Retail Sales and Fed Minutes Eyed by Bogdan Giulvezan The greenback is hovering near a one-week low against most of its major peers, following a disappointing Consumer Confidence report released last Friday by the University of Michigan. The report posted a reading of 70.2 (the forecast was 81.2), which is the lowest since 2011. Many […]
Bitcoin – The New Darling of Governments? Soon after El Salvador announced that Bitcoin will become legal tender in the country, there were rumors that Paraguay is looking to do the same. Since then, the long-awaited Bitcoin bill was presented in Paraguay’s National Congress but instead of aiming to make BTC legal tender, it simply […]
Friday’s Payrolls Report Prepares the Dollar for Another Bullish Week The greenback staged a massive comeback late last week, buoyed by the jobs data that surpassed analysts’ expectations. The Non-Farm Employment report showed that 943K new jobs were created during the previous month (forecast was 870K), while the Unemployment Rate dropped to 5.4% from the […]
Is The BTC Rocket Fueling Up For Another Rally? by Bogdan Giulvezan According to crypto analytics firm CryptoQuant, a total of $131 billion worth of BTC moved in one day, earlier this month. However, only 1% of the entire amount was moved through exchanges, which may suggest that big players are trading OTC (Over-the-Counter). Meanwhile, […]
It’s NFP Week Again and The Dollar Is Back In The Spotlight By Bogdan Giulvezan Friday’s positive Eurozone data came as a surprise for analysts and market participants alike. Among a multitude of green numbers, Eurozone’s CPI Flash Estimate (year over year) showed a reading of 2.2%, above the forecast of 2.0%, while the U.S. […]
Bitcoin: The Resurgence by Bogdan Giulvezan During the last week and a half, Bitcoin jumped from a low of $29,296 to a high of $40,927 and is currently trading very close to that top, at $39,750. This resurgence is due in large part to Jack Dorsey’s (co-founder of Twitter and Square) public show of love […]
What’s On Tap For The Dollar This Week? by Bogdan Giulvezan The US Dollar Index (DXY) has been sneaking higher throughout July but the greenback is showing a mixed bias going into the final week of the month. The last few days have been almost flat against the Euro but the Dollar made notable advances […]
JPMorgan & BTC: The Hate/Love Story by Bogdan Giulvezan Most of us remember that back in 2017, JPMorgan Chase CEO Jamie Dimon called Bitcoin a fraud and even threatened to fire any employee who traded the digital currency. In his own words: “The currency isn’t going to work. You can’t have a business where people […]
Euro Bearish as ECB Officials Are Set to Reveal New Monetary Policy The US Dollar ended a bullish week, boosted by much better than anticipated Retail Sales data: the Core indicator, which excludes automobile sales from the calculation, posted a 1.3% change while the forecast was 0.4%. The “vanilla” version also showed a reading above […]
Price Action Remains Unaffected by Bogdan Giulvezan Despite the recent lethargy that’s present on Bitcoin charts, the flagship cryptocurrency is making its way deeper and deeper into the mainstream and is viewed more often as a viable form of payment. The latest win for Bitcoin comes from Jackson, Tennessee: Friday, Mayor Scott Conger announced that […]