Dogecoin (DOGE) is trading at $0.1525 at the time of writing on Friday, as bears tighten their grip. Demand for Dogecoin has remained significantly suppressed since the October 10 flash crash, which liquidated over $19 billion in crypto assets on a single day.
Upward momentum continues to increase; if Euro (EUR) closes above 1.1620, it could lead to a move toward 1.1655, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week.
Bitcoin (BTC) price continues to trade in green above $91,500 at the time of writing on Thursday after rebounding from the key support level.
The Euro is trimming some losses against the British Pound on Wednesday, and reaches prices above 0.8790 after bouncing from three-week lows near 0.8760.
USD/JPY makes a U-turn and tumbles over 0.54% on Tuesday as investors grew confident that the Federal Reserve will cut rates at the December meeting, following a soft US inflation report, along with weaker than expected Retail Sales.
The US Dollar (USD) extended its intense pullback as investors assessed the softer US data releases and increasing bets for further interest rate cuts by the Federal Reserve.
Euro (EUR) is likely to consolidate between 1.1495 and 1.1545. In the longer run, the likelihood of EUR breaking below 1.1470 has increased; EUR must close below 1.1470 before further declines are likely, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Silver (XAG/USD) rallies sharply during the North American session, edged up more than 2.50% after bouncing off daily lows of $49.73 and trades at $51.37 at the time of writing.
Euro (EUR) could test the 1.1490 level again; the major support at 1.1470 is unlikely to come under threat.
Bitcoin (BTC) price continues its downward slide, trading near $82,000 at the time of writing on Friday and plunging to seven-month lows as bearish sentiment tightens its grip on the crypto market.
The Euro snapped a four-day rally against the Japanese Yen on Friday and is dropping about 0.7% on the day so far, reaching session lows at 180.30.
Euro (EUR) appears to have entered a consolidation phase between 1.1505 and 1.1550. In the longer run, the bias for EUR has shifted to the downside; it is too early to tell if it can reach 1.1470, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The GBP/JPY extended its rally for the fourth straight day, yet it trades below the 206.00 figure after refreshing yearly highs at 206.86 on Thursday. At the time of writing, the cross-pair trades at 205.85 up 0.49%.
Euro (EUR) could test 1.1500 before rebounding; the major support at 1.1470 is unlikely to come under threat. In the longer run, the bias for EUR has shifted to the downside; it is too early to tell if it can reach 1.1470, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
SPX6900 (SPX) price is holding near $0.58 at the time of writing on Thursday after rebounding from a key support zone earlier this week.
The US Dollar (USD) added to the ongoing recovery, hitting new multi-day highs and surpassing its critical 200-day SMA despite declining US Treasury yields and amid rising caution prior to the release of Thursday’s Nonfarm Payrolls (NFP).
There is a chance for Euro (EUR) to test 1.1560; the major support at 1.1540 is unlikely to come into view. EUR is expected to trade in a range between 1.1540 and 1.1640, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Aussie Dollar is trimming some of the previous day’s losses against the NZD on Wednesday.
The US Dollar (USD) traded in a slightly constructive tone, extending its recent advance on Tuesday, all against the backdrop of a persistent risk-off sentiment and steady caution ahead of key data releases on the US docket.
The slight increase in downward momentum suggests Euro (EUR) could edge lower; any decline is likely limited to a test of 1.1570. In the longer run, EUR is expected to trade in a range between 1.1540 and 1.1640, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The US Dollar (USD) managed to regain fresh upside impulse on Monday, rebounding from recent multi-day lows as market participants continued to gauge upcoming US data releases and the likelihood of further rate cuts by the Federal Reserve.
The current price movements are likely part of a range-trading phase between 1.1595 and 1.1645.
Bitcoin (BTC) market structure continues to deteriorate as the capitulation phase begins to take shape, with BTC sliding below $97,000 on Friday and extending losses to more than 7% so far this week.
The Euro-Pound rally from Monday’s lows at 0.8770 has been capped nearly 100 pips higher, at 0.8865 on Friday, with the Euro struggling amid the risk-off sentiment, although downside attempts remain contained above Thursday’s low, at 0.8815, as dismal UK data and renewed fiscal concerns keep GBP bul
There is scope for Euro (EUR) to test the 1.1655 level again; the next resistance at 1.1685 is unlikely to come under threat.