EUR/USD has jumped above 1.1150, trading at the highest since March. Protests in the US are grabbing the headlines and marginally supporting the dollar. European countries continue reopening their economies amid falling coronavirus statistics.
GBP/USD is trading above 1.2550, extending its gains. Reports about British readiness to compromise in Brexit talks, conditioned on EU concessions, is helping boost the pound. US protests are eyed.
Bitcoin has tumbled down below $10,000 in a fast move and has swept other cryptocurrencies down. The granddaddy of cryptocurrencies reverses gains seen in previous days.
Gold reversed an early dip to the $1735 region and has now moved back closer to over one-week tops set in the previous session.
Ethereum (ETH) has moved outside the recent range and hit the highest level since February 25 at $253.47. At the time of writing, ETH/USD is changing hands at $252.55 amid a strong bullish trend.
ETC discovered a bug that led to desynchronization of Parity Ethereum with ETC blockchain. The team has released a hotfix and asks all OpenEthereum node operators using this software to update to the latest version.
SPECIAL WEEKLY FORECAST
EUR/USD is awake, alive, and kicking, hitting the highest in two months. The euro enjoyed hopes for substantial fiscal stimulus, and the dollar mostly suffered hopes for a vaccine and quick reopening while ignoring Sino-American tensions.
GBP/USD cannot complain about the lack of volatility – albeit things are becoming more complex. Politics, including Brexit, is growingly competing with coronavirus headlines from both sides of the Atlantic and eventually sent cable higher on the week, but lower on the month.
After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300. A shall green candle on a weekly chart is a promising signal, though the market is still gripped with uncertainty at this stage.
Gold is about to post its second straight monthly gain and could remain stuck in a broad range over the next few weeks.
President Donald Trump threatens to bring in the army and New York is under curfew amid growing protests. Stock markets are unsure of what do, as the unfolding events may trigger further fiscal stimulus. How is the S&P 500 positioned on the charts?
The Technical Confluences Indicator is showing that some support awaits at 3,038, which is a cluster of lines including the Fibonacci 38.2% one-day, the SMA 5-15m, the Bollinger Band 1h-Middle, and the SMA 10-4h.
Stronger support awaits at 3,023, which is the convergence of the Pivot Point one-day Support 1, the previous daily low, and the previous 4h-low.
Looking up, minor resistance awaits at 3,042, which is the confluence of the SMA 10-15m, and the Fibonacci 23.6% one-week.
The upside target for the S&P 500 Index is 3,070, where the Bollinger Band 1h-Upper and the previous monthly high converge.
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