A decrease in revenues over the past year, shrinking profit margins, rising competition, and negative reactions to Elon Musk’s political meddling create significant headwinds. Will a breakdown ignite a profit-taking sell-off?
The euro edged higher Monday but stayed locked in its 1.16–1.18 range, with ECB and Fed policy decisions set to drive the next breakout.
Bitcoin gained on Monday but remains capped by the 50-day EMA and $110K, with buyers eyeing $117K–$120K if resistance breaks.
AUD/USD rose to 0.6600, with bulls eyeing a breakout above 0.6623 that could open the path to 0.6700 ahead of key US inflation data.
Bitcoin is holding its value and threatening to move higher, but so far is just continuing to maintain its consolidation above $111,332.
GBP/USD extended gains to 1.3550 as weak US jobs data boosted Fed cut odds, with traders eyeing 1.3700 resistance ahead of key US inflation releases.