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, […]
US Dollar: Mixed Jobs Data Sparks Volatility The Non-Farm Payrolls report released Friday showed disappointing numbers, which came more than 50% lower than analysts’ consensus: anticipated 553K; actual 210K. The Average Hourly Earnings also missed expectations (anticipated 0.4%; actual 0.3%) but the Unemployment Rate surprisingly dropped to 4.2%, which is a 21-month low. Despite this […]
Bitcoin Stalls at Resistance Ethereum’s transition to ETH 2.0 is drawing closer and is expected to occur in 2022. Dubbed The Merge, the transition to Proof of Stake will bring multiple improvements to the network but until it can be fully implemented, Ethereum needs users to get involved as testers. Ethereum developer Marius Van Der […]