Deutsche Bank’s Jim Reid notes that improved sentiment around a potential Iran deal helped the S&P 500 recover earlier losses and close slightly higher.
Zcash (ZEC) price extends its correction, trading below $656 after a massive surge earlier this week. Weakening derivatives and on-chain data, alongside bearish divergences in momentum indicators, suggest the current rally may be overheating and vulnerable to a near-term cooldown or reversal.
The EUR/USD pair trades with mild losses around 1.1615 during the early European trading hours on Friday. The Euro (EUR) remains weak against the US Dollar (USD) amid mixed headlines surrounding the US-Iran peace deal.