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23 Apr 2026, 11:45

USD/JPY Price Forecast: Bullish Triangle Breakout Signals Surge Toward 160.50

BitcoinWorld USD/JPY Price Forecast: Bullish Triangle Breakout Signals Surge Toward 160.50 USD/JPY price forecast points to a sustained bullish trend as a classic triangle breakout pattern confirms further upside potential toward the 160.50 level. This technical development strengthens the outlook for the dollar-yen pair, drawing attention from forex traders and analysts worldwide. USD/JPY Price Forecast: Triangle Breakout Signals Bullish Continuation The USD/JPY pair has broken out of a symmetrical triangle pattern on the daily chart. This breakout suggests a continuation of the existing uptrend. Traders now eye the 160.50 resistance zone as the next major target. The breakout occurred with above-average volume, adding credibility to the move. Technical analysts view triangle breakouts as reliable signals. The pattern forms when price consolidates between converging trendlines. A breakout above the upper trendline indicates buyer dominance. In this case, the breakout aligns with a broader bullish trend in the dollar. The yen remains under pressure from several factors. Japan’s monetary policy stays accommodative. The Bank of Japan maintains ultra-low interest rates. Meanwhile, the Federal Reserve keeps rates elevated. This interest rate differential favors the dollar. Key support levels now sit at 158.00 and 157.50. A pullback to these levels could offer buying opportunities. However, the breakout suggests the path of least resistance is higher. Technical Analysis: Key Levels and Indicators The Relative Strength Index (RSI) reads above 60, indicating bullish momentum without overbought conditions. The Moving Average Convergence Divergence (MACD) shows a bullish crossover. Both indicators support the USD/JPY price forecast for further gains. The 50-day moving average recently crossed above the 200-day moving average. This golden cross pattern reinforces the bullish outlook. It often precedes extended upward moves in forex pairs. Fibonacci extension levels provide additional targets. The 161.8% extension of the previous rally sits near 160.50. This level aligns with the triangle breakout projection. It represents a key resistance zone. Traders should monitor the 160.00 psychological level. Round numbers often attract stop-loss orders. A break above 160.00 could accelerate buying pressure toward 160.50. Level Type Significance 160.50 Resistance Fibonacci extension, triangle target 160.00 Resistance Psychological level 158.00 Support Breakout retest zone 157.50 Support Previous resistance turned support Fundamental Drivers Behind the Yen’s Weakness Japan’s economic data continues to influence the yen’s performance. Inflation remains below the Bank of Japan’s 2% target. This allows the central bank to maintain its dovish stance. The interest rate gap between the US and Japan widens. The US economy shows resilience. Strong employment data and consumer spending support the dollar. The Federal Reserve signals no immediate rate cuts. This hawkish stance boosts dollar demand against the yen. Geopolitical tensions also play a role. Safe-haven flows sometimes benefit the yen. However, the dollar often attracts more safe-haven demand during global uncertainty. This dynamic further supports the USD/JPY price forecast. Trade balances impact currency valuations. Japan runs a trade deficit, which puts downward pressure on the yen. Higher energy import costs contribute to this deficit. The dollar benefits from the US trade surplus in services. Expert Analysis: What Traders Should Watch Market strategists emphasize the importance of the 160.50 level. A break above this zone could open the door to 162.00. Failure to reach 160.50 might indicate a false breakout. Traders should wait for confirmation before adding positions. Volatility could increase around key data releases. US non-farm payrolls and CPI reports often trigger sharp moves. Japanese GDP and inflation data also matter. These events could test the breakout’s validity. Positioning data shows speculative traders net long on USD/JPY. This aligns with the bullish USD/JPY price forecast. However, crowded trades can reverse quickly. Risk