Good morning, everyone! Today, we're going to dive into an intriguing aspect of the forex market, focusing on how the US Consumer Price Index (CPI) impacts the GBP/USD currency pair. Understanding this relationship is crucial for traders and investors who navigate the complexities of forex markets. Understanding US CPI First, let's understand what the US CPI...
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The Securities and Exchange Commission has extended the deadlines for four Bitcoin ETFs. The Commission cited the need for additional time to “take action on the proposed rule change.” Cryptocurrency proponents remain hopeful for the approval of a US Bitcoin ETF in the near future. Exercising its statutory powers, the SEC has extended the time frame for revealing...
The live Automata Network price today is $1.25 USD with a 24-hour trading volume of $36,060,827 USD. We update our ATA to USD price in real-time. Automata Network is up 6.30% in the last 24 hours. The current CoinMarketCap ranking is #271, with a live market cap of $215,451,290 USD. It has a circulating supply of 172,252,000 ATA coins and the max. supply is not...
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What Is Gala Games (GALA)? Gala Games aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games mission is to make “blockchain games you’ll actually want to play.” The project wants to change the fact that players can spend hundreds of dollars on in-game assets, and countless hours spent playing the...
Decentralized identity authentication and user activity data management Infrastructure. Build on Substrate, Ready for Polkadot. Litentry is helping support change that is in favor of a user-centric network with the blockchain. Litentry includes an identity-based network and related tools, features an identity matching and identity staking mechanism, as a whole it...
Wall Street dipped on Wednesday on concerns that the spread of the Delta coronavirus variant could slow economic growth and on uncertainty over the timeline for the Federal Reserve to pull back its accommodative policies. Shares of tech heavyweights were among losers with Microsoft Corp (NASDAQ:MSFT), Facebook Inc (NASDAQ:FB) and Google-owner Alphabet...
The benchmark indices traded in a range during early afternoon trade. The Nifty index was hovering above 17,350 level. Media stocks extended gains for the fourth consecutive session. At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 161.04 points or 0.28% at 58,290.99. The Nifty 50 index gained 44.80 points or 0.26% at 17,368.40. The Sensex hit record...
Gold has lost its last week's gains as prices dropped below $1,800 an ounce on Tuesday as a stronger U.S. dollar and higher U.S. Treasury yields put pressure on the precious metal. The market is anticipating that the Federal Reserve can continue to ignore rising inflation following a big miss on the U.S. employment front. "Gold prices tumbled as Treasury yields...
Bitcoin price declined over 15% and tested $42,000 against the US Dollar. BTC is recovering, but it could face sellers near the $48,500 and $49,000 resistance levels. Bitcoin started a major decline below the $50,000 and $48,500 support levels. The price is now trading well below $50,000 and the 100 hourly simple moving average. There was a break below a key...
In August the Mexican peso weakened from 19.848 to 20.071 against the US dollar. Economists at MUFG Bank expect MXN to depreciate from the 4Q onwards amid tapering cycle in the United States. Mounting COVID-19 cases and deaths with Delta variant, and sluggish vaccination rollout in Mexico “Assuming that FED tapering starts later this year and it will carry on at...
U.S. stocks were mixed after the close on Friday, as gains in the Technology, Healthcare and Telecoms sectors led shares higher while losses in the Utilities, Basic Materials and Oil & Gas sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.21%, while the S&P 500 index declined 0.03%, and the NASDAQ Composite index climbed...
The gold & silver market is pushing significantly higher, following a significant miss in the U.S. labor market with fewer jobs created in August. Friday, the U.S. Labor Department said that 235,000 jobs were created last month. The data was weaker than expected as consensus forecasts called for jobs gains of 720,000. While the headline data saw a significant...
The gold market still has a path to $2,000 in the second half of the year as the precious metal is undervalued in a world awash with liquidity, according to the latest research from Bloomberg Intelligence (BI). In a report published Wednesday, Mike McGlone, senior commodity strategist at BI, said that within the metals complex, gold appears to have the most...
What Is Synthetix (SNX)? Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to...
Almost 175 million XRP were moved to the "taconstand" wallet that belongs to Jed McCaleb and was set up when Ripple Labs started – back in 2012. The amount of 174,862,720 XRP totals approximately $210,051,020. Earlier today, it was reported that McCaleb's "tacostand" wallet's balance is now 709,911,469 XRP. Researcher Leonidas Hadjiloizou tweeted that the wallet...
Bitcoin, the world’s first and largest cryptocurrency, is back above $50,000 on Thursday. Bitcoin reached this level on August 23, before pulling back. BTC is up 5.5% in the last 24 hours, according to CoinGecko, peaking at the local high of $50,171. With a market cap of $941.6 billion, Bitcoin currently dominates 40.6% of the market. While this can be...