EURUSD: Weakly bullish above 1.1018
Natural gas markets shot higher during the trading session on Tuesday after initially pulling back. As we closed out the open pit session, the market is very close to the 50 day EMA.
We did not see a strong move for the EUR/USD at the beginning of this week, with the lack of liquidity amid the holiday in the US markets.
NZDUSD: Evenly balanced but 0.6277 – 0.6250 pivotal
AUDUSD: Evenly balanced but 0.6750 pivotal
USDJPY: Pivotal area from 108.00 to 109.00
Bitcoin: Bulls vs bears from $8,458 to $8,24
USDCAD: Today’s pivotal point likely to be 1.3240 / 50
USDCHF Analysis: Trendless ranging price action
GBPUSD: Volatility expected
EURUSD: Weakly bullish above 1.1018
As Bitcoin struggles to gain traction, Litecoin has been able to use its 8th anniversary and push back above its 38.2 Fibonacci Retracement Fan Resistance Level
Economic data out of New Zealand showed that its service sector continued to expand in September, but at a slightly slower pace.
After the US and China announced that the details of a partial trade deal will be worked out and new tariffs delayed, risk-on sentiment overtook the markets and traders fled safe-haven assets.
With another interest rate cut looming by the US Fed this month, the US Dollar is under bearish pressures.