management remains essential. Options markets reflect similar sentiment. Risk reversals favor dollar calls over yen puts. This indicates market participants expect further dollar strength. Implied volatility remains elevated, suggesting potential for large moves. Comparison with Previous Breakouts Similar triangle breakouts occurred in 2022 and 2023. Each breakout led to significant rallies. In 2022, USD/JPY rose from 130 to 150 after a triangle breakout. The current pattern resembles those historical setups. The 2023 breakout saw a move from 140 to 150. The rally took several weeks to complete. This suggests patience may reward traders in the current environment. The projected target of 160.50 represents a similar percentage move. False breakouts also happen. In early 2024, a triangle breakout failed. Price reversed sharply, catching many traders off guard. This highlights the need for stop-loss orders. The current breakout appears more robust, but caution remains warranted. 2022 breakout: 130 to 150, confirmed by volume 2023 breakout: 140 to 150, golden cross present 2024 false breakout: Reversed below 145, RSI divergence Current breakout: Targets 160.50, RSI above 60 Impact on Broader Markets The USD/JPY price forecast influences other asset classes. A stronger dollar pressures emerging market currencies. It also weighs on commodities priced in dollars. Gold often falls when the dollar rises. Japanese equities benefit from a weaker yen. Exporters like Toyota and Sony see higher profits. The Nikkei 225 index correlates positively with USD/JPY. A move to 160.50 could support Japanese stocks. Bond markets also react. US Treasury yields rise when the dollar strengthens. Japanese government bond yields remain low. This divergence attracts carry trade activity. Investors borrow yen to buy higher-yielding dollar assets. Cryptocurrencies show mixed reactions. Bitcoin sometimes rallies on dollar weakness. However, the current dollar strength could limit crypto gains. The relationship remains complex and context-dependent. Conclusion The USD/JPY price forecast indicates a strong bullish bias following the triangle breakout. The 160.50 target represents a key resistance level. Technical indicators, fundamental drivers, and historical patterns all support further upside. Traders should monitor the 158.00 support level for potential pullbacks. The yen’s weakness, driven by interest rate differentials and economic fundamentals, continues to favor the dollar. This analysis provides a clear framework for navigating the pair in the coming weeks. FAQs Q1: What is a triangle breakout in forex trading? A triangle breakout occurs when price moves decisively above the upper trendline of a symmetrical, ascending, or descending triangle pattern. It signals a continuation of the prevailing trend. Traders use it to identify entry points and set price targets based on the pattern’s height. Q2: Why is 160.50 a key level for USD/JPY? The 160.50 level represents a Fibonacci extension target derived from the previous rally. It also aligns with the projected move from the triangle breakout. Historically, such levels act as strong resistance or support, making them critical for trade planning. Q3: How does the Bank of Japan affect the yen? The Bank of Japan maintains ultra-low interest rates and a dovish monetary policy. This keeps the yen weak against currencies with higher yields, like the US dollar. Policy changes, such as rate hikes, could strengthen the yen, but no such moves are imminent. Q4: What risks could invalidate the USD/JPY bullish forecast? A false breakout, unexpected Federal Reserve rate cuts, or a shift in Bank of Japan policy could reverse the trend. Geopolitical events or a sharp risk-off move might also trigger yen buying. Traders should use stop-losses to manage these risks. Q5: Can retail traders profit from this USD/JPY setup? Yes, retail traders can participate by buying on pullbacks to support levels or on a confirmed break above 160.00. Proper risk management, including stop-loss orders and position sizing, is essential. The setup offers clear entry and exit points based on technical analysis. This post USD/JPY Price Forecast: Bullish Triangle Breakout Signals Surge Toward 160.50 first appeared on BitcoinWorld .

