Ethereum in a Tough Spot as Crypto Woes Persist
ETH/USD stays on the defensive and in risk of fresh year lows, as markets assess the fallout from the recent FTX bankruptcy
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
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ETH/USD stays on the defensive and in risk of fresh year lows, as markets assess the fallout from the recent FTX bankruptcy
The United Kingdom was in the spotlight this week, with a series of economic data and the government’s budget, but the pair had limited reaction
The commodity heads towards another losing week, as OPEC and the IEA lowered their demand growth projections, while Covid-19 infections in China are rising
Fed-speak, economic data, UK’s economic plan and more news were in focus, during today’s US Open
The German Index loses steam after its six-week rally and consolidates its gains, as today’s Eurozone inflation report does not help it find direction
The pair finds support this week, but runs a very bad month, as markets pare back their expectations around the Fed’s tightening path
The commodity is having a bad week and pauses its recent recovery, weighed by disappointing data form China and elevated Covid-19 cases
The US index lacks firm direction today as recent geopolitical fears ease and markets assess strong retail sales from the US and a poor quarterly report from retail giant Target
The pair extends its advance this week, helped by encouraging data from Eurozone and the greenback’s post-CPI demise, as market try to look past renewed geopolitical tensions
The precious metal runs an impressive month and the first profitable one since March, capitalizing on the greenback's correction, but the RSI shows overbought conditions
The pair rises today after the mixed jobs report, as markets brace for more economic data from the UK over the coming days and the update on the government’s economic plan
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