The bullish sentiment is weighing on USD, while EUR is waiting for the ECB
EUR/USD hits highest since March amid US protests, European reopening
EUR/USD has jumped above 1.1150, trading at the highest since March. Protests in the US are grabbing the headlines and marginally supporting the dollar. European countries continue reopening their economies amid falling coronavirus statistics.
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GBP/USD resumes rally amid Brexit optimism, dollar weakness
GBP/USD is trading above 1.2550, extending its gains. Reports about British readiness to compromise in Brexit talks, conditioned on EU concessions, is helping boost the pound. US protests are eyed.
Bitcoin crashes below $10,000, loses over 5% in a matter of minutes
Bitcoin has tumbled down below $10,000 in a fast move and has swept other cryptocurrencies down. The granddaddy of cryptocurrencies reverses gains seen in previous days.
Gold flat-lined below $1740 level, bulls await fresh catalyst
Gold reversed an early dip to the $1735 region and has now moved back closer to over one-week tops set in the previous session.
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BTC/USD breaks free from a triangle pattern
Bitcoin (BTC) settled at $10,125 after a head-spinning rally to $10,412 during late hours on Monday. The first digital asset has gained over 5% on a day-to-day basis, though it is mostly unchanged since the beginning of Tuesday.
XLM/USD ready to retest the highest level of 2020
Stellar (XLM) is the best-performing digital asset out of top-20. The coin has gained over 12% in the recent 24 hours to trade at $0.0833 by press time.
ETH/USD vulnerable to the downside correction towards $247.00
Ethereum (ETH) has moved outside the recent range and hit the highest level since February 25 at $253.47. At the time of writing, ETH/USD is changing hands at $252.55 amid a strong bullish trend.
ETC/USD has a potential to reach $8.00 if move above $7.00 is sustained
ETC discovered a bug that led to desynchronization of Parity Ethereum with ETC blockchain. The team has released a hotfix and asks all OpenEthereum node operators using this software to update to the latest version.
SPECIAL WEEKLY FORECAST
EUR/USD Forecast: Rally make or break moment with the ECB and Non-Farm Payrolls back to back
EUR/USD is awake, alive, and kicking, hitting the highest in two months. The euro enjoyed hopes for substantial fiscal stimulus, and the dollar mostly suffered hopes for a vaccine and quick reopening while ignoring Sino-American tensions.
GBP/USD Forecast: New month, new falls? Brexit, Non-Farm Payrolls, and coronavirus stats are key
GBP/USD cannot complain about the lack of volatility – albeit things are becoming more complex. Politics, including Brexit, is growingly competing with coronavirus headlines from both sides of the Atlantic and eventually sent cable higher on the week, but lower on the month.
USD/JPY Forecast: The trading pause is temporary
The two-week old USD/JPY consolidation appeared increasingly unstable as markets confront the possibility that the recent accusations between the US and China over the pandemic.
AUD/USD Forecast: The wind is still from the East
The substantial AUD/USD rally this week capping a two-month return from the pandemic panic and almost two decade low in March has reached a technical and possibly fundamental hold point.
Bitcoin Forecast: BTC/USD bulls fight for every inch of the ground on their way to $10,000
After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300. A shall green candle on a weekly chart is a promising signal, though the market is still gripped with uncertainty at this stage.
Gold Forecast: Yellow metal to consolidate in broad range in the near-term
Gold is about to post its second straight monthly gain and could remain stuck in a broad range over the next few weeks.
President Donald Trump threatens to bring in the army and New York is under curfew amid growing protests. Stock markets are unsure of what do, as the unfolding events may trigger further fiscal stimulus. How is the S&P 500 positioned on the charts?
The Technical Confluences Indicator is showing that some support awaits at 3,038, which is a cluster of lines including the Fibonacci 38.2% one-day, the SMA 5-15m, the Bollinger Band 1h-Middle, and the SMA 10-4h.
Stronger support awaits at 3,023, which is the convergence of the Pivot Point one-day Support 1, the previous daily low, and the previous 4h-low.
Looking up, minor resistance awaits at 3,042, which is the confluence of the SMA 10-15m, and the Fibonacci 23.6% one-week.
The upside target for the S&P 500 Index is 3,070, where the Bollinger Band 1h-Upper and the previous monthly high converge.
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