EUR/USD fails near highs as geopolitics take center stage Markets rejoiced late last week as a ceasefire was in effect and the Strait of Hormuz was open to all maritime traffic… briefly. A day later, hopes of a prolonged peace waned as Iran reimposed limits on traffic through the Strait. Iran pointed to the U.S. […]
Weak momentum and rejection signals point to pullback Bitcoin and the overall crypto market remain tightly correlated to the U.S. – Iran war and all the developments, rumors, and negotiations that take place. After the initial round of negotiations failed last weekend, markets are feeling optimistic again, preparing for a second round of peace talks. […]
EUR/USD tests 1.1700 after strong bullish run. Hopes that the war between the U.S. – Israel, and Iran would end soon have dwindled during the weekend as peace talks yielded no results. U.S. and Iranian representatives have met in Islamabad for negotiations, with the Strait of Hormuz and the Iranian nuclear program as the main […]
Rejection at key trend line keeps downside risk in play. Bitcoin jumped above $70,000 on Wednesday, following the announcement of a ceasefire, but the bullish momentum died down soon after. The ceasefire was called a “fragile truce” by U.S. Vice President JD Vance, and the first cracks started to appear very soon, with Iran threatening […]
EUR/USD eyes 1.1400 as downside pressure builds The US Dollar rallied during the last 2 days of the previous week, after the U.S. Non-Farm Payrolls report smashed expectations and the Middle East conflict continued to affect the FX market. During a public address, President Trump threatened more severe strikes on Iran, diminishing hopes of a […]
$65K support under pressure as bearish setup builds The week has been a roller-coaster thus far, with Bitcoin and the entire crypto market driven almost exclusively by rumors surrounding the end of the Middle East war. Optimism was high in the first part of the week, with U.S. President Trump suggesting that a diplomatic end […]
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 […]