EUR/USD analysis: bears dominate the scene despite latest bounce
AUD/USD holding near highs ahead of Aussie employment figures
The AUD/USD is trading just beneath the 0.7400 level after dipping into a low of 0.7340 in Wednesday's action, before recovering steeply. Broader markets lost their flavour for the US Dollar heading into the last session of yesterday's trading.
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EUR/USD extends recovery after testing 1.1600 threshold
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TOP 3 price prediction Bitcoin, Ethereum, Ripple: Double-digit rises open up bullish opportunities
Many weeks have come and gone since we saw the latest double-digit percentage rise in Bitcoin. Just one day of rises doesn’t set a trend, but the width of the movement sends a strength signal that was very much needed for the bulls.
NEO price analysis: NEO/USD gains 6% on a daily, but the upside has stalled for now
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"It’s way more interesting to read up on crypto projects than snoozing with a 15-year Gold chart" - Crypto Ed
After our first interview with Steven Hatzakis, today we’ll continue with our interview series to crypto traders and talk with @Crypto_Ed_NL. Living in the Netherlands, Ed has been working in International Sales Projects for most of his career. Always interested in financial markets, cryptocurrency trading became his profession 4 years ago.
EOS price analysis: EOS/USD up 11% on a daily basis, short-term correction is likely
EOS, the 5th digital coin by market value, gained over 11% on a daily basis, despite the downside correction from early Asian highs registered at $9.30.
Bitmain invests in EOSIO developer, Block.one; EOS price reacting to the double top pattern
EOS has come out of the dip after trading lows around $6.65. The price has been recording higher lows and higher highs from July 15 when it changed hands above $7.0. The resistance at $7.49 restricted movement at first, but the price reacted forming a brief engulfing candle that took the price above $7.6.
The Eurozone inflation is expected to rise 2.0% y/y in June with core inflation increasing 1.0% y/y. The UK inflation is expected to pick up to 2.6% y/y in June while core inflation is expected to rise 2.2% y/y in June.
The US housing market data are set to confirm a rising appetite of Americans to build new houses in the US. The Federal Reserve’s chairman Jerome Powell testifies for the second day in the US Congress on Wednesday with the message out already in the first day of his testimony. The Federal Reserve’s Beige book of the regional economic activity is scheduled for Wednesday.
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ECB's Minutes cooled down hopes for a sooner rate hike in the EU
The dollar resumed its advance in a week where the trade war ups and downs, once again led the way. Trade tensions escalated mid-week on the back of headlines indicating that the US was planning to launch a list worth $200B goods, on where to impose a 10% tariffs.
The EUR/USD is trading lower as the US Dollar sweeps the board. While it has some room to recover, the path of least resistance remains to the downside.
The Technical Confluences Indicator shows that the most significant hurdle awaits at the 1.1685 region which is the congestion of the potent Fibonacci 38.2% one-day, the Fibonacci 388.2% one-week, the Bolinger Band one-hour-Middle, and the Simple Moving Average 100-15m. This high level leaves room for recovery, but this recovery will not be too easy.
1.1654 is the convergence of the Simple Moving average 10-1h, the SMA 50-15m, the one-day high and the SMA 5-1h. A minor line is 1.1641 which is the SMA 10-15m and the Fibonacci 38.2% one-month.
