EUR/USD Bounces Off Support: Sideways Movement on the Horizon The Fed’s preferred inflation gauge showed last week that Trump’s tariffs are yet to have an effect on prices because at least until now, they have not climbed drastically. The U.S. Core PCE Price Index (month over month) posted a 0.1% change, exactly as anticipated. The […]
BTC Hits a Snag, Overbought RSI Triggers Temporary Correction After printing a fresh All-Time High (ATH) at $112K, Bitcoin failed to capitalize on the momentum and retreated below the previous peak at $109,350. It looks like the tariff uncertainty is getting the best of market participants… again. Negotiations between the Trump administration and its major […]
Dollar Weakened by Uncertainty, EUR/USD Returns Above Support Just when things started to look a bit better in the trade war, President Trump ramped up the level of uncertainty by threatening higher levies. Last week he mentioned tariffs of 50% on European Union imports and weighed on the possibility of 25% duties on all Apple […]
The Rocket Has Launched. Where Will It Stop to Refuel? On Thursday, Bitcoin reached a daily high of $112,000 and made history again, breaking yet another massive barrier: the previous ATH located at $109,350. Bitcoin’s market cap swelled above $2.21 trillion, which positioned the OG crypto among the most valuable assets, trailing only behind giants […]
EUR/USD Trades Below Resistance, Correction Still Underway. Despite the tariff debacle and the perceived fear of recession, the U.S. economy is doing better than expected, or at least that’s what the numbers are saying. Last week we saw the U.S. Retail Sales increase by 0.1%, higher than the forecast 0.0% but we also saw a […]
Bitcoin Faces Downward Shift After Overbought Surge: Possible Dip Ahead Ever since “Liberation Day”, the traditional and crypto markets have been operating under the intense influence of the new tariffs imposed by President Trump. While the initial response was chaos and bearishness across the board, as soon as the 90-day pause was instated, the market […]
EUR/USD at Support Ahead of Inflation Data. Bounce or Break? The trade tariffs keep on making the headlines but the narrative seems to have shifted as now President Trump is more lenient towards reaching common ground. A U.S.–UK trade deal made last week established a 10% baseline and lowered duties on automobile imports. This development […]
Pullback Probability Increases. RSI Shows Signs of Overextension The OG crypto soared to new heights after traders and investors entered a buying frenzy sparked in part by Fed Chair Powell’s comments and in part by the easing of the tariffs situation. The crypto market reached a capitalization of $3.1 trillion, which is the highest in […]
EUR/USD: Bullish Pressure Subsides. Bears Ready to Step In. U.S. stocks and indices rallied throughout last week and even more so Friday when the U.S. NFP report posted better-than-expected numbers. The report showed that 177K new jobs were created during the previous month, surpassing the forecast of 138K and indicating that the U.S. economy is […]
$100K in Sight After Clean Breakout. Pullbacks Incoming? Last month’s main story was the tariff debacle, which had a big impact on the traditional market as well as the crypto market. By the looks of things, the trade war is starting to cool off, with President Trump pausing the tariffs against all countries but China. […]