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BTC Rally Pauses for Now Bitcoin bulls remain in limbo for now as the leading crypto asset continues to hang out just below recent highs. Excitement and speculation regarding anticipated BTC ETF approval has been keeping Bitcoin prices well supported over recent months, helped by a shift in the market’s Fed expectations. However, on the […]
After a series of risk-on days, FX markets are now consolidating with the dollar on the rise against its major peers. This follows some intriguing price movements triggered by the Reserve Bank of Australia’s 25 basis point interest rate hike, as well as mixed economic data from China. Today’s trading session appears relatively calm, but […]
TitleGBPUSD H4 | Rising towards resistance? TypeBullish Bounce Preference:The price is falling toward our pivot point of 1,2323, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 1,2417, a multi-swing high resistance. Alternative scenario:However, if the price breaks below the pivot, […]
TitleEURUSD H1 | Bouncing off support? TypeBullish Bounce Preference:The price is falling toward our pivot point of 1.0686 which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 1.0722, an overlap resistance. Alternative scenario:However, if the price breaks below the pivot, it […]
The primary currency pair is facing a retreat on Tuesday. The current EURUSD exchange rate stands at 1.0706. Risk sentiment in the global foreign exchange market has become notably complex, benefitting both the USD and the EUR. The macroeconomic calendar brought forth the statistics from the eurozone on Monday. The final services PMI remained at […]
The Australian dollar is falling against the US dollar on Tuesday. The current AUDUSD exchange rate stands at 0.6437. At its November meeting, the Reserve Bank of Australia decided to raise the interest rate to 4.35% per annum from the previous 4.10%. In its comments, the RBA noted long-term inflation concerns. Naturally, this did not […]