The corrective rally in AUD/USD from 0.7347 (one-year lows) seems to have run out of steam at 0.7395 in Asia. As of writing, the spot is...
The greenback is the daily winner, up against European and commodity-linked rivals, after the US announces new tariffs. EUR/USD settles below 1.1600 as Draghi reiterates the ECB'S cautious stance.
The Pound suffered not only due to its high-yielding condition in a risk-averse environment, but also from the lack of progress in Brexit negotiations.
Bitcoin price analysis: BTC/USD recovers from early losses, the reaction to Bithumb hack may be delayed, but not cancelled
While Bitcoin managed to recover from the intraday low of $6,557, but it is still vulnerable to further losses. Traditionally, the largest market movements happen during European and American hours, so, early losses may be just the beginning of a new bearish wave.
New findings from the latest research by a finance expert may well weigh on the price of bitcoin for some time. The study titled 'Is Bitcoin Really Un-Tethered?' was conducted by a University of Texas finance professor together with a graduate student.
NEO Price Prediction: NEO/USD bearish pennant breakout to free fall south appears to be looming, after another big rejection
The NEO price was trading with modest losses on Tuesday, after the short-lived bull-run ran out of steam, being knocked back down with some weight, from the highs of the session at $41.50, a troublesome area.
EOS Price Analysis: EOS/USD has formed a bull flag, a potential extended breakout to the upside looks imminent
The EOS price was nursing losses in the latter stages of the session on Tuesday, after running into some selling at the highs, $10.90, where a touted supply zone tracks. Despite the negative trading seen, recent price behaviour suggests a breakout is pending, post the jump on Monday.
US White House reports that Deputy Chief of Staff, Joe Hagin resigned.
Stats New Zealand reported a seasonally adjusted current account deficit for the March 2018 quarter at $3 billion- the highest level since the 2008 global financial crisis.
Some Bank of Japan(BOJ) board members feel it is appropriate to ditch the timeframe for achieving the inflation target because investors are linking the timeframe to changes in the monetary policy.
Wednesday sees a trio of speeches from three central bank leaders, the European Central Bank (ECB), the US Federal Reserve, and the Reserve Bank of Australia (RBA), all scheduled at 13:30 GMT.
Looking to the data, the market expects the Q1 current account deficit to narrow to $128.2bn while existing home sales for May are expected to rise 1.1% to an annualized 5.52m units.Read Full Report
A hawkish Fed and a dovish ECB made the EUR/USD pair collapse toward weekly lows
What a week! Things moved in slow motion until Thursday across the FX board, but intense headlines kept coming pretty much since the week started. The dollar refused to surge despite encouraging local data, as speculative interest wanted to asses all the first-tier events before making up their minds one way or the other.
Another defeat for the UK government in the House of Lords and the reports that the US wants to impose new tariffs on $200 billion worth of Chinese goods weighs on Sterling. Where can it fall to?
The Technical Confluences Indicator shows that the area of 1.3200-13210 is an area of struggle for GBP/USD as it is the convergence of the one-month low, the one-hour low, the Pivot Point one-day Support 2, and other lines.
Should the pair lose this level, support lines are few and far between. Substantial support is only at 1.3078 which is the confluence of the Pivot Point one-week Support 2 and the potent Pivot Point one-month Support 1.
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