Technical Take: Bitcoin’s Reaction to Possible SEC ETF Approval. Bitcoin ETF has been a hot topic for the last few months and there is growing anticipation on social media that the SEC may greenlight a spot BTC ETF this Friday, aka TODAY! This buzz has been partly sparked by a tweet from Grayscale’s chief legal […]
NFP Release: Setting the Stage for 2024. Inflation remained the highlight in 2023, just as it has been in 2022, but the Fed and the other central banks across the globe largely managed to tame it. The Federal Reserve led the charge in the fight against inflation, successfully curbing it by increasing the interest rate […]
The Rise of Bitcoin in 2023: ETFs Lead the Charge. Since October, Bitcoin bulls have been dominating the market, pushing the “digital gold” to a 2023 high at $44,729, according to TradingView charts. Without a doubt, one of the main drivers of the rally has been the hype surrounding Bitcoin Spot ETFs and their impending […]
Charting the Course: EUR/USD and the Battle at 1.1000 The greenback was on the retreat last week, with the Dollar Index (DXY) finishing at 101.70, which is the lowest dip since July 2023. The dollar drop was exacerbated by the Fed’s monetary policy pivot, which now makes rate cuts in early 2024 an almost sure […]
Breaking $45,000: Just a Tall Order or Impossible Ask? Argentina has made a ground-breaking move by officially approving the use of Bitcoin in contractual agreements. This marks a major step in the crypto-adoption worldwide and puts Argentina among the ranks of El Salvador and others that go all-in when it comes to embracing Bitcoin President […]
EUR/USD’s Bearish Signal: The Double Top. The greenback took a heavy hit last week, following the last Fed meeting of 2023, which brought new dovish insights into the Fed’s plans for rate cuts in 2024. Throughout last week, the US Dollar Index (DXY) dropped from a high of 104.262 to a low of 101.770 and […]
Bitcoin’s Price Dynamics Post-Fed Shift. Bitcoin’s flash crash seen on Monday was almost completely erased as soon as the Fed announced the end of the rate hike cycle and the upcoming rate cuts. The Federal Reserve’s more accommodating stance positively influenced Bitcoin’s value, helping its recovery from the mentioned drop, where it lost over 5% […]
EUR/USD Technical Analysis: Key Levels and RSI Dynamics. It looks like the United States economy cannot be stopped by the Fed’s tight monetary policy, as evidenced by Friday’s jobs data which exceeded expectations yet again. The Non-Farm Payrolls (NFP) showed that 199K new jobs were created during the previous month (higher than the forecast 184K […]
BTC/USD Bulls Cautious Ahead of Critical Non-Farm Payrolls Report. After a massive surge that saw Bitcoin rise as high as $44,490, the market started to cool off, in part due to profit-taking but also due to increased caution generated by the upcoming US jobs report. Bitcoin whales have been an active driver of the […]
EUR/USD in Pullback Mode Ahead of Non-Farm Payrolls. The dollar had a rocky Friday as market participants tried to digest Fed Chair Powell’s remarks made in a speech where he touched on the ever-sensitive topic of the rate. Although the Chair noted that the economy is slowing down due to the restrictive monetary policy, he […]