Recent content by FxPro_2022

Bitcoin is not spooked by banking chaos Market picture Alex Kuptsikevich, a senior analyst from FxPro reported that Bitcoin was approaching $26.5K on Tuesday but almost nullified the rise by the end of the day. On Wednesday, we still see a tug-of-war near $25.0K. Bitcoin got a pull on a wave of...

US inflation sparks risk appetite Alex Kuptsikevich, a senior analyst from FxPro reported that the US consumer price index rose 0.4% in February, slowing the annual rate to 6.0%, in line with economists' expectations. The core price index, which excludes food and energy, rose 0.5% for the month...

The UK labour market remains strong Alex Kuptsikevich, a senior analyst from FxPro reported that unemployment claims in the UK fell by 11.2k in February, against analysts' average forecast of a rise of 12.5k. Jobless claims have fallen by nearly 50,000 over the past three months after a...

A bullish pause of the Crypto Market picture Alex Kuptsikevich, a senior analyst from FxPro reported that Bitcoin is swimming in the troubles of the US banking industry, gaining 9% in the last 24 hours and over 25% from Friday's lows. Remember that bitcoin was created in 2008 to respond to...

Bitcoin fell back to critical technical levels Market picture Alex Kuptsikevich, a senior analyst from FxPro reported that the crypto market is suffering impressive losses, mirroring traditional markets flee from risk, which has mainly hit the financial and tech sectors—total crypto...

The Canadian Dollar at extremums Alex Kuptsikevich, a senior analyst from FxPro reported that USDCAD has been rallying this week, gaining 1.4% since Tuesday and testing the five-month high of 1.38. The pair looks vulnerable to both a short-term correction and the potential for a longer-term...

Chinese deflation as good news Alex Kuptsikevich, a senior analyst from FxPro reported that China's consumer price growth fell to 1.0% y/y, a sharp slowdown from 2.1% y/y and against expectations of 1.9% y/y. Producer prices continued their deflationary slide in February, falling 1.4% y/y...

The crypto market is cheaper than a trillion again Market picture Alex Kuptsikevich, a senior analyst from FxPro reported that the total capitalisation of the crypto market is back below $1 trillion, down 1.1% over the last 24 hours. We note that sellers drive the market during periods of...

Powell boosts the dollar, but not for long Alex Kuptsikevich, a senior analyst from FxPro reported that The Federal Reserve chief's speech to Congress has suddenly proved to be a market troublemaker. The Dollar Index has gained more than 1.1% after Powell's hawkish comments opened the door to...

German industrial orders support hawkish ECB stance Alex Kuptsikevich, a senior analyst from FxPro reported that Europe continues to surprise with statistics, suggesting more room for a hawkish tone from the ECB next week. In addition to hawkish inflation readings, data from Germany today...

Powell's speech deepens bitcoin correction Market picture Alex Kuptsikevich, a senior analyst from FxPro reported that Bitcoin fell on Tuesday amid falling equity indices and a rising US dollar. BTC updated three-week lows below $22K, losing 2% in the past 24 hours. Risky assets fell sharply...

Silver tries to confirm the turnaround Alex Kuptsikevich, a senior analyst from FxPro reported that for the past six trading sessions, an ounce of silver has been trading above $21.0 in both directions. The price has been falling for most of February, losing more than 17% from its high ($24.62)...

Crypto market hesitant to grow Market picture Alex Kuptsikevich, a senior analyst from FxPro reported that the price of bitcoin and the capitalisation of the entire crypto market have fluctuated in a very narrow range since the second half of Friday, with the centre of gravity around $22.3K and...

Death Cross continues to hang over Bitcoin Market Picture Alex Kuptsikevich, a senior analyst from FxPro reported that Bitcoin fell 5.2% last week to close at $22,400. Ethereum lost 4.4% to $1570. Other leading altcoins in the top 10 fell between 2.9% (XRP) and 11.5% (Polygon). The total...

Anchoring inflation in Europe Alex Kuptsikevich, a senior analyst from FxPro reported that although commodity and energy prices have retreated from their highs and supply chains have recovered over the past year, inflation remains a problem. This thesis was confirmed today for the eurozone...