Latest News: Institutional Research
EUR/USD is extending its losses below 1.1100 as markets await forward-looking German PMIs. Later, the ECB minutes may shed light on the next moves by the bank.
GBP/USD is trading above 1.2100, steady. After German Chancellor Merkel offered UK PM Johnson 30 days to solve the Irish Backstop problem, Johnson meets French President Macron.
Bitcoin has had an overwhelmingly bearish day wherein its price dropped from $10,771 to $10,135, reaching a low of $9,856. Over the last 2 days, Bitcoin has canceled out the gains made by the bulls in the 5 days before that.
Bears continue to have a stranglehold on the market as the cryptos bled for the third straight day. The top three coins experienced heavy losses over the last three days. LEO was the biggest loser among the top 20.
XRP/USD has fallen from $0.266 to $0.265 in the early hours of Thursday. Over the last four days, the price of Ripple has fallen from $0.284 to $0.265. The hourly breakdown for Wednesday shows that the price fell from $0.274 to $0.26.