The Japanese yen was the strongest currency against the greenback these last days, with the USD/JPY pair falling to 108.96, to finally settle at 109.37.
The GBP/USD pair closed the week at a fresh 2018 low of 1.3295, hit on Friday by the second estimate of UK GDP for the first quarter of the year...
EUR/USD has started out in early Asia with a bullish gap of 35 pips in thin illiquid trade. However, the weekend came with plenty...
Top 3 price predictions for Bitcoin, Ethereum & Ripple: dangerous game being played with key technical levels
Bitcoin left its session low at the $7275.5 mark after a bullish run that gave validation to the base of the bearish channel that is currently acting as a price resistance. BTC/USD recovered in the action the $7400 support and such level is where it is trading at the time of writing this article.
Tron price analysis: TRX/USD gets ready for a massive comeback, partners with vSport while Apple Stock App Adds Tron (TRX) Pricing
Tron is intent on closing the week’s trading above $0.07 despite the bear pressure in the market. Although TXR/USD broke out of the contracting triangle pattern, the bulls are battling to re-enter the narrow end of the triangle.
Ripple price analysis: XRP/USD upside losing steam, but supported above $0.60, Uphold adds full support for XRP Ledger
Ripple is trading below the descending trend line, but the indicators are showing signals of slow but consisted upside movement. XRP/USD is, however, down 2.27% on Friday but it is immediately supported at $0.60.
EOS price analysis: EOS/USD haunted again by previous supporting trend line, now a big barrier, eyes on $8 region
The EOS price has been hammered on Friday, down over 6% in the session, after once again being rejected by a trend line that had been supporting the price, until the bears broke this on 22nd May.
German Ifo business confidence indicator rose slightly after falling off multi-year highs for five consecutive months.
The UK first quarter GDP revision remained unchanged with growth 0.1% Q/Q and 1.2% y/y.
The Sveriges Riksbank celebrates 350th anniversary with high-fliers including Fed’s chairman Powell, Bank of England Governor Carney and the ECB’s Coeuré talking about the past, present, and future of monetary policy.
The Federal Reserve Bank of Dallas is hosting regional Fed presidents for discussion about technology in business in Dallas, Texas.Read Full Report
EUR/USD bearish trend to continue at least for one more week. 1.1400 becoming a likely target in a 1-month view
The EUR/USD pair is down for a sixth consecutive week, and as it has been happening lately, is not about the dollar, but about the common currency. Indeed, the greenback has lost part of its attractive, following re-escalating tensions between the US and China and North Korea, not to mention Treasury yields that retreated sharply from multi-year highs, with the 10-year note benchmark comfortable below 3.0%.
The EUR/USD is on the back foot on Friday after recovering on Thursday. Will it try to recover again? It may have a hard time.
The Technical Confluences Indicator shows that the pair will find it hard to recapture the 1.1695 level. This is the convergence of the Pivot Point one-week S1, the 1h-Lowe, the 4h-High, the Pivot Point one-day S1, and the Bollinger Band 15m-Lower Stdv. 2.2.
A move above this level will not have too much room to run as the next dense congestion of resistance lines awaits at 1.1720 which is the meeting point of the Fibonacci 61.8%, the Simple Moving Average 200-15m, the Simple Moving Average 5-4h, the Bolinger Band 15-Upper, and the BB 1h-Middle.