EUR/USD is trading closer to 1.1030, the lowest since mid-October. Contradicting headlines regarding the state of US-Sino trade talks have been rocking markets. US Consumer Sentiment is eyed.
GBP/USD is consolidating its losses around 1.28 after the BOE painted a gloomier picture of the economy. Both main political parties are struggling with scandals as the countdown to the election continues.
The Canadian labor economy is expected to create 15,900 jobs in October after adding 53,700 in September and 81,100 in August. The unemployment rate should be unchanged at 5.5%.
Bitcoin is declining rapidly. At the time of writing, the first digital coin is trading close to critical $9,000, down 2% since the beginning of the day. The downside momentum has been gaining traction after the price broke below critical SMA200 (Simple Moving Average) on a daily chart.
Ripple’s XRP price is not doing well despite the reports that XRP cross-borders transfers in selected regions such Mexico and the Philippines are surging. The prevailing trend is extremely bearish.
ETH/USD topped at $194.80 on November 6 and retreated to $185.98 by the time of writing. The second-largest digital asset with the current market value of $20.3 billion has lost 1.3% of its value on a day-to-day basis, following the global trends on the cryptocurrency market.
CURRENCIES FORECAST POLL 菲彩平台登录网址娱乐代理菲彩平台登录网址平台官网
The American dollar gave back its previous weekly gains, ending this one down against all of its major rivals. The decline was caused by China casting doubts about a long-term trade deal with the US, and comments from US Federal Reserve Chief, Jerome Powell. The EUR/USD pair finished the week with gains at around 1.1130.
FOREX INDICATOR: CONFLUENCES 菲彩平台登录网址官方登录菲彩平台登录网址娱乐代理
GBP/USD has been on the back foot after the Bank of England painted a gloomy picture of the economy and two members voted for a cut. Where next?
The Technical Confluences Indicator is showing that GBP/USD is struggling at the region around 1.2817, which includes the Fibonacci 38.2% one-day, the Simple Moving Average 100-15m, the SMA 5-4h, the Bollinger Band 15min-Upper, the Fibonacci 23.6% one-month, the BB 1h-Middle, the SMA 5-15m, the SMA 10-15m, the Fibonacci 23.6% one-day, and others.
Below, weak support awaits at 1.2737, which is where the Pivot Point one-week Support 2 and the PP one-day S2 converge.
Strong support awaits at 1.2702, which is the confluence of the Fibonacci 161.8% one-week, the Fibonacci 38.2% one-month, and the PP one-day Support 3.
Looking up, GBP/USD faces resistance at 1.2877, which is the convergence of the SMA 100-1h and the SMA 5-one-day.
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