EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei. European elections are warming up.
GBP/USD is trading in the low 1.2700s, close to the lowest since January. UK PM May is set to present a new plan after cross-party talks failed and as calls for her to quit mount.
Japanese growth optimism in play as risk-on fades amid looming US-China trade risks. Eyes on risk sentiment, trade developments and Fed speak for fresh directives.
Cryptocurrencies have enjoyed a massive comeback early on Sunday, recovering most losses. The cleanup seen ahead of the weekend may be over, and it is time to look up to higher levels. Here are the levels to watch according to the Confluence Detector.
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Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Updating the bullish signal level, now at $8,250 BTC/USD
BTC/USD is currently trading at $7.877 after the morning attempt to beat the long term bullish channel ceiling by $8.240. The Japanese candlestick figure that is being drawn is complete in its upper zone, so if it closes at around $7.250 or lower, it will form a powerful bearish hedge.
Litecoin, currently the 6th largest coin with the current market value of $5.6 billion is changing hands at $90.20, off the Sunday's high $97.17. LTC has lost 2.6% since this time on Sunday and over 4% from the beginning of the day moving in sync with the cryptocurrency market.
Looking at the intraday charts for the major cryptocurrencies, we see red everywhere. Ripple is leading in terms of losses with declines of 5.44% on the first day of the week. Ethereum is not far behind with losses of 4.27% while Bitcoin is trending 3.4% lower on the day.