Day: August 26, 2022
The Central Bank of Ireland welcomes today’s publication of the Central Bank (Individual Accountability Framework) Bill 2022. The Central Bank will continue to work with the Department of Finance throughout subsequent stages as the legislation progresses through the Oireachtas to enactment. Once the Bill has been enacted the Central Bank intends to publicly consult on […]
At last week’s meeting of the ECB’s Governing Council, we decided to increase our main policy rate by 50 basis points. This continues the normalisation of our monetary policy, a path that we had started to travel on last December. Our aim is to dampen the inflationary pressures that we’re seeing in the euro area […]
USD GDP On Watch Today’s revised US Q2 GDP figures will be closely watched ahead of Fed chairman Powell’s Jackson Hole speech tomorrow. The initial figures pegged a dire -0.9% reading for the quarter and current forecasts suggest only a mild improvement to -0.7%. While this reading would confirm a technical recession in the US, […]
Oil Traders Re-Build Longs The latest CFTC COT institutional positioning report shows that crude traders increased their net long positions last week from around 210k contracts to roughly 214k contracts. While not a huge increase, the adjustment does at least put an end to the weeks of reductions we’ve seen in upside bets. This change […]
The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total SNX token supply at 300 million. The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets, and commodities on the […]
The firm stated that its potential investors will also attend the meetings, which will include Zipmex, Thailand’s SEC, and government agencies. 226 Total views 3 Total shares Asian crypto exchange Zipmex has requested meetings with Thailand’s Securities Exchange Commission (SEC) and other regulators to discuss the firm’s “recovery plan.” In a statement on Aug. 25, […]
The Ledger CEO said that until people begin using decentralized technology, control over assets and data will remain in the hands of the big tech giants and centralized intermediaries. 136 Total views 34 Total shares The rise of decentralized services and hardware security wallets means that we no longer need to rely on intermediaries to […]
Type: Bearish Drop Key Levels:Resistance: 2647.6Pivot: 2565.0Support: 2462.0 Preferred Case:On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from the pivot at 2565.0 where the pullback resistance and 38.2% fibonacci retracement are to the 1st support at 2462.0 where the pullback support and 38.2% fibonacci […]
ETH on Watch While the crypto market, as a whole, is still seeing a washout this year, Ethereum has been quietly grinding higher over recent weeks. ETH is seeing some specific support linked to a planned change in the currency’s operating system. ETH, which is the second largest digital coin, behind Bitcoin, will shift from […]
The impact of Federal Reserve policy and Bitcoin’s higher timeframe market structure suggest that BTC price is not yet ready for a trend reversal. Bitcoin (BTC) price continues to chop below the $22,000 level and the wider narrative among traders and the mainstream media suggests that a risk-off sentiment is a dominant perspective ahead of […]
