EUR/USD remains range-bound with 1.1700 acting as key resistance Market movements remain strongly correlated to the developments in the US – Iran war, with a potential ceasefire extension creating ripples of volatility. Both parties suggested that a draft agreement is being prepared, but friction points remain, and the rhetoric changes almost on a daily basis. […]
Bears gain control as BTC trades below major support zone After failing to break through $82,000 at the beginning of May, Bitcoin started a fresh selloff, which is still underway, despite Trump declaring the US the ‘crypto capital of the world’. The selloff was accelerated by massive spot Bitcoin ETF outflows, with BlackRock’s IBIT fund […]
EUR/USD tests 1.1600 while indicators show weak momentum. The dollar traded at a six-week high at the end of Friday’s session, with volatility fuelled by some signs of progress in the negotiations between the US and Iran. In a Truth Social post made on Saturday, President Trump said that an agreement with Iran has been largely […]
BTC loses ascending channel while $75K support comes into focus After several failed attempts to break through the resistance at $82K, Bitcoin fell below support and exited the ascending channel. These are clear signs of weakness, which jeopardize the prospect of a more substantial recovery. On Monday, spot Bitcoin ETFs registered huge outflows, totalling $648 […]
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 […]