EUR/USD turns bearish after decisive break below key support The dollar had a stellar week against the euro and other majors as inflationary pressures sent the probability of a rate hike by the end of the year higher. The US Core Consumer Price Index (CPI) exceeded expectations, posting a 0.4% increase from last month’s 0.2%, […]
BTC remains capped below highs with bearish signals emerging The Digital Asset Market Clarity Act was voted through by the Senate Banking Committee on Thursday, but it still faces several significant obstacles. The bill needs 60 votes to pass the full Senate, and the Republicans only hold 53 seats. This means that 7 votes must […]
EUR/USD rebounds from 1.1700 with 1.1900 back in focus The dollar weakened on Friday after the release of the Non-Farm Payrolls, marking the second week of declines against its major peers. The US Dollar Index (DXY), which tracks the dollar’s performance against 6 currencies, ended the week at 97.84 after reaching as high as 98.57. […]
$77K remains critical support as RSI points to pullback risk Crypto markets posted steady gains throughout the early part of the week, and Bitcoin climbed above $82K before retreating to the $80K area. The Middle East conflict remained in the headlines, with hopes of a peace deal pushing risk assets higher. Bitcoin was also supported […]
EUR/USD near 1.1700; break could trigger bearish extension The US Dollar had a mixed week, dominated by the Fed rate decision and a possible divergence between the US and European rate policies. As expected, the Federal Reserve maintained the rate at 3.50% – 3.75% but signalled that it will keep rates higher for longer, at […]
Channel support in focus as RSI divergence signals weakness Crypto markets trended lower throughout the week, weighed down by lingering uncertainty from the US–Iran conflict and fading expectations of a Fed rate cut. After reaching a high of $79,500 during Monday’s trading session, Bitcoin pulled back toward support, with the sharpest move following the Fed […]
EUR/USD tests support as Fed and ECB are set to hold rates steady The Middle East conflict continues to dictate the market mood, and the latest failed round of peace talks boosted demand for safe-haven assets. US envoys Steve Witkoff and Jared Kushner were supposed to head to Pakistan for negotiations with Iranian representatives, but […]
ETF inflows surge as BTC breaks above $77K resistance Bitcoin reached an 11-week high on Wednesday but pared some of the gains on Thursday as tensions in the Middle East escalated. The US and Iran are playing a game of who lifts their respective blockade first, which is weighing on the cryptocurrency market and is […]
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. […]