The Greenback Registers Hefty Recovery, U.S. Jobs In the Limelight by Bogdan Giulvezan Friday the greenback posted its biggest surge since June, amid a massive sell-off experienced by the bond markets. US Dollar strength drove EUR/USD to a low of 1.2060, retreating off highs above 1.2220, while the GBP/USD fell briefly below 1.3900 before stabilizing […]
Bitcoin Drops Below $50K, Altcoins Follow. Buy, Sell, or Hodl? by Bogdan Giulvezan After establishing a new all-time high above $58,300, the “digital gold” dropped into the $45,000 area and is currently trading at approximately $45,200. We’ve talked before about pullbacks being a normal thing in an uptrend and if we look at Bitcoin’s movement […]
Heads of Central Banks Testify. US Dollar, Euro, and Pound Prone to Volatility The US Dollar closed last week on a bearish note, being outpaced by its major counterparts, the Euro and the Pound. Better than expected U.S. economic data released throughout last week, determined inflation expectations to grow at a higher pace than U.S. […]
Bitcoin Is on Fire: $52K and Still Pumping! by Bogdan Giulvezan Currently trading at 51,800 against the US Dollar, Bitcoin is showing a small correction, after reaching another All-Time High at $52,520, according to data from CoinMarketCap. Given the current look of the chart, it seems that all dips are good opportunities to buy and […]
Bounce-or-Break Scenario in Play by Bogdan Giulvezan Although the United Kingdom has been severely affected by the pandemic, the Pound has been a constant climber over the last few months, outpacing the US Dollar and now threatening the resistance at 1.3900. The pair has been stuck in a rising channel since mid-September 2020 and thus […]
All-Time Highs Across the Board. Binance Coin, Bitcoin, and Ethereum Lead the Charge by Bogdan Giulvezan The Crypto Train shifted into high-gear a while back and it seems it’s not going to stop soon. Everything’s green on CoinMarketCap, with the majority of coins posting double-digit gains (percent-wise) almost every day. As recently as 27 January […]
Sluggish Price Action Ahead of Non-Farm Payrolls and BOE Monetary Reports Generally speaking, GBP/USD has been stuck inside an ascending channel since the start of October 2020 but lately, the pair’s movement has been choppy, and upwards momentum is starting to fade. Several attempts to break 1.3700 resistance have been made but thus far, they […]
Bitcoin Is Gearing up for the “Golden Cross” Thus far, 2021 has been a great year for Bitcoin, with a new All-Time High around $42,000 and with continued interest from major investors such as MicroStrategy, Grayscale, and others. But the last few weeks have been bearish, with the digital king establishing support in the $30,000 […]
Disappointing U.S. Jobs Data Hinders Greenback’s Recovery by Bogdan Giulvezan Friday the US Dollar took a blow from poor US jobs data, as the Non-Farm Employment report showed that only 49K new jobs were added during the previous month, while the prediction was 85K. Even worse, the previous report was revised from -140K to -227K, […]
What In The World Is Doge Coin? by Bogdan Giulvezan Over the last 24 hours, the crypto space has been taken over by DogeCoin and its meteoric rise… and fall. Within the span of one day, DOGE exploded more than 1,000%, reaching highs of about 0.087 against the USDT on Binance charts. The coin has […]