The pair is at a fresh March low, and while the decline is slow motion and a bearish breakout is still far away, the risk is now skewed to the downside.
The greenback's recovery accelerated in the US afternoon, pushing GBP/USD to fresh daily lows sub-1.4000, Pound weak on diminished chances of a BOE hike.
The USD/JPY pair stalled its daily recovery around 106.60, trading below it for most of the US session, but in the green for the day.
Bitcoin price has strengthened its position above $8,000. The price is currently trading in a ranging channel on Tuesday with the upside gains capped below $8,600 while the lows are protected at $8,362.
Ripple price analysis: XRP/USD unable to hold on to early gains, several confluences on daily time frame for bearish trend to continue
The Ripple price is seen down around 4% on Tuesday, after initially starting the day in the green. There was a brief rally seen yesterday, after the bears dominated the markets over these last weeks.
EOS price is skyrocketing on Tuesday: EOS/USD price up 20% in the wake of G20 summit in Buenos Aires
EOS is the best performer among the top ten coins in the market on Tuesday. The cryptocurrency is up by 20% just a day after the G20 summit. The upside momentum was initiated the day before the summit on March 18 when...
Bitcoin Cash price analysis: BCH/USD in trading head-and-shoulder pattern, encounters high resistance at $1,000 level
Bitcoin Cash price the 1,000 level on during Tuesday morning trading session, however, the bulls failed to sustain the gains. The currency declined to complete the head in the forming head-and-shoulder pattern.
Investors sentiment in Germany and the Eurozone deteriorated sharply in March as US-led global trade conflict spurs concerns about the exports and the strength of Euro that is hampering the economic outlook for Germany and the Eurozone.
Sterling’s appreciation at the beginning of this year has finally fed into lower import prices bringing the UK inflation to 2.7% y/y while core inflation decelerated to 2.4% in February.
The Bank of Japan new Deputy Governors Amamiya and Wakatabe proved very dovish while emphasizing their readiness to add the monetary stimulus to achieve 2% inflation target.
The macro calendar is empty in the US before Federal Reserve Bank meeting on Wednesday.Read Full Report
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