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Bitcoin Corrects Lower From Highs The rally in Bitcoin over late 2022/early 2023 motivated a lot of bulls and encouraged a lot of retail traders to re-enter the market, hoping the next big crypto bull run would take place. However, since those highs printed in April, Bitcoin prices have corrected sharply lower. A combination of […]

Bears Calling For USD Drop  Over recent months, a lot of major players have been calling for a shift lower in USD premised on the end of the Fed tightening cycle which has been in place across the second-half of the post-pandemic recovery. The view is that all of the USD bullishness built up across […]

The main currency pair rose by the end of the week. The current EURUSD quote is 1.0780. One of the reasons for this rise was the previously released weekly data on the number of claims for unemployment benefits in the US. The figure increased to 261,000 against the forecast of 236,000 and the previous value […]

TitleXAUUSD H4 |  Running into resistance TypeBearish Reversal Preference:Price could approach the pivot point of 1984.248 and potentially reverse from here; we could see momentum carry price down to its 1st support of 1955.166. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 2004.008. To discuss this trading idea, […]

ECB On Watch Next Week  Looking ahead to next week, the other main focus for traders away from the Fed will be the ECB. The bank is widely expected to hike rates by a further .25%, in line with recent hawkish comments from several ECB members. Additionally, the bank is expected to signal further hikes […]

The BTC is consolidating near 26,455 USD on Friday. The flagship cryptocurrency lost 2.3% over the week. There are numerous internal triggers that are alarming investors and hindering the market from buying. For example, market players continue to be concerned about the multiple and rather aggressive claims by the US Securities and Exchange Commission (SEC) […]