Rebecca Duthie

Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance. 

The Markets Still Hope That The Fed May Consider Softer Decision

Eurozone inflation declines for the first time in 17 months indicating that a peak has been reached

Rebecca Duthie Rebecca Duthie 30.11.2022 19:09
Summary: Latest eurozone inflation reading could suggest a peak has been reached. Eurozone inflation came in at 10% for October. The ECB is expected to raise rates by 0.5 percentage points. Eurozone inflation may have reached its peak The European Central Bank (ECB) may be able to switch to smaller interest rate increases next month as a result of the eurozone's inflation declining for the first time in 17 months and suggesting that the largest price spike in a generation has peaked. According to data released by the EU's statistics agency on Wednesday, a slowdown in energy and services prices led inflation in the single currency bloc to fall more than predicted to 10% in November, down from a record 10.6% in October. Recently, there has been increased optimism that inflation in the eurozone is falling due to a decline in wholesale energy prices in Europe and the alleviation of supply chain bottlenecks. Additionally, US inflation decreased in October, and worldwide data signs point to the pinnacle of this year's raging global inflation. The ECB is expected to raise rates by 0.5 percentage points when its governing council meets on December 15 after two consecutive 0.75 point increases, according to economists, as a result of the slowing rate of inflation in the eurozone. However, price rise in the region is still above the ECB's 2% target, and some officials contend that in order to prevent a harmful wage-price spiral from taking root, rates must be rapidly raised even as inflation slows. The widely watched core inflation rate, which excludes more erratic energy and food costs to provide analysts with a clearer picture of underlying pricing pressures, remained steady at 5%. Sources: ft.com, twitter.com
Yen (JPY) Takes A Stab At Resilience, The Grains Sector Has Survived Well

WTI Crude oil prices supported by a fall in US supply, palladium futures touching 5-month lows, wheat futures touching 3-month lows

Rebecca Duthie Rebecca Duthie 30.11.2022 19:06
Summary: US oil inventories decreased by almost 8 million barrels last week. A worsening Covid-19 situation in China further weakened demand outlook for palladium. Wheat futures were under pressure from ongoing shipments out of Ukrainian Black Sea ports. WTI Crude up for their 3rd consecutive session On Wednesday, WTI crude futures increased for the third session in a row, approaching $79 a barrel as an industry report indicated a significant decline in US crude stocks and a forthcoming OPEC+ meeting stoked concerns about additional production restrictions. According to API statistics, US oil inventories decreased by almost 8 million barrels last week, far more than the predicted decline of 2.487 million barrels and following a decrease of 4.819 million barrels the week before. When OPEC+ meets on December 4 to decide on output strategy, there is speculation that the cartel will further reduce supply to counteract market weakness. On the demand side, the news that China would increase vaccination among its senior citizens helped to push up oil prices. This comes as pressure mounts on the world's top crude importer to pursue economic reopening in the wake of protracted protests. WTI Crude Futures Price Chart Palladium demand outlook is bleak In line with other commodities, palladium futures dropped to below $1,900 per ounce, getting closer to a 5-month low of $1,800 set on November 3rd as a worsening Covid-19 situation in China and more lockdowns weakened an already weak demand outlook. Prices for palladium are 40% lower than they were in March due to palladium's substitution by platinum, rising interest rates, and sluggish economic development. After four straight 75 bps rises, the Federal Reserve, the most powerful central bank in the world, is anticipated to boost the fed funds rate by 50 basis points in December. Furthermore, despite the price increase and supply chain disruptions, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet returned to its pre-pandemic levels. The palladium market is projected to be balanced or in deficit this year and next year, according to analysts who predict supply-demand balances. Palladium Mar ‘23 Futures Price Chart Wheat futures touching 3-month lows Chicago wheat futures were under pressure from ongoing shipments out of Ukrainian Black Sea ports, which led to a further decline to below $7.7 in late November, the lowest level in more than three months. After a time of supply uncertainty, Russia consented to a four-month extension of the UN-mediated agreement that secures a trade route for ships transporting Ukrainian grain in the Black Sea. According to Ukrainian authorities, since the agreement's inception on August 1st, the nation has been able to export more than 11 million tonnes of grain via ships, greatly allaying scarcity concerns for the following marketing year. In consequence, increased Black Sea supplies are expected to give US participants the opportunity to stockpile desperately needed goods in 2022–2033. Meanwhile, US farmers may decide to allocate farmland to wheat instead of soybeans due to lower expectations for China's soybean demand amid widespread lockdown protests, which would also increase the supply. Wheat Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
Crypto Market Buzzes with Potential Launch of US Bitcoin ETFs

Inflation in the Eurozone fell for the first time since July, AUD one of the best performing currencies in the G10

Rebecca Duthie Rebecca Duthie 30.11.2022 19:03
Summary: On Wednesday, the dollar gained support as Bureau of Labor Statistics data. The ECB is expected to pause the pace of interest rate hikes. AUD benefited from the Renminbi's latest rally. U.S labor statistics offer USD support The market is reflecting bearish signals for this currency pair. The annual inflation rate for the Euro Area is 10% in November, down from 10.6% in October and marking the first decrease since July 2021. Energy, food, alcohol, and tobacco are not included in core inflation figures, which remained stable and had a 5% reading that was in line with expectations. The figures, together with weaker readings from Belgium, Germany, and Spain, will undoubtedly give the European Central Bank much to think about before its meeting on December 15. The market's concern is if they are prepared for the Fed to slow the pace down to 50bp after raising interest rates by 75bp at its last two sessions (Markets currently pricing in 54bp). A slowdown may not be in the cards, according to recent remarks from ECB President Christine Lagarde, who claimed that inflation has not yet peaked. On Wednesday, the dollar gained support as Bureau of Labor Statistics data suggested that the U.S. economy's recovery from the depths of a previous technical recession in the third quarter was more robust than previously thought. EUR/USD Price Chart ECB expected to slow interest rate hiking cycle The market is reflecting mixed signals for this currency pair. Following the announcement of Eurozone inflation statistics that arrived at a lower-than-anticipated rate, the European Central Bank (ECB) is expected to pause the pace of interest rate hikes with a 50 basis point move the following month. However, considering that core inflation is set at 5%, substantially over the ECB's preferred level of 2.0%, the ECB cannot afford to relax just yet. With prices still relatively high, the British pound is still in a phase of consolidation. EUR/GBP Price Chart AUD one of the best performing G10 currencies Midweek trading saw a further decline in the Pound to Australian Dollar exchange rate from recent highs around 1.80. Going forward, it is probable that the pair will fluctuate between 1.7660 and 1.8046 as a tug-of-war between the strong U.S. Dollar and the strengthening Chinese Renminbi takes place. Australia's Dollar was one of the best-performing currencies in the G10 on Wednesday as the Asian region's currencies benefited from the Renminbi's latest rally and the antipodean currency itself seemed to benefit from official data that revealed a surprising drop in Australian inflation rates for October. Australian inflation decreased in October from an annual rate of 7.3% to 6.9%, whereas the majority of economists had predicted a rise to 7.6%. This downward surprise was caused by lower price increases for the majority of items included in the consumer price index. GBP/AUD Price Chart Sources: dailyfx.com, poundsterlinglive.com, finance.yahoo.com
Dollar (USD) Waits For The Jackson Hole Symposium Results. Nvidia With Good Earnings

Failure of investors to ask enough questions, Europe's energy price cap struggles, China’s covid dilemma.

Rebecca Duthie Rebecca Duthie 30.11.2022 09:37
Summary: A broad failure of investors asking questions before investing in start-ups has been exposed this past month. The EU has worked to quickly reduce its reliance on Russian fossil fuels. This week, rallies against Beijing's "zero-Covid" policy took place. Investors failure to ask questions weighing on the investment industry’s reputation The professional investment industry's reputation has had a terrible month. The demise of FTX exposed the fact that a cryptocurrency exchange with fewer financial controls than Enron had been receiving investments from everyone, from edgy hedge funds to conservative pension and sovereign wealth funds. For Theranos, a fraudulent blood-testing business that duped media magnate Rupert Murdoch and Oracle founder Larry Ellison, Elizabeth Holmes was given an 11-year prison term. Shares of IT companies that went public in the 2020–21 Spac craze are down significantly, and many crypto firms are in peril. Despite claiming to be "supported by the greatest," including SoFi, Tiger Global, and Peter Thiel, BlockFi filed for bankruptcy on Monday. Veteran Silicon Valley dealmakers claim that when venture investors stopped attempting to identify and support the most intelligent entrepreneurs and instead began doling out cash, standards have slowly eroded. The VC model has always assumed that the majority of start-up businesses fail, but that investors are made up for their losses by investing in advance of a few significant winners. However, this strategy has evolved from early investment rounds involving a few million dollars to massive agreements involving billions due to decades of easy money and a lack of respectable yields from safer alternatives. Doesn’t anyone do due diligence any more? https://t.co/hIiUn78Qbn — Financial Times (@FT) November 30, 2022 Europe’s energy price cap struggles Since the start of the crisis in Ukraine, the EU has worked to quickly reduce its reliance on Russian fossil fuels while keeping costs under control, but the outcomes of these efforts have been rather uneven. More swiftly than many officials and analysts had anticipated, the bloc has been able to reduce its reliance on Russian oil and gas, but efforts to address the region's skyrocketing energy costs have resulted in bitter disagreements in the EU's capitals. Critics who claimed that a cap on month-ahead wholesale gas of €275 per megawatt hour, as proposed by Brussels last week, would not have addressed this summer's price increase called the idea a "laugh." RePowerEU, a €210 billion plan presented by the EU in May, aims to boost domestic fossil fuel production while accelerating the deployment of renewable energy sources. After energy ministers agreed to a voluntary goal to cut consumption by 15% across the bloc in July, there has also been success in reducing gas demand. Previously, about 40% of the EU's supply came from Russian pipelines; today, that percentage is less than 8%. EU members have started to replace the 155 bcm of Russian pipeline gas each year. Price cap problems: Europe struggles to form a wartime energy policy https://t.co/3oGhcZTgwH — Financial Times (@FT) November 30, 2022 China’s covid predicament China is in a situation that is essentially hopeless. This week, rallies against Beijing's "zero-Covid" policy took place in numerous places around the nation, revealing a level of public rage not seen since the 1989 Tiananmen Square protests. However, relaxing China's Covid regulations and possibly igniting a "exit wave" of infections might result in the wintertime deaths of hundreds of thousands, if not millions, of senior individuals. The harm that this situation is doing to China's reputation as a whole as well as its president, Xi Jinping, is real. Despite the skilled efforts of Chinese censors to artistically remove crowd scenes from World Cup coverage, TV images of maskless crowds watching the World Cup in Qatar only serve to reinforce the perception that Beijing has been slow to end the pandemic. The danger to many of China's elderly citizens' lives is only one aspect of the emergency that the country is facing. The recent Covid infection wave could spiral out of control, overwhelming an already overburdened public health system with its sheer number of cases. If this occurs, public resentment of Xi's regime may increase even more. Beijing must understand that the protesters on the streets are expressing justifiable complaints. China’s dire Covid predicament https://t.co/42QIWiWS97 | opinion — Financial Times (@FT) November 29, 2022 Sources: ft.com, twitter.com
Sunrun's Path to Recovery: Analysts Place Bets on High Growth Amidst Renewable Energy Challenges

HSBC to sell its Canadian operations for $10 billion to the Royal Bank of Canada

Rebecca Duthie Rebecca Duthie 29.11.2022 19:28
Summary: HSBC has agreed to sell its Canadian operations to RBC. HSBC’s share price increased on Tuesday. RBC's acquisition represents the country's first significant domestic transaction in ten years. HSBC to sell its canadian operations to RBC As the lender curtails its global network outside of Asia in response to demands from its largest investor to separate, HSBC has agreed to sell its Canadian operations to Royal Bank of Canada for $10 billion. On hearing about the purchase, HSBC's shares increased by over 5%. The bank also indicated that it would return some of the proceeds to investors. With the acquisition, RBC gained 130 locations and more than 780,000 retail and business clients. If authorities accept the merger, RBC, who is now Canada's largest lender by assets, would strengthen its position. The biggest stakeholder at HSBC, the Chinese insurer Ping An, has been exerting consistent pressure on Quinn and chair Mark Tucker to separate the bank's Asian and western operations. In an era of hostile US-China geopolitics, Ping An has criticized the bank for years of subpar performance, chronically high costs, and a declining share price, arguing that the bank can no longer efficiently operate by straddling east and west. The sale in Canada comes after comparable divestitures of unprofitable consumer businesses in France and the US. When HSBC sold its French retail network to Cerberus for €1 last year, it suffered a $3 billion loss. The business was Canada's sixth-largest bank with assets of CAD134 billion, and RBC's acquisition of it represents the country's first significant domestic transaction in ten years. Most lenders have chosen to expand in the US instead of Canada due to concerns about competition in that country's highly consolidated banking sector. BNP Paribas and Bank of Montreal reached an agreement last year to sell the San Francisco-based Bank of the West for $16.3 billion. HSBC Price Chart Sources: ft.com, finance.yahoo.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

Gold supported by a falling US dollar, NGAS fell in the wake of weaker demand expectations, Cotton touching 4-week lows

Rebecca Duthie Rebecca Duthie 29.11.2022 19:15
Summary: Gold rose, recovering the majority of its losses from the previous session. In anticipation of weaker demand, US natural gas futures were trading down from a two-month high. Recession expectations weighing on cotton prices Gold futures rose on Tuesday As the dollar fell on Tuesday, gold rose beyond $1,750 an ounce, recovering the majority of its losses from the previous session. Investors were still determining the likely course of US monetary policy. After US Federal Reserve officials indicated that interest rates will continue to rise well into next year, the yellow metal fell by about 1% on Monday. However, after delivering four consecutive 75 basis point rate hikes, it is largely anticipated that the Fed would moderate the pace of its rate hike to 50 basis points in December. Investors anticipate numerous US economic releases this week as well as Fed Chair Jerome Powell's speech on Wednesday for new information regarding the central bank's plans to tighten monetary policy. The rate outlook has a significant impact on gold because it makes holding non-yielding bullion more expensive, decreasing its appeal. Gold Dec ‘22 Futures Price Chart NGAS’s decline on weaker demand expecations In anticipation of weaker demand, US natural gas futures were trading at around $7.3/MMBtu, down from a nearly two-month high of $8/MMBtu reached on November 23. Recent weather predictions predict milder conditions over the following two weeks. Nevertheless, costs are anticipated to stay high due to expectations of a significant demand for heating during the winter. Investors continued to express anxiety about potential interruptions in the coal supply. The largest US rail union's members rejected a tentative contract agreement reached in September, increasing the likelihood of a year-end strike that could halt coal shipments and make power plants burn more gas. At the same time, Europe is clamoring for US exports after Russia threatened to further reduce supplies. The Freeport LNG export plant in Texas, which had to shut down due to a fire in June, anticipates starting to resume operations in mid-December. NGAS Dec ‘22 Futures Price Chart Cotton touching 4-week lows On the back of declining demand brought on by worries about an impending global recession, rising supplies, and at their lowest level in over four weeks, cotton futures were trading at approximately 78 USd/Lb. The most recent US Department of Agriculture cotton projections for 2022–2023 showed reduced worldwide demand forecasts for 2022–2023 and a marginal increase in global cotton production from 2021/22. With 14.0 million bales produced, the US, the world's largest cotton exporter, saw production rise by around 1.5% as rises elsewhere more than made up for a decline in the Southwest. A 300,000-bale reduction in mill use in Pakistan and Bangladesh is expected to result in a 650,000-bale decrease in worldwide cotton consumption this month. Cotton Mar ‘23 Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
Czech National Bank Prepares for Possible Rate Cut in November

German CPI inflation missed market expectations, CAD down around 2% on Tuesday

Rebecca Duthie Rebecca Duthie 29.11.2022 19:10
Summary: Signs of an industrial slowdown in the Eurozone emerged. Eurozone inflation could have taken a larger step toward its peak. Renminbi weighing on the CAD Worries of a global recession continue The market is reflecting bullish signals for this currency pair. Consumer confidence in the Eurozone for November came in at the expected level, but after actual data came in below expectations, signs of an industrial slowdown emerged. This may be related to concerns about a global recession as well as the effect of China on demand-side issues. After China is said to have deescalated tensions and given the euro a boost, yesterday's hawkish commentary from Fed officials and China's ongoing COVID crisis did not hold. The Eurozone has strong ties to China, which can expose the euro to weakness in the event of negative Chinese news. Yesterday, Christine Lagarde of the ECB noted that interest rates still have a ways to go. EUR/USD Price Chart German CPI inflation missed market expectations. The market is reflecting bearish signals for this currency pair. The Eurozone has strong ties to China, which can expose the euro to weakness in the event of negative Chinese news. Yesterday's hawkish commentary from Fed officials as well as China's ongoing COVID crisis did not hold true today. Interest rates still have a long way to go, according to Christine Lagarde of the ECB, who said that yesterday. According to Destatis, Germany's annual inflation rate for the year ending in November was 10%, down from 10.4% in October and below the consensus estimate of 10.4%. The information was released ahead of Wednesday's CPI inflation report, which currently appears to be on track to fall short of expectations. GBP/CAD Price Chart CAD lost around 2% on Tuesday Early in the new week, the Canadian Dollar dropped significantly against all major currencies due to a rolling underperformance that increased USD/CAD and GBP/CAD despite widespread declines in U.S. Dollar exchange rates, giving the Loonie the appearance that it might be about to roll over. On Tuesday, the Canadian Dollar experienced losses of over two percent against the rising Chinese Renminbi and Korean Won, but what was considerably more dramatic than this price action was the one percent rise in the USD/CAD, which surged swiftly and even as most other U.S. exchange rates sank. GBP/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Central Banks' Rates Outlook: Fed Treads Cautiously, ECB Prepares for Hike

Europe’s governments are concerned about energy supplies over the winter and the future of Russian gas imports, Musk’s war with APPL

Rebecca Duthie Rebecca Duthie 29.11.2022 12:00
Summary: Governments in Europe remain concerned about how they will provide heat and electricity to their citizens. The EU region still relies on Russia for the essential fuel. Elon Musk is going to war with Apple (AAPL). Europe's energy crisis Governments in Europe have been concerned about how they will provide heat and electricity to their citizens ever since Russia invaded Ukraine. Although the energy crisis was initially brought on by gas shortages, it is now anticipated that the biggest burden will be placed on the electricity network, which is partially dependent on gas. The gloomy outlook for this winter has been slightly brightened by the mild weather, but the European electrical infrastructure will face its hardest test yet in the months and years to come.  The world's most dependent region in terms of electricity commerce accounts for more than 15% of power in Europe in a normal year. The gas crisis in the EU has occurred at the same time as other power-related issues, such as significant nuclear fleet failures in France and low hydro levels in Norway. Governments from Germany to Slovakia are already debating whether or when to cut back on electricity exports to their neighbors as a result of the possibility of blackouts and sky-high electricity costs at home. A stretch of warm weather in November, along with large gas reserves and attempts to cut use, have allayed initial concerns of a power outage. The coldest months, January and February, when heating requirements will be at their peak, continue to raise worries. As wealthier nations take efforts to keep domestic energy prices low, political conflicts over electricity prices have already erupted amongst EU member states in Brussels.  The unified market that underpins European power trading is beginning to erode as a result of these regulations, and they are also opening up opportunities for businesses or nations to cut back on electricity exports. In Europe, people could face energy blackouts this winter. To understand what is at stake, the Financial Times explores how the European energy grid actually works 🧵 https://t.co/KnLLWguMOh — Financial Times (@FinancialTimes) November 29, 2022 Russian seaborne gas imports The EU region still relies on Russia for the essential fuel, despite the fact that pipeline supplies have all but ceased, as seen by the record volume of Russian gas being imported into Europe by sea. Despite Brussels' efforts to move away from Russian sources, imports of Russian liquefied natural gas, which is typically transported on large tankers, increased by more than 40% between January and October this year compared to the same period in 2021. This shows how difficult it is for Europe to wean itself off gas from Moscow. With a divide forming between nations like Spain and Greece in favor of a ceiling on gas prices, while Germany, Denmark, and the Netherlands have remained skeptical of such a move, European unity is already being put to the test. In the meantime, Hungary and Gazprom agreed to a new gas agreement in August. Europe’s imports of Russian seaborne gas jump to record high https://t.co/nFjls79OyZ — FT Commodities (@ftcommodities) November 28, 2022 Elon Musk at war with Apple Elon Musk is going to war with Apple (AAPL). On Monday, the CEO of Tesla (TSLA) and the newly appointed head of Twitter went to his social media platform to criticize Apple for its 30% App Store fees and the iPhone manufacturer for reducing its online advertising.  Musk questioned whether Apple actually opposes free speech in America in a series of tweets in which he claimed the corporation was stifling speech by imposing strict content guidelines on apps sold through its app store. Tim Cook, the CEO of Apple, was particularly mentioned by Musk in one tweet. Musk claims that Apple has ceased running the majority of its Twitter advertisements. If this is the case, Apple wouldn't be the only company to decide to stop running ads on Twitter. In the weeks following Musk's turbulent takeover, businesses ranging from GM and VW to General Mills and Eli Lilly have either reduced their platform ad expenditure or quit advertising entirely. Musk also responded to a tweet from The Verge's deputy editor Jake Kastrenakes, who claimed that if Twitter doesn't comply with Apple's moderation requirements, the social media platform will be kicked out of the App Store.   Elon Musk goes to war with Apple over App Store fees, moderation https://t.co/7vRRfjgmfh by @DanielHowley pic.twitter.com/1D3w9PG4PC — Yahoo Finance (@YahooFinance) November 29, 2022 Sources: twitter.com, ft.com, finance.yahoo.com
EUR/USD Faces Ongoing Decline Amid Budget and Market Turbulence

Meta fined by Irish regulators amidst privacy concerns

Rebecca Duthie Rebecca Duthie 28.11.2022 19:04
Summary: Meta has frequently been the target of privacy regulators around the world. Irish privacy authorities announced a fine for Meta. Meta fined by Ireland’s privacy authority Ireland's privacy authority has fined Meta, the parent company of Facebook and Instagram, €265 million for its treatment of user data, bringing the total amount the technology giant has been fined by European regulators to close to €1 billion. The Irish Data Protection Commission's announcement of the fine on Monday brings to a close an investigation that began in April of last year after information about more than 500 million Facebook and Instagram users was posted online. Since the company's European headquarters are located in Dublin, Ireland's data watchdog frequently leads the charge in Europe. Meta has frequently been the target of privacy regulators around the world. The most recent punishment is a further setback for Meta, which earlier this month let go more than 11,000 employees as it restructured its operations in response to a decrease in revenues and intense competition from rivals like TikTok. From $10.39 billion the year before, Meta's net income decreased to $6.69 billion. The Irish fine is related to a feature that allows users to import contacts from their phones into the Facebook or Instagram app in order to find friends and acquaintances. 2019 saw the publication on a hacking forum of the personal information of 533 million people from 106 different countries, including names, addresses, and some email addresses. The vulnerability on this feature, where data could be gathered by outside parties through a procedure called scraping, was later fixed by Facebook. Companies who violate the bloc's privacy laws risk fines of up to 4% of their global revenue. Other countries have pursued privacy violations as well. The largest ever fine for violating the EU's GDPR regulations was levied against Amazon last year by Luxembourg, who fined the company €746 million for violating data privacy laws. Meta Price Chart Sources: finance.yahoo.com, ft.com
Crude oil went up after news about missile, which landed in Poland. Black gold said to be affected by situation in China

Silver futures supported by constrained supplies, Brent Crude touching January lows, corn futures

Rebecca Duthie Rebecca Duthie 28.11.2022 17:14
Summary: Silver supported by demand optimism and constrained supplies. Brent crude weighed down by lack of investor confidence. Corn futures up more than 12% in 2022. Silver trading near 5-month highs Near the five-month high of almost $22 that was set on November 14th, silver futures were trading at roughly $21.5 per ounce, supported by a combination of demand optimism and constrained supplies. White metal demand is anticipated to reach a new record high globally in 2022, spurred by post-pandemic industrial and physical investment needs. The long-term picture for the commodity's demand was further improved by the global governments' commitment to green technologies. Prices were also bolstered by indications of limited supply, as New York's COMEX inventories decreased by 70% to just over 1 million tonnes over the previous 18 months. Additionally, the London Bullion Market Association stockpiles dropped to a record-low 27.1 thousand tonnes in November for the tenth consecutive month. In addition to the demand-supply dynamics, the Federal Reserve's potential for a more gradual tightening of monetary policy has given silver bulls hope. Silver Dec ‘22 Futures Price Chart Brent Crude fell more than 2% On Monday, Brent oil futures fell more than 2% below $82 a barrel, reaching their lowest levels since January as huge demonstrations against China's tight zero-COvid policy undermined investor confidence and the outlook for demand. Reports that the US has given Chevron Corp. permission to restart oil production in Venezuela put additional downward pressure on oil prices. The top crude importer China is experiencing Covid-related uncertainty, and growing concerns about a global economic downturn have seized the energy markets. This is the fourth week in a row that the international oil benchmark has fallen. The G7's intention to control the price of Russian oil continued to be followed by traders, but news of a high cap on the price allayed concerns that Russia would respond by reducing production. Investors are still being cautious ahead of the OPEC+ meeting on December 4 since it is anticipated that the major producers will maintain tight supply. Brent Crude Oil Futures Price Chart Corn has increased more than 12% in 2022 Trading on a contract for difference (CFD) that tracks the benchmark market for this commodity shows that corn has increased 71.68 USd/BU or 12.08% since the start of 2022. Corn Mar ‘23 Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
The GBP/USD Pair Did Not Reach The Nearest Target Level Of 1.2259

Eurozone’s future is clouded by economic unrest in China, GBP’s future for the week lies in the hands of external variables

Rebecca Duthie Rebecca Duthie 28.11.2022 17:10
Summary: The EUR/USD exchange rate has benefited from the final quarter's risk asset rally. The GBP made gains this week in a market that was favorable to riskier assets. Euro opened weaker on Monday, weighed down by the Chinese economy The market is reflecting mixed signals for this currency pair. Although technical resistances near 1.04 on the charts have recently held back the recovery of the Euro to Dollar exchange rate, it could succumb to losses this week that push the single currency back toward 1.0303 or lower in the coming days. The Euro to Dollar exchange rate has benefited significantly from the final quarter's risk asset rally. Since financial markets adopted an upbeat perspective on the outlook for China in its ongoing fight against the coronavirus and for the U.S. as the Federal Reserve (Fed) attempts to get the better of inflation, the single currency of Europe has almost completely reversed this year's losses against the Dollar. The world's second-largest economy is currently experiencing restrictions due to the coronavirus, and there have been public demonstrations against these limits in several parts of China. This has put the euro on the back foot on Monday. The Chinese economy is also, in some respects, Europe's second-largest export market, which contributed to the weak start for the Euro on Monday, and the ongoing economic unrest in China further clouds the future for the Eurozone. EUR/USD Price Chart GBP’s future depends on external variables The market is reflecting mixed signals for this currency pair. The technical resistance for the Pound to Euro exchange rate is placed near 1.1667, and it started the new week close to November highs. The pound made some gains this week in a market that was favorable to riskier assets and unfavorable to the dollar, but it was unable to go over 1.1667 versus the euro, which is quite close to the 78.6% Fibonacci retracement of the late-August downturn in GBP/EUR. Technical resistance at that level previously prevented the Pound's October recovery from the lows it reached after the budget event in September, and it may do so again this week as a light UK economic calendar puts external variables in charge of Sterling's direction. EUR/GBP Price Chart GBP may struggle to move forward in the coming days The market is reflecting mixed signals for this currency pair. The GBP/USD exchange rate has more than partially recovered this year's decline, but it now faces the possibility of a corrective setback that could push it back around 1.20 or possibly below it during the next several days. Last week, sterling increased in a market that was favorable for riskier assets and unfavorable for the U.S. dollar, but it was unable to overcome a double-barreled layer of technical resistance and may now find it difficult to move forward in the coming days. This is partially due to events that occurred over the weekend in China, where new discontent over the most recent round of restrictions connected to the coronavirus is likely to keep financial markets focused on the significant financial consequences of the government's ongoing efforts to contain COVID. That might reduce risk appetite on the global markets and put the pound to dollar exchange rate on the defensive from the start of this week. GBP/USD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
India’s Investing In Program For The Green Hydrogen Industry | Covid Situation In China Is Getting Serious

China stocks weighed down by COVID-19, shaky recession predictions, Goldman Sachs predictions for the U.S stock market

Rebecca Duthie Rebecca Duthie 28.11.2022 13:30
Summary: Since the start of the epidemic, China has struggled with its deadliest coronavirus outbreak. The argument that this recession will be "brief and shallow" risks complacency. The stock market had a poor year, and U.S. equities investors may not have much to look forward to in 2023. China’s latest COVID-19 outbreak Since the start of the epidemic, China has struggled with its deadliest coronavirus outbreak. Large-scale demonstrations have been provoked by the lockdowns Beijing ordered to stop the spread of disease. Market movements on Monday indicated escalating financial concerns due to political unpredictability. This past weekend saw protests start in a number of cities, including Beijing, Shanghai, and Wuhan. In Xinjiang, a fatal residential fire fueled protesters' rage against the government's policies. Party officials have been hesitant to import large quantities of foreign vaccines that are superior to the domestically produced Sinovac jab. Instead, they have turned to strict lockdowns. The effect on china’s stock market The commodities markets were initially affected by public unrest. Copper, iron ore, crude oil, and coal prices all increased last week's severe declines. This indicated a decline in demand from China, the biggest importer in the globe. Local stocks experienced a steep dip in early trading before partially recovering. The few equities that did increase made the situation even worse. One of the largest manufacturers of ventilators and oxygen inhalers, Jiangsu Yuyue Medical Equipment, increased by more than 5% on Monday, adding to gains of more than 50% over the previous six months. That was a reflection of the high infection rates and the anticipated demand for numerous additional hospital beds and intensive care units. Performance deviates from fundamentals when unpredictably political decisions are made in stock markets. Then, investors should hold off on adding more money and think about selling. That category has included Chinese tech firms for a while. Whether the Chinese market as a whole is becoming uninvestable is the current question. China: stocks becoming uninvestable amid lockdowns and protests https://t.co/TRpsgfmWZM | opinion — Financial Times (@FT) November 28, 2022 Recession complacency You would think that consensus forecasters would be more flexible in how they define the US recession they expect to occur in 2023 after the chastening delivered by last year's temporary inflation call. However, they assert with assurance that this recession will be "brief and shallow" and urge us once more to "see through" a significant development. There are concerns that this could be a repetition of the cognitive and behavioral fallacies that were present in the disastrous inflation call made last year, the effects of which we are still dealing with. The populace as a whole does not necessarily agree with what is true for the economy as a whole. The most vulnerable individuals and businesses have already depleted their funds, have fewer possibilities for employment and less access to low-cost financing. They have a negative influence on growth that is difficult for the wealthy to make up for. While inflation will decline over the coming months, rate stickiness of around 4% is likely to continue. There are numerous causes for this, including changes in wages, the evolving nature of globalization, the long-term effects of rewiring supply chains, and the energy transition. The consensus forecast on recession risks complacency https://t.co/fCQoW2YK4a — Financial Times (@FT) November 28, 2022 US Stocks as predicted by Golman Sachs The stock market had a poor year, and U.S. equities investors may not have much to look forward to in 2023, according to Goldman Sachs strategists. The analysts described a scenario in which there will likely be no change in the benchmark S&P 500 next year due to little earnings growth in Corporate America. The top investment bank on Wall Street forecasts that S&P 500 earnings per share will remain steady in 2023 at $224 and that the index will close the year at 4,000. The S&P 500's closing price on Friday was 4,026.12. The index's three-month target from Goldman is 3,600, down about 10% from where it was as of Friday's close, and its six-month target is somewhere around 3,900, down about 3%. The firm's ideal situation is for there to be no stock market gain. The S&P 500 could experience a "hard landing" in 2023 and drop to 3,150 in early '23, a 20% decline from current levels, if the Fed's interest rate hikes cause a sharp decline in the U.S. economy. Goldman Sachs sees stocks enduring 'less pain but also no gain' in 2023 https://t.co/rtFMkouYSf by @alexandraandnyc — Yahoo Finance (@YahooFinance) November 28, 2022 Sources: ft.com, finance.yahoo.com, twitter.com
Euro eyes Services PMIs

Twitter’s closure of Brussels headquarters raises concerns

Rebecca Duthie Rebecca Duthie 24.11.2022 15:52
Summary: Elon Musk shut down Twitter's entire Brussels headquarters. Concerns about whether twitter has the manpower to ensure adherence to local legislation. Twitter sparking online safety issues After a disagreement over how the social network's content should be regulated in the Union, Elon Musk shut down Twitter's entire Brussels headquarters. According to the Financial Times, Julia Mozer and Dario La Nasa, who were in charge of Twitter's digital policy in Europe, left the business last week. The executives were instrumental in getting the business to abide by the landmark EU Digital Services Act, which went into effect last week and established new guidelines for Big Tech companies to protect users' privacy online. At the beginning of the month, other executives had already left the tiny Brussels headquarters after Elon Musk cut the number of employees in the company in half, from 7,500 to about 3,750, in the weeks following his £38 billion takeover. The CEO of Tesla and SpaceX tweeted that "the bird is liberated" after completing his platform acquisition. Thierry Breton, a European commissioner, curtly reminded everyone of the EU's content-moderation standards shortly after that and said, "In Europe, the bird will fly by our rules." As he began a hiring push, Mr. Musk had previously stated that Twitter's recent round of layoffs would end this week. Twitter’s global legislation The departures from Brussels are indicative of a global trend that started in India and moved to France, where regional Twitter executives who held important positions dealing with government officials suddenly left the company in recent weeks as a result of sweeping layoffs. This has raised concerns about whether the business has the manpower to ensure adherence to local legislation intended to monitor internet material, raising the possibility of legal action and regulatory action against the business. Data showing a 5% annual decline in hate speech removals from Twitter was released by the European Commission on Thursday. These problems come as Musk's attempts to overhaul Twitter's operations have encountered difficulties, particularly with regard to the user identity verification process. Sources: finance.yahoo.com, ft.com
World Platinum Investment Council CEO: ""The Platinum Market Is Forecast To Be In Deficit"

Platinum futures weighed down by COVID-19 lockdowns in China, gasoline touching 5-week lows, wheat futures touching 3-month lows

Rebecca Duthie Rebecca Duthie 24.11.2022 15:39
Summary: The supply side of the platinum market could experience a shortfall. Higher gasoline supply driving prices down. Wheat prices were under pressure from forecasts of plentiful supplies. Platinum demand looks dim As new outbreaks in top consumer China crushed hopes for a potential end to its zero-Covid policy, clouding the outlook for demand, platinum futures declined below the $1,000 per ounce barrier, sliding further from an eight-month high of roughly $1,050. According to statistics from the World Platinum Investment Council, the supply side of the platinum market could experience a shortfall of 219,000 ounces in 2023 as opposed to a surplus of 974,000 ounces in 2022. Beyond the reduction in supplies globally, there was ongoing concern regarding Russian exports. After South Africa, Russia is the second-largest producer of platinum worldwide. Platinum Jan ‘23 Futures Price Chart Gasoline hitting 5-week lows After a larger-than-expected inventory build last week allayed concerns about a tight market, gasoline futures continued to decline and fell to below $2.5 per gallon, moving closer to a five-week low hit below $2.4 earlier in the week. In contrast to market expectations for a smaller 383,000-barrel increase, the most recent EIA data showed that US gasoline stocks increased by 3.058 million barrels in the week ended November 18th, the largest weekly increase since mid-July. The report also revealed a 625,000 barrel drop in gasoline production, the first weekly decline since early October. RBOB Gasoline Dec ‘22 Futures Price Chart Wheat touching 3-month lows The fourth week of November saw the lowest price for Chicago wheat futures in three months as benchmark wheat prices were under pressure from forecasts of plentiful supplies. After a time of supply uncertainty, Russia consented to a four-month extension of the UN-mediated agreement that secures a trade route for ships transporting Ukrainian grain in the Black Sea. According to Ukrainian authorities, since the agreement's inception on August 1st, the nation has been able to export more than 11 million tonnes of grain via ships, greatly allaying scarcity concerns for the following marketing year. In consequence, increased Black Sea supplies are expected to give US participants the opportunity to stockpile desperately needed goods in 2022–2033. As a result of improved production in Australia and Kazakhstan offsetting probable decreases in Argentina and the EU, figures from the USDA's WASDE report increased predictions for the world supply and ending stocks for the upcoming marketing year, contrary to expectations of a decline. Wheat Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
The Bank Of England Has Warned That Negative Growth Will Extend All The Way

Eurozone recession may not be as bad as previously anticipated, demand for UK government bonds driving the GBP

Rebecca Duthie Rebecca Duthie 24.11.2022 15:34
Summary: Eurozone flash PMIs remain in the contractionary range. The GBP has just moved higher thanks to demand for UK government bonds. The value of the CAD has fallen as a result of falling oil prices. Eurozone economy still remains in contractionary range The market is reflecting bearish signals for this currency pair. The most recent flash PMIs for the Euro Area outperformed expectations this morning, but they are still firmly in the contractionary range. Although November's numbers were better than anticipated, the data point to the Euro Area's economy contracting by about 0.2% in Q4. A recession appears probable, but, as data provider S&P notes, the latest data provide hope that the severity of the slump may not be as severe as originally feared. The US dollar data and the most recent FOMC minutes will likely drive the pair into the weekend due to holidays in the rest of the day. EUR/USD Price Chart GBP supported by UK government bond demand The market is reflecting bearish signals for this currency pair. The British pound has just moved considerably higher thanks to demand for UK government bonds, and since the rest of the week will be quiet due to the U.S. Thanksgiving holiday, gains may hold. In tandem with a strong increase in the price of UK government debt, the Pound rose sharply versus the Euro, the Dollar, and other major currencies through Wednesday and into Thursday. The cost of funding mortgages and other financial products in the UK has decreased as a result of the increase in bond prices and the associated decline in their yields across different time tenors in the bond market. Bond yields are declining, which indicates a loosening of UK financial conditions and is positive for future economic growth. EUR/GBP Price Chart CAD weighed down by falling oil prices The value of the Canadian Dollar has fallen as a result of falling oil prices, and one industry analyst has predicted that a planned cap on Russian oil could have a disproportionately large effect on Canada. In the last 24 hours, the Canadian Dollar has fallen 1.5% against the British Pound due to a decline in oil prices. Canadian benchmarks are impacted by the decline in global oil prices, which reduces the possibility for the country to generate foreign money. Since the Canadian Dollar and oil market dynamics frequently correlate, the GBP/CAD exchange rate may soon be dependent on changes in the energy market. This linkage previously appeared to have disappeared. GBP/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Hawkish Fed Minutes Spark US Market Decline to One-Month Lows on August 17, 2023

Fed interest rate hikes predicted to slow down, Bob Iger takes over Disney for the second time, US mortgage payments soaring

Rebecca Duthie Rebecca Duthie 24.11.2022 10:46
Summary: The Fed is expected to abandon its campaign of raising interest rates by 0.75%. It might be more difficult for Iger to avoid redos now. In October, affordability for homebuyers declined. Federal reserve interest rate hikes expected to slow The "substantial majority" of Fed officials predict that the present rate of rate increases will soon need to be slowed. The Federal Reserve is expected to abandon its campaign of raising interest rates by 0.75% at its policy meeting next month, according to minutes from the central bank's policy meeting earlier this month that were published on Wednesday. The minutes revealed that, despite a potential slowdown in rate hikes, the Fed's ultimate target rate hike for this cycle has probably gone up recently. Persistent inflation, according to officials, indicates that rates will probably settle at amounts "somewhat higher than they had previously expected." On Wednesday afternoon, stocks increased after these minutes were made public. Several participants thought that the risk of financial system instability or disruptions increased with continuing fast policy tightening. Many participants believed that there was a great deal of ambiguity over the final level of the federal funds rate required to bring inflation back down to 2%, even if the new focus is on how high the Fed will hike rates. The remarks made by Fed Chair Powell at the press conference following the meeting at the beginning of the month were echoed in the minutes. At the central bank's most recent policy meeting, Fed Chair Powell laid the groundwork for beginning to slow down the pace of rate hikes, but stated that the question of when to moderate the size of increases is less significant than how high the central bank will ultimately raise rates to tame inflation. Fed minutes show 'substantial majority' support slowing pace of rate hikes https://t.co/hydBdfZc2Z by @Jenniferisms — Yahoo Finance (@YahooFinance) November 24, 2022 Disney: Bob Igers second chance Last year, Walt Disney gave Bob Iger a $10 million contract to counsel Bob Chapek, despite the fact that the two media firm CEOs seldom ever speak to one another. Iger, who oversaw Disney for 15 years, shocked the entertainment industry last week when he announced that he would take over as CEO of the organization after his handpicked heir Chapek was overthrown in a coup. Iger's rehiring put an end to an 11-month period during which he worked for a company other than Disney but maintained a tenuous connection to it thanks to a "consulting services" contract. It might be more difficult for Iger to avoid redos now that he has taken over as Disney's CEO for a second time after Bob Chapek was fired. Iger, who held the positions of chief until 2020 and chair until January, will review tactics that he is well-versed with. Disney's loss-making streaming division, which Iger announced with great hoopla in December 2020, will require a close examination from Iger. But unlike in the early phases of Disney's push into the industry, stockholders are no longer prepared to finance streaming expansion at any cost. Earlier this month, Disney stated that its quarterly operating losses had increased by $800 million to $1.5 billion as a result of the explosion of content. Disney awarded Iger $10mn consultancy deal to advise CEO https://t.co/yga8DnhUrf — Financial Times (@FT) November 24, 2022 Housing mortgage payments soaring In October, affordability for homebuyers declined as increased mortgage rates caused monthly payments to reach all-time highs. According to the Mortgage Bankers Association (MBA), the national median monthly payment jumped 3.7% to $2,012 in October from $1,941 in September, setting a record for the study. The average monthly mortgage payment increased by $629 in the first 10 months of the year, which is also equal to a 45.5% year-over-year rise. The findings highlight the difficult circumstances that many prospective purchasers have encountered this year as increased rates, rising property prices, and inflation make homeownership unaffordable. According to the MBA, the Federal Reserve's sharp rate increase, which was motivated by its aggressive fight against inflation, slashed homebuyer demand to its lowest level in 25 years in October, with purchase activity down 46% from a year earlier. For nine straight months, pre-owned home sales have decreased, with an October year-over-year decline of 28.4%. Housing: Median mortgage payment reaches record high in October https://t.co/BpfpskEPoT by @__gabriellacruz — Yahoo Finance (@YahooFinance) November 24, 2022 Sources: finance.yahoo.com, ft.com, twitter.com
TEST

Wealthy clients are withdrawing assets from Credit Suisse accounts

Rebecca Duthie Rebecca Duthie 23.11.2022 18:48
Summary: Wealthy clients have withdrawn up to 10% of their assets from Credit Suisse. The bank has been using liquidity buffers. Credit Suisse stocks are suffering. Credit suisse stock price is taking a dive Since the beginning of October, wealthy clients have withdrawn up to 10% of their assets, according to the troubled Swiss bank Credit Suisse, which has estimated a pre-tax loss of up to SFr1.5 billion ($1.6 billion) for the fourth quarter. The bank stated in its fourth profit warning since January that the size of the client outflows, which came after a series of social media rumors about its financial health, had caused the bank to use up liquidity buffers at the group and legal entity level. According to Credit Suisse, it "fell short of some legal entity-level regulatory criteria." According to the statement, the wealth management division has experienced outflows totaling roughly SFr63.5 billion, or 10% of the assets under management at the end of the third quarter. The bank lost about SFr84 billion ($89 billion) in assets across the board as clients in wealth management, asset management, and retail banking switched their cash holdings, investments, and deposits to rivals. According to the statement, the wealth management division has experienced withdrawals totaling roughly SFr63.5 billion, or 10% of the assets under control at the end of the third quarter. The bank also reaffirmed its capital ratio guideline from last month, which aimed for a common equity tier one ratio of more than 13.5% by 2025 and at least 13% from 2023 to 2025 as a measure of financial stability. It did, however, show that since the end of September, the liquidity capital ratio, which measures a company's capacity to absorb short-term stress, had dropped from 192% to a daily average of 140%. Regulators mandate that the bank maintain a percentage above 100%. CS Price Chart Sources: finance.yahoo.com, ft.com
WTI crude futures fell 5%, palladium futures touching 5-mont lows, coffee futures touching 16-month los

WTI crude futures fell 5%, palladium futures touching 5-mont lows, coffee futures touching 16-month los

Rebecca Duthie Rebecca Duthie 23.11.2022 18:27
Summary: WTI crude futures touching January lows. Palladium futures are declining as China's COVID-19 situation heightens. Arabica coffee futures touching the lowest level in 16 month, WTI Crude oil touching 11 month lows As investors considered persisting demand concerns and tracked developments around the G7's price restriction on Russian oil, WTI crude futures fell over 5% to below $77 per barrel, approaching their lowest level since January. Markets have been on edge due to a deteriorating outlook for global demand, with top crude importer China potentially facing tighter coronavirus-induced restrictions due to an increase in infections and advanced economies, primarily the US and Europe, experiencing a decline in economic activity as a result of tighter financial conditions. The G7 also considered a price cap on Putin's oil above the current price of the crude grade to make it profitable for Russia to sell its crude and avoid a shortage of supplies on the global market. Prices were supported by expectations that OPEC would step up its market interventions in response to a decline in demand brought on by the recession. Additionally, EIA data revealed a much greater than anticipated decline in US inventories last week. WTI Crude Futures Price Chart Palladium futures touching 5-month lows In line with other commodities, palladium futures dropped to $1,900 per ounce, edging closer to a 5-month low of $1,800 set on November 3rd as a worsening Covid-19 situation in China and more lockdowns weakened an already weak demand outlook. Prices for palladium are 40% lower than they were in March due to palladium's substitution by platinum, rising interest rates, and sluggish economic development. After four straight 75 bps rises, the Federal Reserve, the most powerful central bank in the world, is anticipated to boost the fed funds rate by 50 basis points in December. Furthermore, despite the price increase and supply chain disruptions, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet returned to its pre-pandemic levels. The palladium market is expected to be balanced or in deficit this year and next year, according to analysts who predict supply-demand balances. Palladium Mar ‘23 Futures Price Chart Coffee touching 16-month lows Arabica coffee futures on the ICE extended losses to $1.54 a pound, touching the lowest level in 16 months, as the outlook for the global supply is expected to continue good while the demand is anticipated to deteriorate due to the possibility of a recession. According to an analysis by Rabobank, Brazil's ample rainfall and increasing output in response to high prices since 2020, when demand growth was anticipated to be modest, will assist the global coffee market transition from a tiny deficit in 2022/23 to a surplus in the season that follows. A significant increase in arabica coffee entering warehouses with ICE approval also continued to be a bearish factor. According to the most recent data, ICE-certified coffee stocks were 468,291 bags as of November 15th, a significant increase from the 23-year low of 382,695 bags reached on November 3rd. Coffee Mar ‘23 Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
The EUR/USD Price Failed To Exhibit A Strong Trending Movement

Eurozone economy seems to be falling into a recession, UK economic outlook seems poor

Rebecca Duthie Rebecca Duthie 23.11.2022 18:08
Summary: The Eurozone PMIs showed that the bloc's economy contracted in November. Despite the UK economy contracting in November, the GBP extended a short-term recovery. CAD fared better than Sterling during the first sessions of the week Eurozone PMI data didn’t beat expectations by enough The market is reflecting mixed signals for this currency pair. The Eurozone PMIs showed that the bloc's economy contracted in November, but the magnitude of the decline was less severe than anticipated by the markets. The S&P Global Purchasing Managers Index (PMI) for manufacturing registered at 47.3, exceeding the consensus estimate of 46.0 and up from the previous month's reading of 46.4. Unfortunately for the euro, the positive data was insufficient to quell the bearish sentiment surrounding the currency, including recessionary risks and the ECB hawks' unwillingness to support a 75 basis point interest rate hike at the upcoming meeting. The day ahead should see increased volatility for the EUR/USD due to the prominence of US data. EUR/USD Price Chart UK economic outlook looks bleak The market is reflecting bearish signals for this currency pair. Following the release of statistics showing that, despite the UK economy contracting in November, corporate forecasts for the coming year increased from a 30-month low, the British pound extended a short-term recovery. The most recent S&P Global PMI readings indicated that economic activity continued to decline for another month, but the data was better than anticipated, so this would be a generally favorable development for markets. However, this downturn was predicted, and as economist at Berenberg Kallum Pickering puts it, "the recession is terrible, but not becoming worse." This remark is critical for the Pound given the dire economic prognosis for the UK. EUR/GBP Price Chart GBP/CAD outlook improved According to technical analysis from Scotiabank, the outlook for the Pound to Canadian Dollar exchange rate has improved further in recent trading. Sterling may now be able to hit some of its best levels since the end of the first quarter after gaining ground over the 1.57 mark last week. Although some believe this is likely merely a temporary setback for the Pound, the Canadian Dollar fared better than Sterling during the first sessions of the week after an over two month surge in GBP/CAD stopped following a run-in with technical support on the charts late last week. GBP/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
The Bank Of England Has Warned That Negative Growth Will Extend All The Way

UK recession fears heighten as the economy shrinks and the Brexit divide deepens, U.S economy shrank in November

Rebecca Duthie Rebecca Duthie 23.11.2022 17:37
Summary: UK economic activity shrank for a fourth straight month. Pragmatists vs Zealots driving the Brexit divide. In November, the U.S. economy shrank for the fifth consecutive month. UK recession fears heighten With new orders declining at the highest rate in nearly two years, UK economic activity shrank for a fourth straight month, signaling a recession that is expected to endure longer than a year. The S&P Global/Cips UK flash composite purchasing managers' index, which monitors changes in manufacturing and services activity on a monthly basis, remained essentially steady in November at 48.3 compared to 48.2 in October. The reading for November was the fourth consecutive reading below the 50-point threshold, which denotes a majority of businesses reporting a contraction, despite being higher than the 47.5 forecast in a Reuters poll. Additionally, price pressures decreased in November, in part due to a decline in demand. This, according to Williamson, suggests that the Bank of England may begin to raise interest rates gradually over the next few months. Markets anticipate that the Monetary Policy Committee of the BoE will raise interest rates by 50 basis points rather than the 75 basis points that were announced on November 3 at its meeting. According to the study, Rishi Sunak's election as prime minister increased corporate confidence, but managers' attitudes were among the most depressing observed over the previous 25 years. UK economic activity shrinks as recession fears mount https://t.co/fH7vq1akKf — Financial Times (@FT) November 23, 2022 UK government’s Brexit divide A top government official wonders in private about how to make Brexit work better for business and considers a "Swiss-style" arrangement. Tory hardliners start to denounce the move, and the prime minister immediately retracts his statement. Rishi Sunak had no other options. Even though he is a staunch supporter of Brexit and can say without irony, "exploit the economic opportunities of Brexit," his paranoid and discordant MPs continue to cast doubt on his commitment to the cause. The idea was more of a hazy medium-term desire to lower trade obstacles rather than a covert scheme. The Swiss model of selective access to the single market has a number of issues, not the least of which is that the EU despises it. Another is that the UK would still like to eliminate automatic adherence to EU regulations, oversight by the European Court of Justice, and free movement of persons. The third is that the EU is not overly concerned with altering the agreement. Failure to address the worst effects of Brexit helps those who want to undo the entire project, and this has become more urgent since the Truss government encouraged voters to link Brexit with the nation's economic woes. The true Brexit divide is now between pragmatists and hardliners https://t.co/dyVH23vGoB — Financial Times (@FT) November 23, 2022 US economy shrank for the fifth-consecutive month in November In November, the U.S. economy shrank for the fifth consecutive month, with a measure of new orders falling to its lowest level in two and a half years as higher interest rates hampered demand. The manufacturing and services sectors are monitored by S&P Global's flash U.S. Composite PMI Output Index, which dropped to 46.3 this month from a final reading of 48.2 in October, the company reported on Wednesday. A reading below 50 indicates that the private sector is contracting. The Federal Reserve's most aggressive interest rate hike cycle since the 1980s, which aims to reduce inflation by stifling economic demand, has caused activity to decline. Due in part to declining demand, businesses were also boosting prices for their goods at the slowest rate in little over two years, with some companies reporting concessions and reductions to persuade clients to place orders. The decrease in price measurements is consistent with statistics released this month that shows a marked slowdown in producer and consumer inflation in October. U.S. business activity weakens further in November - S&P Global survey https://t.co/aq0TapeO2XS&P Global said its flash U.S. Composite PMI Output Index fell to 46.3 this month from a final reading of 48.2 in October. — Yahoo Finance (@YahooFinance) November 23, 2022 Sources: ft.com, twitter.com, finance.yahoo.com
Dr. Copper: Building a Foundation Amidst Commodity Challenges

Elon Musk net worth has dropped by 37% in 2022

Rebecca Duthie Rebecca Duthie 22.11.2022 19:46
Summary: Musk hasn't been the same since he lost his position at the $200 billion club. Tesla shares are being weighed down by Musk’s twitter takeover. Musk’s fortune is declining with Teslas share value He was the only member for more than ten months of the world's most exclusive financial club, which has never had more than two members present at once. Up until a few weeks ago, the CEO of Tesla - Get Free Report and owner of the microblogging website Twitter had been a frequent visitor there. The $200 billion club that is. Musk hasn't been the same since he lost his position there. If the eccentric visionary is still the richest man in the world, his money has been declining. According to the Bloomberg Billionaires Index, Musk possessed a fortune of $170 billion as of Nov. 21. But this year, his net worth dropped by $101 billion, or 37%. Since Musk announced his takeover attempt on April 25, Tesla shares have dropped nearly 50% to $167.87, resulting in a $525 billion decline in market capitalization. Tesla shares have fallen 25% after the billionaire closed the Twitter transaction on October 27, representing a loss in market value of $180 billion in less than a month. The price of Tesla shares is down 52.4% overall for the year. Since Musk took on $13 billion in personal debt to fund the acquisition, his early moves at Twitter produced confusion, which made it even harder for him to turn the site profitable as soon as possible. He implemented waves of layoffs, issued a deadline to workers, and reactivated the account of former President Donald Trump, who had been blocked by the social network following the events of January 6, 2021 on Capitol Hill. Two-thirds of the staff, or 5,000 workers, left as a result of all this. The seasoned businessman recently said that since gaining control of Twitter, he had little time to sleep. The ongoing decrease in Tesla stock, which accounts for a sizable portion of Musk's wealth, is hurting him. Sources: finance.yahoo.com, thestreet.com
Saxo Bank Podcast: Natural Gas On Colder Weather, Wheat And Coffee Under Pressure, JPY Weaker And More

Gold rises in the wake of a retreating US dollar, potential rail strike weighs on US NGAS, Cotton futures under pressure

Rebecca Duthie Rebecca Duthie 22.11.2022 17:07
Summary: The US dollar retreated from a recent high, cousin gold prices to end a four-day slide. US natural gas futures declined after jumping 7.5% in the previous session. Cotton futures continued to be under pressure from persistent demand worries Gold prices rise in the wake of a weaker USD As the dollar retreated from a recent high, gold prices surged above $1,740 an ounce on Tuesday, ending a four-day slide. Investors were waiting for the minutes of the most recent Federal Reserve meeting, which may provide insight into the timing of future US interest rate increases. The comments of individual Fed officials were also analyzed by traders. For example, San Francisco Fed President Mary Daly cautioned against overtightening, while Cleveland Fed President Loretta Mester stated that she wants to see sustained declines in inflation before she can support a halt. The rate outlook has a significant impact on gold since it makes holding non-yielding metal more expensive, decreasing its appeal. Gold Dec ‘22 Futures Price Chart NGAS declined after a 7.5% rise in the previous session As gas traders watched weather patterns, the delay in Freeport's restart, and a potential rail strike, US natural gas futures declined after jumping 7.5% in the previous session. The largest US rail union's members rejected a tentative contract agreement signed in September, increasing the likelihood of a year-end strike that could halt coal shipments and make power plants use more gas. Additionally, according to current forecasts, extremely cold weather is expected to arrive during the first week of December, which will increase demand for gas-powered heating. On the other hand, more gas is anticipated to be kept available for domestic use now that the restart of the Freeport LNG export facility has been postponed until mid-December while repairs are made to the damage caused by the explosion in June. US utilities added 64 bcf of gas to storage last week, according to EIA data, bringing gas stockpiles closer to the 3.651 tcf five-year average for this time of the year. NGAS Dec ‘22 Futures Price Chart Cotton weighed down by concerns around demand Cotton futures continued to be under pressure from persistent demand worries resulting from difficult economic conditions and increased supplies, remaining close to a nearly 22-month low of last month and roughly 50% below their May peak. The US Department of Agriculture revealed larger-than-anticipated domestic production and lower worldwide demand forecasts for 2022–2023 in its most recent monthly report. A decline in the Southwest is more than compensated by increases elsewhere, resulting in a 1.5% increase in production in the United States, to 14.0 million bales. Additionally, it is anticipated that this month's worldwide cotton consumption will be 650,000 bales lower, with mill use in Pakistan and Bangladesh expected to be reduced by 300,000 bales. Cotton Mar ‘23 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
The EUR/USD Pair Maintains The Bullish Sentiment

Rising NGAS costs may pose downside danger to the Euro, UK economic outlook looks bleak

Rebecca Duthie Rebecca Duthie 22.11.2022 17:04
Summary: Euro held steady throughout Asian trading. Energy Bills Support Scheme's concurrent expiration, may have a greater negative impact on household earnings. NZD has had the best performance among major currencies over the past month. Euro faces downside risk The market is reflecting mixed signals for this currency pair. Following the turbulent start to the week on Monday, when the EUR/USD fell, the Euro held steady throughout Asian trading. The Fed speakers' continued hawkish posture, which also hurt markets, helped the US dollar increase. Risk assets were also hurt by a rise of Covid-19 cases in China because of concerns that harsh lock downs would continue there. Even while experts at one European bank claim there is "less pain in the pipeline" for the region and its single currency, rising natural gas costs in the Eurozone are recognized by foreign exchange strategists as a downside danger to the Euro. According to analysts, the little increase in gas prices coincides with a drop in temperatures across Europe after an abnormally warm autumn that allowed nations to stockpile gas supplies and use less gas than is customary at this time of year. EUR/USD Price Chart GBP under pressure from poor UK economic outlook The market is reflecting bearish signals for this currency pair. Early in the new week, the Pound to Euro exchange rate continued to rise after last Friday's advance, but after three straight days of gains, Sterling is now rapidly approaching a crowded area of technical resistances near and above the 1.16 level on the charts, suggesting that the rally may soon come to an end. The problem for families, the economy, and the pound is that, as a result of reforms outlined by Chancellor Jeremy Hunt in last Thursday's budget, energy costs are expected to grow dramatically once more starting in April 2023, when the average annual tariff would rise by another 20% to £3,000. Due to the Energy Bills Support Scheme's concurrent expiration, this will have a greater negative impact on household earnings. However, it will also have a positive impact on UK inflation rates and have additional effects on the state finances. EUR/GBP Price Chart NZD supported by improved investor sentiment Although the New Zealand Dollar has had the best performance among major currencies over the past month, one analyst claims that it is beginning to seem "stretched" in front of the Reserve Bank of New Zealand's upcoming interest rate announcement. The Kiwi has risen against all of its G10 counterparts over the past four weeks, helped by a noticeable improvement in investor sentiment worldwide and as investors raised their expectations for the amount of interest rate hiking to come from the RBNZ in response to a series of domestic data releases that exceeded expectations. Following New Zealand's October Q3 CPI inflation announcement, which exceeded estimates and bolstered expectations for a 75bp hike, the market increased its expectations. Data on the labor market and quarterly wages also confirmed these predictions. However, an analyst questions if the RBNZ will want to speed up rate increases given that it was among the first to act and has consistently moved rates by 50 basis points, and has no need to play catch-up given that it is one of the G10 rate leaders. GBP/NZD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
This Week's Tesla Stock Split Could Be The Best Moment To Buy The Stock! Twitter Stock Price Plunged!

FTX new management team finds lost money, UK economy’s future looks grim, Tesla EV safety problem

Rebecca Duthie Rebecca Duthie 22.11.2022 11:34
Summary: FTX cash has now been traced to a total of $1.24 billion by their new management team. Tesla announced it’s recalling 321,000 vehicles due to a safety problem. It’s predicted that the UK's economy will have the worst performance in the G20. Bankruptcy attorneys are working hard to stabilize FTX The bankrupt crypto conglomerate's (FTX) cash has now been traced to a total of $1.24 billion by FTX's new management team, who are working to identify the company's assets in time for a US court hearing later on Tuesday. In court documents, Edgar Mosley, an executive at the advisory firm Alvarez & Marsal, claimed that teams searching for the assets of the troubled crypto group had discovered "substantially higher cash balances” than were previously believed. After determining the amounts held in 144 of the 216 bank accounts it had linked to FTX and more than 100 affiliated companies, the company estimated in filings on Saturday that it had $564mn in bank balances. The revised cash data highlight the scope of the ongoing efforts by bankruptcy attorneys to stabilize FTX's financial situation. Sam Bankman-Fried's prior administration was criticized by the organization's new chief executive, veteran insolvency specialist John Ray III, for a "total lack of reliable financial information." The updated cash totals now include accounts belonging to Bankman-Fried's trading company Alameda Research worth around $400 million that weren't counted in the earlier total. In the face of cyberattacks, bankruptcy attorneys have also been fighting to protect FTX's stockpile of digital tokens. FTX management tracks down $1.24bn in cash holdings https://t.co/Dyl3HKpIuJ — Financial Times (@FT) November 22, 2022 The future of the UK economy looks dim The OECD said on Tuesday that countries must continue to make battling inflation their main priority. It predicted that the UK's economy will have the worst performance in the G20, aside from Russia, during the next two years. According to the OECD's most recent economic projections, UK GDP will decrease by 0.4% in 2023 and only increase by 0.2% in 2024. The Paris-based group criticized the UK government's promise to keep average household energy costs at £2,500 until April, claiming that this untargeted support would "increase pressures on already high inflation in the short term," leading to higher interest rates and debt service costs. The largest oil shock since the 1970s, meanwhile, had the global economy "reeling." According to the OECD's most recent predictions, growth in nearly every major economy is expected to be less in 2019 than it was in June as stubbornly high inflation reduced people's purchasing power. While the picture for the UK was startlingly dire, the OECD predicted growth of just 0.5% in the US and the euro area, with Germany also going into recession, and 2.2% global growth in the more resilient developing countries. The group also cautioned that the present energy crisis was "here to stay" and that Europe will be at even greater risk of experiencing gas shortages that might send the continent into a recession next winter. Breaking news: The UK’s economy is set to be the worst performer in the G20 bar Russia over the next two years, according to the OECD https://t.co/BiGs0rHChn pic.twitter.com/cohlrKKJPt — Financial Times (@FinancialTimes) November 22, 2022 Tesla’s tail light headaches Tesla (TSLA) is experiencing additional difficulties as the carmaker announced it is recalling 321,000 vehicles due to a safety problem. The car manufacturer said in a filing over the weekend that some Tesla Model 3 sedans and Model Y SUVs had a problem that caused the tail lamps to "intermittently glow," which in some cases resulted in poor visibility on the road. According to Tesla, the problem did not affect the brake lights. Tesla learned about the problem from owners of vehicles in non-U.S. regions, and after looking into it, decided to conduct a voluntary recall to correct the tail light issue. An over-the-air software update will be used to carry out the recall. The filing this weekend follows the recall of about 30K Model X SUVs in the US on last Friday due to a problem with the front passenger air bag, which will also be fixed with an OTA software update. Tesla recalls 321K cars for tail light issue; 19th recall this year for automaker https://t.co/Nn5I5LVyou by @Pras_S $TSLA — Yahoo Finance (@YahooFinance) November 21, 2022 Sources: finance.yahoo.com, ft.com, twitter.com
The Special Edition Of The Saxo Market Call Podcast: The Wild Year Of 2022 For Commodities And What May Be In Store In 2023

Oil bounces off a 10-month low on OPEC not considering increasing oil output

Rebecca Duthie Rebecca Duthie 21.11.2022 18:58
Summary: Oil prices rose from a 10-month low on Monday. G7 countries are planning to cap the price of Russian crude. OPEC are not planning an increase in oil output After Saudi Arabia "categorically" dismissed a report that Opec was considering an increase in output to help offset the loss of Russian supply, oil prices rose from a 10-month low on Monday. The international standard for crude oil, Brent, initially fell 6% to $82.79 per barrel before reducing its loss to 2% and trading at $85.95. The US benchmark, West Texas Intermediate, fell by a similar amount but later pared its losses to trade down about 2% at $78.50. Each benchmark's price fell to its lowest intraday level since January as a result. This was before Russia's invasion of Ukraine upended the world's crude markets and caused prices to skyrocket. After the Wall Street Journal revealed that Saudi Arabia and other Opec producers were debating increasing output by up to 500,000 barrels per day at the group's meeting in Vienna on December 4, the market became volatile. The cartel's de facto leader, Saudi Arabia, later claimed that it was "well known" that no decisions were discussed before meetings. Additionally, it would occur the day before the EU is scheduled to impose an embargo on oil exports from Russia and the G7 countries are planning to cap the price of Russian crude. The US dollar index, which compares the US dollar to six other currencies, increased 1% on Monday, continuing the comeback from the previous week, even though the US dollar is still down roughly 3% for the month of November. The lower-than-expected US inflation number for October and expectations that China might be about to loosen its zero-Covid stance had fueled speculation that the dollar may have peaked in late September. This week, however, investors had less confidence in the latter after the provincial capitals of Shijiazhuang and Guangzhou implemented stricter Covid controls to reduce cases. Sources: ft.com
OPEC+ Meeting: Saudi Arabia Implements Deeper Voluntary Cuts to Boost Oil Prices

Silver retreating from its five-month high, Brent crude dropping as COVID-19 cases in China surge, Corn futures

Rebecca Duthie Rebecca Duthie 21.11.2022 18:44
Summary: Silver futures are declining as investors weigh the Fed’s aggressiveness to fight inflation. Concerns over covid-19 related lockdowns in China are weighing on Brent crude. Corn futures up more than 12% in 2022. Silver down from a 5-month high As investors continued to assess the outlook on the Fed's aggressiveness to fight inflation, silver futures declined to below $20.7 per ounce, continuing its retreat from the five-month high of $21.7 hit on November 14th. This decline was pressured by a new rally for the US dollar. The expectation of higher interest rates not only increased the opportunity cost of keeping non-interest-bearing bullion assets, but also decreased demand for industrial silver used as electricity conductors, paralleling the reduction for copper. On the other hand, due in part to looming supply worries, silver futures are still 16% above the 14-month low of $18 per ounce reached on September 1st. In the last 18 months, inventories at the COMEX in New York have decreased by 70% to just over 1 million tonnes, while those at the London Bullion Market Association have decreased for 10 consecutive months to a record-low 27.1 thousand tonnes. Silver Dec ‘22 Futures Price Chart Brent Crude Oil dropped for its fourth consecutive session On Monday, Brent oil futures dropped below $87 a barrel for the fourth consecutive session due to worries that China might tighten its import restrictions and that major central banks will keep rising interest rates. Over the weekend, China announced the first Covid-related fatalities in six months, and on Monday, localized lockdowns were enacted in some locations as the world's largest oil importer battled resurgent Covid breakouts. Investors were also concerned that tighter financial circumstances might cause the world economy to enter a recession, which would harm demand for energy. However, investors continued to be wary of the very ambiguous supply outlook heading into the winter, with the European Union due to limit Russian crude exports starting in December and OPEC anticipated to maintain tight oil markets. Brent Crude Futures Price Chart Corn futures Since the start of 2022, corn prices have climbed by 71.34 USd/BU, or 12.03 percent, according to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity. Corn Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
GBP: Monitoring Data Outliers Amid Hawkish BoE Expectations

China’s COVID-19 regulations causing U.S Stocks to decline, Inflation in the UK could be pushed up by 1% in April

Rebecca Duthie Rebecca Duthie 21.11.2022 18:44
Summary: The Dollar was bid and stocks declined on Monday. The most recent budget from HM Treasury will push up inflation by a percentage point. AUD gave ground to most of its major currency counterparts to start the new week. Investor confidence improved in China The market is reflecting bearish signals for this currency pair. In spite of indications, the Dollar was bid and stocks declined. China is enforcing stricter regulations to combat a Covid-19 outbreak that is spreading. Three Covid deaths were reported by authorities over the weekend in Beijing, the first in more than six months. Just days after the nation said it was loosening some restrictions, there are reportedly early signs that some authorities are returning to a zero-Covid policy. In recent weeks, speculation that China would be willing to abandon its zero-Covid policy has intensified, boosting investor confidence amid speculation that the world's second-largest economy could spark a resurgence in global economic activity. This favorable environment proved to be a barrier for the dollar, which often gains when market anxieties are mounting and forecasts for global growth are weakening. EUR/USD Price Chart UK inflation expected to increase The market is reflecting mixed signals for this currency pair. Without changing the Bank of England (BoE) interest rate policy, own goals in c starting in April and force taxpayers to fork over an additional £5 billion or more to cover the increase in debt interest costs that results. The decision to reduce the household energy price guarantee and increase fuel taxes starting in April 2023 will result in higher inflation as measured by the consumer and retail price indices, which will automatically affect future government spending, particularly costs associated with debt servicing. Sterling pounds Live calculations indicate that these two factors will cause consumer price inflation to increase by an additional 1% in April and retail price index inflation to increase by 1.3%, both of which will raise the cost of servicing borrowings with inflation-linked interest rates by approximately £5BN. EUR/GBP Price Chart AUD gave ground to most of its major currency counterparts The Reserve Bank of Australia (RBA), the Federal Reserve (Fed), and the Bank of England will all be providing monetary policy commentary this week, so the Pound to Australian Dollar exchange rate has benefited from a corrective setback in AUD/USD that may keep Sterling buoyant above 1.7750 this week. The risk of new coronavirus-related economic closures in China weighed on asset prices throughout the Asia Pacific region as well as on the currencies of those countries exporting into the second-largest economy in the world, and Australia's dollar gave ground to most of its major currency counterparts to start the new week. AUD/GBP Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Franc Records 11th Consecutive Daily Decline Against the Dollar as US Economic Concerns Mount

Peak of the USD may take a few more quarters, the rise in COVID-19 cases in China is weighing on US stocks, the use of space for security

Rebecca Duthie Rebecca Duthie 21.11.2022 16:10
Summary: The USD may take a couple more quarters to peak. COVID-19 flare-ups in China rekindled worries about slowing growth. Russia's invasion on the Ukraine is proving how important space is for security. USD peak may come in the coming quarters Goldman Sachs (GS) warned in a research report on Friday that investors eager to predict when the dollar should peak may need to wait a few more quarters. According to historical cycles, peaks in the dollar are often accompanied by a "trough in measures of U.S. and global growth" and a loosening Federal Reserve, according to Goldman. According to Goldman, a dollar top would still seem to be "several quarters away," and the bank expects the Fed to wait until 2024 before starting its easing program. It also stated that the U.S. economy is not projected to soon reach its low point. The U.S. investment bank observed that despite a number of significant rate hikes, high inflation and consistent U.S. economic growth have supported the dollar. Estimates of the cyclically neutral rate have risen as a result of the Fed's admission that the idea of a "restrictive" policy rate is a changing objective. In line with the Fed, Goldman economists now anticipate a longer hiking cycle and an even higher terminal rate. While the smaller G10 economies are more sensitive to higher rates or changes to policy rates due in part to the rise in variable rate mortgages, the euro area continues to face significant challenges from energy shortages. The U.S. economy, on the other hand, has a better outlook and might be less sensitive to higher rates, according to Goldman, which should support the dollar. *U.S. DOLLAR 'TRUE' PEAK STILL A COUPLE OF QUARTERS AWAY: GOLDMAN SACHS - https://t.co/mBlo3F3hSq $USD 🇺🇸 🇺🇸 pic.twitter.com/YAo7OFeBTV — Investing.com (@Investingcom) November 21, 2022 US stocks in the wake of a rise in COVID cases in China The major Wall Street indexes were expected to open lower on Monday as COVID-19 flare-ups in China rekindled worries about slowing growth. In contrast, Disney shares surged as investors praised Bob Iger's unexpected return to the top job. Beijing issued a warning that the pandemic was posing its most serious test yet, closing down businesses and schools in hard-hit areas and tightening entry regulations as infections grew both locally and nationally. In premarket trading, shares of American casino operators with operations in China fell between 3.3% and 5.8%. These operators include Wynn Resorts (NASDAQ:WYNN) Ltd, Las Vegas Sands (NYSE:LVS) Corp, MGM Resorts (NYSE:MGM) International, and Melco Resorts & Entertainment (NASDAQ:MLCO) Ltd. American Airlines (NASDAQ:AAL) Group Inc. and Norwegian Cruise Line (NYSE:NCLH) Holdings Ltd., two companies in the travel industry, experienced declines of 0.7% and 1.2%, respectively. In spite of this, a 9.7% increase in Walt Disney (NYSE:DIS) Co was expected to prevent further drops in the Dow Jones Industrial Average following Bob Iger's appointment as the company's new CEO. After some officials reaffirmed the commitment of the U.S. Federal Reserve to continue tightening monetary policy until inflation was under control on Wednesday, attention also turned to the release of the minutes from its November meeting. *U.S. STOCK FUTURES DECLINE AS CHINA COVID CASES RISE; DISNEY JUMPS ON CEO CHANGE - https://t.co/v8TbZHlR6o pic.twitter.com/nv1fGxeHoN — Investing.com (@Investingcom) November 21, 2022 Space and and security The horrific Russian invasion of Ukraine has demonstrated just how important space is to our security. An invasion was foreshadowed in January by GPS imagery showing Russian forces gathering at the Ukrainian border. Satellite connections have kept frontline troops in touch with their leaders throughout the whole conflict. In the meantime, Ukraine's use of GPS-guided Himar rocket launchers has helped tip the scales of battle in their favor by enabling them to locate and eliminate Russian artillery and ammunition depots well behind enemy lines. This is the first significant conflict in which space-based technologies have been heavily utilized by both sides. It won't be the final. Ukraine shows how space is now central to warfare https://t.co/tolg7XW4WH | opinion — Financial Times (@FT) November 21, 2022 Sources: ft.com, twitter.com, investing.com
WTI crude oil down 4% on Friday, corn futures, gold stabilized on Friday but are still down this week

WTI crude oil down 4% on Friday, corn futures, gold stabilized on Friday but are still down this week

Rebecca Duthie Rebecca Duthie 18.11.2022 16:38
Summary:WTI crude touching 1-month lows.Gold prices stabilized around $1,760 an ounce on Friday but were on track to end the week lower.Corn futures have risen by more than 13% in 2022.WTI crude oil on track to lose over 10% this weekWTI crude futures fell 4% on Friday to around $78 per barrel, the lowest level in over a month, and were on track to end the week more than 10% lower due to a deteriorating demand picture that outweighed supply-side worries. In China, the world's top fuel importer, resurgent Covid outbreaks have crushed reopening hopes and muddied the demand outlook. There are still worries that major central banks' aggressive monetary tightening could push the world economy into a recession, which would harm demand for energy. President of the St. Louis Federal Reserve James Bullard recently warned that the federal funds rate might rise above what the market is currently pricing, to a range of 5 to 7 percent as authorities fight inflation. However, investors continued to be wary of the highly ambiguous supply outlook heading into the winter, with the European Union due to block Russian crude exports starting in December and OPEC anticipated to maintain tight oil markets. WTI Crude Futures Price ChartGold on track to end the week lowerDue to robust US Federal Reserve rhetoric that implied more rate rises than markets anticipated and resisted predictions of a Fed pivot, gold prices stabilized around $1,760 an ounce on Friday but were on track to conclude the week lower. Most significantly, St. Louis Fed President James Bullard stated that the policy rate is too lenient and that it might rise above what the market is currently pricing, to a range of 5% to 7% as authorities attempt to combat inflation. Mary Daly, president of the San Francisco Fed, reiterated that a pause is "off the table," and Esther George, president of the Kansas City Fed, cautioned policymakers against stopping rate increases too soon. Even though gold is frequently used as a hedge against inflation and economic uncertainty, owning non-yielding bullion becomes more expensive as interest rates rise. Gold Dec ‘22 Futures price chartCorn futuresSince the start of 2022, corn prices have climbed by 77.91 USd/BU, or 13.13 percent, according to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity. Corn Mar ‘23 futures price chartSources: finance.yahoo.com, tradingeconomics.com
Mexican Rate Spread: Tight vs. Central Bank's Rate Spread and Implications for Dis-inversion

The Fed may begin slowing their interest rate hiking cycle, UK promising to return to fiscal credibility

Rebecca Duthie Rebecca Duthie 18.11.2022 16:34
Summary: EUR/USD currency pair has risen 4% over the past 2 weeks. GBPs response to investor sentiment globally to determine near term credibility. The CAD was outperforming many other major currencies this year, but recently started to lag behind them. EUR/USD has risen by 4% over the past 2 weeks The market is reflecting bullish signals for this currency pair. The Euro will decline against the Dollar in the coming months, comfortably falling below parity, according to Danske Bank's unwavering forecast. The rate of exchange between the Euro and the Dollar (EUR/USD) has increased by 4.0 percent over the last two weeks as a result of signs that U.S. inflation is slowing down as well as market analysts' conviction that the Federal Reserve will reduce the pace of its rate hikes, giving investors more confidence to price the peak in interest rates. Data released on Wednesday showed that American consumers were still in good shape, with retail sales increasing by 1.3 percent in October, an acceleration from the 0 percent recorded in September and higher than the market's forecast of 1.0 percent growth. Therefore, the Fed may slow down its rate rise cycle but lengthen it, providing a series of 25 basis point rate adjustments over the ensuing months that may still provide support for the Dollar. EUR/USD Price Chart EUR/GBP on track to end the week slightly higher The market is reflecting mixed signals for this currency pair. The UK's Autumn Statement, which promised a return to fiscal credibility, was well received by the financial markets, but the direction of the near term should be determined by how the British Pound responds to investor sentiment globally. As part of his effort to tighten fiscal policy and ensure that the nation's finances remained on a sustainable footing, Chancellor Jeremy Hunt proposed savings totaling £55BN, or roughly 2.0 percent of GDP. The Pound-Euro rate appears to be on track to conclude the week slightly higher, and the Pound-Dollar rate is also slightly higher than it was at this time last week, consolidating the huge gains from the previous week. EUR/GBP Price Chart CAD emerging as a top option for speculative short-selling The Canadian Dollar has outperformed many other major currencies this year, but recently started to lag behind them. As a result, the Canadian Dollar is quickly emerging as a top candidate for speculative short-selling by Spectra Markets in advance of an anticipated economic slowdown caused by rising mortgage rates. By Friday, Canada's Dollar had dropped to third place in the ranking of the G10 currencies for the year after suffering significant losses against all significant rivals other than the US. Over the period of November, the dollar has generally corrected lower. The main thesis is that a large rise in Bank of Canada (BoC) interest rates this year will eventually affect Canadian homeowners' monthly mortgage payments. Higher borrowing costs are anticipated to reduce household earnings and have negative second-round impacts on a number of economic sectors. GBP/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
The British Pound Is Showing Signs Of Exhaustion Of The Bullish Force

The price of Brent Crude oil dropped below $90, UK economic outlook, Qatar bans beer sales last minute

Rebecca Duthie Rebecca Duthie 18.11.2022 14:32
Summary: A worsening demand forecast is driving Brent crude oil down. UK living standards are expected to drop by the most in six decades. 48 hours before the Word Cup begins, Qatar banned the sale of beer in supporter zones. Brent Crude oil price drop below $90 A worsening demand forecast trumped supply-side worries as Brent crude futures traded below $90 per barrel on Friday and were expected to conclude the week more than 6 percent lower. In China, the world's top fuel importer, resurgent Covid outbreaks have crushed reopening hopes and muddied the demand outlook. There are still worries that major central banks' aggressive monetary tightening could push the world economy into a recession, which would harm demand for energy. President of the St. Louis Federal Reserve James Bullard recently warned that the federal funds rate might rise above what the market is currently pricing, to a range of 5 to 7 percent as authorities fight inflation. Though the European Union is poised to block Russian crude exports starting in December, and OPEC is anticipated to keep oil markets tight, traders remained wary of the supply outlook heading into the winter. Brent crude oil has dipped below $90 for the first time since October. https://t.co/fCTebNF4GD pic.twitter.com/ZLv0beAm1n — Yahoo Finance Plus (@yfinanceplus) November 17, 2022 UK chancellor Hunt “mini” budget The contrast between Chancellor Jeremy Hunt's Autumn Statement and his predecessor Kwasi Kwarteng's "mini" Budget was so stark that it appeared as though a new political party had taken office. Britain has gone from having the biggest tax cuts in 50 years to the strictest combination of revenue-raising and spending restraints in more than a decade in the span of eight weeks. The market response indicates that despite being backloaded, the £55 billion in budget cuts were successful in calming investors. The dismal prognosis that required the measures, however, was even more striking than the actual actions. Living standards are expected to drop by the most in six decades, and the economy won't recover to its pre-pandemic level until the end of 2024. Despite the stabilization of its finances, Britain's persistent development issues persist. In order to reassure investors that he was serious about budget contraction, the Conservative chancellor needed to take the right amount of action without frightening away his own backbenchers. Convincing investors that Hunt and the incoming PM Rishi Sunak are serious individuals came down to tone and presentation when restoring respect. Support for the Bank of England's efforts to fight inflation, as well as its independence and respect for the Office for Budget Responsibility, the government's watchdog, were correctly emphasized in the discourse. In essence, it makes political and economic sense to postpone the majority of the tightening until 2025 and achieve almost half of it through tax increases. A dismal outlook for the UK economy https://t.co/GeFI5zRmBp | opinion — Financial Times (@FT) November 17, 2022 Qatar banning beer suddenly Just 48 hours before the tournament starts, Qatar made a sudden U-turn on its alcohol policy and banned the sale of beer in supporter zones at World Cup stadiums. However, the Gulf state agreed to permit the sale of Budweiser, one of the World Cup's largest sponsors, in specific places outside the eight stadiums holding games. The Gulf state restricts the sale of alcohol to high-end hotels. But according to Fifa, after discussions between the host country authorities and Fifa, beer sales kiosks will no longer be present around stadium boundaries. There was a last-minute change of heart due to worries that Qataris would feel uncomfortable in locations where people were drinking for up to three hours before matches, according to persons briefed on the organizers' thinking. Alcoholic beverages are now restricted to stadium hospitality sections and specific Doha locations, like the Fifa Fan Festival, where a cup of beer costs nearly GBP12. Beer without alcohol will still be offered in stadiums. Fifa, which has a 30-year commercial agreement with Budweiser, finds the action insulting. Later on Friday, an announcement regarding the change in policy is anticipated. In a since-deleted tweet, Budweiser responded to the prohibition by writing, "Well, this is awkward". Qatar bans beer from World Cup fan zones https://t.co/0xLKSQ6ibO — Financial Times (@FT) November 18, 2022 Sources: twitter.com, ft.com, finance.yahoo.com
UK PMIs Signal Economic Deceleration, Pound Edges Lower

