EUR/USD Forecast: Battling to recover from a critical Fibonacci level
USD/JPY extends the bounce above 108.50 on rising trade deal hopes
The USD/JPY pair extends its bounce from eight-day lows of 108.25 in Friday's Asian trading, with the bulls regaining control above 108.50 after White House Economic Adviser Kudlow's comments bolstered US-China trade deal hopes.
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AUD/USD looks to regain 0.6800, trade optimism underpins
With the latest trade positive comments from White House Adviser Kudlow, AUD/USD seems to have picked up a delayed bid, now testing the 0.68 handle. The spot extends its recovery from monthly lows of 0.6769.
US China trade and the global economy: Q&A with FXStreet senior analyst
After the meetings in October it was unclear if the new levies planned for December would be called off. And now, reports suggest that past duties may be removed. All in all, a positive development, isn't it?
WTI testing offers near $ 57 amid trade optimism, ahead of US data
WTI is looking to extend the overnight bounce above the 57 handle, as the bulls find some solace from the renewed US-China trade optimism after both trade teams agreed to meet over trade talks later on Friday.
Bitcoin price prediction: All eyes on the $8,530 support line as BTC/USD sinks
BTC/USD is on course for charting three bearish days in a row. The sellers dropped the price of BTC/USD from $8,764.45 to $8,631.70 this Thursday. So far this Friday, BTC/USD has fallen further to $8,601.15.
Altcoin segment: bullish war drums
Sunny King, the creator of the consensus protocol Proof of Stake (PoS), has stated in a recent interview that Bitcoin has a vital role as a reference value in the crypto-verse, but that the highest growth potential is in the Altcoin segment.
ETH/USD hovers around $185.00, vulnerable to further losses
ETH/USD is trading at $185.27 at the time of writing, having recovered from the intraday low of $184.11. The second-largest digital asset with the current market value of $18.8 billion has lost 1.34% of its value since the beginning of Thursday and stayed mostly unchanged on a day-to-day basis.
Ripple price prediction: XRP/USD smashes below critical support of $0.2700 – Confluence Detector
Ripple’s XRP extended thee sell-off to $0.2633 on Thursday. The coin is moving in sync with the market, controlled by bearish sentiments. A sustainable move below $0.2700 support bodes ill for XRP's short-term forecast, making it vulnerable to further losses.
Growth and inflation data for the EU and Germany expected to disappoint
The EUR/USD pair has resumed its decline after failing to surpass the 1.1180 price zone for a fourth consecutive week, ending this one at its lowest in almost a month. Financial markets spent these days following headlines related to the US-China trade relationship and chances of an upcoming deal.
GBP/USD has been losing some ground as the US dollar advanced, and its path to the upside may now be blocked.
The Technical Confluences Indicator is showing that the pound faces fierce resistance at the area between 1.2835 to 1.2848, which is a dense cluster of levels including the Bollinger Band one-hour Middle, the Simple Moving Average 100-15m, the SMA 200-15m, the SMA 50-1h, the SMA 10-4h, the Fibonacci 38.2% one-day, the Fibonacci 38.2% one-week, the Fibonacci 61.8% one-day, the BB 4h-Middle, the SMA 5-one-day, and more.
Higher, the next cap is close. At 1.2881, Cable may meet the Fibonacci 61.8% one-week and the Bollinger Band one-day Middle.
Looking down, support awaits at 1.2722, which is the confluence of the Pivot Point one-week Support 1 and the Fibonacci 38.2% one-month.
