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Chinese renminbi, being in a free fall, started to worry China’s central bank, which eventually responded quite decisively, reducing the reserve ratio for banks from 8% to 6%. The new policy change will come into effect on September 15. The lower RRR will free up additional liquidity for banks, allowing them to increase lending, thus […]
Type: Bearish Drop Key Levels:Resistance: 0.0072125Pivot: 0.0070865Support: 0.0070165 Preferred Case:On the H4, with price moving below the ichimoku indicator, and within the descending trendline, we have a bearish bias that price will drop from pivot at 0.0070865 where the current price and 78.6% fibonacci projection are to the 1st support at 0.0070165 where the 100% […]
On Tuesday, the Australian dollar is losing positions against its American colleague. The current quote is 0.6775. At a meeting in September, the Reserve Bank of Australia decided to lift the interest rate from 1.85% to 2.35%, as expected. The RBA then commented that it would do everything possible to bring inflation to its target […]
The British pound against the USD has been trying to recover for two days in a row. The current quote is 1.1597. The main political intrigue of the month finally came to its ending: Liz Truss became the new Prime Minister of Great Britain. She is simultaneously the head of the Conservative Party. In fact, […]
“I’m just a regular Bitcoiner caught in the crosshairs,” claimed Mark Alexander Hopkins, also known as Rizzn, prior to serving his prison sentence. 4893 Total views 91 Total shares Mark Alexander Hopkins, also known by the moniker Doctor Bitcoin or their handle Rizzn, has claimed that “transacting Bitcoin p2p is a federal crime” after announcing […]
Change In Leader to Be Announced Shortly UK citizens and traders alike are bracing for today’s announcement regarding the Conservative Party leadership contest. The contest, between Rishi Sunak and Liz Truss, has been a largely dull affair with polling consistently showing Truss ahead of Sunak from the start. Consequently, the expectation today is that Truss […]