NVIDIA (NVDA) Q3 earnings results outperformed part of the markets forecasts

Rebecca Duthie Rebecca Duthie 17.11.2022 17:59
Summary: Revenue surpassed analysts' projections, earnings per share lagged behind. Nivida’s Q4 revenue estimates fell short of investor expectations. NVIDIA Q3 earnings The industry leader in graphics chips, Nvidia (NVDA), released its Q3 earnings results after the market closed on Wednesday. While revenue surpassed analysts' projections, earnings per share lagged behind. According to data provided by Bloomberg, the company outperformed Wall Street forecasts in the following areas: revenue ($5.93 billion vs. $5.79 billion projected). EPS after adjustments: $0.58 vs. $0.70 anticipated. Gaming income was $1.57 billion as opposed to the predicted $1.32 billion. Revenue from data centers: $3.83 billion versus $3.7 billion anticipated. With a $6 billion forecast, Nvidia's Q4 sales fell just shy of Wall Street estimates. Analysts anticipated $6.09 billion. Shares of Nvidia increased by about 2% after the revelation. In the quarter, income from data centers increased by about 31% year over year, but revenue from gaming fell by 51%. As consumer and commercial demand for electronics has decreased following the enormous rise the sector experienced during the epidemic, chip stocks have taken a beating this year. After stocking up during shutdowns, consumers don't need as many computers, and businesses already have plenty of equipment for their remote and hybrid workers. The future of NVIDIA Nvidia reduced chip manufacturing in Q2 while CEO Jensen Huang informed investors that the business was attempting to better match inventory to chip demand. During the pandemic, Nvidia's graphics chips were in such great demand that they were fetching hundreds of dollars more than their retail costs. However, as people resumed their pre-pandemic lifestyles, demand for chips decreased and prices returned to normal. Nvidia is also making efforts to maintain its ability to sell its premium goods in China. As a substitute for the A100 chip, which the U.S. government claimed was too potent to be shipped to China, Nvidia started selling its new A800 processor there during Q3 of this year. The administration is concerned that China will employ the technology for military purposes. NVDA Price Chart Sources: finance.yahoo.com
Australia Is Expected To Produce A Bumper Year Of Crops

Platinum supply could experience a shortfall, gasoline touching 4-week lows, wheat touching 2.5 month lows

Rebecca Duthie Rebecca Duthie 17.11.2022 16:59
Summary: Platinum futures declined below the $1,000 per ounce barrier. Gasoline prices extended to the lowest level in nearly four weeks. Chicago wheat futures fell below a level not reached since late August. Platinum futures down from 8-month high As new outbreaks in top user China crushed hopes for a potential end to its zero-Covid policy, clouding the outlook for demand, platinum futures declined below the $1,000 per ounce barrier, sliding further from an eight-month high of around $1,050. According to statistics from the World Platinum Investment Council, the supply side of the platinum market could experience a shortfall of 219,000 ounces in 2023 as opposed to a surplus of 974,000 ounces in 2022. Beyond the reduction in supplies globally, there was ongoing concern regarding Russian exports. After South Africa, Russia is the second-largest supplier of platinum worldwide. Platinum Jan ‘23 futures price chart Gasoline on track for its 4th consecutive weekly decline Due to increased supply, gasoline futures saw their losses deepen to below $2.5 per gallon in mid-November, the lowest level in nearly four weeks. Following a fourth consecutive week of declines, the latest EIA data revealed that US gasoline stockpiles increased by 2.207 million barrels to 207.9 million last week, far exceeding market forecasts of a 0.31 million-barrel increase. According to the data, US refineries processed an average of 16.2 million barrels of crude oil per day during the week ending November 11th, which is 63,000 barrels per day more than the previous week's average. This is the sixth week in a row that gasoline production has climbed. RBOB Gasoline Dec ‘22 Futures Price Chart Wheat touching late August lows Chicago wheat futures fell below $8 per bushel, a level not reached since late August, as steady exports from a key exporter, Ukraine, allayed concerns about a lack of supply around the world. The UN-mediated agreement has been extended by Russia for another four months, ensuring a trade route through the Black Sea and releasing pressure on world food prices. As a result of stronger output in Australia and Kazakhstan offsetting probable decreases in Argentina and the EU, figures from the USDA's WASDE report improved predictions for the world supply and ending inventories for the forthcoming marketing year, contrary to expectations of a decline. Wheat futures price chart Sources: finance.yahoo.com, tradingeconomics.com
Serious liquidity crisis? According to Franklin Templeton, a massive, but unlikely deposit flight from Credit Suisse would have to happen

Eurozone headline inflation reached a record high in October, The UK’s future prospects for future economic development, CHF is the second best performing currency for 2022

Rebecca Duthie Rebecca Duthie 17.11.2022 16:10
Summary: Final headline inflation in the Euro Area reached a record high. Tax increases and spending reductions in the UK. CHF becomes the second best performer of 2022. EUR/USD constrained by interest rate disparity The market is reflecting mixed signals for this currency pair. Final headline inflation in the Euro Area reached a record high of 10.6% in October, just under the earlier estimate of 10.7%. Data from Eurostat show that the highest annual rate in October was for energy, which was at 41.5 percent (up from 40.7 percent in September), followed by food, alcohol, and tobacco, which had a rate of 13.1 percent (down from 11.8 percent in September), and non-energy industrial goods, which had a rate of 6.1 percent (compared to 5.5 percent in September). As the post-CPI surge slows, the current gain in the EUR/USD has come to an end. The prices in the ultra-short end of the US bond market are stable even as market forecasts of a reduction in rate increases rise. The yield on a one-year US Treasury bill is approximately 4.66 percent, which is more than 250 basis points higher than the yield on a one-year German bond. Any short-term increase in the EUR/USD currency will continue to be constrained by this interest rate disparity. EUR/USD Price Chart GBP relying on Hunts credibility The market is reflecting bullish signals for this currency pair. The UK's prospects for future economic development will be diminished by the tax increases and spending reductions, but a convincing autumn statement from Chancellor Jeremy Hunt might boost the value of the pound sterling. This is due to the fact that reputation will determine how the market responds to the fiscal event on Thursday. Hunt is expected to present a budget that will hinder development; however, the Pound's response will ultimately depend on how the market reacts to the credibility issue. Some analysts caution that while the Pound might gain from renewed confidence, its value could still drop if Hunt is overly bold and his recommended level of austerity becomes overwhelming. EUR/GBP Price Chart CHF could continue to strengthen According to analysts at Nomura, the Swiss Franc has flipped the major currency league table on its head to become the second best performer of 2022. However, it could rise even further against the Pound and even have the potential to bring the GBP/CHF rate back to 1.0555 in the coming months. In the early months of the year, the Swiss Franc had given the Japanese Yen a tough fight for the bottom spot in the performance rankings of the major currencies, but a hawkish stance by the Swiss National Bank (SNB) and a supportive foreign exchange policy have reversed the previous order of performances. The SNB has become open to buying back its own currency whenever market circumstances cause the Franc to weaken, even though it is still prepared to suppress the Franc if it appreciates too much for its tastes. This is because doing otherwise would raise Switzerland's inflation rate further. GBP/CHF Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
TEST

Many sued in FTX scandal, Elon Musk to reduce his time at Twitter, EU stocks edged higher on Thursday

Rebecca Duthie Rebecca Duthie 17.11.2022 13:34
Summary: U.S cryptocurrency investors suing a number of celebrities in the FTX crash. Musk predicted on Wednesday that he would soon spend less time managing Twitter. European markets declined and US futures edged up. FTX scandal leaves celebrities sued FTX founder Sam Bankman-Fried, as well as a number of celebrities who supported his exchange, such as NFL quarterback Tom Brady and comedian Larry David, were sued by U.S. cryptocurrency investors who claimed they used misleading tactics to sell FTX yield-bearing digital currency accounts. The FTX yield-bearing accounts, according to the proposed class action lawsuit filed on Tuesday night in Miami, were unregistered securities that were forcibly offered in the country. As a result of accusations that $10 billion in customer assets were transferred from FTX to Bankman-trading Fried's firm Alameda Research, FTX filed for bankruptcy and is now under investigation by American authorities. Reuters has been informed by sources that at least $1 billion in client cash are stolen. U.S. investors allegedly suffered losses of $11 billion when the cryptocurrency exchange failed due to liquidity issues, according to the lawsuit. David, the creator of "Seinfeld" and "Curb Your Enthusiasm," as well as 11 athletes and other celebrities who marketed FTX, are being sued for damages. Bankman-Fried is also being sued. The Golden State Warriors basketball franchise, tennis player Naomi Osaka, and Brady are all defendants in the lawsuit. Prior to now, investors and the US Securities and Exchange Commission have sued famous people for falsely endorsing cryptocurrencies. *TOM BRADY, GISELE BUNDCHEN, STEPH CURRY, AND LARRY DAVID AMONG CELEBS SUED OVER FTX 'PONZI SCHEME' - https://t.co/Jga8DTaRrZ pic.twitter.com/48ZdRZAFVa — Investing.com (@Investingcom) November 17, 2022 Musk at twitter Elon Musk predicted on Wednesday that he would soon spend less time managing Twitter and find someone else to do so. The remarks were made by Musk as he testified in a Delaware court to refute allegations that his $56 billion compensation package at Tesla (NASDAQ:TSLA) was based on performance goals that were simple to meet. The Wall Street Journal claimed on Monday that Musk stated that his "workload has recently increased quite a lot" during a virtual appearance at the B20 business conference in Indonesia. "I have too much work on my plate, that is for sure," the CEO of Tesla, Twitter, SpaceX, and Boring Company said. Concerns about Musk's present workload have been raised by numerous Musk supporters. In a later tweet, he said he had "Tesla covered too. Will be there part of this week," after tweeting that he had been "at Twitter SF HQ all night. Will be working & sleeping here until org is restored." *ELON MUSK SAYS HE EXPECTS TO REDUCE TIME AT TWITTER AND FIND SOMEONE TO RUN THE COMPANY - https://t.co/mvj7lIWYj7 pic.twitter.com/PzUBo3kjru — Investing.com (@Investingcom) November 17, 2022 US stocks increased slightly on Thursday On Thursday, investors weighed conflicting economic statistics coming out of the world's largest economy and anticipated a significant budget speech in the UK. European markets declined and US futures edged up. Germany's Dax rose 0.2% while the regional Stoxx Europe 600 dipped 0.1%. The S&P 500 on Wall Street gained 0.1%, and the Nasdaq 100, which is heavily weighted toward technology, gained 0.2%. Ahead of UK chancellor Jeremy Hunt's anticipated announcement of a comprehensive package of spending cuts and tax increases intended to rein in inflation, mend the nation's shattered finances, and repair some of the reputational damage caused by his predecessor Kwasi Kwarteng's disastrous "mini" Budget in late September, London's FTSE index fell 0.5%. Data released on Wednesday revealed that on the strength of rising energy and food costs, UK inflation soared to a 41-year high in October, increasing to 11.1 percent from 10.1 percent in September. Even though figures indicate the UK has already entered a recession, the report increases pressure on the Bank of England to hike interest rates from their current level of 3% when it meets again in December. Sterling lost its early gains and fell 0.2% to $1.18 against the dollar. The actions follow an unexpected increase in US retail sales in October. European stocks nudge higher as investors digest economic data https://t.co/AjA80ozugQ — Financial Times (@FT) November 17, 2022 Sources: ft.com, investing.com, twitter.com
Musk testified in Delaware court on Wednesday claiming he had little say in the Tesla payout that helped him become the world's richest man

Musk testified in Delaware court on Wednesday claiming he had little say in the Tesla payout that helped him become the world's richest man

Rebecca Duthie Rebecca Duthie 16.11.2022 18:54
Summary: Elon Musk testified that he was not involved in the pay negotiations. Shareholders claim the board is made up of Musks ‘pals’. Musk testified on Wednesday On Wednesday, Elon Musk testified that he was not involved in the negotiations among Tesla board members about a 2018 compensation plan that gave him billions in stock options and helped him become the richest person in the world. Speaking in a Wilmington, Delaware courtroom, Mr. Musk rebutted claims made in a shareholder complaint that the board of the electric car company was comprised primarily of his pals and other close associates who carried out his orders. In the lawsuit in which Mr. Musk is testifying, the focus is on a compensation package that provided Mr. Musk stock options that allowed him the ability to purchase nearly $50 billion worth of Tesla shares if the firm fulfilled specific sales, profit, and share price gain benchmarks. The agreement was one of the biggest of its kind at the time, and many other business boards have used it as a model to reward top executives. Attorneys for the shareholder Richard Tornetta, who filed the lawsuit, claim in court filings that Mr. Musk began discussing his remuneration package with Ira Ehrenpreis, the director who oversaw the board's compensation committee, in April 2017. Additionally, the plaintiff's attorneys claimed in court documents that Tesla directors and executives testified that the board did not anticipate Mr. Musk leaving the organization and had not started to find suitable successors to him. The company's shares started rising substantially more than a year after the 2018 Tesla compensation agreement was implemented, increasing from about $21 to a record of about $410 in November 2021. Since then, it has decreased by roughly 50% and currently costs around $190. Chancellor Kathaleen McCormick of the Delaware Court of Chancery is hearing the issue. She also ruled over the brief legal action Twitter brought against Mr. Musk in July to compel him to complete the acquisition of the social media giant after he attempted to back out of the transaction. Last month, Mr. Musk closed the transaction. TSLA price chart SourceS: finance.yahoo.com, nytimes.com
The Commodities Feed: First US crude draw this year

WTI Crude Oil futures, Palladium futures touching 1-month highs, Coffee touching 15-month lows

Rebecca Duthie Rebecca Duthie 16.11.2022 17:32
Summary: Palladium futures extended gains to their highest in a month. The price of Arabica coffee futures dropped to its lowest level in 15 months. Oil prices were kept in check by worries about a global economic downturn. WTI Crude futures After a Russian-made missile struck Polish territory and killed two citizens, geopolitical worries shook the markets, as WTI crude futures hovered close to $87 per barrel on Wednesday. The missile's launcher is still unknown with certainty, according to Polish President Andrzej Duda, who also noted that it was an isolated incident. As the European Union prepares to impose an embargo on Russian crude supplies starting in December, the possibility of a wider conflict in Europe threatens to compound the outlook for a tightening supply on the oil market. OPEC further reduced its estimates for the growth of the world's oil consumption in 2022 and 2023, citing escalating economic problems such high inflation, rising interest rates, and supply chain disruptions. Oil prices were kept in check by worries about a global economic downturn as major central banks tightened policy further and uncertainty relating to COVID in the world's largest petroleum importer, China. WTI crude futures price chart Palladium futures supported by prospects of a more dovish fed The dollar index neared 3-month lows as palladium futures extended gains to above $2,070 per ounce, the highest in a month, on the expectation that the Fed will raise interest rates more slowly as inflation starts to decline. As a result of higher interest rates, slower economic development, and the replacement of platinum for palladium, palladium prices are still 35% below their March peak. After four straight 75 bps rises, the Federal Reserve, the most powerful central bank in the world, is anticipated to boost the fed funds rate by 50 basis points in December. Furthermore, despite the price increase and supply chain disruptions, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet returned to its pre-pandemic levels. The palladium market is projected to be balanced or in deficit this year and next year, according to analysts who predict supply-demand balances. Palladium Mar ‘23 futures price chart Coffee futures fell due to improved supply prospects The price of Arabica coffee futures dropped to $1.64 a pound, its lowest level in 15 months, as supply prospects improved and demand projections were expected to decline. World Weather reported that Brazil's 2023–24 coffee crop had grown in a "very excellent climate" due to frequent rain and plenty of sunshine, sparking hopes for a potential record production in the top producer Brazil the following year. Additionally, Colombia, Mexico, and Central America are predicted to produce better crops. Demand is expected to decrease at the same time that global growth slows. Even yet, according to the most recent statistics, ICE-certified arabica stocks hit a new low of 384,795 bags, which is a 23-year low, although traders predicted that stocks would soon rebound. Coffee Mar ‘23 futures price chart Sources: finance.yahoo.com, tradingeconomics.com
Growth Of The USD/JPY Pair Is Hampered By Resistance

Euro has remained resilient to currency counterparts despite Tuesdays events in Poland, Yen supported by USD decline

Rebecca Duthie Rebecca Duthie 16.11.2022 17:29
Summary: The EUR/USD has displayed remarkable resilience to trade higher. The British Pound plummeted against the Euro. The JPY has clearly benefited from the decline in the value of the USD. Financial markets are on high alert The market is reflecting bullish signals for this currency pair. According to the most recent 30-day Fed Fund futures price information, the Federal Reserve is anticipated to increase interest rates by a further 100 basis points over the upcoming months, to 475–500bps, and then suspend their tightening cycle. Despite yesterday's concern following reports of a missile landing in Poland, the EUR/USD has displayed remarkable resilience to trade higher this morning. According to Joe Biden's remarks, it seems improbable that Russia fired the missile based on its trajectory. Due to the possibility of a wider conflict now that a NATO ally has been negatively impacted by the Russia/Ukraine crisis, the missile has put Europe, NATO, and financial markets on high alert. At 9:00 GMT, NATO has called an emergency meeting to review yesterday's events and the alliance's response. EUR/USD price chart UK inflation figures caused GBP to decline The market is reflecting mixed signals for this currency pair. Following some hotter-than-expected UK inflation figures that suggested the Bank of England could not yet afford to stop its interest rate hike cycle, the British Pound plummeted against the Euro, the Dollar, and other major currencies. However, we cautioned in our week-ahead forecast that the market might now consider stronger-than-expected inflation as a negative, as rising prices and interest rates would snuff out the UK's prospects for economic development. Normally, such a result would help the Pound. EUR/GBP price chart JPY supported by weak USD The market is reflecting mixed signals for this currency pair. The Japanese Yen has clearly benefited from the decline in the value of the US dollar in November, outperforming all other major currencies. However, analysts at MUFG believe the Japanese Yen could rise even more in the future, especially against the British pound. They advise clients to bet against the GBP/JPY pair and look for a fall to 158. After official data revealed that U.S. inflation softened in October, the Yen surged substantially against all equivalents in the G10 group of major currencies, but analysts at Japan's largest banking MUFG claim that this was just the start of a longer-lasting rebound. GBP/JPY price chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Solid Wage Growth in Poland Signals Improving Labor Market Conditions

UK inflation accelerated in October, remote disabled workers could assist in bringing down unemployment, Asian stocks fell in the wake of missile strike in Poland

Rebecca Duthie Rebecca Duthie 16.11.2022 11:51
Summary: The UK's inflation rate accelerated to 11.1 percent in October. Due to COVID, more disabled employees are now employed. Reports that two individuals were killed by a Russian-made rocket in eastern Poland caused risk-sensitive markets to fall. UK inflation surpassed expectations On the basis of rising energy and food prices, the UK's inflation rate accelerated to 11.1 percent in October, reaching a new 41-year high. The rate increased from 10.1% in September, according to the Office for National Statistics, bringing inflation to its highest point since October 1981. In a Reuters poll, economists predicted a rate of 10.7%. The government's energy price guarantee, which set a maximum on gas and electricity bills at £2,500 for a household using both fuels on average, did not prevent the significant increase in living expenses. One encouraging aspect of the data was that core inflation, which excludes food and energy, remained constant in October at 6.5%, matching its level from the previous month. In his Autumn Statement on Thursday, Chancellor Jeremy Hunt blamed Russia's invasion of Ukraine for the rising cost of living crisis and promised to make "difficult but necessary decisions on tax and spending" to assist lower inflation. “We cannot have long-term, sustainable growth with high inflation. Tomorrow I will set out a plan to get debt falling, deliver stability, and drive down inflation while protecting the most vulnerable,” Hunt said. UK inflation accelerates to 41-year high of 11.1% https://t.co/N0fRWxcK9o — Financial Times (@FT) November 16, 2022 Hiring remote disabled workers could assist in Americas labor crisis Although the end of America's widespread labor crisis is still not in sight, some economists contend that having a workforce with a wider range of abilities in today's hybrid workplace could assist. Due to COVID, more disabled employees are now employed thanks to the shift to working from home or using a hybrid approach. Disability-related adults between the ages of 25 and 54 "are 3.5 percentage points more likely to be employed in Q2 2022 than they were pre-pandemic," according to the Economic Innovation Group (EIG). In comparison, non-disabled people continued to have a 1.1 percentage point lower likelihood of being employed. The coronavirus epidemic, which eliminated 500,000 jobs from the American workforce, and the Great Resignation, which began following the outbreak, are both factors in the current labor crisis. According to the U.S. Chamber of Commerce, there would still be around 4 million unfilled positions even if every unemployed person found employment. Prior to COVID, 6.3% of people with disabilities and 5.9% of people without disabilities worked from home. Because it removes obstacles like driving to work and other locations that can be challenging to manage, working remotely boosts productivity for employees with impairments. She pointed out that perks like closed captioning, flexible working hours, medical breaks, and the use of one's own assistive equipment help employees produce the highest-quality work, boosting a company's financial success. Due to their unique perspectives and environments, these people really have an advantage over their non-disabled coworkers who aren't disabled. Hiring remote disabled workers could help close the labor gap, economist says https://t.co/GkQxnaRg1D by @tanyakaushal00 pic.twitter.com/91zBf47AGI — Yahoo Finance (@YahooFinance) November 16, 2022 Missile that hit poland weighing on Asian stocks As investors sought more information on a potential Russian missile assault on Poland, Asian stock markets declined on Wednesday. However, anticipation that the Federal Reserve will hike interest rates more slowly helped to limit losses. As investors locked in a stellar three-day gain streak, Hong Kong stocks had the worst day, with the Hang Seng index down 1.1%. With recent increases, the Hang Seng has come very close to confirming a bull market rally from recent lows. Following reports that two individuals were killed by a Russian-made rocket in eastern Poland on Wednesday, risk-sensitive markets fell. If the attack was carried out by Russia, it would be the first time since Moscow invaded Ukraine that a NATO member had been attacked by Moscow (NATO). The action might also herald an escalation in the confrontation between Russia and Ukraine, especially in light of NATO involvement. However, early remarks from Moscow and Washington imply that such an outcome might not occur. *GLOBAL STOCKS SLIP IN CAUTIOUS TRADE AS MARKETS WEIGH POLAND MISSILE STRIKE https://t.co/IZatRFKYp3 — Investing.com (@Investingcom) November 16, 2022 Sources: finance.yahoo.com, twitter.com, ft.com, investing.com
The GBP/USD Pair Did Not Reach The Nearest Target Level Of 1.2259

United Kingdom headline inflation beat market expectations but GBP remains in hostile environment

Rebecca Duthie Rebecca Duthie 16.11.2022 09:15
Summary: Stagflation is exemplified by the UK as a hostile environment for the pound. The headline CPI inflation rate was 11.1% YoY. BoE is forced to keep hiking interest rates. GBP CPI beat market expectations Stagflation, in which an economy is plagued by rising prices and a lack of growth, is best exemplified by the UK as a hostile environment for the pound. In October, the headline CPI inflation rate was 11.1% year over year, easily surpassing September's reading of 10.1% and beyond the consensus forecast of 10.7%. According to the ONS, core inflation, which is a better indicator of "home grown" inflationary pressures, increased by 6.5% in October, unchanged from September but higher than consensus expectations of 6.5%. Due to the fact that this is three times greater than the Bank of England's legal target of 2.0%, the Bank is forced to keep hiking interest rates. The increase in energy costs following the Ofgem price increase in October also contributed to the surge. It should be noted that if not for the government's Energy Price Guarantee, which regulates the amount that households pay for energy, inflation would have been closer to 13.8%. Rising prices and interest rates continue to be a threat to the UK economy, and on Thursday, Chancellor Jeremy Hunt is expected to unveil yet another round of tax increases and spending reductions, adding to the misery. Market reaction to the GBP CPI inflation Following some hotter-than-expected UK inflation figures that suggested the Bank of England could not yet afford to stop its interest rate hike cycle, the British Pound plummeted against the Euro, the Dollar, and other major currencies. The FTSE 100 index rallied in the wake of the release of the data. However, we cautioned in our week-ahead forecast that the market might now consider stronger-than-expected inflation as a negative, as rising prices and interest rates would snuff out the UK's prospects for economic development. Normally, such a result would help the Pound. Sources: poundsterlinglive.com, dailyfx.com
Apple May Surprise Investors. Analysts Advise Caution

European chipmakers seek stability in the wake of new US export restrictions

Rebecca Duthie Rebecca Duthie 15.11.2022 19:13
Summary: European chipmakers said they are looking for stability for their operations. Washington's export restrictions hinder operations of global supply chains. Chipmakers seeking stability Leading European chipmakers said they are looking for stability for their operations in China as Washington's export restrictions hinder operations of global supply chains. STMicroelectronics, Infineon, and NXP Semiconductors' chief executives stated on Monday that while they are in compliance with Washington's export restrictions against China's semiconductor industry, they do not have any plans to stop doing business in the Asian nation, which has the second-largest economy in the world. One of the largest semiconductor trade fairs in Europe, Electronica in Munich, hosted the CEO Roundtable special event where the remarks were made. Early in October, the US Department of Commerce began a fresh wave of export control measures to limit China's capacity to develop cutting-edge computer and artificial intelligence technology by limiting access to US technologies. As their products for the Chinese market are more about mature chip production technology than the advanced ones targeted by Washington, European companies who supply tools used in chip production, like ASML, and European chipmakers are less affected by the new laws than American companies. Geopolitical unrest for European chipmakers However, European chip companies are concerned that the geopolitical unrest brought on by the escalating hostilities between Washington and Beijing will stymie their business activities in China. The Joe Biden administration reportedly tried to establish a trilateral deal with Japan and the Netherlands on Sunday, according to the Financial Times, in order to make it more challenging for China to produce cutting-edge semiconductors for military applications. Despite the fact that the new regulations have no impact on NXP's operations in China, Sievers said the company has advised its US-based employees to stop communicating with clients who are engaged in the semiconductor manufacturing industry in China since the regulations went into effect last month. Sources: ft.com
Inflation Outlook: Energy Prices Drive Hospitality, Food Inflation Eases

The US dollars surrender to the Euro continues, GBP/USD touching 3-month highs, BoJ may continue its loose monetary policy

Rebecca Duthie Rebecca Duthie 15.11.2022 18:54
Summary: The USD continues its surrender to the Euro. The Pound has risen to a new three-month high versus the Dollar. The figures from today may indicate that the BoJ will keep its monetary policy loose. Euro performs well against the USD The market is reflecting mixed signals for this currency pair. The Euro to Dollar exchange rate (EUR/USD) hit a high of 1.0477 on Tuesday as a result of the continued dollar surrender that was brought on by the publication of weaker-than-anticipated U.S. inflation data last Thursday. The advances have already brought the pair close to the 1.05 level, which was predicted to be a potential objective in the near future by our week ahead projection. Investors' assumption that the Federal Reserve will slow down its interest rate hike cycle as U.S. inflation shows symptoms of peaking has sent the EUR/USD up 3.7% last week and another 1.10% this week. The sudden increase in the Euro's value relative to the Dollar is most likely due to a sizable liquidation of "long" dollar positions taken by investors hoping to profit from the Dollar's multi-month advance. EUR/USD Price Chart US dollars downfall in the wake of economic data The market is reflecting bullish signals for this currency pair. The Pound has risen to a new three-month high versus the Dollar as another inflation report fueled the U.S. currency's significant devaluation that was initially started by last week's U.S. inflation data. At 13:30 GMT, the Dollar's drop increased with the announcement of the U.S. The PPI inflation data was less than anticipated, confirming the CPI inflation from last week that the trend of rising prices has peaked. The strong market response to last week's U.S. inflation reading, which saw CPI come in below market expectations and indicated a turning point for both inflation and the Federal Reserve rate hike cycle might have been reached, is extended by the GBP/three-month USD's high. GBP/USD Price Chart USD/JPY currency pair The market is reflecting mixed signals for this currency pair. The Japanese Yen initially ignored the dismal GDP numbers because the USD/JPY was comfortably over 140.00. After 30 minutes, it surged past 140.50. The Japanese seasonally adjusted 3Q quarter-to-quarter GDP was down 0.3% from the previous quarter's 0.9%, falling short of predictions of 0.3%. In contrast to expectations of 1.2% and 3.5%, seasonally adjusted annualized quarter-to-quarter GDP as of the end of September was -1.2%. Prior to the release of today's data, the USD/JPY had been lagging in the wake of last Thursday's release of the US CPI, which the market had deemed to be rather benign. This sparked suspicion that the Federal Reserve would not need to raise rates as aggressively as previously believed. The graphic below illustrates the connection between Treasury yields, Japan-US bond spreads, and USD/JPY. With the Bank of Japan's yield curve control program, changes in Treasury yield mostly dictate the bond spread. The figures from today may indicate that the central bank will keep its monetary policy loose. USD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Commodities Update: Strong Russian Oil Flows to China and Volatility in European Gas Market

Gold future prices remaining stable, NGAS higher amidst expectations of cooler weather, cotton futures recovering their 22-month lows

Rebecca Duthie Rebecca Duthie 15.11.2022 18:53
Summary: On Tuesday, gold prices remained stable. US NGAS futures increased on expectations of increasing heating demand as a result of colder than usual temperatures. Cotton prices remained almost 50% below their May peak. Gold trading at highest levels in 3 months On Tuesday, gold prices remained stable at approximately $1,770 per ounce as traders reevaluated the outlook for US interest rates in the wake of conflicting signals from the Federal Reserve. The Fed still has a lot of work to do in combating inflation, according to Fed officials, who conceded that the central bank may pause the pace of rate rises in the forthcoming sessions. After delivering four consecutive 75 basis point increases, investors are predicting that the Fed would scale back the magnitude of its rate hikes to 50 basis points starting in December. Gold, however, continued to trade at its highest levels in almost three months, largely as a result of recent dollar weakness and a decline in cryptocurrency prices. Although rising interest rates diminish its appeal because the metal does not pay interest, gold has long been seen as a safe-haven asset in times of economic uncertainty. Gold Dec ‘22 Futures Price Chart NGAS futures up on cooler temperature prospects In the third week of November, US natural gas futures increased on expectations of increasing heating demand as a result of colder than usual temperatures. There are indications that the Freeport LNG export plant restart won't happen until December, which would increase the amount of gas available for domestic usage. According to other recent EIA statistics, US utilities added 79 bcf of gas to storage last week, falling short of market forecasts for an increase of 84 bcf and falling short of a gain of 15 bcf during the same week last year. NGAS Dec ‘22 Futures Price Chart Cotton recovering from 22-month lows As dip buyers started to show up, a significant selloff that had driven cotton futures to a nearly 22-month low of 71.6 last month was tempered. Cotton futures are now moving towards the 80 USd/Lb level. Nevertheless, prices remained almost 50% below their May peak, restrained by a stronger currency and persistent worries about demand brought on by the difficult economic climate. According to the most recent estimate from the US Department of Agriculture, both acreage and yield grew, and worldwide cotton production is predicted to reach 118.1 million bales in 2022–2023—an increase of 2% over the previous year. India, Brazil, and China are mostly responsible for the increased output, which counterbalanced decreases from the United States and Pakistan. Cotton Mar ‘23 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
TEST

Nike, the market leader in fashion NFTs, to unveil DOT Swoosh, risk appetite in the market increased, AMZN to layoff 1% of its workforce

Rebecca Duthie Rebecca Duthie 15.11.2022 13:20
Summary: Dot Swoosh is a new Web3 platform and ecosystem that Nike is announcing today. Tuesday saw gains in Treasury yields across the board. Amazon (AMZN) is ready to fire around 10,000 employees as soon as this week. Nike announcing DOT Swoosh Nike bought the digital design company Rtfkt last year, and as a result, has emerged as a market leader in fashion NFTs. The sporting juggernaut is currently working on a stand-alone Web3 campaign intended to appeal to traditional brand followers rather than the early adopters who are well-versed in cryptocurrencies. Dot Swoosh is a new Web3 platform and ecosystem that Nike is announcing today. It is located at the domain Swoosh.nike. The initiative is a part of Nike Virtual Studios, which is run by former Snkrs app head and VP Ron Faris. According to Faris, Nike will house its virtual creations on Dot Swoosh, which debuts this Friday. Access is granted by an access code and registration is open as of right now.) In January, a debut digital collection will be released.According to Faris, who is in charge of Nike's blockchain, Web3, and metaverse strategies, the platform will allow users to buy, display, and exchange physical and digital goods as well as products they have created together. Nike has generated at least $185.3 million in income from Web3 products so far, which puts it ahead of rivals Adidas ($11 million) and Puma ($1.3 million), thanks to NFT sales from Rtfkt and with them the Web3-native company's pre-acquisition NFT collections. About half of Nike's total revenue came from Rtfkt's CloneX NFT avatar line, highlighting the significance of the acquisition for Nike's Web3 strategy thus far. A new platform from Nike Virtual Studios aims to onboard the #Web3 curious among Nike consumers, with a roadmap that borrows from @RTFKT’s playbook. https://t.co/RINZYZm0gI — Vogue Business (@voguebusiness) November 14, 2022 EU Stocks supported by increase in risk appetite Tuesday saw gains in Treasury yields across the board as investors re-entered booming equity markets following some profit-taking in the previous day. European equities and US futures also increased. After Xi Jinping and Joe Biden expressed a desire to strengthen US-China relations during their meeting on Monday before the G20 summit in Indonesia, and Beijing took action to relax some economic limitations, Asian markets saw significant gains. The market changes follow the US consumer prices index coming in below economists' expectations last week, which boosted US equities markets (the S&P 500 gained 5.5% on Thursday) and depressed the dollar. The Federal Reserve is under less pressure to raise interest rates by 0.75 percentage points for the fifth time in a row when it meets in December as a result of October's inflation figures. However, other analysts think that investors have become overly enthusiastic. In the lack of new economic information, Mike Zigmont, head of trading and research at Harvest Volatility Management, claimed that the argument over whether the most recent increase in stock prices marks the beginning of a true bull run or merely a bear market rebound is essentially pointless. European stocks rise as appetite for risk sparks rallies across markets https://t.co/3UVwb9E1va — Financial Times (@FT) November 15, 2022 AMAZON to layoff 1% of its global workforce According to unnamed persons familiar with the situation, The New York Times claimed on Monday that Amazon (AMZN) is ready to fire around 10,000 employees as soon as this week. The layoffs occur as the tech sector struggles to remain competitive in the face of a sluggish economy, rising interest rates, and persistent inflation. This month, thousands of employees were also let off by Twitter and Facebook's parent company Meta. The Times reports that the layoffs will have an effect on Amazon's Alexa business as well as the company's retail and human resources businesses. The Alexa group at Amazon, which creates the Echo hardware and related software, suffers annual losses of up to $5 billion, according to The Wall Street Journal, which cited internal papers it had examined. Amazon has joined the growing list of IT firms that have either frozen hiring or implemented layoffs. The 10,000 positions represent about 1% of Amazon's 1.5 million global employees. According to The Times, the precise number of anticipated layoffs may alter before they are officially revealed. On Nov. 3, Amazon declared a hiring moratorium. Amazon to lay off 10,000 workers as soon as this week: New York Times https://t.co/apeIJsSSV1 by @DanielHowley $AMZN — Yahoo Finance (@YahooFinance) November 15, 2022 Sources: finance.yahoo.com, voguebusiness.com, ft.com, twitter.com
Binance Academy: Coin Burn - What Is It?

FTX crash causing its auditors to come into question

Rebecca Duthie Rebecca Duthie 14.11.2022 17:45
Summary: FTX had its 2021 financial reports audited. A run on customer deposits began the downfall of FTX. The downfall of the FTX crypto Two US accounting companies that the cryptocurrency exchange claimed it had hired to examine its books have come under scrutiny as a result of FTX's demise. FTX asserted that Armanino, one of the 20 largest accounting companies in the nation by sales, and Prager Metis, which bills itself as the first accounting company to open a headquarters in the metaverse, had audited its 2021 financial reports. Even though the accounting regulations for digital assets are frequently ambiguous and businesses are still in their infancy, the two firms are among many in the US that have professed expertise in digital assets in a bid to seek business from the rising number of crypto enterprises. Sam Bankman-Fried, the founder of FTX, hailed the audit of the company's financial results as a turning point last year, but neither the accounts nor the auditors' names were made public until the day before FTX filed for bankruptcy on Friday. When Forbes magazine was putting together a ranking of cryptocurrency exchanges earlier this year, the publication claimed that FTX gave it "a trove of information on its operations, including most of the companies it did business with, when its last audits were, and details on its regulatory licenses." (FTX eventually came in sixth.) FTX accounting firm is in the spotlight Both accounting firms declined to comment on the extent of their work for FTX or the time since they last provided an audit opinion. A run on customer deposits at its international exchange that followed revelations about the exchange's complex connections to other parts of Bankman-crypto Fried's enterprise brought down FTX. According to those acquainted with the company's finances, his trading outfit Alameda Research owing FTX $10 billion this week. FTX token price chart Sources: finance.yahoo.com, ft.com
Agricultural Commodities Markets Are Going To Remain Sensitive To Developments In The Russia-Ukraine War

Silver prices are 12% up in November, brent crude down on concerns around the reopening of China, corn futures falling

Rebecca Duthie Rebecca Duthie 14.11.2022 17:20
Summary: Silver prices are nearly 12% higher in November. Investors remained on edge due to concerns over a possible reopening of China. Corn futures had their largest monthly decline on indications of ample supply. Silver futures up in November When compared to the five-month high of $21.7, silver futures were trading near $22 per ounce as speculators continued to predict how much the Federal Reserve will increase interest rates at its upcoming meetings. Despite the October inflation reading being lower than anticipated, Fed policymakers insisted that the central bank is continuing to fight inflation. Even so, silver prices are nearly 12% higher in November as wagers on the Federal Reserve's target rate were reduced by data confirming the trend of reducing inflation. In December, the Fed is expected to increase its target funds rate by 50 basis points (bps), slowing from the four consecutive 75-bps rate increases made since June. Although bullion is frequently employed as an inflation hedge, its attraction is diminished by increased interest rates as they increase the opportunity cost to store non-interest-bearing assets. Silver futures price chart Brent crude oil falling in the wake of relaxed COVID-19 measures in China Brent crude futures were trading at roughly $95 per barrel, a sharp decline from their daily highs of $97 per barrel as investors remained on edge due to a strong currency and concerns over a possible reopening of China. China's National Health Commission recently relaxed certain coronavirus-related restrictions on the top oil import in the world, but an increase in coronavirus cases over the weekend delayed plans for an immediate and thorough reopening. After OPEC+ agreed to limit output by 2 million barrels per day in November, the potential of even tighter supplies continued to support prices. At the same time, a ban on Russian oil by the European Union is scheduled to go into effect in December. Brent crude futures price chart Corn weighed down by strong supply prospects Chicago maize futures experienced their largest monthly decline on indications of ample supply. As poor Chinese demand encourages soybean farmers to grow alternative crops, USDA predictions point to increased corn seedlings and plantation areas for the upcoming marketing year. Expectations for the supply increased as well after Russia declared it will rejoin the UN-mediated agreement that ensures the security of grain exports from Ukrainian Black Sea ports. Moscow's decision to withdraw from the deal at the end of October over security considerations was overturned by the action, allaying concerns about a worldwide food crisis. The restoration of trade not only facilitates exports but also allows Ukraine to release significant storage space in silos as the harvest for the 2022–2023 marketing year is underway. Corn futures price chart Sources: tradingeconomics.com, finance.yahoo.com
EUR/USD Pair May Have A Potential For The Further Rally

Eurozone’s entry into a recession may be delayed, the GBP and NZD - high beta currencies

Rebecca Duthie Rebecca Duthie 14.11.2022 17:20
Summary: Analysts predict that the EUR/USD exchange rate will continue to improve. Eurozone entry into a recession may be delayed. Neither the British pound nor the New Zealand dollar seem to be winning out. Fed still determined to bring down inflation The market is reflecting mixed signals for this currency pair. Analysts predict that the EUR/USD exchange rate will continue to improve over the course of the upcoming week, however many still believe that the market is merely clearing out technical positions rather than the beginning of a long-term recovery. The Federal Reserve Governor Christopher Waller's remarks that the Fed was not yet prepared to cease its cycle of rate hikes helped the Dollar at the beginning of the new week. Investors' reactions to an unexpected drop in U.S. inflation caused the Dollar index, a gauge of the dollar's performance more broadly, to plummet by 4% last week. The statistics indicated that the U.S. inflation peak is near, and the Federal Reserve should therefore think about reducing the rate of raises. Most investors are now expecting a downshift to a 50 basis point boost in December. But Waller said investors risk getting carried away with a belief the end of rate hikes is close. EUR/USD Price Chart Eurozones entry into a recession expected to be delayed The market is reflecting bullish signals for this currency pair. Following a 0.9% month-over-month and 4.9% year-over-year increase in September industrial production for the Eurozone, the currency received a lift on Monday. The numbers are far better than the anticipated +0.1% m/m and 2.8% y/y, indicating that the European Union's entry into recession may be postponed. The current recovery could turn out to be mostly technical in character, which would increase the dollar's strength as investors pay attention to the Fed's warnings that the cycle of interest rate hikes is far from over. This would be a risk for those looking for a stronger Euro. The British pound is a "high beta" currency, which means that it tends to rise along with rising stock markets around the world, as was undoubtedly the case after the inflation figure. EUR/GBP Price Chart GBP/NZD currency pair A busy UK calendar could mean that this pair finally offers up some excitement this week. The Pound to New Zealand Dollar exchange rate (GBP/NZD) has been consolidating around 1.93 for nearly seven days now, and the near-term price activity is beginning to resemble the coiling of a spring. With two "high beta" currencies that are responsive to global conditions, the GBP/NZD pair has seen its price action in November mostly driven by world events. As a result, both currencies have benefited from the U.S. inflation surprise from last week. But when compared with one another, neither the British pound nor the New Zealand dollar seem to be winning out. GBP/NZD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Hawkish Fed Minutes Spark US Market Decline to One-Month Lows on August 17, 2023

Fed may delay the rate of its interest rate hiking cycle, Musk’s Tesla lawsuit to hit court, U.S stock market rally

Rebecca Duthie Rebecca Duthie 14.11.2022 15:51
Summary: The Fed may think about delaying the rate of rate rises at its next meeting. Shareholders claim that Tesla has benefited its co-founder and CEO at their expense. U.S. stocks just experienced their greatest week since June. Fed is still committed to decreasing inflation Federal Reserve Governor Christopher Waller said on Sunday that the U.S. Federal Reserve may think about delaying the rate of rate rises at its next meeting, but it should not be seen as a "softening" in its commitment to decrease inflation. Waller responded to a series of questions on monetary policy at an economic conference hosted by UBS in Australia by stating that markets should now focus on the "endpoint" of rate increases rather than the speed at which each move is made. Waller also noted that the endpoint is likely still "a ways off." Inflation is a factor. Waller stated that even if the Fed stepped back from three quarter point hikes to a half point rise at its next meeting, "you're still moving up," adding that the 7.7% annualized increase in inflation recorded in October is still "enormous." This year, starting in March, the Fed increased interest rates a total of 3.75 percentage points, including four three-quarter point increases. This swift change in monetary policy was done to combat the greatest inflationary spike since the 1980s. Analysts and economists have cautioned that the tightening of monetary policy will increase the probability of a recession and have an effect on employment. Sherrod Brown, chair of the U.S. Senate Banking Committee, cautioned the Federal Reserve this month against tightening monetary policy to the point where millions of Americans who are already experiencing high inflation lose their jobs. *FED MAY CUT SIZE OF RATE HIKES, BUT IS NOT 'SOFTENING' INFLATION FIGHT, WALLER WARNS - https://t.co/DtihB5nu6C pic.twitter.com/SMZnAaH5Bt — Investing.com (@Investingcom) November 14, 2022 Musk is scheduled to testify this week In a lawsuit filed by shareholders who claim the electric vehicle manufacturer has benefited its co-founder and CEO at their expense, Elon Musk will attempt to demonstrate his merit for a multibillion dollar pay deal from Tesla. The richest man in the world is scheduled to testify this week in a trial that starts on Monday. He, Tesla, and members of its board are accused of violating their obligations by giving Musk share options with a maximum value of about $56 billion. Only a few weeks have passed since the 51-year-old took over Twitter, adding it to an ever-growing list of companies that he is at least nominally in charge of, including Tesla, SpaceX, Neuralink, and The Boring Company. Tesla shareholders concerned around Musks availability Musk's expanding portfolio, according to the attorneys representing the Tesla investors who filed the complaint, means he is too busy to serve as the automaker's chief executive on a full-time basis, let alone one deserving of a salary that "dwarfs the pay package of any other public company CEO." The case was started before Musk's $44 billion purchase of Twitter. However, the case will be keenly followed by firms all over the US, who are concerned that a victory for Tesla shareholders may spark a wave of similar lawsuits in Delaware, where the majority of the nation's public corporations are incorporated. Legal fight over Elon Musk’s $56bn Tesla pay deal heads to court https://t.co/ruh3wuXRhS — Financial Times (@FT) November 14, 2022 US stock market rally U.S. stocks just experienced their greatest week since June, and whether Wall Street can continue its winning streak in the coming days will likely depend on news from the retail industry. Investor optimism that a monetary policy shift is imminent was revived by statistics on lower inflation, but important earnings from retailers and the government's October report on the industry may put that optimism to the test. The major averages had significant gains as a result of bets that Federal Reserve officials would dial back on interest rate increases after the Consumer Price Index (CPI) for October indicated slowing inflation last month. The Dow Jones Industrial Average increased 4.2%, while the S&P 500 gained 5.9% for the week, its highest five-day performance since the week ending June 24. With a gain of 8.1%, the Nasdaq Composite experienced its best week since March. Stock market rally meets retail sales and retail earnings: What to know this week https://t.co/FbBltmPj4j by @alexandraandnyc — Yahoo Finance (@YahooFinance) November 14, 2022 Sources: finance.yahoo.com, ft.com, investing.com, twitter.com
Australia Is Expected To Produce A Bumper Year Of Crops

Platinum futures touching 4-month highs, US Gasoline Prices High, Wheat shortage concerns driving futures prices

Rebecca Duthie Rebecca Duthie 10.11.2022 18:57
Summary: Platinum futures increased to their highest level in 4 months. Projections for global wheat supply and ending stocks for the 2022 marketing year have climbed. The West Coast's limited gasoline supply would keep gas prices high. Platinum futures supported by a weaker US dollar Platinum futures increased to their highest level in four months at $965 per ounce as the dollar declined more than 4% since reaching 20-year highs at the end of September, enhancing the attraction of commodities with dollar prices. Although demand has decreased due to slower economic growth, higher interest rates, and a persistent semiconductor shortage that has hurt auto production, the price of platinum is still down more than 15% from its March peak. The platinum market should be in surplus both this year and the following year, according to analysts who predicted supply-demand balances. However, the rise of China's energy sector and the country's robust industrial demand continue to drive up prices for the commodity. Platinum Futures Price Chart Wheat futures Chicago wheat futures reached a two-month low in November before rising to levels seen before Russia's invasion of Ukraine as hopes of a plentiful supply allayed concerns about a shortage. Projections for global supply and ending stocks for the 2022 marketing year have climbed, contrary to forecasts of a fall, according to data from the USDA's WASDE report, as stronger output in Australia and Kazakhstan offset expected declines in Argentina and the EU. Russia's commitment to resume the UN-mediated arrangement, which ensures a safe passage for ships delivering Ukrainian grain after demands have been met by Ukrainian officials, was another factor supporting supplies. The action was taken after Moscow abruptly chose to halt the deal at the end of October, citing Kyiv's denials of any security concerns. Investors are currently anticipating the UN-Russia delegation meeting to talk about extending the pact, as the present agreement expires on November 19. Wheat Futures Price Chart US gasoline has been rising Following a fire on Tuesday night at Chevron Corp.'s El Segundo, California, refinery, California gasoline increased to $1.07 per gallon over NYMEX December gasoline in the Los Angeles wholesale market, according to West Coast market traders. Due to a refinery in northern California losing power and planned maintenance at another plant in southern California, gasoline in the Los Angeles market has been trending upward for the previous two weeks and last traded at 96.5 cents on Tuesday. The West Coast's limited gasoline supply would keep prices high, according to traders. RBOB Gasoline Price Chart Sources: finance.yahoo.com, tradingeconomics.com
German Business Confidence Dips, ECB's Lagarde Hosts Central Banking Conference in Portugal, EUR/USD Drifts Higher

US dollar index touching new monthly lows, pound sterling is reacting well to increase in market sentiment

Rebecca Duthie Rebecca Duthie 10.11.2022 18:54
Summary: Prices in DXY are currently driving down to new monthly lows. The British pound is responding to an overall increase in risk sentiment. The New Zealand Dollar is proving to be an apparent bet for a Chinese economic resurgence. USD feeling the effect of the CPI inflation data release The market is reflecting mixed signals for this currency pair. Prices in DXY are currently driving down to new monthly lows after posing a support rebound yesterday. Along the way, they are passing a significant area of confluent support. Sellers have struck. The daily candle for today will be crucial because it is presently forming a bearish engulfing pattern. And if that holds true, with price closing below those supports, then bearish continuation possibilities will still be possible. The daily bar close today will be crucial because, at this point, we're still feeling the effects of the CPI print, and how market players react today will reveal how they'll assimilate this new information. As market investors altered their expectations for higher policy rates, as shown by increased sovereign debt yields in the euro area, euro assets remained volatile across the review period. Since then, rates have somewhat decreased as the economic implications of aggressive tightening start to accumulate and systemic risk originating in the UK has largely been isolated as a result of the Bank of England's retaliatory actions and UK government policy reversals. EUR/USD Price Chart GBP supported by positive investor sentiment The market is reflecting bearish signals for this currency pair. The British pound is responding to an overall increase in risk sentiment, so Thursday's moves will likely be influenced by how the global equity markets perform, which are now suffering losses after a series of occurrences midweek. After suffering significant losses the day before, market morale has since improved, and the value of the pound is rising at the start of the day. In sync with the upbeat investor sentiment evident in global equities markets on Monday, the pound rose. However, these gains were erased on Wednesday amid a wider market selloff focused on China and disruptions in the cryptocurrency area. EUR/GBP Price Chart Chinese economic resurgence allows NZD to be an apparent bet Markets are adjusting to the possibility that China won't abandon its zero-Covid policy until the spring, which will result in a change in fortunes for the New Zealand Dollar and other like "commodity currencies." Analysts caution that the recent enthusiasm seen over the previous ten days is unwarranted and that the Chinese economy's reopening is likely to be a gradual and rocky process. Nevertheless, the New Zealand Dollar is proving to be an apparent bet for a Chinese economic resurgence. GBP/NZD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
The US Dollar Index Is Producing A Reasonable Bullish Divergence

US core and headline inflation data missed market expectations in both the YoY and MoM figures

Rebecca Duthie Rebecca Duthie 10.11.2022 14:42
Summary: The CPI inflation data missed market expectations for October. Initial market reaction in the wake of the release of the data. US CPI data missed market expectations Since the Dollar is struggling to maintain rallies, a significant positive surprise from Thursday's inflation data is necessary for the bulls to retake the lead. Markets anticipated an increase of 0.6% month-over-month for October, bringing the year-over-year gain to 8.0%, slightly less than September's 8.2%, when the U.S. inflation data was revealed at 13:30 GMT. It is anticipated that the crucial core inflation number would come in at 0.5% month over month and 6.5% year over year.   Because the actual number did not match the estimates for both the headline and core inflation rates which are the Fed's preferred measure—however, excludes food and energy—were expected to be lower but still high. Anything above 8% and 6.5%, however, might reverse the recent USD slump and keep the Fed on the hawkish side of things. Since the FOMC meeting last week, the peak rates for the Fed in 2023 have decreased, moving from 5.1% to a level closer to 5%. US CPI inflation MoM came in at 0.3%, missing market expectations and the YoY figure came in at 6.3%, also missing market expectations. This could mean that the halt in the US dollar rally may extend further. The markets reaction to the release of the CPI data The mechanics for the Dollar are straightforward: a beat would have been consistent with a rise as investors are compelled to plan for future interest rate increases from the U.S. Federal Reserve. A negative surprise was expected given the weaker dollar and the idea that "peak rates" have finally been reached. The size of the variance is crucial since it determines how responsive currency markets are. The initial market reaction saw the EUR/USD currency pair strengthened as well as with the GBP/USD pair, S&P 500 dropped and the USD/JPY weakened in the wake of the release of this data. Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Franc Records 11th Consecutive Daily Decline Against the Dollar as US Economic Concerns Mount

US CPI inflation anticipation weighing on US stocks, Twitter verification subscription rollout, EU commission published reform suggestions

Rebecca Duthie Rebecca Duthie 10.11.2022 13:30
Summary: Ahead of U.S. inflation data stock markets inched lower on Thursday. The new Twitter Blue has come after a false start over the weekend. The European Commission published its suggestions for reforms on Wednesday. US Dollar held onto overnight gains on Thursday Ahead of U.S. inflation data that could affect the Federal Reserve's rate plans, stock markets inched lower on Thursday but the dollar held onto overnight gains. Investors were alarmed by the potential collapse of a major cryptocurrency exchange. The Fed has quickly raised rates this year in response to sky-high inflation, which has strengthened the dollar and led to U.S. Treasuries and stocks will drop significantly globally. However, earlier this week, optimism that the Fed might be reaching the end of this process helped the STOXX benchmark to a two-month high. release of Americans As investors attempt to position themselves based on when and at what level they believe U.S. interest rates will peak, the CPI data, which is due at 1330 GMT, is the primary event of the day for markets. "Everyone is focused on that and how that will affect the pricing for not only the December Fed meeting but also the peak policy rate pricing." The Fed has quickly raised rates this year in response to sky-high inflation, which has strengthened the dollar and led to U.S. Treasuries and stocks will drop significantly globally. However, earlier this week, optimism that the Fed might be reaching the end of this process helped the STOXX benchmark to a two-month high. release of Americans As investors attempt to position themselves based on when and at what level they believe U.S. interest rates will peak, the CPI data, which is due at 1330 GMT, is the primary event of the day for markets. *GLOBAL STOCKS MOSTLY LOWER AHEAD OF KEY U.S. CPI INFLATION, CRYPTO WORRIES MOUNT - https://t.co/I1tx9LN6S0 pic.twitter.com/XQHvamDLNX — Investing.com (@Investingcom) November 10, 2022 Twitter verification subscriptions The new Twitter Blue has come after a false start over the weekend. The program, which costs $8 per month in the US, gives users access to fast account verification and a blue checkmark that appears next to their tweets and on their profile page. The subscription was not made accessible for Android as of the time this article was being written. It's also unknown when Twitter Blue will launch in regions other than those where it presently operates as of right now. Notably, the membership prompt identifies the $8 monthly pricing as a "limited-time offer" and lists the ability to see half as many advertising and post longer videos as additional bonuses that haven't yet been made accessible but were promised by Twitter owner and CEO Elon Musk. Since completing his takeover of the business over two weeks ago, Musk has promoted paid account verification as a strategy for making Twitter financially sustainable and boosting platform trust. However, many were quick to point out the service was likely to have the opposite effect since practically anyone could pay for verification and then theoretically change their account name to mimic another user when it briefly started rolling out the new Twitter Blue on Saturday. Musk warned users who were impersonating others would need to expressly identify they were running a parody account or face a permanent ban after a few verified "blue-check" users modified their accounts to impersonate Musk. Twitter’s $8 a month Blue subscription with verification has started rolling out https://t.co/R5lJ3r73nx via @engadget — Yahoo Finance (@YahooFinance) November 10, 2022 EU reform suggestions Finally, it is moving once more. The European Commission published its suggestions for reforms on Wednesday, marking a major milestone in the quest to modify the EU's ill-fitting budget rules. The main goal is to accept the unavoidable: that laws must be more straightforward, flexible, and connected to more reliable rewards and penalties that advance rather than obstruct common policy goals like more investment. All of this reflects the mental evolution now taking place in national capitals. Briefly stated, Brussels wants to maintain the Treaty-based references to deficit and debt limits of 3 and 60% of GDP, respectively, but negotiates individual multiyear budget plans that can last up to seven years when combined with agreed investments and reforms. These plans can be as long as four years. The EU begins to grasp its fiscal nettle https://t.co/Mb88QFhyVv | opinion — Financial Times (@FT) November 10, 2022 Sources: twitter.com, ft.com, finance.yahoo.com, investing.com
Securing Battery Metal Supply Chains: Challenges and Opportunities Amid the Global Energy Transition

WTI crude oil down 2%, palladium touching 5 month lows, coffee touching 15 month lows

Rebecca Duthie Rebecca Duthie 09.11.2022 17:00
Summary: WTI crude continued their third session of losses. Despite the price increase and supply chain disruptions, demand for palladium has not yet returned to its pre-pandemic levels. The price of Arabica coffee futures dropped to its lowest level in 15 months as supply prospects improved. WTI Crude Oil down amidst concerns of a worldwide recession On Wednesday, WTI oil futures lost approximately 2% of their value and traded near the $87 per barrel level, continuing their third session of losses due to ongoing concerns over a worldwide recession-driven decline in demand. Renewed COVID- Hopes for a gradual economic reopening and a comeback in energy consumption were dashed by 19 outbreaks in China, the world's largest oil importer, which raised fears of potential new lockdowns. Fears that an aggressive tightening campaign by major central banks in developed economies could pull the world into a recession and reduce oil consumption were exacerbated by uncertainty about China's outlook. Additionally, according to API statistics, US oil stockpiles increased by nearly 5.6 million barrels last week, above forecasts for an increase of 1.1 million barrels. Even still, supplies around the world are still exceedingly scarce since OPEC+ cut production in November by 2 million barrels per day, and because the European Union is set to impose a ban on Russian oil in December. WTI Crude Futures Price Chart Palladium touches 5-month lows Palladium futures continued to decline, reaching a low of $1,820 per ounce, the lowest level in nearly five months, as the dollar index dipped back toward 20-year highs due to the possibility of further increases in interest rates, which damaged commodities. Prices for palladium are more than 40% lower than they were in March, since palladium is being replaced by platinum and interest rates are rising. In order to combat inflation even during a slowdown, the Federal Reserve, the most powerful central bank in the world, is projected to keep raising interest rates. Furthermore, despite the price increase and supply chain disruptions, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet returned to its pre-pandemic levels. The palladium market is projected to be balanced or in deficit this year and next year, according to analysts who predict supply-demand balances. Palladium Futures Price Chart Coffee touching 15 month lows The price of Arabica coffee futures dropped to its lowest level in 15 months as supply prospects improved and demand projections were expected to decline. World Weather reported that Brazil's 2023–24 coffee crop had grown in a "very excellent climate" due to frequent rain and plenty of sunshine, sparking hopes for a potential record production in the top producer Brazil the following year. Additionally, Colombia, Mexico, and Central America are predicted to produce better crops. Demand is expected to decrease at the same time that global growth slows. Even yet, according to the most recent statistics, ICE-certified arabica stocks hit a new low of 384,795 bags, which is a 23-year low, although traders predicted that stocks would soon rebound. Coffee Mar ‘23 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
UK recession could deteriorate with tighter monetary and fiscal policy, the US dollar suffered another setback

UK recession could deteriorate with tighter monetary and fiscal policy, the US dollar suffered another setback

Rebecca Duthie Rebecca Duthie 09.11.2022 17:00
Summary: Experts foresee more short-term weakness for the Canadian Dollar against the Pound The bullish trend in the USD suffered yet another setback on Tuesday. The UK recession will deteriorate with tighter monetary and fiscal policy. Euro recovery may be strong The market is reflecting bullish signals for this currency pair. After a support bounce failed, the bullish trend in the USD suffered yet another setback yesterday. The currency was driven lower by sellers to make a new monthly bottom, but support quickly appeared around the same level that had been in play a few weeks before and served as a target for a double top formation at 109.62. There are a number of levels close below that swing as well, which may allow for a support bounce before the release of the CPI data tomorrow. From some perspectives, the major question is whether a stronger recovery can be seen in the Euro. Over the past nine months, the euro has been battered and bruised, but as of my initial inspection in October, the pain was beginning to subside and a deeper downturn was beginning. EUR/USD Price Chart GBP down against its peers The market is reflecting bullish signals for this currency pair. The UK recession will deteriorate with tighter monetary and fiscal policy, according to Derek Halpenny, Head of Research Global Markets for EMEA at MUFG. The recent Bank of England policy update has strengthened the foreign exchange strategists' belief in this trade, according to a new note. They are selling pound sterling against the euro. On Thursday, November 3, the Bank of England raised interest rates by 75 basis points, but warned that if it followed market expectations and pushed through even more increases, the UK economy would enter a recession that would last eight quarters. As a result, the Pound dropped against all of its peers. The market interpreted this as a message from the Bank that it would not hike rates as much as anticipated going into the policy update, which caused expectations to be reassessed and caused the Pound to fall on the day. EUR/GBP Price Chart CAD weakness foreseen National Bank of Canada (NBC) experts foresee more short-term weakness for the Canadian Dollar against the Pound, Dollar, and Euro but a robust recovery through 2023. Up until the second half of the year, when oil prices began to decline from their post-invasion levels and the Bank of Canada slowed down its rate-hiking acceleration, the Canadian Dollar was one of the best-performing currencies in 2022. GBP/CAD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
"Global Steel Output Rises as Chinese Production Surges, Copper Market Remains in Deficit

Meta lays off around 13% of its employees, a major shift in the markets in the wake of US midterm elections is not expected

Rebecca Duthie Rebecca Duthie 09.11.2022 16:22
Summary: In the most drastic layoff in company history, Meta has fired almost 11,000 workers. No major market shifts are expected in the wake of US midterm elections. Germany should think about raising taxes on the wealthiest citizens. Meta implemented its most drastic layoff in its history In the most drastic layoff in company history, Meta has fired almost 11,000 workers, cutting its employment by around 13% as it fights declining revenue and escalating competition. Employees were notified of the layoffs through email on Wednesday morning by CEO Mark Zuckerberg. “I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted,” he added. Current economic climate weighing on tech companies In a climate of economic slump and greater competition, Zuckerberg claimed that revenue growth experienced during the epidemic had not been sustained, advertising performance was down, and e-commerce had decreased. There is no cap on the 16 weeks of basic salary and two additional weeks of compensation that US employees will receive as part of their severance package. The email also stated that overseas employees' packages would be comparable and would be announced soon. Except for email, affected employees' access to Meta systems will be terminated on Wednesday "so everyone can say farewell," according to Zuckerberg. On Wednesday, Meta stock increased 3% in pre-market trading. Reducing budgets and personnel benefits are two further cost-saving strategies, it was said. The company's "real estate footprint" will "shrink," presumably resulting in the closure of a few offices. The majority of the remote-working staff will be asked to desk share. In the upcoming months, more improvements, according to Zuckerberg, will be disclosed. *META IS LAYING OFF 11,000 EMPLOYEES, ABOUT 13% OF THEIR WORKFORCE$META pic.twitter.com/Ego722RjCR — Investing.com (@Investingcom) November 9, 2022 US midterm elections are not expected to shift the markets majorly Wall Street experts predict that the markets won't experience a significant shift after the much anticipated completion of the midterm elections. A bullish tilt in the market is justified, according to historical evidence, in the month before the midterm elections. According to data from US Bank, the S&P 500 has historically outpaced the market in the twelve months following a midterm election, returning an average of 16.3%. Particularly for the one and three months following midterm elections, this outperformance is present. However, investing experts may be right to be ready for a post-election hangover in the stock market given that the economy is still coping with high levels of inflation and an unfriendly Federal Reserve rising interest rates. "You've got to think about some of these big challenges that we have," Roland explained. "The economy is clearly decelerating right now. We're contending with inflation. I think the inflation data that we get on Thursday is probably much more important than the political backdrop right now. So we want to be careful about sort of overplaying politics and making cross-asset decisions right now." Why the stock market may see minimal impact from the midterm elections https://t.co/hK6PJvE86V by @BrianSozzi $DJI $GSPC $IXIC — Yahoo Finance (@YahooFinance) November 9, 2022 Germany suggested to raise taxes on wealthy citizens As part of its €200 billion plan to restrict gas and electricity prices, Germany should think about raising taxes on the wealthiest citizens, a committee of top economic advisers to the government said on Wednesday. One of the five members of Germany's council of economic experts, Ulrike Malmendier, stated that the nation should "look at the more uncomfortable side" of how to finance its energy assistance program because it cannot simply benefit the most vulnerable. She stated that the council had proposed three solutions to this problem, including hiking the top tax rate, enacting a "solidarity fee" on high earnings, or delaying the government's plan to lower tax rates to protect households from skyrocketing inflation. The council's suggestions on tax policy are likely to spark a heated discussion inside the ruling coalition, which has eight weeks to issue a formal response. Germany should raise taxes on rich to fund €200bn energy plan, advisers say https://t.co/aMx9wS0EEP — Financial Times (@FT) November 9, 2022 Sources: finance.yahoo.com, ft.com, twitter.com
Apple Stock Price, Microsoft, Amazon And Tesla (TSLA) Added A Lot Since July! How Deep Could EUR/USD Drop?

Telsa (TSLA) stock price has tanked 12% since Musk took control of Twitter (TWTR) on October 27

Rebecca Duthie Rebecca Duthie 08.11.2022 18:59
Summary: Twitter does not make money like Tesla. The serial entrepreneur made an effort to reassure Tesla's supporters and investors . Investor confidence in Musk is lacking The maker of high-end electric vehicles appears to be going through a similar experience to that of an orphaned kid or a beloved who has fallen from grace. Elon Musk, the company's dynamic and forward-thinking co-founder and CEO, appears to have lost interest in it. Put the blame on Twitter (TWTR), which needs a lot of attention due to its enormous influence on public and political life. While Twitter does not make money like Tesla, it is nonetheless seen as our generation's equivalent of the town square, where trend-setters and opinion leaders congregate. Twitter sets the daily political agenda and the conversational subjects that eventually predominate in mainstream media coverage. Responsibility also comes with this authority. You are responsible for the content management policy, which requires constant vigilance. Any error in the content that is put on the platform has the potential to spark controversy, which can be difficult and time-consuming to resolve. Musk paid too much for Twitter—$44 billion. As part of the leveraged buyout, the billionaire owes around $13 billion in debt, which is secured by his remaining Tesla stock. He has been looking for ways to make money for the social network since he took control on October 27. But as Musk becomes more active on Twitter, Tesla's stock price declines. At the Baron Investment Conference on November 4, the billionaire claimed that since he bought Twitter, his workload had increased from "78 hours a week to perhaps 120." The serial entrepreneur made an effort to reassure Tesla's supporters and investors by claiming that he was still actively involved in the company's management. The message didn't reassure anyone. Since that time, Wall Street has seen a continuous decline in the price of Tesla stock. Tesla shares dropped to $196.66 at the close of trade on November 7—their lowest price in 52 weeks. Since Musk sealed the Twitter agreement on October 27, Tesla stock has fallen 12.4%. Tesla shares have lost a total of 41.2% of their value, or $197.08, since Musk revealed his offer on April 25. This results in a market value decline of about $436 billion. The holding company of renowned investor Warren Buffett, Berkshire Hathaway (BRK.A), surpassed Tesla on November 7 to become the sixth-largest corporation in the world by market capitalization. TSLA Price Chart Sources: finance.yahoo.com, thestreet.com
Commodities Update: Strong Russian Oil Flows to China and Volatility in European Gas Market

Gold reaches 1-month highs on Tuesday, US NGAS futures list 10% on Tuesday, cotton futures

Rebecca Duthie Rebecca Duthie 08.11.2022 18:18
Summary: The US dollar fell and worrying US economic confidence statistics. NGAS down from 3-week highs. A significant selloff that had driven cotton futures to a nearly 22-month low. Gold prices supported by concerning US economic statistics Gold prices rose to above $1,700 on Tuesday, the highest level in more than a month, as the US dollar fell and worrying US economic confidence statistics made the argument for the Federal Reserve to drop its target interest rate. Investors eagerly anticipate this week's release of the October CPI report in the hopes that it will support the recent decline in inflation and lessen pressure on the Federal Reserve to keep depressing demand. Higher interest rates increase the opportunity cost of storing non-yielding bullion, which reduces the appeal of gold, despite the fact that it is commonly seen as a hedge against inflation and economic uncertainty. Investors in other markets kept an eye out for China's policy cues to see if it was considering easing up on its zero-Covid policy. Gold Dec ‘22 Futures Price Chart NGAS down from 3-week high US natural gas futures had a 10% decline on Tuesday, falling from a 3-week high of nearly $7 set the previous day to $6.4/MMBtu. The demand projection for the upcoming week was also revised downward due to warmer weather. The average US gas demand, including exports, is anticipated to increase to 121.2 bcfd from 98.4 bcfd this week, falling short of earlier projections. Increasing LNG exports and declining output have recently bolstered prices. After Berkshire Hathaway Energy's Cove Point LNG plant resumed operations on October 28th, the Texas-based Freeport LNG export facility, which has been idle since June, is expected to start up again by the middle of the month. So far in November, the Lower 48 US states' average gas production has decreased to 98.4 bcfd. NGAS Dec ‘22 Futures Price Chart Cotton prices 50% down from May peak As dip buyers started to show up, a significant selloff that had driven cotton futures to a nearly 22-month low of 71.6 last month was tempered. Cotton futures are now moving towards the 80 USd/Lb level. Nevertheless, prices remained almost 50% below their May peak, restrained by a stronger currency and persistent worries about demand brought on by the difficult economic climate. According to the most recent estimate from the US Department of Agriculture, both acreage and yield grew, and worldwide cotton production is predicted to reach 118.1 million bales in 2022–2023—an increase of 2% over the previous year. India, Brazil, and China are mostly responsible for the increased output, which counterbalanced decreases from the United States and Pakistan. Cotton Marc ‘23 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com  
GBP: BoE Stands Firm on Bank Rate and Mortgage Interest Relief, EUR/GBP Drifts Lower

US Dollar rally seems to be coming to an end, GBP rebounded on Monday

Rebecca Duthie Rebecca Duthie 08.11.2022 18:18
Summary: Many ECB policymakers have reiterated the central bank's stance on interest rates and inflation. The British Pound is weaker on Tuesday after making a good rebound on Monday. ECB remaining hawkish The market is reflecting bullish signals for this currency pair. Many ECB policymakers have reiterated the central bank's stance on interest rates and inflation, contending that higher rates must be maintained for a longer period of time in order to contain double-digit price pressures. The financial wires are awash in hawkish ECB language in what appears to be a coordinated effort to reassert the central bank's authority and will on the rates market. At the end of October, the ECB raised interest rates by 75 basis points to 1.50%, its third straight increase and the highest level since 2009. At its meeting on December 15, the central bank is anticipated to increase rates by an additional 50 basis points. The US dollar is under pressure as speculators start to look past rising US rate predictions and instead focus on when the Fed may pause its tightening cycle, while the Euro has benefited from expectations of higher rates. The fact that the markets are already anticipating a turnaround, even though this may be months away, is putting pressure on the dollar. EUR/USD Price Chart GBP supported by general market uptrend The market is expecting bullish signals for this currency pair. The British Pound is weaker on Tuesday after making a good rebound on Monday, and price movement suggests that the UK currency is following global trends during a week with few domestic events. Analysts note that the UK's domestic situation is still difficult and that any gains are likely to be fleeting. Despite this, the Pound had the best performance among the major currencies on Monday as global markets continued their recent uptrend, helping the UK currency to somewhat recoup its losses following last Thursday's Bank of England report. The Pound's recovery may continue over the next several days if the mood music is generally cheerful. GBP/USD Price Chart US dollar is believed to be nearing the end of its uptrend The market is expecting bullish signals for this currency pair. Capital Economics experts believe that the Dollar may be nearing the end of a multi-month uptrend, but they caution that it is still too early to start preparing for a rollover and trend change. The Federal Reserve is reaching the conclusion of its tightening cycle, according to analysis by the independent financial and economics research source, and as a result, there is little room for a further widening of predicted interest rate differentials in favor of the Dollar. The war in Ukraine, anticipation of Fed interest rate increases, and a post-pandemic decline in equity markets have all worked together to strengthen the Dollar. GBP/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Apple May Surprise Investors. Analysts Advise Caution

US stocks supported by the upcoming midterm elections, EU gas price cap agreement is under threat, APPL stock price

Rebecca Duthie Rebecca Duthie 08.11.2022 13:10
Summary: A divided Congress may be viewed as "broadly neutral to moderately positive" for equities. The EU announced a pact to lower energy prices, which is now starting to fall apart two weeks later. China's zero-COVID policy may harm Apple in the short run. Some analysts described the markets as “risk-on” On Tuesday, European equities struggled to advance, and the dollar strengthened as traders gave up on expectations that China will relax its zero-COVID policy and exercise prudence in advance of the U.S. midterm elections. Some analysts have ascribed the markets' "risk-on" tone at the beginning of the week to China's potential relaxation of its stringent COVID-19 lockdown regulations. Some investors' expectations that the U.S. Federal Reserve may adopt a more dovish tone that has also helped the markets. Investor attention was centered on the upcoming midterm elections in the United States, where the fate of the House of Representatives is on the line. Nonpartisan analysts predict the Republicans will gain a majority in the house, giving them the power to veto President Joe Biden's legislative program. Finding out the outcome of a vote could take days. Analysts typically consider a divided government to be a more market-friendly scenario. Options market analysts predicted that a Democratic upset victory may result in a downturn in the market. According to Tom Caddick of Nedgroup Investments, a divided Congress may be viewed as "broadly neutral to moderately positive" for equities because it would show that major legislative changes are unlikely to occur in the future. *U.S. STOCK FUTURES TICK HIGHER WITH ALL EYES ON MIDTERM ELECTIONS - https://t.co/36oDXQP2wg 🇺🇸 🇺🇸 pic.twitter.com/b0mBV9j6bs — Investing.com (@Investingcom) November 8, 2022 EU gas price cap agreement under threat Today's meeting of the EU financial ministers comes after Paolo Gentiloni, the commissioner for economics, confirmed for the first time that the union will experience a recession this winter and called for steps to make it as brief as possible. On Friday, the European Commission releases its forecasts. After a late-night session, the EU announced a pact to lower energy prices, which is now starting to fall apart two weeks later. Countries that want a cap on gas import prices are holding out against other proposals, such cooperative procurement of supply, until the European Commission provides more information regarding the cap. They are concerned that the commission's free market bureaucrats will reject the notion and fail to produce a workable price cap solution. Germany, on the other hand, is likely to veto any proposals made by Brussels because it thinks that traders would move their gas business abroad if the EU set a maximum price. The creation of a price cap, according to member states opposed to it, should be subject to eight severe requirements listed in the initial commission plan, including that it not jeopardize supply security, not increase consumption, and not have an impact on intra-EU gas flows. EU gas price cap ‘agreement’ starts unravelling https://t.co/SHwzoNLOym — Financial Times (@FT) November 8, 2022 Apple stock price under pressure from COVID-19 lockdowns in China At what is perhaps the worst possible time, COVID lockdowns at Apple's (AAPL) primary iPhone 14 Pro and iPhone 14 Pro Max factory in Zhengzhou, China, are affecting the corporation. Holiday shopping for new iPhones, Apple Watches, and iPads for friends, family, and self makes this the busiest time of year for Apple. Apple may not have enough iPhones on hand to meet demand this year as a result of the lockdowns at the Zhengzhou facility, which could have a big negative effect on the business's bottom line. Although China's zero-COVID policy may harm Apple in the short run, analysts do not believe that it poses a long-term danger to the company. Customers still desire iPhones, after all, regardless of when they can get them. However, as the firm expands its product lines and may even enter the AR/VR market with its own headset in the long run, Apple's production issues will probably be nothing more than a passing blip. Apple stock: China's Covid lockdowns an 'absolute gut punch': Analyst https://t.co/wT1h3tvPvW by @DanielHowley pic.twitter.com/pOE1FAWqaM — Yahoo Finance (@YahooFinance) November 8, 2022 Sources: ft.com, finance.yahoo.com, investing.com, twitter.com
A Significant Change In The Prospects For The Crude Oil Market

Silver falls from its one-month high, Brent Crude facing both weak demand and weak supply outlooks, Corn futures

Rebecca Duthie Rebecca Duthie 07.11.2022 17:56
Summary: After rising 7% to a one-month high on Friday, silver dropped down again. Investors weighed limited supply against a dim demand picture. Chicago corn futures declined at the beginning of November. Silver jewelry demand under pressure After rising 7% to a one-month high on Friday, silver dropped down around $20.5 per ounce on Monday. China denied it was considering modifying its zero-Covid policy, which is putting pressure on the demand for silver jewelry. Since more than two years ago, COVID-related limitations have put pressure on sales of silver jewelry in China, a major customer, while a slump in the world economy is lowering demand for electronics and cars. Since its March peak, silver has fallen more than 20% as a result of rising interest rates everywhere. The US Federal Reserve, the most powerful central bank in the world, increased rates for the fourth consecutive time by 75 basis points, and borrowing will continue to rise to a higher peak than expected. Looking ahead, it seems likely that China's economy won't be able to make up for the tightening of global financial conditions even if it is reopened. If the Federal Reserve acts more aggressively than expected, silver's decline will be more apparent. Silver Dec ‘22 Futures Price Chart Brent Crude Oil futures On Monday, the price of Brent oil futures was hovering around $99 per barrel, reaching levels last seen in late August as investors weighed limited supply against a dim demand picture. In addition, a declining dollar and increased risk appetite also encouraged bulls. With anticipation growing that the oil cartel could further interfere in markets to support prices, OPEC+ just agreed to cut output by 2 million barrels per day in November, the highest since the epidemic. But worries about a probable demand slump brought on by the recession persisted. Over the weekend, Chinese authorities reaffirmed their dedication to the zero-Covid strategy, dimming hopes for a policy change that may boost demand in the world's largest crude importer. Brent Crude Futures ORice Chart Corn futures Chicago corn futures declined at the beginning of November, following the trend for other grains, after Russia declared it would rejoin the UN-mediated agreement that ensures the security of grain exports leaving Ukrainian Black Sea ports. Moscow's decision to withdraw from the deal at the end of October over security considerations was overturned by the action, allaying concerns about a worldwide food crisis. Along with impeding sales, the suspension of port operations would have prevented Ukraine from clearing out significant amounts of silo storage when the harvest for the 2022–2023 marketing year got under way. The USDA reported that 264 thousand tonnes of corn were shipped for the week ending October 20th, far less than the 350 thousand to 1.075 million tonnes of estimates. Corn Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
Construction Activity in Poland Contracts in May: Focus on Building Decline and Infrastructure Investment

The US dollar index decreased on Monday, BoE November interest rate decision caused significant losses for the GBP

Rebecca Duthie Rebecca Duthie 07.11.2022 17:48
Summary: The US data released on Friday was mostly encouraging as job growth exceeded expectations. Friday's release of UK GDP statistics, it might go even further and return to lows from early October. EU economy produced 0.2% growth The market is reflecting bullish signals for this currency pair. In Q3, the EU economy demonstrated that it could produce growth of 0.2% Q/Q. The tiny gain in Q3 depicts the same larger picture, which is that growth has slowed and a recession is still in effect, despite the fact that it appears to be rather hopeful. One of the key indications from a nationwide survey demonstrates how manufacturing has been under tremendous strain as a result of the crisis of rising energy prices. The US data released on Friday was mostly encouraging as job growth exceeded expectations. The decrease in the dollar index, which has persisted into today's European session, was not justified by the minor increase in unemployment statistics. The market's forecast of a 50 bp increase from the Federal Reserve's December meeting is the only thing that has changed. EUR/USD Price Chart BoE November interest rate decision resulted in losses for the GBP The market is reflecting mixed signals for this currency pair. The Bank of England (BoE) interest rate decision in November resulted in significant losses for the Pound to Euro exchange rate, but if the market is still wary of Sterling going into Friday's release of UK GDP statistics, it might go even further and return to lows from early October. After the BoE stated, based on its most recent forecasts, that it believes it has likely already done enough with interest rates to ensure that inflation returns to the 2% target in the coming years, sterling suffered significant losses against most major currencies last week and fell almost 2% against the Euro. In an open conflict with market bets that borrowing costs could climb to 4.7% or more in the coming months, the BoE additionally stated that investors would be foolish to anticipate Bank Rate to rise from November's recently boosted level of 3%. EUR/GBP Price Chart AUD is weaker on monday The Australian Dollar is weaker at the beginning of a new week that may focus on events in China, where officials are showing a willingness to fight rumors that they are likely to reevaluate their zero-Covid policy. The National Health Commission (NHC) of China reaffirmed its commitment to eradicating Covid-19 during a news conference on Saturday, cautioning that the situation was likely to worsen and become "more complex" as the nation entered the winter flu season. The Australian lagged behind. The GBP/AUD currency rate experienced its biggest weekly decrease since the week of February 28 as investors bet on a Chinese economic revival, falling 2.83% for the week. GBP/AUD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
The US Dollar (USD) And The US Dollar To Chinese Yuan (USD/CNH) Pair Show An Upward Move

Facebook’s plan for large scale layoffs, the US dollar rally halted on Monday, Corporate America under investigation

