Euro at Record Lows as Ukraine Conflict Deepens by Bogdan Giulvezan The US Dollar strengthened late last week as the Non-Farm Payrolls report showed that 678K new jobs were created, above the forecast 407K. The data, coupled with the worsening of the Ukrainian war, made investors flock to safe-haven currencies such as the greenback, while […]
Triple Top at $45K – The Threatening Bearish Pattern by Bogdan Giulvezan After two days of serious advances, Bitcoin started a downside correction at $45,000 and is currently trading at $41,000. The last three days have been bearish, for a total loss of almost 8% but the apex cryptocurrency is up almost 7% over the […]
West Adds More Sanctions, Ruble Collapses to Fresh Lows by Bogdan Giulvezan In an attempt to shield the country from Western sanctions, the Bank of Russia decided to hike the interest rate from 9.5% to 20%. This is the highest it’s been in almost two decades, as these levels were last seen in 2003. The […]
Bitcoin Erases Losses after a War-Induced Decline by Bogdan Giulvezan The flagship cryptocurrency – Bitcoin – has dipped to a low of $34,324 as a direct consequence of the full-scale military clash that is currently scorching Ukraine. The losses were quickly erased and currently, BTC is trading at $38,400, above support but still below the […]
Biden And Putin Are Set to Meet… “In Principle” by Bogdan Giulvezan The European bloc’s single currency rallied on Monday as news transpired of a potential Biden – Putin meeting. If such a summit does indeed happen, it could ease off the Ukraine crisis but while this may or may not materialise, what is certain […]
Bulls Fail to Break Resistance, Double Top Warns of More Losses by Bogdan Giulvezan After a beautiful rally that saw Bitcoin climb from roughly $33,000 to $45,000 in just over two weeks, the bulls ran out of steam and crumbled at $45K key resistance. BTC/USD created a double top at said resistance and then followed […]
Resistance Holds: EUR/USD Back Inside the Diagonal Channel by Bogdan Giulvezan Europe’s single currency had a bumpy ride last week, as geopolitical tension increased and the Russia-Ukraine situation brought more turmoil. On the other hand, the US Dollar was boosted by soaring inflation that amplified the probability of a 50-basis point hike at the Fed […]
Cryptocurrency Bonanza or Just a Flash in the Pan? by Bogdan Giulvezan Bitcoin performed a picture-perfect bounce at $37,500 and is up almost 15% during the last 7 days, but can it hold on to the gains? During the same period, Ethereum gained 11%, BNB added 10%, and Ripple 33%. Can we assume that the […]
The ECB Makes a Hawkish Turn, Overshadowing a Stellar NFP Report by Bogdan Giulvezan During Thursday’s meeting, the European Central Bank made it crystal clear that some changes are underway, fuelling speculation that 2022 will be the year of the first rate hike since 2011. According to the ECB, “inflation is likely to remain elevated […]
Bitcoin Makes Timid Advances, Yet Full Recovery Is Still Far Away by Bogdan Giulvezan After hitting this year’s low at $32,950 on January 24, Bitcoin started a decent but feeble recovery. The apex cryptocurrency is now struggling to stay above $37,500 resistance but the bulls seem weak and without momentum on their side. Bitcoin’s last […]