Charts Today - US stocks to open higher [Video]

David Linton Updata Ltd

Charts Today - 30 Apr 2018 - US stocks to open higher

Dollar strength continues confirming medium term trend change to bullish

Euro weaker, Sterling collapsing after Friday's GDP numbers
Bitcoin recovery fading
US stocks ended week stronger and set to open higher today
UK up. Paris looking strong, DAX lagging. Asia up
Crude oil weakening short term
Gold and Silver weak on strong dollar
Bond yields pulling back temporarily
US tech majors mixed. Apple and Google lagging.

Author

David Linton

Updata Ltd

David Linton founded Updata in 1991 after several years trading and developing systems himself. He is a regular commentator on financial markets in the UK press and TV.

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Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

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Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.