Rebecca Duthie Rebecca Duthie 07.11.2022 13:38
Summary: Meta plans to start mass layoffs this week that will affect thousands of employees. The pound and euro increased as a result of the dollar's decline. After the midterm elections, Republicans have promised to pursue investigations into corporate America. Meta To implement layoffs this week The Wall Street Journal reported on Sunday, citing people familiar with the situation, that Meta Platforms Inc. plans to start mass layoffs this week that will affect thousands of employees. An announcement is expected as early as Wednesday. Meta, the parent company of Facebook (META), predicted in October that a dismal Christmas quarter and much higher costs in 2019 would reduce Meta's stock market value by around $67 billion, adding to the more than half a trillion dollars in value that has already been lost this year. Read next: China's Covid Situation Negatively Affects The Iphone Market| Record Results Of India's SBI| FXMAG.COM The gloomy news comes as Meta struggles to deal with the declining global economy, TikTok's rivalry, Apple's (AAPL) privacy improvements, worries about large spending on the metaverse, and the constant danger of legislation. The social media business had reduced its ambitions to hire engineers by at least 30% in June, and Mark Zuckerberg had advised staff to prepare for a slowdown in the economy. In a previous open letter to Mark Zuckerberg, Meta's shareholder Altimeter Capital Management stated that the company needed to streamline by eliminating positions and capital expenditures. They also stated that investors had lost faith in Meta as a result of its increased spending and pivot to the metaverse. *FACEBOOK PARENT META IS PREPARING LARGE-SCALE LAYOFFS THIS WEEK - https://t.co/ktT04bvkcH $META pic.twitter.com/OEeSsaTsoj — Investing.com (@Investingcom) November 7, 2022 US dollar’s decline Despite Beijing's denial that it would contemplate loosening its zero COVID-19 policy, which had stopped safe-haven dollar flows ahead of this week's potentially crucial consumer inflation data, global stocks moved higher on Monday. However, over the weekend, health officials reaffirmed their commitment to the "dynamic-clearing" approach to COVID cases as soon as they arise. Risk assets had gained on Friday amid rumors China was getting ready to lift its pandemic restrictions. As traders clung to the notion that China will ease some of its restrictions after the government on Monday hinted it will make it easier for individuals to enter and exit the city, an overnight rise in the dollar had faded out by mid-morning in Europe. The pound increased by over 0.8% to $1.1453 as a result of the dollar's decline against other major currencies, and the euro increased by 0.4% to close to parity at $0.99975. Economic events in this week's spotlight The October consumer price index (CPI) will be the biggest macroeconomic risk event this week and might play a significant role in influencing investor expectations for the future direction of Federal Reserve monetary policy. Last week, Fed Chair Jerome Powell dispelled rumors that the central bank may halt the rate of rate increases by asserting that rates would probably stay higher, for a longer period of time. The October employment report, which was released on Friday, revealed considerably greater job growth than anticipated but slower pay growth and an increase in the unemployment rate, suggesting that some of the labor market's tightness may be easing. *U.S. STOCK FUTURES RISE TO START THE WEEK AS INVESTORS LOOK AHEAD TO U.S. CPI, MIDTERM ELECTIONS - https://t.co/lkfZcXR6Xb 🇺🇸 🇺🇸 pic.twitter.com/ZE0YdNisWF — Investing.com (@Investingcom) November 7, 2022 Investigations in corporate America After the midterm elections, Republicans have promised to pursue investigations into the social and environmental policies of big business, so the biggest US companies are preparing for a flood of congressional hearings. After the midterm elections on Tuesday, control of both houses of Congress could go to the Republicans as polls suggest the Democrats are trailing in a number of crucial contests. Republicans would take control of the committees with the authority to subpoena people and records if they gained a majority in the House or Senate. According to people familiar with the situation, attorneys representing financial institutions and technological companies have recently been educating executives on how to respond to a televised grilling from lawmakers. Additionally, with only a few days until the midterm elections, Republican senators—among them Arkansas' Tom Cotton—have written to law firms requesting them to store records pertaining to environmental, social, and governance efforts "in anticipation" of investigations. Corporate America gears up for a new wave of investigations by Congress https://t.co/22IlpMI881 — Financial Times (@FT) November 7, 2022 Sources: ft.com, twitter.com, investing.com
The Commodities Feed: First US crude draw this year

Gold Supported By The Halt In The US Dollar Rally, Brent Crude Futures Increased 4%, Cotton Futures

Rebecca Duthie Rebecca Duthie 04.11.2022 15:46
Summary: Gold prices rose by almost 2% on Friday. The price of Brent crude futures increased by about 4%. Cotton prices remained almost 50% below their May peak. Gold prices rose in the wake of the halt of the US dollar rally On Friday, when the dollar rally came to a halt and investors considered the monetary policy prospects, gold prices rose by almost 2%, approaching $1670 an ounce. The most recent payrolls report demonstrated that the US labor market is still strong, with payroll growth above expectations by 261K, supporting the Fed's decision to continue its tightening measures. Investors also believe that much more tightening won't likely be required, despite the unemployment rate exceeding expectations. The Fed Chair stated that it is "premature to discuss pausing" and that interest rates would need to rise more than initially anticipated as the central bank announced its fourth consecutive 75 basis point rate hike on Wednesday. Gold Futures Price Chart Brent crude futures touching levels not seen since late July The price of Brent crude futures increased by about 4% to above $98 per barrel, a level not seen since late July, as news reports that China would ease its coronavirus-related restrictions in the near future improved the outlook for demand. Additionally, the likelihood that the world's oil markets would continue to be highly tight gave bulls another reason for optimism. There is growing concern that the oil cartel would further intervene in markets to support prices, despite the recent agreement by OPEC+ to reduce output by 2 million barrels per day in November, the largest since the epidemic. Concerns about a projected recession-driven decline in demand brought on by a string of draconian tightening measures from important central banks kept prices in check. The international benchmark increased by about 5% this week, putting it on course to advance for a third straight week. Brent Crude Oil Futures Price Chart Cotton futures 50% lower than late July peak As dip buyers started to show up, a significant selloff that had driven cotton futures to a nearly 22-month low of 71.6 last month was tempered. Cotton futures are now moving towards the 80 USd/Lb level. Nevertheless, prices remained almost 50% below their May peak, restrained by a stronger currency and persistent worries about demand brought on by the difficult economic climate. According to the most recent estimate from the US Department of Agriculture, both acreage and yield grew, and worldwide cotton production is predicted to reach 118.1 million bales in 2022–2023—an increase of 2% over the previous year. India, Brazil, and China are mostly responsible for the increased output, which counterbalanced decreases from the United States and Pakistan. Cotton Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
The Collapse Of The Silicon Valley Bank Weakened The Dollar And USD/JPY But Supported EUR/USD, AUD/USD, And GBP/USD

Dollar lost ground to the Euro & GBP on Friday, US Jobs report missed expectations

Rebecca Duthie Rebecca Duthie 04.11.2022 15:42
Summary: The US Dollar weakens in the wake of the US jobs report. The British Pound may be headed for significant losses this November against the Dollar, the Euro. USD/JPY wedge continues to grow. USD loses ground against the EUR The market is reflecting mixed signals for this currency pair. Following the release of U.S. labor market data that, while still positive, reaffirmed a pattern of decreasing employment gains and pay growth, the Dollar dropped 1% against the Pound and 1.20% against the Euro. In October, the economy added 261K jobs, much exceeding the consensus estimate of 193K, while September's number was impressively raised up to 315K. Overachieving forecasts of 0.3%, average hourly earnings increased by 0.4%, suggesting persistent wage pressures that will support future domestic inflationary pressures. This information supports the Federal Reserve's statement from mid-week that it is too early to think about stopping its rate hike cycle, which raised exchange rates for the Dollar globally. Since the data do not indicate that the themes of previous months are likely to abruptly change, the Dollar's decline could instead be the result of profit-taking after Wednesday's gains. EUR/USD Price Chart BoE predict a UK economic slump The market is reflecting bullish signals for this currency pair. As investors respond to the Bank of England's most recent gloomy economic forecasts, the British Pound may be headed for significant losses this November against the Dollar, the Euro, and a variety of other major currencies. The Bank hinted that the UK economic slump, which it has been anticipating for some time, may now be considerably severe than initially anticipated in its November Monetary Policy Report. EUR/GBP Price Chart The wedge between the USD & JPY The market is reflecting mixed signals for this currency pair. Due to recent currency interventions, USD/JPY has been an interesting pair, with downmoves unable to gather significant organic impetus. However, a dollar bid continues to put the majority of currencies under pressure, making it challenging to dismiss gains as durable given the wider technical context. The rising wedge that had developed over the previous few months indicated that at some point we would either have a breakdown that would lead to an unwinding that would cause USD/JPY to plummet by a significant amount or a shot higher that would conclude the run upward. EUR/GBP Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Analysis And Trips For Trading The GBP/USD Pair In Short And Long Positions

US Unemployment Rate Increased To 3.7%, UK Private Wealth Portfolios, PBoC Trying To Gain Access To Top Internet Companies Data

Rebecca Duthie Rebecca Duthie 04.11.2022 14:54
Summary: In the biggest economy in the world, the jobless rate rose from 3.5% to 3.7% last month. The real worth of UK private wealth portfolios decreased by up to one-third. Beijing is working to tighten its control over the nation's digital sector. US Unemployment rate rises In October, the U.S. economy created 261,000 new jobs, according to Bureau of Labor Statistics data. The carefully watched reading from last Friday was lower than the upwardly revised amount of 315,000 in September but still higher above economists' projections of 200,000. In the biggest economy in the world, the jobless rate rose from 3.5% to 3.7% last month. The number was expected to increase to 3.6%, according to economists. However, a jump in the unemployment rate to 3.7% signaled some easing in labor market conditions, which would allow the Federal Reserve to tilt towards smaller interest rate hikes beginning in December. In October, U.S. firms employed more workers than anticipated. 200,000 jobs were predicted by economists surveyed by Reuters, with estimates ranging from 120,000 to 300,000. After rising 5.0% in September due to the removal of previous year's significant increases from the computation, wages climbed by 4.7% annually in October. Additionally, other pay metrics have cooled off, which is positive for inflation. The Fed impact on Unemployment The Fed announced a fresh 75 basis point increase in interest rates on Wednesday and warned that future increases in borrowing costs will be necessary to combat inflation, but it also hinted that it may be nearing the end of the sharpest tightening of monetary policy in 40 years. Because businesses have been replacing workers who would have gone, job growth has remained strong despite a decline in domestic demand and an increase in borrowing prices. However, with recession threats rising, this practice may soon come to an end. According to a poll released by the Institute for Supply Management on Thursday, some businesses in the services sector "are delaying backfilling available positions" because of the unstable economic climate. ⚠️BREAKING:*U.S. UNEMPLOYMENT RATE RISES TO 3.7% AS ECONOMY ADDS 261,000 JOBS IN OCTOBER 🇺🇸 🇺🇸 pic.twitter.com/Z0fiqgAI5X — Investing.com (@Investingcom) November 4, 2022 UK Private wealth portfolios under pressure In the first nine months of this year, the real worth of UK private wealth portfolios decreased by up to one-third on average as people's purchasing power was hammered by a combination of investment losses, inflation, and a weak pound. According to research by Asset Risk Consultants (ARC), which examined the performance of strategies employed by more than 100 significant UK wealth managers, UK wealth management portfolios lost about 10% on average in the year ending in September, but price increases and the decline in the value of the pound against the US dollar increased the losses. The numbers demonstrate that for UK investors this year, inflation and currency fluctuations have destroyed much more real value than the concrete losses on investment portfolios. Investors, according to Harrison, frequently think of their wealth in terms of a fixed amount and fail to mentally adapt when the purchasing power of their assets changes. The sector responsible for managing the wealth of wealthy families is predicated on the principle of protecting money, therefore the losses will cause wealth managers and their customers to have difficult conversations. UK private wealth portfolios down by up to a third https://t.co/TnUgAX5XGA — Finance News (@ftfinancenews) November 4, 2022 PBoC trying to control digital sector The Chinese central bank is having trouble persuading more than a dozen top internet companies to meet a deadline in December for sharing user data with state-backed credit-scoring firms. Beijing is working to tighten its control over the nation's digital sector and consumer financing, which is why there is a dispute over who should govern access to the internet companies' enormous troves of user data. According to insiders briefed on the negotiations, the People's Bank of China asked Tencent, Meituan, and other significant platforms to provide user data with two state-backed businesses, Baihang and Pudao, by the beginning of next month. This data includes everything from shopping records to travel histories. PBoC struggles to impose personal data regime on China’s tech groups https://t.co/Olv9Tl3iMK — Finance News (@ftfinancenews) November 4, 2022 Sources: ft.com, investing.com, twitter.com
WTI Crude Oil Driven Down By Recession Concerns, Palladium Touching 5-month Lows, Coffee Futures

WTI Crude Oil Driven Down By Recession Concerns, Palladium Touching 5-month Lows, Coffee Futures

Rebecca Duthie Rebecca Duthie 03.11.2022 16:28
Summary: Worries about a likely recession-driven decline in demand for WTI Crude. Dollar index dipped back toward 20-year highs. higher Brazilian real and lower global supplies for coffee. WTI Crude Oil trading low On Thursday, WTI oil futures were trading around $88.50 per barrel, down from a session high of $90.40, as worries about a likely recession-driven decline in demand took precedence. In a decision that was largely anticipated, the Fed increased its benchmark rate by 75 basis points. It did, however, issue a warning that interest rates would rise more than expected, maintaining the pressure on global demand and economy. Losses were however constrained by the likelihood that the global oil market would remain extremely tight. There is growing concern that the oil cartel would further intervene in markets to support prices, despite the recent agreement by OPEC+ to reduce output by 2 million barrels per day in November, the largest since the epidemic. While this was going on, Saudi Arabia warned the US through intelligence that Iran was about to attack Saudi Arabian targets. A battle in the area might cause the world market to lose millions of barrels. WTI Crude Futures Price Chart Palladium touching 5-month lows Palladium futures continued to decline, reaching a low of $1,820 per ounce, the lowest level in nearly five months, as the dollar index dipped back toward 20-year highs due to the possibility of further increases in interest rates, which damaged commodities. Prices for palladium are more than 40% lower than they were in March, since palladium is being replaced by platinum and interest rates are rising. In order to combat inflation even during a slowdown, the Federal Reserve, the most powerful central bank in the world, is projected to keep raising interest rates. Furthermore, despite the price increase and supply chain disruptions, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet returned to its pre-pandemic levels. The palladium market is projected to be balanced or in deficit this year and next year, according to analysts who predict supply-demand balances. Palladium Mar ‘23 Futures Price Chart Coffee futures Due in part to the higher Brazilian real and lower global supplies, Arabica coffee futures on the ICE were trading at or around their best levels since October 25. While the International Coffee Organization reported that worldwide coffee shipments from October through September declined 0.4% year over year to 129 million bags, recent data indicated ICE-certified arabica stockpiles fell to a fresh 23-year low of 384,795 bags. The Minas Gerais region of Brazil, which produces around 30% of the nation's arabica crop, received only 79% of the historical average of 28.9 mm of rain last week, according to the most recent Somar Meteorologia report. Coffee Mar ‘23 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
The GBP/USD Pair Did Not Reach The Nearest Target Level Of 1.2259

USD Continued On Its Strengthening Path (EUR/USD), BoE Hiked Interest Rates By 75bps (EUR/GBP, GBP/AUD)

Rebecca Duthie Rebecca Duthie 03.11.2022 16:28
Summary: The US Dollar continued to strengthen overall on Thursday. Another action by the Bank of England has the Pound taking a beating. Sterling dropped significantly, including against the Australian Dollar. Euro is lacking monetary backing The market is reflecting bearish signals for this currency pair. On Thursday, the US Dollar continued to strengthen overall as a result of the US Federal Reserve's decision to change its monetary policy earlier in the day. This made the Euro continue to struggle against the US Dollar. In terms of interest rates, the markets received the well-predicted three-quarter point hike that was punctually provided. However, there were a lot of people hoping that Fed Chair Jerome Powell would formally reverse his aggressive monetary tightening policy. In the end, he refrained from doing so and instead warned the markets that if inflation is to be contained, borrowing prices may still need to increase significantly. This weakness was forewarned by Christine Lagarde, president of the European Central Bank, that interest rates in the Eurozone must also continue to rise. Well, may she do so, with the currency bloc's consumer price inflation hitting historic highs. The Euro lacks monetary backing in the global market because markets anticipate more of the same. It lacks fundamental support as well, with a cost-of-living issue that is eroding consumer confidence throughout the Eurozone. Of course, Germany is the center of the currency zone. As the conflict in Ukraine drags on, it is now struggling with the necessity to wean itself off of its dependency on Russian gas. As a result, the third quarter of this year saw a significant slowdown in Eurozone growth. EUR/USD Price Chart GBP declines in the wake of BoE interest rate decision The market is reflecting bullish signals for this currency pair. Another action by the Bank of England has the Pound taking a beating. The Bank of England increased the Bank Rate by 75 basis points to 3.0%, but it made it apparent that a jump to 5.0% or above was not likely, sending the Pound into a reflexive sell-off. According to a statement issued by the Bank, the Monetary Policy Committee (MPC) decisively voted 7-2 to raise interest rates by 75 basis points, but this exceptionally significant increase appears to be an outlier. However, significantly for the foreign exchange markets, the Bank won't be delivering as many rate increases as investors anticipate. The Bank's decision and financial calculations are based on market expectations that the Bank Rate will increase to a top of 5.25% in 2023, which is why the Pound has reacted in this way. In such a case, the Bank's economists predict that inflation will return to zero in three years, significantly below the target of two percent. EUR/GBP Price Chart AUD beating the GBP The Bank of England (BoE) appeared to rule out the possibility of indulging in derivative market pricing, hinting that Bank Rate could reach five percent in the months ahead, which hampered the Pound to Australian Dollar rate and put it at risk of further losses in the last session of the week. The Bank of England announced its largest increase in the Bank Rate in decades on Thursday, but said financial markets were barking up the wrong tree when they bet that borrowing costs could still rise significantly further down the road. As a result, sterling dropped significantly, including against the Australian Dollar. GBP/AUD Price Chart Sources: dailyfx.com, poundsterlinglive.com, finance.yahoo.com
Solid Wage Growth in Poland Signals Improving Labor Market Conditions

BoE Hikes Interest Rates 75bps, ECB Feeling Post-fed Interest Rate Hike Repercussions, Fed Hikes Interest Rates 75bps

Rebecca Duthie Rebecca Duthie 03.11.2022 15:49
Summary: The Bank of England increased interest rates by 0.75 percentage points to 3%. The Fed, which has an impact on international markets, must be monitored by the ECB. Jay Powell forewarned that US interest rates may rise higher than anticipated. BoE interest rate hikes The Bank of England increased interest rates by 0.75 percentage points to 3% in order to combat inflation in a way that hasn't been attempted in the past 30 years. The central bank offered unusually strong guidance that interest rates wouldn't need to rise much higher to bring inflation back to its objective of 2%, despite predicting a "particularly tough outlook" with a protracted recession ahead. The Monetary Policy Committee of the Bank of England stated that market estimates for an interest rate peak of 5.25 percent were excessively high. According to the statement, the majority of the committee thought that "additional hikes" could be necessary "for a durable return of inflation to goal, albeit to a peak lower than priced into financial markets." BoE’s latest interest rate hike was was aggressive The BoE's decision followed a similar move by the European Central Bank last week and a 0.75 percentage point increase by the US Federal Reserve on Wednesday. The official interest rate in the UK reached its highest point since late 2008 after being raised to 3%. Aside from a sharply reversible jump on September 16, 1992, often known as "Black Wednesday," it is the biggest increase since 1989. A bigger rise at the meeting "would help to bring inflation back to the 2% target sustainably in the medium term, and to minimise the risks of a more lengthy and costly tightening later," according to the meeting minutes, which were approved by seven of the nine MPC members. ⚠️BREAKING:*BANK OF ENGLAND RAISES KEY INTEREST RATE BY 75BPS TO 3.00%, LARGEST RATE HIKE SINCE 1989🇬🇧🇬🇧 pic.twitter.com/A3rx8jpeLz — Investing.com (@Investingcom) November 3, 2022 ECB facing repercussions from aggressive Fed The U.S. Federal Reserve, which has an impact on international markets, must be monitored by the European Central Bank, but it cannot simply copy its policy decisions, according to ECB President Christine Lagarde on Thursday, following the Fed's guidance for even higher interest rates. On Wednesday, the Fed increased its benchmark rate by another 75 basis points. Fed chair Jerome Powell also stated that borrowing costs would need to increase "higher than previously projected" in order to combat inflation, which caused investors to price in additional ECB rate increases as well. But Lagarde argued that because economic conditions in the 19-country euro zone were different from those in the United States (and the ECB itself raised rates by 75 basis points last week), the ECB could not simply mimic the Fed. This point was also made by ECB board member Fabio Panetta and Bank of Italy governor Ignazio Visco. Lagarde acknowledges ECB was affected by the Fed’s actions Lagarde acknowledged that the ECB was "affected by the repercussions" of Fed action on the financial markets, particularly the decline in the value of the euro relative to the dollar on Thursday. Lagarde reiterated her commitment to bringing inflation down to the ECB's 2% objective by stating that "clearly the exchange rate matters and has to be taken into account in our inflation projections." According to ECB data released on Thursday, the interest rate that banks seek from businesses increased by 55 basis points in September, the largest monthly increase since the creation of the euro, to stand at 2.41%. Since 2015, this was the highest. *ECB PRESIDENT LAGARDE: A RECESSION WON'T BE SUFFICIENT TO SETTLE INFLATION🇪🇺🇩🇪🇫🇷🇮🇹🇪🇸🇳🇱 pic.twitter.com/zcfEzCi1ZB — Investing.com (@Investingcom) November 3, 2022 Fed may slow down their interest rate hiking cyc;e Jay Powell forewarned that US interest rates may rise higher than anticipated, but he also left open the prospect that the Federal Reserve might slow down its drive to tighten monetary policy. Speaking after the central bank raised its benchmark interest rate by 0.75 percentage points for the fourth time in a row, Powell cautioned that there was still work to be done in bringing down inflation and cited a number of economic indicators to support his claim. Powell did, however, provide a suggestion that policymakers would be open to adopting a less drastic rise at the Fed's upcoming meeting in December. The following meeting or the one after that may mark the beginning of that period. Powell made a crucial point when he noted that before transitioning to lesser hikes, the Fed did not need to wait for several months of lower inflation data. ⚠️BREAKING:*FED CHAIR POWELL SAYS TIME TO SLOW RATE HIKES MAY COME 'AS SOON AS NEXT MEETING'$DIA $SPY $QQQ 🇺🇸 🇺🇸 — Investing.com (@Investingcom) November 2, 2022 Sources: twitter.com, investing.com, ft.com
CVs Health and Walgreens Are The Most Recent In The Line Of Settlements Concerning The Opioid Problem

CVs Health and Walgreens Are The Most Recent In The Line Of Settlements Concerning The Opioid Problem

Rebecca Duthie Rebecca Duthie 02.11.2022 16:35
Summary: CVS Health and Walgreens, have agreed to pay roughly $10 billion. These are the first agreements made by pharmacy chains related to their involvement in the US opioid crisis. CVs Health and Walgreens settle opioid lawsuits The two largest US drugstore chains, CVS Health and Walgreens, have agreed to pay roughly $10 billion to resolve the majority of the ongoing legal disputes relating to the prescription of potent opioid medicines. These are the first agreements made by pharmacy chains related to their involvement in the US opioid crisis, which has resulted in tens of thousands of fatalities in recent years. “The agreement would fully resolve claims dating back a decade or more and is not an admission of any liability or wrongdoing,” the company added, as it released third-quarter results. “CVS Health will continue to defend against any litigation that the final agreement does not resolve.” With payments totaling around $4.79 billion over 15 years, Walgreens announced that it has achieved an agreement in principle to defend against the "vast majority" of opioid lawsuits brought against it by states. Under the deal, it anticipates paying native American tribes an additional $154 million. According to Walgreens, the agreements did not include the firm admitting any wrongdoing or guilt. According to a Tuesday Bloomberg News article, a $12 billion opioid settlement agreement had been reached between CVS, Walmart, and Walgreens. The in-principle agreements reached with CVS and Walgreens "are an important step in our efforts to hold pharmacy defendants accountable for their role in the opioid epidemic," according to the negotiating team in the National Prescription Opiate Litigation, a group of senior attorneys who have been working on the opioid lawsuits. The settlements with CVS and Walgreens are the most recent in a line of settlements concerning the opioid problem. CVs Price Chart Sources: ft.com, finance.yahoo.com
Saxo Bank Podcast: Natural Gas On Colder Weather, Wheat And Coffee Under Pressure, JPY Weaker And More

Platinum Futures, Efforts To Slow Gas Prices Continue, Wheat Futures Down 6%

Rebecca Duthie Rebecca Duthie 02.11.2022 16:34
Summary: Platinum futures are down 1.11% during 2022. Russia declared that, once its requests have been satisfied by Ukrainian counterparts, it is willing to continue the trade agreement that ensures a safe passageway for grain-carrying vessels. EU efforts to lower high energy prices are slowing down the adoption of renewable energy. Platinum Futures According to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity, platinum has dropped 10.67 USD/t oz. or 1.11% since the start of 2022. Platinum Jan ‘23 Futures Price Chart Wheat futures fell 6% on Wednesday Following news that trade for ships transporting grain out of Ukrainian Black Sea ports may resume operations, Chicago wheat futures plunged more than 6% to $8.5 per bushel on Wednesday, dropping considerably from the three-week high of $9 reached the prior session. Russia declared that, once its requests have been satisfied by Ukrainian counterparts, it is willing to continue the trade agreement that ensures a safe passageway for grain-carrying vessels. The action was taken after Moscow abruptly chose to terminate the agreement's participation at the end of October, citing security concerns that Kyiv refuted. The continuance of shipments from Ukraine will boost global supplies in addition to freeing up essential storage space for the upcoming harvest, increasing concerns about a global food crisis that drove wheat prices to a record-high $12.8 in May. Prior to February's Russian invasion of Ukraine, sales from both nations made up about 30% of all exports. Wheat Futures Price Chart RBOB Gasoline futures The CEO of one of the biggest wind turbine manufacturers in the world cautioned that EU efforts to lower high energy prices are slowing down the adoption of renewable energy just as the area wants to boost it up. “Every indication is that the EU and governments have spent more time in finding taxation methods or trying to limit energy prices, which has actually slowed the process and project accruals,” Henrik Andersen, chief executive of Danish wind turbine manufacturer Vestas, told the Financial Times. In an effort to slow the growth in energy costs across Europe brought on by high gas prices, European energy ministers decided in September to set a $180 per megawatt-hour cap on earnings from the production of wind, solar, and nuclear energy. RBOB Gasoline Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, ft.com, tradingeconomics.com
ADP Non-farm payrolls jobs market data show a growth of 127K, much less than the previous print

FOMC Interest Rate Decision In The Spotlight (EUR/USD), HSBC Claims GBP Is Close To Long-term Base (EUR/GBP, GBP/ZAR)

Rebecca Duthie Rebecca Duthie 02.11.2022 16:34
Summary: A big increase in monetary policy is unlikely to assure a rise in the value of the US dollar. Markets already struggling with the UK's long-standing and well-known structural problems. BoE interest rate decision due Thursday. Fed interest rate decision in the spotlight The market is reflecting bearish signals for this currency pair. At 18:00 GMT, the biggest central bank in the world is expected to make a controversial monetary policy announcement, and the markets are certainly focused on it. The market's reaction may be biased because speculation through Fed Fund futures and other channels has made a further 75 basis point rate hike from the group almost certain. It's crucial to remember that no single aspect of this well-publicized incident should be seen as a firm indication for speculation. A big increase in monetary policy, such as a rate hike of 75 basis points, is therefore unlikely to assure a rise in the value of the US dollar and send US indices into a downward spiral. EUR/USD Price Chart GBP appears to be finding some balance The market is reflecting bearish signals for this currency pair. The largest bank in the UK, HSBC, claims that the British pound is close to a long-term base. HSBC analysts state that "after showing signs of vertigo, GBP appears to be finding some balance" in a briefing on foreign exchange research. Declines followed the market's reaction to tax cut proposals made by the former prime minister Liz Truss that were to be paid for by further borrowing, alarmed investors who questioned whether the UK's debt condition would prove to be sustainable. Markets were already struggling with the UK's long-standing and well-known structural problems, especially the budget deficit and the current account deficit, when the "mini budget" fiasco broke out. EUR/GBP Price Chart ZAR almost worst performing currency in G20 The Pound to Rand rate has more than made up for its September losses in a recovery that has most recently plateaued near 2022 highs, but if the Dollar stays weak or if Sterling is hurt by Thursday's Bank of England (BoE) decision, it will be at risk of a corrective setback later this week. The total result was an almost 12% comeback from a late September low, which saw GBP/ZAR erase much of the year's previous losses in the process. South Africa's Rand was nearly the worst performing currency in the G20 grouping for October while the Pound was among the strongest. The Rand's underperformance occurred during yet another strong month for the Dollar and a stretch of unusually marked weakness for China's Renminbi. Local data that showed the manufacturing sector as virtually the only bright spot in an otherwise cooling South African economy may also have contributed to the Rand's underperformance. GBP/ZAR Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Disappointing German March macro data increase risk of technical recession

Airbnb Q3 Earnings Beat Market Expectations, ECB Puts Pressure On Banks Regarding Climate Change, Credit Suisse Just Misses Junk Status

Rebecca Duthie Rebecca Duthie 02.11.2022 13:58
Summary: Airbnb Q4 earnings look dim. ECB to increase capital requirements for banks if they do not address climate change risks. S&P Global Ratings reduced Credit Suisse Group AG's. Airbnb anticipating poor booking outlook for Q4 Shares of Airbnb Inc. dropped after the firm provided a poor booking outlook for the fourth quarter, signaling that consumer preferences are changing back to urban and international locations rather than the more expensive rentals that were popular during the pandemic. In comparison to the third quarter's rise of 25%, the home-sharing platform said it anticipates the pace of nights and experiences booked will "slow significantly" in the fourth quarter. In the three months that ended in September, Airbnb reported 99.7 million nights and experiences booked, underperforming analysts' expectations of 99.9 million. Prior to the New York stock exchanges opening, the shares decreased by nearly 6% in premarket trading. In trading on Tuesday, the stock increased 2% to settle at $109.05 after falling 35% this year. Additionally, Airbnb stated that it anticipates average daily rates to moderate this quarter as a result of a strong currency and a trend in travelers returning to cities, where rates are often cheaper due to smaller facilities. With the low end of that range falling below Wall Street's estimate of $1.86 billion, the business projected fourth-quarter sales of between $1.80 billion and $1.88 billion. The somber prognosis comes after Airbnb had its most successful quarter and greatest quarterly revenue during the summer. The company's third-quarter earnings of $1.2 billion above analysts' expectations as revenue increased 29% to $2.88 billion. Before the numbers were made public, Bloomberg Intelligence analysts Mandeep Singh and Damian Reimertz warned in a note that Airbnb could start competing again with hotels, which are currently seeing more inventory come back online following the pandemic downturn. $ABNB reports Q3 earnings that beat estimates, but comes in a bit low with Q4 guidance sending shares down. 👀 Q4 revenue forecast $1.80B to $1.88B vs $1.86B estimate💵 Revenue $2.88B vs $2.83B estimatehttps://t.co/RzAY1P67Ux — Yahoo Finance (@YahooFinance) November 1, 2022 ECB addressing Climate Risk After identifying numerous areas of concern, the European Central Bank increased the pressure on banks by warning them that if they don't address their financial risks related to climate change within the next two years, there will be increased capital requirements and fines. The ECB has sent letters to all of the major banks in the eurozone outlining 25 areas, on average, where it believes they are falling short in tackling climate risks and setting a deadline of 2024 to do so. The ECB announced on Wednesday that a "limited number" of banks have already had their capital requirements increased this year owing to concerns that they have not adequately addressed climate risks. This occurred in accordance with "pillar two" guidance, which, though not required, has a big impact on banks' capital management. The actions signal a substantial increase in the central bank's pressure on eurozone bankers to accelerate their efforts to identify, manage, and disclose climate risks in their balance sheets. Frank Elderson, vice-chair of the ECB's supervisory board, stated in a blog post that "the glass is slowly filling up, but it is not yet even half full." Credit Suisse just misses junk status ECB warns banks of capital hit if they fail to tackle climate risk https://t.co/ttlQoZDm1B — Finance News (@ftfinancenews) November 2, 2022 S&P Global Ratings reduced Credit Suisse Group AG's long-term rating to only one notch above junk status, highlighting the bank's difficulties following the announcement of a dramatic restructuring plan last week. The long-term rating of the Swiss bank was downgraded from BBB to BBB- with a stable outlook. Just one notch separates that from the BB "speculative grade." Following the restructuring's announcement on Thursday, the US ratings agency echoed a number of experts by stating that it saw "significant execution risks amid a deteriorating and uncertain economic and financial environment." Additionally, it indicated that many aspects of asset sales are still "unclear." As investors assessed the hefty costs of the plan, the low return expectations, and the massive dilution, Credit Suisse's new strategy led to the day's worst single-day decrease in share price ever, with shares falling 18%. The bank announced the strategic review as it reported a quarterly loss of 4.03 billion Swiss francs, which included a substantial impairment of deferred tax assets connected to the redesign. The restructure will result in the dissolution of the investment bank and will cost roughly $2.9 billion through 2024. S&P downgrades Credit Suisse Group, Moody's cuts some ratings https://t.co/n12QMnXBx5 pic.twitter.com/ASCCZSV3cg — Reuters (@Reuters) November 2, 2022 Sources: finance.yahoo.com, twitter.com, ft.com, reuters.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

NGAS Down 10% On Tuesday, Gold Increased Ahead Of Wednesday's Fed Announcement, Cotton Futures Touching 22-month Lows

Rebecca Duthie Rebecca Duthie 01.11.2022 20:58
Summary: US natural gas futures fell over 10%. Gold rose ahead of the Fed monetary policy announcement tomorrow. The price of cotton futures fell to a 22-month low. NGAS close at their lowest since May US natural gas futures fell over 10%, closing in on their lowest level since May at $5.6/MMBtu, as utilities continued to inject gas into storage for the winter despite expectations for milder weather over the next two weeks that should reduce demand for cooling. As record production levels and weaker export demand, notably from Europe, alarmed investors, natural gas prices in the US have now fallen more than 40% from their peak in August. The Cove Point LNG plant in Maryland owned by Berkshire Hathaway Energy, meanwhile, resumed operations on October 28 following a month of maintenance. In early to mid-November, the Freeport plant in Texas is also expected to partially begin operations. NGAS Dec ‘22 Futures Price Chart Gold increased on Wednesday Ahead of the highly anticipated Fed monetary policy announcement due tomorrow, gold prices increased by about 1% to trade above $1,650 an ounce on Tuesday as the dollar surge came to an end and bond rates dropped. The central bank is expected to deliver another rate increase of gigantic proportions (75 bps), but the likelihood that it will limit the tempo of hikes in December is growing. In other countries, the Reserve Bank of Australia increased interest rates once more by 25 basis points in November, while the Bank of England is scheduled to raise rates once more on Thursday. Despite Tuesday's advances, gold is still under severe pressure and is not far from lows not seen since April 2020 because keeping non-yielding bullion has a higher opportunity cost due to a general increase in borrowing costs. Gold Dec ‘22 Futures Price Chart Cotton under strain of the strong USD The price of cotton futures fell to a 22-month low of 75.1 USd/Lbs under the strain of a stronger dollar and continuing demand worries brought on by difficult economic conditions. According to the most recent estimate from the US Department of Agriculture, both acreage and output grew, and worldwide cotton production is predicted to reach 118.1 million bales in 2022–23, a 2% rise over the previous year. China, Brazil, and India contributed more to the increase in output than the United States and Pakistan did to the decrease. Cotton Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
The British Pound Is Showing Signs Of Exhaustion Of The Bullish Force

Fed Fully Expected To Raise Interest Rates By 75bps (EUR/USD, EUR/GBP), BoE Interest Rate Decision Due On Thursday (GBP/CAD)

Rebecca Duthie Rebecca Duthie 01.11.2022 16:41
Summary: The Fed’s Wednesday's anticipated 75 basis point hike may be the last of its sort. The likelihood of a recession in the Euro Area has grown. The BoE decision on Thursday is the most significant event of the week for the Pound. Markets anticipate the Fed’s policy rate decision The market is reflecting bearish signals for this currency pair. With the Federal Reserve's policy announcement on Wednesday and the crucial U.S. jobs data on Friday, this is a crucial week for global FX. Therefore, the Dollar side of the equation will be the driving force behind the Euro to Dollar exchange rate (EUR/USD), especially now that the European Central Bank's October policy meeting is over. The possibility of a "pivot" by the Federal Reserve, whereby they signal that Wednesday's anticipated 75 basis point hike will be the last of its sort and that hikes will proceed at a slower rate starting in December, is particularly exciting for investors in the financial markets. According to some analysts, this could support the idea that the U.S. Dollar has reached its top, or the "pivot," as it is known in the financial community. EUR/USD Price Chart Likelihood of Eurozone recession has increased The market is reflecting mixed signals for this currency pair. According to a new report, the decline in UK home prices has just started. Capital Economics researchers predict falls of about 12% by 2024 on the same day Nationwide announces the first drop in home values in 15 months. The likelihood of a recession in the Euro Area has grown, according to ECB President Christine Lagarde, who also stated that while uncertainty is still high, "a central bank has to focus on its duty." The destination is clear, but we are not there yet', said President Lagarde. EUR/GBP Price Chart GBP at risk due to UK economy The Pound to Canadian Dollar exchange rate recently hit four-month highs, but numerous technical barriers are standing in the way of its ascent on the charts, and Thursday's Bank of England (BoE) interest rate decision carries risks that could further thwart its recovery in the days and weeks to come. Since hitting record lows near 1.40 in late September, the value of the pound has increased by more than 10% against the Canadian dollar. Last Friday, it reached a high of 1.5811, but it has been unable to hold that level due to a number of technical resistances that are scattered across the chart around the 1.57 handle. The BoE decision on Thursday is the most significant event of the week for the Pound and comes before Friday's release of Canada's September employment report. However, Sterling is at risk due to the UK economy's deteriorating performance and prospects, which are at odds with widely held beliefs about the outlook for bank rates. GBP/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Franc Records 11th Consecutive Daily Decline Against the Dollar as US Economic Concerns Mount

Non-transparent ETFs Have Been Struggling, Elon Musk Making Many Changes To Twitter, Pfizer COVID-19 Revenues Rise

Rebecca Duthie Rebecca Duthie 01.11.2022 16:14
Summary: Since non-transparent ETFs were introduced two years ago, they have had difficulty gaining popularity. Elon Musk continues to make Twitter changes. Tuesday saw Pfizer increase its Covid-19 vaccine sales projection. Non-transparent ETFs Since the initial products were introduced two years ago, non-transparent ETFs have had difficulty gaining popularity among investors, according to data. According to Bryan Armour, director of passive strategies research for North America at Morningstar, portfolio-shielding ETFs had $4.4 billion in assets as of September 30, making up around 1.5% of the active ETF market. However, according to Morningstar data, only one ETF, the $2.1 billion Nuveen Growth Opportunities ETF, has roughly half of those assets. After attracting attention from companies including BlackRock, Capital Group, Nuveen, Columbia Threadneedle, and American Century, non-transparent ETFs were given regulatory permission in December 2019. On March 31, 2020, American Century introduced the first actively managed non-transparent ETFs. According to the American Century website, the Focused Dynamic Growth ETF currently has $121 million and the Focused Large Cap Value ETF currently has $200 million. According to Armour, non-transparent ETFs have seen a decline in market share among active ETFs this year. According to him, active ETFs have organically increased by 19.8% year to date through September, outpacing non-active ETFs by 11.7 percentage points. Non-transparent ETFs have had a difficult time amassing assets in part because large broker-dealers have been reluctant to add the products to their systems. UBS, Merrill Lynch, and Morgan Stanley Wealth Management all announced this year that they will begin providing a limited selection of portfolio-shielding ETFs on their platforms. Overall, Nate Geraci, president of The ETF Store, stated that investor response to opaque ETFs has been "lukewarm at best" and "downright cold" at worst. Portfolio-shielding active ETFs struggle to gain ground https://t.co/ksLUzKPPkN — Finance News (@ftfinancenews) November 1, 2022 Twitter CEO continuing to make changes The Wall Street Journal reported on Tuesday that Twitter Inc., which billionaire Elon Musk acquired last week, will no longer permit customers of its Blue service to see content without advertisements. In June of last year, Twitter Blue, the platform's first subscription service that provided exclusive access to premium features including the ability to edit tweets, was introduced. Subscribers had access to some publishers' articles without being interrupted by adverts through the service. Last month, the social media site in the US made an edit option available to premium subscribers. According to news sources, Twitter is preparing additional modifications to its $4.99 per month Blue subscription tier, including adding user authentication. Musk added that charging a charge was the best way to "fight the bots & trolls" in a response to author Stephen King on Tuesday, asking if $8 was a price he would pay to be a verified user. $TWTR platform changes under Elon Musk “is literally like throwing spaghetti on the wall and seeing what sticks,” @binance CEO @cz_binance says, adding: “There should be new features every month, every week, every day.” pic.twitter.com/iUsW6pGH9C — Yahoo Finance (@YahooFinance) November 1, 2022 Pfizer revenue rises due to increase in COVID-19 vaccine sales Tuesday saw Pfizer increase its Covid-19 vaccine sales projection by $2 billion to $34 billion as higher pricing offset a drop in demand outside of the US. The US manufacturer claimed that high sales of several of its other medications and its bivalent booster, which targets the dominant strain of the Omicron type, helped it to somewhat offset the negative effects of a strong dollar. As a consequence of third-quarter results that exceeded analysts' estimates and allayed fears about waning demand for Covid products, the business kept its full-year target of $22 billion for sales of the Covid antiviral medication Paxlovid. Shares of Pfizer increased 3.5% in pre-market trading to reach $48.10. Pfizer reported third-quarter sales of $22.6 billion, which were more than experts had anticipated but were down 6% from the same period a year earlier when the pandemic was at its worst. The business raised its estimate for full-year 2022 earnings to a range between $6.40 and $6.50 per share. Additionally, it reduced its projected revenue to a range of $99.5 billion to $102 billion. 💉 Pfizer raises revenue view on higher-than-expected Covid-19 vaccine sales https://t.co/XlgVgQiGGl via @WSJ $PFE is +3.22% in pre-market trading. — Yahoo Finance (@YahooFinance) November 1, 2022 Sources: Twitter.com, ft.com, finance.yahoo.com
Twitter CEO Elon Musk Seems To Be Making Plans To Lay-off Employees

Twitter CEO Elon Musk Seems To Be Making Plans To Lay-off Employees

Rebecca Duthie Rebecca Duthie 31.10.2022 20:26
Summary: Musk's claim is that Twitter has been poorly managed. Musk has asked managers and consultants to suggest which employees should be fired.Musk may be making lay-off plansPeople with knowledge of the situation claim that Elon Musk has started making preparations for widespread layoffs at Twitter as the billionaire businessman shakes up the social media giant just days after finalizing the $44 billion acquisition of the platform. According to two people with knowledge of the situation, Musk has asked managers and consultants to suggest which employees should be fired and which should be kept on. According to the people, Musk is not requesting a specific number of layoffs from Twitter's 7,500 employees. According to one of the people, he prefers to dismiss those who do not support him as leader.After Musk completed the transaction to take the San Francisco social media company private on Thursday evening, he swiftly fired a number of key officials, including the CEO and the head of legal, policy, and trust, Vijaya Gadde. The executives were anticipated to get golden parachutes as per the merger deal; in Agrawal's case, this amounted to approximately $60 million. Two sources with knowledge of the case said that Musk fired the executives "for reason," which implied that he claimed to have a legitimate legal justification for doing so. As a result, the payouts may be void.According to one of the persons, Musk's claim in this case is that Twitter has been poorly managed and that without his proposal, the stock value of the firm would have plummeted. A person acquainted with the executives' thinking claims that they are considering their legal alternatives before making a choice. It is unusual to refuse severance benefits tied to purchases, and the "for cause" clause often demands that misbehavior occurred.The $44 billion deal's completion ushers in a new era for Twitter, one in which the CEO of Tesla and SpaceX will work to transform the company's failing operations, spur product innovation, and alter its content moderation. Musk, who is now going by the handle "Chief Twit," was active on Twitter over the weekend. He shared a penis meme, made fun of an automated message that was ostensibly sent to him but was actually intended for new hires, and made hints about upcoming policy changes.Musk, on the other hand, has concentrated on the product and engineering. He has previously stated that he would personally "oversee software development" instead of appointing anyone to any C-suite executive posts, according to private messages revealed in court documents. Four sources claimed that David Sacks, a venture capitalist and close friend of Elon Musk, is a member of the team assisting Musk. He is also receiving advice from Antonio Gracias, a former Tesla director and the founder of the private equity firm Valor Equity Partners, a source claimed.Sources: ft.com
Portugal's Economic Outlook: Growth Forecast and Inflation Trends

Prospects Of A More Dovish Fed Supporting Silver, Corn Futures Rally, Brent Crude Weighed Down By Recession Fears

Rebecca Duthie Rebecca Duthie 31.10.2022 17:42
Summary: Expectations that the Fed will change course by December sparked a bond rally. Worries about a possible world recession and a drop in oil consumption. Chicago maize futures surged to their highest levels in three months. Silver supported by a potentially dovish fed On optimism that the US Federal Reserve would soon cut down the rate of interest rate hikes to avoid overtightening, spot silver extended gains to beyond $19.5 per ounce, moving farther away from a 1-1/2-month low of $18.3 reached in mid-October. Investors are now essentially certain that the US central bank will announce a fourth consecutive 75 basis point rate hike on November 2, but expectations that the Fed will change course by December sparked a bond rally and caused the dollar to weaken, which increased the appeal of non-interest bearing assets. Even still, silver's price has dropped more than 25% from its March peak, when Russia's invasion of Ukraine sparked a surge in precious metals. Silver Dec ‘22 Futures Price Chart Brent Crude weighed down by recession worries On Monday, the price of Brent crude futures dropped below $95 per barrel as investors became uneasy over persistent worries about a possible world recession and a drop in oil consumption, particularly in China. Concerns that new coronavirus-induced restrictions may harm economic activity and reduce oil consumption were stoked by factory activity falling short of forecasts in the world's largest crude consumer. Nevertheless, despite limited worldwide supplies, the international benchmark increased by more than 10% in October, putting it on course to post its first monthly rise in five. The most significant reduction in output since the start of the crisis was reached in November by OPEC and its partners, including Russia, amid growing rumors that the oil cartel will continue to interfere in markets to support prices. As a component of broader penalties for the invasion of Ukraine, the European Union's ban on Russian oil is also scheduled to go into force in December. Brent Crude Futures Price Chart Corn spiked after Russia pulled out on UN-mediated agreement After Moscow abruptly backed out of the UN-mediated agreement that provided a secure trading route for grain supplies leaving Ukrainian Black Sea ports, Chicago maize futures surged to their highest levels in three months. Although the West disputed the prospect, Russia cited ships being used to deliver weaponry to Ukraine as justification for the cancellation. Following a Russian military embargo that had made seaborne grain exports from Ukraine impossible since February, an agreement that went into effect in July permitted Ukrainian grains to be transported on board ships carrying food from Ukraine. Around 20% of the world's corn exports were made through Black Sea ports prior to the invasion. In addition to prohibiting exports, the stoppage of port activities will prevent Ukraine from releasing crucial storage space in silos as the harvest for the 2022–2023 marketing year is underway, severely endangering the availability of food throughout the world. Corn Futures Price Chart Sources: finance.yahoo.com, finance.yahoo.com
The Bank Of England Can Tighten Monetary Policy Considerably More Gradually Than It Is Now Doing

Eurozone Inflation Touched Record Highs (EUR/USD, EUR/GBP), RBA Interest Rate Decision Due On Tuesday (GBP/AUD)

Rebecca Duthie Rebecca Duthie 31.10.2022 17:39
Summary: Eurostat stated that prices rose by a record 10.7% in October. Uncertainty around BoE interest rate decision. RBA raised interest rates by 25 basis points, and the market is expecting a similar action on November 1. ECB under pressure to raise interest rates further The market is reflecting bearish signals for this currency pair. Eurostat stated that prices rose by a record 10.7% in October, setting a new record for inflation in the Eurozone. Separate figures also revealed that the bloc's economy expanded more quickly than anticipated in the third quarter. The European Central Bank (ECB) is under more pressure to raise interest rates as the inflation data was higher than the market's expectation of 10.3%, despite predictions from some economists that the ECB will soon slow the rate at which it does so. With the energy component of fuel costs rising by an alarming 41.9% year-over-year, rising fuel prices continue to be the main source of inflationary pressures. The EUR/USD is still in a significant macrodowntrend, and even while this picture might not change much in the short term, there may yet be some upside before selling resumes. The euro broke out of a channel it had been trapped in since the beginning of the year last week. EUR/USD Price Chart Markets awaiting BoE interest rate decision The market is reflecting mixed market signals for this currency pair. Due to the uncertainty surrounding the Bank of England's decision on Thursday and the possibility that the BoE will raise interest rates less than markets anticipate, the Pound to Euro exchange rate has continued its recovery from September's lows to reach two-month highs in recent trade. However, this week's gains may be vulnerable to profit-taking. The U.S. dollar weakened last week, which benefitted riskier currencies, and financial markets cheered the appointment of former chancellor Rishi Sunak as prime minister. However, market focus soon shifted to Thursday's interest rate decision and the release of October inflation data from the Eurozone on Monday. Economists and the financial markets anticipate that the BoE will increase the Bank Rate by three quarters of a percentage point to 3%. If delivered, this would be the biggest interest rate increase the BoE has ever made, however it may not be as certain or as done as many people think. EUR/GBP Price Chart RBA expected to remain dovish On Tuesday, the Reserve Bank of Australia is expected to increase interest rates once more, but the size of the increase is uncertain, with potential consequences for the Australian Dollar. On October 4, the RBA raised interest rates by 25 basis points, and the market is expecting a similar action on November 1. However, as inflation picks up speed, the central bank may be compelled to make a U-turn According to the ABS, Australian CPI increased 7.3% in the twelve months leading up to the September 2022 quarter. The announcement occurred just a few days after the Reserve Bank of Australia stunned the markets by raising interest rates by 25 basis points; the Australian Dollar fell as a result. GBP/AUD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Solid Wage Growth in Poland Signals Improving Labor Market Conditions

Eurozone Inflation Touches Record High, US Treasury, What To Watch At BoE Rate Setting Meeting

Rebecca Duthie Rebecca Duthie 31.10.2022 12:59
Summary: Consumer prices in the Eurozone reached a new record high. Investors in US government bonds are pleading with the Treasury department to intervene. The BoE will this week publish its latest decision on interest rates. Eurozone inflation rises for 12th consecutive month According to a flash estimate from the European Union's statistics office, consumer prices in the Eurozone reached a new record high for the twelfth consecutive month, driven by a persistent rise in energy prices. In October, annual inflation in the currency region increased by 10.7%, exceeding economists' expectations of 10.2% and up from the previous level of 9.9%. As a result of ongoing tensions regarding the provision of crucial Russian gas flows into Europe after the start of the war in Ukraine, energy costs increased by 41.9% during the month. Food, drink, and tobacco prices all went up 13.1%. Core inflation, which excludes volatile commodities like food and energy, registered at 5.0%, up from the previous reading of 4.8% and also higher than expected. Businesses have displayed symptoms of pessimism about the future, and economists anticipate that the Eurozone will enter a recession this year as a result of spillover effects from this skyrocketing inflation. According to Eurostat's flash statistics, which was also issued on Monday, the third quarter saw an unusually severe slowdown in economic development in the Eurozone. The seasonally adjusted gross domestic product increased by 0.2% when compared to the prior three months, which was less than the 0.8% increase seen in the second quarter and the 1.0% increase expected. In morning trade, the euro decline against the dollar and little changed thereafter. ⚠️BREAKING:*EURO ZONE ANNUAL INFLATION RATE JUMPS TO 10.7% IN OCTOBER, HIGHEST LEVEL ON RECORD 🇪🇺🇩🇪🇫🇷🇮🇹🇪🇸🇳🇱 pic.twitter.com/3qj1Ddy4dr — Investing.com (@Investingcom) October 31, 2022 Investors pleading with US Treasury department Investors in US government bonds are pleading with the Treasury department to intervene in the market in the hopes that this week will bring signs of potential buybacks following months of erratic price fluctuations and little liquidity. The fast rate hikes and quantitative tightening program implemented by the Federal Reserve this year have heightened the tension in the typically subdued $24 trillion Treasury market. When the Treasury announces its funding for the fourth quarter in the coming days, investors are hoping for hints about what it has in store. The cost of borrowing for the US government and the benchmark for prices across asset classes are determined by Treasury rates, which have fluctuated drastically in 2022. Even though the Treasury bond market is supposedly the most liquid in the world, the volatility has made it more difficult and expensive for investors to buy or sell Treasury bonds.Investors, strategists, and primary dealers anticipate that the Treasury will provide some information in the documents it releases this week after reviewing the survey's findings with them last week. The expected financing requirements for the fourth quarter and the Treasury's intentions for issuance will be revealed on Monday. Investors urge US Treasury to boost bond market liquidity with buyback scheme https://t.co/xlPeGVvvK2 — Financial Times (@FT) October 31, 2022 BoE to make UK economy estimates and interest rate decision The Bank of England will this week publish its latest decision on interest rates along with updated estimates for the UK economy in what is the most anxiously awaited monetary policy meeting in years. One of the most volatile periods in recent UK economic history preceded the BoE's most recent interest rate meeting on September 22. Liz Truss' "mini" Budget, which included £45 billion in unfunded tax cuts, caused a spike in government borrowing costs, necessitated an emergency BoE intervention, and increased mortgage rates for homeowners. In the government's autumn statement on November 17, the new prime minister Rishi Sunak promises a new economic plan that will demonstrate how debt would decrease as a share of gross domestic product over the medium term. Thus, without complete knowledge of Sunak's strategy, the BoE Monetary Policy Committee will be largely "flying blind" when it announces its interest rate decision on Thursday. Four things to watch out for are listed below. Interest rate decision. Economic growth and inflation forecasts. Quantitative tightening. Monetary policy management expectations. Four things to watch at the Bank of England’s rate-setting meeting https://t.co/u2hMRgYqu7 — Financial Times (@FT) October 31, 2022 Sources: ft.com, twitter.com, investing.com
Amazon (AMZN) Stock Price Down Almost 9% In The Wake Of Earnings Predictions

Amazon (AMZN) Stock Price Down Almost 9% In The Wake Of Earnings Predictions

Rebecca Duthie Rebecca Duthie 28.10.2022 17:14
Summary:Amazon released revenue predictions far below those of Wall Street.Rising inflation and energy costs have caused people and businesses to reevaluate their purchasing power. AMZN missed forecasted expectationsAmazon released revenue predictions far below those of Wall Street, warning that consumer spending was in "uncharted waters," sending its shares down 10% on Friday and adding to the air of doom prevailing in the internet industry. The e-commerce and cloud computing company, which has emerged as a contemporary economic barometer for the US, predicted that fourth-quarter revenues, which include the crucial holiday shopping season, would range between $140 billion and $148 billion. According to S&P Capital IQ, that was as much as $15 billion less than the $155 billion analysts had predicted. Analysts had predicted $5 billion in operational profitability for the fourth quarter, but Amazon said it would be between $0 and $4 billion.Rising inflation and energy costs, according to Amazon's chief financial officer Brian Olsavsky, have caused people and businesses to reevaluate their purchasing power. For many consumers' budgets, this is unknown territory, he added. After Alphabet, the owner of Google, Meta, the parent company of Facebook, and Microsoft alarmed Wall Street with warnings of slower growth and more costs, it was the latest Big Tech company to let investors down this week.Amazon announced third-quarter revenues of $127.1 billion, up 15% from the prior year but slightly below analysts' forecasts. With a $1.1 billion increase in non-operating revenue from its share in electric vehicle manufacturer Rivian, net income decreased to $2.9 billion from $3.2 billion a year earlier.The third quarter saw lower than anticipated sales growth and poorer margins for Amazon's cloud business, which for much of the year had helped to counteract deterioration in retail. For the first time since the year 2020's conclusion, cloud revenue increased by less than 30%, rising by 28% to $20.54 billion.Jassy's first full year in leadership would come to an end if the fourth quarter was poor. When Amazon's problems began to worsen in July 2021, he succeeded company founder Jeff Bezos. AMZN Price ChartSources: finance.yahoo.com, ft.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

Gold On Course To Increase For The Second Consecutive Week, Brent Crude Likely Facing Supply Tightening, Cotton Futures Touching 22-month Lows

Rebecca Duthie Rebecca Duthie 28.10.2022 17:01
Summary: Gold on course to increase for the second consecutive week. Brent crude futures expected to close the week higher. Stronger dollar and continuing demand worries driving cotton down. Gold supported by weak US economic statistics Taking advantage of steep drops in the dollar and Treasury yields due to rising predictions that the US Federal Reserve may pause the pace of rate hikes later in the year, gold prices remained stable over $1,660 an ounce on Friday and were on course to increase for the second consecutive week. Although markets started to predict that the Fed would become less aggressive in December due to worries about overtightening, the Fed is largely expected to deliver its fourth consecutive 75 basis point rate increase in November. Such forecasts were bolstered by a deluge of weak US economic statistics earlier this week, but the third quarter's better-than-expected US GDP figures provided a counterbalance. Investors continued to be wary of inflation worries, which might trigger another surge in the currency and Treasury yields. Kristalina Gerogieva, managing director of the IMF, urged central banks to keep raising interest rates to combat inflation until they reached a "neutral" level. Gold Dec ‘22 Futures Price Chart Brent Crude Oil facing potential supply tightening Despite easing toward $96 per barrel on Friday, Brent crude futures were still expected to close the week higher due to a tightening supply forecast, record US exports, and a steep decline in the value of the US dollar. Last week, the US exported a record quantity of oil and fuel, despite the fact that local fuel markets experienced seasonal lows in fuel stockpiles, which hampered the forecast for supply. A dramatic decline in the value of the dollar helped to support oil prices as well by lowering the cost of commodities with US dollar prices for consumers using other currencies. Along with snapping a four-month losing streak, the OPEC+ plan to reduce output by 2 million barrels per day starting in November and the intensifying Western sanctions on Russian oil are both driving up oil prices in October. Investors continued to be wary in the meanwhile as the prognosis for demand remained gloomy due to escalating inflation, rising interest rates, and growing recessionary threats. Brent Crude Futures Price Chart Cotton touch 22-month lows The price of cotton futures fell to a 22-month low of 75.1 USd/Lbs under the strain of a stronger dollar and continuing demand worries brought on by difficult economic conditions. According to the most recent estimate from the US Department of Agriculture, both acreage and output grew, and worldwide cotton production is predicted to reach 118.1 million bales in 2022–23, a 2% rise over the previous year. China, Brazil, and India contributed more to the increase in output than the United States and Pakistan did to the decrease. Cotton Dec ‘22 Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
The Euro May Attempt To Resume An Upward Movement

Dovish Comments From ECB President Christine Lagarde Sparked Speculation (EUR/USD, EUR/GBP), PCE Missed Market Expectations (GBP/USD)

Rebecca Duthie Rebecca Duthie 28.10.2022 16:48
Summary: USD's decline has been substantially exaggerated. Weak UK economic fundamentals once again take center stage. The Pound to Dollar exchange rate stayed robust near the week's highs. EUR left weak against USD The market is reflecting mixed signals for this currency pair. Italian inflation for October topped forecasts, while Spanish GDP underperformed on all YoY and QoQ indicators, leaving the euro weak against the USD. Italy and France started the morning. German GDP came in at 1.2% and 0.3%, respectively (see economic calendar below), giving the euro a modest boost. The country's strong performance, according to the GDP report, was primarily ascribed to private consumption spending, although I think decreasing energy prices may have had some positive impact on the final result. Following the decision, ECB President Christine Lagarde's comments sparked speculation that future large rate increases from the bank would not be final. According to her, the rate change will be decided "meeting by meeting." This is true even while inflation is quite high. If the past 24 hours give any indication, the US Dollar's decline has been substantially exaggerated. During the Asian session, there has been a minor easing. EUR/USD Price Chart Euro heavily sold in the wake of ECB announcement The market is reflecting bearish signals for this currency pair. Although the Pound to Euro exchange rate has recovered from September's losses, Rabobank estimates indicate that as weak UK economic fundamentals once again take center stage in the months to come, recent gains may be partially reversed. The euro was heavily sold after the European Central Bank's policy announcement on Thursday, but the pound sterling held close to its October high against the euro on Friday. However, the most recent forecast review from Rabobank implies that this rebound may already be on borrowed time. EUR/GBP Price Chart GBP/USD remained near weeks highs The market is reflecting mixed signals for this currency pair. After the Federal Reserve's (Fed) preferred gauge of inflation fell short of expectations and did nothing to convince the market to start bidding again for the greenback ahead of next Wednesday's interest rate decision, the Pound to Dollar exchange rate stayed robust near the week's highs. Since the Fed prefers PCE price indices as an indicator of inflation, it might be significant to Federal Open Market Committee members next week since the Core PCE price index increased at an annualized rate of 5.1% last month rather than the 5.2% experts had predicted. GBP/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
ECB press conference brings more fog than clarity

Elon Musk Closes Twitter Deal, Apple Reported Record Revenue, ECB May Turn Dovish

Rebecca Duthie Rebecca Duthie 28.10.2022 16:32
Summary: Elon Musk has finalized his $44 billion plan to take Twitter private. Record revenue was announced from APPL. Investors have been persuaded that the ECB may make a dovish turn. Elon Musk Closes $44bn twitter deal After months of legal fighting between the richest man in the world and the social media site, Elon Musk, he has finalized his $44 billion plan to take Twitter private, putting an end to one of the most high-profile and dramatic buyout sagas in recent memory. The billionaire businessman removed Twitter's chief executive, Parag Agrawal, and chief financial officer, Ned Segal, as soon as he assumed control on Thursday night. According to one source, Sean Edgett, Twitter's general counsel, and Vijaya Gadde, the company's head of law, policy, and safety, were also fired. Musk had first agreed to purchase Twitter for $54.20 per share in April. A few months later, he filed a lawsuit against the San Francisco-based business to cancel the agreement, claiming that the platform had misled investors and regulators about false accounts and cyber security. In an effort to pressure the billionaire to complete the transaction, the social media business retaliated and countersued, setting up a contentious court dispute and discovery process. Musk declared he was prepared to purchase the business at the agreed-upon price provided the legal action was withdrawn just weeks before the two were scheduled to square off in a Delaware court over the matter. The sale was finalized the day before, according to a regulatory filing from the New York Stock Exchange on Friday morning, and stock trading had been halted in anticipation of Twitter's delisting on November 8. In an effort to create a "super app" that combines messaging, payments, and commerce, Musk has pledged to reduce Twitter's workforce and operating expenses while fostering product innovation. Elon Musk has completed his $44 billion deal for Twitter. The company's CEO and CFO were terminated and escorted out of headquarters https://t.co/nsktVzuCtn pic.twitter.com/SBWTIzqPnx — Reuters (@Reuters) October 28, 2022 Apple (APPL) reports record earnings On Thursday, Apple (AAPL) released financial results for the fourth quarter of its fiscal year. Record revenue was announced, but important categories including the iPhone and services fell short of analyst projections. Actual revenue was $90.15 billion compared to the estimated $88.64 billion, and EPS came in at $1.29 vs the anticipated $1.26. Although the Mac sales and revenue beats are positive, the iPhone and iPad numbers may worry investors. Apple has recently taken a beating amid rumors that the company is reducing the manufacturing of the Phone 14 Plus and as it navigates a challenging week for tech in general. Like most tech companies, Apple is experiencing foreign exchange challenges brought on by a strong dollar, which is reducing overall income. A hawkish Fed, persistent inflation, and a consumer downturn that has lowered expectations for the forthcoming holiday season are all exerting pressure on tech businesses like Apple. $AAPL shares remain steady after reporting record Q4 revenue.“The Apple results were mixed, they were relatively strong enough,” @juleshyman says. “But not enough to salvage the whole tech earnings season and reassure investors.” pic.twitter.com/92fYGKeYYT — Yahoo Finance (@YahooFinance) October 28, 2022 ECB could be turning more Dovish Investors have been persuaded that the European Central Bank is about to make a dovish turn because of what appear to be merely minor changes in tone from Christine Lagarde and the governing council she chairs. In a post-council meeting press conference, the ECB president acknowledged that the eurozone was likely headed for a recession, which had long been assumed by the majority of economists. The markets quickly interpreted this to mean that the region's rate-setters would scale back the pace of rate increases. Following Lagarde's news conference on Thursday afternoon, interest rates on government borrowing plunged, and by day's end, the euro had fallen below parity with the dollar, wiping off some of its previous gains. Investors broadly perceived such e statements as indicating that the ECB will decrease its next rate increase to 0.5 percentage points, and they now believe that by next September, borrowing prices will be a quarter-point lower than they believed prior to the ECB's announcement of its policy. ECB convinces markets it is about to turn more dovish https://t.co/rCLmZ0WPD0 — Financial Times (@FT) October 28, 2022 Sources: finance.yahoo.com, twitter.com, ft.com
EUR/USD Pair: The Bulls Might Remain Inclined To Be Back In Control

German QoQ, YoY Q3 GDP Beat Market Expectations

Rebecca Duthie Rebecca Duthie 28.10.2022 10:32
Summary: Q3 GDP for Europe's largest economy came in higher than expected. The German economy is now predicted to contract by 0.3% in 2023. The initial market reaction in the wake of the release of this data. German QoQ, YoY GDP figures Both the QoQ and YoY Q3 GDP for Europe's largest economy came in higher than expected, beating market expectations. The QoQ reading for German inflation in Q3 came in at 0.3%, beating the market forecast of 0.2%. Q3 YoY GDP, which was originally forecasted at 0.7%, came in at 1.1%. According to a prediction from the Ifo Institute in Munich, the German economy will decrease in 2023, primarily as a result of rising inflation eating away at private consumer spending. According to a statement released by the research firm on Monday, the biggest economy in Europe is now predicted to contract by 0.3% in 2023 rather than grow by an expected 1.6% in 2022. As energy suppliers raise prices to offset rising procurement costs brought on by decreasing Russian gas supplies, inflation is expected to increase to 9.3% in 2023, with the number peaking at about 11% in the first quarter in particular. Despite the GDP reading, which in theory should indicate bullish signals for the German economy, when compared to Ifo's previous prediction, the forecast is "much" lower. While inflation expectations were elevated by 6 percentage points, real GDP estimates were reduced by 4 percentage points. According to Ifo, the German economy will be primarily driven by manufacturing in the ensuing quarters as ongoing supply chain restrictions start to loosen as a result of slowing global growth. An increase in interest rates will also increase the cost of financing for enterprises in the construction industry, which will have an adverse effect on the sector as a whole. Initial market reaction The initial market reaction for the EUR/GBP currency pair saw the Euro weaken against the GBP, and the EUR/USD currency pair also weakened below parity, The DAX Index also dropped in the wake of the release of the GDP data. According to Ifo, the German economy won't "return to normal" until 2024, when growth will be 1.8% and inflation will be 2.5%. Ifo identified a number of risks to its prediction, including changes in energy prices, issues with the supply chain, and limitations on public life brought on by a projected rise in Covid-19 cases. Sources: investing.com
Hawkish Fed Minutes Spark US Market Decline to One-Month Lows on August 17, 2023

European Economy Likely To Be Under Pressure In The Wake Of ECB’s Interest Rate Decision (EUR/USD, EUR/GBP), CAD Suffered Losses This Week (GBP/CAD)

Rebecca Duthie Rebecca Duthie 27.10.2022 17:14
Summary: Fed representative speaks regarding the hazards of potential overtightening. EUR/GBP rose in the wake of ECB interest rate decision. On Thursday, the Canadian Dollar was still the second-best performing currency. European economy likely to experience pressure The market is reflecting mixed signals for this currency pair. The European economy will experience extra pressure from the ECB's interest rate decisions once they rise above this point because firms and families are already feeling the effects of the excessive increases in energy prices. The dollar index (DXY) also formed a double top as a result of comments made by Mary Daly of the Fed regarding the hazards of potential overtightening and the likely transition from 75 bps raises to 50 or 25 boosts in the future. As a result, the index is currently trading approximately 3.5% lower. EUR/USD Price Chart EUR/GBP rose in the wake of ECB interest rate decision The market is reflecting mixed signals for this currency pair. Thursday saw a rise in the exchange rate between the pound and the euro as the European Central Bank (ECB) announced another unusually substantial increase in interest rates and warned that the changing monetary policy settings could soon start to hurt the Eurozone economy. After the ECB increased all of its key interest rates by three quarters of a percentage point for the second time in a row and issued a warning that additional hikes would still be required in the months to come, the euro moved lower against other major peers, notably the pound. EUR/USD Price Chart CAD suffered significant losses Following the Bank of Canada (BoC) decision to decrease the rate at which it raises interest rates in October, which stunned the market and caused many forecasters to reevaluate their prognosis for the Loonie, the Canadian Dollar fell behind other major currencies during the following week. On Thursday, the Canadian Dollar was still the second-best performing currency in the G10 group for the year, but it had suffered significant losses this week against all other currencies save the U.S. Dollar as a result of Wednesday's interest rate decision. GBP/CAD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Agricultural Commodities Markets Are Going To Remain Sensitive To Developments In The Russia-Ukraine War

Platinum Futures, Gasoline Prices Are Declining, Wheat Futures Recovering From 5-week Lows

Rebecca Duthie Rebecca Duthie 27.10.2022 17:04
Summary: Chicago wheat futures were recovering from the five-week low. Gas prices are not far from where they were when Russia invaded Ukraine. Platinum prices have declined by 0.8% in 2022. Wheat futures demand prospects look dim In response to concerns over supply and a weaker dollar, Chicago wheat futures were recovering from the five-week low of $8.3 set on October 25. The Rosario grain exchange reduced its forecast for the 2022–23 harvest by 1.3 million tonnes to 13.7 million due to droughts in Argentina. In the interim, Ukrainian authorities said that strikes by Russia prevented Ukrainian ports from operating to their full capacity, which was reduced to 25%. The exporter will be able to ship wheat and free up much-needed silo storage space, the UN continued to express optimism regarding the expansion of the safe trade corridor for Ukrainian Black Sea ports. Demand indicators remained disappointing in the interim. The latest indication of weaker international demand came from data from the United States, which showed a 46% weekly fall in exports for the week ending October 21. Additionally, according to Chinese customs figures, 370 000 tonnes of wheat were imported in September, which is a 40% decrease from the same month last year. Wheat Futures Price Charts RBOB Gasoline prices are declining In advance of the midterm US elections, gas prices are declining, relieving pressure on Democrats who are dealing with high fuel prices in crucial swing states and elsewhere across the nation. Since its peak of more than $5 in June, the national average price for a gallon of gasoline has dropped by $1.25, prompting administration officials like White House Chief of Staff Ron Klain to draw attention to the drops. According to Biden officials who regularly review the data, the national average price is currently not far from where it was when Russia invaded Ukraine in late February. Officials from the Biden administration have nonetheless stated in closed-door conversations that the national average should be closer to $3.20. RBOB Gasoline Futures Price Chart Platinum Futures Since the start of 2022, the price of platinum has dropped by 7.67 USD/t oz., or 0.80%, according to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity. Platinum Futures Price Chart Sources: bloomberg.com, finance.yahoo.com, tradingeconomics.com
USD/JPY Reaching 130-135? It Seems It Maybe Not Impossible

Credit Suisse Q3 Earnings Missed Market Expectations Sparking Major In-house Changes

Rebecca Duthie Rebecca Duthie 27.10.2022 17:04
Summary: Credit Suisse will cut their investment bank. The company will go to the market to raise capital. Shares were trading at or near record lows. Credit Suisse Q3 Earnings spark major in-house changed In order to restore investor trust and finance a protracted reconfiguration that will result in the elimination of its investment bank and a 9,000-person reduction in headcount, Credit Suisse Group AG decided to turn to investors for a painful multibillion-dollar capital raise. The firm's ambitions to raise 4 billion francs ($4.1 billion) through a rights issue and the sale of shares to investors like the Saudi National Bank caused the stock to fall as much as 16%. By splitting up the advice and capital markets divisions and selling the majority of a trading company to a group headed by Apollo Global Management Inc., it virtually dismantled the investment bank. The actions represent an urgent attempt by Credit Suisse to regain credibility after a string of significant losses and managerial instability destroyed its reputation as one of the most prominent lenders in Europe. Ulrich Koerner, the bank's CEO, and Chairman Axel Lehmann are already being questioned about whether the biggest transformation in the institution's recent history is drastic enough and provides suffering shareholders with enough reward. “The new Credit Suisse will definitely be profitable from 2024 onwards,” Koerner said in an interview with Bloomberg Television’s Francine Lacqua. “We do not want to overpromise and underdeliver, we want to do it the other way around.” As investors processed combined expenses connected to the reorganization of around $6.6 billion and the dilution effect of the share sales, the shares dropped 12% at 1:06 PM in Zurich. With a potential ownership of up to 9.9%, the capital increase may make Saudi National Bank, which is supported by the country's major sovereign wealth fund, one of Credit Suisse's largest shareholders. Given that the shares were trading at or near record lows, bank executives had hoped to avoid raising capital, but after observing the outflow of assets and deposits from rich clients, they ultimately chose to do so in order to strengthen the bank's finances. The bank reported a net loss of 4.03 billion francs for the third quarter and stated that it anticipated a loss for the entire year. The company announced that it will begin cutting 2,700 positions from its employees in the fourth quarter and that by 2025, it expects to have reduced its employment by around 9,000, to 43,000. By that time, it also wants to cut the cost base by 15%, or 2.5 billion Swiss francs. According to analysts at Citigroup Inc., Credit Suisse's 2025 goal of a 6% return on tangible equity "appears to lack ambition." The restructure takes place as a result of third-quarter results that highlighted the difficulties ahead. Wealthy clientele left as the investment bank struggled on. The bank reported a quarterly loss of more than $4 billion, which included an impairment of deferred tax assets associated with the restructuring worth 3.7 billion francs. Through 2024, the transformation will cost an additional 2.9 billion francs. CS Price Chart Sources: finance.yahoo.com, bloomberg.com
Agriculture: Russia's Exit from Black Sea Grain Deal Impacts Grain Prices

USD GDP (QoQ) (Q3) Beat The Markets Expectations by 0.2%

Rebecca Duthie Rebecca Duthie 27.10.2022 14:38
Summary: Markets expected a 2.4% US Q3 GDP. Will the Fed continue its hawkish rhetoric? Market reactions in the wake of the GDP figure. US GDP hit its first positive figure in two quarters The market is expecting US GDP in the third quarter to rise from -0.6% (September release) to 2.4% in the October release. This is the first positive number in two quarters. The actual US Q3 GDP data came in at 2.6%, beating market expectations by 0.2%. The US GDP has beaten the 2.4% GDP value that was forecasted, thus the USD should be supported by this figure. With GDP being the broadest indicator of the economy and the primary indicator of the economy’s health, the US Dollar would benefit from beating the forecasted figure. The market will learn how recent rate hikes have affected the US economy in the third quarter from today's advanced look at US Q3 GDP. Any miss or beat of estimates will change the Fed's narrative regarding future rate hikes. A dismal Meta Platforms forecast is expected to weigh heavily on the tech-heavy Nasdaq as U.S. equities began in a mixed manner on Thursday, ahead of earnings from Apple (AAPL) and Amazon (AMZN) and the first estimate of third-quarter GDP domestic product. Effect on the markets The figures on weekly unemployment claims are also due at the same time and are anticipated to increase slightly from last week as the labor market begins to experience pressure. Hence, the initial market reaction in the wake of the release of the US GDP data is likely to be as a result of the combination of information being released by the United States on Thursday. A GDP figure that beats market expectations is bullish for the currency in question.The initial market reaction showed the movement of the EUR/USD decline, the NASDAQ rose slightly and GBP/USD currency pair weakened as the USD showed signs of strengthening. Sources: investing.com, dailyfx.com,
The EUR/USD Pair Maintains The Bullish Sentiment

ECB Interest Rate Decision Met Market Expectations At 75 Bps

Rebecca Duthie Rebecca Duthie 27.10.2022 14:31
Summary: Markets expected a 75bps increase from the ECB. ECB continues to follow hawkish rhetoric. Initial effect of the decision on the market. ECB interest rate decision re-instils market confidence The ECB decision was released today, and another 75bps increase was anticipated. The widely anticipated increase in the ECB's once-negative deposit rate to 1.25% on Thursday may favor the Euro at the expense of the Pound, the Dollar, and other currencies, according to some analysts. Although these statements and the ECB's other recent interest rate increases have not directly benefited the Euro, policymakers have emphasized in recent appearances that interest rates will need to rise further in the months ahead as double-digit inflation rates become more prevalent in the Eurozone. The ECB met market expectations by rising their interest rates by 75 basis points to 2.00% on Thursday. The ECB have reiterated their intentions to gain control over the soaring inflation rate. Effect of the decision on the market In recent trade, the Pound to Euro exchange rate defied gravity and reached levels close to one month highs. However, this week's recovery will be difficult unless the European Central Bank (ECB) interest rate decision on Thursday convinces the market to abandon its recently increased appetite for the single currency. They cited the UK economy's worsening outlook and risks related to Bank of England (BoE) interest rate policy, despite the fact that ECB policy is also relevant and the bank's interest rate guidance, balance sheet, and prospects for the Eurozone's economy will be more crucial for the pound sterling ahead of the weekend. The EUR/USD pair has already risen over parity and the downtrend from 2022, doing so with a respectable rally. The initial market reaction in the wake of the release of the ECB interest rate decision showed the EUR/USD strengthening and continuing the bullish market sentiment, the EUR/GBP weakened slightly followed by signs of strengthening, The FTSE 100 showed signs of declining. Sources: poundsterlinglive.com, dailyfx.com
This Week's Tesla Stock Split Could Be The Best Moment To Buy The Stock! Twitter Stock Price Plunged!

