Latest News: USD/JPY
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 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.
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.
The XAU/USD pair closed the fifth straight day in the negative territory on Wednesday and edged lower in the early European session pressured by the broad USD strength to touch its lowest level of 2019 at $1271.
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.
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.
One of the biggest cryptocurrency exchanges, Coinbase, are continuing to expand at a drastic pace. The exchange is now operating crypto-crypto trading in 53 countries, including; India, South Korea, Hong Kong, and Australia, much competition for Binance.