EUR/USD Trades at 2-Year High as Overbought Levels Come Into Play The trade war continues and the focus is now almost entirely on the U.S. and China as tariffs keep climbing in a retaliatory fashion. At the time of writing, the import tax for Chinese products is 145%, while American imports are taxed 125% by […]
Bitcoin (BTC) Challenges Long-Term Trend Line Again. Is a Break In the Cards? The crypto markets are green-ish again and the main players are still Trump and the reciprocal tariffs – this time we get a pause and the start of negotiations. On Wednesday, President Trump announced a 90-day pause on the newly instated tariffs […]
EUR/USD Drops Back Down After Massive Rally. Bearish Divergence at Play. Wall Street is in disarray, with the S&P 500 down more than 10%, and stocks like Apple and Tesla down more than 13% and 10%, respectively. The US Dollar Index (DXY) dropped from 104.20 to 101.40 in the two days following President Trump’s announcement […]
BTC/USD: Fake Break of Resistance. The Slide Continues? The overly anticipated announcement of the new trade tariffs has come and gone, leaving behind a cheaper Bitcoin and a bit less uncertainty. The first piece of information that came out was that the Trump administration would impose a 10% tariff across the board. However, soon it […]
EUR/USD at Support. Fundamentals to Decide Next Move. U.S. inflation heated up in February, as shown by Friday’s Core PCE Price Index which increased by 0.4% in February, more than the expected 0.3%. This stifled the dollar’s recovery and erased all gains made earlier in the week. The market is still waiting for clarity regarding […]
Bullish Divergence in Play. Can Bitcoin Close Above $90K? The rally that started on March 11 looked relatively frail right from the start, with small green candles, low volume, and a lack of momentum. The price action looked like a drop waiting to happen right from the start but despite this, Bitcoin slowly climbed higher […]
EUR/USD Pulls Back from Overbought, Eyes 1.0775 Support The greenback finished the week higher against the Euro for the first time this month and it looks like uncertainty is easing, albeit just slightly. The Fed decided to keep the rate unchanged, as did the Bank of England and the Bank of Japan last week. Also, […]
New Whales Emerge. Trump Doubles Down on His Pro-Crypto Approach On March 20, President Trump notched another “first” in the history of cryptocurrency mainstream adoption by appearing at the Blockworks Digital Asset Summit. This is the first time an American President has participated in a crypto summit and shows how far crypto has come in […]
EUR/USD to Take a Breather. Deeper Correction Underway? The CPI data that came out last week showed that the Fed is on the right track to reach the 2.0% inflation target but there is still a long way to go. The Headline CPI showed a 0.2% change from the previous 0.5% and the anticipated 0.3%, […]
BTC/USD Prints New Low. Bulls Are Nowhere to Be Seen Bitcoin is starting to show signs of recovery although the broader picture still favours the bears. Wednesday, the U.S. Consumer Price Index posted better-than-expected numbers, showing that inflation only advanced 0.2% as opposed to the anticipated 0.3% and the previous 0.5%. The yearly numbers came […]