Daily News | US – EU relations heat up | 17.12

Prepare for another dump cycle.
Crypto analyst warns of a nearing Crypto dump.
A popular crypto analyst says Bitcoin is likely on the verge of another major breakdown, alerting some 31,000 followers on Twitter.

US – EU relations heat up.
Dovish ECB and a trade spat may weaken the EUR.
The Euro may fall as the EU-US trade spat hurts already sluggish economic growth, locking in an ultra-dovish ECB stance.

Gold suffers from a lack of panic.
Gold price outlook softens on easing trade tensions, GDP data.
Gold prices may suffer if better-than-expected US economic data and progress on US-China trade negotiations cool 2020 Fed rate cuts.

USD/JPY
USD/JPY has traded sideways in the last session.
The Dollar-Yen pair has traded sideways in the last session. Stochastic is giving a negative signal.

Gold
XAU/USD has gained 0.4% in the last session.
The price of gold has performed a minor correction, gaining 0.4% in the last session. Stochastic is currently overbought.

AUD/USD
AUD/USD has lost 0.5% in the last session.
The Aussie-Dollar pair has lost 0.5% in the last session. The MACD remains negative.

GBP/USD
GBP/USD has skyrocketed 1.1% in the last session.
The Sterling-Dollar pair has skyrocketed 1.1% in the last session. The ATR is signalling high volatility.