Bitcoin is currently stuck in a sideways pattern unable to break above $70k. BTC/USD is now starting to press this level again and may be priming for another run at an all-time high.
A weaker US dollar has struggled to propel commodity prices higher as gold and silver head lower. Oil markets sink on news of supply returning later this year
Euro in focus ahead of the highly likely ECB rate cut. Euro positioning has improved in recent weeks and softer US data could improve the outlook for the single currency
The latest ISM Report missed forecasts, and last month’s reading, as manufacturing activity in the US contracted for the 18th time in the last 19 months.
The ECB is fully expected to start cutting interest rates on Thursday while the monthly US NFPs follow the next day.
