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EUR/USD stays near 1.0650 after German and EU PMI data
EUR/USD continues to trade at around 1.0650 in the European session on Friday. The PMI data from Germany and the Eurozone showed a recovery in the service sector's business activity in early August, helping the Euro hold its ground.
GBP/USD stays weak below 1.2300 after UK Retail Sales data, PMIs eyed
GBP/USD is trading depressed below 1.2270, well within the striking distance of a multi-month low set on Thursday. Discouraging UK Retail Sales data weighs on the pair after a surprise BoE pause. The focus shifts to UK/ US PMI data.
Space ID price succumbs to selling pressure with $3.54 million worth of ID tokens unlocked in a cliff event
Space ID (ID) price remains bullish based on the Parabolic SAR price-tracking indicator, which continues to track ID price from below. However, the token is trading at a value that is significantly lower than its rate 24 hours ago, an outcome attributed to its scheduled token unlocks event.
Quant price maintains steady multi-month downtrend but 60% of QNT holders remain above water
Quant (QNT) price is trading with a bearish bias, a steady state that has prevailed for the most part of the year. Despite the downtrend, the majority of QNT token holders remain above water, sitting on unrealized profit.
Optimism receives backlash after decision to split 116 million OP tokens for treasury management
Optimism network recently announced the sale of 116 million OP tokens valued at around $162.4 million in a private sale to seven purchasers for treasury management. While the transaction was not expected to impact OP price, it has provoked backlash from onlookers.