Forex Today: Risk-on in play amid trade progress, a quiet session ahead

Markets cheered the renewed optimism induced by the US-China trade progress, boosting the appetite for the risk assets across the financial markets in Asia. Across the fx space, broad-based US dollar weakness remained the underlying theme.

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Forex Today: Risk-on in play amid trade progress, a quiet session ahead

Markets cheered the renewed optimism induced by the US-China trade progress, boosting the appetite for the risk assets across the financial markets in Asia. Across the fx space, broad-based US dollar weakness remained the underlying theme.

EUR/USD: Euro trades above 1.1300 in attempt for bullish breakout

Euro is trading little changed on the upside at above 1.1300 after a swift recovery from 1.1230s late last Friday marking the third day of rises against the US Dollar in an attempt to reverse the bearish trend. The US and Canada's markets are closed for holidays with lower liquidity ahead. 

EUR/USD News

Gold Price Forecast: 100-month MA hurdle could be tested if DXY sees bear reversal below 96.83

Gold is currently trading at $1,323 and could rise toward the crucial 100-month moving average (MA), currently at $1,354 if the dollar index confirms a bear reversal with a close below 96.83 tomorrow. 

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Equities and the dollar shrug off industrial production, retail sales, eyes on China and the US consumer

American equity indexes added to their totals for the eighth straight week as traders focused on the potential economic benefits from a US-China trade deal and returning consumer optimism while ignoring declines in industrial production and retail sales. 

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BTCUSD Analysis: Bitcoin still trading in a bearish consolidation [Video]

Any upside moves are classified as corrective ahead of what could be the next downside extension and bearish continuation. It would take a break back above 4,380 at a minimum to take the immediate pressure off the downside. Next critical support comes in the form of the July and September 2017 lows, around 2,000 ...

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IOST Price Prediction 2019 / 2020 / 5 years

Update (Feb 17, 2019): The IOST (IOST) platform is one of the top 100 cryptocurrencies on the market today. It has attracted positive reviews from expert analysts based on its technology offerings. The platform has continued to innovate and is expected to progress from testing into a mainnet launch in Q2 of this year. 

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Ripple chart on February 18: XRP/USD recovery rejected on approach to $0.3200

XRP/USD hit $0.3184 during early Asian hours on Monday before retracing to $0.3100 by the time of writing. The third largest coin with the current market value of $12.8B has gained over 3% in recent 24 hours and 1.8% since the beginning of Monday. 

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Bitcoin Forecast 2019: A critical year for cryptos

This year 2019 is going to be an essential one for Bitcoin without no doubt. After more than ten months of continuous falls, the next twelve months will be decisive for the long-term future of Bitcoin.

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Market themes of the Day: Low FX market liquidity on President’s Day

Market themes of the Day: Low FX market liquidity on President’s Day

Intra-Day News and Views & data to be released today- USD/JPY

Markets in long-weekend slumber

Valeria Bednarik

Softer-than-expected US data prevented the EUR/USD from collapsing

The EUR/USD pair broke lower and reached a fresh 2019 low of 1.1233 this Friday, down for a second consecutive week. The greenback was the strongest despite hesitating twice throughout the week.



Yohay Elam

USD/JPY dropped amid a worsening global mood: there are more signs of a slowdown and trade talks between the US and China are not going anywhere fast. The yen is in high demand, but dollar/yen may be limited in its falls.

The Technical Confluences Indicator shows that USD/JPY has some support at 110.25 where we see the convergence of the Bollinger Band 4h-Lower, the Simple Moving Average 200-1h, the SMA 50-4h, and the SMA 50-1d.

The most significant cushion awaits at around 110.06 where we see the Pivot Point one-day Support 2, the Fibonacci 23.6% one-week, and last month's high, a potent mix.

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