What To Expect From The Dollar, Volatility The Euro – Dollar pair is inches away from the “line in the sand” represented by the crucial level at 1.2000. About 3 months back, European Central Bank’s Chief Economist Philip Lane and other ECB officials stated they don’t want to see the shared currency climb above the […]
Is Bitcoin Gearing Up For A Move Up? Over the last couple of days, Bitcoin dropped dramatically from $19,500 highs to as low as $16,200 and it is currently trading at $16,800. This behavior has been dubbed a “market crash” by some, while others simply consider it a normal pullback in a healthy trend. I […]
The British Pound Pushes Higher, Backed by EU/UK Negotiations and Vaccine Optimism by Bogdan Giulvezan The Pound opened the week on a positive note, showing strength against its major counterparts and moving above 1.3350 against the greenback, trading at 1.3370 at the time of writing. Most of this strength was generated by optimism coming from […]
Litecoin Is Lagging The Market by Bogdan Giulvezan Litecoin is up more than 30% over the last 7 days, and almost 12% over the last 24 hours, climbing steadily since September 20th. It recently broke the resistance at $80 and it is now testing the highest price reached in 2020. The recent Bitcoin rise dealt […]
Brexit Negotiations Are Making Progress, Too by Bogdan Giulvezan Brexit negotiations are still underway but a recent development may prove to be beneficial. Dominic Cummings, Chief Advisor to Prime Minister Boris Johnson and an influential figure in the vote to leave campaign, has decided to resign. The market interprets this as a positive thing and […]
The Dollar Comes Under Pressure by Bogdan Giulvezan The US Dollar lost ground against its major counterparts throughout last week, as the Biden – Trump political battle unfolded. However, global stocks were boosted by expectations that trade ties around the world would become stronger following Joe Biden’s victory. Considering the trade war waged by the […]
FOMO Starts to Kick In! by Bogdan Giulvezan Bitcoin is pumping once again and is now trading comfortably above $15K. It successfully cleared the resistance at $13,800 (June 2019 high) and is now sitting at levels last reached in January 2018. The US Dollar on the other hand is losing ground and looks strongly affected […]
Presidential Election, Interest Rates, and New Lockdown Measures by Bogdan Giulvezan The week ahead is shaping up to be one of the busiest of the entire year, with major events across the board. The Presidential Election will be the highlight for the United States, alongside the FOMC policy meetings and if that’s not enough, the […]
ECB Announces New Stimulus Package by Bogdan Giulvezan Bitcoin traded above $13,000 for the most part of the current week, reaching prices north of $13,800 on some exchanges. The biggest pullback of the week occurred Wednesday, as investors across the world were troubled by reports of an increase in COVID-19 cases and new lockdown measures […]
Pound Still Dependant on EU and UK Trade Deal Negotiations. by Bogdan Giulvezan Sentiment towards the greenback remained rather neutral over the past week, as investors and traders took a cautious approach to the markets, mostly due to US fiscal stimulus talks and the approaching of the Presidential election. On the other side of the […]