Merlin Rothfeld
Online Trading Academy
As their value continues to increase exponentially, more and more people are talking about Bitcoin, Ethereum, Litecoin, Ripple and the many other cryptocurrencies that are being created every day. But what are they exactly? How do you purchase them? Where do you keep them and who will accept them as payment? Watch this webinar with our expert, Merlin Rothfeld, to learn the basics of cryptocurrencies.
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Editors’ Picks
EUR/USD keeps the bid bias in place
EUR/USD surpassed the 1.1600 barrier once again, although it failed to extend the move further north in quite a firm start to the week. The renewed weakness around the Greenback allowed spot and the risk complex in general to regain composure and leave behind the recent drop.
GBP/USD remains well bid near 1.3600
GBP/USD now attempts to consolidate its promising start to the week, hovering around the key 1.3600 zone and following the broad-based upbeat tone in the risk complex. Cable's positive price action comes in tandem with fresh selling pressure on the Greenback and easing fears on the Middle East front.
USD/JPY gives back early gains ahead of BoJ-Fed monetary policy decision
The USD/JPY pair surrenders its early gains and flattens around 144.15 during European trading hours on Monday. The pair faces selling pressure as the US Dollar falls back after failing to extend Friday’s recovery move.
Editors’ Picks
AUD/USD: Next on the upside comes 0.6690
AUD/USD rapidly left behind Friday’s pronounced decline and regained strong impulse on Monday, surpassing the 0.6500 barrier with certain conviction and reaching new peaks around 0.6550. The move higher in spot was propped up by extra losses in the US Dollar and a generalised risk-on mood.
EUR/USD keeps the bid bias in place
EUR/USD surpassed the 1.1600 barrier once again, although it failed to extend the move further north in quite a firm start to the week. The renewed weakness around the Greenback allowed spot and the risk complex in general to regain composure and leave behind the recent drop.
Gold slips back to daily lows, looks at $3,380
Gold keeps its offered stance on Monday, and is now drifting lower to the area of daily troughs around $3,380 per troy ounce against the backdrop of persistent risk-on sentiment and shrinking effervescence in the Middle East. Furthermore, the tepid bounce in US yields across the board also contributes to the decline in the precious metal.
Ripple Price Prediction: XRP flaunts potential breakout to $3.00 on surging risk appetite
Ripple (XRP) flaunts a short-term bullish outlook as part of the recovery from the sell-off encountered last week after Israel launched attacks on Iran, escalating geopolitical tensions in the Middle East.
Chinese data suggests economy on track to hit 2025 growth target
China's May data was mixed with strong retail sales, but soft readings on fixed-asset investment and property price. Overall, though, data suggests that China remains on track to achieve its growth target in the first half of 2025.
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