EUR/USD is stable around 1.1200 amid mixed EU elections in which main parties lost ground to both centrist and extreme ones. Trump said he hopes for a deal with China. Liquidity is thin due to a UK holiday.
GBP/USD has fallen below 1.2700 as markets digest the EU elections and see a growing chance of a hard Brexit after Farage's victory. The USD is gaining strength amid trade concerns.
Bitcoin is trading above $8,700, the highest since May 16th, 2018, just over one year. The granddaddy of cryptocurrencies not only surged above the previous cycle high of $8,388 but also above the July 2018 peak of $8,474.
The early hours of Saturday have turned out to be very fruitful for the crypto market. Not only are the top three coins performing well, but there are some big winners in the top 20 list as well.
LTC/USD went up from $100.50 to $104 this Saturday. The bulls need to overcome the resistance level at $107. The market is trending above the 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves.