Central banks and politics could cause turmoil, but no longer can spur growth. Growth is far worse than what the numbers show, recession at risk of materializing.
GBP/USD is trading above 1.3055, above the lows. The EU will reportedly allow a Brexit extension to May 22nd, conditional on Parliament's approval of the deal. The USD is also taking a breather from its recovery.
EUR/USD falls below 1.1350, extending the drop. The Fed surprised with a dovish twist, signaling no hikes in 2019 but it is staging an impressive recovery. Brexit uncertainty also weighs.
US markets have come storming back this afternoon after a mixed day for Wall Street yesterday. While banks are suffering on concerns that a more dovish interest rate outlook will hurt performance...
The UK has inflation steady just below 2.0%, solid wages' growth, upbeat retail sales, and a not-that-dovish BoE, yet at the end of the day, nothing really matters.
SPECIAL YEARLY FORECAST
The United States economy broke out of its decade-long slough in 2018 with its strongest growth since the financial crisis and recession.
Top 3 Price Prediction Bitcoin, Ripple, Ethereum: It doesn’t look that way, but the market goes into bullish mode
BTC/USD is currently trading at $4.033 after yesterday's high of $4.046. The buyer side is not reacting to the break, and the current consolidation of the $4,000 and has not even attempted to attack the next level despite being just $4 away from it.
Ripple market update: XRP/USD triangle breakout loses steam as SBI tightens collaboration with Ripple
The much-awaited contracting triangle breakout finally occurred during the Asian session on Thursday. Unfortunately, no significant movement was made above the immediate resistance at $0.32. Ripple has formed a high at $0.3215 before correcting lower 0.53% on the day.
Twitter CEO Jack Dorsey’s Square to work on “open source contributions to the bitcoin/crypto ecosystem.”
The CEO of the social media giant Twitter Jack Dorsey shared the news that his second company, Square was going to hire between three to four blockchain engineers who will work on “open source contributions to the bitcoin/crypto ecosystem.”
This year 2019 is going to be an essential one for Bitcoin without no doubt. After more than ten months of continuous falls, the next twelve months will be decisive for the long-term future of Bitcoin.
EUR gained as a result of Pound upsurge, still lacking self-strength
It was a tough week for the greenback, which remained out of the market's favor after the mixed employment report released in the previous week, and weaker-than-expected US data released throughout the week. American CPI increased by 1.5% YoY in February, while the core reading printed 2.1%, below the previous estimate of 2.2%, slightly below the market's expectations.
GBP/USD was unable to take full advantage of the Fed's dovish decision as Brexit remains in the air. Eight days to the official exit date and UK PM May blamed MPs for the mayhem as she asked for a short extension. However, the technical picture remains favorable to the bulls.
The Technical Confluences Indicator shows that cable enjoys a considerable cushion at 1.3217 where we see the convergence of the Simple Moving Average 100-15m, the SMA 10-1h, the Fibonacci 23.6% one-month, the Bollinger Band 15min-Middle, the previous 4h-low, the BB 15min-Lower, the SMA 5-4h, and the SMA 50-15m.
The next support line is significantly lower, but still quite substantial. 1.3135 is the confluence of the Fibonacci 38.2% one-month, the Pivot Point one-day Support 1, and the Fibonacci 61.8% one-week.
Looking up, resistance is much weaker than the support lines mentioned above. 1.3286 is the first hurdle, where we see the meeting point of the previous daily high and the Fibonacci 23.6% one-week.
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