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 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.
MORE NEWS & ANALYSIS
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.
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.
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.