Forex & Financial news and FxPro analytics

– Ebay reversed from strong resistance level 67.45 – Likely to fall to support level 64.00 Ebay recently reversed down twice from the strong resistance level 67.45 (which stopped the previous impulse wave 3) intersecting with the upper daily Bollinger.

– EURSUD reversed from resistance level 1.0875 – Likely to fall to support level 1.0800 EURSUD currency pair recently reversed down from the key resistance level 1.0875 (former support from the start of August) standing near the 38.2% Fibonacci correction of.

The German Producer Price Index fell more than expected, increasing the likelihood of further monetary policy easing in the eurozone. This weakened the euro against the dollar, with a potential path towards lower support levels.

Market Picture The crypto market has maintained its upward trajectory, with total capitalisation up more than 7% in seven days to $2.39 trillion, the highest since late July. The Cryptocurrency Fear and Greed Index is in the 71-73 (greed) range.

The key events for the market this week will be the interest rate decision from the People’s Bank of China on Monday and the Bank of Canada’s rate decision on Wednesday, where there may be a fourth cut this year,.

Oil has lost around 8% since Monday, experiencing downward momentum at the beginning and end of the week. It ended the week below $73 per barrel Brent. The price of oil had risen rapidly in early October. However, all bullish.

Dollar The dollar has been on an impressive streak, gaining almost daily, particularly against emerging market currencies. This is the currency market’s reaction to Trump’s higher chances of winning the presidential race, fuelled by his promises of increased trade tariffs..

Market picture The crypto market has gained around 8% over the past seven days, stabilising near $2.30 trillion over this week and reaching a capitalisation of $2.32 trillion at the time of writing on Friday. The sentiment index is firmly.

– Apple reversed from key resistance level 237.00 – Likely to fall to support level 227.00 Apple recently reversed down from the key resistance level 237.00 (which stopped the previous sharp impulse wave (1) in the middle of July) standing well above.

– Aig reversed from support level 76.60 – Likely to rise to resistance level 79.65 Aig recently reversed up from the pivotal support level 76.60 (former strong resistance level which stopped the previous impulse wave (1)) at the end of August. The.

Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring the local highs of late September, while Bitcoin continues to climb. The pause in overall growth has led to a 2-point dip in the Cryptocurrency.

– GBPCAD reversed from resistance zone – Likely to fall to support level 1.7750 GBPCAD currency pair recently reversed down from the key resistance zone between the strong resistance level 1.8085 (which stopped the previous impulse wave i) and the upper.