Latest News: Commodities
EUR/USD is trading above 1.1050, within familiar ranges. The US Senate's support of Hong Kong protesters has aggravated tensions with China. The Federal Reserve's meeting minutes are eyed.
GBP/USD is trading closer to 1.29, after Labour leader Corbyn beat expectations in his debate with PM Johnson. Further opinion polls are awaited.
The cryptocurrency market is neither bearish or bullish during the European trading hours on Wednesday. The low trading activity is a break from two days of a continued selloff, especially for the major cryptocurrencies.
Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $3.5 billion, has been moving inside a range with bearish bias during early Asian hours. LTC/USD bottomed at $54.23 on Tuesday and recovered to $55.21 by press time.
EOS is taking a breather after a couple of days of constant battering. The downtrend is as a result of the rejection that took place at $3.69 (November high). The 50 SMA and the 100 SMA on the 4-hour chart failed to hold leading to declines below the trendline support.