Intra-Day Market Moving News and Views -EUR/USD
AUD/USD Technical Analysis: Aussie trying to regain 0.74 on USD weakness
The Aussie is double-bottoming off a key level from May 2017. Bullish momentum is fueled by USD sell-off rather than Aussie buying, downside still remains the risk.
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EUR/USD gathers itself for another push from 1.16 ahead of EU PMIs
The EUR/USD is trading close to Thursday's close heading into Friday's European market session, which brings a dose of mid-tier PMI figures due early to kick off the week's end.
GBP/USD: Bullish outside-day reversal above 1.3270
The GBP/USD rose to 1.3270 on Thursday, engulfing the price action seen on Wednesday after the BOE Chief Economist Andy Haldane unexpectedly joined rate hike camp.
USD/JPY peeps above 110.00, bearish outside-day makes NY close pivotal
The USD/JPY is on the rise, having printed a session high of 110.08 earlier today, possibly on rumors of US-China trade talks.
Bitcoin price analysis: BTC/USD under pressure, but Fundstrat's experts believe the worst is over
Bitcoin is trading at $6,680 at the time of writing, down 1.6% on Friday. The price broke below $6,700 handle during early Asian hours with no fundamental trigger readily identified.
Litecoin price analysis: LTC/USD battles to break barriers for higher consolidation; Charlie Lee bullish while on CNBC, “I have faith that prices will rebound”
Cryptocurrencies in the market have many barriers to break in order to make higher consolidations. Litecoin price has been stuck below $100, besides applying the Fibonacci retracement highlights several barriers to break before attacking the critical level at $100.00.
Ripple price analysis: XRP/USD stays in a range as Brad Garlinghouse explains why it is not a security
Ripple, the third largest coin by market value, is changing hands at $0.5289, off Friday's low at $0.5240. The coin is 2.8% lower than this time yesterday, and down 1.3% on the day.
Dash to launch state of the art DashCopay wallet app in the wake of AloGateway partnership: Dash price still range-bound
Dash is cryptocurrency that has been transforming outlook since its inception. It was launched in 2014 as XCoin but because of the privacy features it rebranded to Darkcoin but in it change again to Dash to allow it to be a global payment processing system.
The Bank of England is expected to leave the Bank rate unchanged at 0.50% with statement remaining dovish.
The US weekly jobless claims are expected to reach 220K.
Canada’s ADP employment report is expected to see 20K new jobs added in June.
The Bank of England Governor Mark Carney is set to deliver a Mansion-house dinner speech at 20:15 GMT.
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A hawkish Fed and a dovish ECB made the EUR/USD pair collapse toward weekly lows
What a week! Things moved in slow motion until Thursday across the FX board, but intense headlines kept coming pretty much since the week started. The dollar refused to surge despite encouraging local data, as speculative interest wanted to asses all the first-tier events before making up their minds one way or the other.
The EUR/USD consolidated its previous losses and stabilized below 1.1600. What's next? Rising may be harder than falling.
The Technical Confluences Indicator shows that that the pair faces a dense cluster of resistance lines at 1.1580 which is the confluence of the Simple Moving Average 100-15m, the Fibonacci 61.8% one-day, the Simple Moving Average 50-15m, the SMA 200-15m, the SMA 5-4h, the SMA 50-1h, and the SMA 10-4h.
Should the pair break above this level, there are quite a few lines of resistance with the 1.1645 level standing out as the convergence of significant levels: the Fibonacci 161.8% one-day, the Fibonacci 23.6% one-month, and also the Pivot Point one-day Resistance 2.
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