EUR/USD struggling around 1.13 as stocks fall

EUR/USD is trading around 1.13, off the highs as concerns about coronavirus and the court decision to hand Trump's financial to a grand jury trigger political uncertainty. US jobless claims beat expectations.



GBP/USD pressured toward 1.26 as the market mood worsens

GBP/USD is trading around 1.26, off the highs. The risk-off mood has pushed the dollar higher and is weighing on GBP/USD. UK fiscal stimulus and Brexit are also in play.


Gold: $1800 is being used as the intraday support for XAU/USD

Gold has retraced on Thursday during the US session after the recent impressive rally. At the moment the market is grappling with the USD 1800 per troy ounce psychological level. 

Gold News

Altcoin season confirmed

Second-line Altcoins take turns offering explosive price hikes. Bitcoin is giving up ground in the struggle for dominance, but it is not Ethereum that collects the profits. Ripple manages to enter the safe zone and bets on the upward continuity.

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Dhwani Mehta

Having reached the highest level since September 2011 at $1818.17 on Wednesday, gold has entered a phase of bullish consolidation before witnessing a fresh leg higher. Technically, the path of least resistance is to the upside on a decisive break above the critical $1820 level.

According to the Technical Confluences Indicator, the yellow metal is flirting with the resistance at $1810.50, where the Bollinger Band one-day Upper, previous high 4H and SMA50 15-minutes.

The next resistance is a crucial one for the bulls at $1820, a break above which could trigger an extensive rally towards $1850.

Alternatively, any corrective downside could find a temporary cushion at $1808, the convergence of the previous low one-hour, Fibonacci 38.2% one-day and Bollinger Band one-hour Middle.

Meanwhile, strong support at $1806.60, the intersection of the previous low four-hour and pivot point one-week R2, is the level to beat for the bears in the intraday trading.

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Cryptocurrency News Update: Bitcoin pushes above $9,400, altcoins calm down

BTC/USD has barely changed since the start of the day and gained nearly 1.2% on a day-to-day basis. The first digital asset is changing hands at $9,400 after a move to $9,445 during early Asian hours. 

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XLM/USD goes wild, stops short of $0.1000

Stellar (XLM), the 13th largest digital asset, has gone wild on Thursday. The coin hit $0.0990, which is the highest level since September 2019, and dropped to $0.0920 by the time of writing.

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BCH/USD bulls save strength before a move to $250.00

Bitcoin Cash (BCH) topped at $246.04 on Wednesday and retreated to $243.00 by the time ow writing. Despite some wild price gyrations, BCH has stayed mostly unchanged both on a day-to-day basis and since the beginning of Thursday.

More Bitcoin Cash News

XMR/USD surges over 3% on a daily basis

The crypto market is back in the red after a fruitful trading session on Wednesday. The larger cryptocurrencies are leading with retreat, especially for Bitcoin and Ripple.

More Monero News



EUR/USD Forecast: Falls back below 1.1300 as sentiment takes a U-turn

GBP/USD Forecast: Holds onto daily gains above 1.2600

USD/JPY Forecast: Still searching for direction

AUD/USD Forecast: Lacks momentum to take 0.7000 resistance


EUR/USD Weekly Forecast: The song remains the same

After the financial markets went into chaos in March, and desperately look to stabilize in April, investors began to recover their optimism throughout May and June, hoping for a soon-to-come economic comeback.

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GBP/USD Weekly Forecast: Seeing dead cat bounces everywhere, time for another fall

Super Saturday – Brits can go to the pub for the first time since March and may also celebrate the pound's minor recovery. While markets cheered the Non-Farm Payrolls, America's coronavirus situation and Brexit talks will likely continue weighing on cable and could turn into another "dead cat bounce." 

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USD/JPY Weekly Forecast: Covid sets the pace

The risk-aversion trade to the US dollar takes its signals from the advancing number of virus case in several large American states and the potential for ever stricter economic constraints.

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AUD/USD Weekly Forecast: Market´s anxiety having no effects on Aussie

The AUD/USD pair is up for a second consecutive week, and it has recovered the 0.6900 threshold, although it couldn’t run beyond it. In the previous two weeks, the pair met sellers in the 0.6970 price zone.

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Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

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Gold Weekly Forecast: What happened the last time gold broke out of its highs after such a long pullback

Despite some positive data this week there still seems to be lots of reasons for investors/traders to look for some safety. The COVID-19 pandemic is showing no signs of slowing down in the US as a record number of cases is being printed almost every day. 

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