by Bogdan Giulvezan The Euro Is Under Pressure Consumer prices stagnated and retail sales failed to impress across the Eurozone, facts that may work in conjunction with an increasing number of COVID-19 cases to keep Eurozone inflation subdued in the near future. The lack of consumer price increase may prompt the European Central Bank to […]
by Bogdan Giulvezan Bitcoin and Top Cryptocurrencies Tumble The U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice filed charges against BitMEX – one of the largest crypto-exchanges in the world – which resulted in a swift drop in Bitcoin’s price and $15 billion being wiped off the crypto market. The charges […]
by Bogdan Giulvezan The Greenback is Moving! The US Dollar bulls have taken complete control, breaking support and threatening to take EUR/USD into lower territory. Currently trading around 1.1670, the pair is likely to continue going south, at least until profit-taking and bottom hunting come into play. The Euro’s outlook doesn’t look very bright, mostly […]
By Bogdan Giulvezan First Bitcoin ETF to Launch Before End of 2020 For a long time now, Bitcoin advocates and cryptocurrency proponents in general, have been asking the question: When will a Bitcoin ETF finally emerge? It looks like we are on the brink of such a development but its launch will not come from […]
COVID-19 Second Wave Fears Weigh On Pound UK Prime Minister Johnson decided to take a softer stance on Brexit negotiations and to compromise on the controversial Brexit bill. The news initially boosted the Pound, but the climb was soon erased by a Fed-powered US Dollar and the pair is now trading around 1.2860 after being […]
By Bogdan Giulvezan Ethereum’s Getting Expensive to Move – Fees Spike as Uniswap Launches UNI Token Almost 1 million US Dollars in transaction fees were spent in less than one hour for moving ERC-20 tokens. It’s a new high for this type of fee, and it’s all due to the launch of Uniswap’s UNI token. […]
Range-Bound Trading Ahead of FOMC Meetings and Funds Rate by Bogdan Giulvezan The never-ending tug of war between the Euro and the US Dollar is currently taking place around 1.1860, with the pair stuck in a range since the beginning of August. Price is testing a bullish trend line and although the Euro seems to […]
ECB President Lagarde – Bullish on Retail CBDCs By Bogdan Giulvezan Speaking Thursday at the Deutsche Bundesbank online conference on banking and payments in the digital world, ECB President Christine Lagarde said that “Introducing a digital euro would allow the Eurosystem to be at the cutting edge of innovation” but also mentioned that “Europe has […]
Guest Author Bogdan Giulvezan As many of us already know, the UK left the European Union on January 31, 2020, three and a half years after UK citizens voted to do so. An economic separation will follow the political breakup, on 31 December 2020 and this will also mark the UK’s departure from the EU […]
Guest auther Bogdan Giulvezan After reaching a high of $12,019.85 on Tuesday, Sept. 1st, the undisputed king of the crypto space – Bitcoin – slumped to a low of about $10,300 on Friday, Sept. 3rd. That makes it two straight days (Wednesday and Thursday) in the red. Furthermore, over the last 7 days, Bitcoin is […]