Murrey Math Lines: EUR/USD, GBP/USD
EUR/USD clings onto 1.10 amid optimistic trade headlines, ahead of retail sales
EUR/USD is trading above 1.10, recovering from the lows. White House adviser Kudlow's optimism is weighing on the safe-haven dollar. US retail sales are awaited.
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GBP/USD consolidates gains as amid upbeat polls for Johnson
GBP/USD is trading above 1.2850, consolidating its gains. Recent opinion polls have shown a wider gap for PM Boris Johnson's Conservatives, raising hopes for ratifying his Brexit deal.
US China trade and the global economy: Q&A with FXStreet senior analyst
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Trump Impeachment: Markets will not like any replacement
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Bitcoin price prediction: November fails to impress, what about an action-filled December 2019?
Bitcoin is staring into a bottomless pit mid though the month of November. The past two years have seen Bitcoin start to stir movement upwards in November.
Ethereum volatility is close to all-time low; ETH/USD extends the decline
An average 10-day volatility of ETH/USD dropped to 1.73%, which is close to the historical minimum. This development can be a sign of market indecision, though the asset tends to move sharply after a period of range-bound trading.
XRP/USD on the verge of a falling wedge pattern breakout
Ripple is trading below a key support week-long support at $0.27. The selling pressure on Thursday forced the price lower refreshing the levels towards $0.26. XRP commenced the trading on Friday at $0.2679 and touched a high of $0.2690.
Litecoin price update: LTC/USD takes back $60 support, is $65 hurdle breakable?
Litecoin is in the middle of a recovery move following the recent slide below $60. The accrued gains chopping exercise that has been going on since the week started after another failed attempt to correct towards $65.
Growth and inflation data for the EU and Germany expected to disappoint
The EUR/USD pair has resumed its decline after failing to surpass the 1.1180 price zone for a fourth consecutive week, ending this one at its lowest in almost a month. Financial markets spent these days following headlines related to the US-China trade relationship and chances of an upcoming deal.
GBP/USD has been losing some ground as the US dollar advanced, and its path to the upside may now be blocked.
The Technical Confluences Indicator is showing that the pound faces fierce resistance at the area between 1.2835 to 1.2848, which is a dense cluster of levels including the Bollinger Band one-hour Middle, the Simple Moving Average 100-15m, the SMA 200-15m, the SMA 50-1h, the SMA 10-4h, the Fibonacci 38.2% one-day, the Fibonacci 38.2% one-week, the Fibonacci 61.8% one-day, the BB 4h-Middle, the SMA 5-one-day, and more.
Higher, the next cap is close. At 1.2881, Cable may meet the Fibonacci 61.8% one-week and the Bollinger Band one-day Middle.
Looking down, support awaits at 1.2722, which is the confluence of the Pivot Point one-week Support 1 and the Fibonacci 38.2% one-month.
