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EUR/USD extends falls after US retail sales beat expectations
EUR/USD extends its falls after US retail sales beat expectations with 1.6% and despite downward revisions. It trades in the low 1.1200s. Earlier, Germany's Manufacturing PMI dropped sent it lower.
GBP/USD struggles around 1.3000 after US retail sales
GBP/USD trades around 1.3000 after US retail sales beat expectations with significant rises. It dipped below the line earlier. UK retail sales also exceeded early projections, but the damp market mood kept it pressured.
USD/JPY keeps the red below 112.00 mark, despite goodish USD uptick/stable equities
The USD/JPY pair trimmed a part of its early slide and recovered around 20-pips from weekly lows, albeit struggled to make its way back above the 112.00 round figure mark.
Gold: Bounce from YTD lows/50% Fibo. support might turn out to be short-lived
The precious metal stalled its recent decline and managed to stage a modest recovery from support marked by 50% Fibo. level of the $1196.40-$1346.85 strong up-move.
XRP make a move and puts the market in take-off mode
The market is a few cents away from going into full bullish mode. The bullish process follows the expected pattern, first XRP, then ETH. BTC must accept the team player role and back up the market.
Top 3 Price Prediction Bitcoin, Ripple, Ethereum: XRP make a move and puts the market in take-off mode
We end the short Easter week of analysis with climbs along the Crypto board but especially in XRP, fulfilling the scenario I set at the beginning of the week. In Tuesday's article, I claimed the need for the XRP to take the initiative and be the trigger for a new bullish stretch in the market.
Ethereum price prediction: ETH/USD retains long-term bullish potential
ETH/USD has settled above $167.00 handle to trade at $172.19 by the time of writing. The second largest digital asset with the market value of $18.1 billion has gained over 2.5% since this time on Wednesday and tested $174 handle during early Asian hours.
South Korea’s Coinnest exchange is shutting down
One of South Korea’s cryptocurrency exchanges, Coinnest is in the middle of halting its services. This comes after an announced published on the exchange’s website on April 16 which stated that it will be shutting down its services citing challenges related to the changes in the crypto industry.