News - - Page 7

U.S. Inflation Still Stubborn. Eurozone CPI Up Next

Feb. 27, 2023

The Greenback Prints New Highs, Reaches Key Support vs. the Euro. The Core PCE Price Index delivered yet another surprise last week by exceeding analysts’ forecast by a hefty margin, prompting the USD to drive higher. The currency markets are currently driven by expectations that the peak Federal Funds Rate will be higher than initially […]

The IMF vs. Crypto. The Claws Are Out…. But Why?

Feb. 24, 2023

Bitcoin’s Pullback Is Underway. $25K Still a Target. In a statement released on February 23, the International Monetary Fund (IMF) made harsh remarks about cryptocurrency and called for a “coordinated response” from member countries. The IMF presented a rough attitude towards cryptocurrency, saying that “the widespread adoption of crypto assets could undermine the effectiveness of […]

The Fed Is Still Hawkish. Could We See Another 50-bps Hike?

Feb. 20, 2023

Thin Monday – U.S. Markets Closed, EUR/USD Lingers at Support The U.S. economy is still firing on all cylinders, as evidenced by last week’s inflation and retail sales data, which could push the Fed’s peak rate higher. The Consumer Price Index exceeded the 6.2% forecast, showing an actual reading of 6.4%. This was lower than […]

Bitcoin Fails to Break $25K After Picture-Perfect Bounce

Feb. 17, 2023

El Salvador Spreads Crypto ‘Love’, Opens New Bitcoin Embassy. If you want to find a perfect example of how the principle of support and resistance works in trading, then look no further than Bitcoin’s latest price action. In late January, the apex cryptocurrency started to show indecision and rejection (doji candles and pinbars), coupled with […]

Dollar Shoots for 5-Week High, CPI in the Spotlight

Feb. 13, 2023

Buy the Dip: Is the Pullback Over? In a recent interview, Fed Chair Jerome Powell emphasized the importance of economic data going forward, which adds some extra spice to this week’s CPI. During a discussion hosted by the Economic Club of Washington, the Chairman stated: The reality is that we’re going to react to the […]

Bitcoin’s Pullback Has Started! Is It a Good Thing?

Feb. 10, 2023

Fed Chair Powell: We Could Raise Rates Higher Than We Expect. Last week’s Non-Farm Payrolls data came out much better than anticipated, taking everyone by surprise, including the Fed and its Chair, Jerome Powell. In a discussion hosted Tuesday by the Economic Club of Washington, Fed’s Powel made it clear: We didn’t expect the jobs […]

The U.S. Jobs Market Is Relentless. Fed’s Work Is Not Done

Feb. 06, 2023

EUR/USD Pullback in Progress, Dollar Back on the Offensive The NFP report blew expectations out of the water by posting a whopping 517K, almost double the previous 260K and way above the forecast of 193K. This came just two days after the Fed added 25 bps to the interest rate and set the stage for […]

$25K in Sight. Can BTC Get There Before the Retracement?

Feb. 03, 2023

One Last Volatility Cocktail for the Week: NFP, Hourly Earnings, and Unemployment Rate. The Fed added 25 bps to the interest rate, which was in line with the market’s expectation but the FOMC Statement contained interesting clues which sent the dollar higher. As a consequence of this newfound US Dollar strength, BTC/USD dropped from a […]

Get Ready for the Busiest Week of the Year Thus Far

Jan. 30, 2023

Central Banks, Interest Rates, Jobs, and More. As the first trading month of 2023 comes to an end, the markets are getting ready for a week that’s overflowing with important events and releases. From inflation data to press conferences, interest rates and jobs, this week has it all, so it’s fairly safe to assume that […]

El Salvador’s President Lashes Out at Media Critics

Jan. 27, 2023

Bitcoin Hangs on to Gains but the Bulls Are Running Out of Steam El Salvador’s ‘love affair’ with Bitcoin has been a polarizing issue, with some praising President Bukele’s bold vision and others condemning him for making BTC legal tender. In a recent series of tweets, El Salvador’s President made harsh remarks towards large media […]