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EUR/USD remains pressured below 1.0450, fading Friday’s rebound, as the US dollar sees fresh demand amid a cautious market mood and light trading conditions. Recession fears and Fed-ECB policy contrast will keep favoring the dollar. Eurozone Sentix eyed.
GBP/USD licks its wounds around 1.2100, as investors stalk the US dollar amid growing growth fears. Another attempt to oust UK PNM Johnson and looming Brexit woes keep the upside elusive in cable. Thinner liquidity conditions will prevail amid the US holiday.
Former Chief Robert Cohen believes the Securities & Exchange Commission's (SEC) ’s case against payment giant Ripple is key, however the outcome may not be as significant. The regulator is likely to file a motion for reconsideration on losing the case against Ripple.
Cardano price is at a point in its journey where things could go either way. As ADA consolidates above a stable support level, things could turn ugly if it breaks or bullish if it bounces. Therefore, investors need to be careful with their decision.
LUNA price has been consolidating tightly since June 30, after undoing the gains seen over the previous week. This small range, suggests that an explosive move is around the corner, although the direction of a breakout remains to be seen.