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FXStreet Team
FXStreet
Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
The GBP/USD pair drifts lower to near 1.3460 during the early European trading hours on Thursday. Conflicting rhetoric from the US and Iranian officials about a potential deal fuels market concerns, dragging the British Pound lower against the US Dollar. The US Initial Jobless Claims report will be released later on Thursday.
The Euro trades broadly firm at around 1.1555 against the US Dollar during the Asian trading session. The major currency pair reflects strength as the US Dollar is broadly under pressure due to deteriorating United States employment conditions. At press time, the US Dollar Index (DXY) holds onto two-day losses at around 99.65.
![How Wall Street rigs the game [Video]](https://editorial.fxsstatic.com/images/i/market-chaos-01.jpg)
In this week’s Live from the Vault, Andrew Maguire is joined by Peter Antico and Sean Stone to discuss the Paradigm of Money - an in-depth expose of financial market corruption, from naked shorting to the two-tier system that protects Wall Street.
Ripple and Stellar extend their declines, trading below $1.06 and $0.165, respectively, as selling pressure intensifies. In addition, weakening technical structures and bearish derivatives metrics suggest the correction for both altcoins could deepen if key support levels fail to hold. Derivatives data shows bearish bias among traders.
USD/IDR inches higher after registering nearly 0.5% losses in the previous day, trading around 17,960 during the Asian hours on Thursday. Traders are keeping a close eye on the nomination process following the sudden resignation of Bank Indonesia Governor Perry Warjiyo late last month.
