Jackson Hole Symposium Moves Online as Delta Threat Is Rearing Its Ugly Head by Bogdan Giulvezan Last Friday the US Dollar reached a 9-month high against the Euro but on Monday it slipped against its major peers, including the single currency, and allowed the EUR/USD to climb back above the key level at 1.1700. The […]
Green Across the Board – Cardano Is Leading the Charge by Bogdan Giulvezan About a week ago, Cardano’s chief developer announced that the Alonzo upgrade, which will bring smart contract functionality, will go live on September 12. The market response was swift and the coin rallied substantially but oftentimes, these massive surges are short-lived and […]
Retail Sales and Fed Minutes Eyed by Bogdan Giulvezan The greenback is hovering near a one-week low against most of its major peers, following a disappointing Consumer Confidence report released last Friday by the University of Michigan. The report posted a reading of 70.2 (the forecast was 81.2), which is the lowest since 2011. Many […]
Bitcoin – The New Darling of Governments? Soon after El Salvador announced that Bitcoin will become legal tender in the country, there were rumors that Paraguay is looking to do the same. Since then, the long-awaited Bitcoin bill was presented in Paraguay’s National Congress but instead of aiming to make BTC legal tender, it simply […]
Friday’s Payrolls Report Prepares the Dollar for Another Bullish Week The greenback staged a massive comeback late last week, buoyed by the jobs data that surpassed analysts’ expectations. The Non-Farm Employment report showed that 943K new jobs were created during the previous month (forecast was 870K), while the Unemployment Rate dropped to 5.4% from the […]
Is The BTC Rocket Fueling Up For Another Rally? by Bogdan Giulvezan According to crypto analytics firm CryptoQuant, a total of $131 billion worth of BTC moved in one day, earlier this month. However, only 1% of the entire amount was moved through exchanges, which may suggest that big players are trading OTC (Over-the-Counter). Meanwhile, […]
It’s NFP Week Again and The Dollar Is Back In The Spotlight By Bogdan Giulvezan Friday’s positive Eurozone data came as a surprise for analysts and market participants alike. Among a multitude of green numbers, Eurozone’s CPI Flash Estimate (year over year) showed a reading of 2.2%, above the forecast of 2.0%, while the U.S. […]
Bitcoin: The Resurgence by Bogdan Giulvezan During the last week and a half, Bitcoin jumped from a low of $29,296 to a high of $40,927 and is currently trading very close to that top, at $39,750. This resurgence is due in large part to Jack Dorsey’s (co-founder of Twitter and Square) public show of love […]
What’s On Tap For The Dollar This Week? by Bogdan Giulvezan The US Dollar Index (DXY) has been sneaking higher throughout July but the greenback is showing a mixed bias going into the final week of the month. The last few days have been almost flat against the Euro but the Dollar made notable advances […]
JPMorgan & BTC: The Hate/Love Story by Bogdan Giulvezan Most of us remember that back in 2017, JPMorgan Chase CEO Jamie Dimon called Bitcoin a fraud and even threatened to fire any employee who traded the digital currency. In his own words: “The currency isn’t going to work. You can’t have a business where people […]