Financial News

Crypto Technicals: XRP/USD extends weakness below 55-EMA, exhibits signs of bearish continuation

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.2664 (Daily cloud); Resistance: 0.2850 (55-EMA)

Technical Analysis: Bias Bearish

XRP/USD is extending previous sessions losses, slips below 55-EMA support.

The pair was trading at 0.2774, down 4.37% at 09:30 GMT after closing 6.55% lower on Thursday's trade.

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German labour market likely to continue defying recession in manufacturing sector, says Commerzbank

The German labour market is expected to continue to defy the recession in the manufacturing sector, according to the latest research report from Commerzbank.

Working time accounts that are full to the brim and generous regulations on short-time workers' pay constitute effective buffers that prevented a slump in employment even in the severe recession of 2009.

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FxWirePro: Spotlight on Major Catalysts For Kiwis IV Skews and Hedging Perspectives of NZD/USD Ahead of RBNZ

RBNZ is scheduled for their monetary policy next week, market pricing for Kiwis is 25bps of easing, with a terminal rate of 0.70%. NZDUSD is little edgy at around 0.64 levels though the pair seems to be volatile for today, but the potential to test 0.64 level is reduced.

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Digital Currency Revolution Series: What Does M&A Deal of eToro and Delta Mean For?

eToro, which is the renowned multi-asset trading platform, has recently made an announcement of its acquisition deal with ‘Delta’, which is a crypto portfolio management app. This acquisition deal has been the second deal for eToro for this year, which is part the company’s intended expansion strategy.

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Crypto Technicals: LTC/USD rangebound at cloud base, finds strong support at 55-EMA (61.22)

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 57.91 (50-DMA); Resistance: 65.26 (cloud top)

Technical Analysis: Bias Neutral

After trading relatively bullish in the Asian hours, Litecoin has seen a sudden downside in the past 1 hour.

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