A scarce macroeconomic calendar, and the absence of fresh clues from policy makers keep the pair ranging today. Risk still skewed to the downside as trade war fears ebbed but didn't disappear.
The Pound got some love after PM May reversed again the amendment on the Brexit 'meaningful vote,' although the upside is limited ahead of BOE's monetary policy decision.
The USD/JPY pair was able to recover some ground as yields and equities bounced from Monday's lows, but buyers remain side-lined, as stocks lost momentum post-Wall Street's opening.
U.S. crude oil refinery inputs averaged 17.7 million barrels per day during the week ending June 15. U.S. crude oil imports averaged 8.2 million barrels per day last week, up by 143,000 barrels per day from the previous week
Bitcoin price analysis: BTC/USD bulls light up the fire again; hacked Bithumb exchange moves to suspend deposits and withdrawals
Bitcoin price is teasing traders with brief bullish signals, besides it has maintained the support at $6,600; covered in an earlier analysis today. The bullish trend is eyeing the critical resistance level at $6,800, however, in the meantime, the buyers must battle to shake off the sellers.
Ethereum price analysis: ETH/USD embraces support at 100 SMA after the double top pattern; ERC20-based tokens get a boost from the new Radar Relay trading platform
The crypto market has survived a hack attack on Bithumb exchange. The hackers, however, disappeared with at least $31 in digital assets. The market has kept steady muting the reaction to the news of the attack
Litecoin price analysis: LTC/USD dancing with the 61.8% Fibonacci; LTC derivatives land a listing on the London-based exchange, Crypto Facilities
Litecoin price tested the critical resistance at $100 but rising selling pressure led to lower corrections. The price smashed through the support provided by the 50% Fib retracement level with the previous swing high of $107 and a low of $89.2.
IOTA is trading with a downside bias, being dangerously close to critical $1.00 handle. The coin is down 5.5% on daily basis amid general sell-off on the cryptocurrency market.
The US existing home salesfell back for the second straight month in May.
The UK House of Commons is set to vote on the UK government’s proposal of Brexit legislation that has been ousted on Monday in the upper chamber of House of Lords.
The New Zealand Q1 GDP is expected to rise 0.5% Q/Q while increasing 2.5% y/y.Read Full Report
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 USD/JPY enjoyed a recovery after the risk-off sentiment faded away. Can it continue its upward trajectory? Not so fast?
The Technical Confluences Indicator shows that that the pair initially needs to conquer the battle over 110.22 which is a dense cluster of technical levels including the Simple Moving Average 200-15m, the SMA 200-1h, the Fibonacci 61.8% one-day, the SMA 50-4h, the SMA 10-one-day, and the Bolinger Band one-hour Upper-Stdv. 2.2.
The next challenge is very close, at 110.35, which is the convergence of the Fibonacci 38.2% one-week, the SMA 100-1h, and the Bolinger Band one-hour-Middle.
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