The USD/JPY pair extends its bounce from eight-day lows of 108.25 in Friday's Asian trading, with the bulls regaining control above 108.50 after White House Economic Adviser Kudlow's comments bolstered US-China trade deal hopes.
With the latest trade positive comments from White House Adviser Kudlow, AUD/USD seems to have picked up a delayed bid, now testing the 0.68 handle. The spot extends its recovery from monthly lows of 0.6769.
After the meetings in October it was unclear if the new levies planned for December would be called off. And now, reports suggest that past duties may be removed. All in all, a positive development, isn't it?
WTI is looking to extend the overnight bounce above the 57 handle, as the bulls find some solace from the renewed US-China trade optimism after both trade teams agreed to meet over trade talks later on Friday.
BTC/USD is on course for charting three bearish days in a row. The sellers dropped the price of BTC/USD from $8,764.45 to $8,631.70 this Thursday. So far this Friday, BTC/USD has fallen further to $8,601.15.
Sunny King, the creator of the consensus protocol Proof of Stake (PoS), has stated in a recent interview that Bitcoin has a vital role as a reference value in the crypto-verse, but that the highest growth potential is in the Altcoin segment.
ETH/USD is trading at $185.27 at the time of writing, having recovered from the intraday low of $184.11. The second-largest digital asset with the current market value of $18.8 billion has lost 1.34% of its value since the beginning of Thursday and stayed mostly unchanged on a day-to-day basis.
Ripple’s XRP extended thee sell-off to $0.2633 on Thursday. The coin is moving in sync with the market, controlled by bearish sentiments. A sustainable move below $0.2700 support bodes ill for XRP's short-term forecast, making it vulnerable to further losses.
Growth and inflation data for the EU and Germany expected to disappoint
The EUR/USD pair has resumed its decline after failing to surpass the 1.1180 price zone for a fourth consecutive week, ending this one at its lowest in almost a month. Financial markets spent these days following headlines related to the US-China trade relationship and chances of an upcoming deal.
GBP/USD has been losing some ground as the US dollar advanced, and its path to the upside may now be blocked.
The Technical Confluences Indicator is showing that the pound faces fierce resistance at the area between 1.2835 to 1.2848, which is a dense cluster of levels including the Bollinger Band one-hour Middle, the Simple Moving Average 100-15m, the SMA 200-15m, the SMA 50-1h, the SMA 10-4h, the Fibonacci 38.2% one-day, the Fibonacci 38.2% one-week, the Fibonacci 61.8% one-day, the BB 4h-Middle, the SMA 5-one-day, and more.
Higher, the next cap is close. At 1.2881, Cable may meet the Fibonacci 61.8% one-week and the Bollinger Band one-day Middle.
Looking down, support awaits at 1.2722, which is the confluence of the Pivot Point one-week Support 1 and the Fibonacci 38.2% one-month.
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