GBP/USD has kicked off the new week with a drop below 1.26 as Brexit optimism fades. Intense weekend talks have failed to result in an accord. Negotiations continue ahead of the EU Summit.
EUR/UDS is trading around 1.1030, little changed. Markets are digesting the US-Sino handshake deal that prevents new US tariffs that were planned for Tuesday. Euro-zone industrial output is due out.
Markets are cautious regarding the US-Sino partial trade deal. The worlds largest economy agreed on a hand-shake agreement which is yet to be written. It includes a Chinese commitment to buy agrifoods.
FXStreets team has attended the Delta Summit on blockchain and innovation held in Malta in early October. We had the opportunity to speak with top representatives of different projects and companies.
TRON price analysis: TRX/USD may retest the recent high
USD/JPY retreats from 2-1/2 month tops, still comfortable above 108.00 handle
Recovery in EUR/USD could extend to 1.1110 Commerzbank
EOS mainnet used in tokenizing Deutsche Bank bond
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Bitcoin upward movement continues to be limited under the 23.6% Fib retracement level we discussed earlier today. A shallow recovery from the recent deep is unable to sustain gains above $8,300. For now, the price is likely to remain pivotal at $8,300.
Ripples XRP broke free from the long-term triangle pattern and hit $0.2860 during early Asian hours. The now the third-largest digital asset with the current market value of $12.2 billion has gained nearly 4% in recent 24 hours and became one of the best …
At the time of writing, TRX/USD is changing hands at $0.0166. The coin has gained over 4.5% in seven 24 days, and the upside momentum is still strong. Currently, TRON takes 11th place in the global cryptocurrency market rating with a market value of $1.1 billion and an average daily trading value of $638 million.
The Deutsche Bank dBonds team has successfully tokenized the banks bond on EOS mainnet. The tokenization took place in collaboration with Queen Street Finance, an authorized UK-based custodian. Queen Street Finance already has a stablecoin digital asset DUSD that runs on EOS protocol.
Risk-on has taken over the financial sphere these last couple of days, on encouraging news coming from the two big turmoil fronts, Brexit and the trade war between the US and China. The EUR/USD pair has advanced for a second consecutive week, recovering the 1.1000 threshold and rallying to 1.1062, on hopes both ships will reach good port.
GBP/USD has been on the back foot at the beginning of the new week as reports from the intense weekend talks suggest not enough progress has been made. What levels should we watch?
The Technical Confluences Indicator is showing that GBP/USD enjoys significant support at 1.2587, which is a dense cluster including the previous monthly high, the Fibonacci 23.6% one-week, the previous four-hour low, the Fibonacci 38.2% one-day, the Simple Moving average 100-15m, and the Pivot Point one-month Resistance 1.
Further support awaits at 1.2515, which is the meeting point of the Fibonacci 38.2% one-week and the Fibonacci 61.8% one-day.
The initial upside target is 1.2640, which is where the SMA 5-4h and the Fibonacci 23.6% one-day converge.
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