Ripple’s XRP token sales plunged by 80% in the fourth quarter of 2019 to the lowest amount in three years.
Following a lower low in the EUR/USD, the downtrend remains intact but technical developments suggest a short-covering rally is brewing.
Preliminary PMI data for January out of Australia showed an acceleration of recessionary data, with the services sector leading.
AUD/USD: More bullish above 0.6856
BTC/USD: Level looks increasingly pivotal
GBP/USD: Breakout from triangle formation
EUR/USD: Resistance at 1.1100 looks pivotal
USD/JPY: Longer-term bullish breakout still probable
BTC/USD: Increasing bearish pressure
GBP/USD: Consolidating triangle formation
EUR/USD: Price getting below double bottom at 1.1081
The GBP/USD price is trying to stabilize above the 1.3000 support to avoid further downward pressure, and the pair has fallen recently to the 1.2961 support, with increasing expectations for a near rate cut by the Bank of England.
AUD/USD: More bearish below 0.6850
USD/JPY: Bank of Japan’s policy release had little impact