Focus Shifts towards Inflation Numbers The Non-Farm Payrolls report released Friday not only disappointed but also shocked the US Dollar bulls by showing that only 266K jobs were created during April, while the anticipated number was 990K. disclaimer – The NFP is a highly flawed data point. It is the difference of two faulty estimates […]
Citi Considers Adding Crypto Services by Bogdan Giulvezan According to a report from the Financial Times, the banking giant Citigroup Inc. is currently weighing the possibility of offering cryptocurrency services to its clients. At the time of writing it is not clear if the bank will add these services but the options on the table […]
NFP Data Could Green Light Additional Gains by Bogdan Giulvezan April was a rough month for the US Dollar, as the DXY finished the month with a 2% decline; the index was facing a 3% monthly drop but the last day of April saw the greenback rejuvenated and making solid gains against most of its […]
CBDCs Are a Thing Again, Mastercard Wants a Piece of the Crypto Pie by Bogdan Giulvezan A while back, some central banks, including the European Central Bank appeared to be very interested in the idea of CBDCs – Central Bank Digital Currencies. The interest in CBDCs remained high but they somewhat disappeared from the spotlight, […]
Fed Stance on Tapering May Affect the Trend by Bogdan Giulvezan The US Dollar lost ground against many of its major counterparts on Monday, taking a nose-dive and retreating to almost 2-month lows. The EUR/USD is currently trading just shy of 1.2100, after a perfect bounce at 1.1700 support, which occurred almost a month ago. […]
Fears of “Major Correction” in Play by Bogdan Giulvezan “What goes up, must come down” – it’s about the only thing that physics and financial charts have in common. Bitcoin’s massive 2021 rally is taking a breather, with the Digital Gold crashing below the key psychological level at $50,000 and currently trading at $47,920. Although […]
Eurozone Economy Still on “Two Crutches” by Bogdan Giulvezan Speaking at an event last Wednesday, European Central Bank President Christine Lagarde warned that the bloc’s economy is still reliant on what she referred to as “two crutches”: monetary and fiscal stimulus. On that note, the EUR/USD is testing the resistance at 1.1970 – 1.2000 and […]
Coinbase IP Sparks Fresh Highs For Bitcoin by Bogdan Giulvezan It seems like every new week, the crypto market is making a new All-Time High, with Bitcoin leading the charge and defying gravity at $61,500. It is currently correcting lower after reaching highs just shy of $65K and some of the downside seems to be […]
Fueled By Hopes of Elevated Inflation and Retail Sales Data by Bogdan Giulvezan The US Dollar retreated off 93.43 highs last week, with the DXY sliding to a low of 92.02 on Friday and trading near 92.30 at the time of writing. Federal Reserve Chair Jerome Powell appeared on CBS’s “60 Minutes” over the weekend […]
Crypto Dominance: XRP Regains $1 As Bitcoin stabilizes above $57,500, the altcoins are gaining traction and showing positive signs. The front runners are Ripple’s XRP, Ethereum, and one of the best performers of the year: Binance Coin (BNB). Ripple’s XRP is making an explosive comeback after suffering the heavy blow from the SEC trial. The […]