Bitcoin is nearing a critical moment as traders closely monitor for signs of either a breakout or level manipulation. On the daily timeframe, Bitcoin is trading at $68,180, approaching the significant resistance zone near $69,000. This level has...
Fundamental Analysis of EUR/USD With its multi-week negative trend in mind, EUR/USD was well on the defensive, approaching the 1.0800 support level. October 21 is when Germany's producer prices are due. On October 24, the flash HCOB Manufacturing...
Softening US market data suggests that the Federal Reserve (Fed) may take a less aggressive approach to future rate hikes, which could weaken the US Dollar (USD). According to the CME FedWatch Tool, the odds of a 25 basis point (bps) rate cut at the...
West Texas Intermediate (WTI) crude had a tough week with prices near the key support level of $67.50. This price point has been significant for several years, suggesting that value buyers may step in as the market nears this key area. But the...
The Euro’s trajectory for the rest of the year will be closely tied to market expectations surrounding the European Central Bank’s (ECB) interest rate decisions. The ECB is anticipated to implement one interest rate cut during its two remaining...