Intraday bias is to the downside as long as 1.3381 holds, a deeper pull back can be seen to 1.3162 first and then to 1.3065 support. in the bigger picture, another rally still can be seen to 1.3636 on a break of last week top of 1.3381, but for now a consolidation with a downside
The GBPUSD recovery from 1.3101 can still extend higher to 1.3350 but 1.3475 should hold and bring back downside resumption, in the bigger picture a break of last week low of 1.3101 could send the pair to 1.3000 level first then to 1.2875 next.
The EUR versus the USD made a double bottom last week at 1.1507 but the upside recovery should be limited to 1.1850 resistance to bring back fall resumption. to the downside, a break of 1.1507 should send the pair lower to 1.1450 first, then to 1.1422.
New Zealand’s economy expanded by 0.5 percent in the first quarter of 2018, meeting market expectations, but the economy is growing a bit below trend and it is expected to struggle to achieve strong rates of growth from here.
Prices of bitcoin surged to a new record-highon Wednesday, surpassing the recently reached $10,000 mark, to $12,000, gainingjust over $500 since the day’s open and a gain of more than 4% overall. The digital currency rose more than 10 times from $1,000 since the start of the year. According to a report from the BPI,
Australia gross domestic product (GDP) rose 0.6% q/q in the third-quarter of this year, missing market expectations of 0.7% q/q/ growth, down from revised 0.9% q/q increase seen the previous quarter. On an annual basis, it climbed 2.8% y/y, which is lower than the Reuters’ median consensus of 3% y/y growth, but it is way
Euro up vs the greenback after two straight days of losses USD/CAD gains ahead of BoC’s monetary policy decision AUD slides after reading lower-than-expected Q3 GDP EUR/USD: The euro traded higher vs the greenback during an early trading session Wednesday as the latter suffered after gaining for two successive days on progress in the tax
The AUDUSD rose by 14 pips from today’s London session low of 0.7601 following the disappointing news that the U.S. ISM Non-Manufacturing Composite rose by 57.4 vs. the 59 anticipated in a Bloomberg poll. The disappointing news appears to have trigger profit taking in the AUDUSD, which declined sharply today from a London morning high