AUD/USD's bounce from two-week lows once again fizzled above the 0.6850 barrier, as the US-China trade uncertainties continue to dent the appetite for risk currencies such as the AUD. Also, weak Australian wages data keeps the upside attempts capped.
USD/JPY bounced-off the10-DMA support near 108.85 and regained the 109 handle, despite the risk-off action in the Asian equities and US equity futures amid trade deal uncertainty. The bulls seem to have found some support from higher US Treasury yields.
Bitcoin is lethargic above $8,700 but $9,000 must be broken for bulls to have a clear path of sight leading to $10,000. The descending channel resistance has been tested numerously. A break above this channel could finally place Bitcoin in trajectory towards $14,000.
Monero is arguably the biggest single-digit gainer among the major cryptocurrencies on Wednesday. In a gloomy crypto market, XMR is posting at least a 2% growth on the day. The Asian trading session was characterized by bullish muscle-flexing which ...
Litecoin is trading above a long-term descending trendline resistance but $70 hurdle remains unconquered. LYC/USD continues to battle bearish pressure in a bid to stay above $60. The formation of a rising wedge ...