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DXY: For DXY, the potential direction is bearish, despite the overall bullish momentum of the chart. There’s a chance of a bearish reaction off the pivot level, leading to a drop towards the 1st support. The pivot at 103.70 acts as pullback support, coinciding with the 50% Fibonacci Retracement, indicating its significance as a level […]

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BTC/USD Analysis: Bears Have Become More Active Near $70,000 Level

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07/06/2024

Crypto Market Quiet

Market picture The crypto market capitalisation remained almost unchanged overnight at $2.63 trillion, showing a sharp decline in volatility. Bitcoin settled near the $71K level (+0.2%), while Ethereum settled near $3800 (-0.9 %). Prices of top altcoins changed between -1.2 % (Avalanche) and +2.7% (Toncoin). The lull in the crypto market is probably due to […]
06/09/2024

August Employment: Size of September Rate Cut Remains Unsettled

Summary The August employment report indicated that while the jobs market is not unraveling, it continues to clearly weaken. Employers added 142K jobs in August, which was a bit less than expected, but came on the heels of another significant downward revision to prior months’ hiring. Over the past three months, employers have added 116K […]
19/12/2023

USD/JPY: Strong Acceleration After Dovish BoJ Deflated Yen

USDJPY was sharply up during the late Asian/European session on Tuesday (up 1.3% so far) in strong acceleration after dovish Bank of Japan deflated yen. The central bank kept its ultra-loose monetary policy unchanged and maintained forward guidance, disappointing those who expected signals about the start of tightening cycle. The pair is in near-term recovery […]