The EUR/USD is trading around $1.2230, as the US Dollar gains more ground across the board. US 10-year yields are touching 3% and the greenback follows. This is driven by optimism about the US economy and upbeat Fed comments.
The GBP/USD is extending its falls, trading around $1.3960, the lowest since March 19th. Rising US bond yields drive the US Dollar higher across the board. Last week, the Pound fell on a streak of weak data.
The USD/JPY is trading around ¥108.20, up 0.55% on the day to the highest since mid-February. US 10-year Treasury yields are flirting with 3% on expectations for a faster pace of rate hikes.
The US Treasuries are the main market topic on Monday leaving the US macro indicators in the second wave of interest including manufacturing activity gauge for Chicago Fed regional district that...
BTC/USD has met the $9000 level in the last hours, after enjoying important gains during last week. Technically, the bullish movement is showing some pause signals and that could be a good level to consolidate gains. Above there, the $9500 level is the first resistance, followed by the $10000 meaningful level.
Bitcoin price analysis: BTC/USD upside capped below $9,000; while India’ Central Bank is taken to court following cryptocurrency crackdown
The traders and cryptocurrency investors are shifting their sentiments towards the digital assets in the second quarter of 2018. This is happening after the first quarter witnessed the worst selloff in the history of the cryptocurrencies.
The digital age is changing the human behaviour. The way people and businesses communicate, exchange goods and services and make payments is changing drastically and it appears that the blockchain technology offers an increasingly adopted basis.
Ripple is trading at $0.8600 with the upside capped by 100-DMA. The coin touched 40.9372 on Friday amid general altcoins recovery, but the momentum seems to be fading away.
The US benchmark Treasury yield jumped to 2.99% on Monday pushing the US Dollar higher across the board.
The Eurozone manufacturing PMI fell less than expected in April while services activity increased pushing the composite PMI to remain flat over the month in April and beating the market forecast of PMI sliding lower.
The US Treasuries are the main market topic on Monday leaving the US macro indicators in the second wave of interest including manufacturing activity gauge for Chicago Fed regional district that is expected to decelerate in March while the US existing home sales are seen rising.Read Full Report
EUR/USD at risk of falling to 1.2100
Another week ends with the EUR/USD pair unable to abandon its comfort zone around the 1.2300 figure. Indeed, intraday trading was a bit more entertained, and some nervous back and forth suggest that it won't be long until a decision is made.
The EUR/USD is stable in the wake of a new week, but its prospects have not improved. The Technical Confluences Indicator shows that stronger clusters of resistance remain to the upside while fewer confluence zones await on the downside.
The pair is struggling around 1.2280, where we see congestion of the Simple Moving Average 5-15m, the SMA50-15m, the Fibonacci 61.8% one-month, the Bolinger Band 15m-Upper (Stdv. 2.2), the BB 1h-Middle, the SMA-5-1hv, the Fibo 23.6%, and the SMA10-1h.
If the pair indeed drops, support is found around 1.2215, the meeting point of the Pivot Point one-week S1 and the one-month low. Even lower, at 1.2155, we find the Pivot Point one-month S1 and the Pivot Point one-week S2.
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