EUR/USD is trading below 1.1150, consolidating its losses. Markets are stalling ahead of the all-important US GDP report which carries high expectations. Some suspect a "sell the fact" response in reaction to an OK number.
GBP/USD is trading around 1.2900, recovering the lost ground after hitting two-month lows. The Brexit impasse weighs as the main parties have not made progress. The anticipation to US GDP limits movements.
Japanese data was mixed, with Tokyo inflation up but factory output collapsing. US advanced Q1 GDP foreseen up by 2.1% vs. the previous quarter 2.2%.
King Dollar reigns supreme, especially against the euro, pound, and Aussie, as markets await the US GDP. Bitcoin is falling while gold is on the rise. Everything you need to know.
US economic growth forecast to be stable in the first quarter. Improved consumer attitudes and retail sales give reason for optimism. Labor market key to economic growth.
We come to the end of the analysis week, and the Crypto market accelerates the reversal and consolidation process that started last week. The bullish green dominated yesterday at the end of the US session in a typical bearish break confirmation move.
The cryptocurrency community is ending the week in shock following reports of Bitfinex exchange covering up for an $850 million shortfall in its issued Tether (USDT) stablecoin. Investors reacted across the board as the prices plummeted considerably.
The cryptocurrency market is dealing with the aftermath of the allegations facing Tether (USDT) and Bitfinex following a new filing by the New York Attorney General’s office. The two entities are accused of covering up a shortfall of $850 million in funds to pay for customer withdraws.