EUR/USD has extended its gains after the Fed opened the door to cutting interest rates, stating that uncertainties have increased. Markets are awaiting EU leaders to divvy up top jobs.
GBP/USD retreats below 1.2700. after the BOE downgraded Q2 forecasts, noting downside risks have increased. Boris Johnson won the fourth round of the Conservative Contest in which Sajid Javid was eliminated.
Bitcoin price action in the past three months has sparked a lot of interest from both the experts in the industry as well as from the traditional institutional clients. Some of the biggest believers of Bitcoin are the Winklevoss twins with one of the twins Tyler sharing his sentiments concerning the direction of Bitcoin following the recent surge.
Ripple news driven surge has already weakened giving way to losses. I would like to think traders rushed to take profits following more than a week of the price being pivotal at $0.40.
Litecoin has been caught in the market’s broad-based indecision and directionless motion. The trading activity across the board has decreased considerably.