EUR/USD: Euro extends its losses amid higher US yields

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.



GBP/USD: Sterling slides to the lowest in a month on USD strength

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.


USD/JPY: Dollar trades at the highest in two months alongside higher yields

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.


American FX Outlook: US Dollar rocks with benchmark Treasury yields approaching 3%

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...

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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. 

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The relation between the blockchain technology and crypto-assets

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Ripple price analysis: XRP/USD settles below $0.90 as positive momentum fades away

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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.

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GBPUSD – extension through 1.40/1.3965 supports is strong bearish signal

USDCAD Forex Signal

AUDUSD Forex Signal

Yohay Elam

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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