The Technical Take: Bitcoin Soaring Through Overbought Territory Last week, an error made the headlines of most crypto news outlets and sent Bitcoin to $30,000. This week, that error could be proof that someone has a time machine… but let’s not get ahead of ourselves. The short story goes like this: in a post by […]
EUR/USD: Between ECB’s Rate Call and US’s Core PCE Release. The U.S. economy is still buoyant, despite a high interest rate, as shown by last week’s Retail Sales numbers that exceeded expectations by a hefty margin. During his anticipated speech on Thursday, Federal Reserve Chair Powell highlighted that the robust U.S. economy and the sustained […]
$30K – A Matter of “When” or “If”? Earlier this week, Bitcoin shot up to a high at $29,900, only to close around $28,500, creating a massive spike on the charts. After a brief moment of indecision, the bulls resumed their control and the apex currency is now changing hands at $29,400. The story of […]
Technical Insight: EUR/USD at a Crucial Juncture The greenback’s status as a safe haven allowed it to win the battle against its peers and the US Dollar Index (DXY) to climb late last week. Against the euro, the dollar gained significant ground, advancing to the key support at 1.0500. Oil hovered around $90 a barrel […]
BTC/USD Analysis: From $25,000 Bounces to Crucial Moving Averages Bitcoin’s price saw a decline for a 5th consecutive day on Thursday, following the U.S. inflation report which revealed that the monthly CPI increased 0.4% while yearly inflation rose 3.7%. The forecast was 0.3% and 3.6%, respectively. Inflation data sparked speculation regarding the Fed’s next move. […]
Chart Talk: Is EUR/USD Poised for a Bullish Turn? The Non-Farm Payrolls (NFP) report showed that jobs in September increased almost double what the economists had predicted, soaring by 336K while the forecast was 171K. The sizzling hot report ignited a rally on Wall Street and brought new questions about the path that the Fed […]
BTC/USD Smashes Major Hurdle. The Battle for the Next Barrier Begins. As per insights coming from crypto analytics firm Santiment, large Bitcoin holders, known as whales and sharks, holding between 10 and 10,000 BTC, have significantly increased their holdings this year, capitalizing on the downward market trend. Per Santiment’s data, these Bitcoin elites now control […]
Major Barrier Touched: EUR/USD at Key Support. Signs of inflation deceleration are present across the board, yet Fed heads still see the need for restrictive monetary policy. Friday, New York Fed President Williams iterated that “will need to maintain a restrictive stance of monetary policy for some time”. The US Dollar erased most of the […]
BTC/USD at Confluence Zone Again. Will the Story Be Different This Time? The world of crypto is starting to pulse rapidly, with a Bitcoin push above $27,000 and a few developments from major players. Coinbase, one of the biggest crypto exchanges in the world, recently introduced a derivatives platform for its global clients. It’s […]
Downward Path for EUR/USD: A Bounce-or-Break Moment. The week ahead will be dominated by inflation data, which is always important but more so this time because both the Fed and the European Central Bank warned about additional hikes if inflation stays high. The US Dollar Index (DXY) has reached a six-month peak, helped by the […]