GBP/USD: Pound stabilizes on low ground after Raab's resignation

GBP/USD is trading above 1.2800, up from the low of 1.2750 but down over 1%. Brexit Minister Raab resigned from his post, a significant blow to PM May in her efforts to muster support for the Brexit deal and survive in her job.



EUR/USD back above 1.1300 as Pound's bleeding stalled

The common currency has little of its own these days, swinging alongside Pound on Brexit woes. US Retail Sales could bring some noise, but no substantial effect in price expected.


Prime Minister May and Brexit’s one-sided approval

The approval of the Brexit treaty to secure Britain’s exit from the European Union has always been a one-party affair. 

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Top 3 Price Forecast - Bitcoin, Ethereum, Ripple: The Bitcoin totem staggers and could hit $4,420

The BTC/USD blows up its foundations and shows extreme weakness. The ETH/USD is in a weak zone and could move towards $100. The XRP/USD comes out almost unscathed and retains its rocket ticket to the moon.

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Bitcoin price analysis: Calm after a devastating storm

The last 24 hours have been nothing by sorrow for the cryptocurrency investors. After about two months of stability, the market suffered one of the worst selloffs this year. CoinMarketCap shows that $26 billion has been erased from the market in less than 24 hours. Bitcoin was the worst hit. Not only did it break below $6,000, it explored lows towards $5,300 forming new yearly lows. 

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Ripple (XRP) dethrones Ethereum (ETH): RippleNet signs ASEAN bank, CIMB Group

The battle between Ripple and Ethereum for the second position in the market is in its full swing. Ethereum has been losing its position in the market, while Ripple continues to gain traction. The massacre in the market, likely to have been fueled by Bitcoin Cash hard fork scheduled to take place later today.

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Ethereum dethroned from the second place, headed towards 2018 low

Ethereum is changing hands at $176.90, down 14.4% in recent 24 hours. The coin now takes the third place in the rating of global cryptocurrencies with market value $18.2; however, the battle for the second place with Ripple's XRP is still in full swing, which means that the situation may change any time.

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Bitcoin Cash hard fork D-day: BCH/USD rebounds

The civil war in the Bitcoin Cash community is expected to reach a conclusion on Thursday 15. The community split into two different camps supporting diverging changes in the network’s upgrade. This warranted a hard fork that will see a couple of implementations; Bitcoin ABC and Bitcoin SV.

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EURUSD Analysis: Trades at 1.1320

Mostly Neutral Signals for GBPUSD [Video]

USDCAD Analysis: Breaches 100-hour SMA

US-China talks boost Asian shares

Yohay Elam

The EUR/USD attempted a recovery but found itself on the back foot once again

The EUR/USD hit a new high of 1.1500 but was unable to hold onto it. The failure resulted in a gradual drop to the bottom of the range. The US Mid-Term elections yielded a divided government: Democrats won the House and Republicans retained the Senate, a result that had been forecast by the polls.

Yohay Elam

EUR/USD managed to recover and recapture 1.1300 as the market mood temporarily improved. What's next? The next moves to the upside may be harder.

The Technical Confluences Indicator shows that EUR/USD faces a dense cluster of resistance lines at 1.1365. This includes the Pivot Point one-day Resistance 1, the Fibonacci 23.6% one-week, the Bollinger Band one-hour Upper, the Simple Moving Average 200-1h, and the SMA 50-4h.

The next hurdle is more potent. At 1.1385 we see the convergence of the BB one-day Middle, the Fibonacci 38.2% one-week, and the Fibonacci 23.6% one-month.

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