Credit Suisse To Raise 4bn CHF To Fund Restructure, Tesla Inc. Under Criminal Investigation, Trading Of TWTR Shares Will Be Paused

Rebecca Duthie Rebecca Duthie 27.10.2022 12:37
Summary: Credit Suisse is essentially dismantling the investment bank. EV with self-driving capabilities was involved in many accidents. Musk has until October 28 to complete his $44 billion acquisition of TWTR. Credit Suisse to restructure Credit Suisse Group AG announced a restructure that will result in a multibillion dollar capital raising, thousands of job cutbacks, and the separation of the investment bank, taking the most drastic moves yet to restore the firm. According to a statement released on Thursday, the company intends to raise 4 billion francs ($4.1 billion) by selling shares to investors, including the Saudi National Bank, and through a rights issue. By splitting up the advice and capital markets businesses and selling the majority of its SPG business to Apollo Global Management Inc. and Pacific Investment Management Co., it is essentially dismantling the investment bank. After a string of significant losses and managerial upheaval destroyed Credit Suisse's reputation as one of the most respected institutions in Europe, the makeover is an urgent effort to rebuild trust. Ulrich Koerner, the bank's chief executive officer, and Chairman Axel Lehmann, who were appointed as crisis managers, now have the difficult task of carrying out the largest restructuring in the bank's recent history while attempting to safeguard the wealth management division that will determine its future. Credit Suisse seeks billions from investors in make-or-break overhaul https://t.co/MSy4Q4h7fT pic.twitter.com/e9mg3eUByl — Reuters Business (@ReutersBiz) October 27, 2022 TSLA under criminal investigation The National Highway Traffic Safety Administration (NHTSA) released its initial wave of data on car crashes involving vehicles with autonomous driving systems in June of last year as part of its attempts to increase traffic safety while still encouraging innovation. It came out that a very well-liked electric car with self-driving capabilities was involved in a lot more accidents than was previously thought. Ten months of data were covered in the June report. It showed that when employing fully autonomous capabilities like Tesla's Autopilot, ADAS-equipped vehicles crashed 392 times, with Tesla vehicles accounting for 273 of those collisions. It represents around 70% of the cases. Given this context, it was logical but yet surprising to learn that the Department of Justice is looking into Tesla as part of a criminal investigation. The revelation that the Department of Justice is looking into Tesla as part of a criminal probe made sense given this backdrop, but it was nonetheless unexpected. The Justice Department is looking into possible customer misinformation regarding the functionality and security of the self-driving feature. For the mere reason that Tesla emphasizes in its own materials that the cars are not yet capable of completely autonomous driving, it might be challenging to make any form of claim against the company over excessive promises. Tesla is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves, three people familiar with the matter said https://t.co/HQh5rvn54u pic.twitter.com/oGo5ZKtWqT — Reuters Business (@ReutersBiz) October 27, 2022 Musk to acquire TWTR by October 28th According to the website of the New York Stock Exchange, trading in Twitter Inc. (TWTR) shares will be paused on Friday because entrepreneur Elon Musk has until October 28 to complete his $44 billion acquisition of the social media platform. Musk, the richest man in the world, visited Twitter's San Francisco offices on Wednesday and implied that he was the company's top executive by changing his profile bio to "Chief Twit." Reuters stated on Tuesday that Musk's attorneys had provided the necessary documentation for the finance pledge to equity investors Sequoia Capital, Binance, Qatar Investment Authority, and others. The closing of the transaction would put an end to Twitter's litigation. Twitter, together with the investors, now anticipate that the transaction will close at the agreed-upon price of $54.20 per share. On Wednesday, the NYSE saw the company's stock close at $53.35 per share. They were trading slightly below Musk's offer price in extended trading, up nearly 1% at $53.90. *TWITTER WILL BE DELISTED FROM THE NYSE ON FRIDAY AFTER MUSK COMPLETES DEAL$TWTR pic.twitter.com/jasBHEMrJp — Investing.com (@Investingcom) October 27, 2022 Sources: twitter.com, investing.com, reuters.com, finance.yahoo.com, thestreet.com
KGL's Strong Q1 Results Raise Earnings Forecasts, But Long-Term Concerns Linger

Harley Davidson (HOG) Q3 Earnings Were Better Than Expected

Rebecca Duthie Rebecca Duthie 26.10.2022 18:01
Summary: The third-quarter results for Harley-Davidson HOG beat expectations. Harley's goals and plans for enhancing operational performance are called Hardwire. Harley stock had lost roughly 2% of its value as of Wednesday's trade. Harley Davidson beat market expectations The third-quarter results for Harley-Davidson HOG +11.15% were better than expected. The business is advancing in optimizing its processes. On Wednesday, Harley (ticker: HOG) announced $1.78 in earnings per share on $1.65 billion in revenues. Wall Street anticipated sales of $1.37 billion and a share price of roughly $1.40. Operating profit margins increased to 20.6% from 14.9% in the third quarter of 2021 and 17% in the second quarter of 2022, respectively. “ Harley-Davidson delivered a strong third quarter with solid growth for both revenue and operating income, aligned to our Hardwire strategic initiatives,” said CEO Jochen Zeitz in the company’s news release. “We are reaffirming our outlook for the year, and as we approach our 120th anniversary that we will be celebrating in our hometown Milwaukee and around the world.” Harley's goals and plans for enhancing operational performance are called Hardwire. In 2022, Harley anticipates a 20% to 25% increase in operating profits. That suggests operational revenue of around $1 billion in 2022. Currently, Wall Street is simulating around $870 million. Harley has generated operating profit of roughly $900 million so far this year. There is now roughly $100 million left to spend in the fourth quarter. Wall Street presently forecasts an operating profit for the time period of roughly $32 million. Harley stock had lost roughly 2% of its value as of Wednesday's trade, less than the corresponding 19% loss of the S&P 500. Following earnings, options markets predict that shares will change by about 8%, either up or down. In response to the last four quarterly reports, shares have changed by about 7%, either up or down. Over that time, shares have increased four times and decreased once. HOG Price Chart Sources: finance.yahoo.com, barrons.com
Securing Battery Metal Supply Chains: Challenges and Opportunities Amid the Global Energy Transition

US WTI Crude Stockpiles Rising, Palladium Futures, Coffee Futures Approaching 1-year Lows

Rebecca Duthie Rebecca Duthie 26.10.2022 18:00
Summary: Market concerns about a worldwide recession persisted. Palladium prices have increased by 2.27% since the start of 2022. Coffee prices are driven down by a stronger dollar and an improving crop outlook. WTI Crude Oil futures falling Following a near 1% increase in the previous session, WTI oil futures on Wednesday dropped below $85 per barrel as an industry report indicated a significant build in US crude stockpiles and market concerns about a worldwide recession persisted. US crude stockpiles increased by approximately 4.5 million barrels last week, according to data from the American Petroleum Institute, greatly above forecasts for a boost of only over 200,000 barrels. Investors also were worrying about the possibility of a worldwide economic downturn, as this week's weak US data suggested that the recent, abrasive monetary tightening was already having an effect on the economy. As investors considered the OPEC+ plan to cut output by 2 million barrels from November as well as the impending European Union ban on Russian crude in December, oil prices stayed in a sideways trading range for the past five sessions. WTI Crude Oil Futures Price Chart Palladium Futures up overall in 2022 Increased 42.98 USD/t oz for palladium. Trading on a contract for difference (CFD) that tracks the benchmark market for this commodity indicates the price has increased by 2.27% since the start of 2022. Palladium Dec ‘22 Futures Price Chart Coffee futures weighed down by strong dollar Arabica coffee futures on ICE continued to decline, approaching lows not seen in more than a year, as a result of a stronger dollar and an improving crop outlook in top producer Brazil as a result of reports of plentiful rain that may have accelerated flowering for the crop of coffee that will be harvested in 2019. The most recent statistics revealed that on October 13th, ICE-certified arabica stocks reached a new 23-year low of 408,419 bags. Additionally, the largest consumer region in the globe, Europe, is concerned about the demand for coffee due to continued economic issues, according to investment bank Itau BBA. Coffee Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Hungary's Central Bank to Maintain Base Rate at 13%, Eyes on Effective Rate Amid Forint's Performance

ECB Interest Rate Decision Due Tomorrow (EUR/USD, EUR/GBP), BoC Cash Rate Boost Missed Market Expectations (GBP/CAD)

Rebecca Duthie Rebecca Duthie 26.10.2022 18:00
Summary: The euro has been steadily strengthening against the dollar over the past few weeks. The Pound has recovered from all of its post-budget losses. Pound to Canadian Dollar exchange rate rose to a four-month high. EUR/USD back above parity The market is reflecting bullish signals for this currency pair. The euro has been steadily strengthening against the dollar over the past few weeks as dovish wagers against the Fed have increased, supported by weaker natural gas prices and U.S. economic statistics. The ECB meeting tomorrow, when they will release their interest rate, will be the main event for the EUR this week. Although a 75 bps rate hike is presently priced in by the financial markets with about 93% certainty, the post-announcement press conference will be crucial for determining the short-term directional bias. Any hawkish slant that may be there in the ruling could put parity to another test. The euro increased by more than 5.3% from its yearly low, and a breach of the 2022 downtrend now raises the possibility of a greater rise in the coming days. However, the advance is now getting close to the first significant resistance barrier, which will be the first true test of the bulls' tenacity in this rebound from multi-decade lows. Prior to the European Central Bank's (ECB) interest rate announcement, these updated objectives and invalidation levels are what matter on the technical price charts for the EUR/USD. EUR/USD Price Chart Pound sterling slightly recovered The market is reflecting mixed market signals for this currency pair. The Pound has recovered from all of its post-budget losses, but some strategists believe it could still fall apart before the year is out. They have advised clients to sell Sterling against the Dollar after it rises back above 1.15 because there is potential for it to drop as low as 1.08 in the coming months. Following the parliamentary installation of former chancellor Rishi Sunak as prime minister, which ended the Conservative Party's leadership election, and as risk appetite seemed to increase on global markets, the pound gained versus a number of other currencies throughout the first half of the week. The problem for the pound is that none of this does anything to change the bleak picture for the UK economy, and risk appetite would quickly decline if the Fed confirmed next Wednesday that its hawkish policy position will not change. EUR/GBP Price Chart BoC boosted cash rate The Bank of Canada (BoC) boosted its cash rate less than economists and markets had anticipated for October, but it nonetheless issued a warning that additional interest rate hikes are likely in the months ahead. As a result, the Pound to Canadian Dollar exchange rate rose to a four-month high. In light of downgrades from prior expectations of 3.5% and 1.75%, respectively, the BoC revised its forecasts for Canadian GDP growth, which is now estimated to come in around 3.25% this year before slipping below 1% next year. The projection for 2024 remained at 2%. The annual consumer price index inflation rate is anticipated to decline back to 3% by the end of next year before reverting to the 2% objective by the end of 2024, according to the BoC's inflation estimates, which have remained virtually unaltered. GBP/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Declines At The Close Of The New York Stock Exchange, The Drop Leaders Were Nike Inc Shares

NASDAQ Futures Down More Than 1.5%, Xi Jinping Pushes Out Youth League Members From Politburo, Spotify Users Up 20% YoY

Rebecca Duthie Rebecca Duthie 26.10.2022 12:15
Summary: NASDAQ weighed down by poor MSFT & GOOGL earnings. Xi's years-long campaign to destroy the faction was successful. Spotify surpassed expectations in terms of both paid and free user growth. NASDAQ down more than 1.5% on Tuesday On Wednesday, Nasdaq futures dropped more than 1% after poor financial statements from tech titans Alphabet (NASDAQ:GOOGL) and Microsoft prompted losses at other megacap firms and fueled concerns about slowing economic growth. While Alphabet, the parent company of Google, reported disappointing ad sales and warned of a slowdown in advertising expenditure, Microsoft Corp (NASDAQ:MSFT) reported its lowest sales growth in five years and anticipated second-quarter revenue below Wall Street estimates. In premarket trade, the businesses' shares plummeted 5.7% and 6.0%, respectively, while those of Apple (NASDAQ:AAPL) and Amazon.com (NASDAQ:AMZN), who are expected to release earnings this week, dropped 3.7% and 0.6%. The disappointing results come after Snap Inc. (NYSE:SNAP) issued a warning last week over sluggish ad demand and a string of mixed earnings reports, which have added to concerns that the economy is being negatively impacted by decades-high inflation and ad-hoc interest rate hikes to combat it. ⚠️BREAKING:*NASDAQ 100 FUTURES TUMBLE 1.8% AS GOOGLE, MICROSOFT SINK AFTER EARNINGS$QQQ $GOOGL $MSFT pic.twitter.com/2rd4B4bJjP — Investing.com (@Investingcom) October 26, 2022 China’s new president pushes out youth league members The three most notable absences from China's new Communist Party leadership have one thing in common: they all rose through the ranks of the Youth League and were regarded as representatives of a once-dominant clique, whose influence Xi Jinping has now successfully quashed. Even the larger Central Committee was bypassed as Xi installed supporters in key party positions during the recent twice-a-decade leadership reshuffle. Premier Li Keqiang and Vice Premier Wang Yang, both 67 and young enough to be re-appointed to the elite seven-member Politburo Standing Committee, were left out. Hu Chunhua, a fellow vice premier and former high flyer who, at 59, had been considered a prospect for premier and, at one point, even a potential future president, failed to make it to the 24-man Politburo. Analysts said the omissions demonstrate Xi's years-long campaign to destroy the faction was successful. China's Xi deals knockout blow to once-powerful Youth League faction https://t.co/g47pd77mil pic.twitter.com/uqSDoVgG2g — Reuters (@Reuters) October 26, 2022 Spotify up 20% on Users Spotify surpassed expectations in terms of both paid and free user growth in the third quarter, pointing to the region's strength in particular. A net addition of 23 million members, or 20% more than Spotify's previous projection, brought the total number of monthly active users (MAUs) to 456 million, which is the company's highest Q3 growth to date. The number of Spotify Premium subscribers increased to 195 million, up 7 million during the time (about 1 million more than expected) and 13% annually. Ek stated on the earnings call that Spotify is considering increasing the cost of its U.S. subscription plans in response to price increases by YouTube Premium and Apple Music. “[I]t’s something we will [discuss] with our label partners,” he said. “I feel good about this upcoming year, and what it means about pricing for our service.” Spotify (SPOT) reported a quarterly loss of $0.99 per share vs the $0.88 loss that the Zacks Consensus Estimate had predicted. This contrasts with a loss of $0.48 per share in the prior year. These numbers have non-recurring expenses taken into account. This quarterly report shows a -12.50% profits surprise. This music streaming service operator surprised analysts by posting a loss of $0.91 per share during the most recent quarter when it was anticipated that it would lose $0.68, a difference of -33.82%. The management's remarks on the earnings call will be largely responsible for determining if the stock's current price movement based on previously revealed numbers and anticipated future earnings can be sustained. Compared to the S&P 500's -20.3% decrease since the start of the year, Spotify share prices have fallen by around 59.6%. Spotify reaches 456M total monthly users in Q3, up 20% YoY and topping expectations https://t.co/vRe14ATA7s via @Variety CEO also said subscribers can expect price hikes for the service sometime in 2023. $SPOT shares are down 5% in after market trading. — Yahoo Finance (@YahooFinance) October 25, 2022 Sources: finance.yahoo.com, twitter.com, reuters.com, investing.com
Energy Companies Will Likely Reveal Another Excellent Quarter

General Electric (GE) Cash Goal Delayed In The Wake On Supply Chain Issues - According To CEO

Rebecca Duthie Rebecca Duthie 25.10.2022 18:45
Summary: GE is on pace to reach the low end of its projection due to "external pressures" like inflation. 27% increase in aerospace sales. General Electric (GE) Q3 Earnings The industrial group's cash flow rebounded in the second quarter thanks to GE's aerospace business, but the company issued a warning that its working capital would be put under strain as it protected its clients from the full effects of supply chain disruptions for the remainder of the year. After GE separated its healthcare and energy businesses, Larry Culp, the company's chief executive, said the group was adhering to its forecast that full-year adjusted profits per share would range between $2.80 to $3.50 per share. With the exception of cash, where delayed renewable energy orders and the anticipated losses to working capital would "push out," or postpone, around $1 billion in free cash flow to a later date, GE was on pace to reach the low end of its projection due to "external pressures" like inflation. Before Tuesday's release, analysts' consensus projections for full-year earnings had already decreased to $2.80 per share from $3.20 three months prior when GE issued a warning about the effects of lockdowns in China and the war in Ukraine. A 27% increase in aerospace sales drove a 5% increase in GE's top line, and adjusted revenues of $17.9 billion exceeded analysts' forecasts of $17.6 billion. As a result of supply chain delays, services revenues in the aerospace industry increased by 47% while commercial engine deliveries decreased. According to GE, its strategy to divide into three publicly traded firms by 2024 with a focus on healthcare, energy, and aviation is still on track. As it advanced toward the three-way split, it claimed on Tuesday that it incurred "separation costs" of roughly $200 million in the second quarter. Culp said he was still optimistic that the plan will increase GE's worth in the long term when he made his remarks the same day that 3M revealed intentions to separate its own healthcare division. This month, GE made the following announcements: its healthcare division would be spun off early next year under the name GE HealthCare; its energy division would be rebranded as GE Vernova when it goes public in 2024; and Culp would oversee the remaining aviation division, which will be known as GE Aerospace. According to GE, the effects of inflation pressures would result in $3 billion in healthcare earnings for the entire year. It further stated that it no longer anticipated a "step up" in earnings at its renewable energy company in the second half of the year, blaming "paralysis in Washington" for a failure to meet expectations for the onshore wind turbine market.
Solid Wage Growth in Poland Signals Improving Labor Market Conditions

ECB Expected To Raise Interest Rates By 75bps (EUR/USD), Rishi Sunak Becomes Next U.K Prime Minister (GBP/AUD, EUR/GBP)

Rebecca Duthie Rebecca Duthie 25.10.2022 18:44
Summary: The European Central Bank is predicted to boost rates by 75 basis points. Rishi Sunak warns of a difficult economic outlook ahead. USD retreated on Tuesday The market is reflecting bullish signals for this currency pair. In order to control the high inflation that was shown to be 9.9% year-over-year last week, the European Central Bank is predicted to boost rates by 75 basis points. A channel that dates back to February is putting a major barrier in the way of the EUR/USD. Since its creation, it has proven to be a very trustworthy structure, and until it is no longer useful, it will be the major reference. After the dollar reached its peak, equities appear to have bottomed out on the basis of CPI, and now bonds appear to have reached the end of their capitulation phase. This should temporarily deflate the dollar and place some of its energy into other assets. Since it is just being used as a recovery trade, there is a chance that it could collapse suddenly. EUR/USD Price Chart GBP lost early gains in wake of new prime minster The market is reflecting bearish signals for this currency pair. This week saw a solid start for the pound, but it was unable to continue its upward trend when former chancellor Rishi Sunak was named the next prime minister-designate after the Conservative Party leadership contest, which will have a major impact on the pound and the UK economy going forward. After former Prime Minister Boris Johnson withdrew from the race for the position of Prime Minister, leaving former Chancellor Rishi Sunak on course for a coronation that is expected to produce the UK's fifth Prime Minister in the past six years on Tuesday, sterling increased against most major currencies to start the new week. The Pound, however, quickly lost its early gains as newly-elected Prime Minister Rishi Sunak warned of impending economic hardship and difficult choices involving the public finances in a speech to parliament. The S&P Global PMI surveys that indicated a deepening recession in the UK's manufacturing and services sectors in October followed closely behind all of this. EUR/GBP Price Chart Tuesdays market was favorable for riskier assets A thicket of technical resistances that could keep Sterling contained below roughly the 1.8000 level in the coming days has slowed the recovery from the post-referendum lows plumbed in late September, despite the Pound to Australian Dollar exchange rate remaining close to six-month highs in recent trade. Tuesday's market was favorable for riskier assets, as sterling outperformed all other major currencies. However, the Pound to Australian Dollar rate was unable to move through a Fibonacci retracement level at 1.7962 on the charts and its 100-week moving average at 1.8047. GBP/AUD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
NGAS Prices Are Close To 7-Month Lows, Cotton Futures Touching December 2020 Lows, Gold Weighed Down By Inflationary Pressures

NGAS Prices Are Close To 7-Month Lows, Cotton Futures Touching December 2020 Lows, Gold Weighed Down By Inflationary Pressures

Rebecca Duthie Rebecca Duthie 25.10.2022 14:00
Summary: Prices have dropped about 60% in the past nine weeks. Persistent demand concerns and rising interest rates causing cotton to decline. Investors await further information on the direction of US Fed monetary tightening. NGAS rose during the 4th week of October On the assumption that LNG shipments would rise as a result of the conclusion of maintenance outages at plants like Berkshire Hathaway Energy, Cove Point LNG, and Freeport LNG, US natural gas futures were up in the fourth week of October. Nevertheless, due to projections of lower weather-driven demand, record domestic production levels, and decreased LNG exports that allowed utilities to inject more gas into storage, prices have dropped about 60% in the past nine weeks and are still very close to seven-month lows. Below Refinitiv's forecast on Friday, the average US gas demand, including exports, is anticipated to increase this week. In the meantime, Lower 48 US states have seen an increase in average gas production, rising to 99.5 bcfd so far in October from a record 99.4 bcfd in September. According to the EIA data, US utilities added more gas than anticipated (111 bcf) to storage last week, well exceeding the 91 bcf that was injected during the same week last year and the 73 bcf that was added on average over the previous five years (2017–2021). NGAS Nov ‘22 Futures Price Chart Cotton supply and demand prospects are falling Due to persistent demand concerns and rising interest rates, which strengthened the currency and reduced the appeal of commodities priced in US dollars, cotton futures fell to a level not seen since December 2020. On the supply side, however, an optimistic report from the US Department of Agriculture provided some support for the fiber. In light of the ongoing uncertainty on the extent to which unfavorable weather conditions, such as drought and heavy rain, may reduce output in top producer Texas and other states for the 2022–2023 season, the USDA has lowered its outlook for domestic supplies. Cotton Dec ‘22 Futures Price Chart Gold weighed down by inflation worries After swinging wildly in the previous two sessions, gold prices stabilized near $1,650 an ounce on Tuesday as investors carefully awaited further information on the direction of US Federal Reserve monetary tightening. Fed officials are likely to take into account a lesser increase in December amid worries about overtightening after delivering a widely anticipated 75 basis point rate boost in November, the WSJ reported on Friday. Such a view was bolstered by data showing that private sector activity in the US shrank for the fourth consecutive month in October, indicating that the economy is already feeling the effects of tighter financial conditions. Investors continued to be wary of inflation worries, which might trigger another surge in the currency and Treasury yields. Amid increased political and economic unpredictability throughout the world, markets also maintained a strong position in the dollar as a safe-haven asset and as an alternative to gold. Gold Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
In The Coming Days Will Be The Final Consolidation Of Bitcoin

Chinese Renminbi Hits Lowest Level In 15 Years, Transfer Of UK PM Status, EU Stocks Supported By Potentially Dovish Fed, Bitcoin Forecast

Rebecca Duthie Rebecca Duthie 25.10.2022 13:00
Summary: The value of China's currency has decreased 13% so far this year.  U.S. economy shrank for a fourth consecutive month.   Chancellor Rishi Sunak was named the next prime minister. Bitcoins new price objective set at $30,000. The Renminbi is crashing The value of the Chinese yuan against the dollar has fallen to its lowest level since 2007 as worries over President Xi Jinping's choice of a more hardline leadership team and the weakening economy moved from stock markets to currency markets. A growing interest rate disparity with the US has already hurt the renminbi this year; on Tuesday, it dropped as much as 0.6% to Rmb7.3084 per dollar. The People's Bank of China lowered the midpoint of the currency's trading band to its lowest level since the world financial crisis, which caused the decline.  The value of China's currency has decreased 13% so far this year. The decline on Tuesday came after a sell-off in Chinese stocks that affected markets around the world this week, with the Hang Seng China Enterprises index falling more than 7% on Monday and the Nasdaq Golden Dragons index of major technology stocks falling more than 14%. China’s renminbi has hit its weakest level against the dollar since 2007 following concerns over President Xi Jinping’s appointment of a harder line leadership team and a struggling economy https://t.co/F96TYsSrcE pic.twitter.com/8niDscsIu5 — Financial Times (@FinancialTimes) October 25, 2022 Rishi Sunak takes over from Truss This week saw a solid start for the pound, but it was unable to continue its upward trend when former chancellor Rishi Sunak was named the next prime minister-designate after the Conservative Party leadership contest, which will have a major impact on the pound and the UK economy going forward. After former Prime Minister Boris Johnson withdrew from the race for the position of Prime Minister, leaving former Chancellor Rishi Sunak on course for a coronation that is expected to produce the UK's fifth Prime Minister in the past six years on Tuesday, sterling increased against most major currencies to start the new week.  The Pound, however, quickly lost its early gains as newly-elected Prime Minister Rishi Sunak warned of impending economic hardship and difficult choices involving the public finances in a speech to parliament.  Follow the latest developments as Rishi Sunak takes over from Liz Truss as UK prime minister https://t.co/pEjylJrgRO — Bloomberg (@business) October 25, 2022 EU Stocks supported by potentially dovish fed While anxiety over China's economy continued to weigh on Asian markets, European stocks climbed in early trade on Tuesday as investors took heart from indications that the U.S. Federal Reserve could scale back its rate increases. Data released on Monday revealed that the U.S. economy shrank for a fourth consecutive month. This suggests that the Fed's rate hikes have weakened the economy, which in turn has fueled optimism that the central bank may start to moderate the pace of the increases.  The projected Fed rate peak has decreased slightly from over 5% early last week to around 4.93%. The European stock market's mood was also helped by certain profit results that exceeded forecasts, with Swiss bank UBS (UBSG.S) among those that did so. However, the biggest bank in Europe, HSBC, announced a 42% decline in third-quarter profit, which caused a 4% decline in its share price (.HSBA.L). European stocks up as investors see signs Fed could slow rate rises https://t.co/a5VwuwKWFZ pic.twitter.com/ONhjztqvLs — Reuters (@Reuters) October 25, 2022 Bitcoin Forecast revised upwards to $30,000 In the coming month, Bitcoin "will break out dramatically," with a price objective of $30,000.  Michal van de Poppe, the founder and CEO of the trading company Eight, made that most recent forecast. On October 25, Van de Poppe tweeted his support for the analysts who are predicting a rise in the price of bitcoin. BTC/USD is now characterized by a notable lack of volatility, but there are growing indications that the sideways trend is about to undergo a significant change.  Popular analyst TechDev and others have confirmed that Bitcoin's Bollinger Bands versus the Nasdaq are the tightest in history, which all but guarantees an explosive move to come. “Market looking good for a last leg up. Higher highs and higher lows on ltf and demand being moved up,” he tweeted.   Analyst puts Bitcoin price at $30K next month with breakout due - https://t.co/IKtVBdXcef — Investing.com News (@newsinvesting) October 25, 2022 Sources: twitter.com, cointelegraph.com, reuters.com, ft.com, investing.com, poundsterlinglive.com
The Markets Still Hope That The Fed May Consider Softer Decision

ECB Expected To Raise Interest Rates By 75bps On Thursday (EUR/USD, EUR/GBP), UK & US Have Conflicting Economic Outlooks (GBP/USD)

Rebecca Duthie Rebecca Duthie 24.10.2022 18:55
Summary: The ECB interest rate decision is unlikely to have much impact on the Euro. The markets Reaction to the ECB interest rate decision on Thursday, could be positive for the GBP. Sterling increased significantly from the market's opening. Global Eurozone PMI Composite Output Index decreased The market is reflecting bullish signals for this currency pair. According to the 'flash' figure, the seasonally adjusted S&P Global Eurozone PMI Composite Output Index decreased from 48.1 in September to 47.1 in October. The indicator indicated that business activity in the eurozone has fallen for a fourth time in a row. The most recent result was the lowest since April 2013 when pandemic numbers were excluded. A 75bp increase is already anticipated by the market for the meeting on Thursday, although it is unlikely to have much of an impact on the euro. The Eurozone's generally dismal outlook is unlikely to change as today's data strengthen recessionary fears. It is highly challenging to argue for a halt in rate increases as long as inflation stays high, with ECB Chief Economist Phillip Lane saying the bank views the neutral rate as being just above the 1-2% range. If Lane is right, more rate increases would be coming for the zone, which theoretically might hasten a recession. EUR/USD Price Chart GBP supported by Boris Johnson being turned away from PM The market is reflecting bullish signals for this currency pair. The Pound to Euro exchange rate started the new week on a positive note, but it might find it difficult to maintain Monday's gains far beyond the 1.15 level unless this Thursday's European Central Bank (ECB) decision causes the market to turn even further away from the euro. On Monday, the pound gained significantly from the opening price after a faction of the ruling Conservative Party was successful in preventing former Prime Minister Boris Johnson from taking part in the most recent process for choosing a new Prime Minister. The market's reaction to the European Central Bank's interest rate decision on Thursday, which is widely anticipated to increase its benchmark interest rate by three quarters of a percentage point for a second consecutive time, will likely have a significant impact on the Pound's performance this week. EUR/GBP Price Chart UK & US contrasting economic outlook The market is reflecting bearish signals for this currency pair. The pound to dollar exchange rate has experienced a recent surge and may increase further in the near future, but it runs the risk of falling as the week progresses and attention shifts back to the increasingly contrasting economic outlooks of the UK and the US. After some members of the governing Conservative Party were successful in preventing former Prime Minister Boris Johnson from taking part in the most recent selection process for the position of Prime Minister, sterling increased significantly from the market's opening, including versus the dollar. GBP/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
The Special Edition Of The Saxo Market Call Podcast: The Wild Year Of 2022 For Commodities And What May Be In Store In 2023

Silver Rising Amidst Expectations Of A Dovish Fed, Recession Fears Keeping Brent Crude Oil Low, Corn Futures

Rebecca Duthie Rebecca Duthie 24.10.2022 15:00
Summary: Fed members were growing anxious around rate hikes continuing at the current rate. Investors are becoming more concerned about a worsening economic forecast. Corn has gained 14.98% in 2022. Silver futures rising The price of spot silver was $19.2 per ounce, which is still near to the two-week high of $19.4 per ounce reached on October 21 amid expectations that the Federal Reserve would pause in raising interest rates. According to reports, Fed members were growing more anxious that, should rate hikes continue at the current rate, the central bank might be unduly aggressive, halting the dollar's rally and boosting demand for gold. However, the central bank is anticipated to increase its funds rate by 75 basis points for the fourth time in a row next week. Even though bullion investments are frequently employed as an inflation hedge, holding non-interest-bearing assets becomes more costly as interest rates rise. Silver Dec ‘22 Futures Price Chart Brent Crude Oil remains low amidst recession fears On Monday, concerns over a projected worldwide recession-driven decline in demand kept the price of Brent crude futures below the $92 per barrel barrier. Investors are becoming more concerned about a worsening economic forecast in the face of escalating macro challenges, such as high inflation and tighter financial conditions. Furthermore, according to Chinese customs data, demand from the biggest crude importer in the world remained muted in September as a result of ongoing coronavirus-related limitations and export restrictions on fuel. Even still, amid growing rumors that the oil cartel will further interfere in markets to support prices, OPEC and its allies, including Russia, decided to cut production by 2 million barrels per day in November, the largest reduction since the start of the crisis. Concerns about a shortage of supplies were also heightened by a pending ban on Russian crude by the European Union. Brent Crude Oil Futures Price Chart Corn futures Trading on a contract for difference (CFD) that reflects the benchmark market for this commodity shows that corn has gained 88.85 USd/BU or 14.98% since the start of 2022. Corn Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
The release of Chinese GDP, Bank of Canada interest rate decision and more - InstaForex talks the following week (part I)

Broad China Selloff Drags Down Alibaba, European Gas Prices Down, Goldman Sachs Aim To Increase Investment In China, Race For Next U.K PM

Rebecca Duthie Rebecca Duthie 24.10.2022 13:40
Summary: Alibaba stock tanks on Monday. Warmer weather prospects driving NGAS down. Goldman Sachs has established a new joint venture in China. Rishi Sunak on track to become the next U.K Prime Minister. Markets reacted to President Xi Jinping’s re-election As markets reacted to President Xi Jinping consolidating power following his historic confirmation to a third term as head of the second-largest economy in the world, shares of Chinese corporations were falling on Monday. Alibaba (ticker: BABA) lost 12% in premarket trade in the United States. Investors are spooked by President Xi Jinping's increasing control over China's ruling party as he begins a record-setting third term with no apparent successor. In addition, the 14th edition of the 11.11 Global Shopping Festival ("11.11" or "Festival"), which will feature more than 290,000 brands, was formally launched today by Alibaba Group Holding Limited. ⚠️BREAKING:*ALIBABA STOCK PLUNGES 11% IN HONG KONG AMID BROAD CHINA SELLOFF$BABA 🇨🇳🇭🇰 pic.twitter.com/qd0XErYE4B — Investing.com (@Investingcom) October 24, 2022 European gas prices fall as supply prospects improve Following predictions of warmer-than-usual weather for the majority of the continent over the coming week, European natural gas futures fell once again during the opening hours of trading on Monday. Weather predictions that continental Europe will see temperatures this week that are between 4 and 8 degrees Celsius warmer than the seasonal norm, predicting reduced demand and enabling importers to continue injecting excess gas into storage, served as the primary impetus for the decision. ​​In order to relieve the pressure brought on by Russia's effective supply suspension, Europe has been able to fill its storage facilities ahead of schedule thanks to a mild start to the winter heating season and aggressive buying of liquefied natural gas on spot markets. EU storage facilities were 93.4% full as of Sunday, with the two largest markets on the continent, Germany and Italy, posting even higher levels. ⚠️BREAKING:*EUROPEAN GAS PRICES TUMBLE TO LOWEST SINCE JULY ON EASING SUPPLY FEARS 🇪🇺🇪🇺 pic.twitter.com/nGg49xSG1T — Investing.com (@Investingcom) October 24, 2022 Goldman Sachs’ new joint venture In an effort to increase investment in Chinese logistics and infrastructure real estate assets, Goldman Sachs has established a joint venture in China with local logistics firm Sunjade, the U.S. bank announced on Monday. According to a company release, the bank is creating the new subsidiary through its investment arm Goldman Sachs Asset Management, which has made more than $50 billion in real estate-related investments worldwide. The stock structure or the amount of money committed to the platform were not disclosed. The joint venture has invested in a 240,000 square meter project with four institutional-grade warehouse assets in Shanghai and the surrounding region. The joint venture focuses on projects in China's first-tier cities and neighboring areas. The new platform, according to the U.S. bank, will profit from China's growing demand for brand-new, high-quality infrastructure assets, particularly institutional-quality storage space driven by e-commerce and the diversification of industrial requirements supported by government policies. Goldman Sachs launches Chinese infrastructure real estate joint venture https://t.co/HdGJm9ExlH pic.twitter.com/mmj53hkACz — Reuters Business (@ReutersBiz) October 24, 2022 Rishi Sunak on track to be next U.K PM After Boris Johnson withdrew from the race on Sunday night and the markets breathed a sigh of relief, Rishi Sunak, a former chancellor, was on track to become the new prime minister of Britain on Monday. After the likelihood of further imminent political and economic unrest decreased, the value of the pound increased on Monday. Johnson, who was having trouble gaining support, acknowledged that due to divisions among Tory MPs, even if he had won, he could not have governed "effectively." If Penny Mordaunt, the leader of the Commons and his sole remaining competitor, is unable to secure the necessary 100 nominations from Tory MPs, Sunak will take over as the party's leader at 2 p.m. on Monday. Rishi Sunak’s priority should be to restore stability and the UK’s reputation https://t.co/WLKJCGg49X — Financial Times (@FT) October 24, 2022 Sources: finance.yahoo.com, ft.com, twitter.com
This Week's Tesla Stock Split Could Be The Best Moment To Buy The Stock! Twitter Stock Price Plunged!

Tesla Lowers Starting Price Of Selected EV Models

Rebecca Duthie Rebecca Duthie 24.10.2022 13:00
Summary: TSLA stock's six-month fall is sitting around 37.8%. Tesla is lowering the starting price of its Model 3 and Model Y, in China. China, the world's largest EV market, is still constrained by Beijing's "zero COvid" policy. Tesla car model price lowering For the first time this year, Tesla is lowering the starting price of its Model 3 and Model Y cars in China. After lowering pricing for the first time this year for cars built in China, Tesla (TSLA) shares continued to fall on Monday, indicating waning demand in the largest market in the world. Just days after its third quarter earnings report echoed the impact of rising production costs and showed narrowing profit margins for the most valuable automaker in the world, Tesla reduced the starting price of its Model 3 sedan by about 5.3% and cut the cost of its Model Y by 9%. Tesla has been increasing the costs of its American-made cars for much of the year. Tesla reported that due to an increase in input prices and expenses associated with the start-up of new plants in Austin and Berlin, gross automotive margins were 27.9%, a 600 basis point decrease from last year and unchanged from the amount achieved over the second quarter. The company also warned that as it "simplifies operations, reduces costs, and improves the experience of our consumers," full-year deliveries "may fall slightly short of its 50% growth target." In pre-market trading, Tesla shares were marked 3.5% lower to reflect an opening bell price of $207 per share, bringing the stock's six-month fall to about 37.8%. Following record quarterly sales of 343,830 vehicles, Tesla stated last week that revenues increased 56% from the previous year to $21.45 billion, falling short of analysts' expectations of a $21.96 billion total. Demand is anticipated to decline over the course of the year as countries in Europe and North America hold off on major purchases due to recession fears and the continued rise in energy prices, while China, the world's largest EV market, is still constrained by Beijing's "zero COvid" policy. TSLA Price Chart Sources: finance.yahoo.com, thestreet.com
Meta Is Cutting Discretionary Spendings And Extending Its Freeze On Hiring

SNAP Inc Share Price Weighed Down By Disappointing Q3 Earnings Results

Rebecca Duthie Rebecca Duthie 21.10.2022 19:56
Summary: SNAP may need to make even more job cuts. Summary of Snap's difficult quarter. Price of Snap fell by close to 30% on Friday. SNAP Inc Share Price down 30% One veteran tech analyst expressed concern that Snap (SNAP) may need to make even more job cuts than it had first anticipated due to the third quarter's steeper than anticipated decline in business. After the social media platform disclosed that third-quarter sales slowed for the fifth consecutive quarter, the price of Snap fell by close to 30% on Friday morning. Throughout the session, the company's shares dominated Yahoo Finance's "Trending Ticker" page. Snap said at the end of August that it would lay off 1,300 workers, or 20% of its staff. Despite the recent round of major layoffs, Snap continues to blame a slowdown in advertising and Apple's (AAPL) privacy rules for its executional blunders as third-quarter profitability lagged. The business also issued a warning that the fourth-quarter sales trends will deteriorate. Here is a summary of Snap's difficult quarter: Net Sales: $1.13 billion vs an anticipated $1.14 billion, 363 million versus an expected 358 million daily active users, $3.11 as opposed to the predicted $3.17 for average revenue per user Adjusted EPS: $0.08 vs a loss of $0.02 expected, Guidance: Fourth-quarter revenue growth was "flat." "Yes, I mean they do [have to cut expenses more]," Jefferies Analyst Brent Thill mentioned on Yahoo Finance Live. "They just restructured the company. They obviously are in the process of still reducing the workforce by 20%. They may have to go deeper." Shares of the photo-focused social media behemoth Snap (SNAP) are currently 30% down than their 52-week highs after it released poor third-quarter earnings. Additionally suffering from the stock shift are companies like Meta (META), Alphabet (GOOGL) (GOOG), Pinterest (PINS), and others. Some of these businesses are being helped by the fact that U.S. stocks are rising in the first part of Friday's session, but not Snap. SNAP Price Chart Sources: finance.yahoo.com, thestreet.com
The Commodities Feed: First US crude draw this year

Gold’s Rebound In The Wake Of Treasury Note Recovery, WTI Crude Oil Weighed Down By Potential Global Recession, Wheat Futures

Rebecca Duthie Rebecca Duthie 21.10.2022 19:46
Summary: Gold rebounded following the recovery for Treasury notes. WTI crude declines as recession potential increases. Wheat drops amidst prospects of positive negotiations between Russia & The Ukraine. Gold’s price rebound As hitting a three-week low of $1,620 earlier in the session, gold prices rebounded over $1,640 an ounce on Friday, following the recovery for Treasury notes after the dollar retreated from recent highs. The Wall Street Journal said that some Federal Reserve members were unsure about whether following through on the aggressively hawkish stance would result in overtightening, which increased demand for bullion. At its upcoming meeting in November, the US central bank is anticipated to increase its funds rate by 75 basis points for the fourth time in a row, intensifying its fight against rising inflation. The spike in the DXY increased the potential cost of storing non-interest-bearing metal, but gold prices are still not far from the 18-month low of $1,613 set on September 28. Prices for gold are predicted to end the week unchanged. Gold Dec ‘22 Futures Price Chart WTI Crude Oil weighed down by global recession potential WTI oil futures hit a low at $83 per barrel and are now headed for a weekly decline of over 1% as persistent concerns about a potential global recession-driven demand fall are offset by expectations for increased Chinese demand and OPEC+ supply cutbacks. Investors are becoming more concerned about a worsening economic forecast in the face of escalating macro challenges, such as high inflation and tighter financial conditions. Expectations of reducing coronavirus-induced limitations and an uptick in economic activity in top importer China put a floor under prices. Meanwhile, amid growing rumors that the oil cartel could further interfere in markets to support prices, OPEC and its allies, including Russia, agreed to cut production by 2 million barrels per day in November, the largest reduction since the start of the crisis. Concerns about a shortage of supplies were also heightened by a pending ban on Russian crude by the European Union. WTI Crude Dec ‘22 Futures Price Chart Wheat drops amidst prospects of positive negotiations between Russia & The Ukraine In the third week of October, Chicago wheat futures dropped and remained stable month, as success in negotiations for grain trade agreements with Ukraine allayed worries about a supply shortage. According to UN spokesman Dujarric, ongoing negotiations with Moscow over the expansion of the current agreement establishing a trade corridor for Black Sea ports have been positive and productive. This raises hopes that major exporter Ukraine will be able to ship wheat and free up much-needed silo storage space for the current harvest. According to the most recent World Agricultural Supply and Demand Estimates (WASDE), wheat exports will drop to a 50-year low as a result of low water levels along the Mississippi River slowing the shipments, and US domestic stocks have accumulated more than anticipated. Wheat Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
ECB's Tenth Consecutive Rate Hike: The Final Move in the Current Cycle

Rising Fed Fund Rates Offer US Dollar Support (EUR/USD), UK Retail Sales Data Came In Hotter Than Expected (EUR/GBP, GBP/JPY)

Rebecca Duthie Rebecca Duthie 21.10.2022 19:30
Summary: Rising Fed funds rate estimates have benefited the dollar. U.K retail sales data. JPY rallied on Friday. USD supported by hawkish fed The market is reflecting bullish signals for this currency pair. Throughout the past week, the EUR/USD pair has struggled to find any definitive direction, and this morning was no exception. As bulls and bears continue their conflict, the pair has stayed largely range bound because next week will bring a number of important data events. Since last week's US CPI reading, the pair had experienced a rally, but this week's return of the dollar bulls has stopped any effort at an upward rise. Rising Fed funds rate estimates have benefited the dollar, with markets now projecting a peak rate of roughly 5%, up from 4.75% last week. As a result of this as well as rising Treasury yields, investors have continued to view the dollar as their favorite haven, keeping it strong. EUR/USD Price Chart GBP struggles as UK Retail Data misses market expectations The market is reflecting bullish signals for this currency pair. After Office for National Statistics (ONS) statistics revealed that UK retail sales collapsed in September, the pound fell into the week's final session, effectively wiping out more than two years of gains made since the first coronavirus-inspired closure of the economy in 2020. When measured by the number of products purchased, retail expenditure declined by 1.4% in September. This was a far worse decline than the -0.5% consensus estimate and came along with a downward revision to the ONS estimate for August sales growth, which was restated as -1.7%. EUR/GBP Price Chart JPY rally supporting GBP The market is reflecting bullish signals for this currency pair. A stunning Japanese Yen surge that seemed to be the catalyst for a market-wide decline in Dollar exchange rates, which was then followed by rumors of direct involvement from the Tokyo government and Bank of Japan (BoJ). The Yen appreciated by over five huge figures versus the dollar, which had previously run roughshod over all other currencies, while the Pound Sterling, which had been mired in the red, saw a notable rally against it late on Friday. GBP/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
SEK: Riksbank's Impact on the Krona

SNAP Inc. Share Price Crashes 30%, BHP CEO Optimistic About China’s Economic Prospects, Fed’s Hawkishness

Rebecca Duthie Rebecca Duthie 21.10.2022 16:38
Summary: Snap’s Q3 earning results missed market expectations. BHP is optimistic about China's growth prospects. Fed remains hawkish in interest rate hiking cycle. SNAP stock crashing After another difficult quarter, the stock price for Snap is still declining. In pre-market trading on Friday, shares of the social networking platform fell 25% as third quarter sales showed a fifth consecutive quarterly slowdown. Additionally, profits were disappointing, as Snap continued to attribute the poor execution to a slowdown in advertising and changes to Apple's privacy policies. The business issued a warning that the fourth-quarter sales trends would deteriorate. Snap Inc. Q3 earnings missed market expectations. Average Revenue Per User: $3.11 vs. $3.17 forecast, Daily Active Users: 363 million vs. 358 million estimate, Adjusted EPS: $0.08 vs. projected loss of $0.02, Net Sales: $1.13 billion vs. $1.14 billion estimate Guidance: Fourth-quarter revenue growth was "flat." $SNAP shares are still struggling in pre-market today after a dismal Q3 report. The stock is down almost 30% in pre-market, surpassing analyst estimates of a 23% swing. https://t.co/RD3FDZrEAT pic.twitter.com/j1CF7GKcTH — Yahoo Finance Plus (@yfinanceplus) October 21, 2022   BHP CEO optimistic about future production CEO of BHP Group Mike Henry stated on Friday that despite uncertainty, he was "cautiously optimistic" about China's economic prospects. The leader of the largest listed mining firm in the world stated in a pre-recorded interview at the FT Mining Summit in London: "There is uncertainty in China, but in our judgment, China is still going to give a bit of stability or underpinning to global economic development over the next 12 months."   With more than 250 million tonnes mined in the fiscal year ending in June, BHP is a leading producer of iron ore, which is used to make steel used in the construction industry. According to Henry, the multinational mining corporation is now looking into ways to boost iron ore productivity above 300 million tonnes annually. BHP chief pledges ‘disciplined’ M&A stance despite bulging war chest https://t.co/qoBC6jukwA — Financial Times (@FT) October 21, 2022 Federal Reserve to remain hawkish In general, the US dollar is higher so far today as markets assess the week before the weekend. After soaring once further in the US session, Treasury rates across the curve are a few basis points higher in Asian trade. Today's 4.27% yield on the benchmark 10-year bond was the highest since 2008. ⚠️BREAKING:*FED SET TO RAISE RATES BY 0.75 POINT AND DEBATE SIZE OF FUTURE HIKES - WSJ$DIA $SPY $QQQ 🇺🇸 🇺🇸 pic.twitter.com/eWNuHX0skh — Investing.com (@Investingcom) October 21, 2022 Sources: finance.yahoo.com, twitter.com, dailyfx.com
Solid Wage Growth in Poland Signals Improving Labor Market Conditions

UK Retail Sales Data Missed Market Expectations, Coming In Hotter Than Expected

Rebecca Duthie Rebecca Duthie 21.10.2022 08:41
Summary: U.K Retails data came in hotter than expected. Consumer spending has largely decreased in the U.K. UK Retail Sales Data UK Retail Sales Data heavily missed market expectations on Friday, with YoY data coming in at -6.9% and market expectations that were originally set at -5.0%, and MoM data also missing market expectations, coming in at -1.4% with expectations originally set at -0.5%. The data from both YoY & MoM missed market expectations by a long way, indicating that the U.K economy had deteriorated throughout September more than the markets had expected. Retail Sales track changes in the total amount of retail sales that have been adjusted for inflation. It is the most important gauge of consumer spending, which dominates all other forms of economic activity. The lower than expected readings could be interpreted as bearish or negative, as consumers in the U.K heavily slowdown the spending as the looming recession becomes more real. Effect on the market It could be said that the retail sales help investors to gauge the health of an economy and the existence of inflationary pressures. Consumer spending makes up a large part of the U.Ks GDP, the figures that largely missed market expectations could be interpreted as the U.K economy heading into a recession. The market could expect that the Bank of England (BoE) will continue on their interest rate hiking cycle, and perhaps we could see the BoE turn even more hawkish in their fight against rising inflation. The initial market reaction for the GBP/USD currency pair saw the GBP weaken against the USD, the same goes for the EUR/GBP currency pair, which saw the EUR strengthen against the GBP initially. The FTSE 100 is up as of the release of the Retail Sales Data. Sources: finance.yahoo.com, poundsterlinglive.com, ft.com
ECB Policy Decision Next Week (EUR/USD), Liz Truss’ Letter Of Resignation Supporting GBP (EUR/GBP, GBP/USD)

ECB Policy Decision Next Week (EUR/USD), Liz Truss’ Letter Of Resignation Supporting GBP (EUR/GBP, GBP/USD)

Rebecca Duthie Rebecca Duthie 20.10.2022 16:42
Summary:The story of fighting inflation is once again being told as US Treasury yields rise.Pound had been trading higher versus the majority of the major currencies.Euro bullish against USDThe market is reflecting bullish signals for this currency pair. The story of fighting inflation is once again being told as US Treasury yields rise. The yields on the carefully watched 2- and 10-year USTs are at 4.59% and 4.165%, respectively, the highest levels in around 15 years. Recent remarks from Fed officials confirm that, in the ongoing battle against intense price pressures in the US, the central bank will increase rates further and for a longer period of time if necessary. Later in the session, four Fed officials—Harker, Jefferson, Cook, and Bowman—speak and are likely to reiterate recent Fed rhetoric.The European Central Bank (ECB), which will announce its most recent policy decision the following week, is expected to raise rates by 75 basis points. The ECB is scheduled to raise rates further over the upcoming months, providing the single currency with some support as Europe continues to struggle with headline inflation that is close to double digits. EUR/USD Price ChartGBP supported in the wake of Liz Truss ResignationThe market is reflecting mixed signals for this currency pair. The reported departure of Prime Minister Lizz Truss, which will be followed by an unspecified procedure to choose her replacement, caused an earlier Dollar-induced gain to temporarily stall. This caused volatility in the Pound Sterling exchange rates throughout Thursday trade. Near the North American Open on Thursday, Prime Minister Lizz Truss made the announcement that she would continue in office for a week while steps were taken to select who would succeed her as leader of the ruling Conservative Party and in 10 Downing Street.This occurs toward the end of a month-long uprising against the recently elected Prime Minister, which was ostensibly led by former ministers who were not involved in the decision-making process for the new cabinet or the decisive stage of the most recent party process. Prior to the news, the pound had been trading higher versus the majority of the major currencies after yo-yoing during the session between the top and bottom of the major currency league table. EUR/GBP Price ChartFed remains hawkishThe market is reflecting bearish signals for this currency pair. According to James Bullard of the Fed, a 75 basis point increase at their November meeting was plausible, and a similar increase at their December meeting is anticipated. Charles Evans, another member of the board, expressed hawkish views, albeit to a lesser extent, when he claimed that the Fed was prepared for a variety of circumstances. According to US Vice President Joe Biden, corporations that produce energy should forgo dividend payments and share repurchases. He suggested that they concentrate on raising production instead.Liz Truss, the prime minister of the UK, has announced her resignation, claiming she is unable to carry out the mandate she was elected on. Within the following week, the Conservative Party will hold its leadership contest, and Ms. Truss will continue serving as prime minister until her replacement is chosen. GBP/USD Price ChartSources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
This Week's Tesla Stock Split Could Be The Best Moment To Buy The Stock! Twitter Stock Price Plunged!

Tesla (TSLA) Stock Price Dropped Around 5.77% In Pre-Market Trading

Rebecca Duthie Rebecca Duthie 20.10.2022 15:23
Summary: Concerns that inflation & logistic difficulties may have slowed the EV manufacturer's development. Tesla fell short of automotive gross margin estimates. Tesla share prices down Tesla Inc. shares dropped by roughly 5% in pre-bell trading on Thursday as Wall Street analysts worried that growing inflation and logistical difficulties may have slowed the electric vehicle manufacturer's development. At least five brokerages reduced their price targets for the stock, with Wedbush Securities making the greatest reduction of $60 to lower its goal to $300 and citing softer deliveries in 2022. "The bullish narrative is clearly hitting a rough patch as Tesla must now prove again to the Street that the robust growth story is running into a myriad of logistics issues as opposed to demand softening," Wedbush analyst Daniel Ives wrote in a note. In premarket trade, the stock, which has lost 37% of its value this year, dropped 4.6% to $211.80. The company warned that difficulties it was having with logistics could prevent it from meeting its goal of a 50% increase in delivery volume this year in its quarterly results report. Elon Musk, the CEO of Tesla, acknowledged that "demand is slightly harder" than it would otherwise be on a post-earnings call, but he reiterated that the business was quite optimistic in having a record fourth quarter. Tesla fell short of automotive gross margin estimates despite increased selling prices for its vehicles due to manufacturing ramp-up costs at its new factories in Austin, Texas, and Berlin, Germany. However, other analysts believe Tesla will benefit greatly from the global transition toward electric automobiles. Elon Musk, Tesla's CEO, noted that demand was high while discussing the company's third-quarter profits. He did, however, issue a warning that deflationary tendencies in the economy were intensifying and that China and Europe were going through "a form of recession." TSLA Price Chart Sources: finance.yahoo.com, ft.com
Australia Is Expected To Produce A Bumper Year Of Crops

Platinum Futures, RBOB Gasoline Prices Remain Stubbornly High, Wheat Futures Touch 1-month Lows

Rebecca Duthie Rebecca Duthie 20.10.2022 12:53
Summary: Platinum futures prices down 7.45% in 2022. 3rd week of October saw 1-month lows for Wheat. RBOB Gasoline prices are higher than it was for at least nine of the previous election cycles. Platinum futures dropped in 2022 Since the start of 2022, platinum prices have dropped by 71.71 USD/t oz., or 7.45%, according to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity. Platinum Jan ‘23 Futures Price Chart Wheat facing supply shortages Chicago wheat futures dropped in the third week of October, lingering at levels not seen in a month, as the prospect of a supply shortage was allayed by progress in negotiations for grain trading agreements with the Ukraine. According to UN spokesman Dujarric, ongoing negotiations with Moscow over the expansion of the current agreement establishing a trade corridor for Black Sea ports have been positive and productive. This raises hopes that major exporter Ukraine will be able to ship wheat and free up much-needed silo storage space for the current harvest. According to the most recent World Agricultural Supply and Demand Estimates (WASDE), wheat exports will drop to a 50-year low as a result of low water levels along the Mississippi River slowing the shipments, and US domestic stocks have accumulated more than anticipated. Wheat Dec ‘22 Futures Price Chart RBOB Gasoline remain stubbornly high Just three weeks out from the midterm elections, US pump prices are still stubbornly high, and the states suffering the most are those that will decide which party will control Congress. The most prominent inflation warning in America is the pump price, which is displayed on street corners around the nation. According to AAA data, the price of petrol was $3.88 per gallon during the first half of October, which is higher than it was for at least nine of the previous election cycles. RBOB Gasoline Nov ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
ECB Likely To Remain Hawkish (EUR/USD), U.K CPI Inflation Returns To Double Digits (EUR/GBP), BoJ Unbothered By Weak Yen (USD/JPY)

ECB Likely To Remain Hawkish (EUR/USD), U.K CPI Inflation Returns To Double Digits (EUR/GBP), BoJ Unbothered By Weak Yen (USD/JPY)

Rebecca Duthie Rebecca Duthie 19.10.2022 18:54
Summary: Eurozone CPI inflation missed double digits. UK inflation increased from 9.9% to 10.1%. USD/JPY has positive carry. Eurozone inflation beat market expectations The market is reflecting mixed signals for this currency pair. The data, which narrowly avoided the 10% inflation mark as compared to September of last year, would undoubtedly support the recent hawkish stance taken by senior ECB members. Centeno and Visco, two ECB members, will get the chance to comment on the most recent inflation data later today as ECB talk is expected to slow down before the required blackout period prior to Thursday's rate decision. There is a new significant market driver in town as the US is currently in earnings season. This will highlight a variety of subjective factors because what US company executives say can start to shape expectations for future quarters' results. The key question at this time is how the sudden and sharp spike in rates has affected businesses. EUR/USD Price Chart EUR/GBP limped temporarily The market is reflecting bullish signals for this currency pair. After Office for National Statistics data indicated that inflation increased more than anticipated in September, the Pound Sterling temporarily limped against the Dollar and the Euro. However, this outcome does little to deter the Bank of England (BoE) from raising interest rates aggressively in November. In September, UK inflation increased from 9.9% to 10.1%, defying the expectation of economists who had expected the annual rate of price growth to exceed 10% for the previous month. EUR/GBP Price Chart USD/JPY remains positive The market is reflecting mixed signals for this currency pair. The carry is still positive for the USD/JPY currency pair, and it will continue to be so as long as US interest rates are still rising and Japanese monetary policy is as it is. A weak Yen isn't all that awful for Japan, and it doesn't seem to be causing much concern at the central bank, according to BoJ Governor Kuroda. However, since the intervention was requested by the Ministry of Finance late last month, the same cannot be stated there. There is a new significant market driver in town as the US is currently in earnings season. This will highlight a variety of subjective factors because what US company executives say can start to shape expectations for future quarters' results. USD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Netflix (NFLX) Q3 Earnings Beat Market Expectations

Netflix (NFLX) Q3 Earnings Beat Market Expectations

Rebecca Duthie Rebecca Duthie 19.10.2022 18:02
Summary:Netflix shares increased 14%.Netflix also plans to take action against password sharing.Netflix Q3 Earnings summaryFollowing the company's announcement that it had surpassed Wall Street's expectations by adding 2.41 million members during the third quarter, shares increased 10%. According to Netflix officials, "despite a hard first half, we feel we're on a road to reaccelerate growth," with "satisfying members" being the key. Netflix identified the strong dollar as a challenge and projects that the rise of the dollar will reduce income for the entire year 2022 by up to $1 billion. Santosh Rao, Head of Research at Manhattan Venture Partners, said in an interview with Yahoo Finance that Netflix's robust subscriber growth figures show "everything is working" and that the company is now releasing the ad-supported tier from a "point of strength."“Thank God we’re done with shrinking quarters,” said Reed Hastings, chief executive, during a video call with investors. “We’re back to the positivity.”After the New York stock exchanges opened on Wednesday, shares of Netflix increased by more than 15%. The industry pioneer in video streaming reported a modest fall in net income, from $1.44 billion a year ago to $1.4 billion, shocking investors with its announcement in April that it had lost customers. Earnings per share decreased 2.8% to $3.10, beating Wall Street's forecast of $2.10 per share.Additionally, it issued a warning that the impact of the strong currency and macroeconomic headwinds like inflation would result in a decline in revenue and earnings in the fourth quarter. Hastings stated that the fourth-quarter forecast was reasonable, but not fantastic”, adding: “We’ve got to pick up the momentum.”In response to mature subscriber growth in key areas, the company has introduced two steps to maintain its business: a less expensive streaming service financed by advertising and an effort to prevent rampant password sharing.Early in 2019, Netflix also plans to take action against password sharing, a problem it had largely disregarded while seeing explosive subscriber growth. The business will give account holders the option to set up "subaccounts" for close relatives or friends who use one account as a base. NFLX Price ChartSources: ft.com, finance.yahoo.com
The Commodities: The EU Is Looking At A Price Cap Level Of Around US$60/bbl

WTI Crude Oil Recover Slightly From 2-week Lows, Palladium Futures Hitting 2-week Lows, Coffee Futures Hit 1-year Lows

Rebecca Duthie Rebecca Duthie 19.10.2022 14:32
Summary: Sanctions by the EU against Russian crude threatened to jeopardize the US's planned release of emergency oil stocks. Dollar index climbed back toward 20-year highs following a strong CPI reading. A stronger dollar and an improving crop forecast causing coffee futures to drop. WTI Crude Oil edged above 2 week lows As the latest sanctions by the European Union against Russian crude threatened to jeopardize the US's planned release of emergency oil stocks, WTI crude futures edged above $84 a barrel on Wednesday, recovering from two-week lows. Tankers transporting Russian crude beyond a predetermined price level would be subject to shipping restrictions from the EU, obliging shipowners to abide by the Group of Seven agreement to cap the price of Russian oil. In the meantime, it has been claimed that the US will release 15 million barrels of oil from its emergency supplies in order to lower the high cost of gasoline this winter. Following a White House charge that Saudi Arabia forced other countries to endorse the plan, Malaysia defended an OPEC+ decision to restrict oil production. It said the group “collectively took into consideration factors that include market fundamentals, particularly to address uncertainties in the global oil supply and demand situation.” WTI Crude Oil Futures Price Chart Palladium falls to lowest price in 2-weeks Palladium futures dropped to $2,070 per ounce, the lowest price in more than two weeks, as the dollar index climbed back toward 20-year highs following a strong CPI reading, which hit commodities. Despite rising interest rates and slower GDP, palladium prices are 30% lower than they were in March. It is anticipated that central banks would keep raising interest rates to keep inflation from soaring even when the economy is slowing. Furthermore, despite the price increase and supply chain disruptions, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet returned to its pre-pandemic levels. However, there is still a shortfall on the palladium market. Palladium Dec ‘22 Futures Price Chart Coffee extended losses to 1 year lows A stronger dollar and an improving crop forecast in top producer Brazil as a result of reports of ample rain that may encourage blooming for next year's coffee crop caused Arabica coffee futures on ICE to extend losses, levels not seen in almost a year. The most recent statistics revealed that on October 13th, ICE-certified arabica stocks reached a new 23-year low of 408,419 bags. Additionally, the world's largest consumer of coffee, Europe, has expressed concerns about the demand due to continued economic issues, according to investment bank Itau BBA. Coffee Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
The Markets Still Hope That The Fed May Consider Softer Decision

Eurozone CPI Inflation Came in Lower Than Expected

Rebecca Duthie Rebecca Duthie 19.10.2022 13:11
Summary:  Eurozone CPI inflation came in lower than expected. CPI inflation drops for the first time since May 2022. Initial market reactions. The Eurozone CPI inflation  The market had originally forecasted a CPI (YoY) inflation of 10% for the Eurozone, the actual figure came in at 9.9%, missing market expectations slightly. This could indicate to the market that the European Central Bank should continue its interest rate hiking cycle.  The falling inflation during September marks the first drop in Eurozone CPI inflation since May 2022. The falling inflation could provide the European Central Bank with an incentive to continue on their hawkish interest rate hiking path.  Effect of the CPI inflation data When the European Central Bank meets again at the end of the month, it is anticipated that it will boost its benchmark interest rates by an additional 75 basis points, adding to the total number of rises announced since July of 125 basis points. However, the Euro Area is predicted to "stagnate later in the year and in the first quarter of 2023," and the fear of a weakening economy may induce the central bank to implement lower rate increases over the following months. With the U.K. inflation figures, concerns that central bank tightening may cause a worldwide downturn have reemerged, reversing the previous upbeat feeling brought on by solid earnings reports and dissipating concerns about systemic risk from Britain's debt markets. The U.K’s hotter than expected inflation figure has also put pressure on the markets. In addition, the European economy has been weighed down by the conflict between Russia and the Ukraine, and the looming energy crisis. The Initial market reaction in the wake of the softer than expected CPI inflation data saw the Euro weaken against both the US Dollar and the Pound sterling. The initial market reaction saw both the HSBC shares and the iBEX index rise. Sources: finance.yahoo.com, marketsummary.com, ft.com, investing.com
TEST

Dow Jones Increased Overnight, GBP Could Rally If UK Leadership Changed

Rebecca Duthie Rebecca Duthie 19.10.2022 11:27
Summary: Dow Jones futures all increased overnight as investors focused on Netflix (NFLX). The near-term outlook for the pound has significantly improved. Dow Jones Index Rally The S&P 500, Nasdaq, and Dow Jones futures all increased overnight as investors focused on Netflix (NFLX) subscriber growth and anticipated Tesla earnings. The effort at a stock market rally extended advances on Tuesday, but the session ended well below highs. Although the market rise is still going strong, nothing yet has been proven. Investors should exercise caution and pay great attention. In Q3, Netflix's subscriber growth was substantially stronger than anticipated, and the leader in streaming TV is optimistic about Q4 subscribers. Earnings also exceeded expectations. The rise in Netflix's shares suggested a breakout. Overnight, Roku (ROKU) and Disney (DIS) both increased. In comparison to fair value, Dow Jones futures gained 0.6%, with DIS stock contributing a slight gain. Futures for the S&P 500 rose 0.7%. Futures for the Nasdaq 100 rose 1.4%. United Airlines and NFLX stock both make up the S&P 500 and Nasdaq 100. DJI Price Chart GBP could rally in the wake of UK leadership change The near-term outlook for the pound has significantly improved, according to foreign exchange strategists at BMO Capital, and more gains are possible if the UK leadership is changed in the next two weeks. They claim that such a development is very plausible. The call follows the dramatic about-face in UK fiscal policy that newly-installed Chancellor Jeremy Hunt revealed. In order to fully restore market confidence in the UK government and finances, Hunt undid all of his predecessor's tax cuts. This was followed by a decline in UK gilt yields and a rise in the value of the pound. The reversal was unavoidable given that the world markets recoiled at the generosity of the new prime minister Liz Truss' economic plans, which called for large tax cuts that would be paid for by borrowing.
GBP CPI Inflation (YoY) Came In Hotter Than Expectations - 19.10.2022

GBP CPI Inflation (YoY) Came In Hotter Than Expectations - 19.10.2022

Rebecca Duthie Rebecca Duthie 19.10.2022 11:27
Summary:GBP September 2022 YoY inflation, beat market expectations.Affect on the GBP.GBP CPI InflationThe market has predicted a CPI YoY inflation figure of 10%, the actual data came in at 10.1%, which was hotter than expected by the market.The inflation reading is likely to set off expectations on the future interest rate hiking path of the Bank of England (BoE). The higher than expected inflation reading is likely to set investor confidence in the direction of a continuing hawkish BoE interest rate hiking cycle, causing investor confidence in the GBP to increase and therefore strengthening the pound sterling currency.Following some fresh concern in the UK bond markets on Tuesday, the British Pound's impressive run came to an abrupt end. Following the Bank of England's forced denial that it would further delay its program of quantitative tightening, UK gilts declined and the yield they offered increased. This is the procedure through which it sells the gilts it acquired as part of its quantitative easing strategy back to the market. A crucial element of the Bank's strategy for normalizing monetary policy as it battles inflation is quantitative tightening. After the recent instability in the bond market, The Financial Times reported on Tuesday that the Bank was prepared to postpone the program.Effect of the CPI reading on the GBPIt is no secret that the pound sterling has had a tough year on the forex markets. The near-term outlook for the pound has significantly improved, according to foreign exchange strategists at BMO Capital, and more gains are possible if the UK leadership is changed in the next two weeks.The Kwarteng catastrophic "mini-budget" in September, which offered the largest tax cuts in 50 years at a time when the U.K. economy is already experiencing significant inflation, is blamed by the government for the turmoil the pound sterling is currently experiencing. The Bank of England had to step in to prevent the collapse of a significant portion of the U.K. pension system after Kwarteng's actions drove the pound to an all-time low against the dollar and set off a sell-off in government bonds.The initial market reaction showed a weakening in the GBP/USD currency pair, and a strengthening in the EUR/GBP currency pair as investors weigh GBP prospects.Sources: poundsterlinglive.com, investing.com
Crude Oil Drops As US Prepares To Release Stores Into Market

Crude Oil Drops As US Prepares To Release Stores Into Market

Rebecca Duthie Rebecca Duthie 18.10.2022 18:48
Summary:Likelihood of extra barrels being released from strategic reserves.Concerns about a tight market as the winter season approaches. Prices have decreased by approximately a third.Crude Oil DropsThe likelihood of extra barrels being released from strategic reserves helped to allay market concerns about a tight market as the winter season approaches. In yet another erratic session, West Texas Intermediate fell as much as 2.4% to trade under $84 per barrel. In order to increase supply, the US is working toward releasing more barrels from its strategic oil reserve. Crude continues to trade in the wide range it has been in for the past month, constantly moving in response to global market risk sentiment.In October's erratic trading of crude, the market was caught between two conflicting factors. Time spreads, important market strength indicators, are indicating tightness ahead of the start of OPEC+ output cuts in November, but adverse market factors like weak Chinese demand and aggressive central bank monetary policy continue to weigh on the market. Additionally, impending penalties from the European Union on Russia have caused several Indian refiners to stop making spot purchases of the nation's crude.Since early June, prices have decreased by approximately a third, wiping off all the gains achieved during Russia's invasion of Ukraine. The impending implementation of EU sanctions on Moscow's oil trading has prompted merchants and refiners to reserve storage tanks in anticipation of a supply shortage.According to persons familiar with the situation, the US is moving toward releasing another 10 million to 15 million barrels of oil from the country's emergency reserve in an effort to stabilize markets and prevent gasoline prices from rising higher. Separately, according to two of the sources, the Biden administration is still considering restrictions on gasoline exports. Crude Oil Price ChartSources: finance.yahoo.com
Solid Wage Growth in Poland Signals Improving Labor Market Conditions

ECB Seems To Have Limited Options (EUR/USD), Concerns In UK Bond Market (EUR/GBP), JPY Drops To 1990 Lows (USD/JPY)

Rebecca Duthie Rebecca Duthie 18.10.2022 15:31
Summary: Markets are betting on a 90% chance that ECB will enforce another 75bp hike. GBP's impressive run came to an abrupt end. JPY dropped to lows last seen in August 1990. ECB seems limited in their options The market is reflecting bullish signals for this currency pair. The European Central Bank (ECB)'s are limited in their options in light of the most recent CPI reading. The ECB's case for continuing to raise rates in pursuit of its 2% target may be strengthened by today's stronger ZEW statistics. The concern is that by doing this, the central bank could risk sending the economy back into a recession, which would be indicated by the dropping ZEW current conditions print. On the other hand, if the central bank does nothing, the euro may lose further ground to the dollar. The final CPI report on Wednesday and today's data print will be crucial as the ECB begins its pre-meeting blackout period on Thursday. As the central bank works to achieve its 2% target, markets are putting in a 90% chance that there will be another 75bp increase at the meeting next week. We will hear from ECB policymaker Isabel Schnabel later in the day. She is anticipated to maintain the rhetoric of rate increases despite the fragility of the Eurozone economies. EUR/USD Price Chart Concerns in UK bond markets The market is reflecting mixed sentiment for this currency pair. Following some fresh concern in the UK bond markets on Tuesday, the British Pound's impressive run came to an abrupt end. Following the Bank of England's forced denial that it would further delay its program of quantitative tightening, UK gilts declined and the yield they offered increased. After the recent instability in the bond market, The Financial Times reported on Tuesday that the Bank was prepared to postpone the program. After reaching a high of 1.1576 earlier in the day, the exchange rate between the British pound and the euro dropped to 1.1490. This brings the rates for bank transfers to around 1.1260 and the prices provided by payment specialists to around 1.1450. EUR/GBP Price Chart JPY continues to lose against the USD The market is reflecting bullish signals for this currency pair. Earlier in the session, the Japanese Yen dropped to lows last seen in August 1990 as it continues to lose value against the US dollar. Little has changed for the Yen as Japanese authorities appear ready to allow the currency to continue to decline by controlling bond yields. The yield on 10-year JGBs is restricted to 0.25%. In contrast, as the Fed keeps raising interest rates, US Treasury yields continue to trade at or close to multi-year highs. The benchmark 10-year UST is quoted with a yield of 4.00%, which is approximately 375 basis points higher than the comparable JGB. The rate-sensitive 2-year UST trades with a yield of about 4.45%. USD/JPY Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Central Banks' Rates Outlook: Fed Treads Cautiously, ECB Prepares for Hike

NGAS Futures Touch Lowest Level In 3 Months, Cotton Touching April Lows, US Dollar Retracts - Gold Supported

Rebecca Duthie Rebecca Duthie 18.10.2022 11:31
Summary: Natural gas futures fell by about 7% on Monday. UK's decision to rescind nearly all of its proposed tax cuts increased risk appetite. Persistent demand worries weighing on cotton. NGAS futures fall In response to record domestic production levels and weaker weather-driven demand, US natural gas futures fell by about 7% on Monday, to the lowest in three months. According to the most recent EIA data, US utilities added 125 billion cubic feet (bcf) of gas to storage last week, which is significantly more than typical and more than the market anticipated at 123 bcf. Due to the moderate weather and increased wind power, there were gains above 100 bcf for the fourth week in a row. According to Refinitiv, average gas production in the Lower 48 US states increased to a record 99.9 bcfd so far in October from a previous high of 99.4 bcfd in September. Reduced LNG shipments and a decline in demand brought on by Hurricane Ian's power outages also had an impact on gas prices. NGAS Futures Price Chart Gold futures stabilized On Tuesday, the price of gold stabilized around $1,650 an ounce, halting a recent decline as the dollar lost some gain following the UK's decision to rescind nearly all of its proposed tax cuts, which increased risk appetite in the market. The US Federal Reserve is expected to tighten more in order to reduce inflation, which has continued to put pressure on the price of metal. Recent data revealed that US year-ahead inflation expectations rose, supporting the argument for more rate increases combined with a hot inflation report from September. Despite ongoing inflationary pressures and growing chances of a worldwide recession, gold also continued to perform poorly as a safe-haven asset as investors fled to the dollar due to rising US interest rates. Gold Dec ‘22 Futures Price Chart Cotton touching April 2021 lows Cotton futures fell to a level last seen in April 2021 due to persistent demand worries, while rising interest rates strengthened the dollar and reduced demand for commodities priced in US dollars. On the supply side, however, an optimistic report from the US Department of Agriculture provided some support for the fiber. In light of the ongoing uncertainty on the extent to which unfavorable weather conditions, such as drought and heavy rain, may reduce output in top producer Texas and other states for the 2022–2023 season, the USDA has lowered its outlook for domestic supplies. Cotton Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Franc Records 11th Consecutive Daily Decline Against the Dollar as US Economic Concerns Mount

S&P 500 Rallies Ahead Of Q3 Earnings, GBP Supported By Revisions To UK Finances

Rebecca Duthie Rebecca Duthie 17.10.2022 23:27
Summary: The Treasury would conduct a review of the best strategies. S&P 500 up 2.65%. S&P 500 rallies ahead of Q3 earnings U.S. equities rose on Monday as investors gathered for a large week of corporate profits, helped by a batch of positive bank results and a reversal of tax reduction plans in the U.K. The sixth-largest bank in the nation by assets, Bank of America (BAC), was the last to announce profits on Monday. After the company announced trading revenue that exceeded Wall Street expectations, shares increased by more than 6%. Positive sentiment was also boosted by Bank of New York Mellon's (BK) and brokerage Charles Schwab's (SCHW) stronger-than-expected results. U.S. equities rose on Monday as investors gathered for a large week of corporate profits, helped by a batch of positive bank results and a reversal of tax reduction plans in the U.K. The swings on Monday follow a wild week on Wall Street, during which the S&P 500 had its fifth-largest intraday reversal from a record low on Thursday, despite consumer price data showing that inflation persisted in its inexorable march throughout the U.S. economy last month. Even yet, the benchmark index declined for the week. GSPC Price Chart Energy cap due to end in April After the UK government scrapped all of its tax-cutting proposals and announced that its program to help people pay their energy bills will now stop in April, the British pound continued to rise on Monday. The actions are a cornerstone of the incoming Chancellor Jeremy Hunt's strategy to win back market trust in the UK's finances. According to Hunt, the Treasury would receive an additional £32BN year from the rollback of tax cuts. Hunt added that the Treasury would conduct a review of the best strategies for shielding consumers and companies from rising gas and electricity prices. The major expenditure made by the new government, the Energy Price Guarantee, which now caps energy prices, will now expire in April. When the program was first announced, it was open-ended in nature, which made it challenging for markets to value the prospects for the UK's finances. Markets will be more certain about how the country's liabilities will change as a result of the programme's limitations. The government's message to the markets is unmistakable: it is totally committed to regaining credibility. Sources: finance.yahoo.com, poundsterlinglive.com
Federal Reserve Remains Hawkish (EUR/USD), Political Uncertainty In Westminster Circus (EUR/GBP, GBP/USD)

Federal Reserve Remains Hawkish (EUR/USD), Political Uncertainty In Westminster Circus (EUR/GBP, GBP/USD)

Rebecca Duthie Rebecca Duthie 17.10.2022 20:24
Summary: Fedspeak is back in the spotlight this week. EUR/GBP reached one-month highs last week. Fedspeak is back in the spotlight after strong CPI inflation The market is reflecting bearish signals for this currency pair. As markets process the strong CPI number from last week, Fedspeak is back in the spotlight this week. Given the lack of significant new data this week, market players will probably give Fed speech and corporate earnings more weight. Recent Federal Reserve speakers have kept up the "hawkish drum," with the majority seeing the lack of inflation progress as justification for continuing with aggressive rate hikes. Since recent remarks suggest the Fed is seeking some pain in both housing and employment in order to reduce inflation, the persistent tightness in the domestic labor market continues to be a talking topic for Federal Reserve officials. Chair Jerome Powell's hawkish comments at Jackson Hole, when Powell threw a warning shot across the financial markets' bow, abruptly shifted the atmosphere surrounding a soft landing. Market investors are still firm in their desire to price in a Fed policy reversal, but with inflation where it is, such a turnabout for the central bank is all but unthinkable. EUR/USD Price Chart EUR/GBP reached one month highs The market is reflecting bearish signals for this currency pair. The exchange rate between the pound and the euro reached one-month highs last week, but it may now find it difficult to rise much further in the days to come and even be at risk of new selling as the Westminster Circus once again devolves into the type of farce most typical of one of those vintage Carry On movies. With political instability and uncertainty once again at the top of the agenda, the pound surged strongly last week amid rumors that HM Treasury would withdraw some of the spending commitments made in the late-September budget. EUR/GBP Price Chart GBP/USD recovered slightly The market is reflecting bullish signals for this currency pair. The Pound to Dollar exchange rate has recently recovered significantly, but it may take a setback for the Dollar to advance further this week, in part because Sterling faces dangers related to the possibility of another Prime Minister in the Banana Republic of Westminster being booted from power. The news that HM Treasury would be able to postpone some of the spending promises made public in the late-September budget statement helped the value of the pound last week. However, political instability and uncertainty are once again at the forefront of this week's events. GBP/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Sustainability-Linked Products: Navigating Growth and Challenges for the Future

BP Plans To Purchase Biogas Manufacturer, Archea

Rebecca Duthie Rebecca Duthie 17.10.2022 18:06
Summary: BP’s largest-ever low-carbon energy acquisition. Archaea Energy would boost BP's biogas supply volumes by 50%. BP to benefit almost immediately from the purchase A US-listed biogas manufacturer will be purchased by BP for $4.1 billion, marking its largest-ever low-carbon energy acquisition as the UK oil company looks to hasten its transition to cleaner fuels. According to a statement released by BP on Monday, the planned acquisition of Houston-based Archaea Energy would boost BP's biogas supply volumes by 50% right away and offer a development pipeline of more than 80 projects with the potential to quadruple volumes by 2030. In order to create low-carbon fuel, Archaea processes organic waste from landfills and the agricultural sector. The company advertises itself as a top producer of renewable natural gas in the US. BP is paying $3.3 billion in cash, while Archaea has a net debt of about $800 million. Archaea, a company founded by the proprietors of a landfill in Pittsburgh, operates 50 landfill gas-to-energy and renewable natural gas facilities around the US, producing 6,000 barrels of oil equivalent each day. “Archaea is a fantastic fast-growing business, and BP will add distinctive value through our trading business and customer reach,” BP chief executive Bernard Looney said. The transaction is currently awaiting regulatory and shareholder clearance from Archaea. With a commitment to reduce BP's oil and gas production by 40% by 2030 while increasing investments in the development of more environmentally friendly energy sources, Looney is leading one of the most ambitious corporate transformations in the industry. According to BP, by 2025 and 2030, investments in its five transitional businesses—biofuels, convenience (forecourts and food), charging, renewables, and hydrogen—will account for 40% of all company spending. According to a recent estimate from Goldman Sachs, renewable natural gas now provides around 0.2% of the total supply, constituting a negligibly small portion of the US gas market as a whole. However, as businesses explore for ways to reduce their emissions, it is expanding quickly, and some governments, like California, offer large incentives for the projects. BP Price Chart Sources: finance.yahoo.com, ft.com
Oil trades around USD 100, gold edges higher

Silver Futures Weighed Down By Hawkish Fed, Brent Crude Oil Demand Outlook Weakened, Corn Futures

Rebecca Duthie Rebecca Duthie 17.10.2022 12:26
Summary: Demand for silver continues to weaken. Increasing macro headwinds have investors concerned about a deteriorating outlook for demand. Silver Futures dampened by hawkish fed Spot silver prices declined to below $19.3 an ounce in the second week of October, retreating significantly from the three-month high of $21.1 reached on October 4th and tracking the decline in US Treasury notes as expectations of an increasingly hawkish Federal Reserve continue to dampen demand for non-interest-bearing bullion investments. After the stronger-than-expected September jobs data and comments from Fed policymakers emphasizing the need to lower inflation, hopes that the US central bank could slow the pace of upcoming rate hikes were dashed. Members of the ECB board have also maintained that borrowing prices must be restricted since markets are currently underestimating inflation, which might last until 2025. Silver Dec ‘22 Futures Price Chart Brent Crude Oil futures As investors balanced a weaker prognosis for the global economy against tighter supply, Brent crude futures were trading around the $91 per barrel mark. Increasing macro headwinds, such as high inflation, tighter financial conditions, Russia's invasion of Ukraine, and the ongoing coronavirus outbreak, have investors concerned about a deteriorating outlook for demand. Any upward movement has also been constrained by the US Federal Reserve's active tightening drive against inflationary excess, a stronger dollar, and China's restrictions brought on by the Coronavirus. As OPEC and its allies, including Russia, decided to further reduce output before the European Union oil embargo, rising concerns about tighter global supplies acted as a floor beneath prices. Brent Crude Oil Futures Price Chart Corn Futures In the second week of October, Chicago corn futures remained close to the $6.9 per bushel level after the most recent World Agricultural Supply and Demand Estimates (WASDE) revealed reducing worldwide stockpiles. The USDA also predicted decreased exports and a tighter supply within the country. Iran, Japan, and Vietnam had their import predictions cut, while the EU and the US had theirs lifted. In other developments, it has been claimed that China is considering beginning to purchase corn from Brazil, bypassing US grain growers. Investors are concerned about the world's food supply this winter due to the ongoing unpredictability surrounding the Russo-Ukrainian War. The price of corn is still close to the three-month high ($7.0 per bushel) set on October 10. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
US CPI Inflation Offers USD Support (EUR/USD, GBP/USD), German CPI Inflation Met Expectations (EUR/GBP)

US CPI Inflation Offers USD Support (EUR/USD, GBP/USD), German CPI Inflation Met Expectations (EUR/GBP)

Rebecca Duthie Rebecca Duthie 13.10.2022 18:07
Summary:The Pound suffered significant losses against all other currencies.The ECB is still predicted to be hawkish.US CPI Inflation offered USDECB aware of lagging EurozoneThe market is reflecting mixed signals for this currency pair. Klaas Knot of the European Central Bank stated yesterday that because the euro zone is still lagging behind the US in terms of the anticipated terminal rate, it will need to increase into a restricted area. He continued by saying that a few more swift rate increases are required to merely enter neutral territory, with no signs that the target rate of 75 basis points could not be reached for the upcoming meeting. Such arguments support the EUR/USD ahead of today's critical CPI data. German CPI and HICP inflation figures (YoY) released earlier this morning exactly as expected, causing little market reaction in the EUR/USD. The November meeting is now valued at 70 basis points in the money markets. EUR/USD Price ChartGBP suffered significant losses on ThursdayThe market is reflecting bearish signals for this currency pair. In the midst of media speculation that Prime Minister Liz Truss may be about to exhibit the pragmatism that she is allegedly famed for in relation to September's budget-like expenditure measures, the pound sterling added to its substantial gains against all comparable currencies on Thursday. Following the declaration that resembled a budget in September, the pound suffered significant losses against all other currencies as well as for UK government bonds. EUR/GBP Price ChartCPI inflation supported the USDThe market is reflecting mixed signals for this currency pair. After data showed that U.S. inflation is still on the rise, the Federal Reserve's "pivot" in its cycle of rate increases and the Dollar rally remain as elusive as ever. After it was revealed that U.S. inflation was higher than the market anticipated in September, the dollar gained strength worldwide, boosting hopes for future Federal Reserve rate hikes and lowering the likelihood of a rate cut in 2023.In expectation of additional rate hikes and a decline in international equity markets, the dollar increased substantially. GBP/USD Price ChartSources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Both The US CPI & Core CPI Inflation Beat Market’s Forecasted Figures

Both The US CPI & Core CPI Inflation Beat Market’s Forecasted Figures

Rebecca Duthie Rebecca Duthie 13.10.2022 15:19
Summary: US CPI inflation beat market expectations. US Core CPI inflation beat market expectations. Initial market reaction. US CPI & Core CPI Inflation beat market expectations After breaking out last week, the US dollar is maintaining its recent highs. The primary US catalyst for this week is the release of CPI data today. According to economists surveyed by Reuters, the CPI is anticipated to have risen by 8.1% in September compared to the same month a year prior, which is only slightly less than the 8.3% annual increase seen in August. The actual US CPI inflation (YoY) came in at 8.2%, beating market expectations. For the White House and legislative Democrats, the continued high inflation has been a major political concern, overshadowing the coronavirus pandemic's quick recovery and the creation of millions of jobs since Joe Biden took office. The Core CPI is anticipated to rise for a second consecutive month, with the rate rising to 6.5% in September from 6.3% in August. Additionally, the Summary of Economic Projections (SEP) shows a higher path for US interest rates, which could fuel anticipation for another 75bp Fed rate hike. The actual US Core CPI inflation (MoM) came in at 6.6%, also beating market expectations. Effect on the markets The market will probably jerk in either direction after the September CPI report is released. The bar remains very high to change the perception surrounding a 75 basis point rate hike from the FOMC in November, despite the possibility of volatility across asset classes. The Federal Reserve may face pressure to maintain its approach to battling inflation if the core CPI increases once again, according to the minutes from the September meeting that revealed “many participants emphasized that the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action.” The initial reaction from the EUR/USD was bearish, USD/JPY was bullish as the dollar strengthened in the wake of the news, the S&P500 also jumped and Bitcoin remained on a downward trend. Sources: investing.com, financialtimes.com, finance.yahoo.com, dailyfx.com
Altcoins: Everscale (EVER) - What Is It? - A Deeper Look Into the Everscale (EVER) Platform

Altcoins: Everscale (EVER) - What Is It? - A Deeper Look Into the Everscale (EVER) Platform

Rebecca Duthie Rebecca Duthie 13.10.2022 14:16
Summary:What is The Everscale and how does it work?What makes the Everscale exchange unique?Everscale’s present and future price positions.The Everscale (EVER) platformThe fifth generation layer-1 PoS blockchain network is called Everscale. This claim that it is among the most technologically advanced blockchain networks is not merely hyperbole. All of the newest blockchain breakthroughs and ideas have been incorporated into Everscale. Due to its adaptability, it has the potential to become a decentralized center for numerous blockchains and resource-intensive applications like GameFi, DeFi, microtransactions, real-time bidding, etc. The native token of Everscale is called EVER, and it functions as both a fee token and a governance token. Multiple swaps list EVER. It is available on several exchanges in the WEVER wrapped ERC-20 version.More than 200 employees work full-time on creating the ecosystem and the network. Through the Grants Program and hackathons, Everscale actively seeks out fresh initiatives and developer talent.An increasing number of controlled exchanges, like Huobi Global, Gate.io, KuCoin, and decentralized exchanges like FlatQube, have EVER listed for trade.Everscale is a brand-new and distinctive blockchain architecture that has decentralized user interfaces, Turing-complete smart contracts, and the ability to handle millions of transactions per second. In order to be scalable, quick, and safe at the same time, Everscale offers certain novel and distinctive qualities like dynamic multithreading, soft majority consensus, and distributed programming. Through the Soft Majority Voting protocol, it is managed by a decentralized community built on meritocratic principles. Everscale offers a variety of decentralized browsers and wallets that enable numerous applications in the DeFi, NFT, tokenization, and governance domains. These tools include compilers for Solidity and C++, an API, an SDK with client libraries for 13 programming languages and all widely used platforms, and compilers for Solidity and C++.The Everscale UniquenessDynamic multithreading and sharding technology are available from Everscale. The blockchain is made up of a Masterchain and numerous "workchains," or shards. Similar to Polkadot and Ethereum 2.0, the security of the network rests on the Masterchain because it has all block proofs from all workchains in the network. A new workchain can be added at any time when the capacity of the present workchains is almost utilized, unlike other blockchains, to avoid even the tiniest congestion.A new validator node is also assigned to a workchain and a thread when it joins Everscale, preventing the validators from having to process the data of the entire network. The total number of transactions that the workchains can handle over time is the network's throughput because they can only handle a finite amount of data. In conclusion, the network can scale practically infinitely, something that no other blockchain can claim. There is always more opportunity to add capacities to handle any strain.Key features of the Everscale (EVER) network High performance with a confirmed 60K+ TPS real globe scale incredibly low costs Bridges with Tezos, Cardano, BNB Chain, Polygon, Phantom, Avalanche, and Milkomeda, as well as the possibility to connect to new networks quickly An advanced ecosystem with wallets, decentralized exchanges, NFTs, GameFi, and many other componentsPresent and future prices of The Everscale network (EVER)Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, EVER does fall under this category.According to some analysts, the future price of The Everscale network (EVER) could reach up to $0.2 by 2025 and could see a price of more than $1.32 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. Everscale Price ChartSources: finance.yahoo.com, coinmarketcap.com, linkedin.com, technewsleader.com
Crude Oil Price: How Big Could The OPEC+ Supply Cut?

