Resistance Holds: EUR/USD Back Inside the Diagonal Channel by Bogdan Giulvezan Europe’s single currency had a bumpy ride last week, as geopolitical tension increased and the Russia-Ukraine situation brought more turmoil. On the other hand, the US Dollar was boosted by soaring inflation that amplified the probability of a 50-basis point hike at the Fed […]
Cryptocurrency Bonanza or Just a Flash in the Pan? by Bogdan Giulvezan Bitcoin performed a picture-perfect bounce at $37,500 and is up almost 15% during the last 7 days, but can it hold on to the gains? During the same period, Ethereum gained 11%, BNB added 10%, and Ripple 33%. Can we assume that the […]
The ECB Makes a Hawkish Turn, Overshadowing a Stellar NFP Report by Bogdan Giulvezan During Thursday’s meeting, the European Central Bank made it crystal clear that some changes are underway, fuelling speculation that 2022 will be the year of the first rate hike since 2011. According to the ECB, “inflation is likely to remain elevated […]
Bitcoin Makes Timid Advances, Yet Full Recovery Is Still Far Away by Bogdan Giulvezan After hitting this year’s low at $32,950 on January 24, Bitcoin started a decent but feeble recovery. The apex cryptocurrency is now struggling to stay above $37,500 resistance but the bulls seem weak and without momentum on their side. Bitcoin’s last […]
Volatility Guaranteed: Possible BoE Rate Hike, ECB Press Conference, and U.S. NFP by Bogdan Giulvezan The greenback is flexing its muscles, as the US Dollar Index (DXY) posted a 1.6% upsurge last week, which was the largest weekly climb since mid-2021. The DXY is currently trading at levels that were last seen in mid-2020 and […]
The Crypto Market Is Still Under Pressure, Yet Bitcoin Weekly Chart Hints at Bullish Rally by Bogdan Giulvezan Since early November 2021, the apex cryptocurrency has been sliding lower and lower, failing to rally as major support levels were broken. Bitcoin is currently trading at $36,500 and has entered the dreaded May – July 2021 […]
Dollar Braces for Fed Talks as Ukraine Concerns Rise by Bogdan Giulvezan After a brief Euro resurgence, the single currency failed to move above resistance against the US Dollar, and last week the pair erased all gains made a week prior. The markets are largely focused on tensions between Russia and Ukraine, especially because Sunday […]
Altcoins Play Follow-The-Leader The apex cryptocurrency – Bitcoin – has been on a skid since early-November 2021 but earlier this month it showed some bullish signs, making us anticipate that a bottom is near. However, just as bullish action seemed to pick up, Bitcoin dropped through the crucial support at $40,000 to an intraday low […]
Beware The EUR/USD Breakout After almost two months of choppy trading inside a tight range, the Euro finally broke through and staged a bullish move that took the pair very close to the key resistance at 1.1500. However, this movement is likely due to US Dollar weakness, rather than Euro strength. The U.S. Retail Sales […]
Bitcoin Exchange Outflows Show an Uptick. Bull Run in the Making? by Bogdan Giulvezan Exchange inflows and outflows are oftentimes a good indicator of future price action for the crypto market in general and Bitcoin in special. According to on-chain data analytics firm CryptoQuant, the Bitcoin exchange outflow has recently increased and this may have […]