Euro is trading up 0.3% at around 1.1730 against the US Dollar after the US President threatened global partners with new tariffs implementation and announced that the summit with the North Korean leader is canceled.
Sterling is trading up 0.5% at around 1.3410 against the US Dolla rafter the UK retail sales rose 1.6% m/m in April, more than double the expectation while the core retail sales 1.2% m/m in April.
The US Dollar is trading down 0.9% at around 109.10 against the Japanese Yen after the US President Donald Trump canceled the summit with North Korean leader Kim Jong Un and the risk-off sentiment gathered momentum.
The prices of gold rose above $1,300 per Ounce, trading up almost 12% at $1,305.60 after the US President Donald Trump cancelled the summit with the North Korean leader Kim Jong Un and the risk aversion rose on financial markets.
Bitcoin price analysis: BTC/USD welcomes the bullish momentum, gains over $200 in less than 30 minutes
The King of the cryptocurrencies, Bitcoin is correcting higher on Thursday afternoon GMT. The crypto has gained more than $200 in less than half an hour from trading at $7,330 to $7,520. The bulls have been battling to find an entry after the declines tested the short-term support level at $7,330.
Bitcoin Cash price analysis: BCH/USD plummets below $1,000; CFTC collaborates with the Justice Department in a new probe into cryptocurrency markets
Bitcoin Cash is declining within a descending channel, besides it is testing $950 after sliding under $1,000. The retracement levels have failed to hold the price, although the selloff is across the entire market.
EOS price analysis: EOS/USD potential pullback in motion; MacAfee believes top ten cryptocurrencies will lead the looming Bull Run
EOS has maintained trading below the descending trendline besides it has broken below the key support at $11.00 and is now testing another vital support area at $10.00.
The Litecoin price is seen up 2.5% through the mid-point of the trading session on Thursday, after starting the day soft. Across the board, cryptocurrencies have observed a decent bounce from their respective lows.
The US Justice Department opened a criminal probe of traders manipulating the price of Bitcoin and other digital currencies.
The risk is back on the markets with the US Dollar softer and the The UK retail sales rose double the expectations in April boosting Sterling and hopes for the upward revision of the first quarter UK GDP due this Friday.
The ECB meeting accounts are set to influence the mood on Euro.
Fed speakers and weekly jobless claims data headline the US market session with speeches likely confirming the stance worded in FOMC minutes last night that saw policymakers willing to raise rates gradually continuing with June rate hike.Read Full Report
Short-term bearish sentiment intensifies around the EUR/USD pair, but closer to a bottom
After the pause of the previous week, the dollar came back with a vengeance, reaching fresh yearly highs against the EUR, and multi-month ones against other rivals. The EUR/USD bottomed mid-week at 1.1763 with the greenback's rally fueled by soaring Treasury yields, which reached multi-year highs.
The EUR/USD is recovering from the lows as the US Dollar gives ground. Is this recovery real or just a dead cat bounce?
The Technical Confluences Indicator shows that a dense and potent cluster of resistance awaits at 1.1747. This is the convergence of the Simple Moving Average 50-1h, the SMA 200-15m, the Fibonacci 61.8% one-day, the one-month low, and the one week low.
Should the pair have enough momentum to break higher, 1.1820 is the confluence of the Pivot Point one-month Support 2, the SMA 10-1d, and the Bolinger Band one hour Upper (Stdv. 2.2).