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BTC/USD: Looking for Momentum
We've gone back and forth during the session on Wednesday as the Bitcoin market doesn't really know where it wants to go yet, but it is in a range, if you will, as we continue to hang around the $105,000 level. The $105,000 level, of course, being halfway between the psychologically crucial $100,000 level, and the psychologically crucial $110,000 level, area that had been a double top previously. I'd also point out that the 50-day EMA currently sits just above the $100,000 level, so I think that makes it even more interesting. When you look at Bitcoin, over the course of about six weeks, we gained about 40%, and ... (full story)
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From ecb.europa.eu|Jun 5, 2025|6 commentsThe Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission. Inflation is currently at around the Governing Council’s 2% medium-term target. In the baseline of the new Eurosystem staff projections, headline inflation is set to average 2.0% in 2025, 1.6% in 2026 and 2.0% in 2027. The downward revisions compared with the March projections, by 0.3 percentage points for both 2025 and 2026, mainly reflect lower assumptions for energy prices and a stronger euro. Staff expect inflation excluding energy and food to average 2.4% in 2025 and 1.9% in 2026 and 2027, broadly unchanged since March. ECB INTEREST RATE DECISION (JUN) ACTUAL: 2.15% VS 2.40% PREVIOUS ; EST 2.15% EUROZONE DEPOSIT FACILITY RATE (JUN) ACTUAL: 2.00% VS 2.25% PREVIOUS; EST 2.00% ECB MARGINAL LENDING FACILITY ACTUAL: 2.40% VS 2.65% PREVIOUS ECB SAYS STAFF SEE REAL GDP GROWTH AVERAGING 0.9% IN 2025, 1.1% IN 2026 AND 1.3% IN 2027 ECB SAYS WHILE UNCERTAINTY SURROUNDING TRADE POLICIES IS EXPECTED TO WEIGH ON BUSINESS INVESTMENT AND EXPORTS, ESPECIALLY IN SHORT TERM, RISING GOVERNMENT INVESTMENT IN DEFENCE AND…
ECB cuts rates for eighth time amid trade war risk The European Central Bank cut interest rates for the eighth time in a year on Thursday, acknowledging inflation was under control and turning more pessimistic about the euro zone's economic prospects amid risks of a trade war with the United States. Thursday's cut lowers the rate that the ECB pays on bank deposits from 2.25% to 2.0%, the middle of the range that the central bank sees as "neutral" - neither curbing nor boosting the economy. The ECB kept all options open for its subsequent meetings, although some policymakers and many investors expect a pause in rate cuts at its next meeting in July. "Especially in current conditions of exceptional uncertainty, (the ECB) will follow a data-dependent and meeting-by-meeting approach," it said.
