US stocks pull back on mixed earnings
EUR/USD bounces from the 22-week low on upbeat US data
EUR/USD is trading in the mid-1.1100s, up from the lowest levels since June 2017. The US Dollar continues dominating the board. US Durable Goods Orders beat expectations with 2.7% on the headline and 0.4% on the core.
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GBP/USD hits new two-month lows on USD strength, Brexit uncertainty
GBP/USD is trading below 1.2900, at the lowest since February. UK PM Theresa May survived another attempt to oust her and considers bringing the Brexit deal to vote next week. Cross-party talks stalled. US data beat expectations.
Gold remains below $1280, recovery stays limited amid broad USD strength
US Dollar Index extends impressive rally on Thursday. Sour market sentiment helps gold post small gains. Coming up: Weekly jobless claims and durable goods orders data from the U.S.
Crypto Market endures by balancing close to the abyss
The markets open calmly today, a calm tinged with red after the losses of support lines that we saw at the beginning of the week.
Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Crypto Market endures by balancing close to the abyss
The BTC/USD is currently trading at the $5,416 price level after losing the $5.500 support level. Bitcoin has now begun the pattern of reversals that the other leading members of the Crypto board have been experiencing for days.
The third largest bank in Japan to launch blockchain services by leveraging R3’s Marco Polo network
According to CoinDesk Japan, Sumitomo Mitsui Banking Corporation (SMBC), the third largest bank in crypto-progressive Japan is preparing to start offering blockchain services in the course of the second half of 2019.
Ethereum market update: ETH/USD stays above key demand zone – the potential for growth is immense
ETH/USD has continued to correct lower from the highs posted in April. The asset has lost 13.6% of its value in April alone. Attempts to recover and resume the uptrend towards $200 have been thwarted by selling pressure.
Ripple price prediction: XRP/USD recovery fizzles out above $0.3000 – Confluence Detector
Ripple is seen trading at $0.3022 following 0.25% on the day. The subtle upside correction comes after the devastating drop on Wednesday. Ripple explored the levels below $0.3000 and formed a low at $0.2934 before starting to correct higher.
German economic slowdown weighing on the Union, ECB's stimulus more than justified
Indecisive market's behavior at the beginning of the week got sort of a definition Thursday, with the EU Markit preliminary PMI for April. The reports indicated that business activity bounced from March's collapse, but not enough. The index for the German's manufacturing sector barely recovered from a multi-year low and remained well into contraction territory.
GBP/USD is trading around 1.2900 after surrendering to the dollar and as cross-party Brexit talks are not going anywhere fast. The technical levels look bearish.
The Technical Confluences Indicator shows that cable faces resistance at 1.2923 which is the convergence of the Fibonacci 38.2% one-day, the Bollinger Band 1h-Middle, and the BB 1d-Lower.
Further above, fierce resistance awaits at 1.2963 which is a dense cluster including the Simple Moving Average 5-1d, the BB 4h-Middle, the BB 1h-Upper, the SMA 100-1d, the SMA 200-1d, the previous daily high, and the SMA 100-1h.
The door to the downside is more open. Some support is at 1.2890 which is the confluence of the BB 4h-Lower, the previous 4h-low, the BB 1h-Lower, the Pivot Point one-week S2, and the previous daily low.
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