EUR/USD slips below 1.1800 as bearish momentum builds The dollar lost ground against most of its major counterparts on Friday but finished the week higher against the euro after the Supreme Court ruled against Trump’s tariffs. According to the Court’s decision, the tariffs were imposed under a law that is meant for national emergencies, and […]
BTC tests $65K support as RSI nears oversold territory Bitcoin continued to drop throughout the week, weighed down by macroeconomic uncertainty and concerns regarding a conflict between the U.S. and Iran. On Wednesday, the FOMC minutes showed that the Federal Reserve is adopting a hawkish stance and is not in any rush to cut rates. […]
EUR/USD: RSI hovers mid-range as price action remains choppy The dollar ended last week mostly flat after Friday’s Consumer Price Index (CPI) report posted a lower-than-expected reading, at 0.2%. On a yearly basis, inflation in the U.S. is at 2.4%, lower than the anticipated 2.5% and the previous 2.7%. Earlier in the week, the Non-Farm […]
RSI approaches oversold again. All eyes on U.S. inflation The world’s leading cryptocurrency is getting hammered lately, after failing to rebound and move above key levels. But all is not lost because Bitcoin is also showing some signs of strength. Wednesday’s Non-Farm Payrolls report showed that the U.S. economy added 130K jobs, which is more […]
EUR/USD rejected at 1.1800 but technical bias favors further downside On Friday, the dollar retreated from a two-week high, following a rebound in risk assets. Data showed that U.S. consumer sentiment is improving, and the U.S. Non-Farm Payrolls report was delayed to this week due to a new government shutdown. The trigger for the dollar’s […]
Oversold RSI hints at short-term stabilization after sharp selloff. Bitcoin is in a “falling knife” scenario, with prices tumbling below $60,000 on Thursday, amid a general market aversion towards risky assets. The current leg of the downtrend initially started when Kevin Warsh was nominated by President Trump as the next Fed Chair. Warsh currently supports […]
EUR/USD Whipsaws as Dollar Bulls Regain Momentum The dollar strengthened late last week after U.S. President Trump nominated Kevin Warsh as his favorite to take the Federal Reserve Chair after Powell’s term ends in May. Warsh is a former Federal Reserve governor and supports lower rates, but not as aggressively as some other candidates. The […]
BTC/USD struggles to find its footing, RSI is headed for oversold Gold and Silver are surging to new historic highs, leaving Bitcoin and the entire crypto market in the dust. It looks like the precious metals have stolen Bitcoin’s thunder because high-volatility moves were once the characteristic of crypto, while traditional assets were sluggish. Gold […]
Precious metals shine as EUR/USD breaks higher ahead of Fed decision The US Dollar finished last week on the ropes, after being pummelled for the entire weekly session as investors retreated to safe-haven assets. Geopolitical tensions, led by U.S President Trump’s pursuit of Greenland and tariff threats on Europe, triggered a lack of confidence in […]
Failed $94,500 breakout, ETF outflows, and political uncertainty weigh on BTC Bitcoin bulls went from exhilaration to fear as the latest breakout was quickly reversed and turned into a breakdown below $94,500. BTC is currently trading at $89,600, having recovered some of the losses but still in the red. Most of the drop was triggered […]