$30,000 Proves to Be Too Much for the Bulls. Where to from Here? Bitcoin’s new best friend might be the United States’ next President. Robert F. Kennedy Jr., son of Robert Kennedy and nephew of late President John F. Kennedy officially announced he will be running for President in 2024. He is planning to run […]
EUR/USD’s Price Action Turns into a Balancing Act on 1.1000 The euro-dollar pair seems to have settled at 1.1000 for the time being, after reaching a 12-month high of 1.1075, on April 14th. Both the European Central Bank (ECB) and the US Federal Reserve are likely to continue their rate hikes, which will continue to […]
Shapella Upgrade Boosts Ethereum: $2,000 Resistance Shattered! On April 12, the Shapella upgrade went live, allowing the withdrawal of about $222 million worth of Ethereum, which was previously locked in staking. Apart from this, the Shapella upgrade improves ETH’s gas fees and completes Ethereum’s transition to a Proof-of-Stake (PoS) protocol. The value of Ether has […]
EUR/USD Close to a Double Top Ahead of Inflation Data The employment data announced Friday strengthened the argument for additional increases in the Federal Reserve interest rates next month. Non-Farm Payrolls increased by 236K in March, very close to the 228K predicted, and the Unemployment Rate dropped to 3.5% from 3.6% in February. These strong […]
Will US Jobs Data Heat Up or Chill Out Demand? Bitcoin added more than 70% to its price since the beginning of 2023, but could this mean that it climbed too much, too fast? On the 1st of January, Bitcoin was changing hands at around $16,600 and the high of the year thus far is […]
The Impact of OPEC+ on the U.S. Dollar and the Fed’s Next Move At the beginning of the week, the U.S. Dollar suddenly shot up, catching everyone off guard. It turns out that fears of inflation had once again reared their head, and this was caused by a surprise announcement from OPEC+, who declared their […]
Bitcoin Grinds Near $30K. Is the Rally Over? Elon Musk, the maverick CEO of Tesla and Twitter, known for his unorthodox views, recently expressed his criticism of the US Federal Reserve’s “heavy-handed” approach to inflation containment. In a series of tweets on March 29, Musk sparred with Twitter users on the topic of American macroeconomic […]
Triple Bottom Produces the Expected Results. What’s Next? Last Wednesday the Federal Reserve raised the interest rate by 25 basis points, a decision that had been widely anticipated by the market, with an 81% chance of a hike being priced in beforehand. The market’s year-end target rate fell from 4.36% to 4.26% following the decision. […]
Coinbase Under Fire. SEC Issues Wells Notice. As the initial quarter of 2023 reaches its end, we can safely say that Bitcoin has demonstrated exceptional performance and is on the brink of surpassing the $29,000 mark. After the Federal Reserve decided to increase interest rates by 25 bps on Wednesday, BTC encountered a decline, but […]
EUR/USD Floats Below 1.0700. Near-Perfect Triple Bottom. Amid banking disasters, mergers, and near-saves, the US Dollar is showing seesaw price action and is getting ready for the first Rate meeting since the Silicon Valley Bank debacle. The Fed is in a precarious position because inflation is still high but the banking crisis would be exacerbated […]