The Bitcoin price is currently trading at $47,908, which is about 12% above the lowest level last week.
The GBP/USD pair tilted upwards in the overnight session as traders continued to reflect on the strong UK inflation and mixed US production numbers.
The EUR/USD remained in a consolidation mode as the market reflected on the recent inflation and industrial production numbers from the US.
The AUD/USD pair declined slightly during the overnight session after the relatively weak Australian jobs numbers.
The EUR/USD pair wavered in the overnight session as traders reflected on the latest American inflation data.
The AUD/USD pair declined in the overnight session after the relatively weak Chinese and American economic data.
$47,532 will form either a bullish breakout or a bearish double top.
Range-bound between 1.3721 and 1.3900.
The 0.7350 area may be pivotal today.
The GBP/USD price was little changed in early trading ahead of the important UK jobs and US Consumer Price Index (CPI) data.
The BTC/USD price remained under pressure as demand for the cryptocurrency waned.
The medium-term trend is downwards.
The key support at $43,836 is looking very significant.
Today’s pivotal point will likely be at 1.3808.
The EUR/USD pair is at a key support level ahead of the key US Consumer Price Index (CPI) data and as the Eurozone economic rebound accelerates.