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The BTC exchange rate on Friday rose to 26,969 USD. Earlier, the SEC chair addressed the House of Representatives. He faced questioning from Congress but stood firm in his stance. The SEC maintains that the majority of crypto assets should be regulated as securities, although this does not apply to BTC. At present, there don’t […]

On Thursday, the dollar finally took a step back, but the rebound of its major rivals looks more like a technical retracement, as the fundamental picture hasn’t changed much. The American currency was weakened by a “relief rally” in risk assets, with the S&P 500 attracting buyers in the support zone we’ve been discussing since […]

TitleDE30EUR H4 | Bearish reaction off 50% fibo? TypeBearish Reversal Preference: Price could rise towards our pivot point at 15476.5, which is a pullback resistance level, aligning with the 50% fibo retracement. If price reacts bearishly, then price could fall to the 1st support level at 15289.3, which is an overlap support level. Alternative scenario: […]

Brent Brent quotes have broken the 8/8 (93.75) level, escaping the overbought area. The RSI has broken the support line. In this situation, a downward breakout of 7/8 (92.19) could be expected, followed by a decline to the support at 6/8 (90.62). The scenario can be cancelled by rising above the 8/8 (93.75) level. In […]

The major currency pair appears more robust on Friday. The current EURUSD exchange rate stands at 1.0580. After hitting local lows, the euro/dollar rebounded upwards. However, as the global context remains unchanged, this rebound may be temporary. The statistics published yesterday presented a mixed picture. The final calculation of the Q2 GDP in the US […]

 EZ CPI Drops Sharply The latest round of eurozone CPI figures made for better reading for the ECB today. Headline CPI was seen cooling to 4.3% last month, down from 5.2% prior and below the 4.5% the market was looking for. Similarly, core CPI was seen cooling to 4.5% from 5.3% prior, below the 4.8% […]