WTI Crude Oil Futures Falling As Demand Forecasts Look Grim, Palladium Futures, Coffee Futures Declining

Rebecca Duthie Rebecca Duthie 13.10.2022 09:10
Summary: WTI Crude oil dropped around 6% as demand forecasts deteriorated. Palladium futures up almost 13% in 2022. Coffee futures touching 6 week lows. WTI Crude Oil inventories increased WTI crude futures traded near $87 per barrel on Thursday, having dropped about 6% in the previous three days as a result of a deteriorating demand forecast and a significant increase in US crude inventories. On Wednesday, OPEC reduced its projections for the growth of the world's oil demand by 460,000 and 360,000 barrels per day, respectively. They cited high inflation, stagnant development in rich economies, and China's Covid lockdowns as reasons. The US Energy Department also reduced its projections for US and global consumption, with US consumption projected to climb by just 0.9% from a previous forecast of 1.7% in 2023 and by just 1.5% from a previous projection of 2%. US crude stockpiles rose by more over 7 million barrels last week, according to an industry report. Oil prices were also affected by the US Federal Reserve's hawkish minutes, in which the central bank vowed to retain interest rates at their current levels until inflation starts to decline. WTI Crude Nov ‘22 Futures Price Chart Palladium futures Since the start of 2022, the price of palladium has climbed by 242.31 USD/t oz., or 12.81%, according to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity. Palladium Dec ‘22 Futures Price Chart Coffee Futures touching 6 week lows As showers in Brazil's coffee belt may improve the crop forecast, Arabica coffee futures on ICE extended losses toward $2.15 per pound, approaching levels not seen in more than six weeks. Rainfall in Minas Gerais, which makes up around 30% of Brazil's arabica crop, is predicted to bring much-needed moisture and enhance prospects for the crop in the top producer in the world the following year. The most recent statistics revealed that on October 3rd, ICE-certified arabica stocks hit a new 23-year low of 417,306 bags. Coffee Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Chart of the Week - Gold Miners vs Energy Producers - 20.04.2022

German CPI Inflation Data Met The Markets Expectations

Rebecca Duthie Rebecca Duthie 13.10.2022 08:15
Summary: German CPY (YoY) CPI inflation data met market expectations. Looming european energy crisis. Initial market reactions. German CPI inflation data comes in at 10% Preliminary estimates showed that in September 2022, Germany's consumer price inflation spiked to 10 percent year-over-year, the highest level ever and significantly more than the 9.4 percent market projection. Following a worsening energy crisis in the biggest economy in Europe and ongoing supply chain disruptions, consumer prices have been rising. The German CPI inflation data was forecasted at 10% and came in at 10%, in addition the German CPI (MoM) data also met market expectations and remained equal to the previous months at 1.9%, this indicates that the largest European economy has not worsened despite fears. With the war in the Ukraine continuing, and the sanctions placed on Russia by the European Union, it is no secret that the European economies are facing problems, driven by a looming energy crisis. With winter approaching and a shortage of gas forecasted, prices have been rising. The European Central Bank’s (ECB) interest rate hawkish interest rate hiking cycle is showing no signs of slowing down, Inflation data from Europe's largest economy tends to be a clear indication of the performance of the rest of the European Economies. In the wake of the previous German CPI inflation data release, separate statistics revealed that previously, consumer and business expectations for greater inflation and a worsening financial situation caused the euro zone's economic mood to decline significantly and more than anticipated. The effect of the CPI Inflation Data on the Markets As CPI inflation continues to rise, consumer confidence continues to fall, the actual figures set up a strong case for the European Central Bank to continue on their interest rate hiking cycle path. The initial effect of the released data caused the EUR/USD to strengthen slightly, the EUR/GBP had the same effect, strengthening as the German Inflation rate remained high, yet stable. Sources: investing.com, reuters.com, dailyfx.com
European Markets Face Headwinds Amid Rising Yields and Inflation Concerns

NVIDIA (NVDA) Stock Price Dropped On Tuesday

Rebecca Duthie Rebecca Duthie 11.10.2022 19:37
Summary: The Biden administration's decision to limit electronics exports to China last week. Citigroup reduced Nvidia's price objective by $38 to $210 per share. Nvidia (NVDA) share price drops due to biden administration Following the Biden administration's decision to limit electronics exports to China last week, Nvidia (NVDA) led chip stocks lower on Tuesday amid a flurry of analyst downgrades and broader sector repricing. Late last week, Advanced Micro Devices (AMD) issued a warning regarding near-term revenue growth, and weakening PC and smartphone demand also put pressure on already-weak chipmakers. Additionally, President Joe Biden's decision to severely restrict the sale of equipment to China-based companies used in the production of advanced semiconductors gave further downside momentum. In the United States, Intel also suffered as a result of analysts at Wells Fargo lowering their price target on the chipmaker and noting a steep drop in near-term sales amid broader sector weakness. In contrast, Citigroup reduced Nvidia's price objective by $38 to $210 per share due to slowing growth rates in the market for cloud computing hardware. Nvidia shares fell 2.4% in early Tuesday trading to trade at $113.85 per share. The Biden administration announced further extensive restrictions on the sale of semiconductors and related equipment to China on Friday. Then, today, the International Monetary Fund (IMF) lowered its projection for global growth, hurting morale as well. And to top it all off, the Chinese government has decided to lock down major cities once more in an effort to stop the spread of COVID-19, which has recently caused supply chain issues. The new limits on high-end processor sales to China could notably hurt Nvidia. Although the administration had already ordered Nvidia to stop selling its top-tier data center GPUs to China back in late August, the administration's latest limitations on equipment sales to China last week only serve to further cement the two nations' technical separation. It's important to note that Nvidia estimated that the limits would affect around $400 million in revenue, or about 7% of projected revenue, if they were completely enforced. NVDA Price Chart Sources: finance.yahoo.com, thestreet.com, fool.com
Hawkish Fed Minutes Spark US Market Decline to One-Month Lows on August 17, 2023

Eurozone Confidence Declining (EUR/USD), GBP Under Pressure (EUR/GBP)

Rebecca Duthie Rebecca Duthie 11.10.2022 16:38
Summary: The Euro continues its battle with the US Dollar. UK's trillion-pound debt markets are buckling under the weight of further Bank of England interventions. Sterling found support early in the new week against the CAD. Euro on the decline as recession fears persist The market is reflecting bearish signals for this currency pair. The Euro's battle with the dollar continued into the new week as a risk-off mindset and increasing yields put the dollar in the lead. We witnessed a spike in geopolitical tensions between Russia and Ukraine as a result of a number of missile attacks that Russian President Vladimir Putin said were in response for the bombing of a bridge that connects Russia to the Crimean Peninsula. As recession fears persist, confidence in the Eurozone keeps declining. Another 75bp increase from the European Central Bank (ECB) is still anticipated later this month, which is necessary given the most recent double-digit inflation reading. Regarding the rate hike path required to control inflation, US Fed policymakers last week seemed to be singing from the same hymn book. Lael Brainard and Charles Evans, two well-known doves, yesterday broke with the rhetoric and used a tad more dovish language. EUR/USD Price Chart GBP is under pressure The market is reflecting mixed signals for this currency pair. The British pound is under pressure amid indications that the UK's trillion-pound debt markets are buckling under the weight of further Bank of England interventions. The Bank of England said on Tuesday that index-linked gilts will now be a part of its expanded gilt purchasing program. Given that UK RPI inflation was 12.3% in August, these gilts (UK government bonds) are understandably becoming more expensive for the government. But considering that the new administration decided to spend a lot of money on subsidizing family energy costs while simultaneously lowering taxes, the UK's bond market has suffered more than others. EUR/GBP Price Chart GBP supported against the CAD The rise in the Pound to Canadian Dollar exchange rate that began in the month of October has since experienced a corrective decline, but Sterling found support early in the new week just above the 1.51 handle and may now be expected to temporarily consolidate its recovery. If Sterling continues to accept the most recent developments in the UK government bond market, where the Bank of England (BoE) has been providing emergency liquidity to address issues related with some pension funds, it may find more support this week around the latter level. GBP/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Altcoins: Pandorium (PAN) - What Is It? - A Deeper Look Into the Pandorium (PAN) Platform

Altcoins: Pandorium (PAN) - What Is It? - A Deeper Look Into the Pandorium (PAN) Platform

Rebecca Duthie Rebecca Duthie 11.10.2022 14:43
Summary: What is The Pandorium and how does it work? What makes the Pandorium exchange unique? Pandorium’s present and future price positions. The Pandorium exchange Describe Pandora. An Unparalleled Approach to DeFi By relying on AMM, GameFi, and multitasking NFTs, Pandora creates a revolutionary, decentralized PandoVerse that is holistic and transforms people's interactions with DeFi on an emotional as well as a financial level. The dual-token approach and inclusive incentive structure of Pandora's next-generation decentralized ecosystem benefit both merchants and farmers. The Pandora protocol is centered on NFT gaming and AMM, and it is powered by two unique tokens: the reward token Pandorium and the governance token Pandora Spirit (PSR) (PAN). By introducing a governance token called PSR that was totally pre-mined and has a deflationary burning mechanism, Pandora avoids the drawbacks of traditional decentralized protocols. The main motivation for Pandora's user base is the reward token PAN. Its minimum value will be determined by the jackpot and the NFT staking pool. The value of PAN cannot go below its minimal value at any time in the future. PAN should have a limitless supply, however as of the writing of this article, 5,777,315 PAN were in use. Additionally, 3,468,972 PAN were burned. Pandora ecosystem's reward token is called Pandorium (PAN). It encourages users' participation in the PandoVerse, which is a component of the system's gamification. Users can easily earn PAN by transacting on Pandora's exchange thanks to the Trade Mining system. Users can also purchase PAN on the exchange or participate in PandoFarms and PandoPools to obtain it. The best cryptocurrency exchanges for trading Pandorium stock at the moment are PancakeSwap (V2) and Pandora, if you're interested in finding out where to acquire it at the current price. On our website for crypto exchanges, you may find more. Pandorium’s Uniqueness Users have a right to the great majority of the revenue earned by the protocol because they are the protocol's true proprietors. Additionally, Pandora uses trade mining and profit sharing to entice both farmers and traders to play the game. A dual-token system used by Pandora operates in a rewarding and deflationary manner. Users will gain from long-term income and economic stability (secure income stream for farmers in the form of a share of the protocols revenues, accumulated rewards for traders). The protocol uses both the jackpot and the probabilistic process to add a sense of chance to its offerings in order to pique users' interest. Advantages of the Pandorium exchange Utilize Atomex to exchange XYO Network for Pandorium on-chain! You receive a pure cross-chain conversion of your funds in a peer-to-peer trustless way when you exchange XYO to PANDORIUM on Atomex DEX. You can benefit from Atomex's competitive rates, lack of DEX fees, lack of slippage or market impact costs, lack of KYC requirements, 24/7 deep liquidity, cryptographically verified security, and interesting blockchain technology. You may swap XYO Network for Pandorium directly from the Atomex App. To select the preferred platform version of the Atomex App, simply visit the download page. Present and future prices of The Pandorium network (PAN) The price of PAN started relatively high, and reached its peak in late July 2022 at a price of $0.015. Thereafter, the price has consistently fallen, to date. PAN's price dropped by 32.13% in the past month, going from its previous value of $0.006708 to $0.002155. Due to the decline, Pandorium is currently in a dip, which suggests that now would be a good time to purchase PAN. Pandorium's price has decreased by 69.05% over the last 90 days, dropping from $0.014711 to $0.010158. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, PAN does fall under this category. According to some analysts, the future price of The Pandorium network (PAN) could reach up to $0.0218 by 2025 and could see a price of more than $0.044 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. Pandorium Price Chart Sources: finance.yahoo.com, coinmarketcap.com, atomex.me, pricepredictions.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

NGAS Inventories Strong, Cotton Futures, Gold Futures Decline For 5th Straight Session

Rebecca Duthie Rebecca Duthie 11.10.2022 11:14
Summary: US NGAS futures trading low for the past 10 sessions. Golds price decline fueled by a strengthening USD and rising Treasury yields. Cotton crops are in danger due to unfavorable weather and pest infestations. NGAS trading close to 3-month lows For the tenth session running, US natural gas futures have traded below $7/MMBtu, close to the 3-month low of $6.3/MMBtu reached on October 3, and far below the 14-year high of $9.65/MMBtu reached on August 22. This is because production is still at record highs and utilities are able to add more gas to storage due to milder than usual weather. The US utilities added 129 billion cubic feet (bcf) of gas to storage in the week ending September 30th, exceeding market forecasts of a 113 bcf build, according to the EIA, which recorded the highest weekly gains in domestic inventories ever. According to Refinitiv, average gas production in the Lower 48 US states increased to a record 100.1 bcfd so far in October from a previous high of 99.4 bcfd in September. Reduced LNG shipments and a decline in demand brought on by Hurricane Ian's power outages also had an impact on gas prices. NGAS Nov ‘22 Futures Price Chart Gold declining amidst predictions of aggressive Fed Tuesday's decline in gold prices, which was the fifth straight session, was fueled by a strengthening dollar and rising Treasury yields amid predictions that the US Federal Reserve will continue with its aggressive tightening policies. Such a notion was reinforced by a better-than-expected US jobs report on Friday, and markets now anticipate US inflation data on Thursday, FOMC minutes on Wednesday, and other Fed officials' appearances this week for additional cues. On the other hand, Fed Vice Chair Lael Brainard stated on Monday that the Fed will be guided by incoming data as the full impact of prior rate rises become clear. She also emphasized the necessity for tight monetary policy to lower inflation. The IMF and World Bank warned of a rising possibility of a worldwide recession, as advanced economies stagnate and persistent inflation increases pressure on major central banks to hike interest rates further. This warning left markets on edge. Gold Dec ‘22 Futures Price Chart Cotton trading low As traders assessed the possibilities of larger supplies and lower demand due to quicker rate hikes and economic uncertainties, cotton futures traded below, a level not seen since July 2021. Regarding the supply, the USDA's most recent report showed that the crop of US cotton increased from 12.48 million acres in August to 13.79 million acres in September, or over 19% more than the 11.22 million acres planted in 2021. 375 lakh bales are anticipated to be produced in India, another major producer, during the season 2022–23, assuming that the weather is cooperative through October. Crops are still in danger because of unfavorable weather and pest infestations in the main growing regions. Cotton Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Mexican Rate Spread: Tight vs. Central Bank's Rate Spread and Implications for Dis-inversion

UK Average Earnings Index + Bonus Beats Market Expectations

Rebecca Duthie Rebecca Duthie 11.10.2022 08:24
Summary: The UK average earnings index + bonus came in bullish/bearish. The GBP is predicted to avoid reaching parity with the USD but will continue to trade at historically low levels. UK Average Earnings beat market expectations For August 2022, the rate of UK Average Earnings Index + Bonuses was 6.0% and the rate for unemployment was 3.5%. The rates of growth in both total and regular pay are comparable, which has not been the case for a while. The market expectation for the UK average earnings index + bonus was set at 5.9%, the UK succeeded in beating the market's expectations for the month of August. The reading showed a higher than expected Average Earnings Invex and should be interpreted as bullish or positive for the pound. The Average Earnings Index tracks changes in the amount that the government and businesses are willing to pay for labor, including bonuses. The Average Earnings figure provides us with a good indicator of the growth in personal income for the particular month. UK Average Earnings effect on the economy Highlights from the most recent survey reveal that over the rest of the year and into early 2023, the pound is predicted to avoid reaching parity with the dollar but will continue to trade at historically low levels. The U.K. economy has been running out of workers, even as it slows considerably under the weight of the ongoing cost-of-living problem, according to figures released for the month of July. According to the Office for National Statistics, employment growth slowed significantly in the three months leading up to July as the labor pool dried up due to the summer's heat waves and the pandemic's aftereffects. However, now it seems that the UK economy is a little more well supported. Higher than expected data indicates that the Bank of England's tightening of monetary policy is having some sort of an impact on wages, which, however, are still growing too slowly to keep up with the still-rising annual inflation rate. The initial market reaction to the release of this data showed the pound sterling weaken against the EUR and the USD. Sources: investing.com, ons.gov.uk, poundsterlinglive.com
US Economic Data Due Later This Week (EUR/USD), GBP Supported By Strong Fiscal Data (EUR/GBP, GBP/AUD)

US Economic Data Due Later This Week (EUR/USD), GBP Supported By Strong Fiscal Data (EUR/GBP, GBP/AUD)

Rebecca Duthie Rebecca Duthie 10.10.2022 18:16
Summary:The Euro Area is not expected to disclose many significant economic data points this week. The British Pound was stronger against the Euro.USD remains strongly supportedThe market is reflecting bullish signals for this currency pair. The prognosis for the single currency will probably be influenced by US data releases over the next few days since the Euro Area is not expected to disclose many significant economic data points this week. Later in the week, with the major release of the September inflation figures on Thursday, the major US economic reports begin. The US dollar is still strongly supported while the Euro appears to be moving lower in a one-way fashion, therefore EUR/USD is moving lower on the best of all worlds scenarios. EUR/USD Price ChartUK began the week with good news on the fiscal frontThe market is reflecting bullish signals for this currency pair. Beginning a new week with good news on the UK's fiscal front and the development of a new facility at the Bank of England to ensure domestic money markets stay stable, the British Pound was stronger against the Euro and stable against the US Dollar. To reassure markets that the government's economic strategy is sound, the Treasury announced it is pushing back the release of independent economic predictions and a vital fiscal policy update until October 31. The independent Office for Budget Responsibility will also issue an economic and fiscal forecast in addition to the Medium-Term Fiscal Plan, according to the Treasury. EUR/GBP Price ChartAUD weaker amidst lower demand exports from chinaWhile their colleagues at Goldman Sachs claim to have recently revised lower their estimates for the currency, notably against the Pound, Credit Suisse analysts continue to remain gloomy on the Australian Dollar. The decline in growth prospects caused by the Ukraine crisis, the stalling of Chinese GDP, and anticipation of further Federal Reserve interest rate increases have all contributed to the continued decline in global equities markets. Meanwhile, one particular obstacle facing the Australian dollar is the slowing demand for Australian commodities coming from China. GBP/AUD Price ChartSources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Oil Is An Indicator Of The Health Of The Global Economy

Silver Futures Prices Falling, Brent Crude Supplies Expected To Be Tight, Corn Futures

Rebecca Duthie Rebecca Duthie 10.10.2022 13:25
Summary: Brent crude oil rising as fears around tight supplies continue. Hawkish Fed driving bullion prices down. Corn futures prices raised by 17.25% in 2022. Brent Crude oil faces a weaker demand outlook On Monday, traders balanced a major output cut by OPEC+ that promises to further tighten supply ahead of winter against a weaker demand outlook resulting from increasingly tighter monetary circumstances. Brent crude futures slipped toward $97 per barrel. Fears that the Federal Reserve may boost borrowing costs to onerous levels increased as a result of the US job market's continued tightness and the country's officials' steadfast hawkish posture, which also fueled worries about the demand and the global economy. The global oil benchmark also increased by around 15% last week as OPEC+ decided to reduce production by 2 million barrels per day, or roughly 2% of the world's supply, starting in November. This would be the largest output reduction since the pandemic's inception. Russia's threat that it won't sell oil to nations who support the US-led effort to impose a price restriction on Russian oil was reinforced last week, adding to supply fears. Brent Crude Oil Futures Price Chart   Silver drops as hawkish fed continues After temporarily reaching a three-month high of $21, spot silver traded around $20 per ounce in October as expectations that the Fed will maintain its hawkish monetary policy stance returned, pushing up the dollar and bond yields. In the meantime, the amount of silver kept in the London Bullion Market Association (LBMA) vaults has steadily decreased over the past nine months, reaching a record-low level of 28,506 tonnes valued at $16.4 billion, or roughly 950,208 silver bars. According to the LBMA, this is the least amount of silver stored in vaults since reporting began in July 2016. Silver Dec ‘22 Futures Price Chart Corn futures Since the start of 2022, corn prices have climbed by 102.31 USd/BU, or 17.25%, according to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
US Dollar Supported By Unemployment Rate Data Release & US Non-Farm Payrolls

US Dollar Supported By Unemployment Rate Data Release & US Non-Farm Payrolls

Rebecca Duthie Rebecca Duthie 07.10.2022 19:26
Summary: The US unemployment rate decreased to 3.5%. The nation added 263,000 payrolls in September as opposed to the 250,000 expected.US Unemployment rate exceeded market expectationsAfter the release of U.S. labor market data that revealed a strong economy and could encourage the Federal Reserve to continue its strategy of aggressive interest rate hikes, the Dollar rose substantially against the Euro, the British Pound, and the majority of other currencies.The U.S. dollar, as measured by the DXY index, surged higher following the announcement of the September jobs report, helped by a significant increase in U.S. Treasury yields. The S&P 500 and Nasdaq 100 futures both fell more than 1.5% at the time of writing, entering negative territory. Strong labor market data will probably keep the Fed on a hawkish course, driving policymakers to announce additional interest rate increases and preventing them from hastily shifting to a dovish stance. The U.S. dollar should benefit from this situation, but stocks may face significant challenges.In spite of stubbornly high inflation, slowing growth, and higher borrowing costs, U.S. firms kept on hiring at a strong rate at the end of the third quarter, showing that the Federal Reserve's front-loaded hiking cycle has not yet resulted in significantly less demand for workers. The U.S. Department of Labor reports that after an unrevised gain of 315,000 in August, the nation added 263,000 payrolls in September as opposed to the 250,000 expected. The jobless rate, meanwhile, decreased to 3.5%, matching one of its lowest points in decades.The data released today demonstrate that despite two consecutive quarters of negative GDP readings and one of the most ferociously tightening cycles of monetary policy since the 1980s, the labor market is still strong and exceptionally tight. The analysis refutes assertions of widespread hiring freezes and significant layoffs across the nation and undermines the recession narrative.In the wake of the release of the metrics, the EUR/USD currency pair weakened, the USD/JPY pair strengthened, the S&P 500 has fallen by around 2.6% and Bitcoin has fallen by more than 3.3% during the trading day. As the US continues to strengthen and concerns around a possible recession continue, the markets continue to be sensitive to this data.Sources: dailyfx.com, poundsterlinglive.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

OPEC+ To Reduce Production By 2 Million Barrels Per Day, Gold Futures Up 3% This Week, Cotton Futures

Rebecca Duthie Rebecca Duthie 07.10.2022 12:49
Summary: Brent Crude Oil expected to rise by 11% this week. Gold prices could come under pressure thanks to US Non-farm payroll data. Investors considered the likelihood of more supply and less demand of cotton. Brent Crude Oil expected to rise by 11% this week As OPEC+ agreed to reduce production by 2 million barrels per day, or about 2% of the world's supply, starting in November, the price of Brent crude futures held above $94 per barrel on Friday and was expected to rise by about 11% this week. This decision threatens to further tighten supply ahead of the winter season. Although Saudi Arabia's oil minister said the actual reduction will likely be closer to 1 to 1.1 million barrels because several members are already pumping below targets, that would still represent the largest output decrease since the outbreak began. On Thursday, US President Joe Biden expressed disappointment with the OPEC+ decision and stated that the US was looking for measures to prevent prices from rising. Following the OPEC+ decision, Goldman Sachs considerably increased its oil price projection, predicting that Brent prices will reach $104 per barrel this year and $110 per barrel in 2023. Russia once more issued a warning this week that it won't sell oil to nations who back the US-led effort to set a price restriction on Russian oil, adding to supply fears. Brent Crude Oil Futures Price Chart Gold prices risen by 3% this week In the lead-up to the monthly US jobs data that could provide new insights on the Federal Reserve's rate hike path, caution predominated in the market, and gold prices remained muted around $1,710 an ounce on Friday. They have been trading in a range for the past three sessions. The nonfarm payrolls report, which is due later on Friday, is anticipated to indicate that the US economy generated 250,000 jobs in September. If the number is higher than anticipated, rate hike bets will increase and gold prices would be further pressured. The metal has fluctuated throughout the week as opinions on US monetary policy have changed; initially, weak US data drove bullion higher on expectations for a slower pace of tightening, but by the end of the week, pressure from strong US data and hawkish comments from US policymakers had put the metal under pressure. Gold prices, however, have increased by about 3% so far this week and were on track to post their largest weekly gains since March. Gold Dec ‘22 Futures Price Chart Cotton supply expected to increase Trading in cotton futures was below 90 USd/Lbs, a level not seen since July 2021, as investors considered the likelihood of more supply and less demand as a result of accelerated rate hikes and a deteriorating economy. Regarding the supply, the USDA's most recent report showed that the crop of US cotton increased from 12.48 million acres in August to 13.79 million acres in September, or over 19% more than the 11.22 million acres planted in 2021. 375 lakh bales are anticipated to be produced in India, another major producer, during the season 2022–23, assuming that the weather is cooperative through October. Crops are still in danger because of unfavorable weather and pest infestations in the main growing regions. Cotton Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
U.S Dollar Remains Supported (EUR/USD), High Inflation Could Drive UK Economy Into A Recession (EUR/GBP, AUD/GBP)

U.S Dollar Remains Supported (EUR/USD), High Inflation Could Drive UK Economy Into A Recession (EUR/GBP, AUD/GBP)

Rebecca Duthie Rebecca Duthie 06.10.2022 18:55
Summary: Ongoing devaluation of other currencies by the U.S. Dollar. Decreased predictions for UK economic growth. Australia's trade surplus decreased in August despite an increase in imports. U.S Dollar remains in high demand The market is reflecting mixed signals for this currency pair. According to International Monetary Fund (IMF) data, the ongoing devaluation of other currencies by the U.S. Dollar consumed more than $500BN of official reserves in the second quarter, and it can be inferred reasonably from this that the reserve cost of the Dollar rally exceeded $1 trillion in September. The dollar was again in demand throughout the trading afternoon on Wednesday, but noticeably more so after the Institute for Supply Management (ISM) Services PMI for September tended to portray the key sector of the American economy as being more resilient than forecasts had predicted. EUR/USD Price Chart Predictions for UK economy looks poor The market is reflecting mixed signals for this currency pair. According to economists, a worse recession would result in larger losses for the pound. They are also decreasing their predictions for UK economic growth. Economic experts predict that high inflation will cause the UK economy to enter a recession, but rising interest rates due to external reasons and the market's response to the "mini budget" will widen the extent of the slump. "The cost of living crisis will be exacerbated by a cost of borrowing crisis," explains Capital Economics in a new note in which they say they now expect a deeper recession than previously forecast. EUR/GBP Price Chart Australian Trade Surplus decreased Another data release confirming Australia's continued trade surplus helped the Australian dollar gain strength, but analysts warn that a peak in commodity prices and challenges to the global economy raise the possibility of underperformance. According to the ABS, Australia's trade surplus decreased in August despite an increase in imports. A positive trade surplus suggests that a nation is generating more foreign currency than it is spending, which provides a fundamental source of support for a currency. Australia's trade surplus has increased over the past few months as the value of its commodities exports has soared and amid a fall in demand for imports brought on by the Covid-induced economic slowdown. However, the trade surplus is shrinking due to indications that commodity prices have peaked, a continued post-covid recovery, the increase in the price of other significant imports, and these factors together. AUD/GBP Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
OPEC+ To Reduce Oil Output By 2 Million Barrels Per Day

OPEC+ To Reduce Oil Output By 2 Million Barrels Per Day

Rebecca Duthie Rebecca Duthie 06.10.2022 17:08
Summary: OPEC+ to reduce output to drive up prices. Energy costs have risen as a result of the supply shortage. OPEC+ decision to reduce oil output The biggest reduction in production since the epidemic began in 2020, OPEC+ said on Wednesday, October 5, that it will cut output by 2 million barrels per day (bpd). The decision was quickly criticized by the White House as "shortsighted," and the oil cartel was charged with "aligning with Russia." President Joe Biden's advice to refrain from taking such a dramatic measure has not been heeded by Saudi Arabia, which controls approximately one-third of OPEC's oil reserves and is seen as a US ally. In order to persuade the de facto ruler of the kingdom, Crown Prince Mohammed Bin Salman, to increase the number of barrels pumped, Biden visited the country in the Middle East three months ago. The output decrease is intended to raise oil prices back to the triple digits of dollars after a four-month decline. Oil prices have already risen to more than $90 a barrel as a result of anticipation of OPEC's decision this week. Saudi Arabia's move, which is probably motivated by politics and oil pricing equally, reminds the West who is in charge of this valuable resource and has caused the US to rethink its foreign policy goals, including sanctions against Venezuela. OPEC+ decision effects Due to underproduction by OPEC and its partners, the actual production reduction will be less than 2 million. The coalition fell short of its goals by 3.58 million barrels per day in August. In Nigeria, for instance, pipeline theft and vandalism caused oil production to reach a 32-year low. The true cuts will only amount to about 1 million bpd, according to Saudi Energy Minister Abdulaziz bin Salman, and analysts estimate even smaller reductions, as reported by Reuters. Energy costs have risen as a result of the supply shortage, which has been made worse by Russia's involvement in the conflict in Ukraine. Biden used the US Strategic Petroleum Reserve earlier, in May, to control the rise in oil prices and, consequently, gasoline costs. He might have to turn to releasing more oil after the OPEC+ cuts. Crude Oil Nov ‘22 Futures Price Chart Sources: finance.yahoo.com
Australia Is Expected To Produce A Bumper Year Of Crops

Platinum Futures, Wheat Trading At 3-month Highs, OPEC+ Cuts Gasoline Output By 2million Barrels Per Day

Rebecca Duthie Rebecca Duthie 06.10.2022 13:10
Summary: After falling for around 100 days, gasoline prices in the US are now rising. Chicago wheat futures were trading, close to the highest price since the end of June. Platinum futures rose 4.25% during 2022. Platinum futures According to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity, platinum has dropped 40.90 USD/t oz. or 4.25% since the start of 2022. Platinum Jan ‘23 Futures Price Chart Wheat supply shortages expected In October, Chicago wheat futures were trading, close to the highest price since the end of June due to worries about a shortage of supply. Concerns that Russia would terminate the secure trade route from Ukrainian Black Sea ports that was agreed to in a deal mediated by the UN arose after Russia invaded Ukrainian land and threatened to use nuclear force. The 2022 wheat harvest was also at its second-smallest level in 20 years due to the dry and hot weather in the US. In its annual Small Grains Summary report, the USDA estimated the US wheat harvest at 1.650 billion bushels, which was below than market expectations of 1.778 billion bushels and predictions from August of 1.783 billion bushels. Wheat Dec ‘22 Futures Price Chart Rising Gasoline prices threaten to harm consumers further After falling for around 100 days, gasoline prices in the US are now rising, posing a fresh threat to consumers who have already been suffering from widespread inflation for more than a year. A 14-day stretch of rising gas prices is the result of upkeep at fuel production facilities, increased demand, and limited fuel supply. According to OPIS, an energy-data company that is a division of Dow Jones & Co., the publisher of The Wall Street Journal, a gallon of normal cost around $3.831 on Wednesday. Analysts predict that the agreement to reduce oil production by 2 million barrels per day by the Organization of the Petroleum Exporting Countries and its allies led by Russia on Wednesday will result in a further increase in oil prices. The White House announced that it would look at ways to protect American consumers, calling the action unwise. Analysts anticipate that most drivers won't have to deal with $5 gas as they did in June, in part because wintertime demand is usually lower. Although refiners convert to producing winter-grade fuel blended with butane at this time of year, which has reduced production costs and is therefore more affordable, prices are still unusually high, according to Richard Joswick, head of global oil analytics at S&P Global Platts. RBOB Gasoline Nov ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com, wsj.com
RBNZ “Hawkish” Move Offers NZD Support, Australian Retail Sales Rose 0.6% During August

RBNZ “Hawkish” Move Offers NZD Support, Australian Retail Sales Rose 0.6% During August

Rebecca Duthie Rebecca Duthie 06.10.2022 09:55
Summary:RBNZ interest rate hike hawkish.Australian Retail MoM met expectationsRBNZ Interest rate decisionThe Reserve Bank of New Zealand (RBNZ) increased interest rates by 50 basis points to 3.5%, in line with market forecasts, but also made clear that it was considering raising rates even more. "NZD is off the overnight highs, but still outperforming after the RBNZ delivered the 50bp hike expected and considered a larger move," says Adam Cole, Chief Currency Strategist at RBC Capital Markets.The RBNZ stressed the need to "continue to tighten monetary conditions at pace" in its statement. In contrast, the Reserve Bank of Australia (RBA) stunned markets on Tuesday by increasing rates by 25 basis points rather than 50, indicating that its cycle of rate increases was about to come to an end. As a result, the Australian Dollar dropped significantly, and investors bet that the New Zealand Dollar would experience a similar fate.According to Cole, the RBNZ also recognized the increasing pressure on pricing from a weaker NZD. The recent collapse in the New Zealand Dollar—the worst performing major currency over the previous month—means that import prices will go up, escalating inflationary pressures. This is especially important in light of the present inflationary cycle, which is being caused by constrained supply chains and rising commodity costs. Therefore, the currency will continue to be important in predicting future changes in interest rates.Australian Retail Sales Meets market expectationsAustralian MoM retail sales data for august met market expectations, coming in at 0.6%. Unrevised from the flash figures and following a final 1.3% increase in July, retail sales in Australia increased by 0.6% mum to a brand-new record amount of AUD 34.88 billion in August 2022. This was the seventh consecutive month that retail sales rose, with increases in both food retailing (1.1% vs. 1.2%) and cafe, restaurant, and takeaway sales (1.3% vs. 1.8% in July). Additionally, department store sales increased for the second consecutive month (2.8% vs. 3.8%), and sales of domestic products in stores saw their biggest increase since March (2.6%), after declining for the previous four months. Contrarily, other retailing experienced its first decline in six months and the biggest this year (-2.5% vs. 1.6%). Clothing also saw its biggest fall this year, down 2.3% after gaining in the prior 2 months. Sales grew in Tasmania (2.2%), the Australian Capital Territory (1.9%), New South Wales (1.5%), South Australia (1.3%), and Victoria (0.1%), while fell in Western Australia (-0.2%) and Queensland (-0.1%).Sources: poundsterlinglive.com, fxempire.com
Euro Strength Could Be Transitory (EUR/USD), EUR/GBP, RBNZ Met Market Expectations With Interest Rate Hike (NZD/USD)

Euro Strength Could Be Transitory (EUR/USD), EUR/GBP, RBNZ Met Market Expectations With Interest Rate Hike (NZD/USD)

Rebecca Duthie Rebecca Duthie 05.10.2022 19:52
Summary:According to Credit Suisse analysts, the EUR/USD currency pair is still in a downward trend.The Pound has had a volatile year.RBNZ 50bps interest rate hike.U.S. labor market numbers that were released on Tuesday were softer than expectedThe market is reflecting bullish signals for this currency pair. Analysts agree that it is too soon to predict a turn in the Euro to Dollar exchange rate (EUR/USD), with one at a large investment bank predicting fresh lows over the next several weeks. According to Credit Suisse analysts, the EUR/USD currency pair is still in a downward trend and that the Eurozone is still experiencing "fiscal issues" as a result. 4% counter-trend rebounds, according to them, should be anticipated given historical data. The results of a monthly currency market research report confirm that recent Euro strength is likely to be transitory and that it would be premature to speculate on a market "pivot." The U.S. labor market numbers that were released on Tuesday were softer than expected, which led market investors to speculate on whether the economy was now slowing sufficiently to cause the Federal Reserve to rethink its aggressive interest rate hike program. EUR/USD Price ChartGBP volatilityThe market is reflecting bearish signals for this currency pair. The International Monetary Fund (IMF) recently released data indicates that this was also a time when central bank managers of official reserves reduced their exposures to a variety of currencies, including Sterling. The Pound has had a volatile year, with some of its biggest losses occurring during the second quarter. Recent improvements in the pound's value relative to the US currency have been attributed to both Chancellor Kwasi Kwarteng's Monday U-turn and a probable Fed pivot following disappointments in key US economic statistics (ISM manufacturing PMI and job openings). EUR/GBP Price ChartNZD supported in the wake of RBNZ interest rate decisonThe market is reflecting mixed signals for this currency pair. As expected, the RBNZ increased rates by 50 basis points to 3.50%. The central bank considered boosting interest rates by 50 or 75 basis points and decided that a steady rate increase is suitable. It is their fifth consecutive 50 bp. NZD/USD immediately reacted by moving higher as traders found solace from the Reserve Bank of Australia's (RBA) unexpected dovish hike earlier this week. Surprisingly, the RBNZ was hawkish in its statement:"The Committee considered whether to increase the OCR by 50 or 75 basis points at this meeting. Some members highlighted that a larger increase in the OCR now would reduce the likelihood of a higher peak in the OCR being required." NZD/USD Price ChartSources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
WTI Crude Oil Gains After 4-Months, Palladium Futures, Rainfall To Improve Coffee Crop

WTI Crude Oil Gains After 4-Months, Palladium Futures, Rainfall To Improve Coffee Crop

Rebecca Duthie Rebecca Duthie 05.10.2022 12:10
Summary: OPEC+ meeting on Wednesday driving WTI Crude Oil prices. Rainfall in Brazil may improve coffee crop. WTI Crude Oil rising after 4 months After rising about 9% in the previous two days, WTI crude futures maintained close to $86 per barrel on Wednesday as investors prepared for an OPEC+ meeting where it is anticipated that a significant supply cut will be announced to bolster oil prices. The cartel is expected to meet in Vienna on Wednesday and is reportedly considering lowering production by as much as 2 million barrels per day, which is double the amount previously signaled and would be the largest reduction in output since the peak of Covid-19 lockdowns. The impending EU ban on Russian petroleum, which is scheduled to go into force in December, and a US-led plan to place a price cap on Russian oil also cast a shadow over the situation, and President Vladimir Putin threatened to retaliate by cutting off supply. The commodity markets were under pressure due to tighter monetary conditions, concerns of a recession, and a strong dollar. This week's gains came after four straight months of losses. As the organization was already having trouble meeting its output goals, concerns about the efficiency of the OPEC+ supply curbs continued. WTI Crude Oil Futures Price Chart Palladium climbed 21.61% since the start of 2022 Since the start of 2022, the price of palladium has climbed by 408.94 USD/t oz., or 21.61%, according to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity. Palladium Dec ‘22 Futures Price Chart Coffee futures may be on the fall As showers in Brazil's coffee belt may improve the crop forecast, Arabica coffee futures on ICE extended losses toward $2.15 per pound, approaching levels not seen in more than six weeks. Rainfall in Minas Gerais, which makes up around 30% of Brazil's arabica crop, is predicted to bring much-needed moisture and enhance prospects for the crop in the top producer in the world the following year. The most recent data revealed that on September 30th, ICE-certified arabica stockpiles were at 426,180 bags, the lowest level in 23 years. Coffee Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Sticky US Inflation Expected to Maintain Dollar Strength Ahead of FOMC Meeting

Elon Musk To Go Through With Twitter (TWTR) Deal After All

Rebecca Duthie Rebecca Duthie 05.10.2022 11:25
Summary: On Tuesday Musk renewed his offer to buy Twitter. TWTR share price jumped in the wake of the news. “X, the everything app” TWTR stock price jumped Elon Musk attempted to pull out of the high-profile transaction, but on Tuesday he renewed his offer to pay $44 billion for the social networking site Twitter. The Tesla entrepreneur suggested the price in a letter to Twitter that was sent on Monday to the Securities and Exchange Commission. The price is equal to the original valuation of $54.20 per share. Late on Tuesday, Mr. Musk finally spoke up about the deal, writing on Twitter, "Buying Twitter is an accelerant to inventing X, the everything app." The price of the social network's stock increased so dramatically when it was revealed that Elon Musk is trying to restart his acquisition of the company that runs it that the New York Stock Exchange twice had to temporarily halt trading, according to the Wall Street Journal. The "Flash Crash" of 2010 prompted the implementation of such pauses, which begin when stocks on major indexes change price by more than 5% in less than five minutes. On Tuesday, Twitter shares increased by at least 12% at various points as Elon Musk declared he would stick with his original $44 billion offer to buy the social media platform. After purchasing Twitter Inc., Elon Musk teased "X, the everything app." According to the billionaire's prior remarks, the service may resemble the popular Chinese app WeChat. Beyond a single-line tweet, Musk didn't offer much information. However, the CEO of Tesla Inc. has admitted to admiring the Tencent Holdings Ltd. app, which has evolved from a messaging service to a mini-internet used by more than a billion people from China users daily. He has expressed thoughts on improving Twitter, saying he wants it to be more like WeChat and TikTok, the popular video-sharing app owned by ByteDance Ltd. that has gained popularity in the US. He also drew comparisons to the so-called "super apps" that are popular in some parts of Asia and allow users to access a variety of services from communications to car summoning using a single smartphone application. TWTR Price Chart Sources: finance.yahoo.com
USD Falls 3.3% From Wednesday's High (EUR/USD), UK Chancellor Moves Up Fiscal Plan (EUR/GBP), RBA Missed Market Expectations (GBP/AUD)

USD Falls 3.3% From Wednesday's High (EUR/USD), UK Chancellor Moves Up Fiscal Plan (EUR/GBP), RBA Missed Market Expectations (GBP/AUD)

Rebecca Duthie Rebecca Duthie 04.10.2022 20:40
Summary: The US dollar has fallen by as much as 3.3%. GBP supported in the wake of Kwarteng plans to move up the publishing of his fiscal plan. RBA interest rate announcement. Investors wonder if the USD has peaked The market is reflecting bullish signals for this currency pair. Since the high of last Wednesday, the US dollar has fallen by as much as 3.3%, and many are wondering if the USD has peaked. Given how severely overbought the dollar had been, this retreat appears to be a trend correction without any indication of anything bigger. Price is getting close to some important support, though, and how it performs around those levels will be crucial for deciding on a short-term course of action. EUR/USD Price Chart GBP supported on Tuesday In an effort to restore market confidence, Chancellor of the Exchequer Kwasi Kwarteng announced he was moving up the publishing of his fiscal plan, which gave the British Pound another lift. Originally slated for distribution on November 23, the plan will instead be given later this month, according to a story published late Monday. Importantly, a complete set of estimates from the Office for Budget Responsibility will be included with the proposal (OBR). The developments ensured a late-session rise in the pound sterling on Monday, resulting in a 1.15% increase in the pound's value relative to the euro. The improvements coincide with the pound's larger resurgence as markets restore their faith in UK assets after a turbulent time. EUR/GBP Price Chart RBA weaker in the wake of interest rate announcement The Australian Dollar fell when the Reserve Bank of Australia (RBA) announced a 25 basis point increase in interest rates, indicating that the peak in Australian interest rates was approaching. Markets anticipated another 50bp increase, but the action caught them off guard. The RBA stated in a statement that additional interest rate hikes were still necessary to reduce inflation, although economists now believe only one more increase is now expected. GBP/AUD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Altcoins: Powerledger (POWR) - What Is It? - A Deeper Look Into the Powerledger (POWR) Platform

Altcoins: Powerledger (POWR) - What Is It? - A Deeper Look Into the Powerledger (POWR) Platform

Rebecca Duthie Rebecca Duthie 04.10.2022 18:34
Summary: What is The Powerledger and how does it work? What makes the Powerledger exchange unique? Powerledger’s present and future price positions. The Powerledger (POWR) exchange A technology startup called Powerledger (POWR) creates software for distributed and decentralized energy markets in the sake of a sustainable future. It has created a blockchain-based trading platform that makes it possible to track and trade commodities related to the environment, flexibility services, and energy. Its objective is to serve as the foundation for an entirely updated, market-based grid that gives consumers a choice in their energy while promoting the democratization of power. Powerledger, an Australian-based company with offices worldwide, has over 30 customers in 11 different nations. The Powerledger (POWR) and Sparkz coins are used by Powerledger, which runs on two different blockchain layers. The platform itself makes use of two blockchains: the open Ethereum blockchain and the closed EcoChainTM consortium blockchain. The POWR token is an ERC-20 token that serves as the authorization code needed for enterprises like utilities, operators of renewable energy sources, microgrids, firms committed to using only renewable energy sources, and real estate developers to use Powerledger's network. Through the Ethereum Smart Bond exchange, POWR is traded. 30 nations had attained grid parity in 2015, which meant that the cost of solar energy was either equal to or cheaper than the cost of regional retail electricity. Powerledger offers energy solutions that are more affordable and environmentally friendly than conventional energy alternatives. It does this by combining renewable energy and blockchain technology. With the ability to execute 50,000+ energy transactions per second, Powerledger's Proof-of-Stake Energy Blockchain enables Powerledger to develop and grow energy projects all over the world. Stake your POWR to participate in securing Powerledger's Energy Blockchain and to participate in transactions involving sustainable energy sources while earning incentives. Owners of renewable energy assets can choose who to sell their energy to and at what price using Powerledger. Trades are carried out across a supervised distribution network that offers a secure revenue source. Users can use a hardware wallet to protect their POWR. All wallets that accept Ethereum also support POWR, an ERC20 coin. The Uniqueness of Powerleger (POWR) uGrid, xGrid, TraceX, Vision, Power Purchase Agreements (PPA), Mode Flex, and Local Energy Market are among the products offered by Powerledger (LEM). The blockchain-based platform can be grown as necessary and contracted individually. Three major pillars serve as divisions for the merchandise. Trading in commodities related to the environment, flexibility, and energy traceability. Trading and traceability of energy. You can keep track of the source and movement of energy with the use of track and trade capabilities. It can enable peer-to-peer (P2P) trading and give users control over the energy they use. Without the need for subsidies, P2P solar energy trading can handle more solar power in the grid. trading with pliability. A marketplace called MODE, or the Marketplace for Optimisation of Distributed Energy, enables the owners of Distributed Energy Resources (DERs) and flexible loads to monetize their assets by offering grid services. trade in environmental commodities. Technology is being utilized to make trade in environmental commodities, such as carbon credits and renewable energy certificates, more efficient, secure, and transparent. Advantages of the Powerledger exchange Powerledger enables the increasing market of residential energy suppliers by providing them control over the use of their surplus energy. Because it acts as a mediator between the user and the electric provider (or the state), the legal and administrative aspects of the transaction are handled automatically, allowing consumers to purchase and sell energy with relative ease. Present and future prices of The Powerledger network (POWR) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, POWR does fall under this category. According to some analysts, the future price of The Powerledger network (POWR) could reach up to $0.327 by 2025 and could see a price of more than $0.315 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. POWR Price Chart Sources: finance.yahoo.com, coinmarketcap.com, swapspace.co, coinswitch.co
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

NGAS Hovering Around 12-week Lows, Cotton Touching 15-month Lows, Gold Futures Weighed Down By Strong US Dollar

Rebecca Duthie Rebecca Duthie 04.10.2022 12:59
Summary: NGAS prices in the US reached their highest summer levels since 2008. Economic uncertainty around cotton demand persists. Gold futures amidst hawkish central banks. NGAS supply concerns persist Pressure from record domestic supply levels and waning weather-driven demand as the weather turned cooler kept US natural gas contracts around a 12-week low. In the first eight months of 2022, natural gas output in the US is anticipated to have increased by around 4% from a year earlier, hitting a record high of 101 Bcf/d in late September. Additionally, the protracted outage at the Texas Freeport LNG export facility has already decreased US natural gas use for months, leaving more gas for US utilities to add to reserves in preparation for the next winter. A series of heat waves across the US raised the need for cooling at a time when there was an increase in demand for US LNG exports due to worries about shortages in Europe. At the same time, natural gas prices in the US reached their highest summer levels since 2008. NGAS Nov ‘22 Futures Price Chart Cotton weighed down by demand concerns Trading in cotton futures was below a level not seen since July 2021 as traders considered the likelihood of more supply and less demand as a result of quicker rate hikes and economic uncertainty. Regarding the supply, the USDA's most recent report showed that the crop of US cotton increased from 12.48 million acres in August to 13.79 million acres in September, or over 19% more than the 11.22 million acres planted in 2021. 375 lakh bales are anticipated to be produced in India, another major producer, during the season 2022–23, assuming that the weather is cooperative through October. Crops are still in danger because of unfavorable weather and pest infestations in the main growing regions. Cotton Dec ‘22 Futures Price Chart Gold weighed down by strong US Dollar After breaching the crucial $1,700 barrier earlier in the session, gold prices retreated toward $1,690 an ounce on Tuesday, constrained by a strong dollar and amid anticipation that the US Federal Reserve will move through with its aggressive plan to combat high inflation. John Williams, president of the New York Fed Bank, stated on Monday that the US still has "major ways to go" in terms of monetary tightening because interest rates have not yet reached levels that are constrictive for economic growth. The European Central Bank is also anticipated to announce another significant rate increase, as the euro zone's inflation rate surpassed expectations in September to reach a new record high of 10%. The metal, meanwhile, rose more than 2% on Monday to its best levels in almost three weeks as Treasury yields dropped precipitously and the dollar suffered from weaker-than-expected US manufacturing data, which fueled hopes that the US central bank could pause the tempo of rate increases. Gold Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Analysis Of The AUD/JPY Currency Pair Scenarios

RBA Missed Market Expectations With Their Interest Rate Decision

Rebecca Duthie Rebecca Duthie 04.10.2022 12:59
Summary: AUD declines in the wake of the RBA interest rate decision. 25bps interest rate hike from the RBA. AUD weaker. RBA 25bps interest rate decision The Australian Dollar fell when the Reserve Bank of Australia (RBA) announced a 25 basis point increase in interest rates, indicating that the peak in Australian interest rates was approaching. Markets anticipated another 50bp increase, but the action caught them off guard. The RBA stated in a statement that additional interest rate hikes were still necessary to reduce inflation, although economists now believe only one more increase is now expected. The 'dovish' outcome resulted in a weaker Australian Dollar relative to the bulk of G10 currencies. The Pound to Australian Dollar rose by a third of a percent to 1.7480, its highest level since early August. "AUD is a significant underperformer after the RBA hiked 25bp against a consensus for a 50bp move," says Adam Cole, Chief Currency Strategist at RBC Capital Markets. Effect of interest rate hiking on the AUD The cash rate has now increased six times in a row by the RBA, reaching 2.60%, which Governor Philip Lowe described as a "substantial" rate of tightening. The Australian Dollar may no longer receive rate support as a result of the RBA's rate hike cycle, but one expert claims that the prognosis for the currency is actually positive. According to ANZ, in order to guarantee that inflation does reach its goal level, the cash rate will need to increase to obviously restrictive territory above 3%. "The slower pace of rate hikes now points to the tightening cycle extending into 2023," says Plank. Plank observes that the 25bp decision and overall tone of the statement have significantly reduced market expectations for future interest rate increases. In the wake of the decision, three-year ACGB futures are trading at an implied yield of 3.3%, which is over 40 bps lower than Monday's closing. Sources: investing.com, poundsterlinglive.com
PBoC May Help Improve EUR/USD In The Coming Weeks, NZD Ahead Of RBNZ Interest Rate Decision

PBoC May Help Improve EUR/USD In The Coming Weeks, NZD Ahead Of RBNZ Interest Rate Decision

Rebecca Duthie Rebecca Duthie 04.10.2022 09:09
Summary:The ECB is under increasing pressure due to an inflation issue.GBP/EUR exchange rate has recovered significantly from last week's lows.Eurozone facing energy crisisThe market is reflecting bullish signals for this currency pair. Recently, there hasn't been much reason to be happy about the Euro to Dollar exchange rate, but there is a chance that it could improve significantly in the weeks ahead if the Peoples' Bank of China (PBoC) is still committed to stabilizing a closely correlated Renminbi before a crucial event in the Chinese political calendar. The sabotage of the Nordstream pipelines last week has exacerbated the energy challenges facing Europe's economies at the same time that the European Central Bank (ECB) is under increasing pressure due to an inflation issue, which is having a negative overall impact on the euro. These new developments have further strengthened the already pessimistic analyst community, with some now predicting that the euro would lose another 8% of its value by year's end, bringing its losses to more than 20% for 2022. EUR/USD Price ChartEuro & GBP expect support this weekThe market is reflecting bearish signals for this currency pair. The Pound to Euro exchange rate has recovered significantly from last week's lows, but the outlook for further growth is unclear. It may be that the best that Sterling can hope for in the days to come is to meander sideways in a pattern of range-bound consolidation close to technical resistance at 1.1419. With both currencies now expected to find themselves better supported against the dollar this week, the danger is of a range trade in GBP/EUR. Sterling opened last week with large falls against numerous currencies, but less so against a Euro that also moved deeper below the parity level.The Office for National Statistics' (ONS) Friday announcement that its estimate of second-quarter GDP growth had been revised upward, indicating that the UK economy avoided a technical recession last quarter, and the most recent current account deficit figures both contributed to the Sterling-Euro rate's recovery last week. The UK economic data calendar for this week is not particularly noteworthy, but BoE Monetary Policy Committee member Catherine Mann is scheduled to give a speech on Monday night at an event sponsored by the CD Howe Institute with the working title "The path back to 2 percent," which will be significant for Sterling. EUR/GBP Price ChartRBNZ interest rate announcement WednesdayThe nature of the Reserve Bank of New Zealand's (RBNZ) rate announcement on Wednesday may determine whether recent significant gains in the Pound's value relative to the New Zealand Dollar are maintained, increased, or reversed. Markets anticipate the RBNZ to increase rates by another 50 basis points, although analysts and market pricing indicate the central bank is nearing the end of its cycle of rate increases.Anything less would be a significant "dovish" outcome and impact on the New Zealand Dollar. The RBNZ must deliver a 50bp boost and satisfy market expectations for the size of future hikes for the NZD to defend current levels. GBP/NZD Price ChartSources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
4 Cryptocurrencies To Keep A Watch On: Chiliz (CHZ), Big Five Token (BFT), FUNToken (FUN), Cosmos (ATOM)

4 Cryptocurrencies To Keep A Watch On: Chiliz (CHZ), Big Five Token (BFT), FUNToken (FUN), Cosmos (ATOM)

Rebecca Duthie Rebecca Duthie 03.10.2022 13:53
Summary: A summary of CHZ, BFT, FUN, ATOM. Proof of work, proof of stake, proof-of-history DApps, sports, gaming, Africa. The Chiliz (CHZ) Platform The main cryptocurrency for sports and entertainment is called Chiliz, and it is created by a FinTech company based in Malta. It runs the blockchain-based sports entertainment platform Socios, which enables consumers to take part in the management of their preferred sporting organizations. Socios.com's numerous fan tokens are an illustration of that. Fan tokens give athletic clubs and organizations a means to interact with their supporters and open up new revenue streams. Through surveys and polls, for instance, supporters can participate and have a say in club-related issues, such as what should be written on the captain's armband. The business seeks to close the gap between active and passive fandom. The level of influence fans have is decided by the clubs. The choices might be anything from choosing new jersey designs to assigning teams to exhibition games. Chiliz was the first to directly involve regular sports fans in club and organization decision-making. Read more:Altcoins: Chiliz (CHZ) - What Is It? - A Deeper Look Into the Chiliz (CHZ) Platform  The Big Five Token (BFT) platform In terms of technical innovation, Africa has historically trailed behind; the majority of its population has been reduced to using technology as a consumer good. The Nzvedaz Big Five Project seeks to alter that perception by introducing blockchain technology to Africa. The first NFT Marketplace in Africa is being created by our project. Their metaverse will reflect Africa's diversity, abundance of resources, and variety of flora and animals. Users will be able to virtually scale Mount Kilimanjaro and possess large lands from which valuable natural resources can be mined. The native currency that will be used in the ecosystem has the ticker $BFT. It will serve as the medium of exchange for NFT listings on their marketplace. When a seller sells their NFT, it will be the currency that is utilized to pay final value fees. It will serve as the medium of exchange in their first African metaverse. The best cryptocurrency exchange for trading The Big Five Token stock at the moment is PancakeSwap, if you're interested in finding out where to buy The Big Five Token at the current cost (V2). Read more: Altcoins: Big Five Token (BFT) - What Is It? - A Deeper Look Into the Big Five Token (BFT) Platform  The FUNToken (FUN) platform An asset created exclusively for the online gaming and gambling sector is the FUNToken. The Ethereum blockchain's advantages are combined with a cutting-edge tech stack in FUNToken, making FUN a potent tool for gamers, platforms, and developers alike. FUN backs the advent of new digital game era: Quick - Use the XFUN Layer 2 token for quick wallet-to-wallet and in-game transfers to extend your playing time. Transparent - Decentralized, openly logged, and traceable transactions. Processes are streamlined and made easy with Seamless - FUNToken, an ERC20 token on Ethereum with a Layer 2 token called XFUN in Ploygon. Open - Anyone can use FUNToken's power, including players, developers, and dapps. Safe – FUNToken ownership is fully anonymous. The XFUN Wallet, made available by FUNToken in the Google Play and Apple App stores, offers a safe, non-custodial means to store and transfer both XFUN and FUN. Transactions on the XFUN Wallet are frictionless and quick thanks to the absence of gas. The FUNToken will continue to hold its value in the future thanks to a calculated quarterly burn of 50% of any earnings. Read more: Altcoins: FUNToken (FUN) - What Is It? - A Deeper Look Into the FUNToken (FUN) Platform  The Cosmos (ATOM) platform Briefly put, Cosmos describes itself as a project that tackles some of the "hardest difficulties" the blockchain sector has to deal with. By providing an ecosystem of interconnected blockchains, it seeks to provide an alternative to "slow, expensive, unscalable, and ecologically destructive" proof-of-work methods, such as those employed by Bitcoin. The project's core is the Cosmos Software Development Kit (SDK). With SKD, developers can simply build their own unique blockchains from the ground up that can interact with other blockchains in the Cosmos ecosystem. The Tendermint Byzantine Fault Tolerance (BFT) consensus method is the default consensus engine included in the Cosmos SDK. Other characteristics include the Cosmos Inter-Blockchain Communication (IBC), which enables token transfers and data sharing between Cosmos-based blockchains. As we previously discussed, Cosmos is referred to as "Blockchain 3.0," and one major objective is to make sure that its infrastructure is easy to utilize. The Cosmos software development kit emphasizes modularity in order to achieve this. The Interchain Accounts improvement will be the biggest to the ecosystem since Stargate, which made it possible for Cosmos blockchains to communicate with one another for the first time ever using the IBC standard protocol. Read more: Altcoins: Cosmos (ATOM) - What Is It? - A Deeper Look Into the Cosmos (ATOM) Platform  Sources: FXMAG.com
UK Manufacturing (PMI) Data Just Missed Market Expectations

UK Manufacturing (PMI) Data Just Missed Market Expectations

Rebecca Duthie Rebecca Duthie 03.10.2022 13:52
Summary:GBP Manufacturing PMI data missed market expectations.Sector's business conditions worsened for a second consecutive month.PMI revealed that input cost inflation climbed for the first time in five months.GBP Manufacturing dataAccording to a carefully regarded poll released on Monday, British manufacturing output dropped for a third consecutive month in September and orders decreased for a fourth straight month as a result of weakening international demand.The S&P Global/CIPS UK Manufacturing PMI was marginally revised lower to 48.4 in September 2022 from an earlier estimate of 48.5, indicating a worsening in the sector's business conditions for a second consecutive month. Intermediate goods makers experienced the greatest production decrease, although the consumer and investment goods industries also experienced notable rates of contraction. The volume of new business decreased for the fourth consecutive month, with new export business declining the most since May 2020. There have been reports of expected orders being canceled or delayed as a result of factors like the cost-of-living crisis, rising uncertainty, and inflationary pressure. While outstanding business decreased for the seventh consecutive month, employment increased as businesses reported success in filling open positions. On the price front, input costs and output charges both increased more quickly, stayed high, and were far over the averages of their respective surveys.As consumers and businesses struggle with rising energy prices, an increase in borrowing costs, and a volatile currency that hit a record low against the US dollar on September 26, Britain's economy is on the verge of going into recession. Although a weaker pound should, in principle, increase demand for British goods by making them more affordable for foreign consumers, previous currency declines in 2008 and 2016 had little impact. The PMI revealed that input cost inflation climbed for the first time in five months, partially as a result of the weaker pound, and that sterling weakening does increase the cost of imports of fuel and raw materials, which are frequently priced in dollars.Sources: tradingeconomics.com, reuters.com
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

Brent Crude Oil Prices Drop For 4th Consecutive Month, Silver Futures, Corn Rising To Start The Week

Rebecca Duthie Rebecca Duthie 03.10.2022 13:52
Summary: Oil prices fell for the fourth consecutive month in September. A global economic downturn is also affecting bullion investments. Corn futures rise at the start of the week. Brent Crude Oil weighed down by economic recession concerns In response to growing rumors that OPEC+ would consider reducing output by up to 1 million barrels per day at a meeting later this week to support prices, Brent oil futures jumped more than 4% near $89 per barrel on Monday. After lowering output by 100,000 bpd in August to address macroeconomic headwinds, this action will represent the cartel's second consecutive monthly drop. As aggressive monetary tightening by major national economies fuelled concerns about a worldwide economic downturn and reduced energy demand, oil prices fell for the fourth consecutive month in September. Oil prices were also affected by the Covid-related uncertainty in China, the world's largest crude importer, and a strong dollar that increases the cost of goods with US dollar prices for foreign customers. Brent Crude Oil Futures Price Chart Hawkish Fed driving investors away from Silver The price of silver in futures contracts was $19.30 per ounce, falling further from the one-month high of $19.8 reached in mid-September as renewed dollar demand and the expectation that the Federal Reserve will maintain its current policy of low interest rates for an extended period of time drove investors away from bullion. The Fed predicted that borrowing costs might increase to as much as 4.6% by March 2023 and increased its fund rate by 75 basis points for the third time in a row. With swaps pricing bets that its deposit rate will grow to 3% by May 2023, the ECB is likewise anticipated to rapidly raise its interest rates. A global economic downturn is also affecting bullion investments, as well as jewelry sales from China and India, the world's two largest consumers of technology and autos. Silver Dec ‘22 Futures Price Chart Corn prices rise to start the week The price of corn is rising to start the week. Close observation of the Ukraine-Russian conflict's escalation is necessary. Trading on a contract for difference (CFD) that reflects the benchmark market for this commodity shows that corn has grown 92.12 USd/BU or 15.53% since the start of 2022. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com, barchart.com
GBP Ends September Stronger In The Wake Of Surprising UK GDP Data, EU CPI Missed Market Expectations

GBP Ends September Stronger In The Wake Of Surprising UK GDP Data, EU CPI Missed Market Expectations

Rebecca Duthie Rebecca Duthie 30.09.2022 11:10
Summary: The UK economy grew in the second quarter of 2022. The acceleration in growth came after a boost to services output. EU CPI came in hotter than expected. UK GDP surprised markets The UK economy grew in the second quarter of 2022, according to the ONS, upending original forecasts of a 0.1% contraction. Revisions for the pandemic-related decline, however, were much smaller. In order for the UK to officially enter a technical recession with growth of 0.2%, the third and fourth quarters would have to show quarterly drops. According to the ONS, the acceleration in growth came after a boost to services output, which was expected to have grown by 0.2% in Quarter 2. The wholesale, retail, and health industries, however, continued to experience difficulty. "The good news is that the economy is not already in recession. The bad news is that contrary to previous thinking, it still hasn’t returned to pre-pandemic levels," says Paul Dales, Chief UK Economist at Capital Economics. UK GDP was initially predicted to have increased by 7.4% in 2021, however that estimate has since been revised upward to 7.5%. Real GDP is now projected to be 0.2% below pre-coronavirus levels in the fourth quarter of 2019. GBP entering month end stronger After posting gains versus the Euro, the Dollar, and the majority of other currencies over the last week, the British Pound appeared poised to close the month on a more solid foundation. Data showing that the UK economy increased in the second quarter, defying expectations for a contraction, will aid the rebound from the substantial lows recorded on Monday. The initial estimate, which had read -0.1%, was beaten according to the ONS report which read that second-quarter GDP increased by 0.2%. The current account deficit was -£33BN (5.3% of GDP), which is still significant but less than the -£44BN consensus estimate. In actuality, the deficit has significantly decreased from the first quarter, when it was a massive -£51.7BN. Many Pound exchange rates have totally recovered from the decline they experienced after Chancellor Kwasi Kwarteng's fiscal announcement, which caused investors to worry that UK debt levels would rise to unsustainable levels. This recovery was robust through Thursday. In contrast to the Dollar and the Euro, the Pound has not yet fully recovered. EU CPI Inflation at 10%!? The outlook for the remainder of the year from the eurozone remains bleak. The geopolitical tension surrounding the alleged sabotage of Nord Stream has made matters worse, and the eurozone is currently debating its ninth round of penalties as a result. However, restrictions on Russian gas continue to be a divisive matter inside the EU, with the commission advising countries that a combination of measures is needed rather than merely market intervention. The eurozone would have preferred to avoid this additional tension as it gets ready for an uncertain winter. Current expectations for the CPI inflation in the Eurozone is set at 9.7%, 0.6% up from the previous 9.1%. If the actual EU CPI (YoY) inflation missed market expectations, coming in at 10%. Will the ECB step up ? Recently, the pressure on the euro has risen as it tries to regain parity. The European Central Bank's task of containing inflation will be made even more difficult by the lower sentiment numbers. On Thursday the markets saw German CPI increase by 1.9% more than expected on a monthly basis and by 10% year over year. The ECB will be forced to continue raising interest rates at this point. It will gradually bridge the gap with the Fed, causing the EUR/USD to stabilize, if not eventually soar back above parity. The sluggish economy of the Eurozone in comparison to the US is an issue for the euro. For this reason, we do not anticipate the single currency to have a significant resurgence just yet. The actual EU CPI inflation of 10% is likely to cause the EUR to weaken against its currency counterparts, however on the contrary, the high inflation could also instill the markets with confidence that the ECB will step up their interest rate hiking cycle to try regain control over inflation. Sources: dailyfx.com, poundsterlinglive.com, investing.com
Intel (INTC) Outlook Looks Dim According To Some Analysts

Intel (INTC) Outlook Looks Dim According To Some Analysts

Rebecca Duthie Rebecca Duthie 29.09.2022 20:36
Summary:According to Zack’s, both EPS and Sales will drop in Q3 earnings.Intel announced its 13th Gen Intel Core i9-13900KIntel (INTC) Share price drops Semiconductor stocks have suffered significantly as a result of consumers turning to essentials rather than technology purchases due to the economic downturn. When there is high inflation, finding affordable food, clothing, and housing becomes extremely crucial, and mortgage rates are at their highest point since the 2008 financial crisis.The highly cyclical nature of the semiconductor industry makes the current market climate more perilous for these stocks. However, Intel (INTC) has experienced a rather significant drop. Investors have witnessed competitor Advanced Micro Devices (AMD) mature and eat into Intel's market share in front of their very eyes over the past five years.Compared to the S&P 500, Intel stock has fallen -47% so far this year, about twice as much. This has not been the case for the Semi-General Market as a whole, with AMD down -52% and Intel's Zacks Sub Industry down -48% YTD. Despite the negative market conditions currently present for semiconductor companies, Intel's decline started some time ago.According to Zacks projections, third quarter earnings will come in at $0.34 per share, down -80% from the same period last year. Additionally, a 19% decline in third-quarter sales, to $15.57 billion, is predicted. In 2022, INTC's annual earnings are predicted to decline -59% year over year, but they are predicted to increase 16% in FY23. Although sales are projected to increase by 3% to $68.23 billion in FY23, they are predicted to decline by 15% this year.Intel announced its 13th Gen Intel Core i9-13900K, branded as the "world's fastest desktop CPU," with which gamers, streamers, and others may experience "blazing clock speeds" of up to 5.8 gigahertz, in what could be seen as a single-handed attempt to revitalize the PC chip business. This is unquestionably a direct shot at the 5.7 megahertz Ryzen 9 7950X CPU from Advanced Micro Devices. INTC Price ChartSources: finance.yahoo.com, fool.com
US Dollar May Strengthen As A Result Of The US PCE Update (EUR/USD, USD/CAD) GBP Seeks To Strengthen Against The Euro

US Dollar May Strengthen As A Result Of The US PCE Update (EUR/USD, USD/CAD) GBP Seeks To Strengthen Against The Euro

Rebecca Duthie Rebecca Duthie 29.09.2022 19:06
Summary: Consumer confidence figures from the Eurozone decreased by 3.8 points. GBP seeks to continue strengthening against the Euro. Eurozone forecast looks dismal The market is reflecting bullish signals for this currency pair. The final consumer confidence figures from the Eurozone decreased by 3.8 points to -28.8 in September 2022, which was in line with initial projections and the lowest reading since the series' inception in 1985. The majority of factors, such as householders' appraisals of their past financial situations, outlooks on their future financial situations, plans to make significant purchases, and expectations regarding the state of the economy as a whole, all had a role in the sharp fall. A minor improvement in industrial mood could be fleeting given the future energy issues. The eurozone's forecast for the remaining months of the year is still dismal. The geopolitical tension surrounding the alleged sabotage of Nord Stream has made matters worse, and the eurozone is currently debating its ninth round of penalties as a result. However, restrictions on Russian gas continue to be a divisive matter inside the EU, with the commission advising countries that a combination of measures is needed rather than merely market intervention. The eurozone would have wanted to avoid this additional anxiety as it gets ready for an uncertain winter. EUR/USD Price Chart Markets awaiting German inflation release The market is reflecting bearish signals for this currency pair. In spite of easing pressures on UK bond markets and ongoing weakness in the Euro-Dollar exchange rate, the British Pound seeks to continue strengthening against the Euro. The inflation rate in North Rhine Westphalia, the most populated state in Germany, increased by 10.1% year over year in September, marking the highest increase since the early 1950s. This caused a decline in the value of the euro. The information raised concerns that German inflation data, which would be released later in the day, would confirm that the UK's stagflationary crisis is gripping Europe's largest economy as well. Separately, Germany’s network authority said gas use was well above average last week and urged homes and companies to make greater savings to avert a shortage this winter. EUR/GBP Price Chart US PCE update due The market is reflecting bullish signals for this currency pair. As the Relative Strength Index (RSI) retreats from an extreme reading, the recent rally in USD/CAD appears to be coming to an end after clearing the high of July 2020 (1.3646). The core reading, the Fed's preferred measure of inflation, is forecast to increase to 4.7% in August from 4.6% per year in July, and signs of persistent price growth may force the Federal Open Market Committee (FOMC) to maintain its approach to combating inflation as the central bank pursues a restrictive policy. This could cause the US dollar to strengthen as a result of the US PCE update. As a result, the US Dollar may continue to perform better than its Canadian counterpart because the Summary of Economic Projections (SEP) show a steeper path for the Fed Funds rate, and USD/CAD may show a bullish trend for the rest of the year because the Bank of Canada (BoC) appears to be on track to implement smaller rate hikes in the upcoming months. USD/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Altcoins: Cosmos (ATOM) - What Is It? - A Deeper Look Into the Cosmos (ATOM) Platform

Altcoins: Cosmos (ATOM) - What Is It? - A Deeper Look Into the Cosmos (ATOM) Platform

Rebecca Duthie Rebecca Duthie 29.09.2022 15:56
Summary: What is The Cosmos Platform and how does it work? What makes the Cosmos exchange unique? Cosmos’ past, present and future price positions. The Cosmo platform Briefly put, Cosmos describes itself as a project that tackles some of the "hardest difficulties" the blockchain sector has to deal with. By providing an ecosystem of interconnected blockchains, it seeks to provide an alternative to "slow, expensive, unscalable, and ecologically destructive" proof-of-work methods, such as those employed by Bitcoin. The project's additional objectives include reducing the complexity and difficulty of blockchain technology for developers through the use of a modular framework that demystifies decentralized apps. Last but not least, an inter blockchain communication protocol facilitates communication between blockchain networks, reducing market fragmentation. The project's core is the Cosmos Software Development Kit (SDK). With SKD, developers can simply build their own unique blockchains from the ground up that can interact with other blockchains in the Cosmos ecosystem. The Tendermint Byzantine Fault Tolerance (BFT) consensus method is the default consensus engine included in the Cosmos SDK. The start of Cosmos may be traced to the establishment of Tendermint in 2014, a key contributor to the network. A white paper for Cosmos was published in 2016, and a token sale took place in 2017. Earned using a hybrid proof-of-stake method, ATOM coins contribute to the security of the Cosmos Hub, the project's main blockchain. The network's governance includes this cryptocurrency. Other characteristics include the Cosmos Inter-Blockchain Communication (IBC), which enables token transfers and data sharing between Cosmos-based blockchains. The current market capitalization for Cosmos (ATOM) is $3,671,719,399. The current circulating supply is 286,370,297 ATOM tokens. The native token of the Cosmos Hub is ATOM. The Cosmos Hub primarily uses ATOMs for voting and staking. Transaction fees go to the Cosmos Hub, who then distributes them to ATOM stakers. The project website claims that as new services like interchain security and inter-blockchain bridges are released, staking payouts will rise. The uniqueness of the Cosmos platform The degree of fragmentation present in blockchain networks is a big source of worry for several people working in the cryptocurrency sector. Although there are hundreds of them, relatively few of them have communication capabilities. By enabling this, Cosmos hopes to flip this on its head. As we previously discussed, Cosmos is referred to as "Blockchain 3.0," and one major objective is to make sure that its infrastructure is easy to utilize. The Cosmos software development kit emphasizes modularity in order to achieve this. This makes it simple to construct networks out of preexisting code. In the long run, it is envisaged that this will make building sophisticated applications simple. Another priority is scalability, which refers to the ability to execute far more transactions per second than more traditional blockchains like Bitcoin and Ethereum. Blockchains must be able to handle demand as well as current payment processing firms or websites, if not better, in order to become widely used. The Interchain Accounts upgrade will be made available on February 17, 2022, according to the Interchain Foundation, a non-profit entity of the Cosmos ecosystem. The Inter-Blockchain Communications (IBC) protocol, which went live in April 2021, is the Cosmos standard for blockchain interoperability. It makes it possible for one blockchain to manage an account on another. There are now 38 projects using IBC, including Terra, the Crypto.org chain, and Gravity bridge. The Interchain Accounts improvement will be the biggest to the ecosystem since Stargate, which made it possible for Cosmos blockchains to communicate with one another for the first time ever using the IBC standard protocol. Users can stake, vote, swap tokens, and more using Interchain Accounts on other blockchains. "Enabling composability in IBC [which] permits innovation in diverse applications to be delivered without requiring to upgrade the entire Interchain" is the stated goal of the upgrade. Present and future prices of The Cosmos network (ATOM) Over the past 6 months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, ATOM does fall under this category. According to some analysts, the future price of The Cosmos network (ATOM) could reach up to $39.51 by 2025 and could see a price of more than $236.75 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ATOM Price Chart Sources: finance.yahoo.com, coinmarketcap.com, capital.com, priceprediction.com
Oil Is An Indicator Of The Health Of The Global Economy

Platinum Weighed Down By A Strong US Dollar, Wheat Supported By Supply Concerns, RBOB Gasoline On The Rise Again

Rebecca Duthie Rebecca Duthie 29.09.2022 15:26
Summary: 2022 has seen platinum prices drop 10.71%. Wheat futures close to 3-month highs. RBOB Gasoline rises after 100 days of declines. Platinum futures under pressure from strong US Dollar Since the start of 2022, platinum prices have dropped by 103.12 USD/t oz., or 10.71%, according to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity. Gold, silver, platinum, and palladium were all affected negatively by the surging US dollar (DXY), which rose to new 20-year highs on Wednesday morning. As demand from the Chinese automobile industry remained poor and is now being further pushed by a rising dollar, platinum fell 1.1% to $838 per troy ounce (DXY). Additionally down 1.4% to $2,056 per troy ounce was palladium. Platinum Jan ‘23 Futures Price Chart Concerns around a wheat shortage driving prices As fresh escalation threats about the Russian invasion of Ukraine stoked concerns about a shortage, Chicago wheat futures increased and came close to reaching the nearly three-month high from late September. Shortly before holding referendums to join Russia in four regions of Ukraine, President Putin ordered Russia's first military mobilization since World War II. Concerns were raised about Moscow's ability to halt the UN-negotiated safe trade route from Ukrainian Black Sea ports, which would eliminate the newly resumed supply from one of the world's largest wheat exporters and producers. News that increased export levies from the Kremlin would restrict sales of the nation's record harvest this marketing year contributed to further price increases. Chicago Dec ‘22 Wheat Futures Price Chart RBOB Gasoline futures In response to a hurricane barreling into Florida, President Joe Biden issued a warning to oil corporations not to raise gasoline prices. This is the second time this week that he has expressed concern over rising pump costs. Regular gasoline is becoming more expensive on average in the United States. After falling for nearly 100 consecutive days throughout the summer driving season, the price has now started to rise once more. RBOB Gasoline Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com, capital.com
APPLE (APPL) Share Price Drops With iPhone 14 Production Forecasts

APPLE (APPL) Share Price Drops With iPhone 14 Production Forecasts

Rebecca Duthie Rebecca Duthie 28.09.2022 21:45
Summary:Apple's ambitions to increase iPhone production are off the table.Apple stockholders may be more wary of this news amidst the hawkish Fed.Apple decreases their production forecast for iPhone 14As it had anticipated greater demand for the newest iPhone 14 models, Apple had instructed its suppliers to get ready for expanded production. Bloomberg was told by insiders that some of the demand for Apple's entry-level iPhone 14 devices never materialized.According to a report, Apple's ambitions to increase iPhone production are off the table. After a dismal iPhone report, Apple's (AAPL) stock is off its day low but is still down more than 2.5%. According to the Bloomberg article, plans to increase manufacturing are no longer viable since iPhone demand is not as high as some investors may have thought. The stock's decrease creates an intriguing market dynamic and coincides with a bond and stock market boom, both of which are taking place without Apple.Apple is anticipated to reduce its annual phone output by around 6 million units. In the second half of this year, the business would create about 90 million units of its newest models, which is almost the same amount of new iPhones it produced during the same period last year.The decrease in iPhone production appears to be the result of lower-than-expected demand for Apple's entry-level iPhone 14 models and higher-than-expected demand for the iPhone 14 Pro/Max models.While the news that Apple is asking its suppliers to create 90 million units of its new models is receiving a strong response from investors today, it is important for them to bear this in mind. Therefore, even though the company had lately anticipated a boost in demand that didn't materialize, what the company had initially anticipated a little over a month ago remains unchanged. Apple stockholders may be more wary of this news while the Federal Reserve keeps raising interest rates quickly, and investors are concerned that the Fed's action could ultimately push the economy into a recession. APPL Price ChartSources: finance.yahoo.com, fool.com, thestreet.com
Hawkish Fed Minutes Spark US Market Decline to One-Month Lows on August 17, 2023

