EUR/USD: Anticipating Breakout with Packed Economic Calendar Inflation remained unchanged in May as shown by the Core PCE Price Index, which printed a flat reading of 0.1%, meeting the consensus. However, the previous reading was revised from 0.2% to 0.3%, so, overall we can see a downward trend for U.S. inflation. This sparked some optimism […]
The Double Top at Work: Will BTC/USD Reach the Bottom of the Channel? This month, Bitcoin’s price has fluctuated wildly: after nearing $72,000, close to its all-time high from March, it retreated to the $58,000 area. Just Monday, BTC dropped from $63,100 to $58,500 before erasing some of the losses and closing the session at […]
EUR/USD Under Pressure, USD/JPY Near Intervention. On Friday, the U.S. dollar strengthened against major currencies following the release of PMI (Purchasing Managers’ Index) data, which indicated that the U.S. economy is in better shape compared to other major economies. The U.S. Dollar remained a preferred safe-haven currency due to ongoing political uncertainties surrounding the French […]
Bearish Momentum Starting to Fade. Are the Bulls Gearing Up for A Comeback? Bitcoin’s $100,000 price tag has been somewhat of a myth among investors, traders, and crypto enthusiasts in general. In mid-March, when the apex cryptocurrency hit almost $74,000, this myth was closer than ever to becoming reality. But as of writing, BTC is […]
EUR/USD Breaks Below Key Levels: Bearish Outlook with Support at 1.0635 Last week the Federal Open Market Committee (FOMC) decided to keep the rate unchanged, as it was largely anticipated, although the CPI showed that inflation is on its way down. During the press conference that followed the rate announcement, Fed Chair Powell emphasized that […]
Bullish Signs Ahead: Whales Are Loading Up, Exchange Supply Goes Down. Bitcoin has been consolidating for more than 90 days now, which is its longest period of such price action and could be a precursor to a significant upward rally. Usually, the longer the consolidation, the bigger the explosion is when the price finally breaks […]
Dollar Bulls, Rejoice: EUR/USD Prints Triple Top. The U.S. economy is not slowing down according to Friday’s stellar Non-Farm Payrolls report that overshot expectations by a huge margin. The report showed that 272K new jobs were created, while last month’s number was 165K and the forecast was 182K. The Average Hourly Earnings also increased […]
Double Top or Breakout? Today’s NFP May Hold the Answer. Bitcoin started the week on a positive note, with wind in its sales and a fresh challenge of the resistance at $71,500 after a bounce off the bullish trend line. And since we are close to the All-Time High, the question arises: can Bitcoin reach […]
EUR/USD: Technical Patterns Hint at Volatility May ended on a bad note for the US Dollar Index (DXY), which dropped 1.54% for the month but is still up around 3% for the year. Inflation was the main focus of last week, with the U.S. Personal Consumption Expenditure Index (PCE) showing a 0.2% drop, exceeding the […]
Chart Analysis Suggests Key Support Levels as Mt. Gox Payout Looms. Right now, Bitcoin is stuck in what many analysts call the “boredom zone,” with prices showing slow movement and low volatility. Hovering around $68,000, Bitcoin hasn’t seen any major spikes or dips in the past month, reflecting a period of relative calm. It seems […]