AUD/USD on the bids near 0.6990 as US-China trade watchers turn optimistic ahead of G20

Not only positive comments from the US Treasury Secretary Mnuchin but the absence of the US criticism from Chinese media and sustained doubts over the Fed’s ideology by the US President favor the pair to remain strong around 0.6990 during the early Asian session on Thursday.

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Following the sharp upsurge witnessed during the European trading hours, the USD/JPY pair has gone into a consolidation phase and is now moving in a relatively tight range in the upper half of its daily trading range.

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WTI holds above the 200-D EMA, eyes to $60 handle

Oil prices rallied on Wednesday and Pending events, such as the G20 and OPEC, were put o the backburners momentarily.

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BTC/USD has taken only 14 days to move from $8,000 to $13,000 and no one escapes the fact that historical highs will be surpassed much sooner than anyone could have expected.

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Cryptocurrency market update: Bitcoin Races to new 2019 highs past $12; Ethereum and Ripple unbothered

Bitcoin raced to new 2019 highs bared three days since it broke the barrier at $10,000. While most of the major cryptocurrencies are in the green, some of the top twenty digital assets are still in the red, some of them include NEO, Litecoin, Dash and Monero which are down 0.38%, 1.42%,0.74% and 5.8% in that order.

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Ethereum market update: ETH/USD breaks away from Bitcoin pushing new 2019 highs

The largest altcoin by market capitalization Ethereum has been accused of its connection to Bitcoin price action in the recent past. However, this might not be the case at the time of writing as ETH is seen extending the gains to a new 2019 high at the time when Bitcoin surge has stalled under $12,700 after retracing from its new 2019 high at $12,946.

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EUR/USD analysis: consolidates recent gains, holds above 200-day SMA

GBP/USD analysis: sideways on consolidation mode below 1.2700

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The US Federal Reserve paved the way for a rate cut, the dollar plunged

The EUR/USD pair has recovered the 1.1300 level at the end of the week, remaining below the previous two weekly highs in the 1.1340 price zone. The dollar's weakness was directly connected to the US Federal Reserve, as the central bank paved the way for a rate cut. What kept the EUR/USD pair within familiar levels is the fact that the ECB is also planning more stimulus for the next months.




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GBP/USD has been dropping after Boris Johnson committed to leaving the EU by October 31st, "do or die." What do the charts say about the next moves?

Further support awaits at 1.2602 where we note the confluence of the Pivot Point one-day Support 2 and the Fibonacci 61.8% one-week.

The next cushion is at 1.2564 where the previous monthly low meets the BB 1d-Lower.

Resistance awaits at 1.2707 where we see a dense cluster of lines including the SMA 5-4h, the SMA 200-4h, the SMA 5-1d, and the Fibonacci 23.6% one-month.

The next cap is 1.2800 which is where the Fibonacci 38.2% one-month, the BB 1d-Upper and the previous daily high.

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