AUDUSD dips to fresh weekly lows near 0.7160

AUD/USD refreshed weekly lows near 0.7160, as the sentiment around the Aussie dollar was hit by the latest report that the US-China trade talks could be delayed, in light of the US shutdown.  


USD/JPY finds bids near 108.80 amid moderate risk-aversion

USD/JPY is enjoying some good two-way price-movements amid risk-off market profile, now looking to regain the 109 handle after having dipped briefly to 108.80 levels.


Wall Street keeps pointing higher despite little to cheer

Despite no progress being seen for either the US government shut down or the US-China trade talks, Wall Street is continuing to grind its way higher. JP Morgan and Delta Airlines, both of which reported earnings yesterday, cautioned that the stand-off over funding in Washington would have a meaningful impact on their revenues.

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The Death of a Business Cycle

How do business cycles end? In the US, conventional wisdom is that they are murdered by the Federal Reserve.It is too slow to raise rates and then goes too quickly. 

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Top 3 Price Prediction Bitcoin, Ripple, Ethereum: The market refuses to fall and configures a blow to the top

As if we were on a permanent "Groundhog Day," we are dawning today at the same levels that we have intermittently frequented since mid-December. Monday's "Bump" failed to secure the advances and went back yesterday to the first available support.

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Ripple’s XRP Price Analysis: XRP/USD is a sitting duck awaiting bear attack

XRP/USD over the past six sessions, has been stuck within a daily range-block formation. The upper resistance can be observed from $0.34-0.35, with lower support seen at the $0.32 mark. There isn’t much in the way of major support, until south of $0.30.

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Litecoin Price Analysis: LTC/USD holds gains of 2%; Litecoin foundation announces sponsoring UFC fighter

The Litecoin price was seen holding gains on Wednesday of 2%, however price action is still somewhat trading within a tight range. Upside is capped by resistance heading into the $33-34 area, LTC/USD has not been above this since 10th January. In terms of news flow, the Litecoin foundation following them partnering with...

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Bitcoin Price Prediction: BTC/USD is moving imminent breakout eyed – Confluence Detector

The Bitcoin price is moving in a range-bound motion, within the confinements of a range-block formation. Vulnerabilities still point to further downside shocks, should the bears force a breach of the lower acting support. BTC/USD has not done anything to be frank, for the past six sessions now. 

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Not much to do except 'wait on the sidelines' [Video]

GBP/USD analysis: Brexit saga far from over, next chapter on Monday

USD/JPY analysis: bulls have more chances once 109.20 gets cleared

Australian dollar weaker against the majors

Valeria Bednarik

Central banks took center stage this week, but both leveling down

The common currency had a good week, or better said, the dollar had a terrible one. The EUR/USD pair aims to finish it with gains, having reached a fresh 3-month high of 1.1569, although still unable to clear a key resistance, the 23.6% retracement of its 2018 decline, as the pair has spent the last three days of the week battling with it.

Gonçalo Moreira

Forthcoming weakness in the US dollar lead the Sterling to a climb back above the 1.29 handle. Today it is tentatively unwinding its rally ahead of Brexit related news.

The first challenge today will be the 1.2800 handle, just below the weekly pivot point, daily S1, the 100-hour SMA, and yesterday's low, converging together. Only with this handle boldly violated it would became questionable if the recent two-week stretch will be enough to prevent a renewed attack at key support at 1.2700. In between, 1.2760 indicator cluster may come into play.

On the upside, lack of technical hot spots in our Confluence Indicator, forces us to check price charts with a wider range. Here we note an intersection of September's recovery rejection and an ascending resistance line at 1.3270 which could be a provisional upside target levels, specially is the house approves the Brexit deal causing massive relief flows.

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