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EUR/USD defends 1.0700 amid weaker US Dollar, EU data eyed

EUR/USD defends 1.0700 amid weaker US Dollar, EU data eyed

EUR/USD is trading modestly flat above 1.0700, finding support from a broad US Dollar weakness and the hawkish ECB expectations ahead of the mid-tier EU data this Tuesday. The market mood remains cautious, limiting the upside in the major. 

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GBP/USD bears on the prowl at resistance

GBP/USD bears on the prowl at resistance

GBP/USD started the week off by dropping below 1.24, approaching a two-month low of 1.2306 reached on May 25th, as investors perceive a narrowing interest rate gap between the US and the UK. However, the Pound recovered those losses on the back of the weaker US dollar and data that put the Fed back into the spotlight on a dovish tip.

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Cardano network’s Charles Hoskinson warns traders against AI token scams ahead of Apple developer conference

Cardano network’s Charles Hoskinson warns traders against AI token scams ahead of Apple developer conference

Charles Hoskinson, the founder of Cardano, has warned the crypto trading community against scams. With market participants watching the upcoming Apple 2023 WWDC lined up for Monday, there is a rally in artificial intelligence-based (AI) tokens.

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Terra LUNA Classic price on the rise as Montenegro court approves Do Kwon’s second bail request

Terra LUNA Classic price on the rise as Montenegro court approves Do Kwon’s second bail request

Terra LUNA Classic price yielded double-digit gains overnight for holders. LUNC price rallied in response to the recent development in Do Kwon’s bail request. The next hearing in Kwon’s case is June 16. 

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Pro-XRP attorney says Ripple has 25% chance of winning against SEC, Judge could announce verdict by September

Pro-XRP attorney says Ripple has 25% chance of winning against SEC, Judge could announce verdict by September

Ripple has a 25% chance of winning its legal battle against  the US Securities & Exchange Commission (SEC), according to pro-XRP attorney John Deaton. Over the weekend, Deaton shared his opinion on Ripple’s likelihood of both an outright win and a partial victory. 

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