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Month: July 2022
A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy Bored Ape Yacht Club non-fungible tokens (NFTs) and the project’s affiliated ApeCoin (APE) token. The proposed class-action driven by law firm Scott+Scott was published on July 21, claiming that Yuga Labs used celebrity promoters and endorsements to “inflate the price” of
The flash PMI services data comes out weaker than expected and below the 50% level (to 47.0) suggesting a contraction of activity as a result of the shock from higher prices (even in services). That has pushed the US dollar lower against all the major currency pairs: EURUSD has move back above its 100 hour
Apart from what has been posted there is no fresh news. The US dollar fell back on Friday. What we are are seeing in Asia to open the week is some unwinding of that move. The dollar is higher pretty much across the majors board. EUR/USD for example: ADVERTISEMENT – CONTINUE READING BELOW
Gold prices were flat on Friday, pressured by an uptick in the U.S. dollar and fears over aggressive rate hikes, although heightened slowdown worries kept safe-haven bullion on track for its first weekly gain in six. FUNDAMENTALS * Spot gold held its ground at $1,717 per ounce, as of 0114 GMT, after rising more than
In this article UAL United Airlines on Wednesday notched a key profit milestone in its pandemic recovery, but said it will scale back its growth plans through 2023. United reported its first quarterly profit — $329 million — since the Covid-19 pandemic began without the help of federal payroll aid, which expired almost a year
Aussie bulls are aiming to sustain above 38.2% Fibo retracement around 0.6920. Advancing 20-and 50-period EMAs add to the upside filters. The RSI (14) has shifted into the 40.00-60.00 range after a mild correction. The AUD/USD pair is attempting to hold itself above the crucial support of 0.6900 after a sharp decline in the initial
The 30 year yield is testing the 100 day MA The US 30 year yield is trading back below the 3.0% level for the first time since May 30, moving to a low of 2.953%. The yield reached its week high just yesterday at 3.208%. The high yield for the cycle peaked at 3.493% on
China reported 982 covid cases on July 23 compared to 817 a day earlier. However the number classified a symptomatic fell to 129 from 164. The cases come from two main outbreaks in the northwestern province of Gansu and the southern region of Guangxi. Shanghai reported 3 symptomatic cases compared to 2 a day earlier
Gold prices edged lower on Friday due to an uptick in the US dollar and fears over aggressive rate hikes by major central banks to tame inflationary pressures dented bullion’s appeal. The dollar rose 0.2 per cent against its rivals, making greenback-priced bullion more expensive for buyers holding other currencies. The US Fed’s meeting is
In this article GS The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images British digital bank Starling on Thursday reported its debut annual profit as revenues at the firm almost doubled. The lender swung to a pre-tax profit of £32.1 million ($38.3 million) in its fiscal year ending March
EUR/JPY finishes negative in the week, down by 0.48% as the yen shows signs of strength. Deteriorated market mood, augmented appetite for safe-haven peers. EUR/JPY Price Analysis: In the near term is downward biased, eyeing a fall below 137.00. The EUR/JPY plummets from weekly highs hit on Thursday at 142.32, drops more than 160 pips
Why you should Trust your forex trading system Those who are new to Forex trading face the problem of trusting themselves, and mostly trusting the system they are using. They go through this problem due to lack of experience and lack of testing. Most of the beginners think that testing different systems is just a
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Proposals in crypto help communities make consensus-based decisions. However, for decentralized music platform Auduis, the passing of a malicious governance proposal resulted in the transfer of tokens worth $5.9 million, with the hacker making away with $1 million. On July 24, a malicious proposal (Proposal #85) requesting the transfer of 18 million Audius’ in-house AUDIO
> Technical Analysis > Bitcoin technical anlalysis & managing a profitable bitcoin short trade Technical Analysis Bitcoin Technical Analysis A quick look at what BTCUSD is doing and following up on a trade idea previously presented for shorting BTCUSD (for short to medium term traders) ForexLive Saturday, 23/07/2022 | 16:28 GMT-0 23/07/2022 | 16:28 GMT-0
The economic data today was all about global PMIs from S&P Global and there was a similar theme in all of them: Germany July flash manufacturing PMI 49.2 vs 50.6 expected France July flash services PMI 52.1 vs 52.7 expected Eurozone July flash services PMI 50.6 vs 52.0 expected UK July flash services PMI 53.3
Gold slumped to a 16-month low last week but managed to recover and end the week with a 1.1 per cent gain bringing a halt to its five week losing streak. Despite the recovery, there is little encouragement for yjegold bulls as they face the next big challenge which is the Fed‘s monetary policy decision
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