FxAnalysis

Strong operational results and over 50% EPS growth at Amazon fuel a bullish pre-earnings setup. Is it time to go long before earnings data is released?

The EUR/USD pair nears 1.1600 early in the American session on Tuesday, as the US Dollar (USD) trades with a firmer tone across the FX board. Easing trade tensions between China and the United States (US) provides near-term support to the Greenback in the absence of other news.

The departure of Netflix’s Chief Product Officer casts a shadow over its evolving content, while optimism over advertising competes with competition in streaming. Will earnings data force a sell-off?

EUR/JPY is pulling back from the ¥176 level but remains in a long-term uptrend, with support at the gap near ¥173.25 and the rising 50-day EMA around ¥174.22.

GBP/USD trades quietly near the midpoint of its consolidation range, with traders watching for a breakout as questions remain about the dollar’s next move.

Bitcoin rallied above $110,000 on Monday, rebounding from the 200-day EMA, with a potential breakout above $114,000 opening the door to $123,000.