1. Is Ripple About To Explode?
Friday is going to be a big day for ripple (XRP) pairs. The first big news came when ripple was added to one of the biggest crypto exchanges in Latin America. Brazil’s Mercado Bitcoin announced its customers can now buy and sell XRP as well as make deposits and withdrawals. On other news, Ripple will officially participate in Swifts’ yearly event called Sibos. Swift’s Sibo 2018 conference is facilitated by Ripple’s main rival SWIFT. Ripple financial specialists and fans are anticipating that Ripple should make a major declaration during the event, and in this manner it is expected to bolster the price of XRP. ***
2. Dollar Wobbles As Stock Markets Plummet
The U.S. dollar traded at its lowest level this month against its major peers on Friday as declining U.S. treasury yields and further losses on Wall Street soured sentiment. Among yesterday’s biggest losers in the stock market was WH Smith (SMWH) finished the EU Session 11.5% lower after the company announced that it would start closing stores. Air France stocks also tumbled 5.75 percent while Next PLC shares (NXT) slipped 4.5% amid a struggling U.K. high street. A weaker-than-forecast rise in U.S. consumer prices undermined the dollar as traders cut back their wagers on the U.S. Federal Reserve stepping up the pace of its planned rate hikes. Later the dollar paired some of it’s losses o last trade 0.3% higher against the yen at 112.46 JPY as of 6:40 GMT. **
3. Gold Prices Tumble But Hover Near A 10-Week High Amid Market Uncertainty
Gold prices edged lower on Friday, but held near a 10-week high hit in the previous session. Specifically, spot gold was last down 0.6 percent at $1,220.00 an ounce, as of 6:42 GMT, after the bullion jumped about 2.5 percent on Thursday, its sharpest gain since June 2016, as a rout in equities sent investors rushing to safe havens. Spot gold may extend its gains to $1,237 per ounce, as suggested by a Fibonacci ratio analysis, according to Reuters technical analyst Wang Tao..**
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*Source: Coinnounce Oct 12, 2018 / 6:30 AM GMT
**Source: CNBC Oct 12, 2018 / 6:12 AM GMT
***Source: Reuters Oct 12, 2018 / 4:56 AM GMT