Forex today saw NZD going ballistic on the back of upbeat RBNZ’s core inflation number and greenback’s exchange rate, as represented by the dollar index (DXY), deflate to 200-hour moving average support.
The GBP/USD is still trading into 1.3250 after failing to make headway into the key 1.33 major figure on Monday. Brexit continues...
The EUR/USD is trading just north of the 1.1700 major technical level ahead of a Tuesday that will see market focus shift to upcoming...
USD/JPY is currently testing the upside in Tokyo, with bulls reluctant to completely throw in the towel just yet in what seems to be an...
Crypto market overview: Bitcoin, Ethereum and Ripple gained over 5% amid evidence of institutional adoption
Bitcoin is trading at $6,722, gaining $5.7 on a daily basis. The coin touched $6,750 high on Monday and settled marginally above 50-DMA. The nets resistance is created by 23.6% Fibo at $6,761.
NEO one of the noteworthy out performers, with gains in excess of 9% on Monday. NEO/USD could make a decent run back towards $40, should near-term barrier be taken out.
INTERVIEW OF THE WEEK
"It’s way more interesting to read up on crypto projects than snoozing with a 15-year Gold chart" - Crypto Ed
After our first interview with Steven Hatzakis, today we’ll continue with our interview series to crypto traders and talk with @Crypto_Ed_NL. Living in the Netherlands, Ed has been working in International Sales Projects for most of his career. Always interested in financial markets, cryptocurrency trading became his profession 4 years ago.
EOS price analysis: EOS/USD spikes over 9% higher on Monday, as bulls lay foundations for decent recovery
The EOS price was seen up over 9% on Monday, in-line with the decent gains seen across the crypto market. Starting the week solidly, in an effort to lay the foundations for...
Bitcoin Cash Technical Analysis: BCH/USD is the big out performer gaining 9%, but falling short ahead of $900
BCH/USD fell short ahead of the $800 mark, not seen since the 4th July. Bitcoin Cash produces decent gains on Monday, jumping over 9%.
ECB's Minutes cooled down hopes for a sooner rate hike in the EU
The dollar resumed its advance in a week where the trade war ups and downs, once again led the way. Trade tensions escalated mid-week on the back of headlines indicating that the US was planning to launch a list worth $200B goods, on where to impose a 10% tariffs.
The EUR/USD is looking for a new direction as traders shift their attention back to trade after France won the World Cup. What's next?
The Technical Confluences Indicator shows significant resistance at 1.1725 which is the confluence of the Fibonacci 61.8% one-month, the Fibonacci 61.8% one-week, and the Simple Moving Average 50-one-day.
Higher above, 1.1792 is the convergence of the one-month high, the one-week high, the Pivot Point one-week Resistance 1, and the Pivot Point one-day Resistance.
On the downside, 1.1658 is the confluence of the Fibonacci 23.6% one-week, the Bolinger Band one-day Middle (Stdv. 2.2), the Fibonacci 38.2% one-day, and the Simple Moving Average 100-15m.
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