Professional Trader Blog - BinaryOptions.net - Page 25

Bitcoin Remains Range-Bound Ahead of Key U.S. Jobs Data

Sep. 02, 2022

The FX and Crypto Markets Are Getting Ready to Burst: Non-Farm Payrolls Eyed After dropping into the major S/R at $20,000, Bitcoin started to move at a snail’s pace, without any sense of direction; however, that’s about to change. Today the most important jobs data is due for release at 12:30 pm GMT: the Non-Farm […]

The Dollar Flexes as Fed Renews Vows to Fight Inflation

Aug. 29, 2022

EUR/USD Below Parity Ahead of European Inflation, U.S. Non-Farm Payrolls As largely anticipated, during Friday’s speech, Fed’s Powell adopted a hawkish stance on fighting inflation, which entails that more rate hikes are scheduled. He mentioned that a tight monetary policy will be needed “for some time” and that he expects “some pain” for businesses and […]

Bitcoin Is in “Slow-Crawl” Mode but It’s All About to Change

Aug. 26, 2022

Gearing Up for Major Volatility: Fed Chair Powell Due to Speak at Jackson Hole Exactly one week ago, Bitcoin had one of its worst days since June: it dropped from $23,200 to $20,785 on fears that the Fed will continue to tighten its policy. Today, Federal Reserve Chairman Powell will speak about the economic outlook […]

EUR/USD Moves Back Into Parity Ahead of Jackson Hole Meeting

Aug. 22, 2022

Dollar Bulls Go on a Rampage as Fed Officials Hint Towards More Hikes The Dollar is back with a vengeance, making significant advances against most of its peers, spurred by strong signals that more interest rate hikes are coming. Fed officials, among which James Bullard (St. Louis Fed Chief) and Mary Daly (San Francisco Fed […]

Crypto Gains Evaporate as Signs of Fresh Downtrend Emerge

Aug. 19, 2022

Bitcoin Fails to Surpass Key Hurdle: $25K Sends the Bulls Tumbling Down The apex cryptocurrency has just demonstrated what a textbook bounce at S/R looks like: it barely touched $25,000 and made a quick turn, dipping lower. During last week’s post, we talked about the low momentum and about the fact that the candles have […]

Fed Rate Hike Expectations Drop. The Euro Takes Advantage

Aug. 15, 2022

EUR/USD Bounces at Long-Term S/R Level. Is Parity Next? U.S. inflation continues to be the centerpiece that spurs the strongest USD movement and last week this proved true once again. The year-over-year CPI reading dropped from the previous 9.1% to 8.5% and the Core version showed 5.9% while the predicted number was 6.1%. These softer […]

Bitcoin Threatens $25K as U.S. Inflation Subsides

Aug. 12, 2022

BlackRock Taps into Bitcoin, Launches BTC Private Trust Bitcoin and U.S. inflation are closely tied together and Wednesday this relationship produced significant moves once again. The yearly inflation rate in the United States dropped to 8.5% from the previous 9.1%, while the predicted reading was 8.7%. The Core version remained unchanged at 5.9% but this […]

Modest Gains for the Dollar as the NFP Exceeds Expectations

Aug. 08, 2022

Choppy Price Action Ahead of U.S. Inflation Data. Friday’s U.S. jobs data came out surprisingly better than anticipated, with all three indicators in the green; the greenback was quick to react, posting gains against its counterparts. The Average Hourly Earnings increased 0.5% (forecast was 0.3%), the Unemployment Rate dropped to 3.5% (forecast was 3.6%), while […]

Bitcoin and Ethereum Hold Their Ground Despite Pullbacks

Aug. 05, 2022

Binance Coin (BNB) Outperforms All Major Cryptos. In late July, Bitcoin managed to move above a bearish trend line printed from the March 2021 top but it failed to make significant advances after the break. Although BTC/USD is still trading above the said trend line, the pair started a slow and grinding pullback that took […]

Stubborn Inflation Spoils US Dollar’s Advance

Aug. 01, 2022

The Labour Market Takes Center Stage – All Eyes on the NFP Report. Despite the Fed’s continued efforts to combat inflation, Friday’s PCE Index showed a monthly increase of 0.6%, double the previous reading and higher than the 0.5% estimate. The greenback slowed down its ascent, allowing the Euro to erase some of its losses. […]