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Editors’ Picks
EUR/USD attracts some buyers to near 1.1700 ahead of US GDP release
The EUR/USD pair extends its upside to near 1.1690 during the Asian trading hours on Thursday. The US Dollar weakens against the Euro as investors are concerned about the future independence of the US Federal Reserve. The final US Q1 Gross Domestic Product Growth Rate will be in the spotlight later on Thursday.
Litecoin holders’ profit-taking activity reaches three-month high
Litecoin is stabilizing at around $85 at the time of writing on Thursday, having recovered 6% so far this week. On-chain data indicate early bearish signals for LTC as holders’ profit-taking activity reaches a three-month high and dormant wallets’ activity increases, signaling growing selling pressure.
Could Iran block the Strait of Hormuz? Why Oil is on edge after US strikes
As the Israel-Iran conflict reaches new heights, an old threat is coming back to haunt the markets: that of the closure of the Strait of Hormuz. This narrow arm of the sea in the Persian Gulf, wedged between Iran to the north and the United Arab Emirates and Oman to the south, is much more than a simple sea passage.
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