AUD/USD extends the drop below 0.69 as RBA’s Lowe hints at June rate cut

The AUD/USD pair extends the drop below the 0.69 handle and looks to test multi-month lows of 0.6863 after the Reserve Bank of Australia (RBA) Governor Lowe said that the central bank will consider a rate cut at the June monetary policy meeting. 

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USD/JPY steadily rising towards 110.30 amid improved risk tone

The USD/JPY pair refreshes the daily tops and heads back towards two-week tops of 110.32 amid an improvement in the risk sentiment, as reflected by the advance in the S&P 500 futures. Markets cheer the recent shift in the US outlook towards China’s Huawei.

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WTI pops to test $ 63.50 as US-Iran tension please bulls

With the on-going geopolitical tension between the US and Iran continues to entertain energy buyers, WTI is taking the rounds near $63.40 during early Tuesday. Geopolitical tension between the US and Iran joins recent relief to China’s Huawei.

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Anti-EU populism rise not priced in the EUR, European election could hit Euro

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ABN Amro won't launch crypto wallet service

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The SEC postpones a decision on VanEck's ETF, who cares anyway?

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Ethereum Technical Analysis: ETH/USD consolidating around $254

ETH/USD went up from $252.25 to $253.50 in the early hours of Tuesday morning. The price is currently consolidating in a flag formation. On the upside ...

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Bitcoin Price Prediction: BTC/USD aim for $8,200 - Confluence Detector

BTC/USD bulls will be looking to overcome the $8,200 barrier in the short-term. Currently, they have taken the price up from $8,005 to $8,050 as the markets opened this Tuesday.

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Intra-Day News and Views & data to be released today - USD/JPY

RBA’s Lowe caps Aussie’s election rally

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Trade tensions exacerbated concerns about a global economic slowdown

It was a rough week for the common currency, as persistent tensions between the US and China kept high-yielding currencies away from speculative interest's radar. The EUR/USD pair fell, trimming most of the last two-week gains and losing the 1.1200 figure, also undermined by softer-than-expected Chinese data, which revived concerns about the global economic slowdown, and, as the Union stands at the edge of the cliff, was among the most affected.




Yohay Elam

USD/JPY has surpassed the 110.00 level as the greenback's strength outweighed safe-haven flows. What levels should we watch out for?

The Technical Confluences Indicator shows that USD/JPY has massive support around 109.80 where a dense cluster of levels awaits it. That includes the Fibonacci 161.8% one-month, the Bollinger Band 4h-Middle, the Simple Moving Average 200-1h, the Fibonacci 38.2% one-week, the Fibonacci 61.8% one-day, the Pivot Point one-day Support 1 and more.

If it breaches this support region, the next significant support is at 109.09 where the Fibonacci 161.8% one-day and the PP 1m-S3 converge.

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