Low-Volume Trading as 2023 Knocks on the Door. On January 1st, 2022, Bitcoin was changing hands at $46,600 and now, with just 1 day left in the same year, you can own 1 full Bitcoin for just $16,500. Should this be treated as a ‘doomsday’ event, where we anticipate a total BTC apocalypse? Or an […]
False Breaks Thrive in Low Liquidity. Beware! As the final trading week of 2022 begins, it looks like many traders have already switched off their PCs and switched on their Winter Holidays mode. The market is sluggish and even EUR/USD, which is the world’s most liquid currency pair, has been trapped in a narrow congestion […]
Sluggish Price Action – Holiday-Triggered Low Volatility or the Calm Before the Storm? Bitcoin is officially a payment method in Brazil after President Jair Bolsonaro ratified Thursday a bill that establishes the regulatory framework for trading and using BTC. The bill became law with the President’s signature and will go into effect 180 days after […]
EUR/USD Reaches 6-Month High as the Fed and ECB Continue to Tighten. A busy week, full of economic releases has just ended and the last trading week before Christmas is underway, with a lackluster schedule. The Fed and ECB both decided to hike their respective rates as anticipated but they also signaled that more hikes […]
Bitcoin Rejected at Resistance. Bears Aim for $17,000 Break. Inflation in the U.S. finally appeared to slow down last week, which prompted a swift and bullish reaction from Bitcoin and other cryptocurrencies. The inflation numbers for November showed a rather significant discrepancy between forecast and actual: monthly CPI actual 0.1% (forecast 0.3%); yearly CPI actual […]
The Dollar Shows Recovery Signs: Bearish Divergence in Play. Buckle up for a wild ride on the Forex Sea, because the next 5 trading days are packed with everything that a volatility trader wants and needs. From U.S. inflation data to retail sales and interest rates, to the ECB Meeting and press conference, this week […]
Bitcoin Price Manages to Stay Above Support. Are the Bitcoin Bulls Waking Up? The downtrend is still in place, make no mistake about it, but the bears may soon enter their caves to hibernate for the winter. After all, they’ve had a long run… Looking at the chart, it’s obvious who’s in control from a […]
EUR/USD Pushes Higher, Overbought RSI Comes Into Play. Last week’s PCE Price Index showed that inflation in the U.S. is starting to recede, which weakened the greenback and allowed its counterparts to climb. However, Friday’s NFP exceeded expectations, and so did the Average Hourly Earnings. The Fed signalled that a shift in monetary policy is […]
The Markets Are Getting Ready for NFP. Volatility on the Rise. Macroeconomic conditions continue to improve and the Fed is getting ready to slow the pace of the interest rate hikes, allowing risk assets to take a breath of fresh air. In a recent appearance, Fed Chair Jerome Powell hinted that the Federal Reserve will […]
Weekly Round-Up: Inflation, Non-Farm Payrolls, and More. The greenback is trading at multi-month lows, weighted by speculation that the Fed is preparing to slow the pace of its rate hikes, as shown by last week’s FOMC minutes release. After an initial climb above the resistance at 1.0350, the market exhibited range-bound conditions and started to […]