GBP/USD has dropped to around 1.2450 as UK headline CPI missed with 1.7% in August. Brexit negotiations remain stuck according to Chief EU negotiator Barnier. The Fed decision is eyed.
EUR/USD is trading above 1.1050, in a narrow range ahead of the all-important Fed decision. Chair Powell is set to cut rates but signal no further stimulus is on the cards.
Tension is mounting ahead of the Federal Reserve decision later today. Economists expect a 25 basis point rate cut amid slowing global growth and investment.
The already complicated economic and bureaucratic circumstances for Wednesday’s Federal Reserve decision were further disturbed when Saudi oil facilities were attacked over...
Top 3 price prediction Bitcoin, Ripple, Ethereum: Cryptos seeing multiple launches into the universe
The BTC/USD pair is currently trading at the $10.187 price level, the same price level as in recent weeks. The most serious difficulty for Bitcoin is the low volatility, after many days in the same price range, strength and speed indicators are at minimum levels. It will not be easy to start again.
Litecoin like other major altcoins has been performing relatively well since the beginning of the week. The bullish action continued on Wednesday with Litecoin rising to an intraday high of $76.2644.
NEO is performing strongly on Wednesday. The 20th largest digital asset with the current market value of $69 million gained over 7% both on a day-on-day basis and moved nearly 3% higher since the beginning of the day. At the time of writing, NEO/USD is changing hands at $9.80, off the intraday high of $9.87.
TRON (TRX) is one of the best performing coins on Wednesday. TRX/USD has gained over 10% of its value to trade at $0.0178 by press time. While the coin has retreated from the intraday high ($0.0178), the upside momentum is still strong as TRX is moving in sync with the rest of the market.
The European Central Bank announced a stimulus package to boost growth and inflation
The EUR/USD pair is closing a second consecutive week with gains at around 1.1070, retreating from a high at 1.1109. A scarce macroeconomic calendar kept the pair in a dull range during the first half of the week, also the wait and see stance ahead of the ECB monetary policy decision on Thursday. One done, one to go, as the US Federal Reserve will be announcing its decision on monetary policy next Wednesday, September 18.
EUR/USD is trading above 1.10 as markets gear up for the all-important decision by the Federal Reserve. The world's most popular currency pair is locked in a tight range but may explode when the central bank decides.
The Technical Confluences Indicator is showing that EUR/USD is capped at around 1.1075, where a dense cluster of lines awaits it. That includes the Bollinger Band 15min-Upper, the Fibonacci 38.2% one-month, the previous daily high, the Simple Moving Average 50-15m, the SMA 10-1h, the Fibonacci 23.6% one-month, the SMA 10-1h, and more.
Further above, it faces only weak resistance. The initial target could be 1.1151, which is the convergence of the Fibonacci 61.8% one-month, the Pivot Point one-week Resistance 1, and the BB 1d-Upper.
Looking down, significant support awaits at 1.1048, where a juncture of levels awaits it: the SMA 50-4h, the SMA 10-1d, the Fibonacci 38.2% one-day, the SMA 5-1d, the SMA 100-15m, the SMA 100-1h, and the Fibonacci 38.2% one-week.