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 […]
Fed Chair Testimonies and NFP Friday the Euro made notable advances against the US Dollar, on the back of the fears triggered by the new coronavirus variant, Omicron. However, on Monday the greenback erased some of the losses and recovered against the single currency, as the pacing of the monetary stimulus tapering took center stage […]
Black Friday Discounts Across the Board As Bitcoin declined below $60,000, many investors considered this an opportunity to buy at a discounted price, while others rushed to sell in fear that price may drop further. Currently, Bitcoin is trading around $56,700, after reaching a 6-week low at $55,128 on Tuesday. The flagship cryptocurrency is still […]
Dollar at 16-Month High, by Bogdan Giulvezan, Growing anxiety in Europe over the effect of rising COVID-19 infections pushed EUR/USD to a 16-month low. The safe-haven status of the US Dollar but also retail sales numbers that exceeded expectations last week in the United States played an integral part in the massive drop. Further strengthening […]
Bitcoin Drops below MA Support. Sell, Buy, Wait? The flagship cryptocurrency has slipped below the 50 days Moving Average for the first time since the 1st of October and is currently trading at $56,300, totaling a 13.0% loss over the last 7 days. Most of the top coins are trading in the red, with Ethereum […]
Red Hot U.S. Inflation Spurs Massive Dollar Gains The US Dollar has been on a tear since last Wednesday when Consumer Price Indexes showed that inflation in the U.S. climbed to its highest level in 30 years. The CPI surged 6.2% from a yearly perspective (0.9% month over month), bringing inflation to levels last seen […]
Bitcoin’s Much Anticipated Taproot Upgrade Is Here by Bogdan Giulvezan The crypto market just reminded us how volatile it is and how much it can move in a single day: Wednesday, November 10, Bitcoin charted a fresh All-Time High at $69,000, and the same day it dropped to a low of $62,856. It is currently […]
Dollar Back On Track, U.S. Inflation Data Up Next by Bogdan Giulvezan Last week the US Dollar Index (DXY) hit fresh yearly highs in the aftermath of the latest Fed meeting that marked the beginning of the much-anticipated reduction of asset purchases. The Fed decided to taper the quantitative easing programme by $15 billion each […]
Ethereum Hits New Landmark amid Deflationary Pressure by Bogdan Giulvezan Wednesday, November 3, Ethereum printed a fresh All-Time High at $4,668, successfully surpassing previous tops and establishing support at the key level of $4,500. The second-largest cryptocurrency by market cap has been on a bull run since late September, due in part to the network […]