EOS/USD Exchange rate
Editors’ Picks
AUD/USD consolidates losses near two-month lows
The AUD/USD pair extended its recent sharp pullback from levels beyond the 0.7400 mark and witnessed some heavy selling for the fifth consecutive session. The downward momentum pushed the pair to two-month lows, around the 0.7030 level, closer to a previous strong resistance breakpoint.
EUR/USD bounces from fresh lows, risk skewed to the downside
EUR/USD trades in the 1.1670 price zone, as demand for the greenback eased during US trading hours, following dismal US employment-related data.
XAU/USD catches a bid at $1850 but the retracement may not be over
Gold has been moving in a downward trajectory since the greenback strength kicked in on 1st September. Since then, the greenback has broken out of consolidation zones in EUR/USD and most of the other majors.
Bitcoin and Ethereum rebound strongly and are poised for further gains
Bitcoin confirmed a 4-hour bear flag that got almost no continuation and went straight into a massive move towards $10,700. Similarly, Ethereum also bounced back up, although its bounce is comparatively weaker, it is trading at $347.
WTI: Oil sellers face rejection below $39.30 for third straight day
WTI fades the drop to sub-$39.30 levels for the third consecutive day. The repeated bear failure may entice buyers and yield a bounce. However, Sept. 18 high remains a level to beat for the bulls.