- EURJPY, EURUSD triangles begin to favor more downside.

- EURGBP double top remains valid towards 0.7063.

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USD/JPY extends recovery after testing 155.00 on likely Japanese intervention

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USD/JPY is recovering ground after crashing to 155.00 on what seemed like a Japanese FX intervention. The Yen tumbled in early trades amid news that Japan's PM lost 3 key seats in the by-election. Holiday-thinned trading exaggerates the USD/JPY price action. 

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Gold tests critical daily support line, will it defend?

Gold tests critical daily support line, will it defend?

Gold price is seeing a negative start to a new week on Monday, having booked a weekly loss. Gold price bears the brunt of resurgent US Dollar (USD) demand and a risk-on market mood amid Japanese holiday-thinned market conditions.

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XRP plunges to $0.50, wipes out recent gains as Ripple community debates ETHgate impact

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Ripple loses all gains from the past seven days, trading at $0.50 early on Monday. XRP holders have their eyes peeled for the Securities and Exchange Commission filing of opposition brief to Ripple’s motion to strike expert testimony. 

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Week ahead: FOMC and jobs data in sight

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May kicks off with the Federal Open Market Committee meeting and will be one to watch, scheduled to make the airwaves on Wednesday. It’s pretty much a sealed deal for a no-change decision at this week’s meeting.

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