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EUR/USD tests descending channel’s upper boundary near 1.1250

EUR/USD tests descending channel’s upper boundary near 1.1250

EUR/USD remains steady after registering more than 0.50% gains in the previous session, trading around 1.1240 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a bearish bias is in play, as the pair continues to trade lower within a descending channel pattern.

GBP/USD surrenders some gains, returns to 1.3340

GBP/USD surrenders some gains, returns to 1.3340

GBP/USD continues to shed ground following earlier tops above the 1.3400 mark on Monday, approaching the 1.3340 zone following a gradual recovery in the Greenback as investors continue to assess Moody’s decision to downgrade the US credit rating.

Gold price sticks to intraday losses amid positive risk tone; holds above $3,200

Gold price sticks to intraday losses amid positive risk tone; holds above $3,200

Gold price maintains its offered tone through the Asian session on Tuesday though it manages to hold above the $3,200 round figure. Against the backdrop of rising trade optimism, hopes for a Russia-Ukraine ceasefire remain supportive of a positive risk tone.

Solana set for a consensus switch with the introduction of Alpenglow

Solana set for a consensus switch with the introduction of Alpenglow

Solana (SOL) showed signs of recovery in the American trading session on Monday following the introduction of a new consensus protocol, Alpenglow, which would replace the network's current Proof-of-History and TowerBFT mechanisms. 

China April slowdown shows the impact of economic uncertainty

China April slowdown shows the impact of economic uncertainty

Trade war uncertainty is denting Chinese confidence, resulting in slower economic activity in April. Retail sales and fixed-asset investment both underperformed forecasts amid heightened caution. Yet the impact on manufacturing was less than feared.

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