23 Apr 2026, 11:05

EUR/GBP Hits Fresh April Lows Near 0.8650 After Solid UK PMI Data Shocks Traders

BitcoinWorld EUR/GBP Hits Fresh April Lows Near 0.8650 After Solid UK PMI Data Shocks Traders The EUR/GBP currency pair hits fresh April lows near the 0.8650 mark during Tuesday’s European trading session. This sharp decline follows the release of solid UK Purchasing Managers’ Index (PMI) data, which significantly boosted the British pound. Traders now watch the 0.8650 support level closely, as a break below could open the door for further losses toward the 0.8600 handle. EUR/GBP Hits Fresh April Lows: What Drove the Pound Rally? The EUR/GBP hits fresh April lows primarily due to a strong pound rally. The UK S&P Global/CIPS Composite PMI for April surged to 54.0, well above the 52.6 expected and the previous month’s 52.2. This marks the fastest expansion in the UK private sector since May 2023. The services PMI jumped to 54.9, while manufacturing edged up to 49.0, signaling a broad-based recovery. These figures suggest the UK economy is gaining momentum. Higher PMI readings typically support the domestic currency, as they point to stronger economic activity and potentially higher interest rates. The Bank of England (BoE) now faces a more complex decision on monetary policy. Markets immediately priced in a lower probability of a rate cut in June, pushing the pound higher against the euro. UK PMI Data: A Detailed Breakdown The UK PMI data revealed several key points: Composite PMI: 54.0 (vs. 52.6 forecast) — highest in 11 months. Services PMI: 54.9 (vs. 53.0 forecast) — driven by consumer spending and business activity. Manufacturing PMI: 49.0 (vs. 48.9 forecast) — still in contraction but improving. Employment: Slight increase in staffing levels, particularly in services. Price pressures: Input costs rose, but output price inflation eased. These numbers paint a picture of a resilient UK economy. The services sector, which accounts for roughly 80% of UK GDP, shows particular strength. Consumer confidence appears to be recovering, supported by falling inflation and rising real wages. Bank of England Outlook: No Rate Cut in Sight? The solid PMI data reduces the urgency for the BoE to cut interest rates. Governor Andrew Bailey has previously emphasized a data-dependent approach. With economic activity accelerating, the central bank may hold rates at 5.25% for longer. This contrasts with the European Central Bank (ECB), which faces a weaker eurozone economy. Eurozone PMI data released simultaneously painted a gloomier picture. The eurozone composite PMI fell to 51.4 from 51.8, with manufacturing deepening its contraction to 45.6. Germany’s manufacturing PMI dropped to 42.0, highlighting the industrial slump. This divergence between the UK and eurozone economies drives the EUR/GBP decline. Technical Analysis: Key Levels for EUR/GBP From a technical perspective, the EUR/GBP hits fresh April lows and breaks below the 0.8680 support zone. The pair now tests the 0.8650 area, which acted as a floor in late March. A daily close below 0.8650 would confirm a bearish breakout, targeting the 0.8600 psychological level and then the 0.8550 region, last seen in August 2023. On the upside, resistance now lies at 0.8680, followed by 0.8720 and the 50-day moving average at 0.8750. The Relative Strength Index (RSI) on the daily chart sits near 35, approaching oversold territory. This suggests the sell-off may be overextended in the short term, but the trend remains firmly bearish. Impact on Traders and Investors The EUR/GBP move has significant implications for forex traders. Short sellers of the pair profit from the decline, while long