Bitcoin (BTC) Prices, Charts, and Analysis: Data shows Bitcoin volatility is extremely low Attention remains on the SEC and their views on cash Bitcoin ETFs. PayPal launching a US dollar-backed stablecoin. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Bitcoin continues
British Pound, GBP/USD, Daily vs 4-Hour Setting – Technical Update: British Pound breakout takes a break after Hammer candlestick But, on the 4-hour timeframe, the near-term bearish bias is in play Will GBP/USD resume Descending Channel direction ahead? Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound has been stabilizing against the
Oil Prices, Charts, and Analysis Oil bolstered by Saudi Arabia, Russia output cuts OPEC+ meeting and US Jobs Report later. Recommended by Nick Cawley Get Your Free Oil Forecast The price of oil is trying to make a fresh three-month high after Saudi Arabia and Russia extended their output cuts yesterday. Saudi Arabia announced that
Share: EUR/GBP struggles to capitalize on its modest intraday bounce from the 0.8600 mark. The BoE’s less hawkish signals undermine the GBP and act as a tailwind for the cross. Speculations that the ECB will soon pause its rate-hiking cycle caps gains for the Euro. The EUR/GBP cross attracts fresh buying near the
Japanese Yen, USD/JPY, RSI Divergence, Rising Support – Technical Update: Japanese Yen under pressure by US Dollar again after BoJ Watch for key upside breakout over the remaining 24 hours RSI divergence shows fading upside momentum on 4-hour Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The US Dollar is back on the offensive
Share: GBP/USD edges lower for the second straight day on Tuesday, albeit lacks follow-through. The USD climbs to a fresh multi-week top and turns out to be a key factor exerting pressure. The downside seems limited ahead of the BoE on Thursday and the US NFP report on Friday. The GBP/USD pair remains
Share: Canadian GDP expanded 0.3% in May. US data shows core consumer inflation slowing down. USD/CAD moves sideways on Friday, remaining near the levels it had a week ago. The USD/CAD dropped to the 1.3200 area following US and Canadian economic data but then rebounded, approaching the key resistance area at 1.3250. The
