Weekly Cryptonews
Bitcoin could not resist the $10,924 level and fell below the 50-day SMA on Tuesday.
Market updates on June 21
· The prices for crude oil jumped to its highest levels since the end of May due to the escalation of tensions in the Middle East. Yesterday, Trump approved military strikes against Iran, but then pulled back.
· On H4, the price for WTI has tested the resistance at $57.35 (200-period SMA). If this level is broken, the next resistance for bulls in focus will lie at $58.85-59.45. If bears take over the market, they will try to pull the price for crude to the support at $56.73. If it’s broken, the next support will lie at $56.
· Brent oil successfully stuck above the 100-period SMA on H4 yesterday. Now, it is moving towards the resistance at $65.95. After the break of $64.97 level, the next key level for bulls will lie at $65.95 and $66.64 (200-period SMA). From the downside, the levels are $64.51 and $63.41.
· Gold has failed to reach the old resistance at $1,423 and bounced from the $1,404 level to $1,387. If this level is broken, the yellow metal will fall as far as the level at $1,366 will be reached. Otherwise, bulls will try to retest the highs above the $1,404 level.
· The weak USD sent USD/JPY pair lower. The flow into the safe-haven yen moved the pair to the old support at 107.12. If the pair continues to fall, we may see it reaching the 106.86 level. From the upside, we can see the resistance levels at 107.47, 107.79 and 108.33.
Similar
The CAD falls on the weaker-than-expected retail figures
The level of retail sales released today came out lower than the forecasts.
Market updates on July 19
Will Friday be more optimistic for the USD?
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold ascends on Brexit jitters
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
Deposit with your local payment systems
