Due to potential strong upside condition and potential completion of the downside correction, I see further upside movement...
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EUR/USD drops toward 1.0850 as USD finds fresh buyers
EUR/USD inches lower to near 1.0850 in the European session on Monday. A renewed US Dollar uptick amid a slightly negative shift in risk sentiment and Trump trade optimism weigh on the pair. All eyes remain on the Fedspeak, in the absence of top-tier data releases.
GBP/USD falls below 1.3050 on resurgent US Dollar demand
GBP/USD falls back below 1.3050 in European trading on Monday, undermined by a modest USD strength. The fundamental backdrop supports prospects for a further depreciating mov, as markets remain risk-averse ahead of the upcoming Fedspeak.
Gold price sticks to gains near all-time peak, renewed USD buying caps gains
Gold price scales higher for the fifth straight day – also marking the seventh day of a positive move in the previous eight – and touches a fresh record high, around the $2,732-2,733 region on the first day of a new week.
Could BTC reach its all-time high of $73,777?
Bitcoin is approaching the resistance level of around $70,000. A firm close above this mark could trigger a rally to retest its all-time high. Ethereum is nearing its descending trendline, with a break and close above signaling a potential rally.
If at first you don’t succeed, keep trying, so the story goes in China
Asian stocks saw a solid lift today, riding the coattails of Wall Street’s rally, but a welcome spark came from China’s big banks slashing their benchmark lending rates. This move injected a fresh wave of optimism into markets, fueling the hope that China’s recent stimulus efforts might finally be gaining economic traction.
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