GBP/USD: Sterling hits two-month high above 1.3000 on Brexit hopes

GBP/USD hit a new two-month high above 1.3000 on optimism. A motion to prevent a no-deal Brexit is gaining traction, supporting Sterling. BOE Deputy Governor Broadbent did not discuss monetary policy.



EUR/USD: Euro remains flat amid risk-off sentiment ahead of ECB

The Euro is trading little changed on the upside at around 1.1370 as the Bank of Japan downgraded its inflation forecast citing overseas risks building up, while trade talks development weighs on sentiment. The ECB is also expected to voice downturn concerns on Thursday.  


China's GDP: Statistics and reality in the Chinese economy, Part 2

China's economic growth last year dropped to its lowest rate in a generation and though there were a number of international and domestic reasons for that performance the Chinese economy has been slowing steadily for the last five years. 

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ECB Preview: With lower growth ahead, chances of a rate hike in 2019 are all gone

The ECB Governing Council is expected to acknowledge the slowdown of the Eurozone economy that goes beyond its expectations at the beginning of 2019. The IMF lowered its global economic outlook for advanced economies because of downward revisions to growth in the Eurozone. 

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Bitcoin rejected at $3,600 again: Charlie Shrem reckons BTC would survive a nuclear holocaust

Bitcoin price encountered a rollercoaster ride yesterday where it initially slumped below $3,500 and refreshed the lows in 2019. However, the bulls woke up just in time to pull the largest crypto above $3,500. Moreover, the gains continued as Bitcoin tested $3,600 to the upside.

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Ethereum network registered record transactions volume in ETH despite price collapse

Ethereum on-chain transaction volume peaked at $11B in 2017 and dropped by 97% towards the end of 2018, mostly due to Ethereum price collapse. The number of transactions on the Ethereum network plummeted 50% by the end of the year from the peak at the beginning of 2018, according to the Diar research. 

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Litecoin (LTC) price analysis: LTC/USD attempts a major bullish breakthrough

Litecoin staged a nice recovery on Tuesday and extended gains early on Wednesday. The 8th largest digital asset with a market value of $1.9 and an average daily trading volume $566M is flirting with $32.00 at the time of writing.

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Ripple’s XRP lock-step trading could soon break channel resistance

Ripple is exchanging hands at $0.319 following a subtle 0.59% decline on the day. The asset that that is holding ground in the second position according to CoinMarketCap corrected lower yesterday where it tested the support at $0.31. 

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EUR/USD Forex Signal

GBP/USD Forex Signal

AceTraderFx Jan 23: Daily Recommendations on Major - USD/JPY

AUD/USD Intraday: Rebound

Valeria Bednarik

ECB monetary policy decision and Markit PMIs to take center stage this week

The EUR/USD pair aims to close the week to the downside but within familiar levels, hovering around the 1.1400 level, not far from a weekly low of 1.1366. The common currency took a dive after a German report showed that the country's growth was the slowest in 5 years in 2018, just 1.5% up.

Yohay Elam

EUR/USD is treading water in the mid-1.1300s as uncertainty about US-Chinese relations, global growth, and also Brexit continue weighing on investors' minds.

The Technical Confluences Indicator shows that the pair faces a wall of resistance at around 1.1405 which is a dense cluster of potent resistance lines including the Fibonacci 38.2% one-week, the Simple Moving Average 200-4h, the Fibonacci 161.8% one-day, the Pivot Point one-day Resistance 2, and the Fibonacci 38.2% one-month.

The next noteworthy cap is close: 1.1440 where we see the convergence of the Fibonacci 23.6% one-month, the Fibonacci 61.8% one-week, the SMA 100-4h, the Bollinger Band one-day Middle, and the PP one-day R3.

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