EUR/USD Close To 20-year Lows, IMF Criticizes The UK Government (EUR/GBP, GBP/USD)

Rebecca Duthie Rebecca Duthie 28.09.2022 19:15
Summary: The Euro is looking down at a 20-year low against the US Dollar. A BoE statement said that it would interfere in the bond markets. Federal Reserve could be obliged to speed up the rate at which it raises interest rates. US Treasury 10-year note exceeds 4% The market is reflecting mixed signals for this currency pair. As a result of a mix of Fed and White House rhetoric that puts the brakes on a shift in market conditions, the Euro is looking down a 20-year low against the US Dollar. Overnight, St. Louis Federal Reserve President James Bullard reiterated the determination of the Fed to stare down price pressures when he said, “There’s a lot of tightening in the pipeline,” and “we have a serious inflation problem in the US.” Evans and Kashkari, two additional Fed board members, backed up his aggressive remarks. Treasury rates in some areas of the curve have increased to levels unseen in decades as a result of all this talk. For the first time since 2008, the yield on the 10-year note exceeded 4%. Government bond yields in developed markets around the world are escalating. The probable disruption of three Russian gas pipelines has made the situation in the Euro worse and driven up prices. EUR/USD Price Chart British pound to dropped quickly on Wednesday The market is reflecting mixed signals for this currency pair. The UK government's fiscal stimulus program, which was revealed last Friday and over the weekend, has received harsh criticism from the International Monetary Fund. Huw Pill, the chief economist at the Bank of England, said that the monetary policy should react appropriately to the fiscal policy. The Bank of England's statement that it would interfere in the bond markets caused the British pound to drop quickly, but a recovery later in the day indicated that markets are generally supportive of the central bank's decision to settle the bond markets. The Bank said unexpectedly that it would purchase long-dated UK assets in order to limit their yields. EUR/GBP Price Chart Pound has a strong inverse relationship with risk The market is reflecting mixed signals for this currency pair. The publication of better-than-expected statistics out of the U.S. overnight caused a decline in global markets, which in turn led investors to wager that the Federal Reserve could be obliged to speed up the rate at which it raises interest rates. Stock markets were affected by expectations of rising rates, which also helped the dollar and put pressure on other weaker currencies like the pound. The Pound has a strong inverse relationship with risk and tends to decline as the world markets decline. The announcement of new orders for durable goods data, which showed a dip of 0.2% in August but was better than the average expectation for a decline of 0.3%, was what first caused the decline in Sterling and other risk-sensitive assets. GBP/USD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Altcoins: FUNToken (FUN) - What Is It? - A Deeper Look Into the FUNToken (FUN) Platform

Altcoins: FUNToken (FUN) - What Is It? - A Deeper Look Into the FUNToken (FUN) Platform

Rebecca Duthie Rebecca Duthie 28.09.2022 12:31
Summary: What is The FUNToken Platform and how does it work? What makes the FUNToken exchange unique? FUNToken’s past, present and future price positions. The FUNToken platform An asset created exclusively for the online gaming and gambling sector is the FUNToken. The Ethereum blockchain's advantages are combined with a cutting-edge tech stack in FUNToken, making FUN a potent tool for gamers, platforms, and developers alike. FUN backs the advent of new digital game era: Quick - Use the XFUN Layer 2 token for quick wallet-to-wallet and in-game transfers to extend your playing time. Transparent - Decentralized, openly logged, and traceable transactions. Processes are streamlined and made easy with Seamless - FUNToken, an ERC20 token on Ethereum with a Layer 2 token called XFUN in Ploygon. Open - Anyone can use FUNToken's power, including players, developers, and dapps. Safe – FUNToken ownership is fully anonymous. By actively encouraging additional gaming operators to benefit from the FUNToken ecosystem and player base, existing product development and extension has increased the token's use. The XFUN on Polygon, which is quicker and less expensive than Ethereum, has just been released by FUNToken. Only through a 1:1 bridge mechanism with FUN is this token accessible. In order to purchase the new token, users must escrow their FUN, which lowers the trading supply and ultimately raises demand. The XFUN Wallet, made available by FUNToken in the Google Play and Apple App stores, offers a safe, non-custodial means to store and transfer both XFUN and FUN. Transactions on the XFUN Wallet are frictionless and quick thanks to the absence of gas. The FUNToken will continue to hold its value in the future thanks to a calculated quarterly burn of 50% of any earnings. As an ERC-20 token built on Ethereum, FUN uses the proof-of-stake (PoS) consensus algorithm. Proof-of-stake (PoS) was developed as a substitute for the proof-of-work (PoW) consensus employed by Bitcoin. PoS distributes mining power depending on already obtained tokens, whereas PoW requires a considerable amount of processing power to mine tokens. Numerous analysts point out that PoS is an easily scalable consensus technique that offers more use case flexibility. Consequently, in recent years, this consensus method has become much more widely used. The FUNTokens Uniqueness By easing tension between players and operators and returning control of player funds to players, FUNToken aims to change a flourishing industry. With the quick, gas-free operation on Polygon now accessible via mobile wallets, FUNToken is founded on standards and offers a scalable and reliable way to access decentralized applications. The current market capitalisation for FUNToken is currently $79,585,123. There is a maximum supply of 10,999,873,621 tokens, 100% of which are currently in circulation. The Advantages of FUNToken Speed, make the most of your gaming time with quick wallet-to-wallet transfers. Secure, FUNToken ownership is protected via non-custodial wallets and is anonymous. Seamless,they are ERC20 tokens, FUN/XFUN. The blockchain streamlines and speeds up business procedures. Open, everyone may utilize the power of FUN, including users, communities, and developers. Transparent, decentralized, transparently recorded, and traceable transactions are used. FUN IS TRADEABLE AND LIQUID, The best aspect is that FUN is also traded on significant exchanges including Binance, Uniswap, Gate.io, HitBTC, and BitFinex. To purchase FUN, click on the logo of your preferred exchange below, or select "Buy FUN Tokens" to do so using the Rubic widget. Past, present and future prices of The FUNToken network (FUN) In Early 2018 the price of the FUN token reached its first price peak and its highest price at $0.1728. Since then the price has fallen consistently. In early 2021 the price began to rise again, but has since found a stable price throughout 2022. Over the past 6 months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, FUN does fall under this category. According to some analysts, the future price of The FUNToken network (FUN) could reach up to $0.035 by 2025 and could see a price of more than $0.22 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. FUNToken Price Chart Sources: finance.yahoo.com, coinmarketcap.com, funtoken.io, technewsleader.com
Oil trades around USD 100, gold edges higher

WTI Crude Oil Touching January Lows, Palladium Futures Reaching Highest Level In 4-weeks, Coffee Futures

Rebecca Duthie Rebecca Duthie 28.09.2022 11:45
Summary: Likelihood of a worldwide recession that might harm energy consumption. Palladium prices are 30% lower than they were in March. The drawback is that continued upward momentum has been constrained by a generally stronger dollar. WTI Crude Oil touching January lows On Wednesday, WTI crude futures declined toward $77 per barrel, returning to their lowest levels since early January, as worries that OPEC+ may further restrict supply were countered by a strengthening currency and increasing US petroleum inventories. After a White House official ruled out a currency deal among major nations to reduce the dollar, the dollar index soared to a fresh 20-year high. Prior to the release of official figures later on Wednesday, industry data revealed that the US crude stockpiles increased by over 4 million barrels last week. With aggressive monetary tightening increasing the likelihood of a worldwide recession that might harm energy consumption, oil prices have been under intense selling pressure since June and are expected to report their first quarterly loss in more than two years. While this was going on, dramatic drops in oil prices fueled rumors that OPEC+ might reduce output to stop the decline. Moscow reportedly urged the cartel to reduce production by approximately 1 million barrels per day. WTI Crude Oil Futures Price Chart Palladium touching 4-week highs As the dollar index deviated from 20-year highs, palladium futures increased their gains to $2,200 per ounce, the highest level in almost four weeks. Nevertheless, in spite of rising interest rates and slowing GDP, palladium prices are 30% lower than they were in March. It is anticipated that central banks would keep raising interest rates to keep inflation from soaring even when the economy is slowing. Furthermore, despite the price increase and supply chain disruptions, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet returned to its pre-pandemic levels. However, there is still a shortfall on the palladium market. Palladium Futures Price Chart Coffee futures Due to limited supply, Arabica coffee futures on ICE increased their gains from a one-month low reached on September 16th. While Brazilian crop agency Conab reduced its 2022 arabica coffee production estimate from May's projection of 35.71 million bags to 32.41 million 60kg bags, as adverse weather curbed coffee yields, posing risks for next year's production, new data showed ICE-certified arabica stocks fell to a fresh 23-year low of 460,387 bags. At the same time, exports of coffee from Colombia, the second-largest producer of arabica beans in the world, decreased 7% during the first seven months of the year and plunged 21% year over year in August. The drawback is that continued upward momentum has been constrained by a generally stronger dollar. Coffee Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
JABIL (JBL) Stock Surged In The Wake Of Favourable Q4 Earnings Results

JABIL (JBL) Stock Surged In The Wake Of Favourable Q4 Earnings Results

Rebecca Duthie Rebecca Duthie 27.09.2022 22:00
Summary: JBL beast market expectations for Q4 earnings results. Sales of diversified manufacturing increased 13%. JABIL (JBL) Q4 earnings report On Tuesday, contract manufacturer Jabil (JBL) easily surpassed Wall Street's expectations for the current quarter of its fiscal year. The announcement caused JBL stock to rise. The St. Petersburg, Florida-based business reported adjusted earnings of $2.34 per share on $9.03 billion in revenue for the three months ended August 31. Jabil was predicted to report earnings of $2.15 per share on sales of $8.39 billion by analysts surveyed by FactSet. Jabil's earnings increased by 63% year over year while its sales increased by 22%. Jabil forecast adjusted earnings of $2.20 per share on $9.3 billion in sales for the current quarter. On the midpoint of its guidance, that is based. Wall Street expected Jabil to report first-quarter fiscal earnings of $2.11 per share on sales of $8.93 billion. It generated $1.92 in profit per share on $8.57 billion in revenue during the same time last year. Jabil additionally disclosed plans to repurchase up to $1 billion worth of its stock. According to IBD MarketSmith charts, JBL stock has established a cup-and-handle foundation with a purchase point of 65.98. Electronics manufacturing services and diversified manufacturing services are Jabil's two business divisions. Equipment for 5G wireless, cloud computing, networking, data storage, industrial, and other applications is produced by the electronics manufacturing facility. The company's diverse production facility produces mobile, medical, automotive, and other gadgets. Sales of diversified manufacturing increased 13% while sales of electronics manufacturing increased 32% year over year at Jabil. According to IBD Stock Checkup, JBL stock is tied for first place out of 15 stocks in the electronics contract manufacturing business group. It gets a 98 out of 99 IBD Composite Rating. Regardless of industry sector, the Composite Rating compares a stock's main growth characteristics to all other companies. Out of 197 industry groups that IBD monitors, the electronics contract manufacturing industry group comes in at number 33. JBL stock is also included in IBD's list of Tech Leaders stocks. JBL Price Chart Sources: finance.yahoo.com, investors.com
US Dollar Continues To Rally (EUR/USD), The GBP Could Be Face Severe Challenges (EUR/GBP, GBP/CAD)

US Dollar Continues To Rally (EUR/USD), The GBP Could Be Face Severe Challenges (EUR/GBP, GBP/CAD)

Rebecca Duthie Rebecca Duthie 27.09.2022 19:17
Summary:The Euro gained some support this Tuesday.The challenges facing the pound are now so severe.GBP/CAD exchange rate significantly recovered from an earlier decline.Euro data due this weekThe market is reflecting bearish signals for this currency pair. After exhibiting a knee-jerk reaction to the Federal Reserve interest rate decision, the EUR/USD cleared the low of December 2002 (0.9859), but new data prints coming out of the Euro Area may halt the recent slide in the exchange rate as inflation is anticipated to reach a record high. Following yesterday's disappointing performance versus the dollar, the euro gained some support this Tuesday. As the eurozone enters the winter months, fundamental headwinds still exceed any kind of positives, leaving the currency vulnerable to downside risk. Markets appear to be anticipating a shift in the Fed's current hawkish stance or a significant decline in inflationary pressures to turn the tide for the EUR/USD. Some analysts anticipate the euro to remain weak until then. EUR/USD Price ChartGBP could face a poor futureThe market is reflecting bearish signals for this currency pair. According to a respected economist, the British pound is undergoing a significant downward adjustment that won't end until it drops below parity. The challenges facing the pound are now so severe, according to Lawrence Summers, a former American secretary of the Treasury, director of the National Economic Council, and chief economist for the World Bank, that he is perplexed that the IMF has not issued a statement. In an effort to persuade the markets that it has the skills to combat rising inflation rates, the Bank of England will speak. Huw Pill, the chief economist at the Bank of England, stated as much when speaking at a Barclays event. Pill stated that the central bank was preparing to present a "strong policy reaction" at its November 03 policy meeting in an effort to calm the UK gilt markets and a battered pound. EUR/GBP Price ChartGBP/CAD recoveryThe Pound to Canadian Dollar exchange rate has significantly recovered from an earlier spectacular decline that sent it to all-time lows in the first session of the week, but the recovery appeared to falter before 1.50, raising the possibility that its most recent declines have given Sterling access to a new and lower trading range. Monday's volatility appeared to be related to Chancellor Kwasi Kwarteng's budget-like announcement on Friday, which included a number of stimulative policy commitments. These commitments will almost certainly result in significant increases in the issuance of government bonds as well as a future increase in the budget deficit.These included not only the simple provision of assistance with energy bills but also outright tax cuts and other giveaways, the announcement of which was followed by sharp losses for Sterling. These went beyond the cancellation of tax increases planned by the previous government and were not limited to the simple provision of assistance with energy bills. GBP/CAD Price ChartSources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Japan's Prime Minister Tested Covid Positive. Gazprom Confirmed Gas Shipment Would Be Stopped!

NGAS Touching 2-month Lows, Cotton Futures Down, Gold Sitting At Lowest Level In 2.5 Years

Rebecca Duthie Rebecca Duthie 27.09.2022 10:27
Summary: Natural gas futures are still up around 100% for the year. Cotton futures were trading at levels last seen in July 2021. The price of gold is still close to its lowest levels in 2.5 years. Larger-than-expected storage build driving NGAS prices down Under pressure from a larger-than-expected storage build, natural gas futures reached a bottom below a level not seen in two months. According to the most recent EIA data, US utilities put 103 billion cubic feet (bcf) of natural gas underground storage, significantly more than the median estimate of 93 bcf. Due to high domestic output levels and prospects for better weather through early October, prices were already under pressure. Expectations that demand would decrease even further in October when the Cove Point liquefied natural gas (LNG) plant in Maryland shuts down for maintenance added to the pessimistic picture. Due to the strong demand for US LNG exports and the rising prices of natural gas in Europe and Asia, natural gas futures are still up around 100% for the year. NGAS Oct ‘22 Futures Price Chart Cotton futures touching lows not seen since July 2021 As traders assessed the potential of larger supplies and lower demand due to quicker rate hikes and economic uncertainty, cotton futures were trading at levels last seen in July 2021. Regarding the supply, the USDA's most recent report showed that the crop of US cotton increased from 12.48 million acres in August to 13.79 million acres in September, or over 19% more than the 11.22 million acres planted in 2021. 375 lakh bales are anticipated to be produced in India, another major producer, during the season 2022–23, assuming that the weather is cooperative through October. Crops are still in danger because of unfavorable weather and pest infestations in the main growing regions. Cotton Dec ‘22 Futures Price Chart Gold futures Tuesday saw a minor recovery in gold prices from a recent low as the continuous dollar advance paused, moving closer to $1,630 an ounce. On predictions that the US Federal Reserve will tighten monetary policy even more in order to combat rising inflation, the price of yellow metal is still close to its lowest levels in 2.5 years. On Monday, a number of Fed members reaffirmed their commitment to the fight against inflation, despite the possibility of some negative economic consequences and additional market instability. Investors also considered a study from the OECD, which revised its prediction for global economic growth from 2.8% to 2.2% in 2023, citing aggressive monetary tightening in leading nations and the protracted Russia-Ukraine war. Despite the fact that storing non-yielding gold bullion is generally regarded as a hedge against inflation and economic uncertainty, higher interest rates increase the opportunity cost of doing so, and investors continue to choose the dollar as a safe haven asset. Gold Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Altcoins: Big Five Token (BFT) - What Is It? - A Deeper Look Into the Big Five Token (BFT) Platform

Altcoins: Big Five Token (BFT) - What Is It? - A Deeper Look Into the Big Five Token (BFT) Platform

Rebecca Duthie Rebecca Duthie 27.09.2022 10:12
Summary: What is The Big Five Token and how does it work? What makes the Big Five Token exchange unique? Big Five Token’s present and future price positions. Big Five Token Platform In terms of technical innovation, Africa has historically trailed behind; the majority of its population has been reduced to using technology as a consumer good. The Nzvedaz Big Five Project seeks to alter that perception by introducing blockchain technology to Africa. The first NFT Marketplace in Africa is being created by our project. They will provide NFT technology to African artists in order to guarantee issues like ownership and royalties through the use of smart contracts to uphold such rights. Additionally, it expands the market rather than remaining limited to the meager amount of visitor traffic. Their metaverse will reflect Africa's diversity, abundance of resources, and variety of flora and animals. Users will be able to virtually scale Mount Kilimanjaro and possess large lands from which valuable natural resources can be mined. Never has African art received its rightful share of the multi-billion dollar market. It is a truth that many works of African art and artifacts have been taken from their native nations and are now on exhibit in museums in Europe. The creators of the works have never received payment. The ownership of works of art or artifacts will benefit from the security of blockchain thanks to the NFT marketplace built on Binance Smart Chain. BFT is a deflationary currency, and there are currently 97 billion tokens in circulation. By the conclusion of the calendar year, the token supply will have been decreased by 8% thanks to our pledge to burn 1% of the entire supply each month. 25% by the end of the second year. The native currency that will be used in the ecosystem has the ticker $BFT. It will serve as the medium of exchange for NFT listings on their marketplace. When a seller sells their NFT, it will be the currency that is utilized to pay final value fees. It will serve as the medium of exchange in their first African metaverse. Early investors that purchase $BFT and hold it will benefit as BFT's value rises with each use-case. Every project that is in the works will put purchasing pressure on BFT. providing a possibility for early adopters and investors to realize returns on their BFT Holding. Value will rise when wide adoption takes hold. There are proposals to increase its applications to address problems like pricey insurance by implementing fractional.   The best cryptocurrency exchange for trading The Big Five Token stock at the moment is PancakeSwap, if you're interested in finding out where to buy The Big Five Token at the current cost (V2). Advantages of the Big Five Token platform The website serves as a decentralized marketplace for trading digital versions of authentic African art or recently issued NFTs. Digitalization is possible for many types of artists, including musicians, writers, actors, and sculptors. The Big Five was the first NFT location to feature African art. The NFT marketplace's native currency will be used to pay for marketplace fees, purchases made there, and to offer liquidity. It will also be used to hold value and advance the blockchain. Purchase and develop land Live, play, and conduct business with other locals in the awe-inspiring African Metaverse. Present and future prices of The Big Five Token network (BFT) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, BFT does fall under this category. According to some analysts, the future price of The Big Five Token network (BFT) could reach up to $0.003 by 2025 and could see a price of more than $0.016 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. BFT Price Chart Sources: finance.yahoo.com, coinmarketcap.com, priceprediction.net, nzvedazbigfive.io  
Ford (F) EV Issues Profit Warning Amid Surging Commodity Prices

Ford (F) EV Issues Profit Warning Amid Surging Commodity Prices

Rebecca Duthie Rebecca Duthie 27.09.2022 09:49
Summary:Ford F issued a profit warning last week.Ford's historic BlueOval City facility in Tennessee has begun building.Ford (F) motor companyThe electric vehicle (EV) revolution is accelerating, and businesses are scrambling to gain a firm foothold in this market. Investing in e-mobility is increasing, and traditional automakers have ambitious goals for electrifying their fleet. As work got underway at its BlueOval megacampus for EV expansion, Ford F stole the show. The corporation plans to produce 600,000 EVs annually by the end of the current year and 2 million by the end of 2026. To achieve the goals, the BlueOval City unit will undoubtedly help scale up EV production. Ford's historic BlueOval City facility in Tennessee has begun building. It is anticipated that in 2025, production of cutting-edge batteries would start for Ford and Lincoln EVs, including the F-150 Lightning and a second brand-new battery-electric pickup. The land's preparation already started in March, and it has made good progress thus far. Since it propels Tennessee to the front of the EV race, the development is notable for Tennessee as well. A vehicle assembly factory, a battery plant jointly run by Ford and SK, as well as supplier facilities and battery recycling operations, will all be located in BlueOval City. Once manufacturing starts, the facility is anticipated to have 6,000 employees by 2025.In a memorandum of understanding signed less than a year ago, Ford and the South Korean battery manufacturer SK On committed a staggering $5.6 billion to the construction of the highly advanced plant. The facility serves as a launchpad for Ford's next electric vehicles, which the company expects to create a stir in the EV industry.Ford profit warningOn the news front, Ford F, the world's largest automaker, last week issued a profit warning. It anticipates lower third-quarter profitability in 2022 due to rising inflationary pressure and commodity cost headwinds brought on by increased supply chain bottlenecks. The auto sector has been crippled by the ongoing microprocessor shortage, which is strangling supplies and causing automakers to get anxious. High pricing for raw materials are a challenge for businesses. This supply-chain turmoil is anticipated to last well into 2023 as well as through 2022. Ford Price ChartSources: finance.yahoo.com
Bitcoin (BTC/USD) Hitting One Milion Dollars!? What About (ETH/USD) Price Of Ethereum And Avalanche (AVAX)?

Altcoins: Chiliz (CHZ) - What Is It? - A Deeper Look Into the Chiliz (CHZ) Platform

Rebecca Duthie Rebecca Duthie 26.09.2022 20:27
Summary: What is The Chiliz Platform and how does it work? What makes the Chiliz exchange unique? Chiliz’s present and future price positions. The Chiliz platform The main cryptocurrency for sports and entertainment is called Chiliz, and it is created by a FinTech company based in Malta. It runs the blockchain-based sports entertainment platform Socios, which enables consumers to take part in the management of their preferred sporting organizations. Socios.com's numerous fan tokens are an illustration of that. Fan tokens give athletic clubs and organizations a means to interact with their supporters and open up new revenue streams. Through surveys and polls, for instance, supporters can participate and have a say in club-related issues, such as what should be written on the captain's armband. The business seeks to close the gap between active and passive fandom. With some of the top sports organizations in the world, like FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain, Chiliz has formed agreements. Additionally, it touts affiliations with gaming companies and the UFC. Fans can access a variety of fan tokens by purchasing CHZ, giving them a stake in their team. Several blockchains, including Ethereum, Binance Smart Chain, and Tron, support CHZ. Fans can vote only in openly audited polls since fan tokens are only created on Socios's sidechain using a proprietary crowd control system. A proof-of-authority consensus technique is used by the sidechain. Private companies with closed blockchains and participants solely from its ecosystem typically employ proof-of-authority. It is the best option for a sidechain because it is extremely safe, easily scalable, and less decentralized than other consensus mechanisms. Certik has audited the CHZ token. Chiliz Uniqueness Each sports league using Chiliz technology has a finite number of fan tokens available at an initial FTO (fan token offering). These tokens are available on a first-come, first-served basis, with Chiliz having previously published the opening price and completely diluted market cap. The platform's native CHZ token serves as its internal money and is used to buy fan tokens. Then, using their fan tokens to cast their votes on the Socios platform, users can, thanks to smart contracts. The level of influence fans have is decided by the clubs. The choices might be anything from choosing new jersey designs to assigning teams to exhibition games. Chiliz was the first to directly involve regular sports fans in club and organization decision-making. With the launch of the Chiliz Blockchain Campus, a privately-owned cryptocurrency incubator dedicated to accelerating blockchain technology adoption across Asia and Europe as an example, the business is always developing new ways for fans to interact. Despite having 80–100 teams in its network by the end of 2021, the firm thinks that it is only operating at roughly 10% of its potential. Advantages of the Chiliz platform Team management has evolved into a standalone kind of entertainment. The exercise of voting rights is changed into a transactional activity. Every fan's vote will have an immediate impact on teams competing in traditional sports and esports, as well as other partnered organizations. Present and future prices of The Chiliz network (CHZ) CHZ has had an extremely active year thus far in 2022. When soccer superstar Lionel Messi was announced as a global brand ambassador in a $20 million deal in March, its price increased by 25%. By March, the token had already begun to rise from its 2022 low point of $0.147. The all time highest price for the CHZ crypto $0.626 reached in early November 2021. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, CHZ does fall under this category. According to some analysts, the future price of The Chiliz network (CHZ) could reach up to $0.677 by 2023 and could see a price of more than $1.24 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. CHZ Price Chart Sources: finance.yahoo.com, coinmarketcap.com, capital.com
The GBP/USD Pair Did Not Reach The Nearest Target Level Of 1.2259

US Dollar Dictating Marker Movements (EUR/USD, GBP/USD), BoE Introduce Further Tax Cuts (EUR/GBP)

Rebecca Duthie Rebecca Duthie 26.09.2022 20:17
Summary: The Euro remains a weak currency and appears to be headed for additional declines. GBP attempted to stabilize and recover the majority of its losses from the flash crash. BoE current monetary policy will probably lead to escalating inflation pressures. EUR/USD at lowest level in more than 20 years The market is reflecting mixed signals for this currency pair. According to their most recent research, the German Ifo institute is the latest organization to issue a warning that the nation is likely to experience a recession in the upcoming quarters due to businesses' elevated level of pessimism for those months. The figures released today fell short of forecasts and numbers from the previous month. The Ifo report is the first of many German publications scheduled for this week that will provide a clearer picture of the status of the German economy. Earlier in the session, the US dollar's strength led to the Euro falling to its lowest level versus the US dollar in more than 20 years. The Euro remains a weak currency and appears to be headed for additional declines, while market movements are being dictated by the dollar across the board. EUR/USD Price Chart EUR/GBP bearish The market is reflecting bearish signals for this currency pair. According to a top economic research agency, the Bank of England must take the initiative and raise UK interest rates significantly if the collapse of the British Pound is to be stopped. The Pound has declined in value relative to every other currency in the globe, with the Pound to Euro exchange rate falling below 1.10. The British pound is currently stabilizing and recovering the majority of its losses from the flash crash. The projections for the British pound have been drastically cut by investment firm Goldman Sachs, indicating that additional losses against the Euro and a revisit of recent lows against the Dollar are possible. EUR/GBP Price Chart GBP lost 4.8% The market is reflecting bullish signals for this currency pair. This morning's Asian trading, which is often characterized by low transaction volume and little price volatility, saw an unusually steep decline in the British pound of over 4.8%. The big price change may have been influenced by the low transaction volume (reduced liquidity), but the main driver was the UK's new Chancellor Kwasi Kwarteng's announcement of more tax cuts, the largest in 50 years! Looking at the Bank of England's (BoE) current monetary policy, it is clear that the institution wants to raise interest rates to combat the inflation issue; however, a lax fiscal policy, such as energy price caps, which may benefit consumers in the short term, will probably lead to escalating inflation pressures in the medium and long terms once the fiscal support is removed. The local currency's decline, which makes inflation prone to increases, is a further contributor to the issue. GBP/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Analysis Of Crude Oil Futures, WTI Prices Recorded A Slight Decline

Brent Crude Oil Supported By Supply Disruptions, Silver Futures, Corn Futures Rising Amid Supply Concerns

Rebecca Duthie Rebecca Duthie 26.09.2022 20:16
Summary: Brent Crude rose from an 8-month low. Silver futures trading close to 2 year lows. Corn futures have been climbing steadily. Brent Crude oil rose from 8-month low Brent crude prices rose from an eight-month low of $84.6 a barrel, buoyed by worries about potential supply disruptions, particularly those from Russia given the impending EU ban on its fuel, and rumors that OPEC might step up market intervention. Early this month, OPEC and its oil-producing allies—including Russia—announced a modest supply reduction and promised to take further measures if the market volatility persisted. However, concerns are growing that a sudden tightening from the world's main central banks might halt global economic development and reduce energy demand. Additionally, a higher dollar has been pressuring energy markets, raising the cost of commodities with dollar prices for buyers using other currencies. Brent Crude Oil Futures Price Chart Silver trading near 2-year low In late September, silver futures were trading at $18.6 per ounce, close to the over two-year low of $17.9 reached earlier in the month as the Federal Reserve's monetary tightening momentum drove investors away from bullion investments and into the interest-bearing US dollar. The Fed increased the rate on its funds by 75 basis points for the third time in a row in addition to rate increases by other significant central banks, and forecast that borrowing may reach as high as 4.6% by March 2023. A worldwide economic slowdown is also impacting jewelry sales as well as consumer spending in China and India, two of the world's largest consumers of gadgets and autos. Additionally, while China and India take advantage of cheap oil and gas from Russia and Europe is moving back to coal as an energy option, progress toward green technology, such as the development of solar panels, has suffered a setback. Silver Dec ‘22 Futures Price Chart Corn futures have been climbing steady Since reaching an eight-month low in July, corn futures have been climbing steadily, breaking from their association with oil as worries about a lack of supply overcame expectations of a decline in demand. Expectations for the current crop were limited by bad weather in the major growing regions of the Americas. In the US, WASDE forecasts that output will amount to 13.9 billion bushels in the upcoming marketing year, down 415 million from earlier projections due to a fall in yields and harvesting area. Additionally, ending stocks and global production were revised downward. In the US, summer droughts caused havoc on domestic maize crops during the current marketing year, resulting in yields that were the lowest since the drought of 2012. Additionally, the impacts of La Nina in South America significantly harmed the health of the harvests, putting additional strain on supply. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Tokyo Raises Concerns Over Yen's Depreciation, Considers Intervention

US Dollars Momentum Supported By Fed Interest Rate Hiking Road Map (EUR/USD, USD/CAD), UK & Europe Could Already Be In A Recession (EUR/GBP)

Rebecca Duthie Rebecca Duthie 23.09.2022 19:01
Summary: EUR/USD is close to 20 years lows. The UK and the Eurozone may have already entered recession in the third quarter of the year. Canadian Dollar plunged to its lowest level against the U.S. Dollar since July 2020. US Dollar remains supported The market is reflecting bearish signals for this currency pair. A day after the Federal Reserve approved another sizable hike and promised to keep tightening monetary policy firmly in order to control inflation, the EUR/USD lacked confidence on Thursday, fluctuating between tiny gains and losses. This is probably due to rising U.S. Treasury yields. The exchange rate is very close to one of its lowest points in more than 20 years, having fallen dramatically from the overnight session high of 0.9907 and trading mostly flat on the day at 0.9843. The Fed's hawkish roadmap, which anticipates 150 basis points of additional tightening up to the terminal rate of 4.6% in 2023, as well as its commitment to maintaining a restrictive stance for an extended period of time, should keep U.S. rates biased to the upside and support the dollar's momentum in the FX market. EUR/USD Price Chart Europe & the UK may have already entered recession The market is reflecting bullish signals for this currency pair. According to analyst and economist readings of the data, the latest round of S&P Global PMI Surveys of the manufacturing and services sectors revealed on Friday that the economies of the UK and the Eurozone may have already entered recession in the third quarter of the year. Energy markets and developments in Ukraine, where Russian occupation troops are anticipated to be strengthened following substantial recent setbacks for the invading army at the hands of Ukrainian forces, also attracted attention in Europe. EUR/GBP Price Chart USD/CAD The market is reflecting bullish signals for this currency pair. This week, during another turbulent time for risky assets, the Canadian Dollar plunged to its lowest level against the U.S. Dollar since July 2020; however, updated BMO Capital Markets forecasts suggest that it may be due for one of the most significant recoveries if and when the dollar reaches its peak. The Canadian Dollar lost ground to the Swiss Franc on Friday as it dropped close to 73 cents versus the U.S. Dollar, but it still made significant gains over other currencies, several of which hit new multi-decade lows against the U.S. unit. USD/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Costco (COST) Q4 Earnings Results Fall As Earnings Narrow

Costco (COST) Q4 Earnings Results Fall As Earnings Narrow

Rebecca Duthie Rebecca Duthie 23.09.2022 12:50
Summary:After the better-than-anticipated Q4 earnings on Friday, COST shares declined.COST noticing signs of inflation pressures slowing down.Pre-market trading saw COST shares down 3.5%.Costco Q4 earnings resultsFollowing the bulk retailer's release of better-than-anticipated fourth quarter earnings on Friday, Costco Wholesale (COST) shares declined. However, the store also cited challenges on profit margins due to rising inflation prices and changing consumer patterns. Costco reported that diluted earnings for the fiscal fourth quarter, which ended on August 28, were up 11.7% from the prior year to $4.20 per share, above Street expectations by about 4 cents per share.With membership income increasing 7.5% to $1.327 billion, total revenues increased by 15% to $72.091 billion, just over analysts' predictions of a $72.07 billion total. According to Costco, same-store sales increased globally by 13.7% and in the US by 15.8%, while e-commerce sales increased by 7.1%. Costco reported that while overall inventories were up 26% from the previous year and had seen some minor recovery over "only the past few weeks," gross margins had shrunk by about 80 basis points to 10.18%.The company added that seasonal sales "seem to be going well" and that it is beginning to notice signs of inflation pressures slowing down.To reflect a Friday opening bell price of $471.01 per share, Costco shares were marked 3.3% down in pre-market trading, bringing the stock's six-month drop to over 15%. Since pump prices plummeted more than 20% from their record high of $5.10 per gallon in early June to the conclusion of Costco's fourth quarter, and core inflation decreased from 1% in May to 0.1% in August, falling gas prices may be the reason why revenues were only slightly above expectations.Pre-market trading saw COST share price down more than 3.5% on Friday, and were down 1.2% at Thursday's market closing. COST Price ChartSources: finance.yahoo.com, thestreet.com
Oil extends decline, gold edges lower

4 Cryptocurrencies To Keep A Watch On: Land (LAND), Flow (FLOW), STEPN (GMT), Efinity Token (EFI)

Rebecca Duthie Rebecca Duthie 23.09.2022 12:27
Summary: A summary of LAND, FLOW, GMT, EFI. Proof of work, proof of stake, proof-of-history DApps, Investing, Lifestyle. The Land Crypto platform A decentralized platform called Landbox (LAND) provides users with real-time updates and information on international real estate investing. The platform solves the real estate market problem that demands physical attendance, stability, security in transactions, inflexible transaction procedures, limited liquidity, a long gestation period, etc. To address these issues, Landbox has implemented three innovation systems: the Develop Relay Project (DRP), the Prop-Tech System, and the Crypto-Tech System. Landbox aims to create an ecosystem for information sharing where anyone can take part and safely and conveniently share real estate investment information, according to its whitepaper. Users of the Landbox platform can conduct transactions using LAND, the platform's native coin. The users can communicate within the site and with other users by using LAND. Additionally, users can access third-party projects they discovered on the site by paying with LAND tokens. Farmers and ranchers can access land information, tools, and resources through the LandBox platform to assist them in making decisions regarding their land. Farmers and ranchers can manage their crops, cattle, and other assets on their land as well as sell or lease their land through the LandBox platform. The Flow Platform A new generation of games, apps, and the digital assets that fuel them will be built on Flow, a quick, decentralized, and developer-friendly blockchain. The only layer-one blockchain that was first developed by a team that continually provided excellent user blockchain experiences is called Flow: NBA Top Shot, Dapper Wallet, and CryptoKitties. The only blockchain that incorporates usability enhancements into the protocol layer is Flow, which was built from the ground up for mass adoption. Leading brands and developers are already constructing on Flow to enable innovative new experiences with top-notch content. Top entertainment companies, development studios, and venture-backed businesses make up the diverse ecosystem of Flow. Global IP companies like Warner Music, Ubisoft, the NBA, and the UFC are among the partners in the flow ecosystem. Other notable projects among the upcoming class of high-growth firms include Opensea. The STEPN platform On the Solana blockchain, STEPN is a self-described "Web3 lifestyle app" with GameFi components. It creates a new category called "move-to-earn" by fusing elements of a play-to-earn game and a fitness software. Users purchase NFT sneakers so they can walk, run, or jog while earning in-game currency. By encouraging millions of users to lead healthier lifestyles, STEPN seeks to transform the fitness application business. The app addresses a number of issues, such as "proof of movement" (demonstrating that users actually exercised) and a working GPS system. Additionally, STEPN monetarily pays users, intends to include social reward components, and successfully contributes to carbon neutrality. Proof of performance came from STEPN's proof of concept from that coding contest. The STEPN app employs NFTs to feed data obtained from users' smartphones' accelerometer, gyroscope, magnetometer, and GPS sensors. It is hosted on the quick Solana blockchain. The Efinity platform Enjin created the cross-chain NFT platform known as Efinity, which is based on Polkadot. According to the project, Efinity was developed as the next-generation blockchain for digital assets with the goal of adjusting to the difficulties presented by the non-fungible token market. The NFT space is the Efinity project's primary area of expertise. The protocol allows for the creation, distribution, transfer, sale, and purchase of NFTs by traders and gamers. Efinity intends to make user experience and digital asset administration simpler, as well as to lower barriers to entry into the NFT industry and decentralized gaming. Fast transactions and low costs, the use of so-called fuel tanks, support for contracts with multiple signatures, and the adoption of Efinity Swap technology are just a few of the distinctive aspects that set Efinity (EFI) apart from competing blockchain systems. The whole Efinity ecosystem is powered by the Efinity Token, and EFI aspires to give priority to token creation, transfer, and purchase via an inter-chain infrastructure of protocols that will result in decreased transaction costs. In terms of incentives, miners who create/trade tokens and so build a community receive rewards on PoW blockchains with NFT capability. Sources: fxmag.com
Brent Crude Oil Stayed Quite Strong Yesterday Rising 0.7%, But In The Near Future Commodites May Be Endangered By (USD) US Dollar's Dominance And More

Brent Crude Futures On Track For Their Fourth Consecutive Losing Week, Gold Touches 2-year Lows, Corn Futures

Rebecca Duthie Rebecca Duthie 23.09.2022 12:15
Summary: Central banks around the world boosted interest rates this week. Gold prices continued to be pressured by a strong dollar and rising Treasury yields. Chicago Corn futures were maintaining their upward trend Brent Crude Oil heading for 4th weekly decline As central banks around the world boosted interest rates this week, fueling concerns about a global economic downturn and impacting on the forecast for energy consumption, Brent oil futures traded near $90 per barrel on Friday and were on track for their fourth consecutive losing week. Along with rate rises from the Bank of England, Swiss National Bank, and other institutions, the US Federal Reserve took the lead with its third consecutive 75 basis point rate increase. The Fed's proactive stance against inflation and demand for safe haven assets, which drove the dollar strongly higher, also dampened mood because it made oil priced in greenbacks more expensive for buyers using foreign currencies. Meanwhile, news that efforts to resurrect the 2015 Iran nuclear deal have failed has prevented oil prices from suffering more losses on Friday. Investors also kept an eye on Russia's limited military deployment, which might further disrupt supplies, the strengthening Chinese economy, and the potential for further output cutbacks from OPEC+. Brent Crude Oil Futures Price Chart Gold futures touching 2 year lows Gold prices continued to be pressured by a strong dollar and rising Treasury yields, which indicated forecasts for tighter monetary policy and weakening global growth. On Friday, gold prices dropped below $1,660 an ounce, the lowest in over two years. With its third consecutive 75 basis point rate increase to combat inflation, the US Federal Reserve led a flurry of central banks this week in raising interest rates. With Isabel Schnabel, an ECB board member, stating on Thursday that strong inflationary pressures in the euro zone are likely to be more persistent than anticipated, the European Central Bank is also expected to raise rates further. Higher interest rates reduce the appeal of holding non-yielding bullion by increasing the opportunity cost. As the US' relative economic strength and the Fed's active stance against inflation elevated the dollar at the expense of other safe-haven assets, gold also lost its luster as a store of wealth in times of economic uncertainty. Gold Dec ‘22 Futures Price Chart Corn shortage is expected Chicago Corn futures were maintaining their upward trend since falling to an eight-month low in July, and diverging from the oil market as concerns about a shortage of corn outweighed expectations of a decline in demand. Expectations for the current crop were limited by bad weather in the major growing regions of the Americas. In the US, WASDE forecasts that output will amount to 13.9 billion bushels in the upcoming marketing year, down 415 million from earlier projections due to a fall in yields and harvesting area. Additionally, ending stocks and global production were revised downward. In the US, summer droughts caused havoc on domestic maize crops during the current marketing year, resulting in yields that were the lowest since the drought of 2012. Additionally, the impacts of La Nina in South America significantly harmed the health of the harvests, putting additional strain on supply. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
EUR/USD Touch 19-year Lows, BoE Interest Rate Decision (EUR/GBP), SNB Signals End Of Its Interest Rate Hiking Cycle (EUR/CHF)

EUR/USD Touch 19-year Lows, BoE Interest Rate Decision (EUR/GBP), SNB Signals End Of Its Interest Rate Hiking Cycle (EUR/CHF)

Rebecca Duthie Rebecca Duthie 22.09.2022 16:16
Summary: The SNB increased its interest rate for a second time on Thursday. BoE increased interest rates on Thursday by 50 basis points. Fed 75bps interest rate hike. EUR/USD touching 19 year lows The market is reflecting bearish signals for this currency pair. In the wake of the Federal Reserve's 75bps interest rate hike the falling wedge, which was keeping the door open for bullish reversal possibilities, is invalidated as the EUR/USD has dropped to a new 19-year bottom and is currently clinging to the swing-low from earlier in September, which is located between.9862 and.9876. As a result, the bearish side of the coin is once again in focus for the EUR/USD pair. Resistance is possible around the previous support level of.9950 as well as at parity if bulls can produce a stronger pullback. EUR/USD Price Chart GBP plummeted in the minutes after BoE interest rate announcement The market is reflecting bearish signals for this currency pair. The Bank of England increased interest rates on Thursday by 50 basis points, which was less than the 75 basis points the market was anticipating, and the British Pound plummeted in the minutes that followed. The pound had a sell-off in response to the boost that was lower than expected, and economists predict greater losses for the UK currency. The exchange rate between the pound and the euro dropped by 0.5 percent to 1.1434 in the 15 minutes after the decision, but it had recovered to 1.1470 by the time the U.S. stock market opened, bringing bank transfer rates to roughly 1.1240 and payment specialist rates to roughly 1.1440. EUR/GBP Price Chart SNB signals the end of their interest rate hiking cycle The market is reflecting bullish signals for this currency pair. The Swiss National Bank (SNB) increased its interest rate for a second time on Thursday, which caused the Swiss Franc to weaken. However, the SNB also warned against expecting future rate hikes through its inflation projections. After the SNB hiked its cash rate from -0.25% to 0.5% in a monetary policy move that echoed the Federal Reserve's on Wednesday, the Swiss Franc fell against a number of other currencies. Even while the Swiss central bank did not rule out future interest rate hikes, September's updated predictions suggested that, given the two increases in borrowing costs announced to date, the Swiss inflation rate will likely return to, if not fall below, 2% at the end of the forecast horizon. This suggests that Swiss authorities may already have done enough to bring inflation back in line with their concept of price stability. EUR/CHF Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Altcoins: FC Barcelona Fan Token (BAR) - What Is It? - A Deeper Look Into the FC Barcelona Fan Token (BAR) Platform

Altcoins: FC Barcelona Fan Token (BAR) - What Is It? - A Deeper Look Into the FC Barcelona Fan Token (BAR) Platform

Rebecca Duthie Rebecca Duthie 22.09.2022 13:26
Summary: What is The FC Barcelona Fan Token and how does it work? What makes the FC Barcelona Fan T exchange unique? FC Barcelona Fan Token’s past, present and future price positions. The FC Barcelona Fan Token (BAR) The FC Barcelona Fan Token (BAR) is a utility token developed in association with Chiliz, a leading global provider of blockchain financial solutions for the sports and entertainment sector. Fan tokens are digital assets with no expiration date that enable their owners to take part in quizzes, contests, and polls that are posted on the Socios.com app, a sports fan interaction platform created by Chiliz and built on Chiliz Chain. The one and only official Barça fan token, $BAR, gives supporters a tokenized say in the direction of their preferred team. The token was developed with the intention of uniting the neighborhood and drawing a large audience by facilitating communication with the soccer club. When the BAR token was introduced in June 2020, it gave its users the option to do surveys on FC Barcelona's activities and the chance to win special prizes. Token owners vote through a smart contract, and FC Barcelona is required to consider the results and put them into practice. Users can participate in competitions for special benefits and team recognition using Fan Tokens as a membership. Tickets to games, special fan events, Socios.com bonuses, club NFTs, and digital badges are among the rewards. Members can also acquire VIP products and services, VIP access to stadiums and match tickets, and exclusive collectibles through BAR. Users have access to the gamified utility and can stake BAR for NFT payouts. The Uniqueness of FC Barcelona Fan token You must have at least one $BAR in order to join the community, start influencing club decisions, and take part in Fan Rewards competitions. However, the quantity of tokens you have determines how much influence you have, and some actions might call for more than one token. Token holders get exclusive benefits like VIP admission to Camp Nou's home stadium, the chance to meet legendary football players, the ability to attend autograph signings, and the ability to purchase team merchandise. Barça uses Socios.com to engage with fans and collect feedback by publishing polls. BAR holders are only permitted to cast one vote, but if a user casts 10 votes, those 10 votes will be counted. Polls are restricted to a fixed number of tokens, decided upon by the club itself, in order to maintain fair results. BAR holders receive VIP access to all home league, cup, and European matches through to the bonus system in the Socios platform. Between a football team and its devoted followers, the Socios.com platform acts as a mediator and offers digital, safe, and transparent revenue streams. Because Socios is built on smart contract technology, the Ethereum blockchain, and a custom crowd control system, users are immune from manipulation and can only cast votes in openly verified polls. The Chiliz Chain is used to create all fan tokens, and Chiliz is also used to power all voting on the platform. Chiliz Chain enables users to securely share data because it uses a public ledger of information that is transmitted through a peer-to-peer (P2P) network, difficult mathematics, and cutting-edge programming codes to store data. The current market capitalisation for this crypto is currently $22,924,240. There is a maximum of 40,000,000 BAR tokens, 3,951,907 (10%) of these are currently in circulation. Past, present and future prices of The FC Barcelona Fan Token network (BAR) The price of BAR token took awhile to take off, BAR hit its first price peak in early March 2021 at a price of $46.77. Thereafter the price has shown volatility and has been on an overall downward trend to date. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, BAR does fall under this category. According to some analysts, the future price of The FC Barcelona Fan Token network (BAR) could reach up to $17.57 by 2025 and could see a price of more than $108.38 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. BAR Crypto Price Chart Sources: finance.yahoo.com, coinmarketcap.com, technewsleader.com
Did The Bank of England Miss, Meet or Beat Market Expectations?!

Did The Bank of England Miss, Meet or Beat Market Expectations?!

Rebecca Duthie Rebecca Duthie 22.09.2022 13:11
Summary: BoE interest rate decision. Any post-decision gains are expected to be sold into and prove fleeting. The BoE missed market expectations on Thursday regarding their interest rate hike decision. The BoE Missed market expectations The Bank of England (BoE) announced they would raise their central bank interest rate 50bps, missing the market's expectation of 75bps. The effect of the BoE interest rate hiking decision It is unclear what the effect of the BoE rising interest rates will have on the pound sterling currency. The exchange rate might increase if the Bank increases interest rates by 75 basis points, which would be the greatest increase since 1989, and shifts its prognosis for the economy. But for a central bank that has a history of falling short of market expectations and emphasizing the downside risks to the economy, this is a huge ask. The most plausible worst-case scenario would involve the Bank raising rates by less than anticipated (say, 50 bps) and cautioning that the economic outlook is still uncertain and subject to downside risks. The odds favor a downside reaction, according to currency market observers, and any post-decision gains are expected to be sold into and prove fleeting. A worldwide energy crisis, deteriorating domestic balance of payments, declining stock markets, an unrelentingly strong dollar, and an uncooperative Bank of England have all contributed to the Pound's bad year. The Bank of England's monetary policy is the one area where decision-makers have the power to provide the Pound with some short-term comfort, despite the fact that many of these challenges are medium- to long-term concerns and global in scope. Some of the pessimism and negative positioning may be challenged if the Bank shocks the markets with a more "hawkish" tone, allowing for a short-term leg upward. A rate increase of 75 basis points plus any improved commentary from the Bank may help the pound that day. Sources: poundsterlinglive.com
Platinum Futures Hold Above $900, Wheat trading at their highest level since early July, RBOB Gasoline Futures

Platinum Futures Hold Above $900, Wheat trading at their highest level since early July, RBOB Gasoline Futures

Rebecca Duthie Rebecca Duthie 22.09.2022 11:01
Summary: Platinum supply is expected to decrease by 8% this year. Chicago wheat futures trading at their highest level since early July. Gasoline's 98-days of recorded decreases comes to an end. Reduced supply and rising demand are supporting Platinum prices In September, platinum futures remained over the $900 per ounce threshold thanks to expectations for reduced supply and indications of rising demand. The World Platinum Investment Council predicted that the entire supply will decrease by 8% this year. Meanwhile, diminishing supplies from mines and recycling, along with China's high demand for catalytic converters, helped to boost prices. Nevertheless, platinum's recovery from the 26-month low of $830 reached on September 1 was constrained by expectations of a hawkish Federal Reserve and the ensuing dollar gain. Platinum Oct ‘22 Futures Price Chart Wheat under strain as the conflict in the Ukraine persists Chicago wheat futures surged to trade at their highest level since early July as fresh geopolitical worries fueled worries that key producing centers might export less grain. The Donbass separatist areas and the seized portions of Kherson will vote this weekend on whether to join Russia, as part of the Kremlin's plans to formally annexe Ukrainian territory. The actions heightened concerns that the situation between Russia and Ukraine could worsen, leading Russia to revoke the safe trade corridor from previously negotiated Ukrainian Black Sea exports. The arrangement has already drawn harsh criticism from the Russian president, who claimed that Russia had been "cheated" and vowed to change the terms of the agreement, which would impede delivery to significant importers around the globe. Wheat Futures Price Chart RBOB Gasoline rises again After a 98-days of recorded decreases, retail gasoline prices in the US have seen their first increase, although a very small one, indicating that customers won't see much more relief at the pump. RBOB Gasoline Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Did The Federal Reserve Beat Market Expectations During Their Wednesday Interest Rate Announcement?!

Did The Federal Reserve Beat Market Expectations During Their Wednesday Interest Rate Announcement?!

Rebecca Duthie Rebecca Duthie 21.09.2022 20:04
Summary: The markets expected a 75bps hike from the Fed. Fed met expectations with a 75 bps rate hike. Chances of an economic recession persists. The Federal Reserve chose to hike their interest rates The Fed met market expectations by hiking interest rates by 75bps on Wednesday. In the wake of the August US CPI inflation numbers, the market priced in a 75bps rate hike from the Fed. As the Federal Reserve continues on its rate hiking cycle, the markets become increasingly concerned around the likelihood of a global economic recession. The effect of the interest rate hike on the US Dollar and the economy On the strength of another significant Federal Reserve rate hike this Wednesday, the Dollar is anticipated to remain sustained. The August inflation report reaffirmed expectations for another 75 basis point raise and language indicating the Fed will retain a solid commitment to bringing prices down, convincing investors that the Fed cannot yet wind down its rate-hiking cycle. The next "big moment" for the currency markets, and really all financial assets, will be when the Fed finally changes course and indicates the cycle of rate hikes is about to come to an end. The recent trends of Dollar strength and equity market downturn are anticipated to continue up until that point. When members of the Federal Open Market Committee (FOMC) present their forecasts for where they believe interest rates will go in the future, there won't likely be any indications of a pivot (the infamous Dot Plot chart). However, the idea of general resilience in the US economy should continue to be the baseline scenario. Revisions to other economic estimates are anticipated to indicate some signals of a worsening economic outlook. Investors discounting a drop in future corporate earnings and fearing a deeper global recession through the latter part of 2022 and into 2023 would certainly put pressure on global stock markets. Sources: poundsterlinglive.com, investing.com
US Dollar Pushed Upwards Ahead Of The Fed’s Interest Rate Decision, Russia Not Showing Signs Of Slowing Down On The War (EUR/GBP), GBP/NZD

US Dollar Pushed Upwards Ahead Of The Fed’s Interest Rate Decision, Russia Not Showing Signs Of Slowing Down On The War (EUR/GBP), GBP/NZD

Rebecca Duthie Rebecca Duthie 21.09.2022 19:03
Summary: Euro fell back to its lows from early September below parity with the US Dollar. ECB hawkish tone. Thursday may cause the GBP/NZD to drop to some of its lowest points since the months immediately following the Brexit referendum. Euro weakens as Putin dashed hope for an end to the Russia/Ukraine conflict The market is reflecting bearish signals for this currency pair. On Wednesday, the Euro fell back to its lows from early September below parity with the US Dollar as Russian President Vladimir Putin appeared to dash any remaining hope for a quick resolution to the war in Ukraine. Markets anticipate additional rate increases even if there is optimism that, at least in the US, inflation may finally be under control. The Fed is projected to increase rates by a full percentage point. The war in Ukraine is continuing to drive up the cost of energy and raw materials on a continent that is still recovering economically from the Covid epidemic, so the European Union cannot resort to such solace. EUR/USD Price Chart BoE interest rate decision due on Wednesday The market is reflecting mixed signals for this currency pair. Although the European Central Bank has recently adopted a more hawkish tone, the Fed continues to have significantly more monetary firepower and flexibility to use it, according to the market. This opinion can only be strengthened by indications that the Ukrainian conflict will continue to rage. Great hopes: The markets are anticipating the Bank of England to raise interest rates twice in a row by 75 basis points, which might lead to a massive letdown for the British pound. As of right now, money markets are pricing in 200 basis point increases over the next three decisions, which means the Bank will need to raise rates by 75 basis points at two of those sessions. This is more than any other developed market central bank has requested. EUR/GBP Price Chart GBP/NZD currency pair During the midweek session, the New Zealand Dollar extended a 15-month downtrend against the U.S. Dollar and appeared to be headed for March 2020 lows. However, it may have better chances against Sterling, which could experience significant losses in the wake of Thursday's Bank of England (BoE) policy decision. If the author is correct in believing the BoE will actually raise rates much farther than all forecasts anticipate on Thursday, sterling's historically unfavorable reaction to Bank Rate rises could be doubly relevant for GBP/NZD this week. If this obviously improbable prediction comes true, then the BoE's decision on Thursday may cause the GBP/NZD to drop to some of its lowest points since the months immediately following the Brexit referendum. The decision on Thursday will be made just over a week after the Office for National Statistics reported a new increase in core inflation for August, and shortly after the Bank of England's Inflation Attitudes survey indicated that households' expectations for medium-term inflation remained at potentially alarming levels in July. GBP/NZD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Stitch Fix (SFIX) Q4 Earnings Results Missed Investor Expectations After Difficult Quarter

Stitch Fix (SFIX) Q4 Earnings Results Missed Investor Expectations After Difficult Quarter

Rebecca Duthie Rebecca Duthie 21.09.2022 12:53
Summary: SFIX reported lower-than-expected sales for Q4. High inflation and deteriorating retail environment. SFIX share price down after missing Q4 earnings expectations After the company reported lower-than-expected sales for the current quarter, offered weaker-than-expected sales guidance, and reported a decline in active clients, shares declined in after-hours trading. Revenue for the fourth quarter of Stitch Fix came to $481.9 million, falling shy of the Street's forecast of $489.4 million. The full-year sales forecast was trimmed to a range of $1.76 billion to $1.86 billion, while the first-quarter revenue projection was cut to $455 million to $465 million. $2.1 billion was the forecast on Wall Street. Elizabeth Spaulding, SFIX CEO wrote in the earnings release, “Today’s macroeconomic environment and its impact on retail spending has been a challenge to navigate, but we remain committed to working through our transformation and returning to profitability.” Stitch Fix shares have declined -75% year-to-date. Spaulding indicated during her address that they had faced an increasingly difficult fourth quarter, notably in June and July, due to the realities of high inflation levels and a deteriorating retail environment, which led to decreased discretionary spending in the garment industry. Because of a 9% year-over-year reduction in net active clients, which finished FY '22 at 3.8 million, Q4 net revenue fell 16% to $482 million. The quarter's adjusted EBITDA was negative $31.8 million. The company's CFO, Dan Jedda indicated during his address that SFIX had reported net revenue of $482 million, a 16% decrease from the previous year. This decline was caused by slowness in the volume of Fixes, which was largely offset by demand for Freestyle. In the wake of the financial report SFIX share price fell almost 10% in pre-market trading and 5.79% at close of market on September 20. SFIX Price Chart Sources: finance.yahoo.com, fool.com
Altcoins: Energy Web Token (EWT) - What Is It? - A Deeper Look Into the Energy Web Token (EWT) Platform

Altcoins: Energy Web Token (EWT) - What Is It? - A Deeper Look Into the Energy Web Token (EWT) Platform

Rebecca Duthie Rebecca Duthie 21.09.2022 10:40
Summary: What is The Energy web token Platform and how does it work? What makes the Energy web token exchange unique? Energy web Token’s past, present and future price positions. The Energy Web token platform The Energy Web Chain, a blockchain-based virtual machine created to facilitate and promote application development for the energy industry, uses the Energy Web Token (EWT) as its operating token. In June 2019, Energy Web Chain was introduced. The non-profit organization in charge of the initiative is called the Energy Web Foundation. By enabling developers to construct decentralized apps, EWT seeks to diversify the energy business (DApps). Grid operators, software developers, and vendors are just a few of the energetics actors who could gain from the virtual machine. Project Energy Web Token is a collaboration between Grid Singularity and Rocky Mountain Institute (RMI) (GSy). One of the top names in energy-related research and development is Rocky Mountain Institute (RMI). RMI has taken part in numerous ground-breaking energy projects as a renowned think tank. RMI sought to use the decentralized potential of blockchain technology to empower actors in the energy sector to create new decentralized solutions, thus it built the Energy Web Chain. The project benefited from the blockchain expertise of Grid Singularity (GSy). GSy was the driving force behind the development of the Energy Web Chain as a blockchain developer. GSy was a crucial component for the introduction of EWT because it included renowned specialists, core Ethereum blockchain developers, seasoned energy executives, and energy regulators. A proof-of-authority (PoA) consensus is used to run the Energy Web virtual machine. This indicates that the blockchain depends on reliable validators to add new blocks. Compared to the proof-of-work (PoW) consensus, the PoA consensus offers an alternate validation mechanism that allows for quicker processing times. The current market capitalisation for Web Energy token is $118,293,247. There is a maximum supply of 100,000,000 EWT tokens, 30,062,138.00 (30%) are currently in circulation. Web Energy Tokens weakness The Energy Web Chain's creators, RMI and GSy, set out to provide a flexible blockchain solution for a variety of energy-related applications. The ability to totally modify decentralized apps is one of the key selling aspects of EWT for businesses. Energy Web Chain was specifically created for the energy sector, however other blockchains like Ethereum also offer this diversity. Because it was designed with enterprise use in mind, the Energy Web Chain enables cutting-edge scalability and data protection. The organization also just unveiled Energy Web Decentralized Operating System, a tech stack (EW-DOS). Users can use it to remotely control and manage their electrical installations. Advantages of the Energy Web Token (EWT) platform Passive rewards, By providing other services or by sharing their energy resources with the network, users can earn passive benefits. The platform's incentivization concept replaces the current centralized, traditional business model with a more democratic and inclusive one. Regular consumers may now participate in the trillion-dollar energy service markets by joining these energy creation islands. Growing network, More than 100 players in the global energy market make up the Energy Web Token (EWT) network. These businesses cover the full spectrum, from service providers to markets for renewable energy and decentralized energy sources. The Energy Web Token is always looking for new collaborators who share their enthusiasm for a more environmentally friendly market. Past, present and future prices of The Energy Web Token network (EWT) Energy Web Token's price has followed a volatile past since March 2020, hitting its first price peak in August 2020 at $13.04, its second and highest price peak in mid-april 2021 at a price of $19.6. Thereafter EWT’s price has been volatile and on an overall price decline. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, EWT does fall under this category. According to some analysts, the future price of The Energy Web Token network (EWT) could reach up to $11.04 by 2025 and could see a price of more than $71.49 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. EWT Price Chart Sources: finance.yahoo.com, coinmarketcap.com, technewsleader.com, securities.io
WTI Crude Oil Gains 3% On Wednesday, Palladium Touching 4-week Highs, Coffee Futures Falling

WTI Crude Oil Gains 3% On Wednesday, Palladium Touching 4-week Highs, Coffee Futures Falling

Rebecca Duthie Rebecca Duthie 21.09.2022 10:12
Summary: Concerns around crude supplies drive prices. The shortfall on the palladium market persists. Likelihood of favorable weather in Brazil driving coffee futures down. WTI Crude oil demand threatened Wednesday saw a nearly 3% increase in WTI crude futures to over $86 a barrel due to worries about supply disruptions following President Vladimir Putin's announcement of a partial military mobilization in Russia. Gains occurred before the US Federal Reserve raised interest rates by a disproportionate amount, which the markets believe will stunt global economic development and reduce demand for oil. US oil inventories grew by approximately 1 million barrels last week, according to industry statistics, while gasoline and distillate stockpiles rose by about 3.2 million and 1.5 million barrels, respectively. Saudi Aramco and Crescent Petroleum executives, in separate remarks, identified underinvestment in the oil industry as a significant output barrier and the primary cause of the current global energy crisis. According to Reuters, OPEC+ is currently falling 3.58 million barrels per day, or around 3.5%, short of its goals. WTI Crude Futures Price Chart Palladium touching 4-week highs As the dollar index deviated from 20-year highs, palladium futures increased their gains to $2,200 per ounce, the highest level in almost four weeks. Nevertheless, in spite of rising interest rates and slowing GDP, palladium prices are 30% lower than they were in March. It is anticipated that central banks would keep raising interest rates to keep inflation from soaring even when the economy is slowing. Furthermore, despite the price increase and supply chain disruptions, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet returned to its pre-pandemic levels. However, there is still a shortfall on the palladium market. Palladium Dec ‘22 Futures Price Chart Coffee touching 1-month lows The price of Arabica coffee futures on the ICE was near its lowest level since August 19th due to the weaker real and the likelihood of favorable weather in Brazil, the world's largest producer. According to Climatempo, heavy and frequent rains would fall in the Sao Paulo and Minas Gerais coffee-growing regions from the end of September to the beginning of October. The rain should increase soil moisture levels and encourage coffee tree flowering for the crop of Brazil coffee in 2023–2024. The Green Coffee Association also announced that U.S. green coffee stocks for August increased by 3.6% monthly and 5.2% annually, reaching a 2-year record of 6,450,086 million bags. Coffee Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
The Fed Interest Rate Decision, Stock/Bond Portfolios, ECB’s Determination To Reach Price Stability - 20.09.2022

The Fed Interest Rate Decision, Stock/Bond Portfolios, ECB’s Determination To Reach Price Stability - 20.09.2022

Rebecca Duthie Rebecca Duthie 20.09.2022 23:00
On Wednesday the Fed is due to make their interest rate decision. A US portfolio that is split 60/40 between stocks and bonds is headed for its worst year since 1937. ECB is determined to deliver price stability through rising interest rates. In this article: The Fed’s Interest rate hike tomorrow. US Stock/Bond portfolio down. The ECB is determined to fight inflation through rising interest rates. The Fed due to make their interest rate decision on Wednesday The SwissQuote tweeted about the expectations the market has ahead of the Fed’s interest rate hike decision on Wednesday. Fed will likely hike by 75bp ; SNB will likely follow! â–¶ï¸Â Discover today's market highlights on our #MarketTalk with @IpekOzkardeskay: https://t.co/Lzfate1wod pic.twitter.com/ZnOfnyHVvM — Swissquote (in English) (@Swissquote) September 20, 2022   On Wednesday the Fed is due to make their interest rate decision, this interest rate decision came in the wake of the US CPI inflation results which were released during last weeks trading week. US Stock/Bond portfolio is suffering According to Charlie Bilello a US Stock/Bond portfolio is likely to experience its worse financial performance in 86 years. A 60/40 Portfolio of US Stocks/Bonds is down 16.2% in 2022, on pace for its worst calendar year since 1937. pic.twitter.com/d6gnbohRLw — Charlie Bilello (@charliebilello) September 20, 2022   A US portfolio that is split 60/40 between stocks and bonds is headed for its worst year since 1937. European central bank (ecb) determined to fight inflation The president of the ECB Christine Lagarde makes it clear that the ECB is determined to fight inflation through rising interest rates. We are determined to deliver price stability, and expect to raise interest rates further to achieve 2% inflation, says President @Lagarde. We must settle at a rate that ensures inflation returns durably to our target, as the economic environment evolves https://t.co/d5HvwVEiR0 pic.twitter.com/mCXxS1yk1f — European Central Bank (@ecb) September 20, 2022   The ECB is determined to deliver price stability through rising interest rates. The ECB is willing to settle the rate of inflation at its target. Sources: twitter.com
Hawkish Fed Minutes Spark US Market Decline to One-Month Lows on August 17, 2023

EUR/USD Exposed To Fed Interest Rate Decision Risk, BoE Interest Rate Decision Due This Week (EUR/GBP, GBP/CAD)

Rebecca Duthie Rebecca Duthie 20.09.2022 17:34
Summary: EUR/USD exposed to risks related to the Fed interest rate decision on Wednesday. The BoE interest rate decision on Thursday will be crucial. GBP/CAD may now be on the verge of lurching toward all-time lows. Euro is still stronger than some other currencies The market is reflecting mixed market signals for this currency pair. The EUR/USD has been able to maintain its stability recently by simply remaining stable, which isn't really saying much for it. The Euro to Dollar exchange rate began the new week near parity and exposed to risks related to the Federal Reserve's (Fed) interest rate decision on Wednesday, however there is an admittedly remote chance that the latter could spark a firecracker surge by the single currency later this week. The Euro is still stronger than some of the other currencies, but it is expected to keep falling against the Dollar and reach new cycle lows. EUR/USD Price Chart BoE interest rate on Thursday The market is reflecting bullish signals for this currency pair. The exchange rate between the pound and the euro has fallen for seven straight weeks, but it might go considerably further this week and possibly to record lows if the market panics about a probable Bank of England (BoE) decision to sharply raise Bank Rate on Thursday. With the scale of the most recent Bank Rate increase and any hints or guidance regarding the outlook for the benchmark, the BoE interest rate decision on Thursday will be crucial, yet there is a risk that the bank will feel pressured to literally knock the Bank Rate ball out of the park. EUR/GBP Price Chart GBP/CAD How the market could be likely to react to any particularly substantial interest rate rise from the Bank of England (BoE) this Thursday, the Pound to Canadian Dollar exchange rate may now be on the verge of lurching toward all-time lows. Although there is a chance it might fall further if the BoE smashes the Bank Rate ball out of the park on Thursday, sterling crept higher versus the Canadian Dollar to start a holiday-shortened week and remained safely above the 12-year lows reached over a fortnight earlier. A recent increase in core inflation, the BoE's most recent Inflation Attitudes Survey, and the new UK Prime Minister's proposal to freeze or cap household energy costs through public subsidy are reasons to believe it might as well. These factors could influence policymakers to view this as a medium-term inflation risk. GBP/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
German industrial production slumps for third straight month, raising recession risk

NVIDIA (NVDA) Stock Price Touching 52-Week Lows

Rebecca Duthie Rebecca Duthie 20.09.2022 14:00
Summary: Nvidia's stock price last week reached new 52-week lows. Nvidia foreshadowed a significant revenue shortfall. NVIDIA price chart Nvidia's stock price last week reached new 52-week lows after falling more than 60% from its highs. Watch this important support area right away. The pioneer of revolutionary graphics chips, Nvidia (NVDA), has had a difficult year. The stock hit fresh 52-week lows on Friday and is now 64% below its November 52-week high. It has not been a terrific stretch for the stock, to put it frankly. The Santa Clara, California, corporation is not the only one, to be sure.   Nvidia foreshadowed a significant revenue shortfall, then followed that with a sluggish quarter and dismal guidance. This week, Nvidia will host its GTC event, which could serve as a trigger. However, it is facing strong fundamental and technological momentum. Despite all of this, Nvidia has a great future and its stock has been severely undervalued. I want to look at the stock again for that reason. The harsh correction of Nvidia's shares, which saw a drop of more than 63%, is depicted on the weekly chart up top. On Friday, the shares recovered after touching the 200-week moving average. For almost a month, we have been keeping an eye out for this mark's tag. After all, the trend has been on your side if you are short Nvidia. However, many of these shorts also believe that Nvidia's 200-week moving average may serve as significant support and that the company has a limited downside. The Nvidia stock has experienced significant reductions throughout the years. The stock has had three significant drops of more than 50% in the past 12 years, but—and this is a big but—never more than 57.5%. The bottom line: Over the past twelve years, Nvidia stock has experienced maximum drops of 54% to 57.5%. A recent drop of 63.5% from its highs and entry into a significant support region could serve as a bounce area. An accumulation approach might not be the worst choice for long-term investors. NVDA Price Chart Sources: finance.yahoo.com, thestreet.com
Increase Of Whales Wallets And California's Digital Financial Assets Law

Altcoins: Efinity Token (EFI) - What Is It? - A Deeper Look Into the Efinity Token (EFI) Platform

Rebecca Duthie Rebecca Duthie 20.09.2022 13:40
Summary: What is The Efinity Platform and how does it work? What makes the Efinity exchange unique? Efinity Token’s past, present and future price positions. The Efinity token Enjin created the cross-chain NFT platform known as Efinity, which is based on Polkadot. According to the project, Efinity was developed as the next-generation blockchain for digital assets with the goal of adjusting to the difficulties presented by the non-fungible token market. The NFT space is the Efinity project's primary area of expertise. The protocol allows for the creation, distribution, transfer, sale, and purchase of NFTs by traders and gamers. Efinity intends to make user experience and digital asset administration simpler, as well as to lower barriers to entry into the NFT industry and decentralized gaming. The whole Efinity ecosystem is powered by the Efinity Token, and EFI aspires to give priority to token creation, transfer, and purchase via an inter-chain infrastructure of protocols that will result in decreased transaction costs. In terms of incentives, miners who create/trade tokens and so build a community receive rewards on PoW blockchains with NFT capability. Being a hub for both fungible and non-fungible tokens, accepting tokens from any other chain, enabling the pricing and trade of NFTs, increasing transaction volume, and producing network effects are some of Efinity's long-term objectives. The Enjin team created Efinity, and Witek Radomski (CTO) and Maxim Blagov (CEO) are co-founders of the business. The current market capitalisation of the Efinity Token is $234,862,012. There is a maximum supply of 2,000,000,000 EFI tokens, 100% of these are currently in circulation. The uniqueness of Efinity token Fast transactions and low costs, the use of so-called fuel tanks, support for contracts with multiple signatures, and the adoption of Efinity Swap technology are just a few of the distinctive aspects that set Efinity (EFI) apart from competing blockchain systems. Advantages of Efinity Token Tank for fuel (aka special discrete bills). These wallets' contents are only used to cover transaction costs, giving businesses and developers the chance to foot the bill for customers' out-of-pocket expenses while EFI tokens are supplied to the fuel tank. Low fees and quick transactions. 700–1000 transactions can be processed per second using Efinity (EFI). The speed of transaction confirmation is six seconds, and the end user does not need a blockchain wallet. Quick response times are guaranteed by the process's speed. Equivalence swap The efficiency of the paratoken exchange process is increased by the technology. The automatic conversion method makes it possible to upgrade one paratoken to another for a variety of uses, substantially simplifying the exchanges that are possible through buy/sell orders. The Efinity project's overall goal is to create a future in which NFTs are common and essential to all users, where incentives go to everyone who participates in the network, including traders, developers, and regular token holders, and where all transactions are quick and inexpensive. Past, present and future prices of The Efinity Token network (EFI) The price of Efinity token took off around the middle of 2021 reaching its first price peak in August 2021, thereafter the price fell and rose again, reaching its second peak and overall highest value of $2.06 in late November 2021. Thereafter the price has fallen over time to date. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, EFI does fall under this category. According to some analysts, the future price of The Efinity network (EFI) could reach up to $0.82 by 2025 and could see a price of more than $ by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. EFI Price Chart Sources: finance.yahoo.com, coinmarketcap.com, technewsleader.com
Central Banks' Rates Outlook: Fed Treads Cautiously, ECB Prepares for Hike

NGAS Futures Rose Amidst Energy Crisis Concerns, Decreased Cotton Demand & Constrained Supplies, Gold Touching 2-year Lows

Rebecca Duthie Rebecca Duthie 20.09.2022 13:38
Summary: Natural gas futures rose, pulling away from a two-month low. Cotton futures were trading at levels not seen in the previous six weeks. Inflation elevated the dollar at the expense of other safe-haven assets. NGAS futures rose above from a 2-month low Amid ongoing worries about an energy crisis in Europe and almost endless demand, natural gas futures rose, pulling away from a two-month low touched in the previous session. Other EIA statistics indicated that utilities added 77 billion cubic feet of gas to storage in the week ending September 9th, exceeding estimates of 73 billion. The Cove Point LNG plant in Maryland is scheduled to shut down for maintenance in October, which would halt shipments to other countries and boost local utility stockpiles. In the meanwhile, domestic supply is expected to climb. The incident furthers the abrupt delay in Freeport LNG's Quintana export plant restarting until November. NGAS Oct ‘22 Futures Price Chart Potential cotton demand decreased As traders considered the potential of decreased demand and constrained supplies, cotton futures were trading at levels not seen in the previous six weeks. New limits on top consumers as a result of COVID-19 China raised further doubts about the state of the world economy as a result of rising interest rates. In its most recent report, the USDA reduced both the U.S. output estimate and the global production forecast for the crop year 2022–2023 by 3 million bales each. The health of the natural fiber crop is in jeopardy, and supply issues have arisen as a result of the hot, dry weather in important American agricultural regions. Crops in India, another significant producer, are still in danger due to unfavorable weather and pest infestations in key growing regions. Cotton Dec ‘22 Futures Price Chart Gold touching 2 year lows As investors stayed away from the market ahead of a crucial US Federal Reserve meeting, where it is anticipated that it will announce another significant interest rate hike to combat high inflation, gold prices stabilized around $1,675 an ounce on Tuesday, hovering close to the lowest levels in over two years. A third consecutive 75 basis point hike is presently priced into the markets due to last week's higher-than-expected inflation readings and strong economic indicators in the US, which reinforced expectations that the Fed will tighten further. This week, other significant central banks including the Swiss National Bank and the Bank of England are anticipated to do the same. Analysts disagree on whether the BOE will increase rates by 50 or 75 basis points. As the US' relative economic strength and the Fed's active stance against inflation elevated the dollar at the expense of other safe-haven assets, gold lost its appeal as a store of value in times of economic uncertainty. Gold Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Ford Share Prices Fell In After Hours Trading

Ford Share Prices Fell In After Hours Trading

Rebecca Duthie Rebecca Duthie 20.09.2022 00:12
Summary:Ford warns of rising expenses.Ford reiterated its full-year profitability forecast.Ford's stock dipped.Ford’s stock of partially finished cars will remain high.Ford share prices dip in post market tradingFollowing a warning from the firm about rising expenses brought on by inflation and supply chain issues, Ford's stock dipped during the extended trading session. Inflation-related supply costs are now projected by Ford to increase by roughly $1 billion during the quarter compared to its prior forecast. Ford also anticipates that supply constraints will affect about 40,000 to 45,000 vehicles, which will cause some revenue to be shifted to the fourth quarter. Ford revised its adjusted full-year EBIT guidance but expects 3Q adjusted EBIT of $1.4 billion to $1.7 billion.“Vehicles on wheels” have been built but are still in need of some parts, the company said. Ford said it expected to have about 40,000 to 45,000 such vehicles in inventory at end of the third quarter. Those vehicles “disproportionately include high-demand, high-margin models of popular trucks and SUVs,” Ford said.The company reiterated its full-year profitability forecast, but it also warned that a lack of essential components would cause its stock of partially finished cars to remain high. Ford stated in a statement on Monday that it is experiencing unexpectedly high supply-chain costs. After regular New York trading ended at 4:44 p.m., its shares dropped 5.4% to $14.12. The stock lost 28% of its value this year as of Monday's close.For the three months ended September 30, the business anticipated preliminary adjusted profits before interest and taxes in the range of $1.4 billion to $1.7 billion. Next month, it will release its final third quarter numbers. It anticipates earning between $11.5 billion and $12.5 billion for the entire year, which is the same as its prior prediction. Ford Motor Company Price ChartSources: finance.yahoo.com, wsj.com
Navigating the Inverted Yield Curve: Implications for Currencies and Central Banks User

Strong US Dollar Index Driving EUR/USD Down & USD/JPY Up, economists predict that the Pound will continue to decline (EUR/GBP), USD/JPY

Rebecca Duthie Rebecca Duthie 19.09.2022 18:57
Summary: Early trading saw the EUR/USD falling below parity once more. The British Pound dropped to its lowest level against the Dollar on Friday and hit lows against the Euro that haven't been seen since February 2021. Strong US Dollar index driving USD/JPY down. EUR/USD falls below parity once more The market is reflecting bearish signals for this currency pair. Early trading saw the EUR/USD falling below parity once more while failing to surpass Friday's peak. While markets look apprehensive after US President Joe Biden said the US military would defend Taiwan in the case of an invasion by China, we witnessed the USD index open higher and push on, supporting a +/-60 pip loss on EUR/USD and other currency pairs. The downward movement in the EUR/USD rate this morning appears to be driven by the dollar index. Despite numerous investment banks and the World Bank reducing their growth projections for the US economy and issuing a global recession warning, the index kept moving higher. EUR/USD Price Chart Economists predict that the Pound will continue to decline. The market is reflecting mixed signals for this currency pair. Although there is a remote chance the currency would recover by the end of the upcoming week when a Bank of England rate hike and the "mini budget" are announced, economists predict that the Pound will continue to decline. The British Pound dropped to its lowest level against the Dollar on Friday and hit lows against the Euro that haven't been seen since February 2021 before the monetary and fiscal double-header. Following the publication of poor UK retail sales statistics that led economists to warn that the country is already in recession, the pound's losses for 2022 increased. Contrary to estimates, retail sales declined 1.6% in the month of August instead of a somewhat smaller -0.5%. EUR/GBP Price Chart USD/JPY The market is reflecting bearish signals for this currency pair. After failing to break over 145, USD/JPY is still in an ascending trend channel. 144.95 may continue to act as resistance because it is the 161.8% Fibonacci Extension of the late-July decline from 139.39 to 130.39. It has recently been tested, reaching peaks of 144.97 and 144.99, the latter of which is a 24-year high. This region might be crucial for the next significant USD/JPY movement. The Bank of Japan called banks in Tokyo last week as 145 approached, requesting a rate review. The market has interpreted this to mean that the central bank may be considering intervening should the price rise above 145. Of course, if the price trades over that level and they do not act, an aggressive move might be observed. The following potential resistance level to watch could be the ascending trend line that now splits around 145.90. USD/JPY Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Altcoins: STEPN (GMT) - What Is It? - A Deeper Look Into the STEPN (GMT) Platform

Altcoins: STEPN (GMT) - What Is It? - A Deeper Look Into the STEPN (GMT) Platform

Rebecca Duthie Rebecca Duthie 19.09.2022 17:47
Summary: What is The STEPN Platform and how does it work? What makes the STEPN exchange unique? STEPN’s present and future price positions. The STEPN (GMT) platform On the Solana blockchain, STEPN is a self-described "Web3 lifestyle app" with GameFi components. It creates a new category called "move-to-earn" by fusing elements of a play-to-earn game and a fitness software. Users purchase NFT sneakers so they can walk, run, or jog while earning in-game currency. By encouraging millions of users to lead healthier lifestyles, STEPN seeks to transform the fitness application business. The app addresses a number of issues, such as "proof of movement" (demonstrating that users actually exercised) and a working GPS system. Additionally, STEPN monetarily pays users, intends to include social reward components, and successfully contributes to carbon neutrality. The app, which works on both Android and iOS, only took five months to go from its initial development to the open beta stage. Following a successful IDO in March 2022, STEPN intends to improve its in-game features and introduce them to a number of additional chains. Proof of performance came from STEPN's proof of concept from that coding contest. The STEPN app employs NFTs to feed data obtained from users' smartphones' accelerometer, gyroscope, magnetometer, and GPS sensors. It is hosted on the quick Solana blockchain. The STEPN program measures a variety of physical activities based on this technology. However, as the name suggests, it focuses mostly on three: walking, jogging, and running. NFT sneakers, which track all activity, are where the revenue and gamification come into play. The longer-term earning potential, however, ensures that there is never a lack of players. Each NFT sneaker has characteristics with STEPN that affect its sell value. Additionally, these qualities can level up through exercise, just like a character in a role-playing game. STEPN (GMT): The primary governance token has a supply cap of six billion. Owners of GMT tokens may use it to cast a vote on the allocation of STEPN funds. Additionally, GMT tokens are used to pay STEPN holders with sneakers level 30 and higher. Green Satoshi Token (GST): A utility token with an unlimited supply that is produced every day. Similar to that, members receive daily payments based on their activity goals. The uniqueness of STEPN STEPN seeks to transform the fitness sector in a number of ways. First, it uses a simple token reward system to encourage people to lead healthier lifestyles. Users can start earning in the game's Solo Mode by purchasing a pair of NFT sneakers after installing the app and creating a wallet. They can gain Green Satoshi Tokens by moving around and moving around quickly (GST). The amount of GST that different types of sneakers can return varies, and the better the efficiency attribute, the more GST the user can make every minute. The gamification of fitness is now introduced, which is STEPN's second groundbreaking component. STEPN gamifies exercise and encourages users to lead healthy lifestyles with the use of the app's in-game awards, daily energy allocations, and personalized footwear. The software intends to include a Marathon Mode in the future, which will have weekly and monthly races between 2.5km and 15km. The top-ranked runners will receive additional benefits. Marathon participants will be able to earn and compare their accomplishments on a leaderboard. Finally, STEPN offers users two methods to signal: by positively influencing carbon neutrality and earning tokens for it, or by leading a better lifestyle and earning tokens for it. The former rewards users financially and emotionally. The second is accomplished by STEPN's financial support of Solana's purchase of Carbon Removal Credits to fight climate change. Present and future prices of The STEPN network (GMT) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, GMT does fall under this category. According to some analysts, the future price of The STEPN network (GMT) could reach up to $7.16 by 2025 and could see a price of more than $38.86 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. STEPN Price Chart Sources: finance.yahoo.com, coinmarketcap.com, makeuseof.com, changelly.com
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

