Europe knows it will have to embrace a digital euro soon. To become a global digital leader and avoid dependence on American and Asian technological infrastructures, European policymakers and regulators have to make progressive decisions. A critical stumbling block for Europe’s digital economic thinking is so-called stablecoins. Stablecoins can be privately issued and have the
The oil talks on Thursday (1 July) were delayed until Friday and after no agreement was finalised they’ll continue on Monday. The United Arab Emirates blocked a final deal, long story short is the country wants a greater share of output. Negotiations were centring on 400,000K barrels of increased production in August, and then the
The bias tilts more to the upside The NZDUSD is trading above its 200 hour moving average and 50% retracement of the move down from last week’s high. Both those levels come in at 0.70200. The price just moved above that level and currently trades at 0.7032. The next target comes in at the 200 day moving average
Sales volume of real-time power market (RTM), which allows consumers to buy power just one hour before delivery, jumped over three-fold to 1,726 million units in June compared to the year-ago month at (IEX). The RTM was launched last year on June 1, and had witnessed sales of 515 MU in the first month of
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks declined -4.58 mmb to 1278.28 mmb in the week ended June 25. Crude oil inventory slumped -6.72 mmb (consensus: -4.69 mmb) to 452.34 mmb. Stockpile decreased in 4 out of 5 PADDs. PADD 3 (Gulf
The federal government will be swimming in $3 trillion of red ink by the end of fiscal 2021, according to a Congressional Budget Office estimate released Thursday that swelled 33% from the last forecast. As a result of multiple stimulus measures aimed at combating the pandemic’s economic impact, Congress will run a budgetary shortfall this
Best MA & ADX Indicator Trading Strategy “Forex, Stocks, & Crypto Trading” – New MADX Cobra System INDICATORS: 200 period SMA (Simple Moving Average) applied to the “typical price” Average of High, Low, and Close. ( (high+low+close)/3 ) 200 period SMA calculated off the high of each candle. 200 period SMA calculated off the low
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OPEC+ meeting continues The latest from the OPEC+ meetings is that the UAE as agreed with a one-month delay in making the decision on easing the production cuts, but Russia has opposed the suggested delay. So the stalemate continues Invest in yourself. See our forex education hub.
The 200 hour MA stalls the rally. The EURUSD has extended up to the cluster area outlined in a earlier post. That cluster of resistance includes the: 38.2% retracement at 1.18708 100 hour moving average at 1.18745 (and moving lower) and the swing area between 1.18777 and 1.18815 The high price just reached 1.18736 and has backed off. The sellers against the
The Bureau of Indian Standards (BIS) website and FAQs do not capture many key points on hallmarking, discussed between the gems and jewellery industry and the government, causing confusion and disruption amongst jewellers, All India Gem and Jewellery Domestic Council (GJC) said on Saturday. In this regard, the industry body has written to Union Minister
Dollar ended as the strongest one last week but Friday’s steel fall after solid non-farm payroll job reports suggests that it’s rally is already losing steam. It’s still a bit early to call a bearish reversal for the greenback. Yet, strong risk-on sentiments could cap Dollar’s upside attempts ahead, and even trigger a deeper pull
Workers prepare the ground for construction at the Duette solar site which is being developed on previously agricultural land in Bowling Green, Florida, March 24, 2021. Dane Rhys | Reuters June jobs growth is expected to outpace May and more Americans rejoined the workforce, even as companies continued to struggle to find employees to hire.
As if 2020 didn’t provide enough nail-biting moments, 2021 is shaping up to be quite an interesting year for cryptocurrency. With the price of Bitcoin (BTC) floating around the $35,000 mark, skeptics and pundits are flocking to the streets of social media to celebrate the long-awaited demise of the decentralized economy. Of course, they quite
The latest from OPEC + The UAE agreed with a one-month production increased by OPEC+, but insist on its opposition to change in the baseline for the continuation of the existing agreement. Meanwhile Russia recommends delaying OPEC+ talks by 1 to 2 days. It seems there continues to be a stalemate.
NASDAQ closes at a record and so does the Dow… The S&P index is up for the seventh straight day and closes at a record level once again. It is the 7th record high close for the S&P. The NASDAQ index also closed at a record today that is the second consecutive record close for
CHICAGO: Chicago Board of Trade corn futures retreated on profit-taking on Friday, while soybean futures extended gains fueled by lower-than-expected U.S. acreage estimates and dry weather in part of the Midwest, traders said. Corn pulled back after surging by the daily, exchange-imposed limit on Wednesday when the U.S. Department of Agriculture shocked traders by estimating