positions face losses. The pound’s strength also affects UK exporters, as a stronger currency makes their goods more expensive abroad. Conversely, UK importers benefit from cheaper foreign goods. For eurozone investors holding UK assets, the exchange rate movement reduces the value of their returns when converted back to euros. This creates a headwind for UK equities and bonds from a European perspective. Historical Context: April Lows in Perspective The EUR/GBP hits fresh April lows, but the pair has traded lower in recent history. In September 2022, the pair spiked above 0.9200 during the UK mini-budget crisis. Since then, the pound has recovered significantly. The current level of 0.8650 is near the midpoint of the 2023-2024 range. A sustained break below 0.8600 would mark a new multi-month low and signal a major shift in the trend. What to Watch Next: Key Economic Releases Several factors will determine whether EUR/GBP extends its decline or rebounds: UK inflation data (April 24): March CPI is expected to fall to 3.1% year-on-year. A lower reading could weaken the pound. BoE speeches: Any dovish comments from policymakers would cap the pound’s gains. Eurozone GDP (April 30): Q1 GDP data will show if the eurozone is slipping into recession. UK GDP (May 10): Monthly GDP for February will provide further clues on economic momentum. ECB meeting (April 11): Any hints of a June rate cut would pressure the euro. These events will shape the near-term direction of EUR/GBP. Traders should remain cautious and adjust their positions based on incoming data. Conclusion The EUR/GBP hits fresh April lows near 0.8650, driven by solid UK PMI data that boosts the pound. The divergence between the UK and eurozone economies favors further sterling strength. However, the 0.8650 support level remains critical. A break below could accelerate losses toward 0.8600. Traders should monitor upcoming economic releases and central bank commentary for the next catalyst. The outlook for EUR/GBP remains bearish as long as UK data continues to outperform eurozone figures. FAQs Q1: Why did EUR/GBP hit fresh April lows? The EUR/GBP hit fresh April lows because solid UK PMI data showed the UK economy expanding faster than expected. This boosted the British pound against the euro, pushing the pair down to 0.8650. Q2: What is the significance of the 0.8650 level for EUR/GBP? The 0.8650 level is a key technical support zone. A break below it could trigger further selling toward 0.8600, while a hold could lead to a short-term rebound toward 0.8680. Q3: How does the UK PMI data affect the Bank of England’s interest rate decisions? Strong PMI data reduces the likelihood of a near-term rate cut by the Bank of England. Higher economic activity gives the BoE more room to keep rates elevated to combat inflation. Q4: What is the difference between the UK and eurozone PMI data? The UK composite PMI rose to 54.0, signaling strong expansion. In contrast, the eurozone composite PMI fell to 51.4, with manufacturing in deep contraction. This divergence favors the pound over the euro. Q5: What should forex traders do with EUR/GBP now? Traders should watch the 0.8650 support level closely. A break below could be a sell signal, while a bounce might offer a short-term buying opportunity. Tight stop-losses are recommended due to potential volatility. Q6: Can EUR/GBP fall below 0.8600? Yes, if the 0.8650 support breaks and UK economic data continues to outperform eurozone data, EUR/GBP could fall below 0.8600. The next major support lies at 0.8550. This post EUR/GBP Hits Fresh April Lows Near 0.8650 After Solid UK PMI Data Shocks Traders first appeared on BitcoinWorld .

