The U.S. Equity Markets still in fear over US-China Tensions

The day for the popular currency EUR is quiet, there are no material stats scheduled for today so we can have a direction. A turn in momentum towards trade, supported by upbeat economic drivers and on hopes of trade talks restarting to probably give an end to the trade war before the end of this year.

The probable sentiment towards trade and the possibility of the negative impact on the Eurozone’s economy will continue to be a short term driver, the EU is still on Trump’s trade war list. The technical view of the EUR is that the popular currency was up about 0.10% to $1.1683. For the GBP, economic data are scheduled for later this morning includes August retail sales figures that will probably give us the direction, forecasts have been negative again. We can expect positive numbers to have a short time impact on the Pound, with Brexit news to continue to be in focus.

Monero (XMR) will change hands at $111.60, of this week's low reached $103.30. Monero witch is the 10th largest coin by market cap has little changed since yesterday due to the low volatility. Monero's market value is now at $1.8B with daily trading volumes about $37M. It's roughly in balance with the longer-term average amounts. Now Monero is probably the main focus now due to another hacking scandal. According to the latest research of Cyber Threat Alliance, crypto hackers are mining Monero and some other coins by exploiting the vulnerabilities of US government software that was stolen last year. The software in question is the Eternal Blue tool that gives hackers the ability to find the weak spots in outdated Microsoft Systems software and gain computing power of unsuspecting users to mine their digital coins. Last July this year, about 85% of all illegal crypto mining activities were related to Monero.