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EUR/USD buyers flirt with resistance-turned-support near 1.0730

EUR/USD buyers flirt with resistance-turned-support near 1.0730

EUR/USD remains sidelined around 1.0730-35 as bulls seek more clues to extend the previous day’s recovery from a 10-week low amid Wednesday’s sluggish Asian session. The Euro pair portrays the market’s anxiety as the key European/US data and events stand ready to prod the market’s momentum.

EUR/USD News

GBP/USD returns above 1.2400 as USD Index retreats ahead of US Employment/Fed’s Beige Book

GBP/USD returns above 1.2400 as USD Index retreats ahead of US Employment/Fed’s Beige Book

The GBP/USD pair has rebounded above the round-level resistance of 1.2400 after a steep correction in the early Tokyo session. The Cable has climbed back above 1.2400 as the US Dollar Index (DXY) has retreated from 104.20.

GBP/USD News

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Bitcoin whales could prevent BTC price first monthly loss of 2023 through this move

Bitcoin whales could prevent BTC price first monthly loss of 2023 through this move

Bitcoin price is inching towards the first monthly loss of 2023. At press time, BTC price is 4.4% below $29,233, its price on May 1. If BTC fails to regain lost ground, the asset is in for its first monthly loss of the year. 

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Cardano price rallies with surge in DEX volume and new meme coin launch

Cardano price rallies with surge in DEX volume and new meme coin launch

Cardano-based decentralized exchange Minswap registered a large spike in transaction volume since the beginning of May. Between May 1 and 30, transaction volume surged from $10 million to $72 million.

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Shiba Inu eyes recovery as holders pull more than 44 trillion tokens off exchanges

Shiba Inu eyes recovery as holders pull more than 44 trillion tokens off exchanges

The reserve of Shiba Inu tokens across cryptocurrency exchange platforms has consistently declined between March and May. SHIB holders have pulled 44.53 trillion tokens off exchanges.

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