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GBP/USD jumps above 1.2850 on Brexit, Bailey
GBP/USD turned positive and soared above 1.2850 after BOE’s Governor Bailey said mention to negative rates does not imply use. EU’s Barnier heading to London for informal trade talks, as negotiations reportedly going “a bit” better.
EUR/USD hits six-week lows below 1.1750 amid dollar demand
EUR/USD is trading at the weakest levels in six weeks below 1.1750 amid resurgent US dollar demand despite the upbeat market mood. Concerns over COVID-19 resurgence in Europe continue to weigh on the euro.
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CRYPTO KEYS
Crypto market shrinks while Bitcoin grows
The war for market share, expressed through the dominance charts, confirmed the offensive launched by Bitcoin days ago and sent Ethereum to the critical support level at 12.32, the same level where Ethereum's decline found ground the last six times.
DOT poised to rush to $3 as social volume tanks
Polkadot has been on the retreat since it traded an all-time high at $6.88 on September 1. The initial drop in the first week of September embraced support at $3.50.
Cryptocurrency projects jumping off the Ethereum ship due to high transaction fees
The mushrooming DeFi projects built on Ethereum cause the network overload and kill all the blockchain's advantages over the traditional banking exchange systems.