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EUR/USD extends gains to 1.1200 on sliding US yields, weak data
EUR/USD is trading close to 1.1200, in the wake of the European session as US yields continue falling. The European Parliament elections are in play. US durable goods fell short of expectations with -2.1%.
GBP/USD off the highs as May announces stepping down on June 7th
GBP/USD is trading below 1.2700 after a quick rise to the upside as UK PM Theresa May announced she will step down on June 7th with Boris Johnson set to take over.
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Top 3 Price Prediction Bitcoin, Ripple, Ethereum: The market may surprise on the upside in the next few hours with BTC/USD topping $8,250
After the strongly bullish days of the beginning of the month, cryptos have reached critical levels of resistance that mark the border between the technically bullish zone and the current one – the change of tendency and the resurgence of the bulls.
Bitcoin quickly attracts demand in a downturn, buying pressure is growing
On Friday morning, Bitcoin again tries to climb above $8,000. The decline to $7,500 the day before attracted new buyers, as a result, BTC increases by 5% and trading at arm's length from $8,000. Once again, the coin was helped by investors seeking to enter the market on drawdowns.
Ripple extends rebound, targets $0.4 heading into the weekend
Following its impressive rally witnessed during the first half of May, Ripple staged a deep correction but was able to find support near $0.36. Although it rose to $0.43 last weekend, the XRP/USD pair failed to hold above the $0.4 mark and turned south this week.