Technical Insight: EUR/USD at a Crucial Juncture The greenback’s status as a safe haven allowed it to win the battle against its peers and the US Dollar Index (DXY) to climb late last week. Against the euro, the dollar gained significant ground, advancing to the key support at 1.0500. Oil hovered around $90 a barrel […]
BTC/USD Analysis: From $25,000 Bounces to Crucial Moving Averages Bitcoin’s price saw a decline for a 5th consecutive day on Thursday, following the U.S. inflation report which revealed that the monthly CPI increased 0.4% while yearly inflation rose 3.7%. The forecast was 0.3% and 3.6%, respectively. Inflation data sparked speculation regarding the Fed’s next move. […]
Chart Talk: Is EUR/USD Poised for a Bullish Turn? The Non-Farm Payrolls (NFP) report showed that jobs in September increased almost double what the economists had predicted, soaring by 336K while the forecast was 171K. The sizzling hot report ignited a rally on Wall Street and brought new questions about the path that the Fed […]
BTC/USD Smashes Major Hurdle. The Battle for the Next Barrier Begins. As per insights coming from crypto analytics firm Santiment, large Bitcoin holders, known as whales and sharks, holding between 10 and 10,000 BTC, have significantly increased their holdings this year, capitalizing on the downward market trend. Per Santiment’s data, these Bitcoin elites now control […]
Major Barrier Touched: EUR/USD at Key Support. Signs of inflation deceleration are present across the board, yet Fed heads still see the need for restrictive monetary policy. Friday, New York Fed President Williams iterated that “will need to maintain a restrictive stance of monetary policy for some time”. The US Dollar erased most of the […]
BTC/USD at Confluence Zone Again. Will the Story Be Different This Time? The world of crypto is starting to pulse rapidly, with a Bitcoin push above $27,000 and a few developments from major players. Coinbase, one of the biggest crypto exchanges in the world, recently introduced a derivatives platform for its global clients. It’s […]
Downward Path for EUR/USD: A Bounce-or-Break Moment. The week ahead will be dominated by inflation data, which is always important but more so this time because both the Fed and the European Central Bank warned about additional hikes if inflation stays high. The US Dollar Index (DXY) has reached a six-month peak, helped by the […]
Navigating BTC/USD’s Strong Confluence Zone: Chart Insights For almost two years, Bitcoin’s mystery flash crash to $8,200 remained just that: a mystery. This week, the veil has been lifted and the mystery is finally solved. And now for some backstory: on 21 October 2021, Bitcoin plummeted to around $8,000. This 87% drop was only seen […]
EUR/USD’s Technical Landscape: Divergence in Play The Euro hit a 3-month low against the US Dollar, despite the European Central Bank’s efforts to combat inflation. The ECB announced the 10th consecutive rate hike last week, bringing it to 4.50%. The central bank also toned down growth expectations for 2024. Last week’s upbeat U.S. data boosted […]
BTC/USD: Do We Have Lift Off or It’s Just a “Dead Cat Bounce”? Deutsche Bank and Taurus are working together to launch crypto assets custody and tokenization services. This is a major step towards mainstream adoption because Deutsche Bank is Germany’s largest bank and also a name recognized across the world. Taurus is a Swiss […]