Aggressive Monetary Tightening Dampened Brent Crude Oil Forecasts, Silver Futures Falling, Corn Futures

Rebecca Duthie Rebecca Duthie 19.09.2022 16:50
Summary: Brent crude oil dropped for their third consecutive week. Higher-than-anticipated US inflation fueled concerns that the Fed might raise interest rates quicker. Brent crude oil faced 3 weeks of declines After three weeks of falls, Brent crude futures dropped below $91 per barrel on Monday as aggressive monetary tightening and recession worries dampened the forecast for demand before the European Union's embargo on Russian oil in December. Investors are getting ready for a flurry of interest rate announcements this week, led by the US Federal Reserve, which is anticipated to deliver another enormous rate hike to fight inflation. The top crude importer in the world had a wider opening when Chengdu, a city in China, removed a two-week lockdown. For the first time in three weeks, US energy companies added oil and natural gas rigs last week, signaling a future with higher output on the supply side. In Europe, as the country struggles with a deepening energy crisis that threatened to plunge the eurozone into a recession, Germany seized the local branch of a significant Russian oil refinery. Brent Crude Oil Futures Price Chart Silver prices trading below 4 weeks highs Silver futures were trading at $19.5 per ounce, remaining below the nearly four-week high of $19.8 reached on September 12 as higher-than-anticipated US inflation fueled concerns that the Federal Reserve might raise interest rates more quickly than anticipated, leading investors to the US dollar rather than non-yielding bullion investments. Speculations that the US central bank would give a more aggressive 100bps increase in its funds rate next week were sparked by worries that price rise may not have peaked yet, boosting predictions that borrowing might go to as much as 4.3% in early 2023. The European Central Bank (ECB) indicated it will keep raising interest rates after its September meeting, which saw a 75bps increase. According to Bank of France president Villeroy, as policymakers work to reduce inflation from its current historically high levels, borrowing prices in the bloc may approach a neutral level by the end of the year. Silver Dec ‘22 Futures Price Chart Corn Trading on a contract for difference (CFD) that reflects the benchmark market for this commodity shows that corn has gained 78.71 USd/BU or 13.27% since the start of 2022. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
4 Cryptocurrencies To Keep A Watch On: Immutable (IMX), Smooth Love Potion (SLP), Chainlink (LINK), Enjin Coin (ENJ)

4 Cryptocurrencies To Keep A Watch On: Immutable (IMX), Smooth Love Potion (SLP), Chainlink (LINK), Enjin Coin (ENJ)

Rebecca Duthie Rebecca Duthie 16.09.2022 18:57
Summary: A summary of IMX, SLP, LINK, ENJ, Proof of work, proof of stake, proof-of-history zk-rollups, NFTs, DeFi. Th Immutable (IMX) platform As the first layer-two scaling option for NFTs on Ethereum, Immutable X places itself in this space. Immutable X claims that its blockchain overcomes Ethereum's drawbacks, including its low scalability, subpar user experience, lack of liquidity, and delayed development experience. Instead, users get to experience $0 gas costs for minting and trading NFTs, instant trading, and vast scalability without compromising asset or user security. Immutable X uses STARK zk-rollups, a technology that Vitalik Buterin believes Ethereum is "all-in" on, to do that. One advantage of Immutable X is that it is one of the first layer-two systems to use zk-rollups and to concentrate just on NFTs. The project is at the forefront of advancement in the Ethereum ecosystem as zk-rollups gain popularity as a scaling option. If Immutable X can accomplish its projected transaction speed of more than 9,000 tps, it stands a decent possibility of becoming the standard "NFT blockchain" in the future. Read more: Altcoins: Immutable X (IMX) - What Is It? - A Deeper Look Into the Immutable X (IMX) Platform  The Smooth Love Potion (SLP) platform By taking part in the Axie Infinity game, players can acquire Smooth Love Potion (SLP) tokens. Experience points are replaced by this digital asset. SLP are ERC-20 tokens that may be used to create new Axies, or virtual pets. Beginning at 100 SLP, the cost of breeding rises steadily to 200 SLP for the second breed, 300 SLP for the third, 500 SLP for the fourth, 800 SLP for the fifth, and 1,300 SLP for the sixth. The seventh breed of Axies costs 2,100 SLP and can only be produced a maximum of seven times. This cap is in place to guard against market hyperinflation. SLP is particularly distinctive in that it is one of the select few in-game tokens that Binance has listed in its Innovation Zone. For assets "that are anticipated to have higher volatility and offer a larger risk than other tokens," the exchange has set aside this trading category. Read more: Altcoins: Smooth Love Potion (SLP) - What Is It? - A Deeper Look Into the Smooth Love Potion (SLP) Platform  The Chainlink (LINK) platform Chainlink, a blockchain abstraction layer that was established in 2017, enables globally interconnected smart contracts. Chainlink, a decentralized oracle network, enables blockchains to interact securely with external data feeds, events, and payment methods while providing the crucial off-chain information required by sophisticated smart contracts, which are quickly taking over as the primary type of digital contract. A sizable open-source community of data producers, node operators, smart contract developers, researchers, security auditors, and others powers the Chainlink Network. The firm is committed to ensuring that all node operators and users who want to contribute to the network are assured decentralized involvement. Chainlink, a decentralized network, enables users to operate nodes and generate income from the vital data infrastructure necessary for the operation of blockchains. Chainlink powers a sizable number of decentralized Price Feed oracle networks that are already in operation and safeguard billions of dollars in value for top DeFi applications like Synthetix, Aave, Compound, and others. Read more: Altcoins: Chainlink (LINK) - What Is It? - A Deeper Look Into the Chainlink (LINK) Platform  The Enjin (ENJ) platform Enjin is a startup that offers an ecosystem of linked, blockchain-based gaming devices. Enjin Coin is one of its projects. The Enjin Network, a social gaming platform where users can create websites and clans, communicate, and run virtual goods stores, is the company's main product. On the Ethereum blockchain, in-game objects can be tokenized using Enjin, according to game developers. The digital assets released through its platform are backed by Enjin Coin, an ERC-20 token, allowing for the purchase, sale, and exchange of goods with real-world value. In order to give in-game assets real-world liquidity, co-founder Radomski claims that Enjin Coin is unique in that any token created with Enjin Platform, the company's blockchain asset production platform that debuted in February 2020, is directly backed by ENJ. In a similar vein, Blagov has said that the business is centered on adoption and that he envisions a time when millions of players use digital goods backed by Enjin Coin without even being aware that such a thing exists. Read more: Altcoins: Enjin Coin (ENJ) - What Is It? - A Deeper Look Into the Enjin Coin (ENJ) Platform  Sources: fxmag.com
Crude Oil Price: A Crucial Event Takes Place In The Week Ahead

Gold Futures Nearing 2 Year lows, Growing Recession Fears Dragging Down WTI Crude Oil, Cotton Futures Touching 4 Week Lows

Rebecca Duthie Rebecca Duthie 16.09.2022 17:34
Summary: Gold was expected to have its fourth losing week. WTI oil futures are still expected to decrease for the third consecutive week. Cotton futures were trading at levels not seen in more than four weeks. Strong US dollar driving gold down On Friday, the price of gold was hovering around $1,660 per ounce, close to two-year lows, and was expected to have its fourth losing week in five as a result of the strong dollar and the Federal Reserve's upcoming interest rate hike. Fears that the Fed may need to act even more aggressively to stop rising prices were confirmed by strong US retail sales and jobless claims statistics on Thursday and a surprise hot CPI reading earlier this week. In times of increased economic uncertainty, gold also lost its appeal as a safe-haven commodity when the World Bank and IMF cut growth projections for major economies and major US companies provided dovish advise on bleak economic prospects. Even though gold is regarded as a hedge against inflation and economic uncertainty, its attraction is diminished by increased interest rates, which increase the opportunity cost of storing non-yielding bullion. Gold Dec ‘22 Futures Price Chart WTI Crude Oil expected to decline for the third consecutive week As aggressive monetary tightening by major central banks and concerns about a global recession lowered demand expectations, WTI oil futures remained stable near $85 per barrel on Friday but were still expected to decrease for the third consecutive week. Energy prices were also under pressure due to a strong dollar, which increases the cost of goods for consumers using foreign currencies. In addition, the US Department of Energy reversed earlier claims that the US would replenish its emergency stocks should WTI prices fall below $80, removing the possibility of an oil price floor. This led to a sharp decline in oil prices on Thursday. China is considering allowing greater petroleum exports, which could indicate sluggish local demand on the supply side. The global oil market swung into a "substantial surplus" this quarter, according to Standard Chartered Plc, while Morgan Stanley and UBS Group AG lowered near-term predictions due to recession concerns, according to Bloomberg. WTI Crude Oil Futures Price Chart Cotton falling as economic outlook sours As traders considered the potential of decreased demand and constrained supplies, cotton futures were trading at levels not seen in more than four weeks. New limits on top consumers as a result of COVID-19 China raised further doubts about the state of the world economy as a result of rising interest rates. In its most recent report, the USDA reduced both the U.S. output estimate and the global production forecast for the crop year 2022–2023 by 3 million bales each. The health of the natural fiber crop is in jeopardy, and supply issues have arisen as a result of the hot, dry weather in important American agricultural regions. Crops in India, another significant producer, are still in danger due to unfavorable weather and pest infestations in key growing regions. Cotton Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Platinum Futures, Wheat Touching 2-Month Highs, Gasoline Prices Are Falling

Platinum Futures, Wheat Touching 2-Month Highs, Gasoline Prices Are Falling

Rebecca Duthie Rebecca Duthie 15.09.2022 15:03
Summary:Platinum closed at their lowest level since November 2020.These wheat futures levels had not been reached since July.Gasoline prices are falling. Platinum Futures As global interest rates are expected to continue rising and should remain high for a prolonged period of time, even if it slows growth, platinum futures extended losses to below $850 per ounce, closing in on their lowest level since November of 2020. They have also been tracking other precious metals lower. The fed funds rate has already increased by 225 basis points since March at the Federal Reserve, the most potent central bank in the world. Fed policymakers are now advocating for rises to continue at least until the level of 4% in early 2019. Additionally, despite expectations that they would subside in the second part of the year, ongoing shortages and supply chain problems hurt the auto industry and lower demand for autocatalyst components. Platinum Oct ‘22 Futures Price ChartWheat Futures rallyMid-September saw a rise in Chicago wheat futures as expectations of a robust supply continued to dwindle. These futures levels had not been reached since July. As President Putin condemned the UN-brokered agreement that established a secure corridor for grain transport along the Black Sea, worries about a sudden halt in exports from Ukraine continued to encourage higher prices in global wheat markets. Putin said that Russia had been "cheated" out of the deal and vowed to change any clauses that may limit supply to significant importers. In the interim, WASDE updated its global supply predictions, raising them by 3.6 million bushels to 1.1 billion bushels as increased production from Russia and Ukraine partially offset lower beginning stockpiles elsewhere. According to the Russian Ministry of Agriculture, the findings of the most recent winter harvest in Russia indicate record-high yields and harvest areas. Wheat Futures Price ChartRBOB Gasoline FuturesUnited States - Reformulated Gasoline Blendstock for Oxygenate Blending (RBOB) Prices: According to the United States Federal Reserve, the price of regular gasoline in Los Angeles in January 2021 was 2.21600 dollars per gallon. Reformulated Gasoline Blendstock for Oxygenate Blending (RBOB) Prices: Regular Gasoline: Los Angeles historically peaked in January 2012 at 3.03400 and peaked in January 2003 at 1.03000. The following table gives the United States - Reformulated Gasoline Blendstock for Oxygenate Blending (RBOB) Prices along with a historical data chart and related metrics. Regular Gas: Los Angeles - last updated on September 20, 2022 by the US Federal Reserve. RBOB Gasoline Futures Price ChartSources: finance.yahoo.com, tradingeconomics.com
Altcoins: Flow (FLOW) - What Is It? - A Deeper Look Into the Flow (FLOW) Platform

Altcoins: Flow (FLOW) - What Is It? - A Deeper Look Into the Flow (FLOW) Platform

Rebecca Duthie Rebecca Duthie 14.09.2022 18:05
Summary:What is The Flow Platform and how does it work?Uniqueness of the Flow exchange.Flow’s present and future price positions.The Flow PlatformA new generation of games, apps, and the digital assets that fuel them will be built on Flow, a quick, decentralized, and developer-friendly blockchain. The only layer-one blockchain that was first developed by a team that continually provided excellent user blockchain experiences is called Flow: NBA Top Shot, Dapper Wallet, and CryptoKitties.The foundation of a brand-new, inclusive, and global digital economy is the FLOW token ("FLOW"), which serves as the Flow network's native currency. FLOW token is the energy that drives the network if Flow is the digital infrastructure. The money needed for the network and all applications built on top of it is called FLOW. FLOW is intended to act as both a means of payment and a long-term reserve asset for the whole Flow economy. Validators, developers, and consumers use the token to take part in the FLOW network and get incentives. Additionally, it is utilized to pay fees and take part in protocol governance in the future.The only blockchain that incorporates usability enhancements into the protocol layer is Flow, which was built from the ground up for mass adoption. Leading brands and developers are already constructing on Flow to enable innovative new experiences with top-notch content. Top entertainment companies, development studios, and venture-backed businesses make up the diverse ecosystem of Flow. Global IP companies like Warner Music, Ubisoft, the NBA, and the UFC are among the partners in the flow ecosystem. Other notable projects among the upcoming class of high-growth firms include Opensea.Flow’s UniquenessAdapting from and enhancing current solutions, Flow offers: Multi-role architecture: The network can scale to serve billions of users on Flow without sharding or diminishing decentralization of consensus thanks to the design of the network, which is unique. Resource-oriented programming: Cadence, a simple and secure programming language for crypto assets and apps, is used to create smart contracts on Flow. Ergonomics for developers: This network is built for those who want to create useful goods for the community, from upgradeable smart contracts to the Flow Emulator. Consumer onboarding: Flow was created with the general public in mind, and its payment onramps make switching from fiat to cryptocurrency a secure and frictionless process.Advantages of the FLOW exchangeUser friendly and ready for mainstream, With a strong emphasis on developer friendliness and making it simple for non-crypto users to participate, Flow is designed for widespread adoption. The Flow network, for instance, makes it simple for users to find misplaced keys. Additionally, Flow strives to streamline the numerous procedures needed to begin their preferred tasks. Dapper Labs uses Flow for all of their portfolio projects as a result.Flow does not make use of sharding, Sharding is not a permanent solution, despite the fact that it may be useful occasionally. The Flow ecosystem is able to avoid some of the problems that sharding can bring about by integrating its blockchain without it.Flow places emphasis on decentralisation, This ensures that more people can take part in the consensus process that secures the network because it is so simple for developers and users to join the Flow ecosystem.Flow is supported by some of the greatest brands and investors in the world, With more individuals getting interested in cryptocurrencies globally, the Flow ecosystem and FLOW token are poised to play a significant role in the widespread adoption of cryptocurrencies.Present and Future prices of The Flow network (FLOW)Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, FLOW (FLOW) does fall under this category.According to some analysts, the future price of The FLOW network (FLOW) could reach up to $0.056 by 2025 and could see a price of more than $1.569 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. FLOW Price ChartSources: coinmarketcap.com, moonpay.com, swapspace.co
The British Pound Is Showing Signs Of Exhaustion Of The Bullish Force

US Dollar Rose In The Wake Of US CPI Inflation Reports (EUR/USD), UK CPI Inflation Data Exceeded Market Expectations (EUR/GBP, GBP/AUD)

Rebecca Duthie Rebecca Duthie 14.09.2022 17:11
Summary: Money market pricing indicates that the Fed will raise rates by 75 basis points. UK CPI inflation rate was lower in August than it was in July. According to economists, the Australian Dollar will fare better than any other major currency in 2022. USD rose, gold futures fell & stocks dropped sharply The market is reflecting mixed signals for this currency pair. The US Dollar rose, gold prices fell, and US stocks dropped sharply on Tuesday as a result of the August US CPI report's substantial effect on the financial markets. Headline Inflation in the US gained +0.1% m/m and +8.3% y/y, above expectations of no gain m/m and an increase of +8.1% y/y. Also hotter than anticipated, the core reading came in at +0.6% m/m versus a projection of +0.3%, while the y/y stood at +6.3% versus +6.1% anticipated. Money market pricing indicates that the Fed will raise rates by 75 basis points, but the tail-risk surprise has changed from a 50 to a 100 basis point increase. This reveals where the momentum is: more rate increases will result in the Fed Funds rate peak being higher than anticipated before the inflation report. EUR/USD Price Chart Has UK Inflation hit its peak? The market is reflecting mixed signals for this currency pair. Pound Sterling increased the day after the news broke. The UK CPI inflation rate was lower in August than it was in July, indicating that the price increase's peak may have already passed. This would be a favorable development for the outlook of the UK economy and, consequently, the Pound. However, the Bank of England's decision on September 22 looms large, and the final position of Sterling at the end of September may depend on whether they choose to raise interest rates by 75 or 50 basis points. According to analysts at certain large investment institutions, the market is expecting a 75 basis point increase from the Bank, which it must provide to maintain stable Pound exchange rates. The pound would decline if the Bank of England disappointed markets with a modest increase. EUR/GBP Price Chart GBP/AUD currency pair According to recent research from BMO Capital Markets, the Australian Dollar is a "quality" currency that is expected to increase in value against the U.S. Dollar and all other major currencies in the upcoming months. According to a BMO analysis of the Aussie Dollar, it is one of the best-performing currencies in 2022 because of a strong set of underlying reasons that support it. According to economists, the Australian Dollar will fare better than any other major currency in 2022 thanks to the nation's strong export market and sound domestic fundamentals. Australia's foreign exchange revenues have increased due to rising commodity prices, which has supported its currency. GBP/AUD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Thursday's Bank's of England decision may be record-breaking!

UK CPI Inflation Data Reflected The First Drop In 1 Year

Rebecca Duthie Rebecca Duthie 14.09.2022 15:28
Summary: UK CPI inflation beat market expectations. UK CPI Inflation fell from its 40-year high reached in July. UK CPI Inflation Data Beat Market Expectations In August, the Bank of England and households experienced an unexpected - and presumably transitory - decrease in consumer price inflation for the first time in almost a year. Following a 40-year high of 10.1% in July, annual consumer price rise fell to 9.9% on Wednesday, according to the Office for National Statistics. This was the first decline since September 2021 and fell short of the 10.2% increase predicted by a Reuters poll. However, experts cautioned that inflation was anticipated to peak at approximately 11% in October, when a new home energy tariff cap begins, and that it might be difficult to decline because of underlying pressures and a new fiscal stimulus from the government. ⚠️BREAKING:*UK CPI INFLATION RISES 9.9% IN AUGUST, DOWN FROM 40-YEAR HIGH OF 10.1% 🇬🇧🇬🇧 pic.twitter.com/Lc5in4fnrW — Investing.com (@Investingcom) September 14, 2022 Following the passing of Queen Elizabeth, the British central bank decided to postpone raising interest rates until next Thursday. On September 22, the BoE is expected to increase rates by 0.75 percentage points to 2.5%, according to financial markets. With the exception of a temporary attempt to support sterling during a 1992 exchange rate crisis, this would be its largest rate increase since 1989. Despite a slowing economy at risk of recession, the majority of economists surveyed by Reuters believe a half-point increase is more plausible, and they also anticipate the BoE to keep raising rates into next year. A severe pressure on living standards has been brought about in Britain by the rise in European natural gas prices brought on by Russia's invasion of Ukraine, which has been compounded by post-COVID labor shortages and supply-chain bottlenecks. Inflation is lowest in several European nations, notably Spain and the Netherlands, but it is the highest among the G7's major advanced economies in the UK. Prime Minister Liz Truss's capping household energy costs The incoming Prime Minister Liz Truss's decision to cap household energy costs, which will increase by 25% rather than 80% in October, has made it marginally easier for the BoE to achieve its goal of returning inflation to its 2% objective, at least in the short term. Before the cap, analysts predicted that inflation may reach 15% or higher early the following year. In addition to promising other help and tax cuts, the government is anticipated to employ public borrowing to make up for the lower rates charged by energy providers. This is anticipated to cost approximately 100 billion pounds ($116 billion). According to experts, this additional stimulus for an economy that is nearly at full employment and experiencing the lowest unemployment rate since 1974 would prolong domestic inflation pressures and force the BoE to raise rates further in order to bring inflation back to its 2% objective. Sources: Reuters.com
Volume Of Crude Oil Rose For The Second Session In A Row

WTI Crude Oil Has Remained Relatively Stable, Coffee Futures, Palladium Futures Touch 4-week Highs

Rebecca Duthie Rebecca Duthie 14.09.2022 15:17
Summary: Crude traded in a narrow range as investors continue to gauge the outlook for global demand. Coffee has dropped more than 2% in 2022. Palladium prices are 30% lower than they were in March. WTI Crude Oil stayed relatively stable WTI oil futures have been trading in a narrow range this week, holding around $87 a barrel on Wednesday as investors continue to gauge the outlook for global demand. The International Energy Agency is still pessimistic about fundamentals in the near term, pointing out that as the global economic recession deepens, growth in oil consumption is predicted to decelerate in the last quarter of 2022. However, the Paris-based company anticipates a significant increase in demand by 2023. OPEC, on the other hand, provided a somewhat more upbeat picture, keeping to its projections for worldwide solid oil demand growth in 2022 and the following year and highlighting indications that developed countries are still able to withstand challenges like rising inflation. Market expectations for the continuation of the 2015 nuclear agreement between the West and Iran have fallen in the meanwhile, but reports that the US was considering restocking its strategic oil reserves helped to maintain prices to some extent. WTI Crude Oil Futures Price Chart Coffee futures Trading on a contract for difference (CFD) that monitors the benchmark price for this commodity shows that coffee has dropped 4.60 USd/Lb or 2.03% since the start of 2022. Coffee Dec ‘22 Futures Price Chart Palladium futures touch 4-week highs As the dollar index deviated from 20-year highs, palladium futures increased their gains to $2,200 per ounce, the highest level in almost four weeks. Nevertheless, in spite of rising interest rates and slowing GDP, palladium prices are 30% lower than they were in March. It is anticipated that central banks would keep raising interest rates to keep inflation from soaring even when the economy is slowing. Furthermore, despite the price increase and supply chain disruptions, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet returned to its pre-pandemic levels. However, there is still a shortfall on the palladium market. Palladium Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
S&P 500 Amongst The Major Indexes That Tanked On Tuesday

S&P 500 Amongst The Major Indexes That Tanked On Tuesday

Rebecca Duthie Rebecca Duthie 13.09.2022 19:10
Summary:Hotter than expected US CPI inflation data.Expectations of a hawkish Fed persist.S&P 500 declines on US CPI inflation dataAfter shocking inflation data revealed that prices grew more than anticipated last month, U.S. stocks plummeted on Tuesday. The Nasdaq Composite fell 4%, with the Nasdaq leading the way down in technology companies. The Dow Jones Industrial Average lost 870 points, or 2.7%, and the S&P 500 fell by 3%. The hotter than expected inflation data possibly erased any doubt of a 75 basis point hike from the Fed at the next FOMC, as the Fed remains committed to trying to control soaring inflation.Early on Tuesday, the Bureau of Labor Statistics released the Consumer Price Index (CPI) for August, which revealed that prices increased by 0.1% over the previous month and 8.3% over the previous year. The 8.1% increase in inflation over last year and the 0.1% drop over the previous month were both below what economists had predicted. This number indicates some reduction in price hikes, which earlier this year reached four-decade highs. However, this smaller-than-expected fall probably ensures that the Federal Reserve will raise interest rates by another 0.75% at its policy meeting the following week.Investors are now pricing in an 82% likelihood of a 0.75% rate hike next week and an 18% possibility of a 1% rate hike, according to data from the CME Group after Tuesday's report. This data showed a split of 75%-25% between a 75 basis point and a 50 basis point rate hike last week. The 10-year yield increased to approximately 3.44% on Tuesday, while the 2-year yield increased by 15 basis points to as high as 3.72%. There were also significant movements along the Treasury curve. S&P 500 Price ChartSources: finance.yahoo.com
Tokyo Raises Concerns Over Yen's Depreciation, Considers Intervention

US Dollar Rallies In The Wake Of CPI Inflation Data

Rebecca Duthie Rebecca Duthie 13.09.2022 18:17
Summary: U.S. inflation is running hotter than markets anticipated. Core inflation reading is the one that concerns the Fed the most. Core CPI increased by 0.6% in Augus US CPI Inflation Missed Market Expectations Data that showed U.S. inflation is running hotter than markets anticipated caused the Dollar to rise dramatically, giving the Federal Reserve more confidence to hike interest rates. After U.S. headline CPI inflation rose 8.3% year-over-year in August, defying expectations for a reading of 8.1%, stocks dropped and the safe-haven high-yielding Dollar surged, though it was still lower than July's 8.5%. But contrary to forecasts for a decline, the month-over-month metric increased by 0.1%, the BLS reported, up from July's reading of 0%. The core inflation reading will be the one that concerns the Fed the most. Core CPI increased by 0.6% in August, exceeding both the 0.3% market expectation and the 0.3% result in July. Core CPI inflation is the form of inflation that the Fed may be able to control through higher interest rates because it is domestically based and therefore excludes external factors like energy prices. Core CPI inflation increased by 6.3% on an annual basis, exceeding both July's 5.9% and the market's expectations of 6.1%. LISTEN NOW: Inflation rose 8.3% year-over-year — we discuss the hotter-than-expected CPI number. Listen and follow the @SquawkStreet podcast here or on your favorite podcast platform: https://t.co/BoklbeW3jy pic.twitter.com/v2SxAuQfsh — CNBC (@CNBC) September 13, 2022 With a 1.40% increase against the New Zealand Dollar and a 0.84% increase against the Euro, the dollar advanced versus all the major currencies. "In response to the data, all G10 currencies weakened against the US dollar, with the largest losses seen in currencies that had recently benefited from the improvement in risk conditions. The pound, euro, yen, Kiwi dollar, Aussie dollar, and Swedish krona have now recorded losses in excess of one percent against the greenback, while the Norwegian krone posted the largest decline as it is down 2% on the day," says Jay Zhao-Murray, Market Analyst at Monex Canada. Even though gasoline prices were down significantly, the U.S. inflation surprise still occurred, suggesting that the energy shock is still having an impact. However, everyone is still surprised by the lag. In the event that workers seek greater wage agreements and businesses increase their prices, the Fed will be eager to boost rates. Sources: poundsterlinglive.com
Altcoins: Landbox (LAND) - What Is It? - A Deeper Look Into the Landbox (LAND) Platform

Altcoins: Landbox (LAND) - What Is It? - A Deeper Look Into the Landbox (LAND) Platform

Rebecca Duthie Rebecca Duthie 13.09.2022 16:56
Summary: What is The Landbox Platform and how does it work? Uses of the Landbox exchange. Landbox’s present and future price positions. The Landbox platform A decentralized platform called Landbox (LAND) provides users with real-time updates and information on international real estate investing. The platform solves the real estate market problem that demands physical attendance, stability, security in transactions, inflexible transaction procedures, limited liquidity, a long gestation period, etc. To address these issues, Landbox has implemented three innovation systems: the Develop Relay Project (DRP), the Prop-Tech System, and the Crypto-Tech System. Landbox aims to create an ecosystem for information sharing where anyone can take part and safely and conveniently share real estate investment information, according to its whitepaper. The platform's DRP system links users to initiatives looking for funding for land compensation and replacement projects for urban growth. Blockchain technology is used by the prop-tech system to safeguard transactions, speed up real estate trading for users, and guarantee fair deals for traders. The system provides customers with low-cost advertising, a higher success rate, and compensation through a real estate Q&A service. In order to guarantee that customers receive LAND compensation and incentives for using the platform, the company also incorporates a crypto-tech system. Additionally, the platform has created an IT and blockchain solution for a real estate auction platform called Auction OK, which enables users to bid whenever and without restrictions for a suitable property at a reasonable price. Users of the Landbox platform can conduct transactions using LAND, the platform's native coin. The users can communicate within the site and with other users by using LAND. Additionally, users can access third-party projects they discovered on the site by paying with LAND tokens. ​​Business development can be enhanced by adopting "prop-tech," a digital solution fusing blockchain with real estate development. The first service item made available is "AuctionOK," a blockchain-based online real estate auction service. The major drawbacks of the current offline-based real estate auction system are addressed by this product. A patent application has been submitted to use blockchain to offer an online, non-personal real estate auction service. By lowering the entrance barrier for clients to participate in online real estate auctions, these platforms help this industry grow. Because it is the only platform to offer a comprehensive land management solution to farmers and ranchers, LandBox is a significant business. Farmers and ranchers can access land information, tools, and resources through the LandBox platform to assist them in making decisions regarding their land. Farmers and ranchers can manage their crops, cattle, and other assets on their land as well as sell or lease their land through the LandBox platform. Why Invest in Landbox (LAND) The ideal strategy to invest in LandBox (LAND) will depend on your unique situation, so there is no universally applicable solution to this query. However, the following are some potential benefits of purchasing LandBox (LAND): The business has a proven track record of achievement. The usage and management of land could be revolutionized by the LandBox (LAND) platform. The business has a solid group of seasoned professionals on staff that are dedicated to keeping their word. Users of the LandBox platform can buy and sell real estate. An auction system, a marketplace, and a property management system are just a few of the services available on the platform. In addition, LandBox has a referral program that pays members for bringing in new subscribers. Past and Present prices of The Landbox network (LAND) The price of LAND started high and reached its all time peak of more than $9 in late March of 2021. Since then the price dropped sharply and has remained low. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Landbox (LAND) does fall under this category. LAND Price Chart Sources: finance.yahoo.com, coinbase.com, cryptolog.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

Uncertainty Around Europe's Energy Imports, Cotton Trading At 4-week Lows, Gold Demand Falling

Rebecca Duthie Rebecca Duthie 13.09.2022 15:44
Summary: Increased uncertainty regarding the demand for energy imports in Europe. Decreased demand and constrained supplies for cotton. Gold prices dropped to below $1700 an ounce on Tuesday. NGAS futures rose in September While there was increased uncertainty regarding the demand for energy imports in Europe as ministers discussed potential measures to reduce skyrocketing energy prices, US natural futures rose in September, recovering from the one-month low that was reached earlier in the month and extending the volatile momentum for energy commodities. Even so, costs are still well below the almost 14-year high of $10/MMBtu reached last month as demand was hampered by dropping temperatures. More gas will be available in the US for utilities to add to stocks for the upcoming winter as Freeport LNG anticipates a significant delay in the reopening of its Quintana export plant until November. NGAS Oct ‘22 Futures Price Chart Cotton trading at 4-week lows As traders considered the potential of decreased demand and constrained supplies, cotton futures traded at their lowest level in more than four weeks. Concerns over the prospects for the global economy owing to rising interest rates have been exacerbated by recent COVID-19-led limitations in top consumer China. In its most recent report, the USDA reduced both the U.S. output estimate and the global production forecast for the crop year 2022–2023 by 3 million bales each. The health of the natural fiber crop is in jeopardy, and supply issues have arisen as a result of the hot, dry weather in important American agricultural regions. Crops in India, another significant producer, are still in danger due to unfavorable weather and pest infestations in key growing regions. Cotton Dec ‘22 Futures Price Chart Gold futures falling A stronger dollar and a hotter-than-expected inflation print drove predictions of additional big rate hikes by the Fed to quell persistent inflationary pressures, and gold prices dropped to below $1700 an ounce on Tuesday. Despite a dramatic decline in gasoline prices, prices across the board increased overall, particularly for food and housing. Investors in Europe have bet that the ECB will keep raising borrowing costs sharply in the wake of this month's historic 75bps rate hike. Even though gold is regarded as a hedge against inflation and economic uncertainty, its attraction is diminished by increased interest rates, which increase the opportunity cost of storing non-yielding bullion. Gold Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradineconomics.com
Persistent Likelihood Of A Demand-Draining Global Economic Recession - Brent Crude Oil Futures, Silver Futures, Corn Futures

Persistent Likelihood Of A Demand-Draining Global Economic Recession - Brent Crude Oil Futures, Silver Futures, Corn Futures

Rebecca Duthie Rebecca Duthie 13.09.2022 02:28
Summary:Brent crude futures increased by a small amount, extending gains for the third session.Silver futures touching 3 week highs.Brent Crude Oil extends gains for third sessionOn Monday, Brent crude futures increased by a small amount to above $93.5 a barrel, extending gains for the third session. This was achieved despite concerns over a dimming demand picture and a US-led plan to control the price of Russian oil. The likelihood of a demand-draining global economic recession persisted, partly due to aggressive monetary tightening by major central banks and Covid-19 limits implemented by top crude importer China. As European sanctions begin to take effect in December, the Group of Seven is also attempting to persuade additional nations to join their efforts to restrict Moscow's energy revenues by setting a ceiling on Russian oil prices. Vladimir Putin, the president of Russia, promised to react by stopping all energy shipments to Europe if a price ceiling were to become law. Iran's commitment to a new nuclear accord has also been questioned by the UK, Germany, and France, which has delayed the possibility of an increase in Iranian oil exports. Brent Crude Oil Futures Price ChartSilver futures touch highest level in 3 weeksIn September, silver futures surged to nearly $19 per ounce, the highest level in three weeks, followed by other bullion assets during the US dollar's strong decline as investors continued to gauge how far the Federal Reserve will tighten policy. During the Cato Institute conference, Chairman Powell emphasized the language that the US central bank will keep raising interest rates to bring inflation significantly down, as markets continue to bet on the Fed raising rates by 75 basis points for a third time in a row this month. In other news, the ECB increased borrowing prices by a record-breaking 75 basis points to rein in the eurozone's soaring inflation and hinted at further tightening in upcoming sessions. Futures for silver are expected to end the week more than 4% higher. Silver Dec ‘22 Futures Price ChartCorn futures have gains 17.5% during 2022Trading on a contract for difference (CFD) that reflects the benchmark market for this commodity shows that corn has gained 103.81 USd/BU or 17.50% since the start of 2022. Corn Dec ‘22 Futures Price ChartSources: finance.yahoo.com, tradingeconomics.com
Altcoins: Enjin Coin (ENJ) - What Is It? - A Deeper Look Into the Enjin Coin (ENJ) Platform

Altcoins: Enjin Coin (ENJ) - What Is It? - A Deeper Look Into the Enjin Coin (ENJ) Platform

Rebecca Duthie Rebecca Duthie 12.09.2022 15:00
Summary: What is The Enjin Coin Platform and how does it work? What makes the Enjin exchange unique. Enjin’s present and future price positions. The Enjin Platform Enjin is a startup that offers an ecosystem of linked, blockchain-based gaming devices. Enjin Coin is one of its projects. The Enjin Network, a social gaming platform where users can create websites and clans, communicate, and run virtual goods stores, is the company's main product. On the Ethereum blockchain, in-game objects can be tokenized using Enjin, according to game developers. The digital assets released through its platform are backed by Enjin Coin, an ERC-20 token, allowing for the purchase, sale, and exchange of goods with real-world value. Enjin Coin was first introduced in July 2017 and debuted in June 2018 on the Ethereum mainnet. A digital store of value called Enjin Coin (ENJ) is used to support the value of blockchain assets like non-fungible tokens (NFTs). The minting resource ENJ, which is locked inside NFTs and taken out of circulation, is present in every asset created using the Enjin Platform. Using ENJ to mint blockchain assets offers both developers and users a number of advantages: Adds a reserve value to them. Make certain of their transparency and scarcity. They are given instance liquidity. Offers use in games and apps. Anti-inflationary. Users of Enjin can "melt" their blockchain assets at any time to recover the ENJ value contained therein. Aiming to provide software products that make it simple for anybody to produce, trade, monetize, and sell with blockchain, the Enjin blockchain ecosystem intends to be open to all. Enjin, a company that was established in 2009, has its origins in the gaming sector. Over the course of ten years, the Enjin Network, the company's first product, attracted 20 million members. Following an initial coin offering (ICO), Enjin positioned itself as a top developer of the blockchain ecosystem in 2017, creating a range of software tools that make it simple for anybody to create, maintain, trade, distribute, and integrate blockchain assets. The Enjin ecosystem, which is built on top of an on-chain infrastructure, makes it possible for game developers and organizations of all sizes to employ tokenized digital assets as part of their strategy for customer acquisition, retention, engagement, and monetization. Enjin Coin (ENJ), a cryptocurrency that supports the value of blockchain assets, powers the Enjin ecosystem. What makes Enjin unique? In order to give in-game assets real-world liquidity, co-founder Radomski claims that Enjin Coin is unique in that any token created with Enjin Platform, the company's blockchain asset production platform that debuted in February 2020, is directly backed by ENJ. In a similar vein, Blagov has said that the business is centered on adoption and that he envisions a time when millions of players use digital goods backed by Enjin Coin without even being aware that such a thing exists. Enjin Coin creates new, distinct fungible or nonfungible ERC-1155 tokens using a set of smart contracts to which game creators send ENJ. These tokens can be exchanged for their underlying ENJ at any time or traded on the Enjin Marketplace, which debuted in September 2019. More ENJ is taken from the ecosystem as more custom tokens are created, making ENJ scarcer. Enjin Coin employs a number of both on-chain and off-chain operations, according to its whitepaper. A Trusted Platform contacts users' smart wallets when a transaction is completed within the Enjin ecosystem, and the website or game is updated right away with a placeholder or nontradable version of the digital asset until the transaction has been approved by the Ethereum blockchain. Present and future prices of The Enjin Coin network (ENJ) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, ENJ does fall under this category. According to some analysts, the future price of The Enjin network (ENJ) could reach up to $7.6 by 2025 and could see a price of more than $9 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ENJ Price Chart Sources: finance.yahoo.com, coinmarketcap.com, cryptonewzs.com  
ECB press conference brings more fog than clarity

Euro Shows Strength On Monday (EUR/USD), UK Inflation Data Ahead (EUR/GBP), USD Gains Against The JPY(USD/JPY)

Rebecca Duthie Rebecca Duthie 12.09.2022 14:25
Summary: Ukrainian resistance in the country's east boosted the Euro. EUR/GBP may struggle in the wake of UK inflation data release. USD had a rough start to the week against the euro. Euro strengthened during Monday’s session The market is reflecting bullish signals for this currency pair. The news of Ukrainian resistance in the country's east as Ukrainian soldiers launched a counteroffensive caused the euro to rally by a significant 1.4% this morning. Bringing our attention back to the ECB, there was evident unhappiness among the board members after the significant 75 basis point increase was fully anticipated by the markets and had little to no impact on them. The infamous ECB "sources" said shortly after President Lagarde's address that rate increases could reach 2% (restrictive territory) to fight inflation and hinted in some way that the 2023 growth prediction was a bit on the "rosy" side. Finally, sources claimed that QT was imminent, with negotiations set to begin in October and a likely announcement to be made at the October ECB meeting. EUR/USD Price Chart EUR/GBP risk could increase The market is reflecting mixed signals for this currency pair. In the days ahead, when the market will likely be most interested in UK inflation data that could further increase the already elevated risk of aggressive interest rate action from the Bank of England (BoE) next week, the Pound to Euro exchange rate may struggle to get off the ground after falling last week. When the Bank of England (BoE) announces its interest rate decision for September on September 22 after delaying it to accommodate the nation's day of mourning for Her Majesty Queen Elizabeth II, the new fiscal package might have a substantial impact on the BoE's monetary policy. EUR/GBP Price Chart USD/JPY currency pair The market is reflecting bearish signals for this currency pair. The US Dollar had a mixed week to start, falling versus the Euro but rising once more against the Japanese Yen. The EUR/JPY moved closer to Friday's 8-year high as a result. Other currency combinations were generally quiet. Despite further browbeating from Japanese officials—this time from Deputy Chief Cabinet Secretary Seiji Kihara—the Yen weakened. He mentioned that excessively one-sided currency movements are being watched. In order to take advantage of the depreciating Yen and stimulate the economy, Japan recently announced a relaxation of travel regulations for visitors traveling domestically. USD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com  
Brent Crude Oil Stayed Quite Strong Yesterday Rising 0.7%, But In The Near Future Commodites May Be Endangered By (USD) US Dollar's Dominance And More

Persistent Likelihood Of A Demand-Draining Global Economic Recession - Brent Crude Oil Futures, Silver Futures, Corn Futures - 13.09.2022

Rebecca Duthie Rebecca Duthie 12.09.2022 12:00
Summary: Brent crude futures increased by a small amount, extending gains for the third session. Silver futures touching 3 week highs. Brent Crude Oil extends gains for third session On Monday, Brent crude futures increased by a small amount to above $93.5 a barrel, extending gains for the third session. This was achieved despite concerns over a dimming demand picture and a US-led plan to control the price of Russian oil. The likelihood of a demand-draining global economic recession persisted, partly due to aggressive monetary tightening by major central banks and Covid-19 limits implemented by top crude importer China. As European sanctions begin to take effect in December, the Group of Seven is also attempting to persuade additional nations to join their efforts to restrict Moscow's energy revenues by setting a ceiling on Russian oil prices. Vladimir Putin, the president of Russia, promised to react by stopping all energy shipments to Europe if a price ceiling were to become law. Iran's commitment to a new nuclear accord has also been questioned by the UK, Germany, and France, which has delayed the possibility of an increase in Iranian oil exports. Brent Crude Oil Futures Price Chart Silver futures touch highest level in 3 weeks In September, silver futures surged to nearly $19 per ounce, the highest level in three weeks, followed by other bullion assets during the US dollar's strong decline as investors continued to gauge how far the Federal Reserve will tighten policy. During the Cato Institute conference, Chairman Powell emphasized the language that the US central bank will keep raising interest rates to bring inflation significantly down, as markets continue to bet on the Fed raising rates by 75 basis points for a third time in a row this month. In other news, the ECB increased borrowing prices by a record-breaking 75 basis points to rein in the eurozone's soaring inflation and hinted at further tightening in upcoming sessions. Futures for silver are expected to end the week more than 4% higher. Silver Dec ‘22 Futures Price Chart Corn futures have gains 17.5% during 2022 Trading on a contract for difference (CFD) that reflects the benchmark market for this commodity shows that corn has gained 103.81 USd/BU or 17.50% since the start of 2022. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Brent Crude Demand Continues To Deteriorate, Gold May End Its 3-week Losing Run, Palladium Futures Prices Drop

Brent Crude Demand Continues To Deteriorate, Gold May End Its 3-week Losing Run, Palladium Futures Prices Drop

Rebecca Duthie Rebecca Duthie 09.09.2022 15:02
Summary:A strong US dollar, rising interest rates, and slowing GDP are contributing to the decline in palladium futures prices.Gold prices increased on Friday.Brent Crude Demand deteriorating.Brent Crude Oil futuresAlthough Brent crude futures held steady around $89 per barrel on Friday, they were still on track to experience their second consecutive weekly decline due to a deteriorating demand outlook caused by aggressive monetary tightening by central banks and Covid-19 curbs in China, the world's largest importer. This week, the UK benchmark has lost approximately 4% of its value, at one time falling to seven-month lows. On Thursday, the European Central Bank announced a historic rate increase of 75 basis points, while Federal Reserve Chair Jerome Powell reaffirmed the Fed's commitment to battling inflation. The megacity of Chengdu in China extended a lockdown on Thursday for the majority of its more than 21 million inhabitants, underscoring the nation's rigid devotion to its zero-Covid plan that is impeding economic recovery and casting doubt on the demand outlook. OPEC+'s unexpected reduction in output, Russia's threat to cut off energy supplies to nations who support a cap on the price of its petroleum, and a deteriorating picture for US supply couldn't stop the slide in oil prices. Brent Crude Oil Futures Price ChartGold prices on track to end a 3-week losing runGold prices increased toward $1,720 an ounce on Friday and were on course to end a three-week losing run, benefiting from a decline in the value of the dollar as investors processed statements on inflation from Federal Reserve Chair Jerome Powell. The markets accepted Powell's declaration that the Fed is "fully committed" to combating inflation in stride since they had already priced in another enormous 75 basis point rate hike at this month's policy meeting. In addition, the European Central Bank announced a historic rate increase of 75 basis points on Thursday and hinted at more tightening as it seeks to outpace inflation despite increased recession risks. As interest rates rose and the demand for metal fell, gold's appeal as a hedge against inflation and economic uncertainty also faded, and it is currently only 3% above its lowest levels in more than two years. Gold Dec ‘22 Futures Price ChartPalladium futures prices droppingThe strongest US dollar in nearly seven weeks, rising interest rates, and slowing GDP all contributed to the decline in palladium futures prices, which dropped below $1,780 per ounce. It is anticipated that central banks would keep raising interest rates to keep inflation from soaring even when the economy is slowing. Furthermore, despite the price increase and supply chain disruptions, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet returned to its pre-pandemic levels. Even so, there is still a shortage on the palladium market. Palladium Dec ‘22 Futures Price ChartSources: finance.yahoo.com, tradingeconomics.com
4 Cryptocurrencies To Keep A Watch On: Elrond (EGLD), Geojam (JAM), Alpine F1 Team Fan Token (ALPINE), QTUM Token (QTUM)

4 Cryptocurrencies To Keep A Watch On: Elrond (EGLD), Geojam (JAM), Alpine F1 Team Fan Token (ALPINE), QTUM Token (QTUM)

Rebecca Duthie Rebecca Duthie 09.09.2022 14:00
Summary: A summary of EGLD, JAM, ALPINE, QTUM, Proof of work, proof of stake, proof-of-history AAL, NFTs, DeFi. The Elrond platform Elrond is a blockchain protocol that uses sharding to provide incredibly quick transaction rates. According to the initiative, the Internet of Things, decentralized finance, and fintech make up the new internet's technology ecosystem. According to reports, its infrastructure for executing smart contracts can handle 15,000 transactions per second with a six-second latency and a $0.001 transaction fee. The native coin of the blockchain is called eGold, or EGLD, and it is employed for network fee payment, stake payments, and validator rewards. Elrond bills itself as a blockchain platform for enterprise use, decentralized apps, and the emerging internet economy. Its tremendous scalability is its key selling feature, and it claims to be the first blockchain network to handle state, network, and transaction sharding. It aims to strengthen its ecosystem and establish EGLD as a store-of-value asset, according to its economics paper.  Read more: Altcoins: Elrond (EGLD) - What Is It? - A Deeper Look Into the Elrond (EGLD) Platform  The Geojam Platform Fans can now interact directly with celebrities, athletes, and influencers like Mariah Carey, Machine Gun Kelly, and Nyjah Huston thanks to Geojam. With the launch of the cryptocurrency, $JAM, the platform integrates the principles of independent cryptocurrency communities and traditional social networking while fusing the technological developments of decentralised finance with real-world experiences. There are now two ways on the platform to redeem experiences and extra offerings: jam shop transactions and campaign competitions. Two new pool types, Creator Access Pools and Proposal Pools, will soon be introduced on Geojam (CAPs). On Geojam, pools function similarly, requiring participants to stake $JAM in return for rewards and access to an endless array of games, experiences, and unique items in the Jam Shop.  The following is a breakdown of their products: Pools of proposals Geojam and user-generated initiatives are requests for features or creator opportunities, and proposals are  a type of platform governance where users must stake $JAM to participate. In the end, many of these ideas will become experiences in Creator Access Pools (CAP). Read more: Altcoins: Geojam Token (JAM) - What Is It? - A Deeper Look Into the Geojam (JAM) Platform  The Alpine F1 Team Fan Token platform The biggest and most well-known cryptocurrency exchange in the world, Binance, has created the first Formula One-themed fan token called Alpine F1 Team Fan Token (ALPINE). The ALPINE token will enable supporters of the Alpine F1 Team an opportunity to interact with the racing brand after Binance published its first fan token in LAZIO. The ALPINE cryptocurrency has a number of present and potential uses, according to Binance. Owners of ALPINE tokens will have access to voting sessions on Binance once the token launches. Other fan tokens like LAZIO and PORTO allowed fans to vote on subjects like selecting the starting eleven for a test game and influencing what color the captain's band should be, although Alpine hasn't yet provided any ideas regarding how this could appear in practice. Read more: Altcoins: Alpine F1 Team Fan Token (ALPINE) - What Is It? - A Deeper Look Into the Alpine F1 Team Fan Token (ALPINE) Platform  The QTUM Token platform Qtum (pronounced "quantum") is an open-source blockchain platform for proof-of-stake (PoS) smart contracts and a value transfer mechanism. It aspires to combine the advantages of Bitcoin and Ethereum into a single chain. With the addition of smart contract execution and DApps, Qtum is based on Bitcoin's UTXO transaction architecture. DeFi applications are now supported by the platform. Qtum is a general-purpose blockchain that aims to address the four issues that its founders found most problematic with the BTC and ETH blockchain platforms: governance, interoperability, rigidity and cost of the proof-of-work mechanism, and difficulty connecting smart contracts with practical applications. Account Abstraction Layer (AAL) and Decentralized Governance Protocol are two distinctive technologies on the Qtum blockchain that seek to address this issue (DGP).  Read more: Altcoins: QTUM Token (QTUM) - What Is It? - A Deeper Look Into the QTUM (QTUM) Platform  Sources: fxmag.com
Apple (APPL) New Products Release

Apple (APPL) New Products Release

Rebecca Duthie Rebecca Duthie 08.09.2022 16:47
Summary:Apple released their latest products on Wednesday.Apple’s latest tech additionsWhile there were some unexpected details and features of Apple's (AAPL -0.52%) new goods disclosed during the company's major event yesterday, the company's three key refreshes—new iPhones, an improved Apple Watch lineup, and next-generation AirPods Pro—were mostly anticipated. With no major surprises, investors may be tempted to think that the event was a letdown. However, the following is problematic with the firm's most recent products: They stand for the most significant business sectors for Apple. In other words, just in time for the holidays, the tech giant updated the products that are arguably most crucial to the growth of its company.To say that the iPhone is vital to Apple is an understatement. It's crucial. In the most recent quarter, sales of the iPhone represented almost half of the business's revenue. Therefore, a new variety of iPhones will benefit Apple as it approaches the holiday season. But what some investors might not realize is that Apple's "wearables, home, and accessories" business division just overtook its services business to become the company's second-largest segment, which is not a product segment. This indicates that the products in this area, including Apple Watch and AirPods, have evolved into a big catalyst for the business. Furthermore, the market is expanding quickly. Wearables, home, and accessories revenue climbed 25% year over year in 2021.With so many new goods in its two key product categories, Apple may experience significant revenue increase in the upcoming quarters. Of yet, if Apple's recent supply chain constraints are any indication of the difficulties the business will encounter this holiday season, it's possible that production, rather than demand, could ultimately determine the company's growth in sales over the following months. However, if its production limitations loosen, Apple's chances of experiencing real sales growth are increased by a fresh, new product selection across important categories. APPL Price ChartSources: finance.yahoo.com, fool.com
The EUR/USD Pair Is Still In A High Position On The 1H Chart

ECB Interest Rate Decision (EUR/USD), UK Government Plans To Cap Gas Prices (EUR/GBP, GBP/AUD)

Rebecca Duthie Rebecca Duthie 08.09.2022 15:45
Summary: ECB raised all 3 major interest rates by 75bps. UK Government capping gas prices for next 2 years. RBA nearing the end of its interest rate hiking cycle. ECB interest rate hikes The market is reflecting bullish signals for this currency pair. To combat record-high inflation in the Euro Area, the ECB increased each of the three major interest rates by 75 basis points. Markets and experts had generally anticipated the decision to raise interest rates by 75 basis points, thus the first impact on the Euro has been muted so far. The ECB also noted that the governing council anticipates raising rates during the coming sessions, which is consistent with money market pricing, which projects a further 92 basis points of tightening by year's end. Looking ahead, attention will primarily be on ECB President Lagarde's news conference, where she is expected to discuss the necessity to raise interest rates into restrictive territory (above neutral rates) in order to support the euro in the short term. The energy crisis, which continues to put pressure on the Euro through parity, is the major story, though. EUR/USD Price Chart UK Government to cap gas prices The market is reflecting mixed signals for this currency pair. Following the announcement that the UK government would cap annual UK gas prices at £2500 for the next two years, the likelihood of a stronger finish to 2022 for the British Pound moved closer. An influential economist claims that the action effectively keeps UK inflation at current levels and averts the possibility of a recession. Investors have dumped sterling in recent months due to concerns that the UK would be among the nations worst affected by a confluence of rising inflation and slowing economic growth. Therefore, Truss' intervention refutes this claim, stating that the changes will probably reduce inflation's predicted peak by 5 percentage points. EUR/GBP Price Chart RBA nearing the end of their interest rate hiking cycle The Reserve Bank of Australia (RBA) is reaching the conclusion of its interest rate hike cycle, according to Governor Philip Lowe, which will cause the Australian Dollar to weaken. In the meantime, data indicating the nation's outstanding trade surplus shrank in July put additional pressure on the Australian dollar. According to Lowe, disparities between Australian and American pay setting practices allow the RBA to afford to slow pace. GBP/AUD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
The Markets Still Hope That The Fed May Consider Softer Decision

The ECB Interest Rate Decision - Met Market Expectations

Rebecca Duthie Rebecca Duthie 08.09.2022 14:25
Summary: ECB policy rate decision. ECB met interest rate expectations. ECB Decision Met Expectations The ECB on Thursday hiked interest rates by 75bps - meeting market expectations. Deposit Facility rate of the ECB exceeded market expectations, by 25bps, coming in at a 75bps rate hike. ECB Interest rate Decision The European Central Bank (ECB) policy announcement on Thursday may have some potential effects on the foreign exchange market, according to a "crib sheet" published by ING Bank. The market is anticipating a 75 basis point increase as the ECB looks to take swift action against inflation before the Eurozone's growth slows and a recession takes hold. However, ING economists believe that the market is mistaken in using 75 basis points, which might be the day's first significant source of volatility for the Euro. "Policymakers in Frankfurt will likely have to choose between a 50bp or 75bp rate hike this week. We think that a 75bp move would be too hard to digest for the dovish front within the Governing Council, and our call is for a 50bp move," says Francesco Pesole, a foreign exchange strategist at ING. According to ING's base case scenario, a 50bp would fall short of market expectations, causing the Euro to Dollar exchange rate (EUR/USD) to decline. In this base scenario, the ECB also projects weaker growth rates for the Eurozone, anticipating a wintertime recession. While high inflation will continue, it will start to decline over the outlook horizon, according to ECB predictions. If the ECB took an even more "dovish" posture, they would raise interest rates by 25 basis points as they assessed the severity of the impending economic slowdown, which would be reflected in their revised GDP projections. Inflation forecasts that indicate prices drop down to the 2.0% target over the forecast horizon would also be part of this dovish scenario. According to this call, the EUR/USD is expected to trade close to 0.96. However, the ECB will be keenly aware of the effects their decisions will have on the Euro because a weak Euro itself is an inflationary phenomenon because it drives up the price of importing commodities. This is especially detrimental during a crisis brought on by high gas and oil import prices. Sources: investing.com, poundtserlinglive.com
Platinum Closes At Lowest Level Since November 2020, Wheat Futures, RBOB Gasoline Expected To Decline

Platinum Closes At Lowest Level Since November 2020, Wheat Futures, RBOB Gasoline Expected To Decline

Rebecca Duthie Rebecca Duthie 08.09.2022 13:33
Summary:Platinum futures weighed down by rising interest rates.Concerns around wheat supply persist.American refineries to overproduce fuel in an effort to replenish low stockpiles of diesel and heating oil.Platinum futuresAs global interest rates are expected to continue rising and should remain high for a prolonged period of time, even if it slows growth, platinum futures extended losses to below $850 per ounce, closing in on their lowest level since November of 2020. They have also been tracking other precious metals lower. The fed funds rate has already increased by 225 basis points since March at the Federal Reserve, the most potent central bank in the world. Fed policymakers are now advocating for rises to continue at least until the level of 4% in early 2019. Additionally, despite expectations that they would subside in the second part of the year, ongoing shortages and supply chain problems hurt the auto industry and lower demand for autocatalyst components. Platinum Oct ‘22 Futures Price ChartWheat futures risingAfter Russian President Putin condemned the UN-brokered agreement with Ukraine to construct a secure corridor for grain transport along the Black Sea, Chicago wheat futures continued to rise in September, lingering near levels last seen in July. The remarks sparked worries about potential interruptions from one of the world's top exporters, risking weaker supply and altering global stock outlooks that kept wheat prices high from March to May. In order to free up storage space for the upcoming harvest, Ukraine anticipates selling more than 20 million tonnes of grain that are said to have collected in port silos since its invasion began on February 24. Wheat Futures Price ChartRBOB Gasoline expected to declineAccording to analysts and traders, wholesale gasoline prices are anticipated to continue declining in the upcoming months as American refineries overproduce fuel in an effort to replenish low stockpiles of diesel and heating oil. The amount of distillate products in stock in the United States, which also includes jet fuel, is at its lowest point in more than ten years. Due to the great demand for such products in Europe and internationally and the lack of refining capacity to supply that demand, manufacturing margins have remained high. The demand for gasoline has also been high, but it is declining as the U.S. driving season comes to an end. In order to refill low middle distillate inventories, independent U.S. refiners said early this year that they would keep operating at high rates even if gasoline consumption decreased. RBOB Gasoline Oct ‘22 Futures Price ChartSources: finance.yahoo.com, tradingeconomics.com
Market Trends and Currency Positioning: USD Net Short Position, Euro and Pound Analysis - 22.08.2023

US Dollar’s Unwavering Strength (EUR/USD), EUR/GBP, USD/JPY Falls To Lowest Level Seen Since 1998

Rebecca Duthie Rebecca Duthie 07.09.2022 16:25
Summary USD/JPY hitting lowest levels in 24 years. USD still strong. Expectations of the next interest rate hike from BoE fell. EUR/USD currency pair The market is reflecting bearish signals for this currency pair. Since the US Dollar continues to rise and shows little sign of slowing, it has been a wrecking ball for the foreign exchange markets. I would exercise caution in pursuing this upside, though, given that the most recent US CPI is right around the horizon. The inclination would be to downplay US dollar declines. The 0.99 handle serves as support for the euro, and although there has been a breach below it, there hasn't yet been a close below it. The language used, such as expressing a willingness to enter restrictive territory as opposed to merely front-loading policy to play catch-up, will be crucial in determining whether the Euro can find a floor, even though the ECB is preparing to raise interest rates by 75 basis points at its meeting tomorrow. EUR/USD Price Chart GBP declines The market is reflecting mixed signals for this currency pair. The Bank of England enters the scene and hits the already weak pound just as the market was concentrating on the new prime minister, Liz Truss. Following comments made by members of the Bank's Monetary Policy Committee (MPC), markets quickly reduced their expectations for a 75 basis point interest rate hike at next week's policy decision, causing a steep decline in the value of the pound. The panel's comments show that the Bank is still hesitant to hike interest rates in order to combat inflation and instead is betting that prices would decline as the economy weakens. EUR/GBP Price Chart USD continues to strengthen Today, the Japanese Yen's value against the US Dollar fell to its lowest level since 1998. In order to keep bond yields low, the Bank of Japan (BoJ) reaffirmed its yield curve control (YCC) program on Wednesday, despite the Fed's unambiguous indication that rates will rise. Today, the 10-year Japanese government bond (JGB) traded close to the 0.25% upper limit set by the central bank. The bank then declared that they would increase their bond buying as part of their planned operations. The 2-year note currently trades at 3.75%, with Treasury rates continuing to fly higher. Everywhere it has increased, the US dollar has. USD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Bank of Canada (BoC) Interest Rate Policy Decision - Met Market Expectations

Bank of Canada (BoC) Interest Rate Policy Decision - Met Market Expectations

Rebecca Duthie Rebecca Duthie 07.09.2022 16:03
Summary: Bank of Canada interest rate decision. BoC met market expectations. Bank of Canada meets market expectations The Bank of Canada (BoC) met the market expectations on Wednesday by hiking their interest rates by 75bps up to 3.25% from 2.5%. Their Ivey PMI beat market expectations which were set at 48.3, but came in at an actual value of 60.9. Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tighteninghttps://t.co/YXW4npzhVA#economy #cdnecon — Bank of Canada (@bankofcanada) September 7, 2022 Bank of Canada In order to safeguard the economy by limiting the amount that interest rates might need to increase over the medium term, the BoC increased its cash rate from 1.75% to 2.5% in July. This was done as part of a strategy to move monetary policy to an economically restrictive level sooner rather than later. Despite the fact that interest rate derivative market pricing implies that investors already expect the benchmark to climb further and as far as 3.75% by year's end, the BoC considers that restrictive threshold to involve a cash rate that is a place above the 3% level. “The Bank's commitment to front-loading rate hikes in the face of red-hot inflation means an even bigger 100 bps increase (matching July's hike) can't be ruled out. Canadian employment (Friday) is expected to rise 5K in August following two consecutive monthly declines. The unemployment rate is expected to increase to 5.0%, which is still very low,” says Alvin Tan, head of Asia FX strategy at RBC Capital Markets. With the approaching Bank of Canada rate decision expected today and the European Central Bank meeting on Thursday, we will undoubtedly use expectations to our advantage. Expectations play a significant part in the market impact of major event risk. In this meeting, both are expected to raise their respective benchmark rates by 75 basis points, but the former is doing so based on a 100-basis-point increase at its last meeting and the discount of a hawkish central bank. Sources: dailyfx.com, poundsterlinglive.com, investing.com
The G20 And IMF Are Already Preparing Their Crypto Regulation

Altcoins: Chainlink (LINK) - What Is It? - A Deeper Look Into the Chainlink (LINK) Platform

Rebecca Duthie Rebecca Duthie 07.09.2022 15:52
Summary: What is The Chainlink Platform and how does it work? Uses of the Chainlink exchange. Chainlink’s present and future price positions. The Chainlink platform Chainlink, a blockchain abstraction layer that was established in 2017, enables globally interconnected smart contracts. Chainlink, a decentralized oracle network, enables blockchains to interact securely with external data feeds, events, and payment methods while providing the crucial off-chain information required by sophisticated smart contracts, which are quickly taking over as the primary type of digital contract. A sizable open-source community of data producers, node operators, smart contract developers, researchers, security auditors, and others powers the Chainlink Network. The firm is committed to ensuring that all node operators and users who want to contribute to the network are assured decentralized involvement. One of the first networks to support the inclusion of off-chain data in smart contracts is Chainlink. Chainlink is one of the top companies in the data processing industry and has a large network of reliable partners. Chainlink has garnered interest from many reputable data sources since it incorporates off-chain data, including Brave New Coin, Alpha Vantage, and Huobi. Data providers can make money off their information by selling Chainlink access to the data they have. Chainlink, a decentralized network, enables users to operate nodes and generate income from the vital data infrastructure necessary for the operation of blockchains. Chainlink powers a sizable number of decentralized Price Feed oracle networks that are already in operation and safeguard billions of dollars in value for top DeFi applications like Synthetix, Aave, Compound, and others. Chainlink now does much more than only collect and provide bitcoin pricing data to DeFi protocols like Aave. The ecosystem presently has access to over 1 billion data points and secures over $75 billion in value through integrations with 1,000 projects across 700 oracle networks. Chainlink has worked with well-known companies including AccuWeather, FedEx, FlightStats, and the Associated Press to verify data. The appointment of Eric Schmidt, the former chairman and CEO of Google, as a technical advisor to the Oracle Network Protocol is one of Chainlink's biggest victories, though. According to Schmidt, "Chainlink is a secret ingredient to unlocking the potential of smart contract platforms and revolutionizing business and society," and he is interested in helping Chainlink build a world powered by truth. Schmidt joins other well-known advisors to Chainlink, such as former CEO of LinkedIn Jeff Weiner and co-founder of DocuSign Tom Gonser. The ultimate rollout of staking allowing LINK holders to protect the network and earn rewards is scheduled for 2022 on the Chainlink roadmap. Oracle networks are a type of decentralized computing, not a blockchain, therefore while Chainlink has been working on a staking solution for years, they are not a blockchain. Co-founder Nazarov explained that Chainlink does not produce blocks but “make consensus on hundreds of oracle networks about price data.” He claims that the team is now prepared to introduce staking this year after finally being satisfied with the security and scalability of the consensus mechanism. Advantages of the Chainlink Platform Enables safe communication between off-chain data and smart contracts. Possibility of allowing smart contracts that resemble modern financial contracts. Financial compensation for securely supplying Chainlink with dependable data. Partnerships with major corporations like Google Cloud and SWIFT. Present and future prices of The Chainlink network (LINK) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Chainlink (LINK) does fall under this category. According to some analysts, the future price of The Chainlink network (LINK) could reach up to $35 by 2024 and could see a price of more than $50 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. Chainlink Price Chart Sources: finance.yahoo.com, coinmarketcap.com, cryptovantage.com, cryptonewsz.com  
Commodities: EU Members Manage To Agree On Price Caps For Russian Oil

WTI Crude Futures Trading Close To January Lows, Potential For Favourable Weather Driving Coffee Futures Down, Palladium Futures

Rebecca Duthie Rebecca Duthie 07.09.2022 15:19
Summary: WTI crude futures fell amidst concerns around weak demand. Potential rain in Brazil driving coffee futures down. Strong US dollar. WTI Crude Oil trading close to January lows WTI crude futures were trading close to January's lows around $87 per barrel on Wednesday due to ongoing worries about slowing global growth and therefore weak demand. Weak customs statistics from the world's largest importer, China, and new coronavirus-related limitations in a number of cities raised the possibility of significant economic harm and decreased gasoline usage. In addition, lingering worries about global economy and the prospect of protracted tighter financial conditions continued to depress mood. With Saudi Arabia foreshadowing more action, OPEC+ surprisingly agreed to cut supply by 100,000 barrels per day beginning in October, providing a floor under prices. WTI Crude Oil Futures Price Chart Coffee Futures fell amidst favourable weather potential As the attention remained on the weather in top producer Brazil, Arabica coffee futures on the ICE were trading down marginally from an almost six-month high hit on August 25. The setback has been exacerbated by the likelihood of rain in some regions of Brazil's coffee-growing regions over the upcoming few weeks, but dealers said there are still questions about whether there will be enough moisture to support development of coffee buds and cherries after some early flowering. As of August 31st, 672,585 bags of ICE-certified arabica were in stock, up from a 23-year low of 571,580 bags on August 15th, according to the most recent data. Coffee Dec ‘22 Futures Price Chart Shortage of Palladium remains The strongest US dollar in nearly seven weeks, rising interest rates, and slowing GDP all contributed to the decline in palladium futures prices, which dropped below $1,780 per ounce. It is anticipated that central banks would keep raising interest rates to keep inflation from soaring even when the economy is slowing. Furthermore, despite the price increase and supply chain disruptions, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet returned to its pre-pandemic levels. Even so, there is still a shortage on the palladium market. Palladium Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Oil Prices Soar on Prospect of Soft Landing, Eyes Set on $80 Breakout

Stock Market Volatility Drives Nasdaq Downwards, Reserve Bank of Australia’s Interest Rate Decision

Rebecca Duthie Rebecca Duthie 07.09.2022 00:04
Summary: Nasdaq fell more than 0.7% on Tuesday. RBA interest rate decision. Nasdaq down 0.74% on Tuesday In a volatile post-Labor Day session on Tuesday, U.S. stocks fell as investors remained on edge in anticipation of the Federal Reserve's upcoming policy decision later in the month. The declines on Tuesday were led by the tech-heavy Nasdaq Composite, which fell 0.7%. The movements follow three weeks in a row in which the major averages have lost money. Following the release of new data showing that U.S. services activity accelerated in August, losses throughout the equity market continued. This gave investors reason to believe that Fed officials could go with a larger rate rise of 75 basis points on September 21. IXIC Price Chart Reserve Bank of Australia’s interest rate decision The Reserve Bank of Australia (RBA), which raised interest rates by another 50 basis points on Tuesday, together with indications that the central bank is reaching the conclusion of its tightening cycle, left the Australian Dollar floundering. By raising rates by 50 basis points, the RBA satisfied market expectations and promised additional rate increases in its outlook. However, the RBA acknowledged "higher inflation and higher interest rates are putting pressure on household budgets, with the full effects of higher interest rates yet to be felt in mortgage payments". This is a sign from the Bank that it thinks the time has come to scale back on raising interest rates because the full impact of recent moves has not yet been felt. Sources: fxmag.com, poundsterlinglive.com, finance.yahoo.com
EUR/USD Dropped To New Multi-year Lows, Truss Delivers A Convincing Package To Beat The Cost Of Living Crisis (EUR/GBP), RBA Interest Rate Decision (GBP/AUD)

EUR/USD Dropped To New Multi-year Lows, Truss Delivers A Convincing Package To Beat The Cost Of Living Crisis (EUR/GBP), RBA Interest Rate Decision (GBP/AUD)

Rebecca Duthie Rebecca Duthie 06.09.2022 22:12
Summary: U.S. economy is doing well despite tighter monetary policy. Truss - The new UK prime minister as of Tuesday. RBA interest rate decision. EUR/USD hits multi-year lows on Tuesday The market is reflecting mixed signals for this currency pair. On Tuesday due to negative sentiment, the EUR/USD dropped to new multi-year lows, briefly touching 0.9865 in choppy trading after U.S. markets resumed trading after the Labor Day holiday on Monday. Even while the euro was able to somewhat recoup some of its losses during the day, broad U.S. dollar rise in the early afternoon hampered the currency's sentiment. As a result of a rise in U.S. Treasury rates, which drove both short-term and particularly long-dated yields considerably higher, DXY rose as much as 0.85% at one point. Bond prices rose in part as a result of better-than-expected statistics from the U.S. services sector. The non-manufacturing PMI for August rose to 56.9 versus 55.1 predicted, according to the Institute for Supply Management, which indicates that the economy is still very robust. The fact that the U.S. economy is doing well despite tighter monetary policy suggests that the central bank will likely move forward with its plans to raise interest rates a few more times in the upcoming months, keeping them there for longer than initially anticipated to reduce inflation, which would be bullish for the dollar. However, for the time being, a dovish pivot will not materialize. EUR/USD Price Chart GBP supported by Truss’ policies The market is reflecting mixed signals for this currency pair. The British pound has had a terrible year, but if the incoming prime minister can present a convincing package of policies to address the cost of living crisis, the pound may recover in the remaining months of the year. According to a number of media publications, Truss, who became prime minister on Tuesday, may implement a plan to cap energy costs at £130 billion. She's also expected to make a major tax cut announcement as part of one of her major campaign promises. According to sources, the UK's incoming Prime Minister is thinking about freezing energy prices for millions of homes this winter, a move that may reduce the country's inflation rates by as much as four percentage points. According to Capital Economics, an independent research firm, core inflation would nevertheless continue to be stubbornly high and attract additional Bank of England interest rate increases. EUR/GBP Price Chart RBA decided on 50bps interest rate hike The Reserve Bank of Australia (RBA), which raised interest rates by another 50 basis points, together with indications that the central bank is reaching the conclusion of its tightening cycle, left the Australian Dollar floundering. By raising rates by 50 basis points, the RBA satisfied market expectations and promised additional rate increases in its outlook. Sterling pounds According to Live's RBA preview, the currency would be more affected by the direction of future raises than by a 50 basis point increase, which would provide little support to the Australian dollar. We warned that the Australian dollar might suffer from a "dovish" hike, in which the Bank sought to curb expectations for additional assertive action. The RBA brings Australia's basic lending rate into a range of 2-3% that it views as the "neutral" position by raising the Cash Rate to 2.35%. As a result, it holds that interest rates are neither restrictive nor stimulatory, which lends support to the idea that the RBA may start to contemplate easing back. GBP/AUD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Altcoins: Smooth Love Potion (SLP) - What Is It? - A Deeper Look Into the Smooth Love Potion (SLP) Platform

Altcoins: Smooth Love Potion (SLP) - What Is It? - A Deeper Look Into the Smooth Love Potion (SLP) Platform

Rebecca Duthie Rebecca Duthie 06.09.2022 10:49
Summary: What is The Smooth Love Potion Platform and how does it work? Uses of the Smooth Love Potionexchange. Smooth Love Potion’s present and future price positions. The Smooth Love Potion Platform By taking part in the Axie Infinity game, players can acquire Smooth Love Potion (SLP) tokens. Experience points are replaced by this digital asset. SLP are ERC-20 tokens that may be used to create new Axies, or virtual pets. Beginning at 100 SLP, the cost of breeding rises steadily to 200 SLP for the second breed, 300 SLP for the third, 500 SLP for the fourth, 800 SLP for the fifth, and 1,300 SLP for the sixth. The seventh breed of Axies costs 2,100 SLP and can only be produced a maximum of seven times. This cap is in place to guard against market hyperinflation. Gaining SLP in the game can take some time, and a player could need to triumph in 15 competitions to amass enough tokens to perform their first breed. Gamers can get a jump start by buying SLP on the open market. It's not very common for in-game money to be available on exchanges like SLP. It resembles Nintendo's decision to assign a monetary value to the coins utilized in Super Mario in certain ways. Axies, according to Nguyen (Founder of Axie Infinity), differ from other non-fungible tokens because they require nurturing if they are to have any chance of maturing. SLP is particularly distinctive in that it is one of the select few in-game tokens that Binance has listed in its Innovation Zone. For assets "that are anticipated to have higher volatility and offer a larger risk than other tokens," the exchange has set aside this trading category. The current market capitalisation for the Smooth Love Potion (SLP) is $171,357,209. There is a total supply of 43,313,391,582 tokens, all of which are currently in circulation. Uses of Smooth Love Potion (SLP) Axies trading and purchases. Axies, the adorable little creatures that you may gather and teach in Axie Infinity, are the main use case for SLP. Each Axie has distinct characteristics and abilities that make it valuable for both playing and collecting games. Both ETH and SLP can be used to purchase Axies, albeit SLP is frequently far more expensive. Minting. The Mystic class of Axies and other new Axie game goods are manufactured using SLP. A fraction of the overall supply of SLP is burned each time a new item is created, lowering the supply and raising the value of each token that is still in circulation. Trading on independent markets. On decentralized exchanges, you can trade SLP in addition to buying and selling Axies (DEXes). This enables you to make predictions about the token's price changes without needing to use a centralized exchange. SLP is compatible with all significant DEXes, including Uniswap, Kyber Network, and 0x Protocol, as an ERC20 token. Salary and tips. The usage of SLP for payments and tips is another example. The token can be used to tip someone for their labor or to pay for products and services. You could utilize ETH or any other cryptocurrency in a manner similar to this. But in the long run, SLP might be more valuable than other cryptocurrencies because of its limited supply. If you want to maintain your worth, this makes it a suitable option for payments and tips. Present and future prices of The Immutable X network (IMX) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Smooth Love Potion (SLP) does fall under this category. According to some analysts, the future price of The Smooth Love Potion network (SLP) could reach up to $0.0092 by 2025 and could see a price of more than $0.023 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. SLP Price Chart Sources: finance.yahoo.com, coinmarketcap.com, coinspeaker.com, capitalcoin.com
Natural Gas Prices Extended The Recovery

Russia Suspends Flow Through The Nord Stream 1 Pipeline, Cotton Futures, Gold Prices Increase For The First Time In 3-weeks

Rebecca Duthie Rebecca Duthie 06.09.2022 09:29
Summary: NGAS futures rise in the wake of suspension of Nord Stream 1 pipeline. A stagnant dollar and safe-haven buying prompted by economic uncertainty boosted bullion demand. NGAS futures increasing The second week of September saw a small increase in US natural gas futures, recovering from the 6% drop the previous week to keep pace with the rise in the European benchmark following the indefinite suspension of Russian gas exports through the Nord Stream 1 pipeline. The action reversed the prior declaration by Russian supplier Gazprom that flows will start up again on Saturday after a maintenance outage, adding to worries over Europe's energy shortage before the winter. Meanwhile, a string of heatwaves that have hit the US this summer have increased demand for gas-fired power facilities. Freeport LNG announced that the launch of its Quintana export project would be postponed until November. NGAS Oct ‘22 Futures Price Chart Cotton Futures Trading on a contract for difference (CFD) that monitors the benchmark market for this commodity shows that cotton has dropped 3.01 USd/Lbs, or 2.67%, since the start of 2022. Cotton Dec ‘22 Futures Price Chart Gold futures rising After falling for the previous three weeks, gold prices increased above $1,710 an ounce on Tuesday as a stagnant dollar and safe-haven buying prompted by economic uncertainty boosted bullion demand. As traders took some profits and anticipated this week's speeches by Federal Reserve officials and policy announcements from other significant central banks, the dollar's unrelenting rally came to a halt. Following the announcement that gas shipments via the crucial Nord Stream 1 pipeline will not resume, a worsening energy crisis in Europe also rekindled recessionary fears, prompting investors to seek for safer assets. As the Federal Reserve is anticipated to continue with aggressive interest rate hikes to combat excessive inflation, gold is likely to remain under pressure. On Tuesday, the Reserve Bank of Australia also announced its fourth consecutive 50 basis point rate increase, and later this week, the European and Canadian central banks are expected to do the same. Gold Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Further Downside Of The AUD/JPY Cross Pair Is Expected

RBA Interest Rate Decision - The Fight Against Rising Inflation Continues

Rebecca Duthie Rebecca Duthie 06.09.2022 09:08
Summary: RBA monetary policy decision. RBA meets market expectations. The RBA Hikes Interest Rates By 50bps - Meeting market expectations The Reserve Bank of Australia (RBA), which raised interest rates by another 50 basis points, together with indications that the central bank is reaching the conclusion of its tightening cycle, left the Australian Dollar floundering. By raising rates by 50 basis points, the RBA satisfied market expectations and promised additional rate increases in its outlook. However, the RBA acknowledged "higher inflation and higher interest rates are putting pressure on household budgets, with the full effects of higher interest rates yet to be felt in mortgage payments". This is a sign from the Bank that it thinks the time has come to scale back on raising interest rates because the full impact of recent moves has not yet been felt. At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 2.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 2.25 per cent - https://t.co/7SpNu8FKJQ — RBA (@RBAInfo) September 6, 2022 RBA Hikes Interest Rates The Reserve Bank of Australia's upcoming interest rate hike may provide some short-term comfort for the Australian dollar. Investors expect the RBA to raise interest rates by another 50 basis points, but the Australian dollar may fluctuate depending on the bank's future direction. The RBA’s decision to raise interest rates by 50 basis points in its battle against growing inflation; according to the most recent data, prices are rising at a 6.1% annual rate. However, a 50bp is "in the price" of Australian currency rates, thus market volatility will most likely depend on the direction the RBA directs investors to take in terms of future policy decisions. Australia's economy is weakening; according to August PMI data, a fall in services sector activity caused the composite index to enter contractionary territory. "Beyond this month the outlook looks far bumpier. The RBA could therefore be driven to signal a smaller pace of hikes from next month, as a weaker economic backdrop accelerates, delivering what we might describe as a dovish hike," says a daily currency update from Moneycorp. "Given that 50bps is all but priced into markets, the Aussie is likely to be driven on the day by the commentary from the RBA, with the Aussie likely being boosted most by bullish calls, and hindered if the RBA adopts a dovish tone," adds the note. The Australian Dollar is the third-best performing major currency in 2022. Thanks to Australia's substantial trade surplus, which implies that its currency is supported by robust export revenues, the Australian Dollar is the third-best performing major currency in 2022. Sources: poundsterlinglive.com, investing.com
The Complex Factors Influencing Gold Prices in 2023: From Interest Rates to China's Impact

Euro To US Dollar Index Falls - Touching Levels Not Seen In 20 Years

Rebecca Duthie Rebecca Duthie 06.09.2022 00:01
Summary: Thursday's European Central Bank (ECB) meeting during this crucial week for the euro. Russia cuts off Nord Stream gas supply. A crucial week for the Euro. But is still at risk as energy issues become more apparent. Euro Index suffers in the wake of Russia Turning off the gas taps Monday saw a new 20-year low for the euro as concerns about a worsening energy crisis in the area increased as Russia cut off gas supplies to Europe through its main pipeline. In recent months, there has been an increase in the correlation between the euro and natural gas prices, with the latter declining as energy prices rise. Before the chilly winter months, Europe is frantically trying to wean itself off Russian supply and build up reserves, but many predict a significant economic damage. Invoking an oil leak in a turbine, Russia postponed a Saturday deadline for the Nord Stream pipeline to begin carrying oil. It happened at the same time that the Group of Seven finance ministers announced a limit on Russian oil prices. Early in European trading, the euro fell to $0.9876, its lowest level since 2002, before bouncing back to $0.9939, but down 0.2% on the day. "Gas flows have been curtailed even more than expected and we have already seen evidence of demand destruction weighing on activity," said Michael Cahill, a strategist at Goldman Sachs. "We now expect the Euro to fall further below parity ($0.97) and remain around that level for the next six months," he added. Investors are gearing up for Thursday's European Central Bank (ECB) meeting during this crucial week for the euro, as markets have priced in a nearly 80% possibility of a massive 75 basis point (bp) interest rate hike. The stabilization of the euro, which has lost over 8% of its value over the last three months, will be welcomed by ECB policymakers. That will fuel the desire to tighten policy in an effort to control inflation. EUR/USD Price Chart Sources: finance.yahoo.com, reuters.com
ECB Expected To Raise Interest Rates (EUR/USD), Liz Truss Selected For UK Prime Minister (EUR/GBP, GBP/AUD)

ECB Expected To Raise Interest Rates (EUR/USD), Liz Truss Selected For UK Prime Minister (EUR/GBP, GBP/AUD)

Rebecca Duthie Rebecca Duthie 05.09.2022 19:05
Summary:RBA interest rate announcement due tomorrow.Nord Stream pipeline 1 temporarily shutdown.Liz Truss selected for prime minister.Euro weighed down by temporary close of Nord Stream PipelineThe market is reflecting bearish signals for this currency pair. The Euro to Dollar exchange rate performed reasonably well last week, but it may find it difficult to avoid underperforming this time due to dangers to Europe's energy supply and economies as well as further headwinds from recent coronavirus restrictions in China. The euro appreciated significantly last week as the European Central Bank (ECB) interest rates are expected to rise to a record high on Thursday as a result of a new high for inflation and as European Commission officials announced they would look into ways to lower the cost of energy. But after Russian company Gazprom said that the Nord Stream pipeline would be down permanently, natural gas would no longer be transmitted to Germany, the euro came under pressure ahead of the weekend and experienced some additional, though brief losses early on Monday. EUR/USD Price ChartLiz Truss - new UK prime ministerThe market is reflecting mixed signals for this currency pair. With 57% of the party vote, Liz Truss has been chosen as the next prime minister of the United Kingdom, becoming the third in six years. Now that the UK will be out of this fiscal policy vacuum, this will provide some positive news for the pound. Recently, UK government bonds and the GBP have aggressively sold off (perhaps in part due to the political risk premium being priced in); this is comparable to how an EM currency would trade.In other places, Liz Truss has also made clear her position on the Bank of England, reiterating the value of their independence while dialing back some of her stern language regarding BoE changes. As a result, the period of GBP underperformance might have reached its pinnacle at this point given that fiscal policy measures are just around the corner. As a result, even though GBP sentiment is at an all-time low, there may be a case for a slight mean reversion in GBP crosses, especially against the Euro as compared to the USD since it is challenging to place bets against the dollar. EUR/GBP Price ChartRBA interest rate decisionThe GBP/AUD currency rate has been under pressure for the majority of 2022, but it may soon see some relief as a result of another Reserve Bank of Australia interest rate increase. Investors expect the RBA to raise interest rates by another 50 basis points, but the Australian dollar may fluctuate depending on the bank's future direction. The RBA has decided to raise interest rates by 50 basis points as it battles growing inflation; according to the most recent data, prices are rising at a 6.1% annual rate. However, a 50bp is "in the price" of Australian currency rates, thus market volatility will most likely depend on the direction the RBA directs investors to take in terms of future policy decisions. GBP/AUD Price ChartSources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?

