EUR/USD is rising toward 1.11, trading at the highest since November 5. Hopes that a US-Sino trade deal may be reached are improving the market mood and weighing on the safe-haven dollar.
The GBP/USD pair dropped from the highest level since Monday at 1.2969 to 1.2912, slightly above Asian session lows. The reversal took place amid a stronger US dollar across the board.
Bitcoin plunges below $8,00, dragging cryptos down. Thursday's trading is marked by a sea of red, without a single downward driver, but with an accumulation of downbeat developments.
Data from Coin360 showed BTC/USD finally reentering the $7,000 range on Thursday, marking its lowest since the last week of October. $7,880 was met by an immediate bounce to $7,940.
Analysts from Elliptic monitored XRP transactions and identified several hundred accounts related to illegal activities. the Block reports.
After a series of semi-official reports, the Ethereum Foundation representatives published a full guide to the upcoming Istanbul hardfork, where they detailed the software requirements and the actions to be taken bu users.
Bitcoin Cash recently tested $230 during the slump that shuttered various tentative support areas including $280, $260 and $240. Ranging channel support ($270) was also broken. Following the drop, an effort has been made to ....
European data indicated that the Union’s economy remains at risk of recession
The EUR/USD pair is ending the week little changed at around 1.1040, recovering from a fresh 4-week low of 1.0988. Uncertainty around developments in the US-China trade deal has continued to lead the way, with the American dollar and the market’s sentiment, seesawing throughout the week.
GBP/USD has been gradually recovering from the downfall it suffered after the televised debate between the leaders of Britain's largest parties. How is cable positioned on the charts?
The Technical Confluences Indicator is showing that pound/dollar enjoys significant support at 1.2919, which is the convergence of the Fibonacci 61.8% one-day, the Simple Moving Average 100-15m, the SMA 5-4h, the SMA 5-4h, the SMA 10-4h, and the Bollinger Band 1h-Middle.
Further down, another considerable cushion awaits at 1.2871, which is the meeting point of the Fibonacci 38.2% one-week and the Pivot Point one-day Support 2.
Looking up, some resistance awaits at 1.2960, which is the confluence of the Fibonacci 161.8% one-day, the Bollinger Band one-day Upper, the PP one-week R1 and the PP 1d-R2.
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