The recovery in the EUR/USD pair from near 1.1235 lows appears to have gained traction in the European trading, as the bulls now look to regain control above the 1.1250 barrier amid renewed US dollar weakness across the board and ahead of the US existing homes sales data.
The GBP/USD pair continues to consolidate in a 10-pips slim range below 1.3000 so far this session, as the bulls lack momentum amid no fresh catalysts and marginal volatility. Next of relevance is US data while the key UK cross-party Brexit talks remain in focus this week.
Japanese Nikkei moved marginally higher, also US Treasury yields in thin market conditions. US to release minor macroeconomic data as markets slowly return to normal.
The precious metal was seen trying to build on Friday's attempted bounce from a support marked by 50% Fibonacci retracement level of the $1196-$1347 recent up-move.
Bitcoin (BTC) topped at $5,360 and has been moving lower ever since. Generally, the price is oscillating in a tight range limited by $5,200 on the downside and $5,300 on the upside.
Bitcoin experienced its biggest bull rally at the end of 2017 where it hit highs close to $20,000. An analyst says that that particular bull rally was based on nothing other than speculation. However, the largest did not stay up for as it reversed the trend throughout 2018 to the extent of trading lows close to $3,000.
NEO is doing well with nearly 3% growth since the beginning of the day. The 17th largest coin with the current market value of $705 million surpassed $10.90 handle, which increased the bullish bias. At the time of writing the coin is changing hands at $10.90 amid growing volatility.
The 15-minutes chart for ETH/USD shows an asset that is correcting higher within a rising channel. From the support established at $167, Ethereum scaled the levels at $170 and even tested the next resistance at $173.00.