder […]
BTC needs a decisive break above $67K to invalidate the bearish double-top formation. The waters remain murky for Bitcoin and the broader crypto market as progress on the Clarity Act has stalled and the odds of a Fed rate hike in September have increased. The FOMC maintained a target rate of 3.50% – 3.75%, as […]
EUR/USD below key resistance – bearish momentum keeps the focus on 1.1325 support. The dollar rallied last week, pushed higher by safe-haven demand as the US-Iran conflict escalated and President Trump considered expanding the military action. The ECB maintained the interest rate unchanged, as it was widely expected. However, growing inflationary pressure increases the likelihood […]
The $65K breakout faces its first retest as technicals begin to improve This week, Bitcoin managed to climb above the key resistance at $65K and reached a high at $66,900, all on the back of positive news surrounding the Clarity Act. Some of the gains were erased later in the week due to increased military […]
EUR/USD stabilizes above 1.1400 despite lingering geopolitical uncertainty The US Dollar Index (DXY), which measures the dollar’s performance against a basket of 6 majors, remained under pressure last week after the CPI report missed expectations. Both the Core and headline versions of the CPI came below the forecast, diminishing chances of a rate hike. The […]
BTC stalls at key resistance as softer inflation improves the technical outlook Bitcoin briefly surpassed the key hurdle at $65K before cooling off and retreating below the level, in what seems to be yet another failed breakout attempt. The rally followed softer US Consumer Price Index (CPI) data on Tuesday, and faded once tensions in […]
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 […]