23 Apr 2026, 10:40

GBP/USD Stabilizes: UK PMI Data Bolsters Pound Amid Steady Dollar Demand

BitcoinWorld GBP/USD Stabilizes: UK PMI Data Bolsters Pound Amid Steady Dollar Demand The GBP/USD currency pair finds a footing today as fresh UK PMI data injects support into the Pound Sterling. This development comes amid persistent, steady demand for the US Dollar. Traders now assess the balance between these two forces. UK PMI Data Provides Critical Support for GBP/USD The latest Purchasing Managers’ Index (PMI) figures from the United Kingdom exceed market expectations. Both the services and manufacturing sectors show expansion. This positive data directly strengthens the Pound against the Greenback. The GBP/USD pair responds by stabilizing after recent volatility. Economic data releases like PMIs serve as leading indicators. They signal the health of the economy. A stronger-than-expected reading often boosts the domestic currency. This reaction occurs because it reduces the likelihood of aggressive monetary easing by the Bank of England. Services Sector Leads the Charge The UK services PMI, a key gauge of the dominant sector, prints a robust figure. This reading comfortably stays above the 50.0 mark that separates expansion from contraction. Analysts point to resilient consumer spending and business activity. This sector’s strength forms a solid foundation for the Pound. Manufacturing Shows Signs of Recovery The manufacturing PMI also edges higher. This sector has faced headwinds from global trade tensions and supply chain issues. The modest improvement offers a glimmer of hope. It suggests that the industrial part of the economy might be stabilizing. This dual-sector strength amplifies the positive impact on GBP/USD. Steady US Dollar Demand Caps Gains for the Pair Despite the upbeat UK data, the US Dollar maintains its firm stance. Several factors underpin this persistent demand. The Federal Reserve’s hawkish monetary policy stance remains a primary driver. The Fed continues to signal that interest rates will stay higher for longer. This outlook attracts capital flows into dollar-denominated assets. Furthermore, the US economy shows remarkable resilience. Recent employment data and consumer spending figures remain strong. This economic outperformance relative to other major economies supports the Dollar. Consequently, any upside in GBP/USD faces resistance from this robust Greenback demand. Comparing Central Bank Policies The divergence in central bank policy between the Bank of England and the Federal Reserve is crucial. The BoE has paused its rate hiking cycle. Market participants now expect rate cuts later this year. In contrast, the Fed maintains a cautious approach. It prioritizes inflation control over rate cuts. This policy gap favors the Dollar over the Pound. Factor Impact on GBP/USD Strong UK PMI Data Supports Pound (Bullish) Hawkish Fed Policy Supports Dollar (Bearish) Resilient US Economy Supports Dollar (Bearish) BoE Rate Cut Expectations Weighs on Pound (Bearish) Technical Analysis: Key Levels for GBP/USD From a technical perspective, GBP/USD currently trades within a defined range. The pair finds support near the 1.2500 level. This psychological level has held firm in recent sessions. On the upside, resistance emerges around 1.2700. A decisive break above this level could open the door for further gains. Moving averages provide additional context. The 50-day moving average sits above the 200-day moving average. This configuration, known as a ‘golden cross,’ signals a potential bullish trend. However, the price action remains choppy. Traders should watch for a clear breakout from the current range. Key Support and Resistance Levels Support: 1.2500, 1.2400, 1.2300 Resistance: 1.2700, 1.2800, 1.2900 Market Sentiment and Trader Positioning Market sentiment toward GBP/USD remains mixed. Speculative traders show a slight bullish bias. Data from the Commodity Futures Trading Commission (CFTC) reveals that net long positions on the Pound have increased. This positioning suggests that some traders anticipate further upside. However, institutional investors adopt a more cautious approach. They cite the uncertain economic outlook and geopolitical risks. The ongoing conflict in Ukraine and trade tensions between the US and China add to the uncertainty. These factors keep the Dollar bid and limit GBP/USD gains. Impact of Global Risk Appetite GBP/USD often correlates with global risk sentiment. The Pound is considered a risk-sensitive currency. The Dollar acts as a safe-haven asset. When risk appetite improves, the Pound tends to strengthen. Conversely, when fear grips markets, the Dollar benefits. Current risk sentiment is fragile. This fragility supports the Dollar’s safe-haven appeal. Expert Analysis and Outlook for GBP/USD Forex analysts offer varied views on the pair’s future trajectory. Some believe that the UK PMI data provides a temporary boost. They argue that the underlying economic fundamentals still favor the Dollar. Others see the PMI data as a turning point. They suggest that the UK economy is gaining momentum. “The UK PMI data is a welcome surprise,” notes a senior currency strategist at a major bank. “It shows that the UK economy is not in as bad shape as feared. This could force the BoE to reconsider its dovish stance. If that happens, the Pound could rally significantly.” However, a competing analyst warns against over-optimism. “The Dollar remains the dominant currency. The Fed is not done with rate hikes. Any rally in GBP/USD will likely be sold into. The path of least resistance is still lower for the pair.” Conclusion The GBP/USD pair stabilizes today as positive UK PMI data provides support. This support offsets the steady demand for the US Dollar. The outlook remains uncertain. Traders must weigh the improving UK economic data against the persistent strength of the Dollar. Key levels to watch include 1.2500 support and 1.2700 resistance. The direction of central bank policy and global risk sentiment will ultimately determine the pair’s next major move. FAQs Q1: What is the main reason for GBP/USD stabilizing today? A1: The main reason is the release of stronger-than-expected UK PMI data. This data supports the Pound. However, steady demand for the US Dollar caps any significant gains. Q2: How does UK PMI data affect the Pound? A2: A higher PMI reading indicates economic expansion. This boosts confidence in the UK economy. It reduces the likelihood of aggressive BoE rate cuts. This, in turn, supports the Pound. Q3: Why is the US Dollar still strong? A3: The US Dollar remains strong due to the Federal Reserve’s hawkish policy. The Fed signals that interest rates will stay high. Additionally, the US economy shows resilience. This attracts investors to the Dollar. Q4: What are the key technical levels for GBP/USD? A4: Key support is at 1.2500. Key resistance is at 1.2700. A break above 1.2700 could lead to further gains. A break below 1.2500 could trigger a sell-off. Q5: What is the outlook for GBP/USD in the coming weeks? A5: The outlook is uncertain. The pair will likely trade in a range. The direction depends on central bank policy and global risk sentiment. Upcoming UK inflation and US jobs data will be crucial. This post GBP/USD Stabilizes: UK PMI Data Bolsters Pound Amid Steady Dollar Demand first appeared on BitcoinWorld .

