GBP/USD rallies past 1.2860 on Macron words

The market is firmly believing that a Brexit deal is at the tip of the fingers, pushing Pound to fresh five-month highs above 1.2860. French President Macron said that a Brexit agreement is being finalized, the latest bullish catalyst for the pair.



EUR/USD at fresh 4-week highs on dismal US data, risk-on

Positive news related to Brexit and the US-China trade war coupled with poor US Retail Sales, weighing on the dollar. EUR/USD extends gains above 1.1060 for the first time in over a month.


Bitcoin bulls surrender $8,000, more pain ahead

The cryptocurrency market is in the tailspin. Bitcoin's collapse below critical $8,000 triggered a host os sell-orders and affected the momentum of all major altcoins as well.

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WTI clings to modest gains above $53 ahead of API data

Crude oil prices came under pressure on Tuesday after the International Monetary Fund (IMF) announced that it lowered the 2019 global growth forecast to 3% from 3.2% in July to revive concerns over a dismal energy demand outlook

Oil News

Jose Blasco Course

The cryptocurrency market resumes the decline, Bitcoin (BTC) dangerously close to $8,000

Bitcoin and major altcoins resumed the decline after a short period of range-bound trading on Wednesday. The total market capitalization retreated to $220 billion, according to CoinMarketCap data. An average daily trading volume stabilized at $52 billion, while Bitcoin’s market settled at 66.3%. 

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EOS developer makes blockchain governance proposal

EOS has recovered from the intraday low of $2.81 to trade at $2.97 at the time of writing. Despite the recovery, the coin is still 5% lower from this time on Tuesday.

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TRON price analysis: TRX/USD claws back ground after a sharp-sell-off

At the time of writing, TRX/USD is changing hands at $0.0156. The coin has lost over 5% in seven 24 days, and the downside momentum is still strong. 

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Ethereum market update: ETH/USD drops below DMA50 amid growing bearish sentiments

ETH created the recent top at $197.80  on October 11 and has been sliding down ever since. The second-largest digital asset retreated below $180.00 during early Asian hours amid the sell-off on the cryptocurrency market.

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EUR/USD rallies on Brexit optimism and US retail sales shocker

Brexit talks fail to reach breakthrough amid day of volatility

USD/JPY Analysis: might go upwards

AUD/USD Analysis: two scenarios likely

Valeria Bednarik

US-China trade talks and Brexit fueled risk-on sentiment

Risk-on has taken over the financial sphere these last couple of days, on encouraging news coming from the two big turmoil fronts, Brexit and the trade war between the US and China. The EUR/USD pair has advanced for a second consecutive week, recovering the 1.1000 threshold and rallying to 1.1062, on hopes both ships will reach good port.

Yohay Elam

GBP/USD has surged to 1.28 amid reports that the EU and the UK reached a draft deal. What are the next levels to watch?

The Technical Confluences Indicator is showing that the next upside target for GBP/USD is 1.2841, which is the convergence of the Pivot Point one-week Resistance 1 and the Bollinger Band one-hour Upper.

Further up, Cable may hit 1.2902, which is where the Pivot Point one-month Resistance 2 meets the price.

Support awaits at 1.2729, which is the confluence of the Simple Moving Average 5-4h, the BB 1h-Middle, and the Fibonacci 38.2% one-day.

The next cushion is close – 1.2702 is the meeting point of the previous weekly high, the SMA 100-15m, and the SMA 200-one-day.

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