U.S. Jobs Report Misses Expectations, Focus Shifts to Inflation Data by Bogdan Giulvezan The first week of the year was poor for the US Dollar as the Non-Farm Payrolls report showed that only 199K new jobs were created during the previous month, as opposed to the expected 426K. This abysmal reading allowed the Euro to […]
The Dip Continues: Bitcoin on the Verge of Dropping below $40K by Bogdan Giulvezan Since the 9th of November 2021, Bitcoin (BTC) has been sliding lower and it is now rapidly approaching the key handle at $40,000. The level acted as good support in the past, and is also a psychological mark, just as all […]
Starting the Year with a Bang – Non-Farm Payrolls Report For the last month of 2021, the EUR/USD has been stuck in a relatively tight range, mostly due to end-of-year holidays and lack of volume. The pair is now trading right at the 50 period Moving Average on a Daily chart, and if we combine […]
2021 – The Year of FUD, FOMO, and Wild Swings In Bitcoin We have to admit that 2021 has been a wild year for Bitcoin, with multiple swings, gains that topped 100%, and losses that seemed unrecoverable… until they were completely recovered. We started the year around $30,000 and by mid-April, BTC was ruling the […]
What To Expect From The Euro In 2022 by Bogdan Giulvezan The first half of 2021 was wobbly for the Euro-Dollar pair but since June, the Euro embarked on a bearish journey, dropping from roughly 1.2200 to a low of 1.1186. The main point of interest during this second part of the year was the […]
$50k Barrier Reclaimed. by Bogdan Giulvezan With a few minor exceptions, all Top 100 coins are in the green this week, with some of them posting double-digit gains. The biggest gainers in the Top 10 are TERRA (LUNA) with more than 54% in the last 7 days and Ripple (XRP) with almost 21% over the […]
Holiday Trading Phase Begins Last week’s multitude of central bank meetings created irregular volatility but also left market participants exhausted. As the Holiday season is drawing near, we can expect to see sideways movement on most FX pairs, with potential jumps in volume and volatility. During last week’s meeting, the Fed announced that it will […]
Is Bitcoin Poised For Another Rally? by Bogdan Giulvezan Bitcoin is certainly a volatility monster and this was perfectly shown during 2020 when the digital gold traded below $4,000 in March only to finish the year above $29,000. Almost 50% of all these gains came in the last two weeks of December. And yes, we […]
Breakout in the Making? by Bogdan Giulvezan The Euro-Dollar pair has been trading sideways with low volatility, ahead of a plethora of central bank meetings, including the Fed and European Central Bank. This state of calmness is likely to continue until the Fed meeting scheduled for Wednesday; markets are pricing in a 91% chance of […]
Bitcoin on the Ropes, Ominous Signs Point Towards More Selling By Bogdan Giulvezan The flagship cryptocurrency is trading below $50K key support, with a medium-term bearish bias and with the potential to sink even lower. On December 4, Bitcoin suffered a flash crash, dropping slightly below $42,000 but has since recovered some of the losses, […]