News
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European Inflation, U.S. Jobs Data To Drive FX Markets
Range-Bound Trading Ahead The EUR/USD pair settled just a few pips below the technical level at 1.1970, which has rejected climbing prices twice in the last few days.…
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El Salvador Embraces Bitcoin
Salvadorans, Rejoice. Free Bitcoin for All! As most of you probably know by now, a bill was recently passed in El Salvador, giving Bitcoin the status of legal…
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US Dollar on the Front Foot
Fed Signals Sooner-Than-Expected Tapering The US Dollar Index (DXY) gave back some gains on Monday and slipped to 92.115 from a 92.405 high reached Friday on the back…
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Is Paraguay The Next To Adopt Bitcoin?
El Salvador Was First To Embrace Bitcoin Recently we’ve learned that El Salvador passed legislation that made Bitcoin legal tender in the country, which means that the flagship…
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The Greenback Gets a Boost from Inflation Numbers
Fed Meeting Eyed for Next Direction Last week’s inflation data gave a surprising boost to the US Dollar, as Thursday’s report showed the CPI and the Core CPI…
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Bitcoin Is Bottoming And Ready To Rally Again
Bitcoin – Legal Tender in El Salvador! At the Bitcoin 2021 Conference that took place last weekend, El Salvador’s President Nayib Bukele announced in a pre-recorded video message…
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Greenback on the Back foot ahead of Inflation Data
U.S. Jobs Miss the Mark Again The dollar opened the week on the defensive, trading below the resistance at 1.2200 against the Euro. The weakness was mostly due…
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Bitcoin Fails to Challenge $40K And Falls Back To Support
Bitcoin Falls $40K as Musk Fires Ambiguous Tweets Since Tesla kingpin Elon Musk expressed concerns regarding Bitcoin’s environmental impact, the flagship digital currency has been on a skid,…
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Dollar Traders Brace For NFP Report
Will NFP Fall in Line With Expectations or Are We in for Another Shock? To say that the US Dollar did not have a good May would be…
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Bitcoin Fails to Break Key Resistance
Where Are the Cryptobulls Bulls? The flagship cryptocurrency recovered from $30,000 lows but recent gains are now evaporating as $40,000 is proving too strong for the bulls to…
