Ethereum felt rather significantly during the trading session on Friday, as we have seen a decidedly “risk off” type of environment. In fact, Ethereum is down almost 6.5% for the session, as we continue to see Ethereum move back and forth with the overall risk appetite of traders around the world, and of course Ethereum…
The USD/MXN is near the 18.45775 mark as of this writing, but traders need to take a look at the wide spreads in the currency pair before venturing forth with a speculative position today.
Bitcoin initially attempted to rally during the session on Friday but gave back gains rather quickly in order to show signs of negativity. We have plunged below the $120,000 level, which of course is a large, round, psychologically significant figure, and of course where we had bounce from during the previous session. Now that we…
The USD/ZAR is around 17.27700 with a wide spread being seen at this moment, this after the currency pair jumped on Friday to a high of nearly 17.49700 momentarily on heightened rhetoric from the U.S White House.
EUR/USD trades in a narrow channel at around 1.1600 in the European session on Monday after rising 0.5% on Friday. The technical outlook points to buyers’ hesitancy as a key resistance level remains intact.
Whipsaw – trade headlines have triggered wild price action early in the week, and this is only the beginning. A US bank holiday on Monday and the lack of economic data are unlikely to stop the action.