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Editors’ Picks
EUR/USD keeps range near 1.1750 after German IFO data
EUR/USD keeps its range near 1.1750 in European trading on Friday. Looming uncertainty over the US-EU trade deal and a minor US Dollar bounce limit the pair. Meanwhile, disappointing German IFO sentiment data fail to affect the Euro. US Durable Goods Orders data are next in focus.Â
GBP/USD drops below 1.3500 after weak UK Retail Sales data
GBP/USD struggles to hold its ground and trades slightly below 1.3500 in the European session on Friday. The data from the UK showed that Retail Sales rose at a softer pace than expected in June, making it difficult for Pound Sterling to stage a rebound.Â
Bitcoin, Ethereum and Ripple could correct further on fading bullish momentum
Bitcoin price continues to trade within a tight consolidation range on Friday, suggesting a pause in bullish momentum. Meanwhile, Ethereum and Ripple have slid nearly 3% and 10%, respectively, so far this week. Traders should be cautious as the momentum indicators of these cryptocurrencies show signs of fading bullish momentum.
Is the Fed behind the curve?
Fed is under increasing scrutiny about its decision to delay rate cuts. Ongoing tariff uncertainty and resilient economy support Fed’s case for pause. But Fed may have left it too late amid some cracks in labour market.
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