The AUD/USD pair trades near 0.7150 during early Asian sessions on Monday. The pair carried its Good Friday gains forward as lack of data and major market closure, except Japan, China and Singapore, due to Easter Monday confined trade sentiment.
The USD/JPY pair closed this last week as it started, flat at 111.90 having spent these last days confined to a measly 50 pips' range. Quiet start to the week with only Japan's markets opened in Asia.
The GBP/USD pair closed the week at its lowest for this April, a handful of pips below the 1.3000 figure, collapsing Thursday despite local data surprised to the upside.
The troy ounce of the precious metal lost around $17 this week and now looks to record its lowest weekly close since the end of December near $1275.
Bitcoin (BTC) has been growing steadily for three consequitive days, but now this bullish trend is under threat. The first digital coin is posed to finish this Friday in a red zone, unless the recovery gains traction towards the end of the day.
ETH/USD is hovering above $173.00 after Thursday’s move towards $176.60 handle. The second largest digital asset with the market value of $18.2 billion is mostly unchanged both on a day-on-day basis and since the beginning of Friday.
Following the release of Binance protocol the token BNB has been on an upward trend. Similarly, Binance Coin has been on the rise since the beginning of the beginning of the year to record a more than 200% rise in three months.
The United States regulator, The Financial Crimes Enforcement Network (FinCEN) is reported have demanded a Bitcoin trader to pay a fine following what it terms as the violation of anti-money laundering (AML) rules. According to an announcement released on Thursday.
German economic slowdown weighing on the Union, ECB's stimulus more than justified
Indecisive market's behavior at the beginning of the week got sort of a definition Thursday, with the EU Markit preliminary PMI for April. The reports indicated that business activity bounced from March's collapse, but not enough. The index for the German's manufacturing sector barely recovered from a multi-year low and remained well into contraction territory.
EUR/USD is trading in a narrow range around 1.1300 as the long Easter weekend approaches. The pair enjoys substantial support. Can it rally?
The Technical Confluences Indicator shows that the round number of 1.1300 is a dense cluster of lines including the Simple Moving Average 5-1h, the Fibonacci 61.8% one-day, the SMA 10-15m, the SMA 10-1h, the SMA 10-4h, the SMA 50-1h, the SMA 5-4h, the SMA 50-1d, the Bollinger Band 1h-Middle, and more.
More significant support awaits at 1.1282 where we see the convergence of the previous daily low, the Fibonacci 38.2% one-month, the SMA 200-1h, the Fibonacci 38.2% one-week, the BB 4h-Lower, and the SMA 5-1d.
The initial upside target is 1.1347 where the Fibonacci 61.8% one-month, the Pivot Point one-week R1, the BB 1d-Upper, and the SMA 100-1d.
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