Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Market updates on October 18
Information is not investment advice
EU economic summit – all day
Speech by the FOMC member Clarida – 18:30 MT (15:30 GMT)
Speech by the BOE Governor Mark Carney – 20:45 MT (17:45 GMT)
- Brexit news continues to move the market ahead of the significant vote on Saturday. The GBP/USD pair has been trading between the support at 1.2838 and the resistance at 1.2890. If the resistance at 1.2890 is broken, the next resistance will be placed at 1.2920. After that, the retest of the levels close to 1.2970 seems possible. From the downside, the breakout of the 1.2838 level may lead bears to move towards 1.2749.
- After the test of the 108.92 level, USD/JPY slid lower to the 108.46 support level. If it is broken, bears may take over the market and pull the pair lower to 108.16. The next support will be placed at 107.79. In case of an alternative scenario, the pair may break the 108.92 level and rise above the 200-period SMA to the next resistance level at 109.45. If we look at oscillators, we can see that RSI is moving close to the overbought zone.
Similar
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
The US national GDP is in focus next week
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
Choose your payment system
