EUR/USD at Resistance. U.S. Inflation Data and Retail Sales to Decide Next Move The dollar gained on Friday but still ended last week at a loss, which is in line with the narrative that the U.S. economy is weakening and that rate cuts are needed. Since the disappointing Non-Farm Payrolls report that came out on […]
Support at $112K Holds, Pushes Bitcoin Higher Bitcoin’s bullish momentum dissipated after hitting the All-Time High (ATH) at $123K and the OG cryptocurrency started to move sideways in a tight range. Usually, periods of sideways movement are followed by a strong breakout, and last week, such a breakout happened, but to the south. Bitcoin spot […]
EUR/USD Snaps a 5-Day Bearish Streak. Uptrend Resumption Next? The U.S. economy is showing signs of slowing down as the new tariffs are starting to weigh on businesses and inflation. Last week’s Non-Farm Payrolls report showed that only 73K new jobs were created, much fewer than the expected 106K. Surprisingly enough, the previous number was […]
The Range Is Intact. Is Bitcoin Preparing for a Massive Breakout? This week, the U.S. Federal Reserve decided to keep interest rates on hold for the fifth time in a row, as it was widely anticipated by market participants. Bitcoin took this pretty hard initially and dropped as low as $115,700. However, by the end […]
EUR/USD: Bullish Pressure Subsides, Support Under Attack The week ahead will be governed by U.S. data, with all the Big Three in focus: inflation, jobs, and the interest rate announcement. Unless there are major surprises, the rate won’t budge from the current 4.50% and Trump’s disappointment with Fed Chair Powell will continue. According to the […]
Rangebound Trading: Breakout or Breakdown? After printing a fresh All-Time High (ATH) on July 14, Bitcoin started to move sideways, possibly preparing for another leg of the uptrend. Some of the other altcoins have already started corrections, which saw them retreat farther away from recent highs. In recent days, Bitcoin has been outperforming all major […]
EUR/USD Breaks Long-Term Trend Line. Are the Dollar Bulls Back? The greenback is riding on a bumpy road, with clouds of uncertainty still covering the landscape. President Trump’s policies have weighed on the dollar, and the tariffs have started to make their presence known, as shown by last week’s Consumer Price Index that came in […]
Ancient BTC Whale Wakes Up, Moves 80K Bitcoin On July 14, Bitcoin hit a new All-Time High (ATH) at $123,236 (Bitstamp data) after a 6-day rally that started after a breakout from around $110K. Although the bullish pressure is still massive, there are signs that a correction may be next. During the last couple of […]
The Dollar Tries to Make a Comeback. Long-Term Trend Line Tested. The greenback strengthened against most of its major peers last week, but overall, volatility was low, although tariff jitters started to creep back in. The latest countries hit with higher tariffs are Canada, Mexico, and the EU. On Saturday, President Trump announced 30% tariffs […]
RSI Warns Of Pullbacks. Can The Bulls Push Through? The Bitcoin bulls are roaring and pushing the price higher on the back of increasing institutional adoption and easing concerns regarding tariffs. The OG cryptocurrency just surpassed its previous All-Time High (ATH) and printed a new ATH at $117,000. The tariff situation remains red hot; however, […]