FXBANkthe8055

FXBANkthe8055

Gold held steady above $2,490 per ounce on Wednesday, after retreating in previous sessions, as investors assessed new economic data and its impact on the Federal Reserve’s interest rate outlook. ISM data showed that US manufacturing activity fell more than expected in August, highlighting the sector's weakness and challenging the notion that the US economy...

FXBANkthe8055

Markets increased the likelihood of a surprise rate hike this week so while the outcome came somewhat as a surprise, outcome had gained traction in recent days. Last week Wednesday markets priced in 16 basis points (bps), but ahead of the announcement it had risen to 20 bps. Unemployment has picked up; and while GDP growth improved in Q1 compared to Q4, it still...

FXBANkthe8055

A gauge of global shares was flat in choppy trading while oil prices slipped on Tuesday as investors weighed geopolitical risks as well as impending Nvidia earnings and U.S. inflation data. Markets are anticipating an imminent start to the Federal Reserve's monetary policy easing, after Chair Jerome Powell said on Friday the central bank was ready to start...

FXBANkthe8055

A gauge of global shares was flat in choppy trading while oil prices slipped on Tuesday as investors weighed geopolitical risks as well as impending Nvidia earnings and U.S. inflation data. Markets are anticipating an imminent start to the Federal Reserve's monetary policy easing, after Chair Jerome Powell said on Friday the central bank was ready to start...

FXBANkthe8055

The cryptocurrency market is in the red today, following the slump in US stocks as all eyes turn to Nvidia’s upcoming earnings report. This highly anticipated release is seen as a potential turning point, offering clues on whether the AI-fueled bull market still has legs or if the rally is starting to lose steam. Nvidia's slower growth prospects hurt Nasdaq,...

FXBANkthe8055

The Japanese owner of 7-Eleven has been approached with what would be the largest-ever takeover of a Japanese company. The deal speaks to foreign companies seeking to exploit the depressed yen. In this case, the suitor is Canadian company Couche-Tard, the owner of Circle K convenience stores. The target is Seven & i Holdings Co and it was valued at USD$31 billion...

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Chicago Mercantile Exchange (CME) Group, a United States futures exchange, is launching bite-sized Bitcoin Friday futures (BFF) amid mounting interest in cryptocurrency futures among retail investors, according to an Aug. 27 announcement by CME. Launching Sept. 30, BFFs will be sized at only one-50th of a Bitcoin BTCUSD . That is substantially smaller than...

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Source: CME Group AUGUST 2024 COMEX 5000 SILVER FUTURES INTENT DATE: 08/26/2024 DELIVERY DATE: 08/28/2024 FIRM ORG FIRM NAME ISSUED STOPPED 363 H WELLS FARGO SEC 20 435 H SCOTIA CAPITAL 3 661 C JP MORGAN ...

FXBANkthe8055

The dollar fell and sterling rose to its highest in more than two years on Friday after Federal Reserve Chair Jerome Powell gave an unambiguous signal that the long-anticipated U.S. interest rate cut would come next month. The weak dollar also saw the euro hit a 13-month high, and the U.S. currency marked a 17-day low versus the yen.

FXBANkthe8055

The dollar turned lower and sterling rose to its highest in more than two years on Friday after Federal Reserve Chair Jerome Powell gave an unambiguous signal that the long anticipated U.S. interest rate cut would come next month.

FXBANkthe8055

Last night, social media was rocked by some pretty big news, as some may already know — the arrest of Telegram founder Pavel Durov. It all started when Durov landed on a private jet in France to refuel, where he was reported wanted minutes before landing. In total, the charges have the billionaire facing up to 20 years in French prison, considering that Durov is...

FXBANkthe8055

* Powell said at the Jackson Hole symposium Friday that "the time has come for policy to adjust," noting that the data will determine the timing and pace of rate cuts and suggesting that the balance of risks shifted. * "Overall, the economy continues to grow at a solid pace," Powell added. "But the inflation and labor market data show an evolving situation. The...

FXBANkthe8055

Within the past week, an aggressive accumulation of 420 billion PEPE tokens in two transactions worth 3.13 million USDT has been made by a crypto whale identified as “cookislandstrust.eth”. This strategic move, starting at the height of the market dip on August 5, has returned a profit of $170,000—equating to a 5.5% gain.

FXBANkthe8055

XRP lost 5.7% of its valuation this week, but at least in this case, the price has been making higher lows, which makes sentiment slightly more optimistic than Ethereum. The problem with this cryptocurrency is that it has been in a flat trend for years now. Somehow, sellers always stopped buyers’ attempts to take the price towards $1. Faced with this, XRP bounced...

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BitTorrent’s evolution: From P2P file sharing to blockchain innovation Launched in 2001, BitTorrent was a game-changer in the world of peer-to-peer (P2P) file sharing and accounted for one-third of all internet traffic within a few years of its initial release. However, as the internet evolved, the limitations of BitTorrent’s incentive structure became apparent...

FXBANkthe8055

Binance Coin (BNB) is less of a loser than ADA, falling by 2.57%.Image by TradingView From the technical point of view, the price of BNB is in the middle of the narrow channel, gaining energy for a further move. As none of the sides is dominating at the moment, ongoing sideways trading in the area of $510-$530 is the more likely scenario. BNB is trading at $517...

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The trading volume of popular meme-inspired cryptocurrency Shiba Inu SHIBUSD , as reported by CoinMarketCap, has seen a 24% increase over the past 24 hours, reaching $195 million. However, this figure only represents the spot market. Meanwhile, according to CoinGlass, the volume of trading in SHIB derivatives - perpetual futures, to be exact - grew by nearly...

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Solana (SOL) For the past six months, Solana has been stuck in a flat trend and recently made a lower low. This is not bullish and is rather concerning for anyone hoping for higher levels. The price also closed the week with a 9% loss. While support at $130 has held well to date, this does not guarantee that it will be tested again in the future. Even if the...