News

Bitcoin Rising On USD Drivers Bitcoin futures are trading higher today ahead of the US jobs number. A combination of a weaker Dollar and bolstered risk sentiment attached to dovish Fed expectations and the passing of the debt ceiling bill are helping underpin crypto currently. However, there are two-way risks into today’s US labour market […]

The market’s most traded currency pair returned to stability on Friday. The current EURUSD quote is 1.0770. The attractiveness of the US dollar as a safe-haven asset decreased after the Senate approved the draft bill on raising the public debt limit. It turns out that the risk of default has been the main foothold for […]

Amazon Pops on USD Drop  Shares in Amazon are trading firmly higher ahead of the US open today. The tech stock has been on a solid bull run this year and despite some choppiness over the end of Q1, the stock has rebounded firmly and is now trading around 50% up on the year. This […]

Further Fed ‘Rate Pause’ Comments Yesterday was an important day for stocks with the passing of a deal to suspend the US debt ceiling until after the next election alongside further dovish Fed comments. Fed’s Harker voiced his support for a pause at the next meeting, echoing comments made earlier in the week by Fed’s […]

EURUSD, “Euro vs US Dollar” On H4, near the support level, the currency pair has formed an Engulfing reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target might be the resistance level of 1.0800. However, the price could drop to 1.0640 and continue the downtrend without […]

The BTC is holding near 27,179 USD on Friday. While there are no clear purchases, the support at 26,000 USD remains relevant. For the market to return to the strong growth zone, it needs to secure above 29,800 USD. Today’s trading day can be quite volatile due to the volume of important statistics from the […]