EricaVillalon

Market Drivers September 11, 2019 Euro starts to weaken USDJPY at fresh highs Nikkei 0.96% Dax 0.94% UST 10Y 1.72% Oil $58/bbl Gold $1493/oz BTCUSD $10,000 Europe and Asia: No Data USD PPI 8:30 The euro was starting to wobble in early European dealing today as the pair once again drifted towards the key 1,1000 level ahead of the very important ECB rate decision tomorrow. In an otherwise quiet session with little news flow, the EURUSD was markedly weaker trading near the lows of the session as markets anticipated that the central bank would offer a new package of monetary stimulus that would include a rate cut and perhaps the resumption of QE. Many market players are skeptical that any form of monetary stimulus would be of benefit to the region as the Eurozone does not suffer from the availability of credit or liquidity but rather...

Updates on EurGbp @  EURGBP-Erica Villalon The bitcoin price could creep below the $8,000 level soon, according to Mati Greenspan of eToro. The senior market analyst said in a tweet today that bitcoin is looking to test its 200-daily moving average, which reflects the benchmark cryptocurrencies average closing price average over the previous 200 days. At the time his analogy, the 200-daily MA was coinciding with $7,785, as shown in the chart below. Greenspan reminded that the reason for bitcoin’s potential downside action is a prevailing bearish pattern. The descending triangle, as the analyst noted, has a strong tendency to break downwards. It means bitcoin could be retesting its interim support level of circa $9,300, only to extend its slide and set its primary downside target towards the 200-daily MA. Daily Thoughts  @ Erica Villalon Trading  on Market Exchanges depending on what we are trading that day with  volatility