Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Market updates on September 25
Information is not investment advice
Key events ahead:
Speech by the FOMC member Evans – 15:00 MT (12:00 GMT);
Speech by the FOMC member George – 17:00 MT (14:00 GMT);
Crude oil inventories – 17:30 MT (14:30 GMT);
US President Donald Trump meets Japan’s Prime Minister – 19:10 MT (16:10 GMT)
US President Donald Trump holds a press conference – 23:00 MT (20:00 GMT)
- USD/JPY has risen towards the resistance at 107.43 (100-period SMA on H4). The pair has been correcting to the downside with the support at 107.23 in focus. In case of more geopolitical uncertainties resulting in the risk-off mood, the 107.23 level will be broken and the next support in focus will be placed at 106.95. After that, the next key level will lie at 106.76 (200-period SMA and the lower border of the descending channel). If bulls take bake their positions, the retest of the 107.43 level seems likely. Further resistance level will be situated at 107.54. Strong bullish pressure may push the pair even higher towards the upper border of the descending channel and the resistance level at 107.67.
- GBP/USD jumped yesterday on the Supreme Court’s decision to stop the prorogation of UK Parliament by Boris Johnson. The pair could not hold its positions after the UK 30-year gilt yields fell to the lowest level since September 4. The cable has fallen below the 50-period SMA to the support at 1.2437. If this level is broken, the next support will lie at 1.2414. This level is also the neckline of the head and shoulders pattern on H4. Reaching the neckline may signal the bullish weakness. Next, the support level from September 17 at 1.2391 will be targeted. Pay attention to the news as it is expected that the UK government will make a push for an election vote this Thursday.
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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.
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