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EUR/USD makes a U-turn, focus on 1.1900
EUR/USD’s recovery picks up further pace, prompting the pair to retarget the key 1.1900 barrier amid further loss of momentum in the US Dollar on Wednesday. Moving forward, investors are expected to remain focused on upcoming labour market figures and the always relevant US CPI prints on Thursday and Friday, respectively.
GBP/USD sticks to the bullish tone near 1.3660
GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.
XRP sell-off deepens amid weak retail interest, risk-off sentiment
Ripple (XRP) is edging lower around $1.36 at the time of writing on Wednesday, weighed down by low retail interest and macroeconomic uncertainty, which is accelerating risk-off sentiment.
Crypto Today: Bitcoin, Ethereum, XRP extend sell-off amid negative funding rates
Bitcoin is down 15% in February and looks poised to extend its losses toward the yearly low of $60,000. Ethereum and Ripple are following in Bitcoin's footsteps, weighed down by a weak derivatives market.
Hyperliquid tests key support as sell-side pressure intensifies
Hyerliquid (HYPE) drops to its 50-day Exponential Moving Average (EMA) at $28.85 at the time of writing on Wednesday, extending a decline of roughly 10% so far this week.