EUR/USD – Euro yawns in light-data session
EUR/USD remains on the back foot amid ongoing trade concerns
EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei. European elections are warming up.
RECOMMENDED
GBP/USD consolidates its losses amid Brexit pessimism
GBP/USD is trading in the low 1.2700s, close to the lowest since January. UK PM May is set to present a new plan after cross-party talks failed and as calls for her to quit mount.
Cryptos stage a Sunday surge, levels to watch – Confluence Detector
Cryptocurrencies have enjoyed a massive comeback early on Sunday, recovering most losses. The cleanup seen ahead of the weekend may be over, and it is time to look up to higher levels. Here are the levels to watch according to the Confluence Detector.
WTI: Buyers cheer US Pres. Trump’s comments on Iran, OPEC+ meeting
With the US President Donald Trump going harsh on Iran and the OPEC+ group holding support for further production cuts, WTI trades firmer above 63.50 levels.
Bitcoin is ahead of itself with its recent rally - JPMorgan Chase strategists
Bitcoin's Monday rally has stalled as the first digital coin retraced from the intraday high of $8,304 to trade marginally below $7,900 by the time of writing. While BTC is still in the green zone on a day-on-day basis, the intraday losses are nearing 4%.
Ripple Technical Analysis: XRP/USD bears have control as bulls try to fight back
XRP/USD went down from $0.390 to $0.384 in the early hours of Saturday. The 20-day Bollinger band shows that the market is volatile. The MACD (moving average convergence divergence) ...
Ripple price analysis: XRP/USD bulls reclaim ground above $0.40
Ripple's XRP regained ground after an early Monday dip to $0.3939 low. At the time of writing, XRP/USD is changing hands at 40.4050, which is 4% higher from this time on Sunday and down 3.2% as compared to the beginning of the Asian session.
TRON (TRX) based futures are now available on OKEx
Cryptocurrency exchange OKEx announced the launch of TRON (TRX)-based futures. The new instrument will be available for the platform's customers from 08:00 May 20, 2019 (CET, UTC+1) with the maximum allowed leverage 20x.
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.
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.
_Nano.jpg){kind=small}