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Friday’s down move was amidst decreasing open interest despite a build in volume. In the very near term, GBP/USD is seen sidelined, although further weakness on Brexit headlines could certainly weigh on sentiment.

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The Turkish Lira is giving away part of last Friday’s gains and is now pushing USD/TRY to test the 6.62 area, below session tops around 6.73.

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With dollar demand intact the gold bears remain in control of the markets. Markets have traded south of $1200 most of the day completely ignoring trade ware risk with traders taking cues for the stronger dollar.

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USD/CHF bulls are buying in the lower end of the channel as they are trying to create a bull reversal.

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Right now, AUD/USD moves back towards the lows seen in mid-August and the sellers look poised to test support and bids at the 0.7200 handle again. The year's low so far was at 0.7203 just shy of the figure handle - where barrier options are reportedly sitting as well.

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24-hour view: “EUR eased off from a high of 1.1718 and the major resistance indicated at 1.1745/50 yesterday was unchallenged. Upward momentum has eased and 1.1718 is viewed as a short-term top.

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Ethereum was seen nursing losses of over 2%, in somewhat of a muted trading session. ETH/USD price action is kept limited within an ascending channel, as seen with its cousin Bitcoin.

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As the Australian Dollar has been weakened by Central Bank speculation this week, the Euro to Australian Dollar (EUR/AUD) exchange rate’s movement could see another shift if Friday’s Eurozone data influences European Central Bank (ECB) speculation too.

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USD/JPY had been contained between the daily Ichimoku cloud lockdown at 110.65-111.62 and the Kijun around 111 the figure.

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The USD/CAD pair continued with its steady climb from an intraday low level of 1.2903 and refreshes session tops during the early North-American session.

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Although the 2018 crypto bear market seems to be fraught with bad news, there have been some less obvious benefits. As it turns out, the decline in Bitcoin prices has been increasingly beneficial to the development and functionality of the Bitcoin network.

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The Turkish lira fell against the greenback, with USD/TRY rising 2.07% to 6.1013. The lira has been under pressure over the last few weeks as the U.S. and Turkey disagree over a detained American pastor.

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EUR/USD rose 0.52% to $1.1684 following better-than-expected business confidence in Germany, the eurozone’s largest economy.

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The GBP/USD broke above 1.2860/65 and climbed to 1.2892, the strongest level since last Thursday. As of writing it was trading around day’s highs and near the 1.2900 handle.

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Unless closing beyond $1206 on a weekly basis, the Gold prices can keep being seller's favorite.

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Crude oil prices enjoyed an impressive rally yesterday, with Brent rose most in two month. The price has edged above the $75 figure, but struggles to stay above this level on Thursday. The corrective moves look limited so far, but the retreat could deepen in the short term.

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Expectation for sideway trading yesterday was clearly wrong as AUD plunged and hit an overnight low of 0.7240. The subsequent weak daily closing (NY close of 0.7249) suggests pressure is firmly on the downside.

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The Turkish currency has this year lost 38 percent of its value against the dollar in a crisis fueled both by investor concern over Erdogan's influence on monetary policy as well as the deepening row with the United States. U.S. President Donald Trump on Monday ruled out concessions to Ankara in return for the release of the pastor Andrew Brunson, who is being...