Exploring the technical dynamics as EUR/USD tests key support. Last week’s price action was sluggish, to say the least, with EUR/USD opening at 1.0635 and closing the week only 15 pips higher, at 1.0650. The high was 1.0690, so the entire week was slow, mostly due to the economic scene being lacklustre. The Fed will […]
Bitcoin Struggles at Resistance. How Will the Halving Affect it? This week marks a significant event for Bitcoin—the upcoming halving, which will slash the mining reward from 6.25 BTC to 3.125 BTC per block. This adjustment is expected to shake up the mining world, with some predicting that less profitable miners may leave the network. […]
Dollar Strength Tests Key Euro Support Zones The U.S. Dollar Index (DXY) is on the rise, showcasing its strongest performance since early November, with a significant 4.6% increase since the start of 2024. This surge comes as persistent inflation concerns fuelled speculation that the Fed might hold on to the current rates longer than anticipated. […]
The Shape of Change: Bitcoin and the Symmetrical Triangle. Leveraged Bitcoin traders, you’d better brace yourselves because the Digital King approaches a pivotal moment that could send prices veering in unpredictable directions. Recently, there has been a surge in leverage within the market, leading to market makers capitalizing on heightened emotions and erratic trading behaviors. […]
EUR/USD Drifts on the 50 MA. Where to Next? Friday’s data revealed that U.S. job growth significantly exceeded March expectations, and wages grew steadily, indicating a strong economy at the end of the first quarter. The actual number of new jobs was 303K, far above the forecast of 212K. A healthy job market suggests that […]
Bitcoin Cash Completes its Halving. Bitcoin’s Countdown Has Started! Welcome to the whirlwind that is Bitcoin in 2024! The price of Bitcoin dropped below $65,000 this week; to put things in perspective, on Monday it was trading above $71,000. Between mid-February and mid-March, Bitcoin saw its biggest climb, thanks to spot ETFs (Exchange-Traded Funds) aggressively […]
EUR/USD Bangs on Support Ahead of German Inflation, U.S. Jobs Data. Despite discussion about aggressive rate cuts in early 2024, the US Dollar is displaying superiority against its counterparts in the US Dollar Index (DXY) and making hefty advances against its European rival, the Euro. EUR/USD finished last week right on the 1.0775 support, as […]
Previous ATH Broken: Will the Bulls Take Notice? This month we experienced the freshest All Time High at $73,794, which is a great feat considering that we are just three months into 2024 and Bitcoin’s low was below $40,000. In three months, the digital king appreciated by more than $33K and we are yet to […]
EUR/USD – Dollar Bulls Challenge Support As expected, the Fed kept the interest rate locked in place at 5.50% last week, but Fed Chair Powell’s relaxed attitude bolstered hopes of a June cut. At the time of writing, The CME FedWatch tool shows there is a 67% probability that the U.S. interest rate will be […]
Bitcoin’s Ebbs and Flows: Are We About to Enter a Ranging Market? Bitcoin Exchange Traded Funds carried the heavy load of the last massive rally that took Bitcoin (BTC) to the All-Time High of $73,794 but some might say their appeal is starting to wear off. Bitcoin’s price, a barometer of market sentiment, has retreated […]