China’s May data dump: Retail Sales and Industrial Output miss estimates
China’s May Retail Sales YoY, the number arrived at +12.4% vs. +13.6% expected and +17.7% last,
China’s NBS: Foundation for domestic economic recovery is not yet consolidated
Following the release of the May activity numbers, China’s National Bureau of Statistics (NBS) released a statement,
EUR/GBP Price Analysis: Slides further below 0.8600 mark, fresh session lows
EUR/GBP witnessed some fresh selling on Wednesday and erased the previous day’s gains. The formation
USD/CAD: Loonie’s weakness above 1.21 to gain traction – DBS Bank
Economists at DBS Bank note that CAD weakness above 1.21 per USD gains traction. USD/CAD
USD/JPY trades with modest losses below 110.00 mark, focus remains on FOMC
A combination of factors prompted some selling around USD/JPY on Wednesday. A cautious mood benefitted
German IFO institute cuts 2022 GDP growth forecast to 3.3% from 3.7% previous
German IFO institute cut the country’s 2021 GDP growth forecast to 3.3% from 3.7% previous
Bitcoin Price Prediction: BTC to test $49,000, suggest technicals and on-chain metrics
Bitcoin price flashed a buy signal on the weekly chart. The bullish formation has helped
Ethereum price isn’t out of the woods just yet, ETH targets $2,300 first
Ethereum price seems prime for rejection. A spike in selling pressure could see ETH drop
XRP Price Prediction: Ripple to set the stage for 18% gains
XRP price created a double top formation, leading to an 8% downswing. This downtrend is
Ethereum price bounce to $2.6K fails to excite neutral-to-bearish pro traders
Ethereum derivatives data highlights the lack of short-term strength as ETH price lags Bitcoin’s recovery