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The Fed Strikes Again: 75-bps Rate Hike and Hawkish Outlook

Sep. 26, 2022

Euro and Pound Hit Historic Lows, DXY Skyrockets The Euro plunged to a 20-year low against the US Dollar, while the Pound sank to a 37-year low after the Fed decided in favour of another 75 bps mega-hike. The Dollar renewed its assault on its counterparts, taking the Euro to a low of 0.9552 and […]

The Ripple Rocket Lifts Off, Adding Almost 70%

Sep. 23, 2022

Bitcoin, Ethereum Show Recovery Signs Post Fed Meeting Following a televised interview delivered by Ripple Labs CEO Brad Garlinghouse, XRP is up almost 30% during the last 24 hours and 67.6% over the last 7 days. The main price driver for Ripple’s XRP has been the lawsuit between the SEC and Ripple, where the former […]

FOMC Meeting Ahead: Another Mega–Hike Incoming?

Sep. 19, 2022

U.S. Inflation Continues to Accelerate. EUR/USD Threatens Support Again Last week’s Consumer Price Index showed that inflation in the U.S. is not subsiding, which means that a 75-bps rate hike is on the table. There’s been a lot of talk about the Fed’s next move and whether they will add 50 or 75 basis points […]

The Ethereum Merge Is Complete. Where to Next?

Sep. 16, 2022

How Ethereum’s Proof-Of-Work Alternative Can Keep Miners Happy On September 15, Ethereum completed the much-anticipated Merge, which makes the transition from a Proof of Work blockchain to a Proof of Stake one. The Merge is supposed to lower the Ethereum fees by 99% and make it a lot more environmentally friendly, as well as a […]

An Unprecedented 75-Bps Hike Sends the Euro Above $1

Sep. 12, 2022

EUR/USD at Technical Crossroad. Bounce-Or-Break Scenario in Play Last week the Euro started a decent rally as the markets digested the ECB’s decision to add 75 basis points to the interest rate. This rise was largely anticipated but during the press conference, ECB President Christine Lagarde offered hints that another mega hike may follow. She […]

Bitcoin Smashes Through $20K. Do We Have Lift-Off?

Sep. 09, 2022

US Dollar’s Retreat Allows Cryptocurrencies to Climb Following a short-lived dip below the key level at $20,000 Bitcoin is up 6.50% in the last 24 hours, and technical indicators foreshadow a stronger climb. The Fed’s war on inflation comes with higher interest rates which hurt risky assets such as cryptocurrencies but the divergence in policy […]

Dollar Gets a Boost From NFP, DXY Prints a 20-Year High

Sep. 05, 2022

Gas Shortage Sends Euro to 20-Year Low For the first time in nearly two decades, the Euro dropped below 0.9900 against the US Dollar, reaching a low at $0.9877 on Monday morning. The greenback benefited late last week from a better than anticipated Non-Farm Payrolls report (forecast 295K; actual 315K) but was mostly up and […]

Bitcoin Remains Range-Bound Ahead of Key U.S. Jobs Data

Sep. 02, 2022

The FX and Crypto Markets Are Getting Ready to Burst: Non-Farm Payrolls Eyed After dropping into the major S/R at $20,000, Bitcoin started to move at a snail’s pace, without any sense of direction; however, that’s about to change. Today the most important jobs data is due for release at 12:30 pm GMT: the Non-Farm […]

The Dollar Flexes as Fed Renews Vows to Fight Inflation

Aug. 29, 2022

EUR/USD Below Parity Ahead of European Inflation, U.S. Non-Farm Payrolls As largely anticipated, during Friday’s speech, Fed’s Powell adopted a hawkish stance on fighting inflation, which entails that more rate hikes are scheduled. He mentioned that a tight monetary policy will be needed “for some time” and that he expects “some pain” for businesses and […]

Bitcoin Is in “Slow-Crawl” Mode but It’s All About to Change

Aug. 26, 2022

Gearing Up for Major Volatility: Fed Chair Powell Due to Speak at Jackson Hole Exactly one week ago, Bitcoin had one of its worst days since June: it dropped from $23,200 to $20,785 on fears that the Fed will continue to tighten its policy. Today, Federal Reserve Chairman Powell will speak about the economic outlook […]