Finance News
The USD got under some pressure last Friday following the ugly University of Michigan survey where consumer sentiment got revised lower and long-term inflation expectations higher. The market responded by increasing more aggressively the expectations for more easing from the Fed which triggered some short-term weakness in the…
Read MoreEurostoxx -0.6% Germany DAX -0.6% France CAC 40 -0.6% UK FTSE -0.2% Spain IBEX -0.3% Italy FTSE MIB -0.5% This comes as US futures are also lower as risk sentiment is observing more caution ahead of Trump’s tariffs announcement later today. As a reminder, the announcement will be…
Read MoreThe Bitcoin-Japanese yen (BTC/JPY) pair faced a setback at key trendline resistance Wednesday, as Goldman Sachs (GS) cited the anti-risk yen as the leading hedge against rising U.S. tariff and recession risks. The BTC/JPY trading on the Japan-based bitFlyer fell 1% after failing to take out the trendline…
Read MoreXRP, the token closely related to Ripple Labs, is showing signs of a potential breakout as its price chart forms a symmetrical triangle pattern alongside other bullish technical indicators. XRP has been consolidating within the pattern shown below, characterized by two converging trend lines that suggest a buildup…
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