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EUR/USD is consolidating below its new one-week high, reached after a 0.8% jump on Thursday. The recent advance broke through the Fibonacci resistance at 1.0563 (38.2% of 1.0936/1.0332), following a recovery last week that stalled at…
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The dollar index traded within a tight range on Friday morning in anticipation of the U.S. non-farm payrolls (NFP) report but remained under pressure after dropping 0.5% in the previous session. This decline signaled initial bearish…
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Bitcoin surged past the monumental 100K mark on Thursday, setting a new all-time high in the 104K zone. A sharp rally of over 6% during the Asian trading session propelled Bitcoin beyond the upper boundary of its recent consolidation…
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The Australian dollar fell 1% to hit a four-month low on Wednesday following weaker-than-expected Q3 GDP figures, which dampened the Reserve Bank of Australia’s (RBA) hawkish tone. Economic growth in the third quarter came in…
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Bitcoin dropped 2.6% during Asian and European trading on Monday, pressured by a stronger dollar following recent comments from Donald Trump. Despite the dip—the largest in a week—Bitcoin remains above the critical $95,000 support level,…
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The dollar index edged higher on Monday, opening with a gap up as markets reacted to a significant shift in President-elect Donald Trump’s rhetoric. Trump moved from advocating for a weaker dollar to combat trade wars to issuing threats…
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The USDJPY slid to a six-week low on Friday, accelerating its decline following a stronger-than-expected rise in Tokyo’s November inflation, which heightened market anticipation of a Bank of Japan rate hike in next month’s policy meeting.…
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EUR/USD eased in early Thursday trading, slipping modestly after Wednesday’s robust 0.8% gain, but the dip remained supported by the broken 10-day moving average (1.0524), which has now turned into a support level. Near-Term Outlook and…
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Bitcoin advanced 3.1% in early American trading on Wednesday, recovering from a correction low of 90,732 following a four-day pullback from its record high of 99,807. The rebound gained traction as the decline found solid support above…
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USD/JPY continued its downward acceleration for a second consecutive session, falling 1.1% during Asian and European trading hours on Wednesday. The primary drivers of the decline were increased demand for the yen as the month-end and…
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