EUR/USD: Bullish Pressure Subsides. Bears Ready to Step In. U.S. stocks and indices rallied throughout last week and even more so Friday when the U.S. NFP report posted better-than-expected numbers. The report showed that 177K new jobs were created during the previous month, surpassing the forecast of 138K and indicating that the U.S. economy is […]
$100K in Sight After Clean Breakout. Pullbacks Incoming? Last month’s main story was the tariff debacle, which had a big impact on the traditional market as well as the crypto market. By the looks of things, the trade war is starting to cool off, with President Trump pausing the tariffs against all countries but China. […]
EUR/USD: The Pullback Has Started. RSI Descends from Overbought The dollar finally showed glimpses of recovery last week, as did U.S. stocks. President Trump was once again the catalyst for these moves. Earlier in the week, Trump rocked the US Dollar with threats to fire Fed Chair Powell over interest rate issues. In the President’s […]
The Bulls Are Gearing up for Another Push. $95K Will Be the Next Battle It has been a good week for crypto, with Bitcoin leading the charge after clues that the thorny U.S.-China tariff situation may see a light at the end of the tunnel. On Tuesday, President Trump gave a first boost to both […]
EUR/USD Cools Off. ECB Cuts Rates as Trade Fears Linger The markets are still feeling the effects of the constantly rising tariffs between the U.S. and China, adding to the fact that there is no clear roadmap regarding negotiations between the U.S. and the rest of the countries. President Trump met with a delegation from […]
Market Sentiment Turns Hopeful, but Low Volume and Tariffs Raise Doubts After a bounce at support in early April, Bitcoin entered a recovery phase that took it from a low of $74,600 to a high of 86,450 but now, upward momentum seems to fade away. The current week has been characterized by indecision and a […]
EUR/USD Trades at 2-Year High as Overbought Levels Come Into Play The trade war continues and the focus is now almost entirely on the U.S. and China as tariffs keep climbing in a retaliatory fashion. At the time of writing, the import tax for Chinese products is 145%, while American imports are taxed 125% by […]
Bitcoin (BTC) Challenges Long-Term Trend Line Again. Is a Break In the Cards? The crypto markets are green-ish again and the main players are still Trump and the reciprocal tariffs – this time we get a pause and the start of negotiations. On Wednesday, President Trump announced a 90-day pause on the newly instated tariffs […]
EUR/USD Drops Back Down After Massive Rally. Bearish Divergence at Play. Wall Street is in disarray, with the S&P 500 down more than 10%, and stocks like Apple and Tesla down more than 13% and 10%, respectively. The US Dollar Index (DXY) dropped from 104.20 to 101.40 in the two days following President Trump’s announcement […]
BTC/USD: Fake Break of Resistance. The Slide Continues? The overly anticipated announcement of the new trade tariffs has come and gone, leaving behind a cheaper Bitcoin and a bit less uncertainty. The first piece of information that came out was that the Trump administration would impose a 10% tariff across the board. However, soon it […]