The EUR/USD pair retreated from the monthly high set at 1.1447 to daily lows in the 1.1340 price zone. Demand for high-yielding equities returned lead by the tech sector, with the dollar recovering alongside Wall Street, helped by escalating concerns surrounding Brexit.
The GBP/USD pair recently witnessed pullback from 1.3000 round-figure and is holding above 1.3100 off-late as latest reports say the EU proposes two-factor Brexit deadline extension plan.
The USD/JPY recovery from the post-FOMC sell-off fizzled near 110.90 region, as S&P 500 futures turn negative amid souring risk sentiment while ongoing weakness in Treasury yields also added to the renewed weakness in the spot.
The manufacturing PMI is projected to rise to 49.5in March from 49.3. The service sector PMI is predicted to drop to 52.7 from 52.8 in February. The composite index will gain 52.0 from 51.9.
The UK has inflation steady just below 2.0%, solid wages' growth, upbeat retail sales, and a not-that-dovish BoE, yet at the end of the day, nothing really matters.
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Top 3 Price Prediction Bitcoin, Ripple, Ethereum: It doesn’t look that way, but the market goes into bullish mode
BTC/USD is currently trading at $4.033 after yesterday's high of $4.046. The buyer side is not reacting to the break, and the current consolidation of the $4,000 and has not even attempted to attack the next level despite being just $4 away from it.
IOT/USD bears took control of the market following this Thursday's bullish breakout. The breakout happened as a result of IOTA's partnership with Zeux. Zeux is an FCA authorized payments and banking services app which will launch in Europe this April and in the USA in 2020.
XRP/USD has been trending sideways without any intriguing crests and troughs since the beginning of March. Despite ripple making great strides towards mainstream adoption, it doesn’t ...