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Editors’ Picks
EUR/USD falls below 1.1250 as US retail sales beat expectations
EUR/USD is trading below 1.1250, extending its slide. US retail sales beat expectations with the control group rising by 0.5% in May on top of upward revisions. US-Sino trade tensions are in play.
GBP/USD falls towards 1.2600 after US retail sales
GBP/USD is trading closer to 1.2600, around the weekly lows. US retail sales beat expectations and trade tensions also boost the USD. The UK is bracing for Boris Johnson to become PM. US consumer confidence is next.
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Bitcoin market overview: BTC/USD bull rally loading or bull trap?
The formation of a rising wedge pattern for BTC/USD trading pair suggests the largest crypto’s rally above $8,000 might not last long. At present, BTC is 9% higher from the weekend low slightly above $7,500. The same $7,500 support anchored Bitcoin declines on June 6.
Ethereum purchases could soon launch on Amazon courtesy of two startups’ partnership
According to a press release on Friday, crypto payments firm, CLIC Technology is forming a partnership with a B2B platform Opporty that will see the development of a browser like extension that will enable Amazon customers to pay for their online shopping using Ethereum.
Government and financial regulators in Brazil exploring use of Blockchain
The government and financial authorities in Brazil are working on a project for the development of a regulatory sandbox type model. They are keen to target new technologies such as blockchain.