Latest Market News

ECB Pivots on Rates Yesterday’s ECB meeting was a tricky event for EUR bulls. With long positions overextended ahead of the meeting and a smaller .25% rate hike well baked into price, it was going to take a clear hawkish surprise from the bank to help drive EUR higher near-term. However, this hawkish surprise didn’t […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a further price fall to the nearest support at 0/8 (0.8789) is expected. The scenario can be cancelled by rising above […]

The Australian dollar is using the impulse of growth efficiently, rising to its two-weeks highs against the US dollar. The current AUDUSD quote is 0.6732. Most probably, the AUD is supported by the weak dollar factor, while the fundamental background looks rather gloomy. The Reserve Bank of Australia has decreased expectations concerning inflation, wages, and […]

TitleETHUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price could approach our pivot point of 1927.35 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1804.63. Alternative scenario:f price breaks above the pivot point, it could hit the 1st resistance of 1965.7. To discuss this trading idea, head […]

Fed Signals Likely Pause Bitcoin is trading higher today on the back of the May FOMC yesterday but hasn’t quite seen the breakout move that many were hoping for. The Fed was seen hiking rates by a further .25%, as expected along with announcing a move to a data dependent stance on any further rate […]

By Friday, the BTC has risen to 29,208 USD. The weekly growth of the leading cryptocurrency is modest, of just 0.77%. Overall, the technical picture looks to be to the bulls’ benefit if we do not focus too much on the correlation with the US stock market. To skyrocket, the buyers need to test 31,000 […]