The EUR/USD is trading at $1.2350, ticking down from the lows as US Durable Goods Orders beat expectations with 3.1% against 1.5% expected and core orders are up 1.2% instead of 0.5% projected. Earlier, the euro advanced as the mood improved.
The USD/USD is trading around ¥105.20, extending its recovery from the 16-month lows at ¥104.63 after US Durable Goods Orders came out better than expected on all figures and enjoyed upward revisions.
The USD/CAD pair came under some intense selling pressure during the early NA session and tumbled back closer to previous session's swing lows.
The GBP/USD is trading around $1.4130, slightly off the highs after US Durable Goods Orders beat expectations on both headline and core figures. Earlier, the pair recovered alongside stocks.
Asian trading has opened with news coming from Nikkei about the FSA (Japanese financial regulator) warning Binance of irregular activities in Japan. Less than two hours later, the company has denied having received any notification from the FSA, accusing Nikkei of publishing fake news. Such announcement has triggered a 4% dip in the BTC/USD, towards the $8350.
Ripple price is encountering selling pressure in a market where bulls remain battered by the sellers. The crypto did not manage to rise above $0.7000 during trading on Thursday. There was a downside wave that swept the price towards the current support level at $0.6100.
Ethereum Classic has lost over 13% since it peaked at $21.43 on March 21. The ETC losses seem to be less acute than those of other altcoins, but in general, the virtual currency is moving in lockstep with the rest of the cryptocurrency markets.
NEO is among the worst performers of the crypto universe as the coin 6.5% lower from the start of the day. Regulatory issues related to Binance, the largest cryptocurrency exchange by trading volume, may have affected NEO, as over 31% of all NEO transactions are processed on this exchange.
Global stock markets continue to sell off on Friday with European indices falling to about 1-year low after Asian indices slumped steeply lower on fears of trade wars escalating after China retaliated the trade tariffs.
Japanese Yen is a clear beneficiary of the risk aversion increasing, appreciating against the US Dollar to the highest level since November 2016.
With the European economic calendar almost empty the Canadian retail sales and inflation and the US durable goods orders headline this Friday.Read Full Report