EUR/USD settles around 1.1670 as USD regains some ground

The positive momentum of Wall Street gave the greenback some support at the end of the day, with the common currency among the weakest, despite increased demand for high yielding assets.



Strong Pound, Weak Dollar

Trade war latest developments have hurt demand for the greenback, helping the GBP/USD pair to hold on to gains near 6-week highs. Critical 1.3170 resistance holding, for now.


Is the Dollar Baaack?

Retail sales grew at its slowest pace in 6 months but the dollar rallied because policymakers said more tightening beyond September is needed. Even FOMC voter and Fed President Brainard suggested that the Fed could continue to raise rates beyond the long term neutral rate.

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Brexit: May may surrender after the Conservative Conference, buying opportunity on GBP/USD?

PM May is toughening her position ahead of key events. It may preempt a total surrender after the Conservative Party Conference in Birmingham. The GBP/USD may fall on the headlines now but could soar if things improve afterward.

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Top 3 Bitcoin, Ethereum and Ripple Price Predictions: 3 scenarios for the Direxion ETF decision on September 21st

On July 24th, the US Securities and Exchange Commission announced a delay in the decision to approve or disapprove the Bitcoin ETF decision to September 21st. The decision was a disappointment from cryptos that had already suffered from a decision regarding A similar suggestion from VanEck.

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Ripple price jumps 13% on Tuesday as Saudi’s National Commercial Bank joins RippleNet

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Cryptocurrency market update: Bitcoin massacres critical support as market dips to $192 billion

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Ethereum price analysis: ETH/USD revamps uptrend on hitting $190 support; declines ignore Bitfinex ‘Ethfinex’ launch

Ethereum is trading below $200 after canceling most of the gains accrued during the last one week. Prior to the gains upside movement that started in the mid-last week, Ethereum has had been at the forefront of the declines that saw the market descend to yearly lows at $189 billion.

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EUR/USD: Busted Bearish Head-and-Shoulders Becomes Bullish Head-and-Shoulders?

GBP/USD analysis: easing from highs, still bullish

USD/CAD extends decline

AUD/USD analysis: increasing risk of a bullish breakout

Valeria Bednarik

US data and trade war headlines conspired against the common currency these days

The EUR/USD pair surged to a fresh September high, 1.1721, retreating from the level but anyway closing the week with solid gains. A bout of risk appetite sent the greenback lower, on hopes the EU and the US could resume trade talks before the US launches the next round of tariffs, boosting equities to fresh multi-month highs.

Yohay Elam

The EUR/USD is holding onto high ground, unfazed by the US announcement to impose 10% tariffs on $200 billion of Chinese goods. The technical picture remains favorable for the pair.

The Technical Confluences Indicator shows that the pair has robust support at 1.1680, which is the convergence of the Simple Moving Average 100-15m, the SMA 100-one-day, and the Fibonacci 23.6% one-week.

Close by, 1.1648 is the confluence of the SMA 5-one-day, the Fibonacci 38.2% one-week, the Fibonacci 61.8% one-day, and the SMA 100-one-hour.

Looking up, resistance lines are weaker. We see an initial soft cap at 1.1721 which is the meeting point of the Pivot Point one-day REsistance 1 and the Bolinger Band one-day Upper.

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