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EUR/USD: Fed uncertainty and geopolitical turmoil behind dull trading Premium
The EUR/USD pair fell to a fresh January low of 1.1593, closing the week a handful of pips above the 1.1600 mark. Sellers defended the upside at around the 1.1700 level for a second consecutive week, despite broad US Dollar (USD) weakness.
GBP/USD: Pound Sterling remains under pressure against US Dollar Premium
The Pound Sterling (GBP) started off the week on a firm footing against the US Dollar (USD) and jumped to 1.3486 on Monday, following criminal charges against Federal Reserve’s (Fed) Chair Jerome Powell over cost overrun in the reconstruction of Washington’s headquarters.
Dash Price Forecast: DASH defies headwinds, paces toward $100
Dash extends its rally, reaching an intraday high of $96.85 despite the broader crypto market correcting. Retail interest in DASH explodes as futures Open Interest soars to $165 million.
XRP slides below 50-day EMA as selling pressure intensifies
Ripple is edging lower toward the pivotal $2.00 level at the time of writing on Friday, marking three consecutive days of declines. The sell-off extends across the crypto market, with Bitcoin falling toward $95,000 and Ethereum pressing down on support at $3,300.
Pi Network consolidates as momentum shift flashes downside risk
Pi Network (PI) is trading near the $0.2000 psychological support level at press time on Friday, extending its nearly month-long consolidation. Large deposits over centralized exchanges accepting PI tokens suggest a sell-side bias among holders.