Forex Market Analysis 2/22/2019

BitcoinBitcoin has gained 1% in the last session the ATR is showing low volatility.

AUDUSD has traded sideways in the last session the RSI settles in the positive area.

EURUSD has shown slight gains in recent sessions 0.1% in the last session stochastic settles in the positive area.

Crude oil has bounced upwards in the last session gaining 1.5% the CCI enters the positive area.

 

German gross domestic product at 7:00 GMT.

 

German IFO business climate at 9:00 GMT.

Eurozone’s Consumer Price Index at 10:00 GMT.

UK CBI distributive trade survey realized at 11:00 GMT.

Canadian retail sales at 13:30 GMT.

 

Crude prices rose two percent with Brent hitting its highest this year on hopes that all markets will balance later this year.

Crypto markets continue to gain speed with Bitcoin and most altcoins gaining over 1%.

World stocks hit four months high on hopes for progress in trade talks between the United States and China.