FOMC Meetings Minutes failed to impress, reiterating Chiefs Powell well-known message: risks come from abroad, chances of recession are limited, economy overall healthy. EUR/USD holding around 1.0980.

The GBP/USD pair remains at the lower end of its daily range, having a hard time to hold above the 1.22 figure amid stalemate Brexit negotiations hinting a hard-landing by the end of the month.

In the past, the SEC have cited exchange manipulation and mispricing as a reason to knock back the decision but this time that reason could be obsolete as there are new futures products and custody agreements in place.

Gold was seen oscillating in a narrow trading band through the early European session on Wednesday and consolidated the overnight goodish move up back closer to weekly tops.

AUD/USD lower on US/Sino trade-talk fall-out news

Breaking: US and China make no progress on key trade issues in two days of deputy-level talks – SCMP Sources

Breaking: The SEC has rejected the latest Bitwise Bitcoin ETF bid

Brexit headlines centred around a Brexit extension/general election

HANDS-ON Trading Workshop Survival to Mastery in Action

Bring your Laptop and Learn how to take advantage of the Markets where Money Never Sleeps.

The cryptocurrencies market has technical analysts under pressure by staying too close to the critical supports that jeopardize the bullish trend that started last December.

At the time of writing, TRX/USD is changing hands at $0.0166. The coin has gained nearly 4% in recent 24 hours and settled above critical SMA50 (Simple Moving Average) on a daily chart.

Ripples XRP took off from the Asian low of $0.2740, but the upside may be limited as the price is moving closer to a stiff resistance created by the long-term sloping trendline.

ETH peaked at $185.30 on October 8 and retreated to $184.00 by the time of writing. The second-largest digital asset with the current market value of $19.6 has gained 2% both on a day-on-day basis and since the beginning of Wednesday.

EUR/USD Analysis: recovering within range, short-term bearish

GBP/USD Analysis: Brexit turmoil keeps pressuring the Pound

Australian Dollar steady despite weak consumer sentiment

Australian Dollar steady despite weak consumer sentiment

EUR/USD: US growth concerns spooked dollar bulls

Fears about a US recession put the greenback under pressure but didnt affect the trend

The EUR/USD pair is closing the week with gains around the 1.0960 level, after bottoming at a fresh multi-year low of 1.0878. The greenback was able to appreciate just Monday when disappointing German data and political turmoil fueled the dollars momentum. Throughout these last few days, macroeconomic data disappointed from both shores of the Atlantic, as the latest ISM Manufacturing and Non-Manufacturing indexes fell, reviving concerns about the US economic health.

EUR/USD has been on the back foot following a risk-off mood stemming from worsening relations between the US and China. Where next? Technicals are pointing to strong support and resistance lines in the immediate vicinity of the current price. Once the currency pair picks a direction, it may move quickly. To which direction? Resistance looks more robust than support.

The Technical Confluences Indicator is showing that EUR/USD faces fierce resistance at 1.0972, which is a dense cluster of lines including the Bollinger Band 15-minutes-Upper, the Simple Moving Average 5-one-day, the SMA 10-4h, the Fibonacci 38.2% one-month, the Fibonacci 23.6% one-week, the SMA 200-15m, the Bollinger Band 4h-Middle, and the all-important Fibonacci 61.8% one-day.

If it breaks higher, it has room to run, targeting 1.1028, which is the convergence of the Fibonacci 61.8% one-month, the Pivot Point one-week Resistance 1, and the PP one-day R2.

Sports Trading for Beginners: Start making money with your first Sports trading strategy

Forex Order Flow: What You Need to Know to Take Advantage of the Crowds Mistakes

The 5 Ws of Trading (when, what, where, who, why)

2019 FXStreet All Rights Reserved

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.