23 Apr 2026, 10:02

The Fed Just Exposed Major XRP Secrets

Two major announcements from the Federal Reserve have caught the attention of the XRP army. Crypto analyst Levi Rietveld has recently analyzed what they mean for XRP investors. The signals point to a significant transition in the Fed’s approach to monetary policy, and XRP sits in its path. The $7.5 Billion Injection The Federal Reserve has injected $7.5 billion into the U.S. banking system through routine reserve management purchases, known as RMPs. Rietveld notes the injection is modest by historical standards. Previous quantitative easing cycles involved trillions of dollars. This current move is what Rietveld calls “technically a little bit of stimulus,” but he is clear that it is not enough on its own to drive a major bull run. The significance here is not the size, but the direction. The Fed is moving capital into the system, and that signals a posture worth watching. OMG!!! THE FED JUST EXPOSED MAJOR $XRP SECRETS!!! pic.twitter.com/qhIt4pzvRm — Levi | Crypto Crusaders (@LeviRietveld) April 21, 2026 A New Voice at the Fed The more consequential development involves Kevin Warsh. Warsh is a financier and former Member of the Federal Reserve Board of Governors. He is also the incoming Fed Chair . His public positioning on inflation policy is already influencing how investors read the market. Warsh is pushing back against the current Fed’s tendency to treat inflation deviations as temporary or excusable due to supply shocks. The current Fed leadership views oil-driven inflation as a short-term factor, one that should not influence interest rate decisions. Warsh rejects that view. According to Rietveld, he is calling for “price stability, without excuse.” That is a notable departure from the current Fed Chair. What This Means for XRP Rietveld connects these developments directly to XRP’s trajectory. The principle is straightforward. Whenever the Fed lowers interest rates and increases the money supply, XRP’s price rises. Warsh’s stance introduces a harder line on inflation, which carries weight for rate decisions. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Investors are already adjusting their positioning based on this shift. That affects capital flow across the entire financial system. XRP, as a digital asset built for institutional-grade transactions, responds to these macroeconomic forces. Why XRP Investors Are Paying Attention The XRP community has long argued the asset is uniquely positioned for institutional adoption. A Fed that prioritizes price stability, led by a financier with Warsh’s background, puts monetary credibility at the center of policy. That environment, over time, supports the kind of institutional confidence that drives serious capital into assets like XRP . Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post The Fed Just Exposed Major XRP Secrets appeared first on Times Tabloid .

23 Apr 2026, 09:59

Sun vs Trump crypto venture: where is the community leaning?

The crypto community is currently caught between a rock and a seriously hard place, in persons of TRON founder Justin Sun and the Trump family. As you likely know, Justin is in a public beef with the family over their shady crypto venture World Liberty Financial. Now Justin Sun is suing World Liberty Financial, the crypto venture co-founded by Trump and his sons. The lawsuit was filed on Tuesday in California federal court, where Justin says the company blocked him from selling digital tokens worth up to $1 billion. He also says the company tried to pressure him into putting hundreds of millions of dollars more into the business to mint USD1, the stablecoin tied to World Liberty Financial. The complaint says his tokens were frozen after he refused to put in more money. X users pile on Eric Trump as crypto comments line up behind Justin Sun Eric Trump went to X and tried to make the lawsuit look silly, saying , “The only thing more ridiculous than this lawsuit is spending $6 million on a banana duct-taped to a wall. We are incredibly proud of the @worldlibertyfi team.” That post got a lot of replies from people in crypto who were plainly more angry at the Trump side than at Justin. Ashley, an OKX partner, told Eric, “The only thing more ridiculous than this lawsuit is that the Trump family has grifted $1 billion off of the crypto community while telling everyone that they are pushing crypto forward.” Another user posted an image of Eric holding the so-called $6 million duct-taped banana with Justin standing beside him, using the photo to mock the hypocrisy. Eric Trump and Justin Sun holding the $6 million duct-taped banana. Source: X. MASTR, a crypto influencer, posted, “You are liars, scammers, and the scum of humanity. If I had to choose, I would even put in a good word for @justinsuntron. Not that I ever will, but you Trumps and Witkoffs belong behind bars forever.” Another X user wrote, “No, what’s ludicrous is that you have locked the life savings of people who believed in your father you full-moon werewolf looking motherfucker. Unlock their funds you corrupt bastard and stop the billionaires boys club showmanship with that other corrupt prick Sun…” M-Log added, “You just talk shit like your dad. You fucked over your investors, not only him, but all. You’re max extracting and you deserve the lawsuit. You had great fun back then btw, funny this is the only thing you got.” The comments kept getting harsher. Hugh wrote, “What a grimey, nasty ass family. Can’t believe I voted for this 3X. A sitting president that rekt all his followers with shitcoins. God almighty will yall please just go away”. Michael said, “You guys are scammers. Unlock our tokens and we’ll decide whether to stay or leave. Our investments are with you without any single penny in returns.” Captain Crypto posted, “That lawsuit will be stronger once 85k holders submit against you fucking trumps scammers sooner or later your father will be no more POTUS and once it happens scammers like you will go straight to the bars asshole scammers.” People are also dragging up what Eric said back in June last year. At the time, he posted on X, “I’m the biggest fan of Tron and love @justinsuntron – he is a great friend and an icon in the crypto space. That said the below is inaccurate – I don’t have public involvement.” Donald Trump has been obsessed with the crypto industry from the beginning, seeing as he launched his now-infamous meme coin $TRUMP a day before his inauguration, a token currently down more than 95% from its January 2025 high. Eleven months ago, a gala dinner for major investors in the token kicked off a buying spree among MAGA-friendly crypto traders. And this Saturday, another event is set for Mar-a-Lago. But who knows if the degens are as eager to go now as they were back then. Still letting the bank keep the best part? Watch our free video on being your own bank .

