USD/JPY extends the pullback below 107.50, as the yen continues to draw bids from the risk-off market profile amid US-China tensions and upbeat Japanese data dump. Focus shifts to the US data and President Trump's response to the Hong Kong issue.
Having marked yet another failure to stay strong beyond 0.6650, AUD/USD remains depressed around 0.6640/35 at the start of Friday’s Asian session.Risk-tone remains positive as equities cheer hopes of further stimulus, economic restart.
EUR/USD finally cut through resistance in the 1.1000/20 zone on Thursday as the euro led G10 FX. USDX is on course for its biggest monthly fall of the year. The CAD and USD were the laggards as risk trades dipped late on China worries.
WTI fails to keep the previous day’s recovery moves from $31.33. The oil benchmark probes the previous day’s recovery moves amid the market’s cautious sentiment. Hopes of extension in output cuts, market optimism countered EIA data on Thursday.
BTC/USD looks set to test the 10K level once again after the price pushed through 9K yesterday. The price continues to trade above both the 55 and 200 moving averages, which is a bullish signal. The market is in ...
XRP/USD continued its bullish domination as the price went up slightly from $0.1979 to $0.1982. Presently, the price has peeked above the green Ichimoku cloud, while it has found resistance at ...
ETH/USD bulls stayed in control of the market for the second straight day as the price went up from $208.37 to $215.67. The price is currently trending near the upper curve of the 20-day Bollinger Band.
Tezos has been trading higher on Thursday as most of the crypto majors trade in the black. The price recently converged into a triangle formation making lower high waves and higher low waves.
SPECIAL WEEKLY FORECAST
The global downturn will likely deepen in the second quarter of the year. Central banks ready to do more, but the Fed refuses to go into negative rates. Are the EUR/USD disappointed bulls willing to give up?
Hope has trumped reality– even President Donald Trump's criticism of China and a slew of concerns in the UK. Promising results were enough to keep the pound positive on the week...
The USD/JPY consolidated its breakout this week as tensions between the United States and China over a variety of topics bolstered the dollar against the yen in a mild return to risk-aversion pricing.
AUD/USD has hit new highs over vaccine hopes but lost ground amid geopolitical concerns. China-US relations, China's rate decision, the RBA's minutes, and coronavirus statistics stand out.
Bitcoin attempted a recovery towards $10,000 but ended up at $9,100. The first digital asset printed the second red candle on a weekly chart. It is an alarming signal for the long-term bull as BTC may be vulnerable to deeper losses.
Gold prices have reached fresh multi-year highs this week, with spot hitting $ 1,765.19 a troy ounce. Despite ending the week in the red, the bright metal holds on to its bullish potential, backed by renewed tensions between...
Gold has been dropping from the highs amid an upbeat market mood that turned unfavorable for the precious metal. Can it recover? XAU/USD is sitting at critical support.
The Technical Confluences Indicator is showing that gold is sitting just above a cluster of the line at $1,706, which includes the Simple Moving Average 5-15m, the previous 4h-low, and the all-important Fibonacci 23.6% one-month.
If it loses that level, the next cushion is only at $1,691, which is the meeting point of two pivot points – the one-day Support 2 and the one-week S2.
Noteworthy resistance awaits at $1,713, which is the convergence of the PP one-week S1 and the SMA 200-4h.
The next cap is at $1,717, which is the confluence of the Bollinger Band 15min-Upper, the BB one-day Middle, and the previous week's low.
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