Cryptocurrency prices are trading mostly unchanged on Wednesday, led by the No.1 digital currency, which is oscillating on either side of $3,600.
The U.S. dollar remained under pressure during Wednesday’s session, even as the appetite for risk that had defined morning trading across assets turned sour.
The eurozone economy doesn’t appear to be snapping back from its second-half slowdown. Investors wonder whether European Central Bank President Mario Draghi will declare that risks to the eurozone economy have shifted to the downside.
Gold markets pulled back a bit during the trading session on Wednesday, testing the $1280 level again. By doing so, we may be offering a bit of value, but will have to wait and see whether or not we can stay above the hammer candle from Tuesday.
Kuroda suggested early during Wednesday trading that extraordinary liquidity measures will still need to be in place as there are massive rest of the global financial system. This has thrown a bit of a monkey wrench into the Japanese yen situation, and the ¥110 level should offer resistance.
The British pound broke above the 200 day EMA during the trading session on Wednesday as the Labour Party in the UK suggested that they are willing to get behind a delay in the Brexit. This is a major turn of events and could send the British pound much higher.
The British pound broke out against the Japanese yen again, breaking the ¥143 level. It looks as if we are testing the 200 day EMA rather soon, so that of course will be an area that is important. Beyond that, the British pound has rallied significantly against most currencies as Labour looks set to agree to a delay of the Brexit.
The Euro pulled back slightly to kick off the session on Wednesday I believe that the market will eventually grind its way higher.
The Australian dollar initially rallied during the trading session on Wednesday but pulled back a bit to form a less than impressive candlestick. The 50 day EMA is just above, so it’s likely that we will probably continue to see a bit of resistance and that area.
BRUSSELS (Reuters) - Euro zone consumer confidence rose in January from a sharply revised December number, figures released on Wednesday showed. The European Commission said a flash estimate showed euro ...
Investing.com - One step forward, two steps back: Precious metals kept up with their trend of slight back-to-back gains and losses on Wednesday. The issue is an uncertain outlook for risk given the drag on everything from Brexit to China trade talks.
Investing.com – The U.S. dollar was under pressure Wednesday against a basket of major currencies following a sharp rise in the pound on fading worries the U.K. will leave the European Union without a trade deal.