Current trend The ETH/USD pair declined within the correction to the global uptrend, consolidating around 3285.00. Since September 7, the instrument has already lost more than 19%. Experts call the possible introduction of a tax on cryptocurrencies in the US one of the possible reasons for the dynamics for the entire sector. Yesterday, Bloomberg, regarding the...
AUD is trading near 0.7350 in the Asian session. Market activity at the beginning of the week remains moderate, as the macroeconomic calendar is almost empty. Traders continue to discuss the prospects for reducing existing incentives from the world's leading financial regulators. It is assumed that this week the European Central Bank (ECB) may announce a...
Current trend EUR shows insignificant growth against USD during today's Asian session, developing a weak corrective impetus formed yesterday. Since the beginning of the week, EUR has been actively declining, like most other currencies paired with USD, waiting for new drivers to appear on the market. Yesterday, investors were focused on the results of the meeting...
Current trend Today, during the Asian session, silver prices show negative dynamics, consolidating below the psychological mark of $24 per troy ounce and renewing local lows since the beginning of the month. The pressure on the quotes of the instrument, also to USD growth, is also exerted by the increase in the yield of Treasury bonds, which renew their weekly...
XRP/USD, D1 The XRP/USD pair moves within the corrective sideways channel, reversing downwards at 1.1146. A sideways range forms on the global chart, and after yesterday's sharp decline, the price reached its support line level. Technical indicators are in the state of a buy signal but are already ready for a reversal: Alligator indicator's EMA fluctuations...
Current trend Gold prices are consolidating after an active decline during the trading session on Tuesday, again trying to consolidate above the psychological level of 1800.00. A noticeable pressure on the asset's position yesterday was exerted by the fact of the correctional rise of USD against its main competitors. The market also reacts to the growth of...
Current trend EUR is showing weak gains against USD during the Asian session, recovering from the correctional decline the day before, which did not allow the instrument to consolidate at its Friday highs. At the end of last week, USD came under pressure amid the publication of weak US employment data for August. However, active USD sales were soon replaced by a...
Current trend USD is marginally strengthening against JPY in Asian trading, correcting after a moderate decline late last week, when a weak US labor market report for August triggered a new wave of sales, which, however, was limited by weak data from Japan. In particular, Jibun Bank Services PMI in August fell sharply from 47.4 to 42.9 points, which turned out to...
Current trend Due to USD weakening, the USD/CHF pair demonstrates local sideways dynamics, trading at 0.9143. USD falls amid a decline in market participants' confidence in the US Federal Reserve. The regulator's decision not to take any emergency measures to counter inflation growth will harm the asset for a long time to come. In the short term, the key factor...
Current trend Today during the Asian session, gold prices show ambiguous trading dynamics in the short term, still holding close to the psychological level of $1800.00 per troy ounce. Market participants expect the final report on the US labor market in US next Friday, suggesting that the data may provide some clarity on the prospects for tightening monetary...
Current trend Today, during the Asian session, the EUR/USD shows flat trading dynamics, consolidating around 1.1800 and waiting for new drivers to appear on the market. EUR looks quite attractive, as USD is still under pressure after the speech of the head of the US Federal Reserve, Jerome Powell, at the end of last trading week at the annual symposium in...
Current trend Today during the Asian session, the USD/CHF pair moderately decline, correcting after active growth on Monday. USD is under pressure from the recent speech of the US Federal Reserve Chairman, Jerome Powell, at the annual symposium in Jackson Hole. Yesterday’s macroeconomic statistics did not support USD. Thus, US Pending Home Sales for July...
Current trend Due to USD decline, the AUD/USD pair corrects, trading at the level of 0.7299. A new wave of the coronavirus pandemic in Australia is intensifying. Still, now the main focus of infection is not the capital region but the state of New South Wales, in which 1035 new cases of infection were detected over the past day. As economic statistics show,...
Current trend For two months, the pair USD/TRY has been trading in a downtrend and is currently at 8.3984 (Murrey ). This week, the lira was supported by officials’ statements. Turkish Vice President Fuat Oktay said the country's economy will continue to recover. In Q1, it already grew by 7%, and in the future, the pace will accelerate further due to an...
Current trend The XAG/USD pair has been moving within a downtrend for the third month in a row. For the last three weeks, the price has been around the reversal level of 23.43 ( ) and has not yet been able to break it. The key “bullish” level is 24.21 ( ), supported by the middle line of Bollinger Bands. A consolidation above it allows further growth within the...
Current trend This week, the pair XRP/USD again tested the level of 1.2980 (0.0% Fibo retracement), but could not break it and began a rollback. Nevertheless, it is too early to talk about the reversal of the uptrend. A noticeable correction to 0.9765 (Murrey ), 0.8275 (61.8% Fibo retracement) and 0.7812 (Murrey ) will be possible if the price consolidates...
Current trend The ETH/USD pair grows for the fifth week in a row in line with the general market trend. Currently, growth has slowed down. The price tests the level of 3330.00, but it cannot yet consolidate above it. If successful, the quotes will continue to strengthen to 3750.00 (Murrey ) and 4062.50 (Murrey ). The key “bearish” level is 3125.00 (Murrey ,...
Current trend Today, during the Asian session, the AUD/USD pair is recovering, testing the level of 0.7150 a breakout. The development of the upward dynamics is facilitated by the corrective USD sentiments, which grew against most of its competitors at the end of the last week. On Monday, more active AUD growth is hindered by poor macroeconomic statistics from...