Latest Market News
Bitcoin Holds at Highs Following the order book clearout we saw on Tuesday, Bitcoin prices have been grinding back up towards highs. Weakness in the US Dollar ahead of today’s key labour market updates has been helping bolster sentiment with bulls hoping for a fresh move lower in USD today to help spur Bitcoin on. […]
TitleEURUSD H1 | Bearish Drop TypeBearish Drop Preference:Price is currently at the pivot point of 1.0947, an overlap resistance level. A drop from this level could lead the price to fall to 1st support at 1.0915, a pullback support. Alternative scenario:If price breaks above the pivot, it could rise to 1st resistance at 1.0962, above […]
June Cut in Focus Yesterday’s ECB meeting was a pivotal moment for FX traders with the bank essentially giving the nod for a June rate cut. Monetary policy was held unchanged yesterday, as expected. However, Lagarde noted that the ECB continued to make good progress towards achieving its inflation target but wanted more confirmation that […]
Daily Market Outlook, March 8, 2024 Munnelly’s Macro Minute… “Dovish Take On Fed & ECB Supports Risk Sentiment ” This morning, Asian equity markets are experiencing an increase after significant gains in US markets yesterday, driven by comments from US Federal Reserve Chair Powell during his testimony to Congress. Powell suggested that the Fed is […]
Last Monday, the price of Bitcoin reached its maximum point, rebounded, dropped, and formed a bearish engulfing. Currently, the asset’s price is in the middle of engulfing, and this didn’t come as a surprise. Hence, Bitcoin might potentially undergo a stronger correction soon. So, let’s observe what is going to happen next. Should the price […]
ETH Pauses… For Now Similar to the price action we’re seeing in Bitcoin, Ethereum is paused for now at the highs of the recent rally. ETH futures have seen a more than 75% rally off the YTD lows, with price trading up to its highest level since December 2021, eclipsing the 202 highs. Given the […]