EUR/USD Rebounds at 1.0350. Double Bottom May Be the End of the Downtrend As we are entering the last two trading sessions of 2024, the Forex market is clearly affected by end-of-year volatility and the economic calendar holds no major releases. EUR/USD spent most of 2024 in a range between 1.0600 and 1.1200, and the […]
BTC/USD Trapped Between Support and Resistance. End of Year False Breaks? As we’re approaching what was undoubtedly the best year to date for crypto in general, Bitcoin is hovering around $95K after surpassing $108K earlier this month. The year’s lowest point was reached back in January when Bitcoin was worth $38,500. The main catalyst behind […]
EUR/USD Faces False Break Risks Amid Year-End Volatility The U.S. inflation is progressing at a slower pace than anticipated, as shown by last week’s Core PCE Price Index which advanced just 0.1%. The previous value was 0.3% and the projected reading was 0.2%. This makes the case for the Fed’s new stance on rate cuts, […]
Key Level at $100K Broken. RSI Divergence Signals Caution and Deeper Corrections Bitcoin broke levels that were unimaginable just 5 years ago and added more than 150% just this year alone. The first “mind-blowing” event – if we can call it that – occurred in late 2017, when the apex cryptocurrency hit $20K but from […]
EUR/USD Faces Resistance; Downtrend Likely to Continue Inflation remains a lingering issue in the United States, staying just above the Fed’s 2.0% target. Last week’s PPI numbers came out above expectations, showing that producer prices are still increasing, which means that consumers will soon have to pay extra charges. The stubborn inflation raises some questions […]
BTC/USD Price Action Becomes Murky. Mixed Signals and Potential Correction. As Bitcoin is gathering its strength to possibly print a new All-Time High, the crypto world is buzzing with positive… and some negative vibes. Ukraine plans to embrace cryptocurrencies by legalizing them in early 2025, aligning with global trends. At this time, the legislation is […]
Downside Risks Persist as EUR/USD Fails to Break 1.0600 Zone The market is still digesting last week’s Non-Farm Payrolls report, which showed that the U.S. economy added 227K new jobs, in line with the 218K expected figure. This comes a month after an NFP report which showed only 12K new jobs but was skewed by […]
The Bulls May Take a Break – Sideways Movement Ahead? On Thursday 05 December, Bitcoin surpassed the legendary $100,000 mark and reached an All-Time High at $103,650. Depending on the chart source Bitcoin’s price surpassed even $104,000 but it’s normal for different exchanges to post slightly different prices. Besides, $103K or $104K is not the […]
EUR/USD Recovery Faces Resistance. Downtrend Still in Play Wall Street closed November with the biggest monthly gain in a year, supercharged by Donald Trump’s win at the beginning of the month. Optimism and hopes stemming from his proposed tax cuts, higher import fees, and deregulation boosted U.S. stocks throughout the whole month of November. The […]
BTC Pulls Back After Hitting $99,800 ATH. Was This Retracement Enough? On November 28, 2012, Bitcoin went through its first ever halving so we could say that halved Bitcoin is 12 years old (and a day). At that time, block rewards were reduced from 50 Bitcoin to 25 Bitcoin and the apex cryptocurrency went through […]