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Bitcoin rebounds after taking out 65k earlier today
Yesterday evening Bitcoin rode the gains in the US stocks and drop in the dollar (ex USD/JPY). That saw BTC rise from a session low at 65,062, to a session high above 67k. BTC reached 67,260 ahead of the US stock market close. However, earlier today the lead coin snapped that rise and then crumbled. Once it took out the low seen yesterday afternoon, it seemed to trip stops below 65k. That led to a low at 64,588. That was a one month low for Bitcoin. It has recovered off that low now, but right now remains camped back underneath its 50 and 100 day moving averages again (now at 66,145 and 66,547 respectively). The rebound high has been set at 65,825. Bitcoin is currently trading at 65,630
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USD/JPY falls towards 144.50 and so new 2025 highs for GBP/USD and EUR/USD
The dollar just got slapped and in truth probably due to comments from the Fed boss, Jerome Powell. So, as expected and warned about a few times today...
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GBP/USD pressing again- can it reach a new 2025 today?
The dollar is losing some more ground right now and that has seen the EUR/USD push back above 1.1610. The GBP/USD is also close to session highs seen...
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US consumer confidence unexpectedly falls in June -Nasdaq 100 slips
Those US data releases have just been released and it has been a mixed set of data. The Richmond Fed index improved to -7, but the nationwide consumer...
