AUD/USD extends the drop below 0.69 as RBA’s Lowe hints at June rate cut

The AUD/USD pair extends the drop below the 0.69 handle and looks to test multi-month lows of 0.6863 after the Reserve Bank of Australia (RBA) Governor Lowe said that the central bank will consider a rate cut at the June monetary policy meeting. 



USD/JPY steadily rising towards 110.30 amid improved risk tone

The USD/JPY pair refreshes the daily tops and heads back towards two-week tops of 110.32 amid an improvement in the risk sentiment, as reflected by the advance in the S&P 500 futures. Markets cheer the recent shift in the US outlook towards China’s Huawei.


WTI pops to test $ 63.50 as US-Iran tension please bulls

With the on-going geopolitical tension between the US and Iran continues to entertain energy buyers, WTI is taking the rounds near $63.40 during early Tuesday. Geopolitical tension between the US and Iran joins recent relief to China’s Huawei.

Oil News

Anti-EU populism rise not priced in the EUR, European election could hit Euro

The European Union is holding its Parliamentary election next Sunday May 26th and the impact of this political event seems to be underpriced by currency markets.

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Chris Svorcik Swat Course

ABN Amro won't launch crypto wallet service

The Netherland-based ABN Amro ditched its plans to launch a cryptocurrency storage solution due to the high level of the risks involved. In January, it was rumored that the bank ...

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The SEC postpones a decision on VanEck's ETF, who cares anyway?

The US Securities and Exchange Commission (the SEC) delayed the decision on the proposed launch of bitcoin-based ETF (exchange ...

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Ethereum Technical Analysis: ETH/USD consolidating around $254

ETH/USD went up from $252.25 to $253.50 in the early hours of Tuesday morning. The price is currently consolidating in a flag formation. On the upside ...

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Bitcoin Price Prediction: BTC/USD aim for $8,200 - Confluence Detector

BTC/USD bulls will be looking to overcome the $8,200 barrier in the short-term. Currently, they have taken the price up from $8,005 to $8,050 as the markets opened this Tuesday.

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EUR/USD analysis: correcting oversold conditions, still at risk of falling

GBP/USD analysis: Sterling still among the less attractive

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

RBA’s Lowe caps Aussie’s election rally

Valeria Bednarik

Trade tensions exacerbated concerns about a global economic slowdown

It was a rough week for the common currency, as persistent tensions between the US and China kept high-yielding currencies away from speculative interest's radar. The EUR/USD pair fell, trimming most of the last two-week gains and losing the 1.1200 figure, also undermined by softer-than-expected Chinese data, which revived concerns about the global economic slowdown, and, as the Union stands at the edge of the cliff, was among the most affected.

Yohay Elam

USD/JPY has surpassed the 110.00 level as the greenback's strength outweighed safe-haven flows. What levels should we watch out for?

The Technical Confluences Indicator shows that USD/JPY has massive support around 109.80 where a dense cluster of levels awaits it. That includes the Fibonacci 161.8% one-month, the Bollinger Band 4h-Middle, the Simple Moving Average 200-1h, the Fibonacci 38.2% one-week, the Fibonacci 61.8% one-day, the Pivot Point one-day Support 1 and more.

If it breaches this support region, the next significant support is at 109.09 where the Fibonacci 161.8% one-day and the PP 1m-S3 converge.

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