EUR/USD remains trapped n a tight range above the 1.12 handle, lacking a clear direction amid broad-based US dollar strength and increased nervousness heading into Thursday's ECB policy decision.
The GBP/USD pair drops further towards 1.2450 region, as the pound remains pressured amid fresh UK political jitters ahead of the UK PM election outcome on Tuesday, with Johnson's leadership almost priced-in.
BTC/USD trading pair failed to sustain gains above $11,000 during last weekend’s breakout out. A retracement from the highs at $11,123 found balance at the 100 Simple Moving Average (SMA) allowing for correction above $10,500.
By comparison, last week saw BTC/USD trade as high as $11,060 and as low as $9,125. The motivation, analysts mostly agreed, was regulatory uncertainty as the United States Congress met several times to debate the impact of both cryptocurrency and Facebook’s Libra digital currency.
Ethereum, the second-largest cryptocurrency with the current market capitalization of $24.2 billion, settled above $225.00; however, the further recovery is limited. ETH/USD is moving in lockstep with Bitcoin (BTC) and the rest of the cryptocurrency market ...