The U.S. Securities and Exchange Commission has suggested that it may appeal a recent ruling on the Ripple Labs lawsuit, which deemed XRP to not be a security when sold to retail investors. The SEC argues that the ruling goes against “fundamental securities laws principles” such as the Howey Test, which determines what falls under
Share: Mullen stock falls sharply at end of week. Volume is tapering off for MULN over past 10 sessions. Mullen to hold event in Mississippi for first production of Mullen Three. Bollinger Motors is also releasing its B4 cab chassis. Mullen Automotive (MULN) stock is selling off by 6% on Friday, despite a generally advancing market. The
Gold was trading range bound in the early trade on Friday after a sharp fall in the previous session on the back of a strengthened dollar index (DXY) which is inching back to the 101 mark. It was hovering around 100.79 against a basket of 6 major currencies, though the bias was negative. The August
The EURGBP is major cross-currency pair that rose sharply this week. With the ECB meeting ahead next week, understanding the technical levels in play could open the door for trading opportunities. Technically as well, the market traders have used the technicals on the extremes to define support and resistance, and the correction off the high
Markets: Gold down $8 to $1961 WTI crude oil up $1.27 to $76.92 US 10-year yields down 1.7 bps to 3.83% S&P 500 down 2 points to 4564 CHF leads, JPY lags The economic calendar was light and there was little in the way of unscheduled news to jar the market. Heavy options expiries in
British Pound is making broad recoveries following stronger than anticipated retail sales, although signs of a durable rebound remain elusive. Concurrently, Japanese Yen displayed general weakness. Despite solid inflation data from Japan, the figures were not robust enough to force a policy shift from BoJ. Australian and New Zealand Dollars trailed as the next weakest,
In this article 2330-TW Follow your favorite stocksCREATE FREE ACCOUNT A woman walks past a Taiwan Semiconductor Manufacturing Company (TSMC) logo at the Hsinchu Science Park in Hsinchu on July 5, 2023. (Photo by Sam Yeh / AFP) (Photo by SAM YEH/AFP via Getty Images) Sam Yeh | Afp | Getty Images Taiwan Semiconductor Manufacturing
Share: Japan’s Consumer Price Index (CPI) for June reports a YoY increase of 3.3%, slightly above the previous 3.2% figure, but falls short of the anticipated 3.5%. Reuters report on BoJ’s monetary stance causes USD/JPY to break away from the 140.00 range seen through most of the Asian session. The USD/JPY uptrend could continue based
Oil prices rose on Friday, buoyed by evidence of tightening supplies and economic stimulus in slow-recovering China. Brent futures were up $1.02 at $80.66 a barrel by 1134 GMT, while U.S. West Texas Intermediate (WTI) crude climbed $1 to $76.65 a barrel. “The supply deficit that had been looming in the second half of the
The USDCAD traded in a relatively narrow trading range this week with the price reaching the week’s high on Tuesday. That move took the price above the 200-hour moving average of 50% retracement of the July trading range. However, momentum faded quickly and the price then rotated lower over the next 2 days to the
The softer UK inflation print was the major driver in European equity markets this week, still the 3% weekly gain for the FTSE 100 only returned it to mid-June levels. Closing changes for the day: Stoxx 600 +0.3% German DAX -0.2% FTSE 100 +0.2% French CAC +0.6% Italy MIB +0.2% Spain IBEX +0.4% For the
Japanese Yen experienced a sharp fall today after reports emerged suggesting that BoJ is “leaning towards” maintaining its current yield curve control policy unchanged in the upcoming meeting next week. The development has come in the wake of Japanese inflation data for June, which showed a relatively unchanged yet high level. Notably, 10-year JGB yield
In this article JNJ Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration the stock trading graph of Johnson and Johnson is seen on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Johnson & Johnson on Thursday reported second-quarter revenue and adjusted earnings that topped Wall Street’s expectations, and
Supply and demand is one of the most important trading tactics to understand. In this video, I display how I personally find my zones, how I enter, how I exit, and I also share some secret tricks I use to make my zones more accurate. Enjoy! If you learned something new, leave a like! 🔥
Forex Trading Tips for Beginners + Forex Trading Basics Hey y’all! Happy Saturday. New video for you. As I look back over my 5 year trading career, I recognize some tips that I would have given myself as a new forex trader. Being a beginner, I think there are some foundational pieces needed to lay
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A Canadian police department has issued a public warning of a possible trend where high-value cryptocurrency investors are being robbed in their own homes. On July 19, the Royal Canadian Mounted Police (RCMP) in Richmond, a city south of Vancouver, said several similar robberies involving cryptocurrency investors have occurred over the last 12 months. Staff
Share: Economists at Commerzbank analyze EUR/CZK outlook. EUR/CZK to drift lower through H2 2023 We expect EUR/CZK to drift lower through H2 2023 as inflation as well as the real economy moderate. CNB, however, will likely maintain monetary policy status quo despite such a downturn. If inflation were to moderate from current 11% level towards