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Market picture The cryptocurrency market was hit by a sell-off over the weekend, the likes of which haven’t been seen in a long time. We would not have been surprised to see such a sell-off before the halving due to the last takeout of buyers before the start of active growth. There is nothing unusual […]

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12/01/2024

Sunset Market Commentary

Markets The US/UK air strikes against Houthi targets in Yemen retaliating for shipping attacks in the Red Sea dominated media, but their market impact remained rather limited for now. The biggest move came on the oil market with Brent crude rising from $77/b before the first strikes to as high as $80.5/b. Traditional risk-related mechanisms […]
19/07/2024

USD/JPY Outlook: Bear-Trap Underpins But Recovery Still Faces Headwinds

USDJPY remains constructive on Friday and attempts to further extend Thursday’s strong bounce, with recovery being supported by signals of a double bear-trap, following a false break below pivotal Fibo support at 156.04 and thin daily cloud (spanned between 155.83 and 155.50). Rising and thickening daily cloud also underpins near-term action, however, headwinds are still […]
29/08/2024

Euro Tests Key Levels Ahead of Inflation Data

EUR/USD The euro has retreated from its previously reached highs. The 1.12000 level provided strong resistance to buyers, and after testing it twice, the price has corrected to 1.1100. This level has already offered support to the pair last week, so for now, we are seeing range-bound trading between 1.1200-1.1090. What scenarios could unfold in […]