EUR/USD is trading near the bottom of the September range, which is near the yearly low at 1.1663. The short-term sentiment remains neutral with a bearish bias as the pair has attracted sellers near the moderately bearish 20 SMA at 1.1720.
Australian Retail Sales for August decreased 1.7% monthly. Economists predicted a decrease of 2.5% monthly. Forex traders can compare this to Australian Retail Sales for July, which decreased 2.7% monthly.
After cryptocurrencies plunged by a broader margin than other assets, some traders may bottom fish the Top 10 cryptocurrencies. The risk remains to the downside as the global risk-off sentiment that accelerated in September is set to continue, and the cryptocurrency market ranks among the most vulnerable ones. Bitcoin has led the march lower, and traders should expect a sustained breakdown below 40,000 after price action dipped below it earlier today before a massive recovery spiked it over 10% from its intra-day low. Ethereum may witness a rise in selling pressure, driven by its bearish head-and-shoulder chart pattern.
New Zealand Westpac Consumer Confidence for the third quarter was reported at 102.7. Forex traders can compare this to New Zealand Westpac Consumer Confidence for the second quarter, reported at 107.1. New Zealand Credit Card Spending for August decreased 6.3% annualized. Forex traders can compare this to New Zealand Credit Card Spending for July, which increased 6.9% annualized.
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