Day: July 14, 2022
Deutsche Bank (Germany’s bank) warned that the aggravation of the gas crisis in Germany may prompt citizens to return to using wood for heating to face the severe cold during the coming winter. According to analysts’ warnings, some homes will have to burn wood for heating instead of gas, as Russia continues to cut supplies, […]
EURUSD volatility around the round 1.00 level remains elevated which creates ripple waves in other USD cross-pairs. After yesterday’s “shocking” CPI release, markets shifted expectations of the upcoming July rate hike from 75bp to 100bp. Earlier, the Bank of Canada surprised markets with a front-loaded 100 bp rate hike, highlighting seriousness of the inflation threat […]
July FOMC Pricing Favours 1% Hike Pricing for the upcoming July FOMC has swung in favour of a full percentage point hike following yesterday’s US CPI report. June CPI was seen rising to 9.1% annually, marking the hottest US inflation reading in 40-years. Looking at the monthly data, headline CPI was seen coming in at […]
Bitcoin (BTC) found a new focus at just under $20,000 on July 14 as United States dollar strength hammered out yet another two-decade high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY moves bring yen, euro into focus Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding from lows sparked by a fresh 40-year high […]
Read Next Day one of Amazon Prime Day was the biggest U.S. online shopping day of 2022 so far The first day of Amazon undefined Prime Day generated $6 billion in sales, up 7.8% from last year, making it the biggest U.S. online shopping day of 2022 so far, according to the Adobe undefined Digital […]
While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector. 756 Total views 43 Total shares China’s internet giant Tencent has reportedly shut down one of the two nonfungible token (NFT) platforms owing to declining sales aided by the regressive monetary policies of the Chinese […]
U.S. health regulators authorized the use of Novavax Inc.’s NVAX, +0.27% COVID-19 vaccine, providing a new option that works differently than the two leading vaccines, but at a time when overall demand for vaccines and boosters is low, the Wall Street Journal reported. The Food and Drug Administration said adults 18 and older may receive […]
GBPUSD remains under bearish pressure on Thursday. The Pound Sterling is retreating against the USD without looking back. The current quote for the instrument is 1.1840. The key reason for this decline is the strength of the American currency. As long as the “greenback” is in demand as a “safe haven” asset and benefits from […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Hammer, not far from the support area. At the moment, the asset may reverse in the form of a new rising impulse. In this case, the upside correctional target may be the resistance level […]
Major South African exchanges have welcomed the central bank’s plans to regulate cryptocurrencies as financial assets. 323 Total views 30 Total shares South Africa’s Reserve Bank is set to begin regulating cryptocurrencies as financial assets in the next 18 months, with exchanges expecting the move to drive adoption in the country. The move to classify […]
