On Friday, the cryptocurrency market halted its decline somewhat, and we see attempts to develop a corrective movement in major cryptos.
In general, FOREX market hasn’t been active so much this week. On Friday, most major currencies are trade in tight ranges and what is most interesting point, within one percent of the weekly open level. We recall that the first 2019 full-active trading week was much more intense and volatile. It seems that the markets took a breather to reflect on the current situation, or a local balance of power has emerged amid information vacuum at the end of the trading week. All of stated above applies to all FX instruments, with the exception of the British pound, that presented the expected but no less interesting surprise.
Yesterday it was a pretty quiet trading session for European currency as EUR/USD pair spent the day within tight formation and closed around 1.1380 hurdle with a minor decline 0.05%.
Sellers attacked 59.50 yesterday, however, the EMA200 stopped them and rejected the benchmark upwards. Brent quickly reached 61.50 afterwards.
Gold continued its bullish consolidation yesterday. The spot spent the day in a tight range between 1295 and 1290.
The NZD remained under heavy selling pressure yesterday.
