Central banks and politics could cause turmoil, but no longer can spur growth. Growth is far worse than what the numbers show, recession at risk of materializing.
AUD/USD is on a steady decline so far this Asian session on Friday, now struggling around the 0.71 handle, having hit fresh session lows at 0.7095 some minutes ago.
The USD/JPY recovery from the post-FOMC sell-off fizzled near 110.90 region, as S&P 500 futures turn negative amid souring risk sentiment while ongoing weakness in Treasury yields also added to the renewed weakness in the spot.
WTI's technical outlook remains bullish while the price keeps above the double-top highs and above the 57.93 horizontal prior resistance line going back to mid-Nov 2018.
The UK has inflation steady just below 2.0%, solid wages' growth, upbeat retail sales, and a not-that-dovish BoE, yet at the end of the day, nothing really matters.
SPECIAL YEARLY FORECAST
The United States economy broke out of its decade-long slough in 2018 with its strongest growth since the financial crisis and recession.
Bitcoin (BTC) slipped below $4,000 once again, enable to develop bullish momentum. The first digital coin is changing hands at $3,980, down 1.2% since this time on Thursday. Low trading activity after a collapse below the critical $4,000 handle during early Asian hours implies rangebound trading.
IOT/USD bears took control of the market following this Thursday's bullish breakout. The breakout happened as a result of IOTA's partnership with Zeux. Zeux is an FCA authorized payments and banking services app which will launch in Europe ...
XRP/USD has been trending sideways without any intriguing crests and troughs since the beginning of March. Despite ripple making great strides towards mainstream adoption, it doesn’t ...
This year 2019 is going to be an essential one for Bitcoin without no doubt. After more than ten months of continuous falls, the next twelve months will be decisive for the long-term future of Bitcoin.
EUR gained as a result of Pound upsurge, still lacking self-strength
It was a tough week for the greenback, which remained out of the market's favor after the mixed employment report released in the previous week, and weaker-than-expected US data released throughout the week. American CPI increased by 1.5% YoY in February, while the core reading printed 2.1%, below the previous estimate of 2.2%, slightly below the market's expectations.
GBP/USD was unable to take full advantage of the Fed's dovish decision as Brexit remains in the air. Eight days to the official exit date and UK PM May blamed MPs for the mayhem as she asked for a short extension. However, the technical picture remains favorable to the bulls.
The Technical Confluences Indicator shows that cable enjoys a considerable cushion at 1.3217 where we see the convergence of the Simple Moving Average 100-15m, the SMA 10-1h, the Fibonacci 23.6% one-month, the Bollinger Band 15min-Middle, the previous 4h-low, the BB 15min-Lower, the SMA 5-4h, and the SMA 50-15m.
The next support line is significantly lower, but still quite substantial. 1.3135 is the confluence of the Fibonacci 38.2% one-month, the Pivot Point one-day Support 1, and the Fibonacci 61.8% one-week.
Looking up, resistance is much weaker than the support lines mentioned above. 1.3286 is the first hurdle, where we see the meeting point of the previous daily high and the Fibonacci 23.6% one-week.
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