Financial News

Crypto Technicals: XTZ/USD soars over 30% as Coinbase announces secure staking rewards on Tezos

XTZ/USD chart - Trading View

Exchange - Kraken

Support: 1.0403 (100-DMA); Resistance: 1.1433 (200-DMA)

Technical Analysis: Bias Bullish

Tezos spiked over 30% since Wednesday from around $0.90 to highs of $1.2522.

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Australian trade balance lifts back above $7bn in Sep, comfortably beating market expectations

Australian trade balance lifted back above $7bn in September, comfortably beating market expectations; the country’s August surplus was revised up by nearly $700 million, ANZ Research reported.

The monthly trade surplus rose to $7180 million in September, a decent gain on the upwardly revised August result and matching the more than $7,000 million monthly surpluses recorded in June and July.

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Crypto Technicals: BTC/USD extends range trade between major moving averages, bias neutral

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 9169.23 (200-DMA); Resistance: 9584.38 (100-DMA)

Technical Analysis: Bias neutral

BTC/USD is extending sideways grind, trades directionless around 5-DMA.

Price action remains capped between major moving averages and breakout required for clear directional bias.

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Asia Roundup: Antipodeans ease amid lingering doubts over U.S.-China trade talks, euro at 3-week low ahead of German industrial data, investors eye BoE monetary policy decision - Thursday, November 7th, 2019

Market Roundup

  • Oil unchanged amid caution over trade talks
  • BoE’s Monetary Policy Committee to keep the Bank Rate at 0.75%

Economic Data Ahead

  • (0200 ET/0700 GMT) German Industrial Production
  • (0330 ET/0830 GMT) UK Halifax house prices
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FxWirePro: Most Asian markets in red, gold trades flat at $1,490 mark

Most of the Asian indices were trading on a lower note on Thursday. Gold was trading around $1,490 mark while silver was trading around $17.60 mark.

Japan’s Nikkei was trading 0.08 pct lower at 23,285.50 points.

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