23 Apr 2026, 09:50

EUR/USD Stalls at 1.1700: Mixed Eurozone PMI Data Triggers Uncertainty

BitcoinWorld EUR/USD Stalls at 1.1700: Mixed Eurozone PMI Data Triggers Uncertainty Frankfurt, Germany – The EUR/USD currency pair hesitates at the key 1.1700 level on Thursday, following the release of mixed Eurozone Purchasing Managers’ Index (PMI) figures. This hesitation signals a market caught between optimism over service-sector resilience and growing concerns about a deepening manufacturing slump. Mixed Eurozone PMI Data Weighs on EUR/USD The Eurozone’s composite PMI for July came in at 48.9, slightly above the 48.6 forecast but still below the 50.0 threshold that separates growth from contraction. This marks the second consecutive month of contraction for the bloc’s private sector. However, the service-sector PMI rose to 50.1 from 49.6, surprising analysts who expected a decline. In contrast, the manufacturing PMI fell to 42.7 from 43.4, hitting a new 38-month low. These diverging figures create a complex picture for the European Central Bank (ECB). The service-sector resilience suggests underlying demand remains, but the deepening manufacturing recession points to structural weakness in Germany and other industrial powerhouses. Consequently, the EUR/USD pair struggles to break above the psychological 1.1700 resistance. Traders now focus on the ECB’s next policy decision. The central bank faces a delicate balancing act. It must combat persistent inflation without choking off the fragile recovery. The mixed PMI data reduces the likelihood of another rate hike in September, as ECB policymakers may prefer to wait for more clarity. Key Support and Resistance Levels for EUR/USD Technical analysis reveals critical levels for the EUR/USD pair. The 1.1700 level acts as a strong resistance, having rejected prices multiple times this week. A decisive break above this level could open the path toward 1.1750 and then 1.1800. Conversely, failure to hold above 1.1650 may trigger a sell-off toward 1.1600 and 1.1550. Resistance: 1.1700, 1.1750, 1.1800 Support: 1.1650, 1.1600, 1.1550 The 50-day moving average sits near 1.1680, providing dynamic support. The Relative Strength Index (RSI) hovers around 48, indicating neutral momentum with a slight bearish bias. Traders should watch for a close above 1.1700 on daily charts to confirm bullish momentum. Market Reaction and Immediate Impact Immediately after the PMI release, the EUR/USD spiked to 1.1710 before quickly retreating to 1.1690. This volatile move reflects the market’s confusion over the conflicting data points. European stock markets also showed mixed reactions, with the DAX rising 0.3% while the CAC 40 fell 0.1%. Bond yields in the Eurozone edged lower, with the German 10-year Bund yield falling to 2.45%. This decline suggests investors expect the ECB to adopt a more cautious stance. Meanwhile, the US Dollar Index (DXY) strengthened slightly, putting additional pressure on the EUR/USD pair. Expert Perspective on the Data Economists at ING Bank note that the service-sector resilience is a positive sign, but the manufacturing weakness cannot be ignored. They argue that the ECB will likely keep rates unchanged at the next meeting, waiting for more comprehensive data. Similarly, analysts at Commerzbank highlight that the PMI figures do not change the fundamental outlook for the euro, which remains tied to the energy crisis and global demand. Broader Economic Context for the Eurozone The mixed PMI data comes against a backdrop of persistent inflation and slowing growth. The Eurozone’s annual inflation rate remains