The Euro holds on to daily gains against the US Dollar near fresh weekly highs after the Eurozone creditors agreed on debt restructuring with Greece while the Eurozone composite PMI rose to 54.8 in June, up from 54.1 in May beating the market forecast.
The GBP/USD pair peaked earlier today at 1.3314, the highest level since June 14. Then it lost strength and pulled back. Recently dropped to 1.3248 but quickly rebounded to the 1.3260/70 area, where it was trading.
The USD/JPY pair stalled its up-move at the very important 200-day SMA and has now retreated few pips from session tops, touched earlier today.
The US Dollar rose about 100 pips to trade up 0.2% at around 1.3340 after the Bank of Canada core inflation index decelerated more than expected...
India and Ireland spooked crypto market, sending coins into tailspin, Bitcoin shed 5% in a matter of hours
Cryptocurrency market is an unpredictable beast. South Korean Bithumb, the sixth largest exchange in the world, gets hacked and traders just yawn in response, Indian Zebpay announces that banks are about to cut them off from banking services, and everyone starts selling cryptos like crazy.
Crypto prices tumble as Japan’s regulator orders 6 exchanges to improve anti-money laundering measures
The cryptocurrency market has proved its volatility yet again today as the price tumble uncontrollably on news from Japan. The regulator in the country, the Financial Services Agency (FSA) has ordered six exchanges to improve their businesses.
Tron price analysis: TRX/USD garners support above $0.040; Justin Sun announces burning of 1 billion TRX coins to celebrate Independence Day
Tron network commenced its token migration yesterday. The token switch is supported by various exchanges including the largest exchange, Binance. The users are expected to send Ethereum-based TRX tokens to the exchanges.
EOS price is at the forefront of declines as the market prepares for the weekend sessions. EOS is the biggest loser among the top 10 virtual currencies on Friday sliding over 10% on the day. EOS/USD has even broken below the falling wedge pattern as observed on the chart.
OPEC meeting is set to decide on the oil production quotas with leaders from Russia and Saudi Arabia wanting to pump up more oil to meet the demand, while Iran disagrees.
Media ping-pong between China and the US continues regarding the US-led trade war.
UK Government said it does not expect no-deal Brexit.
The Eurozone agreed on the final elements of a plan to get Greece out of its eight-year bailout program and make its massive debt more manageable.
The Eurozone final PMI rose in June mainly due to improved performance in services.
Canada’s core inflation and retail sales data headline the North American session.Read Full Report
EUR/USD could advance next week, but
sentiment still skewed to the downside
The common currency managed to recover some ground and close the week in positive territory against its American rival, ending the week above the 1.1600 figure after extending its yearly decline by a couple of pips, to 1.1507.
The EUR/USD made a sharp turnaround and trades at higher ground. What are the next levels to watch?.
The Technical Confluences Indicator shows that the pair faces a clear congestion of resistance levels at 1.1666. This is the convergence of the Simple Moving Average 50-4h, the SMA 200-1h, the Fibonacci 38.2% one-week, the Pivot Point one-day Resistance 3, and the Bolinger Band one-day Middle.
Further above, a confluence of potent caps awaits at 1.1738 where the Fibonacci 61.8% one-week, the Fibonacci 38.2% one-month, and the Simple Moving Average 200-4h await.
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