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 […]
EUR/USD Disregards Double Top, Challenges 1.0500 Resistance The Fed Meeting Minutes released last week pointed to growing inflationary risks stemming from the new Trump tariffs and their impact on consumers. According to the Minutes, businesses have indicated that they would attempt to pass the higher cost of goods to the consumers. If the higher tariffs […]
BTC/USD: It’s All About the Trend Lines The recent days have been quite fruitful for the apex cryptocurrency Bitcoin, as we saw it climb back up close to $100K from a low of $93,300. It is currently changing hands at $98,600, with a 1.6% increase over the last 7 days, and is challenging the 50-day […]
EUR/USD Potential Double Top Could Resume the Downtrend Last week the U.S. economy sent some mixed signals, with inflation getting hotter and Retail Sales slowing down considerably. On one hand, rising inflation usually calls for higher interest rates but if the economy is wavering (lower Retail Sales), the Fed should consider cutting the rate. Most […]
BTC Awaits Breakout, Stuck Between Support and Resistance Bitcoin has been lingering below the 50-day Moving Average since February 5 and printed several “empty” candles where the body was almost non-existent. After a huge candle on February 3, when the price dropped to $91,500 and then rose to finish the day at $101,450, the main […]
EUR/USD Closes Price Gap. Dollar Back in Control After Rejection at Resistance Friday’s trading session was choppy but the US Dollar was lifted against most of its peers by the U.S. Non-Farm Payrolls report and the perceived threat of a trade war. President Trump announced that he is planning reciprocal tariffs on some countries, but […]