above the ECB’s 2% target, currently at 5.5%. Energy prices, though lower than last year, still weigh on industrial production. The ongoing conflict in Ukraine continues to disrupt supply chains, particularly for energy-intensive industries. Germany, the Eurozone’s largest economy, is in a technical recession after two consecutive quarters of negative GDP growth. The manufacturing PMI for Germany fell to 38.8, the lowest since May 2020. France also saw its manufacturing PMI drop to 44.5. These figures underscore the depth of the industrial downturn. US Dollar Dynamics and Federal Reserve Influence The EUR/USD pair also reacts to developments across the Atlantic. The Federal Reserve’s recent hawkish stance supports the US dollar. Fed Chair Jerome Powell reiterated that the central bank remains data-dependent and may raise rates further if inflation does not cool. Strong US retail sales and jobless claims data this week further boosted the greenback. However, the US dollar faces headwinds from a potential government shutdown and political uncertainty. The debt ceiling debate and upcoming budget negotiations could weaken investor confidence. This creates a tug-of-war for the EUR/USD pair, with both currencies facing their own challenges. Technical Analysis and Trading Strategies From a technical perspective, the EUR/USD pair forms a bearish flag pattern on the 4-hour chart. This pattern suggests a potential continuation of the downtrend if the price breaks below 1.1650. Conversely, a bullish breakout above 1.1700 would invalidate the pattern and signal a reversal. Traders should use a combination of technical indicators to confirm entries. The MACD shows a bearish crossover, while the Bollinger Bands are narrowing, indicating low volatility. A breakout from this range could trigger a sharp move in either direction. Bearish scenario: Sell on a break below 1.1650, target 1.1600, stop-loss at 1.1680. Bullish scenario: Buy on a break above 1.1710, target 1.1750, stop-loss at 1.1680. Conclusion The EUR/USD pair hesitates at 1.1700 after mixed Eurozone PMI figures, reflecting a market in wait-and-see mode. The service-sector resilience offers some hope, but the manufacturing recession and broader economic challenges keep the pair under pressure. Traders should monitor upcoming ECB comments and US economic data for clearer direction. The 1.1700 level remains the key battleground for the near term. FAQs Q1: What does the EUR/USD hesitation at 1.1700 mean for traders? A1: It indicates indecision in the market. A break above 1.1700 could signal bullish momentum, while failure to hold may lead to a sell-off toward lower supports. Q2: How do mixed Eurozone PMI figures affect the EUR/USD? A2: Mixed PMI data creates uncertainty about the ECB’s next move. Service-sector strength supports the euro, but manufacturing weakness weighs on it, leading to range-bound trading. Q3: What is the ECB’s likely response to the PMI data? A3: The ECB may pause rate hikes at the next meeting to assess the economic impact of previous tightening. The mixed data reduces the urgency for immediate action. Q4: What are the key support and resistance levels for EUR/USD? A4: Key resistance is at 1.1700, followed by 1.1750. Key support is at 1.1650, then 1.1600. Q5: How does the US dollar influence the EUR/USD pair? A5: A stronger US dollar, driven by hawkish Fed policy, puts downward pressure on EUR/USD. Conversely, US political uncertainty can weaken the dollar and support the euro. This post EUR/USD Stalls at 1.1700: Mixed Eurozone PMI Data Triggers Uncertainty first appeared on BitcoinWorld .