XRP Soars +40% On Ripple Plan

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1. XRP Soars +40% On Ripple Plan
XRP surged more than 40% against the greenback in early Friday trading on optimism that Ripple is likely to launch a service that would use the virtual coin “in the next month or so.” The new product, called xRapid, allows financial companies to speed up money transfers into emerging markets using XRP. XRPUSD rallied on the news and was last seen trading 42.4% higher at 0.46000 as of 6:40 GMT this morning while other major cryptos also rallied across the charts.*

2. Debenhams (DEB) Reaches New 6 Year Low at £9.50
Debenhams Plc (DEB) share price hit a 6 year low to close at £9.500 on Thursday, after having plummeted 7.86 percent. DEB has been the topic of several research analyst reports after the retail giant confirmed several store closures as it started drawing up radical restructuring plans. Liberum Capital and Peel Hunt reiterated a “sell” rating on shares of Debenhams while Stifel Nicolaus reiterated a “hold” rating. Finally, Deutsche Bank reduced their price target on shares of Debenhams and set a “hold” rating on the stock.**

3. Gold Rises On Weaker Dollar
Gold prices climbed to a one-week high in early Friday trading as the dollar weakened on receding fears of a full-blown China-U.S. trade war. The yellow metal is currently on track for its first weekly gain in four. Specifically gold futures (XAUUSD) added 1.9 percent to $1,214.10 by 6:50 GMT this morning. Investors will now be focusing on next week’s Federal Reserve meeting. The U.S. central bank is widely expected to raise benchmark interest rates and shed light on the path for future rate hikes, which could give another boost to the USD and cause gold prices to retreat. ***

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*Source: Investing Sep 21, 2018 12:22AM ET
**Source: Marketwatch Sept 20, 2018 1:38 p.m. ET
***Source: Reuters Sept 21, 2018 / 4:51 AM

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