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If Solend is unable to take over the account, some believe that it could cause a meltdown, driving SOL’s price to zero. 8638 Total views 51 Total shares Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gave Solend Labs “emergency powers” to access a whale’s […]
XAUUSD, “Gold vs US Dollar” At a pullback, gold has formed a Hammer reversal pattern. Going by the pattern, the pair got into an ascending impulse. The goal for further growth might be the resistance level at 1858.00. However, the shares might drop to 1830.50 without pulling back to the resistance level. NZDUSD, “New Zealand […]
EURUSD, “Euro vs US Dollar” The pair is forming a consolidation range around 1.0500. With an escape upwards, the correction might continue to 1.0620, followed by a decline to 1.0220. With an escape downwards, a pathway directly to 1.0220 will open. GBPUSD, “Great Britain Pound vs US Dollar” The pair is forming a consolidation range […]
The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France for now after President Emmanuel Macron lost an absolute majority in a parliamentary election. Macron’s Ensemble alliance secured the most seats in the National Assembly but […]
China’s imports of Russian oil jumped 55% last May, displacing Saudi Arabia from the first place among crude suppliers to Beijing, 19 months after Riyadh topped the list. China’s General Customs Administration data indicated today, Monday, June 20, that Russian oil imports are transported through East Siberian and Pacific pipelines, the Guardian reported. The newspaper […]
The tectonic shift in the Federal Reserve’s policy, according to which the regulator no longer expects that inflation will naturally find its way to the target level and goes all in to suppress it, is still being digested by financial markets. Risk demand recovers slowly, despite the fact that last week’s drop largely removed overbought, […]