Ethereum: faster than Bitcoin
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
CHF: losing value
The Swiss franc is losing value, especially against the EUR and the USD: EUR/CHF rose to 1.090 and USD/CHF above 0.90.
Technically, that might be an excellent chance to enter the market. To do that, you will be looking for a bearish reversal/correction that will inevitably happen somewhere on the way. As we neither catch falling knives nor launching rockets, you’d wait until bulls stop pushing. Then, once you start seeing red candles, try to find confirmations that it’s going to be a reversal, and sell. Otherwise, the secondary plan is a temporary sideways move before the next upswing takes place – a series of shorter bearish candles may be a good indication for this scenario.
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The pack of PMIs to boost the euro
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
USD/TRY: testing all-time highs
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
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Friday trades: Coinbase, gold, EUR/USD
What's moving markets on Friday? Read in the fresh report!
Musk crashed Bitcoin. Time to buy dips?
Elon Musk, Tesla’s founder and CEO, said the company wouldn’t accept Bitcoin as payment any longer. As a result, BTC/USD dropped to $45,300, the low unseen since March.
USD trends: insights from retailers
The USA will post Retail Sales and Core Retail Sales on May 14, at 15:30 MT time.
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