Altcoins: Immutable X (IMX) - What Is It? - A Deeper Look Into the Immutable X (IMX) Platform

Rebecca Duthie Rebecca Duthie 05.09.2022 18:10
Summary: What is The Immutable X Platform and how does it work? Advantages of the Immutable X exchange. Immutable X’s present and future price positions. The Immutable X Platform As the first layer-two scaling option for NFTs on Ethereum, Immutable X places itself in this space. Immutable X claims that its blockchain overcomes Ethereum's drawbacks, including its low scalability, subpar user experience, lack of liquidity, and delayed development experience. Instead, users get to experience $0 gas costs for minting and trading NFTs, instant trading, and vast scalability without compromising asset or user security. Immutable X uses STARK zk-rollups, a technology that Vitalik Buterin believes Ethereum is "all-in" on, to do that. Users will be able to produce and distribute assets like ERC-20 and ERC-721 tokens on a vast scale as a result of this technology. Immutable X enables Gods Unchained to deploy a novel meta-system that was previously impractical, according to Chris Clay, the game director of the project that is currently based on it. In this way, Immutable X hopes to give users and developers alike a top-notch experience. One advantage of Immutable X is that it is one of the first layer-two systems to use zk-rollups and to concentrate just on NFTs. The project is at the forefront of advancement in the Ethereum ecosystem as zk-rollups gain popularity as a scaling option. If Immutable X can accomplish its projected transaction speed of more than 9,000 tps, it stands a decent possibility of becoming the standard "NFT blockchain" in the future. The API abstraction layer is a key element in delivering on this promise. Every NFT-related interaction, including minting, trading, and transferring, is now a straightforward API call on Immutable X because of REST APIs. The company believes that this will play a significant role in luring new competitors like well-known gaming and content providers to the market. Users won't need to switch networks while linking their wallets, as well. Additionally, the protocol offers a middle layer known as the "Link," which enables an NFT-specific wallet experience and permits Immutable X to support a third-party marketplace environment without running the risk of security breaches. Immutable X enables protocol liquidity through its shared global order book, allowing NFT marketplaces to be constructed without a backend. As a result, the native marketplace of the protocol can coexist with third-party marketplace solutions. With this option, the protocol also hopes to minimize entry barriers for smaller developers and content creators. Advantages of the Immutable X Platform ZK-Rollup Scaling Engine, Immutable X, which focuses only on NFT projects, is one of the first platforms to leverage ZK-rollup technology. This platform mixes exchanges particular to NFTs with proof logic. Rollups give users a good experience and a lot of scalability while yet maintaining a high level of security. API Abstraction Layer, The API abstraction layer, which wraps around the scaling engine and enables interaction with smart contracts on the part of developers, is another element of Immutable X. This feature facilitates faster project launches, assisting new entrants in establishing themselves. Layer Two Scaling Solution, Every developer that uses Immutable X benefits from lightning-fast speeds, almost-zero gas costs, and the security that Ethereum offers as a Layer 2 scaling solution. NFT-Enabled Wallets, Immutable X doesn't demand consumers to switch between different NFT marketplaces because it supports all Ethereum wallet types. Additionally, it offers an intermediary layer type called IMX Link that enables users to take use of a wallet experience that is solely focused on NFT projects. Immutable X also supports third-party NFT marketplaces without posing any security problems. Platform SDKs Shared Liquidity and Order Book Zero Gas Fees Staking Decentralized Governance Present and future prices of The Immutable X network (IMX) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, IMX does fall under this category. According to some analysts, the future price of The Immutable X network (IMX) could reach up to $3.60 by 2025 and could see a price of more than $23.56 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. IMX Price Chart Sources: finance.yahoo.com, coinmarketcap.com, learn.bybit.com, technewsleader.com
OPEC+ Meeting: Saudi Arabia Implements Deeper Voluntary Cuts to Boost Oil Prices

Brent Crude Oil Prices In The Wake Of OPEC+ Surprise Agreement, Silver Futures Down, Corn Futures

Rebecca Duthie Rebecca Duthie 05.09.2022 17:48
Summary: G7 nations decide to cap Russian oil prices. Demand for silver is diminishing. Corn up throughout 2022. Brent Crude Oil Prices Following OPEC+'s surprise agreement on a modest oil production cut to sustain prices that have fallen due to concerns about a projected worldwide recession-driven decline in demand, Brent crude futures increased past the $96 per barrel threshold. In order to deal with macroeconomic headwinds and counter a potential production increase from Iran, the oil cartel will restrict output by 100,000 barrels per day beginning in October, or around 0.1% of world demand. The market action followed the G7 nations' decision to cap the price of Russian oil in order to limit Moscow's ability to finance its conflict in Ukraine. Brent Crude Oil Futures Price Chart Silver futures touched below $18 per ounce In September, silver futures dropped below $18 per ounce, reaching lows not seen in more than two years as the Federal Reserve's hawkish signals prompted investors to switch from metal to the US dollar. The dollar reached over 20-year highs as Fed Chair Jerome Powell highlighted the US central bank's aim of reducing inflation down to the 2% threshold and stated that borrowing costs will remain at a restrictive level for a protracted period even if it hampers GDP. Another factor adding to the flight from precious metals is that the European Central Bank is reportedly considering a larger 75 basis point rate hike to combat inflation at its policy meeting next week. The appeal of storing non-yielding bullion is diminished by increased interest rates, despite the fact that it is widely seen as a hedge against inflation and economic uncertainty. August is expected to end with silver down roughly 12%. Silver Dec ‘22 Future Price Chart Corn Futures up 10.43% Since the start of 2022, corn prices have climbed by 61.89 USd/BU, or 10.43%, according to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Noord Stream 1 Pipeline Will Resume On Saturday (EUR/USD, EUR/GBP), US Dollar Supported By US Labor Statistics (GBP/USD)

Noord Stream 1 Pipeline Will Resume On Saturday (EUR/USD, EUR/GBP), US Dollar Supported By US Labor Statistics (GBP/USD)

Rebecca Duthie Rebecca Duthie 02.09.2022 16:34
Summary: Euro supported by Noord Stream 1 pipeline resuming operations. US labor statistics. USD remains supported by US Labor statistics The market is reflecting mixed signals for this currency pair. This Friday, when it was revealed that the Nord Stream 1 pipeline, which had been shut down for "maintenance" reasons, will resume operations into Europe, although at 20% capacity, the euro found some support. German commerce data for the morning revealed symptoms of weariness as the area is plagued by rising energy prices. The eurozone's PPI data supported euro bids (raising hawkish pressure), but the Non-Farm Payroll (NFP) report from the United States, which was issued this afternoon, has the day's main focus. Estimates of 300k were surpassed, maintaining stability in the US dollar as a 75 basis point rate hike from the Fed seems inevitable. EUR/USD Price Chart Pound sterling struggling to recover The market is reflecting mixed signals for this currency pair.1.78% less is being paid for the pound per euro just this week. The Euro is one of the major currencies that Sterling is weakest versus, indicating that the selling pressure is distinctly UK-centric. Markets anticipate that the Bank of England will increase interest rates by another 50 basis points in September, reaching its peak of 4.30 percent by 2023. EUR/GBP Price Chart GBP predicted to reach record lows As an apparently unstoppable drop continues into the near future, the British pound is predicted to reach record lows versus the US dollar in 2023; yet, the UK currency appears to be more stable when compared to the Euro. According to updated forecasts and analysis published by independent research firm Capital Economics, the "cost of living crisis" will be the most serious for the pound sterling. The steady increase in the value of the U.S. dollar, which saw the Bloomberg Dollar index reach a record high on September 1st, has contributed significantly to the decrease. GBP/USD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Apecoin (APE) Makes Five Attempts at Breaking out From Descending Resistance Line | BeInCrypto

4 Cryptocurrencies To Keep A Watch On: Thor Coin (Thor), Deepmaze Finance (DPZ), Fantom (FTM), ApeCoin (APE)

Rebecca Duthie Rebecca Duthie 02.09.2022 14:55
Summary: A summary of Thor, DPZ, FTM, APE, Proof of work, proof of stake, proof-of-history DApps, NFTs. The Thor Coin (THOR) network A multichain DeFi mechanism called Thor (THOR) distributes rewards and refunds to token holders. By exposing token holders to various multichain DeFi protocols and giving them the chance to explore and discover yield-generating solutions, the project, which is a yield farming protocol, seeks to deliver awards and daily passive returns from blockchain nodes. Yield farming is the practice of lending cryptocurrencies to platforms in an effort to maximize profits. The platform also aims to make use of a state-of-the-art node-as-a-service facility that offers consumers the chance to own a blockchain node without fuss or risk in order to produce returns and passive income. The block of data on the protocol where transactional information is recorded is referred to as a "blockchain node." The project also seeks to concentrate on engaging with various DeFi projects, staking pools, NFTs, and a variety of other carefully selected initiatives. To profit from every market situation, keep an eye out for bull and bear market trends. The Deepmaze Finance network Built on Binance Smart Chain, DEEPMAZE:DPZ is an auto-liquidity DeFi token supported by crowded pools. It fixes the DeFi ecosystem's issue with the liquidity, value, and discretion trilemma. The smart contract for DEEPMAZE performs three essential tasks: The liquidity is locked into the liquidity pools via an automated liquidity provision process. The developers have no discretion due to the architecture of ownerless community tokens. By providing holders with free token flows, crowdsourcing pool offers a novel way to address the valuation conundrum. The concept of reflection-based passive staking served as the inspiration for DEEPMAZE. Although DEEPMAZE features an automatic liquidity mechanism (sell half and match), it also contains a crowded pool that is protected by contract, with users receiving payouts that are diminishing logarithmically. Users' transaction fees are thus reduced by half while maintaining the automatic liquidity and passive staking characteristics. The Fantom Network Using its unique consensus mechanism, Fantom is a directed acyclic graph (DAG) smart contract platform that offers developers decentralized financial (DeFi) services. Fantom, which claims to have decreased transaction times to under two seconds, intends to address issues with smart-contract platforms using its proprietary coin FTM. Fantom is a Layer-1 blockchain that makes use of an independent consensus layer called Lachesis as well as a consensus mechanism that was designed from scratch to enable DeFi and associated services based on smart contracts. Other layers, like as Opera, Fantom's EVM-compatible smart contract chain, are also secured using Lachesis. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.” One of Fantom's main advantages is its speedy transaction processing, which can handle thousands of transactions per second, settle them in one to two seconds, and only cost a few cents each transaction. Fantom offers greater scalability as a result, yet at a lesser price. An aBFT consensus engine called Lachesis employs the directed acyclic graph (DAG) algorithm. The network screens the participants, allowing only one third who are assigned due to incorrect or harmful behavior, without impairing network activities. Network data can be analyzed at various periods. The Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus technique used by Fantom ensures that the entire network operates efficiently while providing optimum security. The Apecoin Network APE Ecosystem uses ApeCoin, an ERC-20 governance and utility token, to enable and reward a decentralized community forming at the vanguard of web3. Owners of ApeCoin make decisions about how to use the ApeCoin DAO Ecosystem Fund using the decentralized governance structure that runs the ApeCoin DAO. The suggestions adopted by ApeCoin holders are managed by the APE Foundation. ApeCoin is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism. The governance token for the APE Ecosystem is called ApeCoin. It enables token holders to take part in the ApeCoin DAO and provides its users with a decentralized, open, and shared money. Yuga Labs, the company behind the Bored Ape Yacht Club, donated a one-of-a-kind NFT to the APE Foundation. All rights and privileges to this NFT and the underlying artwork have been transferred by Yuga Labs to the APE Foundation. How this intellectual property is used is up to the individual ApeCoin DAO members. Sources: fxmag.com
Eyes On Iran Nuclear Deal: Oil Case. Gold Price Is Swinging

WTI Crude Oil On Track For Worst Weekly Decline In 4 Weeks, Silver Touching 2-year Lows, Coffee Futures

Rebecca Duthie Rebecca Duthie 02.09.2022 14:38
Summary: WTI oil is 30% down from its high. A hawkish fed causing investors to shy away from silver. Weather conditions causing concerns around coffee supplies. WTI Crude Oil weighed down by recessionary fears After falling more than 3% the previous day, oil prices increased by about 3% to over $89 per barrel on Friday amid expectations that OPEC+ will discuss output curbs at a meeting on Monday. However, due to worries about the recession and the effects of additional COVID lockdowns in China, WTI oil is on pace for its worst weekly decline in four weeks and is down more than 30% from its high. Investors are eagerly following the status of talks to revive the 2015 nuclear agreement on the supply side because a prospective agreement might unleash substantial flows from Iran. WTI Crude Futures Price Chart Silver futures reaching lows not seen in 2 years In September, silver futures dropped below $18 per ounce, reaching lows not seen in more than two years as the Federal Reserve's hawkish signals prompted investors to switch from metal to the US dollar. The dollar reached over 20-year highs as Fed Chair Jerome Powell highlighted the US central bank's aim of reducing inflation down to the 2% threshold and stated that borrowing costs will remain at a restrictive level for a protracted period even if it hampers GDP. Another factor adding to the flight from precious metals is that the European Central Bank is reportedly considering a larger 75 basis point rate hike to combat inflation at its policy meeting next week. The appeal of storing non-yielding bullion is diminished by increased interest rates, despite the fact that it is widely seen as a hedge against inflation and economic uncertainty. August is expected to end with silver down roughly 12%. Silver Dec ‘22 Futures Price Chart Concerns around Coffee supplies driving prices As the attention remained on weather in top producer Brazil, Arabica coffee futures on ICE were trading down marginally from an almost six-month high that was called on August 25th. Concerns that there might not be enough moisture to sustain the development of coffee buds and cherries after some early flowering were allayed by the forecast for rain in Brazilian coffee regions over the following ten days. However, Maxar Technologies reported last week that the effects of La Nina are likely to persist through the end of the year. This suggests that Brazil will receive less rain through the end of the year, which could exacerbate the country's current drought and put additional strain on its coffee crops. After reaching a 23-year low of 571,580 bags on August 15, the most recent data showed that ICE-certified arabica stockpiles on August 29th remained at 663,874 bags, an increase of eight consecutive days. Coffee Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Inclusion of Government Bonds in Global Indices to Provide Further Support for India's Stable Currency Amid Economic Growth

US Labor Market Data Due On Friday Was Hotly Anticipated - Unemployment Hit 3.7%, NFP Grew To 315K

Rebecca Duthie Rebecca Duthie 02.09.2022 14:36
Summary: US Labor statistics beat market expectations in some cases and missed them in others. US unemployment rate increased to 3.7%. US Labor Market data After a surge of statistics that indicate a strong consumer and high labor demand, the eagerly awaited US jobs report could tip the scales toward a third jumbo-sized boost in interest rates later this month. One of the last significant reports that Fed policymakers will have access to before the mid-September policy meeting will help them solve a challenging economic and inflationary riddle. According to projections, August payroll growth will be solid but moderate at 298,000, and the unemployment rate will remain unchanged at 3.5%, matching the lowest level in fifty years. In addition, strong pay growth is anticipated despite the ongoing labor market imbalance between supply and demand. These numbers, along with a wildly positive employment report for July, rising consumer sentiment measurements, and an unexpected increase in job vacancies, may be enough to persuade the Fed to extend the highest interest-rate increases in a generation in order to rein in inflation. According to all of those statistics, Anna Wong, chief US economist at Bloomberg Economics, said that this report "becomes very important." The pattern that other indicators have been showing—that the economy is quite resilient—might be a "stamp of confirmation" by all this. The Labor Department's average hourly earnings statistics and any signal of significantly slower employment growth in Friday's report, when combined with a larger slowdown in those figures, might alter expectations in favor of a half-point rate hike. However, before deciding on the best course of action, Fed officials will need to observe the results of the consumer price index later this month. The wage measurements will be a significant part of the jobs report. According to economists, the data will indicate a 5.3% increase from August 2021 and a 0.4% increase from one month prior in average hourly wages. In comparison to the preceding two months, the yearly growth would indicate a little acceleration. Although it is not usually the case, Claudia Sahm, founder of Stay-At-Home Macro (SAHM) Consulting and a former Fed economist, said a slowdown in wage growth could provide Fed officials some comfort by pointing to an easing of inflationary pressures. Actual US Labor Statistics - unemployment rose to 3.7% The actual labor data exceeded expectations in some cases, with the unemployment rate coming in at 3.7%, exceeding the market expectation of 3.5%. Whereas the average hourly earnings statistic came in at 5.2%, missing the market's expectation of 5.3%. US payroll growth exceeded expectations in both Nonfarm payroll coming in at 315K and Private nonfarm payroll at 308K, both of which were expected to be 300K. Average hourly earnings slightly missed expectations of 0.4% and came in at 0.3%. Sources: bloomberg.com, investing.com
BOC Rate Hike Odds Rise to 28.8% as Canada's Economy Shows Resilience

US Government Imposes Additional Licensing Requirements On Several Of Nvidia (NVDA) Sophisticated Products

Rebecca Duthie Rebecca Duthie 01.09.2022 18:12
Summary: Nvidia stock price falling. Thursday's premarket trade saw a more than 5% decline in Nvidia stock. Nvidia (NVDA) SEC filing In a filing with the Securities and Exchange commission on Wednesday, chip giant Nvidia (NVDA) informed investors that the U.S. government has imposed additional licensing requirements on several of its sophisticated products. Unless Nvidia obtains a license to sell quickly, this will have an impact on sales to Russia and China. Part of the submission stated that according to the government, "the new licensing requirement will address the possibility that the covered products may be utilized in, or diverted to, a 'military end use' or 'military end user' in China and Russia." Although Nvidia noted that it doesn't conduct business with Russia, $400 million in third-quarter sales to China may be at risk. Currently, $5.9 billion in third-quarter sales are anticipated for the corporation by Wall Street. In a new SEC filing on Thursday, Nvidia stated that the government had approved some chip development as well as chip sales through Hong Kong till September 2023. Investors will continue to have reservations about Chinese chip sales for the overall sector in the upcoming months. Thursday's premarket trade saw a more than 5% decline in Nvidia stock. Since the recent SEC filing, shares have somewhat recovered their losses. The price of Tesla (TSLA) stock fell 1% in premarket trades as well. Nvidia hardware was used by some older Tesla models, although Tesla seems to have stopped using Nvidia as a chip hardware supplier recently. After being contacted for comment regarding any Nvidia goods used, Tesla didn't react right away. NVDA Price Chart Sources: finance.yahoo.com, barrons.com
GBP Inflation Surprise: Pound Faces Downward Pressure as Rate Hike Expectations Shift

US Dollar Driven By Hawkish Fed (EUR/USD), Pound Sterling Struggled Throughout August (EUR/GBP, GBP/AUD)

Rebecca Duthie Rebecca Duthie 01.09.2022 17:56
Summary: The USD strengthened by a hawkish Fed. GBP struggled in August. Euro value declined against USD on Thursday The market is reflecting mixed signals for this currency pair. Thursday sees a decline in the value of the Euro as markets are swept by a steadfast US Dollar following additional hawkish remarks from Fed speakers. Despite the market leaning toward a 75 basis-point increase at the European Central Bank (ECB) meeting next week as a result of yesterday's higher than expected CPI, the EUR/USD was unable to gain traction. The US dollar's ascent is unabated, and it appears that it will soon reach highs last seen in 2002 as the preferred safety play. This week, a new wave of risk-off trading sent USD pairings higher and equity markets lower across a number of markets. US Treasury yields have reached multi-year highs as US interest rate expectations continue to rise. EUR/USD Price Chart EUR/GBP touching June lows The market is reflecting bullish signals for this currency pair. One analyst said there is little reason to expect an improvement over the upcoming weeks or months as the value of the pound relative to the euro has dropped substantially over the past few days and is currently at levels last seen in June. The Pound suffered in August, with analysts attributing its poor performance to worries that the UK's debt load will rise as the next administration tries to mitigate the effects of the cost of living problem. This occurs as the Bank of England raises interest rates, driving up the yield paid on gilts, the name for UK government debt. The Bank of England gave historically low interest rates during the Covid crisis and actively purchased government debt as part of its quantitative easing program. As a result, the government was able to increase borrowing without any problems. However, the Bank will now actively sell government debt and may raise rates by an additional 50 basis points in September, significantly restricting the government's ability to borrow money as the nation grapples with yet another crisis. EUR/GBP Price Chart GBP/AUD Despite a great August making the Australian Dollar one of the better performing currencies of 2022, experts at investment bank Goldman Sachs said they remain concerned on the currency on a "tactical basis." The announcement that one of China's major cities has been placed on lockdown as the government of the nation pursues a "zero covid" strategy to combat the coronavirus raises doubts about the near-term prospects for Australia's top export market. GBP/AUD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
4 Cryptocurrencies To Keep A Watch On: Elrond (EGLD), Geojam (JAM), Alpine F1 Team Fan Token (ALPINE), QTUM Token (QTUM)

Altcoins: QTUM Token (QTUM) - What Is It? - A Deeper Look Into the QTUM (QTUM) Platform

Rebecca Duthie Rebecca Duthie 01.09.2022 16:05
Summary: What is The Qtum Platform and how does it work? Advantages of the Qtum exchange. Qtum’s present and future price positions. The QTUM Platform Qtum (pronounced "quantum") is an open-source blockchain platform for proof-of-stake (PoS) smart contracts and a value transfer mechanism. It aspires to combine the advantages of Bitcoin and Ethereum into a single chain. With the addition of smart contract execution and DApps, Qtum is based on Bitcoin's UTXO transaction architecture. DeFi applications are now supported by the platform. On the Qtum blockchain, more than 20 tokens have been generated as of March 2021. The project had its ICO in March 2017, a year after it had been announced, and it raised $15 million USD for its founders. On September 13, 2017, the Qtum main chain was made available. When the mainnet was launched, the Qtum coin was transformed from its initial ETH-20 token form to a native blockchain. The current market capitalisation for Qtum is $325,099,170. There is a maximum supply of 107,822,406 - 97% of which are currently in circulation. Qtum is a general-purpose blockchain that aims to address the four issues that its founders found most problematic with the BTC and ETH blockchain platforms: governance, interoperability, rigidity and cost of the proof-of-work mechanism, and difficulty connecting smart contracts with practical applications. Account Abstraction Layer (AAL) and Decentralized Governance Protocol are two distinctive technologies on the Qtum blockchain that seek to address this issue (DGP). The UTXO (Unspent Transaction Output) account layer, which comes from Bitcoin, is combined with the Ethereum-inspired smart contract layer in the Account Abstraction Layer. Users can create programs and host them on virtual machines like the x86 virtual machine and the Ethereum Virtual Machine (EVM). Additionally, it supports the i686 instruction set and a number of programming languages, including C, C++, Rust, and Python, making it simple to adapt already existing apps and compile for Qtum. In addition to enabling Turing-complete smart contracts, Qtum intends to incorporate standard programming libraries as smart contracts. As the network develops, the Decentralized Governance Protocol enables smart contracts to alter fundamental network characteristics like block size and gas prices without ever having to hard fork the blockchain. This may save a ton of hassle. Through voting, the entire ecosystem of miners (stakers), developers, and QTUM owners participate in the governance of the blockchain, enabling self-management, upgrades, and iteration. Advantages of the Qtum Platform Proof-of-stake 3.0, If you wish to receive your stake reward using PoS 3.0, you must have your node online at all times. In comparison to those who have a lot of coins but keep their node offline, those who maintain their node while having less coins will receive stake rewards. An improvement on Ethereum's PoS implementation is Qtum's PoS. Bitcoin and Ethereum have the two most prosperous blockchains in the cryptocurrency world. By combining characteristics from both of these well-proven and widely acknowledged blockchains, Qtum unites them. More Secure and Scalable UTXO Model, In the UTXO approach, each transaction's history can be transparently tracked back through the public ledger. The UTXO model's capacity to initialize transactions across many addresses in parallel processing demonstrates its extensibility. The UTXO concept also provides anonymity because it allows users to use Change Address as a UTXO output. The UTXO model's novel design serves as the foundation for Qtum's implementation of smart contracts. Present and future prices of The Qtum network (QTUM) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, QTUM does fall under this category. According to some analysts, the future price of The Qtum network (QTUM) could reach up to $16.14 by 2025 and could see a price of more than $116.13 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. QTUM Price Chart Sources: finance.yahoo.com, coinmarketcap.com, medium.com, technewsleader.com
Australia Is Expected To Produce A Bumper Year Of Crops

Platinum Prices Drop To November 2020 Lows, US Gasoline Prices Falling, Wheat Prices Elevated

Rebecca Duthie Rebecca Duthie 01.09.2022 15:41
Summary: Elevated interest rates continue to drive platinum prices down. Supply concerns around wheat drive prices. US Gasoline prices fall to pre-Russia’s invasion of Ukraine levels. Platinum touching lowest levels since November 2020 As global interest rates are expected to continue rising and should remain high for a prolonged period of time, even if it slows growth, platinum futures extended losses to below $850 per ounce, closing in on their lowest level since November of 2020. They have also been tracking other precious metals lower. The fed funds rate has already increased by 225 basis points since March at the Federal Reserve, the most potent central bank in the world. Fed policymakers are now advocating for rises to continue at least until the level of 4% in early 2019. Additionally, despite expectations that they would subside in the second part of the year, ongoing shortages and supply chain problems hurt the auto industry and lower demand for autocatalyst components. Platinum Oct ‘22 Futures Price Chart Wheat futures remain elevated Chicago wheat futures saw a strong increase at the end of August after hitting a nine-month low in the middle of the month due to supply issues and increasing demand. According to government figures, Ukraine will harvest close to 20 million tonnes of wheat this year, down from 32.2 million the year prior as a result of weaker yields and the loss of farmed area to Russian forces during their invasion. Additionally, the nation intends to free up storage space for the upcoming harvest by selling the roughly 20 million tonnes of grain that are said to have collected in port silos since its invasion began on February 24. Meanwhile, US heatwaves cut corn harvests, further straining wheat supplies. Wheat Futures Price Chart RBOB Gasoline On Wednesday, wholesale gasoline prices in the United States plummeted to their lowest levels since before Russia invaded Ukraine, indicating that motorists in the world's largest energy consumer will soon witness cheaper pump prices. Markets for crude oil futures and gasoline have been kept in check by worries about a worldwide recession and a record level of emergency oil sales from national stockpiles. RBOB Gasoline Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Bed, Bath and Beyond (BBBY) Shares Tank On Wednesday After SEC Filing & Press Release

Bed, Bath and Beyond (BBBY) Shares Tank On Wednesday After SEC Filing & Press Release

Rebecca Duthie Rebecca Duthie 31.08.2022 17:07
Summary: BBBY share price tanks. The company is due to make many cuts. BBBY The price of Bed Bath & Beyond (BBBY) shares is soaring early on Wednesday as investors learn more details about the situation the struggling store is in. In an effort to stop the bleeding from a drop in sales, the retailer announced plans to liquidate 150 shops, issue more shares, and lay off 20% of its workforce on Wednesday morning in an SEC filing and a press release before a presentation to investors. As of 9:38 AM ET, shares of the company were down more than 24% in early trade. Bed Bath & Beyond said in a release that it had pledges for an additional $500 million in funding, raising its existing liquidity to almost $1 billion as the firm fights for survival. Additionally, the company submitted an SEC filing for the sale of up to 12 million additional shares of common stock. Bed Bath & Beyond has stated that it will lean out the business and remove 20% of its corporate and supply chain workers in order to reduce expenses by $250 million in its fiscal year 2022. The business recently announced its intention to shut down 150 underperforming locations, adding that it "continues to examine its portfolio and leases, as well as employees, to ensure alignment with client demand and go-forward strategy." Bed Bath & Beyond anticipates comparable sales will drop 26% from the prior year in the current quarter and 20% from the prior year in its fiscal 2022, with improvements in the decline throughout the second half of the year. Currently, Bed Bath & Beyond is in the second quarter of its fiscal year. The company's presentation on Wednesday comes in the wake of recent rumors that Bed Bath & Beyond had recruited Kirkland & Ellis, a firm best known for its bankruptcy and restructuring work, to assist in managing its debt load. According to Bloomberg, some suppliers stopped shipping when the business fell behind on payments. Despite Wednesday's early morning drop, shares of Bed Bath & Beyond are still on track to increase by more than 80% so far this month, despite the fact that the company is currently down more than 70% from recent highs. BBBY Price Chart Sources: finance.yahoo.com
ECB press conference brings more fog than clarity

A Hawkish ECB Is Supporting The Euro (EUR/USD, EUR/GBP), Poor Investor Sentiment Toward The UK (GBP/USD)

Rebecca Duthie Rebecca Duthie 31.08.2022 16:48
Summary: ECB turns hawkish in the wake of high eurozone inflation. Pound sterling appears poised to test new lows against the euro, the dollar, and other major currencies. Euro supported by hawkish ECB The market is reflecting mixed signals for this currency pair. August saw a new high for inflation in the eurozone, and future months are predicted to see an increase. According to data from Eurostat, the increase in inflation in August was caused by a faster increase in the cost of food, alcohol, and cigarettes, which increased by 10.6% on a yearly basis compared to a 9.8% increase in July. Given the continuing rise in natural gas costs, it is anticipated that inflation in the Eurozone would rise further in the upcoming months, possibly reaching double digits. The reversal of several German subsidies and skyrocketing energy prices even before the start of the heating season indicate that inflation will continue to rise and surpass 10% before peaking around the turn of the year. Since US Federal Reserve Chair Jerome Powell's aggressive address at the Jackson Hole Symposium last Friday, there has been a noticeable change in tone among many European Central Bank (ECB) Members. The figures released today will undoubtedly strengthen arguments in favor of raising jumbo interest rates at the European Central Bank meeting next week. The central bank meeting next week is crucial since markets are heavily pricing in hawkishness; now, 70 bps are put in for September and 160 bps by year's end. EUR/USD Price Chart GBP is quickly becoming the worst performing currency of 2022 The market is reflecting bullish signals for this currency pair. Despite the fact that the money markets have upped their interest rate bets for the September meeting by about 4 basis points since Monday, the Bank of England (BoE) still confronts a difficult struggle as Q4 recession fears build. Since I don't see the BoE acting aggressively over the winter, front-loading now might be essential, thus a 75bps hike is still an option. The hawkish attitude from the ECB offers the Euro support. EUR/GBP Price Chart GBP testing new lows against USD and Euro The market is reflecting bearish signals for this currency pair. In light of the negative investor sentiment toward the UK and the ongoing weakness in the global equity markets, the pound sterling appears poised to test new lows against the euro, the dollar, and other major currencies. The Pound has already lost 1.33% of its value against the Euro this week, and if these declines continue, it will experience its biggest weekly decline against the euro since May. The UK pound is still losing ground versus the US dollar, having dropped another 0.83% since the week's beginning. The current loss for 2022 is 14%. As August draws to a close, it is clear that the British pound had the worst month of any major currency, losing value relative to all of its G10 competitors. Further losses are likely since the drop of the pound indicates a pervasive and unshakeable unfavorable attitude among investors worldwide. The UK currency is on track to become the worst performing major currency of 2022 within a matter of weeks given its present performance and tendencies. GBP/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
What Is BitTorrent (BTTC)? Speed, File System, Rewards. How Does BitTorrent Work?

Altcoins: Alpine F1 Team Fan Token (ALPINE) - What Is It? - A Deeper Look Into the Alpine F1 Team Fan Token (ALPINE) Platform

Rebecca Duthie Rebecca Duthie 31.08.2022 15:23
Summary: What is The ALPINE Platform and how does it work? ALPINE’s past, present and future price positions. The Alpine Exchange The biggest and most well-known cryptocurrency exchange in the world, Binance, has created the first Formula One-themed fan token called Alpine F1 Team Fan Token (ALPINE). The ALPINE token will enable supporters of the Alpine F1 Team an opportunity to interact with the racing brand after Binance published its first fan token in LAZIO. The coin, according to Binance, would "revolutionize the fan experience" by enabling fans to: Take part in polls for team voting, Hunt for digital treasures, and buy NFTs, Take use of gamification aspects connected to fan rewards or wonderful experiences. The current market capitalisation for ALPINE is $47,427,912. There is a maximum supply of 40 million ALPINE tokens, 11,36 million of these are currently in circulation. Fan tokens were first made popular by Socios, and then Binance took over the introduction of fresh tokens like PORTO. Beginning with the upcoming season, the new Alpine A522 vehicles will sport the Binance logo. Executives at Alpine were extremely happy with the transaction. According to F1 team CEO Laurent Rossi, "partnering with Binance ignites our passion to revolutionize the racing environment and opens avenues for more innovative fan involvement." The CEO of Binance Fiat Exchange, Helen Hai, expressed her enthusiasm for the agreement, saying that "we [Binance] hope to offer equally interesting experiences to the blockchain and generate even more usefulness for ALPINE holders, to broaden the spectrum of activities fans can currently undertake on our platform. We are just approaching 'turn one' of 'lap one' on the token race track; and possibilities are truly endless." The ALPINE cryptocurrency has a number of present and potential uses, according to Binance. Owners of ALPINE tokens will have access to voting sessions on Binance as soon as the token launches. Other fan tokens like LAZIO and PORTO allowed fans to vote on subjects like selecting the starting eleven for a test game and influencing what color the captain's band should be, although Alpine hasn't yet provided any ideas regarding how this could appear in practice. Additionally, at the so-called "NFT PowerStation," owners of ALPINE will be able to stake their NFTs for awards and other digital collectibles. Gift cards and subscriptions to loyalty programs are also included. In addition, they will have access to extra perks like meeting the drivers in person and having meet-and-greets on the Binance Fan Token Platform, where they can directly communicate with the F1 team. Owners of tokens will eventually be able to provide money directly to the team and get a loyalty badge in return. To further engage token holders, the site will also offer more gamification aspects. For instance, supporters will be able to use their fan token to pay for team membership and purchase merchandise from the team's online store. Present and future prices of The Alpine F1 Team Fan Token (ALPINE) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, ALPINE does fall under this category. According to some analysts, the future price of The Alpine F1 Team Fan Token (ALPINE) could reach up to $14.64 by 2025 and could see a price of more than $95.72 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ALPINE Price Chart Sources: finance.yahoo.com, coinmarketcap.com, technewsleader.com    
Coffee Is In Danger As Its Suppliers Have Troubles With Crops

WTI Crude Oil Prices Are Falling, Coffee Futures Trading Near 6-month Highs, Palladium Futures

Rebecca Duthie Rebecca Duthie 31.08.2022 14:48
Summary: Concerns around demand for crude oil is driving the prices down. Coffee futures trading higher amidst concerns around crop production. WTI Crude Oil prices on track to lose more than 8% in August WTI crude futures resumed their downward trend on Wednesday, falling to about $89 per barrel, continuing the loss from the previous session and putting them on track to lose over 8% of their value in August as concerns about tight monetary policy and Covid limits in China push energy demand downward. Since aggressive measures are required to stabilize consumer prices after the eurozone's inflation rate extended its record-high in August, ECB officials stated a 75 bps rate increase is being considered for their upcoming meeting. The Fed is also anticipated to maintain high borrowing costs for an extended period of time, even if doing so slows growth. New Covid outbreaks, which forced millions of people into stringent lockdowns in the key Chinese cities of Shenzhen, Guangzhou, and Dalian, added to concerns about sluggish economic activity in the world's largest oil importer after August PMI data showed contraction for the second consecutive month. Conflicts in Iraq kept markets on edge in terms of supply, but the country's oil production was mainly unaffected. WTI Crude Oil Futures Price Chart Palladium prices have risen overall in 2022 Since the start of 2022, palladium prices have climbed by 187.18 USD/t oz., or 9.89%, according to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity. Palladium Dec ‘22 Futures Price Chart Coffee Futures As the attention remained on the weather in top producer Brazil, Arabica coffee futures on ICE were trading down marginally from an almost six-month high that was achieved on August 25. Concerns that there might not be enough moisture to sustain the development of coffee buds and cherries after some early flowering were allayed by the forecast for rain in Brazilian coffee regions over the following ten days. However, Maxar Technologies reported last week that the effects of La Nina are likely to persist through the end of the year. This suggests that Brazil will receive less rain through the end of the year, which could exacerbate the country's current drought and put additional strain on its coffee crops. After reaching a 23-year low of 571,580 bags on August 15, the most recent data showed that ICE-certified arabica stockpiles on August 29th remained at 663,874 bags, an increase of eight consecutive days. Coffee Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Binance Academy summarise year 2022 featuring The Merge, FTX and more

Altcoins: Geojam Token (JAM) - What Is It? - A Deeper Look Into the Geojam (JAM) Platform

Rebecca Duthie Rebecca Duthie 30.08.2022 16:39
Summary: What is The Geojam Platform and how does it work? Advantages of the Geojam exchange. Geojam’s past, present and future price positions. The GeoJam Platform Fans can now interact directly with celebrities, athletes, and influencers like Mariah Carey, Machine Gun Kelly, and Nyjah Huston thanks to Geojam. With the launch of the cryptocurrency, $JAM, the platform integrates the principles of independent cryptocurrency communities and traditional social networking while fusing the technological developments of decentralised finance with real-world experiences. Fans that participate in the communities and activities they love can earn the $JAM token, which can then be exchanged for access to those same communities and creators as well as goods, experiences, and Non-Fungible Tokens (NFTs). By rewarding creators for their social influence in exchange for giving their followers chances and experiences, $JAM will revive the true worth of the creator economy. There are now two ways on the platform to redeem experiences and extra offerings: jam shop transactions and campaign competitions. Two new pool types, Creator Access Pools and Proposal Pools, will soon be introduced on Geojam (CAPs). Let's discuss staking pools in more detail. Decentralised networks' nodes are motivated to contribute extra services (bandwidth, processing power, etc.) to the network in return for a share of block rewards and fees. Numerous decentralised networks need cryptocurrency as initial collateral before nodes can join the network. On Geojam, pools function similarly, requiring participants to stake $JAM in return for rewards and access to an endless array of games, experiences, and unique items in the Jam Shop. The following is a breakdown of their products: Pools of proposals Geojam and user-generated initiatives are requests for features or creator opportunities, and proposals are a type of platform governance where users must stake $JAM to participate. In the end, many of these ideas will become experiences in Creator Access Pools (CAP). Pools called Creator Access Pools (CAP) are those that a creator hosts. The designer develops special prospects that will entice users to bet $JAM from crowds. To gain direct access to a creator's experiences, tickets, goods, NFTs, material, etc., a user can wager $JAM on the creator's CAP. Participation in the activity rewards both the creator and the user. By rewarding creators for their social influence in exchange for giving their followers chances and experiences, $JAM will revive the true worth of the creator economy. An ERC-20 $JAM coin that was released in Q4 of 2021 will represent the first stage of the token cycle. Basic staking features are available for this token. In phase two, we will switch over to the L0 token. L0 tokens will be exchangeable for ERC-20 $JAM tokens. The current market capitalisation for this crypto is $3,070,389. There is a maximum supply of 8 billion JAM tokens, 9% of these are currently in circulation. Advantages of the Geojam Token Platform Decentralised finance, they integrate the values of independent cryptocurrency communities and traditional social networking while fusing the technological advances of decentralised finance with real-world experiences. Exclusive offerings, Fans can earn $JAM by taking part in communities on the Geojam app. The same communities can be supported with $JAM, which can also be exchanged for goods, services, and Non-Fungible Tokens (NFTs). Community governance, by encouraging creator contributions to provide the best user experience and bringing new features and ideas to life in a motivating and engaging way, $JAM enables the community to participate and assist in the development of the platform. Proposal pools, To bring their craziest ideas and desires to life, fans and creators can submit, vote, and stake. Through proposal pools, our community establishes direct contact with creators while demonstrating financial support with staked $JAM. Creator access pools (CAP), The designer comes up with special chances that entice people to stake $JAM. To gain direct access to a creator, their experiences, tickets, products, NFTs, content, and more, a user can wager $JAM on the creator's CAP. Participation in the activity rewards both the creator and the user. NFTs and the Metaverse, NFTs created on $JAM are linked to the creator's profile, and they can be exhibited and used in our metaverse, giving them a social nature that increases their worth. Present and future prices of The Geojam Token network (JAM) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, JAM does fall under this category. According to some analysts, the future price of The Geojam Token network (JAM) could reach up to $0.02 by 2025 and could see a price of more than $0.13 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. JAM Price Chart Sources: finance.yahoo.com, coinmarketcap.com, geojam.com, swapspace.co
FX Daily: Eurozone Inflation Impact on ECB Expectations and USD

German Inflation Came In At 8.8%, Hitting Levels Not Seen In 50 Years

Rebecca Duthie Rebecca Duthie 30.08.2022 15:26
Summary: The rise in prices was led by those of food and energy. ECB interest rate decision. German inflation soars in the wake of rising energy prices Energy prices drove up inflation in August, pushing it to its highest level in over 50 years and surpassing a previous high set only three months earlier, statistics revealed on Tuesday. The acceleration of German inflation to a record level due to rising energy costs is supporting expectations for a sizable interest rate increase at the ECB meeting next week. Following an unexpected 8.5% increase in July, consumer prices, which are harmonised to be comparable with inflation data from other European Union countries (HICP), rose by 8.8% annually, according to the federal statistics agency. According to Germany's statistics office, the rise in prices was led by those of food and energy, however their effect was largely mitigated by temporary government aid, such as a fuel refund and incredibly inexpensive public transportation. According to the same statistics office, food costs rose 16.6% year over year in August compared to the same month the previous year, while energy prices rose 35.6% higher. The increase in August includes anti-inflationary measures like lower fuel taxes and cheaper public transportation tickets. These restrictions are about to expire, which suggests that price increase may pick up speed. Data on inflation in the eurozone are coming on Wednesday, and another record surge of 9% is anticipated. According to the Bundesbank, Germany's inflation percentage will reach around 10% in the fourth quarter of 2022, and the prognosis is very uncertain because of the "unclear situation" on the commodity markets, which is a result of Russia's conflict in Ukraine. The ECB is faced with not just the difficulty of extraordinary inflation but also the ensuing cost-of-living pressure that some analysts claim has already caused a recession in the 19-nation bloc. That is the biggest concern for the continent as a whole. While a half-point rate increase by the ECB is anticipated on September 8, some have suggested a larger 75 basis-point increase, similar to the more aggressive actions the Federal Reserve has recently taken. Positive news emerged on Tuesday as energy prices in Europe decreased as a result of the European Commission's plans to act quickly. Despite the risky nature of trading, nations in the region have been successful in filling natural gas storage facilities in time for the winter heating season. Sources: reuters.com, bloomberg.com
Saxo Bank Podcast: Natural Gas On Colder Weather, Wheat And Coffee Under Pressure, JPY Weaker And More

NGAS Prices Touching Near 14-year Highs, Cotton Futures Trading Near Two-month Highs, Gold Futures Fall To Near One-month Lows

Rebecca Duthie Rebecca Duthie 30.08.2022 14:58
Summary: Heatwaves in the U.S and a pause in Gas flowing through the Noord Stream 1 pipeline. Gold’s appeal falling. Global cotton supplies look bleak. NGAS prices close to 14 year highs Following the expiration of the front-month September contract on Monday, US natural gas futures declined. Nevertheless, despite predictions for hotter weather and more cooling demand, prices are still very close to a more than 14-year high reached last week. As energy generators increase production to fulfill the demand for more cooling due to a string of heatwaves this summer across the US, demand from gas-fired power plants has reached all-time highs. The bullish outlook was further boosted by prospects of greater demand for US LNG supplies amid mounting worries about shortages in Europe. Russia's Gazprom announced that beginning on Wednesday, flows via the Nord Stream 1 pipeline to Europe would be stopped for three days. As a result of retracting earlier claims of an October restart and halting further upward momentum, Freeport LNG said that it will postpone the restart of its Quintana export project until November. NGAS Oct ‘22 Futures Price Chart A strong dollar is driving the demand for gold down Tuesday saw gold prices linger around $1,740 per ounce, near to the one-month low they reached the previous session, and under pressure from a strong dollar amid expectations that US interest rates will continue to rise. Federal Reserve Chair Jerome Powell emphasized the need to raise and hold rates at a restrictive level until inflation falls significantly in his speech at the Jackson Hole symposium. He added that doing otherwise may harm growth and weaken the employment market. Policymakers of the European Central Bank argued for a more forceful response to rising inflation over the weekend, and they are allegedly talking about increasing interest rates by 75 basis points in September. Higher interest rates increase the opportunity cost of storing non-yielding bullion, which reduces the appeal of gold, despite the fact that it is commonly seen as a hedge against inflation and economic uncertainty. Gold Dec ‘22 Futures Price Chart Cotton prices trading near two-month highs The price of cotton futures was trading close to a nearly two-month high reached on August 16 as traders weighed the likelihood of reduced global supplies against a slowing in demand. The most recent USDA data stated that due to drought, particularly in Texas, which generally accounts for more than half of the US plantings, US production for 2022–2023 is predicted to drop to 12.6 million bales, which would be the lowest level since 2009–2010. The USDA also decreased its forecasts for global cotton consumption and production by 800,000 bales and 3.1 million bales, respectively. Heavy rains and bugs have severely damaged the cotton fields in India, another top producer, to the point where the government is now importing cotton. Cotton Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Apple May Surprise Investors. Analysts Advise Caution

Apple (APPL) Amongst The Stocks Falling In The Wake Of Fed Comments On Friday

Rebecca Duthie Rebecca Duthie 29.08.2022 19:00
Summary: Apple down on pre-market trading on Monday.   APPL Stock Price The U.S. Fed Chair Jerome Powell's comments on Friday that the economy was likely to experience "some pain" as the central bank continues to raise interest rates to combat high inflation have caused investors to draw back.    Along with other significant Big Tech stocks, Apple stock declined in premarket trading on Monday due to a broader selloff. On September 7, it is anticipated that Apple would hold a live event to introduce the iPhone 14 and Apple Watch Series 8.   Apple Price Chart Sources: finance.yahoo.com
Altcoins: Elrond (EGLD) - What Is It? - A Deeper Look Into the Elrond (EGLD) Platform

Altcoins: Elrond (EGLD) - What Is It? - A Deeper Look Into the Elrond (EGLD) Platform

Rebecca Duthie Rebecca Duthie 29.08.2022 18:48
Summary: What is The Elrond Platform and how does it work? Advantages of the Elrond exchange. Elrond’s past, present and future price positions. The Elrond (EGLD) platform Elrond is a blockchain protocol that uses sharding to provide incredibly quick transaction rates. According to the initiative, the Internet of Things, decentralized finance, and fintech make up the new internet's technology ecosystem. According to reports, its infrastructure for executing smart contracts can handle 15,000 transactions per second with a six-second latency and a $0.001 transaction fee. The native coin of the blockchain is called eGold, or EGLD, and it is employed for network fee payment, stake payments, and validator rewards. Elrond was first announced in August 2019, and its mainnet went live in July 2020. Decentralized applications can be created on the Elrond blockchain for a wide range of use cases and sectors with the use of smart contracts. Own tokens that adhere to the ESDT standard are equally safe, quick, and scalable to Elrond's native EGLD token. Elrond bills itself as a blockchain platform for enterprise use, decentralized apps, and the emerging internet economy. Its tremendous scalability is its key selling feature, and it claims to be the first blockchain network to handle state, network, and transaction sharding. It aims to strengthen its ecosystem and establish EGLD as a store-of-value asset, according to its economics paper.  The current market capitalisation for Elrond is $1,173,471,388. There is a maximum supply of 31,415,926 EGLD tokens, 23,066,288.61 of those are currently in circulation.   The network uses 2,169 validator nodes divided into four shards—three execution shards, each able to process 5,400 transactions per second, and one coordinating shard known as the "Metachain"—to accomplish this goal. State, transactions, and the network are wholly sharded using Elrond's adaptive state sharding architecture. In order to scale, it can add another shard if the throughput requirement is not satisfied. With 1,500 nodes from 29 different countries arranged in 50 shards, it was tested to operate at 263,000 TPS in a public setting. The project encourages platform builders and gives them the opportunity to get 30% of the smart contract fees as royalties in order to increase adoption. During the network's first year,  the business keeps a supply of EGLD tokens available to stake, with validator nodes earning a 36% annual percentage rate. Advantages of the Elrond Platform Lightning-fast transactions and optimal scalability, Elrond, one of the most powerful blockchains, overcomes the issues of scaling and speed by processing transactions simultaneously (Adaptive State Sharding). Extremely safe, The blockchain's hardware infrastructure, which consists of millions of computers called "nodes," stores the data during transactions in encrypted form. All nodes are updated whenever a new data record is created, ensuring that each node always has access to the most recent data. Data security is ensured by cryptographic procedures. Elrond uses the Secure Proof-of-Stake consensus (SPoS) method to increase the blockchain's security to the furthest extent possible. Small transaction costs, In order to make blockchain projects accessible to the general public while maintaining your competitiveness, low transaction costs are a requirement. Elrond is setting the standard with its minimal transaction costs in comparison to traditional payment alternatives. Adaptable Smart contracts, The extensive usage of blockchain technology in multiple use cases is made possible by smart contracts. Elrond ecosystem, A constantly expanding socio-technical ecosystem is developing around the Elrond blockchain through interaction with clients and partners. Optimal for software developers, Building on WASM, the Elrond Virtual Machine is a unique engine for carrying out smart contracts. It adds Rust, C/C++, C#, and Typescript to the list of languages that smart contract developers can use. As a result, you can create smart contracts using the programming language of your choice. Numerous programming languages may currently be compiled using WASM, and WAT enables simple debugging in a human-readable format. Past, present and future prices of The Elrond network (EGLD) Elrond (EGLD) price rose and fell twice in 2022, reaching its overall peak price of $431 in late November 2021. Since then the price has fallen consistently to date. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, EGLD does fall under this category. According to some analysts, the future price of The Elrond network (EGLD) could reach up to $326 by 2025 and could see a price of more than $1,950 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. Elrond Price Chart Sources: finance.yahoo.com, coinmarketcap.com, istari.vision, zipmex.com
The Main Scenario Of The EUR/USD Pair Is Still A Downtrend

Jackson Hole Economic Symposium Gave Guidance On Future Monetary Policy Decisions From Major Central Banks (EUR/USD, EUR/GBP, GBP/USD)

Rebecca Duthie Rebecca Duthie 29.08.2022 15:00
Summary: Fed anticipates that tightening will cause growth to decelerate. ECB indicate a hawkish outlook. Both Fed and ECB holding a hawkish outlook The market is reflecting bullish signals for this currency pair. He made it clear in his speech at the Jackson Hole conference that the Fed anticipates that tightening will cause growth to decelerate and that households would experience some pain as a result. His comments that the present rate is neutral appear to have cleared up any doubt. The Jackson Hole Economic Symposium confirmed what the majority of attendees had anticipated before the event even began: that inflation does not appear to be slowing down, necessitating sustained resolve on the part of the Fed in the form of unrelenting interest rate increases.   Not only the Fed, though; ECB members also contributed to the narrative by speaking about the approaching rate decision with a heightened feeling of urgency and proposing increases of 50 or 75 basis points. After the unexpected 50 bps rate increase in July, the interest rate meeting on September 8th could result in a second rate increase. Villeroy, Schnabel, Kazak, Knot, and Holzmann all agreed that the rate increase in September should have been significant (by ECB criteria). It is action time, according to Oli Rehn, one of the ECB's slightly more dovish members, and the next move will be "important." EUR/USD Price Chart   Euro rallied against the GBP on Monday The market is reflecting bullish signals for this currency pair. Entering the new week, the Euro was supported by the hawkish outlook from the ECB that was indicated at the Jackson Hole Symposium on Friday. Risk of a UK recession still remains high. EUR/GBP Price Chart   Hawkish fed weighs on GBP/USD The market is reflecting mixed signals for this currency pair. The exchange rate between the pound and the dollar initially increased on Friday, but it quickly lost those gains when Federal Reserve Chairman Jerome Powell warned that businesses and individuals would struggle more if the bank raised interest rates in a bid to lower U.S. inflation.    Following last week's hawkish remarks by Fed Chair Powell at the Jackson Hole Economic Symposium, the pound sterling continued to decline this past Monday. Markets had anticipated this outcome in large part, but confirmation revealed the differences between the economies of the US and UK. Goldman Sachs reported the decrease in UK economic data this morning, reiterating the Bank of England (BoEopinion )'s from a few weeks ago that a UK recession is anticipated in the fourth quarter - a significant change from their earlier prediction. GBP/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

Recession Fears Continue To Rattle the Commodity Markets - Brent Crude Oil, Silver Futures Touch 4-week lows, Corn Futures Reach 6-week Highs.

Rebecca Duthie Rebecca Duthie 29.08.2022 14:00
Summary: Investors weigh Brent crude supply against a prolonged economic slowdown. Silver futures fall in the wake of declining demand and rising interest rates. Poor corn crop drives prices. Brent Crude Oil holding steady heading into the week Following a 4.4% increase last week, Brent crude futures held steady above $100 per barrel on Monday as investors weighed supply-side concerns against concerns that a prolonged global economic slowdown may damage gasoline consumption. In an effort to calm the choppy markets, Saudi Arabia suggested last week that OPEC+ production might be reduced. Congo and Libya backed this idea. Fears of more oil flow disruption were fueled by violent confrontations between rival militias in Libya's capital, while delays at a crucial Kazakhstani crude export facility continued. Expectations of an immediate restart of Iranian oil shipments have been reduced as nuclear discussions between the US and Iran continue into next month. Fears of a recession have been rattling commodity markets since June, and oil is expected to decrease for a third consecutive month. Jerome Powell, the chair of the US Federal Reserve, emphasized the need for higher interest rates on Friday, even at the risk of some short-term economic hardship, and ECB leaders shared the same outlook. Brent Crude Futures Price Chart   Silver prices are touching 4 week lows The price of silver dropped to a 4-week low of 18.678 USD/t.oz due to declining demand and rising interest rates all across the world. As China and India take advantage of cheap oil and gas from Russia, while Europe is shifting back to coal as an energy option, progress toward green technology, such as the development of solar panels, has suffered a setback. The Inflation Reduction Act, however, will allocate $430 billion to renewable energy in the US. Additionally, a recession in the global economy is causing large consumers to buy less silver jewelry and buy less technology and cars. Store closings caused by Covid epidemics have caused China and India to decline. On the supply front, Latin America's silver production has recovered from the Covid-19 setback thanks to the region's largest producers, Mexico and Peru, who relaxed limitations before the rest of the world. Since its March peak, when Russia's invasion of Ukraine sparked a rally in precious metals, silver has fallen by almost 30%. Silver Sep ‘22 Futures Price Chart   Corn futures touching 6-week highs After the USDA reported poor crop conditions amid heatwaves in the Midwest and plains, corn climbed to a 6-week high. The organization gave a rating of 55% good to excellent for the US maize crop, down from 57% the week before. Regarding demand, the USDA reported that export inspections reached a total of 740,508 tonnes in the week ending August 18th, which was in line with market expectations. As a result of anticipating additional damage from the recent dry and hot weather, the European Union's crop monitoring service MARS reduced its production projections once more for summer crops throughout the union, including significant reductions in maize (corn). Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
5 Cryptocurrencies To Keep A Watch On: Harmony (ONE), Potcoin (POT), Football Coin (XFC), HEX (HEX), GameCoin (GMEX)

5 Cryptocurrencies To Keep A Watch On: Harmony (ONE), Potcoin (POT), Football Coin (XFC), HEX (HEX), GameCoin (GMEX)

Rebecca Duthie Rebecca Duthie 26.08.2022 15:59
Summary: A summary of ONE, POT, XFC, HEX, GMEX. Proof of work, proof of stake, proof-of-history, proof-of-stake-velocity. DApps, fantasy football. The Harmony (ONE) Platform Blockchain platform Harmony makes it easier to build and use decentralised applications (DApps). The network focuses on random state sharding, which enables the creation of blocks in just a few seconds, with the goal of innovating the way decentralised apps operate.   The Harmony mainnet seeks to reinvent block creation by putting an emphasis on processing speed and validity. The business drastically decreased node validation times by implementing the sharding method. The Verifiable Random Function (VRF) for impartial and unpredictable shard membership was established by Harmony to assure the protection of nodes and the security of the validation process. This indicates that validators and nodes are randomly assigned and reassigned. An effort of the project called Harmony Grants attempts to encourage innovation and draw developers to the Harmony mainnet. EPoS is intended for quicker processing times and increased scalability, in contrast to proof-of-work (PoW) consensus algorithms. Read more: Altcoins: Harmony (ONE) - What Is It? - A Deeper Look Into the Harmony (ONE) Platform  The Potcoin (POT) Exchange A cryptocurrency called PotCoin was developed to fill a banking gap in the legal marijuana sector. Customers can purchase cannabis products anonymously with PotCoin as well. PotCoin was designed as a cryptocurrency that makes transactions in the legal cannabis industry more quick, easy, and secure. PotCoin is a specialised coin that is only used by the legal marijuana sector. The nearly complete lack of banking services available to legal cannabis enterprises in the US is a major driver of the need for PotCoin. The proof-of-stake-velocity (PoSV) protocol is the operating system used by the PotCoin blockchain. PoSV, a variant on the more popular proof-of-stake algorithm, rewards coin holders for regularly conducting transactions with their cryptocurrency. Similar to Litecoin, potcoin has minimal transaction costs and quick processing times. But unlike Bitcoin and Ethereum, PotCoin does not have a sizable user base, which makes it less liquid and more price volatile. Read more: Altcoins: Potcoin (POT) - What Is It? - A Deeper Look Into the Potcoin (POT) Platform  The Football Coin exchange A fantasy football game called FootballCoin makes use of its own cryptocurrency, called XFC coin. FootballCoin's major objective is to create a link between the fantasy football, cryptocurrency, and football fandoms, as well as to provide users of football managers and fantasy sports with the benefits of blockchain technology and cryptocurrencies. A digital asset called XFC (FootballCoin) serves as in-game money. On the FootballCoin BlockChain platform, a fixed and constrained amount of 1 billion XFC tokens are made available (a Bitcoin type algorithm blockchain). A game economy with no inflation is provided via a fixed and limited number of coin issuances. In the game, XFC can be used to pay the entry fee for competitions, to buy blockchain-based football player and stadium cards, and to trade on exchanges. Read more: Altcoins: Footballcoin (XFC) - What Is It? - A Deeper Look Into the Footballcoin (XFC) Platform  The HEX (HEX) exchange HEX was launched in December 2019, and is the first blockchain Certificate of Deposit, that offers high returns, no minimum and decentralised design. The average return staked on HEX is around 38%. The current circulating supply of HEX is more than 173.4 billion coins, with no maximum supply. The market capitalization is more than $12.8 billion, which puts HEX in the top 10 cryptocurrencies in terms of market capitalisation. HEX is an ERC20 token that is launched on the Ethereum network. The HEX token is designed to act as a store of value to replace the Certificate of Deposit as the blockchain counterpart of the Certificate of Deposits used in traditional financial markets. HEX token is also designed to leverage off the emerging decentralised finance (DeFi) ecosystem in finance using the Ethereum network. HEX utilises the Ethereum network for the transaction layer (the layer that makes it possible to send and receive HEX tokens as well as allowing interactions with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract. Read more: Altcoins: What Is HEX? - A Deeper Look Into The HEX Blockchain  The Game Coin Exchange Any athlete in the world can create their own sports-related coins using the Game Coin platform. The platform, which enables businesses and individuals to participate in the decentralised market, was developed utilising blockchain technology. All platform transactions are based on Game Coin, which is regarded as the platform's money. GMEX is the platform's official ticker for Game Coin. Every transaction on the site is subject to a 7% transaction fee. The transaction fee contributes to the accomplishment of the mission, and token holders are given the chance to interact, engage, compete, participate, and assess their skills and gifts on a single platform. Read more: Altcoins: GameCoin (GMEX) - What Is It? - A Deeper Look Into the GameCoin (GMEX) Platform  Sources: fxmag.com
Market Trends and Currency Positioning: USD Net Short Position, Euro and Pound Analysis - 22.08.2023

Euro Under Pressure From Rising Prices (EUR/USD, EUR/GBP), Fed Chair Jerome Powell Address On Friday (USD/JPY)

Rebecca Duthie Rebecca Duthie 26.08.2022 15:44
Summary: EUR/USD back above parity. Risk of UK stagflation increases as inflation pressures rise. Jerome Powell to address on Friday. EUR/USD trading above parity on Friday The market is reflecting mixed signals for this currency. Yesterday, we learned more about the Governing Council of the European Central Bank (ECB), who voted to raise interest rates by 50 basis points last month despite having talked up the increase by 25 bps in the months before the vote. The inclusion of the anti-fragmentation mechanism known as the "transmission protection instrument," which serves as additional firepower in the case of a jump in sovereign yields of the EU's riskier member states, was supported by a unanimous vote of the Council. However, the decision to raise interest rates by 50 basis points was not unanimously supported. In my opinion, this shouldn't be an issue in future meetings because the risk of embedded inflationary expectations over the medium term is increased by the inflation rate's close proximity to double digits. Following the announcement by Russia's national gas monopoly that it would cut off supplies through a crucial pipeline for three days in September, the already constrained market for gas saw substantial double-digit percentage increases during the past week. In the absence of convincing supply-side responses from European capitals to the ongoing Russian gas diplomacy, the economic difficulties these price increases entail may continue to be a barrier for the single currency. EUR/USD Price Chart EUR/GBP The market is reflecting mixed signals for this currency pair. After slipping back below parity with the dollar during the Monday session, the euro enjoyed some reprieve for the majority of the following week, but European gas prices continued to soar after a week-long stretch of astronomical gains. The soaring energy prices in the Eurozone continue to weigh on the Euro single currency. As the economy slows and inflation pressures increase, the risk of stagflation in the UK is continuing to rise. However, given the developing energy crisis that threatens to drive UK inflation rates further higher into double digit territory over the coming few months, traders feel that the Bank of England is currently focusing on the latter of these two crises. In terms of odds on a BOE raise, markets are currently at their most aggressive levels of the year. EUR/GBP Price Chart USD/JPY The market is reflecting mixed signals for this currency pair. When Tokyo CPI came in above forecasts for August, USD/JPY yawned. Instead of the expected 2.5%, the core CPI increased 2.6% year over year. The national CPI statistic that is due in three weeks can be inferred from the Tokyo CPI number. FX markets have been relatively quiet over the last 48 hours. The reason for this is the lack of summer liquidity, which prevents traders from taking large positions before Friday's address by Fed Chair Jerome Powell at the Jackson Hole Economic Policy Symposium. USD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

Gold Prices Dip In the Wake Of Hawkish Fed Comments, Cotton Futures Trading Near 2-month Highs, Brent Crude Supplies Are Expected To Tighten

Rebecca Duthie Rebecca Duthie 26.08.2022 15:02
Summary: US economy shrank in the second quarter at a moderate rate. Reduced global cotton supplies. Brent crude futures rose. Gold prices dip In anticipation of US Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium later in the day, gold prices dipped below $1,760 an ounce on Friday. Following a slew of hawkish comments from Fed officials, Powell is expected to reiterate the central bank's aggressive stance against rising inflation. However, the markets are still split on whether the Fed will deliver another supersized 75 basis point or a more modest half-percentage point rate hike in September. A final estimate revealed that the US economy shrank in the second quarter at a more modest rate, bolstering the case for additional monetary tightening and maintaining pressure on the bullion markets. Although analysts predict further volatility should Powell's words surprise markets, gold is expected to close the week with minimal change. Gold Dec ‘22 Futures Price Chart Cotton futures trade near 2-month highs Trading in cotton futures was relatively close to the nearly two-month high reached on August 16 as traders weighed the likelihood of reduced global supplies against a slowing in demand. The most recent USDA data stated that due to drought, particularly in Texas, which generally accounts for more than half of the US plantings, US production for 2022–2023 is predicted to drop to 12.6 million bales, which would be the lowest level since 2009–2010. The USDA also decreased its forecasts for global cotton consumption and production by 800,000 bales and 3.1 million bales, respectively. Heavy rains and bugs have severely damaged the cotton fields in India, another top producer, to the point where the government is now importing cotton. The projection of production this year has come down to 31.5 million bales while consumption is 34.5 million bales. Cotton Oct ‘22 Futures Price Chart Brent Crude supply tightening With a tightening supply forecast and hints of improving short-term fuel demand, Brent crude futures increased to almost $100 per barrel on Friday and were expected to end the week more than 3% higher. Official US data released on Wednesday revealed record crude and refined product exports last week along with a sustained fall in crude stocks. Additionally, traffic levels in the Asia Pacific, Europe, and North America increased significantly in the week leading up to August 24 according to TomTom's Congestion Index data. On the supply front, Saudi Arabia issued a warning that OPEC+ would reduce output to calm choppy markets. However, some OPEC sources told Reuters that such a move may not be imminent and that it would take place at the same time as Iranian oil returning to the international market. Brent prices, however, fell 1.9% on Thursday as negotiations to resurrect the 2015 nuclear deal between Iran and the West appeared to be moving forward. Brent Crude Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Tesla (TSLA) Share Price Driven In The Wake Of The Company’s Stock Split

Tesla (TSLA) Share Price Driven In The Wake Of The Company’s Stock Split

Rebecca Duthie Rebecca Duthie 25.08.2022 21:09
Summary:Teslas share price boosted by the stock split.Tesla stock split boosts share priceWall Street analysts rave that the three-for-one stock split in Tesla that took effect after the close of trade on Wednesday is just one of many triggers boosting the price."After brutal shutdowns in April/May due to the zero Covid policy, we are now seeing unprecedented Model Y production in China after factory upgrades with Musk & Co. on a pace to produce over 1 million vehicles annually out of this key product artery," Wedbush analyst Dan Ives said in a note to clients on Thursday."Demand is not the problem for Tesla, but supply has been and is now clearly on an upward trajectory with China on its next level of Model Y production while Berlin and Austin ramp its production lines into year-end," Ives added. "While the shaky macro will clearly trim some demand for Tesla (as well as the industry), we believe demand continues to hold up firm for the EV stalwart across the US, Europe, and China."The seasoned Tesla bull restated his recommendation to outperform Tesla stock and increased his price objective from $333 to $360 after taking into account the stock split. As of 2:27 PM ET on Thursday, Tesla stock had decreased marginally to $293 and was one of the most actively traded stocks on the Yahoo Finance platform."In our view, the stock split doesn't change anything fundamentally — the impact is more psychological, as companies with improving prospects and rising stock prices tend to execute stock splits," Nelson explained. "It's worth mentioning that studies have shown that stocks that split tend to outperform the broader market in the 1-3 years following the split. A lower share price could also appeal to retail investors." TSLA Price ChartSources: finance.yahoo.com
Euro Remains Below Parity Against The US Dollar (EUR/USD), Risk Of UK Stagflation Continues To Rise (EUR/GBP, GBP/NZD),

Euro Remains Below Parity Against The US Dollar (EUR/USD), Risk Of UK Stagflation Continues To Rise (EUR/GBP, GBP/NZD),

Rebecca Duthie Rebecca Duthie 25.08.2022 21:00
Summary: EUR trading below parity against the USD. UK at risk of energy crisis. Kiwi outperforms on Thursday. EUR/USD trading below parity The market is reflecting mixed signals for this currency pair. Policymakers at the European Central Bank have been relatively silent on the lecture circuit lately, but that may soon change as the summer comes to an end. There was disagreement about the 50-bps rate increase even as inflation pressures in the Eurozone had risen, according to the minutes of the ECB meeting in July. The ECB may ultimately disappoint in the upcoming months as fears turn back to weak growth, even as rates markets are discounting a more aggressive course going forward. Powell might exert pressure on the market to raise expectations for the Fed's September rate hike to 75 basis points because the markets now expect the Fed to deliver approximately 65 basis points of increases. This may provide short-term support for the Dollar and maintain pressure on the Euro into the next month. EUR/USD Price Chart Risk of UK Stagflation rises The market is reflecting bearish signals for this currency pair. The energy crisis in the Eurozone is still putting the Euro under pressure. As the economy slows and inflation pressures increase, the risk of stagflation in the UK is continuing to rise. However, given the developing energy crisis that threatens to drive UK inflation rates further higher into double digit territory over the coming few months, traders feel that the Bank of England is currently focusing on the latter of these two crises. In terms of odds on a BOE raise, markets are currently at their most aggressive levels of the year. EUR/GBP Price Chart GBP/NZD - Kiwi outperforms GBP This week saw the start of the short-lived mid-month recovery in the Pound to New Zealand Dollar exchange rate. If the Kiwi continues to excel and Sterling continues to underperform among the major currencies, the exchange rate is likely to unravel even more in the days to come. After profiting from a general easing of the U.S. Dollar ahead of Friday's visit by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole Symposium for central bankers, the New Zealand Dollar outperformed on Thursday in a booming market for Asia Pacific currencies. GBP/NZD Price Chart Sources: finance.yahoo.com, poundtserlinglive.com, dailyfx.com
Altcoins: Basic Attention Token (BAT) - What Is It? - A Deeper Look Into the Basic Attention Token (BAT) Platform

Altcoins: Basic Attention Token (BAT) - What Is It? - A Deeper Look Into the Basic Attention Token (BAT) Platform

Rebecca Duthie Rebecca Duthie 25.08.2022 15:27
Summary: What is The Basic Attention Token Platform and how does it work? Advantages of the Basic Attention Token exchange. Basic Attention Token’s present and future price positions. The Basic Attention Token A new blockchain-based digital advertising network called Basic Attention Currency, or BAT, is powered by this token in order to appropriately reward consumers for their attention and give advertisers a greater return on their ad expenditure. This service is provided by the Brave Browser, where users can view privacy-protecting advertisements and earn BAT incentives. To increase engagement and reduce losses from ad fraud and misuse, advertisers can provide personalized advertising. In this advertising ecosystem, users, publishers, and advertisers all trade Basic Attention Tokens, which serve as the incentive currency. BAT tokens are used by advertisers to fund their advertising campaigns. A little percentage of this money is given to advertisers, and 70% is given to users, improving cost-efficiency by eliminating the intermediaries that traditionally push up advertising expenses. Following one of the most quickly sold-out initial coin offers (ICOs) ever, Basic Attention Token was introduced in 2017. The platform raised a total of $35 million in less than a minute. Through its Brave Rewards program, it has since made its attention-based advertising experience available to users in the majority of nations. The most active ad campaigns as of November 2020 were in the United States, the United Kingdom, and Canada. The Basic Attention Token's main application is as a payment token for advertising campaigns that are carried out through Brave Ads. Advertisers will need to commit to a minimum monthly ad expenditure of $2,500 as of November 2020 in order to launch their campaign, while a self-serve platform with potentially lower restrictions is now in development. This advertising budget is now required to be paid in full in Basic Attention Tokens, which advertisers may purchase from a number of third-party exchange platforms. Brave retains a small portion of this revenue, with the remainder going to users and publishers. The ability to reward (tip) users who are not yet a part of the network, such as websites and specific Twitter users, is one of the key characteristics of Basic Attention Token and the Brave Browser ecosystem. Then, these users can safely sign up for the platform and begin collecting tips. Since their releases, Basic Attention Token and Brave Browser have seen a huge increase in user adoption. The Basic Attention Token is now held by a total of more than 368,000 different wallets as of October 2020, and Brave Browser has a total of 20.5 million active monthly users. The current market capitalisation of the Basic Attention Token exchange is $556,305,816. There is a maximum supply of 1.5 billion BAT tokens, of which 100% are currently in circulation. Advantages of the Basic Attention Token Network The goal of Brave Attention Token is to replace middleman ad exchanges that degrade the advertising experience. Developers on the Brave Attention Token team are extremely skilled and devoted. The faster speed and total data and information protection offered by the Brave browser. Currently, Brave has 10 million monthly users. Brave protects users' identity and privacy while simultaneously tracking their attention in real-time. Both users and publishers have a high need for what Brave and Basic Attention Token provide. Present and future prices of The Basic Attention Token network (BAT) BAT tokens price started low but hit its first price peak of $0.76 early in 2018. Thereafter the price fell, and remained low, however, experiencing a lot of volatility. During the first half of 2021, BAT’s price began to rise and then fall again, followed by a price spike to it's all time high of $1.76 late in November 2021. Since its all time high, the price has consistently fallen. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, BAT does fall under this category. According to some analysts, the future price of The Basic Attention Token network (BAT) could reach up to $1.73 by 2025 and could see a price of more than $10.52 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. BAT Price Chart Sources: finance.yahoo.com, coinmarketcap.com, sashares.co.za, chanegelly.com  
Commodities Update: Strong Russian Oil Flows to China and Volatility in European Gas Market

Platinum futures drop to their lowest level in a month, RBOB Gasoline, Wheat Futures Close To 10-month Lows

Rebecca Duthie Rebecca Duthie 25.08.2022 15:22
Summary: A hawkish Fed is causing investors to shy away from non-yielding assets. Ships transporting Ukrainian grain out of Black Sea ports continued to run without a hitch. RBOB Gasoline. Platinum Futures touching one-month lows Late in August, platinum futures experienced a decline to below $880 per ounce, the lowest level in a month, and followed other precious metals as hawkish comments from Federal Reserve policymakers boosted demand for the US dollar and scared investors away from non-interest-bearing assets. A global economic slowdown's effect on the auto industry's outlook, which lowered demand for autocatalyst components, also put pressure on prices. In July, car registrations were down year over year in the UK, Germany, and Italy, while declines were seen in the US and Canada according to June statistics. Platinum Oct ‘22 Futures Price Chart Wheat futures remain close to 10 month lows Late in August, with a lack of certainty over the weather in the US's growing regions, Chicago wheat futures eked out a small gain. Despite this, prices remained near to the 10-month low reached last week and were far lower than they were before Russia invaded Ukraine, as ships transporting Ukrainian grain out of Black Sea ports continued to run without a hitch. It is anticipated that Ukraine will sell more than 20 million tonnes of grain that are said to have collected in port silos since its invasion began on February 24 in addition to freeing up critical storage space for the next wheat harvest. Meanwhile, the USDA raised the world's supplies upward in its most recent WASDE report, boosted by projections for record production in Russia and higher output from China and Australia. The outlooks for US supplies were also upgraded because strong spring wheat more than made up for declines in winter and durum wheat. Wheat Futures Price Chart RBOB Gasoline According to AAA, the national average cost of gas in the United States has decreased for 70 days in a row to $3.89 a gallon. However, buyers shouldn't get complacent and believe that this streak will continue all the way to the end of the year. And one energy trader predicts that gas prices will rise once more, especially as we head into the fall and winter. RBOB Gasoline Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Tesla (TSLA) Stock Split - Shareholders To Receive 2 Extra Shares For Each Share They Possess

Tesla (TSLA) Stock Split - Shareholders To Receive 2 Extra Shares For Each Share They Possess

Rebecca Duthie Rebecca Duthie 24.08.2022 19:39
Summary:Shareholders will receive 2 extra shares per share holding.Tesla Stock SplitTesla's three-for-one stock split has arrived. And since the business announced the stock split, the company shares have increased. Tesla (TSLA) stock will trade at about one-third of its Wednesday closing price on Thursday morning. By issuing a stock dividend of two shares for each share held after the close of trading, Tesla is implementing the split.With the share price divided by three, shareholders will receive what amounts to a dividend of two additional shares for each share they currently possess.Stock splits don't fundamentally alter a company's operations or its value, but investors typically see it as a sign that the company is doing well. No exception applies to Tesla's impending split, with the ensuing cheaper price per share possibly luring in new retail investors. Despite a 15% year-to-date decline in share price, those investors still have high hopes for the company's future. TSLA Share Price ChartSources: finance.yahoo.com, fool.com, wsj.com, barrons.com
Gas Flowing Through The Nord Stream Due Be Halted For 3 Days (EUR/USD, EUR/GBP), JPY Susceptible To External Influences

Gas Flowing Through The Nord Stream Due Be Halted For 3 Days (EUR/USD, EUR/GBP), JPY Susceptible To External Influences

Rebecca Duthie Rebecca Duthie 24.08.2022 16:31
Summary: Euro remains at risk.UK PMI data release supporting the GBP.JPY still susceptible to outside influences.EUR/USD trading below parityThe market is reflecting mixed signals for this currency pair. Speaking of inflation, the 1-year Euro inflation linked swaps recently rose to over 8% as financial markets bet on problems with Russia's winter gas supply. This is a recent short-term gauge of inflation for the euro zone. On August 31, Gazprom announced that it would stop all gas deliveries through Nord Stream for a three-day maintenance period. A standard 10-day maintenance window was already completed on the pipeline in July. As long as there is a chance that the pipeline will be offline for more than three days, European gas prices are likely to continue rising. Possibility of a delayed return of Russian Gas Supply keeps euro at risk and EUR/USD attempts retest of prior low after failing to trade above parity. EUR/USD Price ChartUK Economy grew in AugustThe market is reflecting bearish signals for this currency pair. The British Pound has made some progress against the Dollar and is still strong versus the Euro, but the likelihood of a significant slowdown in the economy over the next few months amid rising inflation might put it on the back foot unless the next prime minister announces a big policy package. Following the release of UK PMI data on Tuesday that showed the UK economy grew in August despite similar surveys from the US and the Eurozone showing contraction, the pound increased in value relative to both currencies. This relative outperformance offered the British Pound, one of the G10's underperformers among the main currencies for 2022, a rare bit of good news. EUR/GBP Price ChartUSD/JPY currency pairThe market is reflecting bullish signals for this currency pair. After picking up last week, the Japanese Yen's weakness against the US Dollar indicates that it is still susceptible to outside influences. The DXY index allows one to observe the broadening strengthening of the "huge dollar". Knowing where the 10-year Treasury yield is going could give you an advantage when trading USD/JPY. With Jerome Powell's Friday keynote speech at the forthcoming annual Jackson Hole conference, the stage may be set for an opportunity. USD/JPY Price ChartSources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Arenum (ARNM) Explained - What Is It? You Have To Check This Novelty On Cryptomarket! #Altcoins

Altcoins: Arenum (ARN) - What Is It? - A Deeper Look Into the Arenum (ARN) Platform

Rebecca Duthie Rebecca Duthie 24.08.2022 15:42
Summary: What is The Arenum Platform and how does it work? Advantages of the Arenum exchange. Arenum’s present and future price positions. The Arenum Platform Arenum (ARNM): What is it? The next development in the financial and technological framework for web-based gaming is Arenum.io. Arenum wants to become the blockchain version of the App Store by connecting game developers, players, and influencers by utilizing its robust SDKs. What makes Arenum so unique? Actually, it's simple. They are known as moon factors. Moon factor #1, The tournament platform for casual games, Global Matching Engine: Arenum was designed from the ground up to compensate both game producers and players for their work. Players are rewarded for their participation in the games they play. We give users the chance to participate in their preferred games and win cryptocurrency. Moon factor #2, The Arenum platform provides a set of strong SDKs that allow developers of traditional video games to easily move their game infrastructure to the blockchain and enable Play-to-Earn features right away. Moon factor #3, Arenum is here to deliver and is production-ready. The beta version has more than 50k installs now in Turkey and Brazil, giving regular product upgrades and scalable product metrics. Arenum team has already delivered a number of products since 2017: mobile video streaming services blockchain based on the tendermint on-demand high-load video services AI-based video analytics platform for Arenum Tournaments (since 2018). The Arenum team has 37 full-time professionals in total, several of them have backgrounds in blockchain and game development. Who is distinctive about Arenum? Arenum is a platform that provides gamers and game developers with the initial infrastructure they require. Platforms prosper with time. Arenum is above the hit-driven gaming business; by adhering to our own set of principles, we use profitable games to fuel the platform's expansion and revenue. The platform is protected from "flash in the pan" or "one hit wonder" effects thanks to higher retention and the chance to employ cross-game exposure. Arenum maintains stability at a level above gaming by concentrating on utilizing trends to expand as a platform. Arenums wants to use casual PvP games to spread awareness of cryptocurrency. Advantages of the Arenum network Arenum wants to give developers, players, and influencers more power by adding an eSports layer to the games that are already part of its network and using player vs. player (PvP) competitions to further motivate players and provide users with a decentralized way to interact with other users in the ecosystem. PvP tournaments may be quickly launched using the platforms' cutting-edge connection, which is a component of its tournaments engine, in addition to PvP as a service. The Arenum platform is an open creative network. League of Legends players are free to organize their own tournaments and manage them however they see fit. Players that compete with one another raise their earning radar, which opens up new, uncommon NFTs in the game economy. This is done to return power and control to the players. Present and future prices of The Arenum network (ARN) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, ARN does fall under this category. According to some analysts, the future price of The Arenum network (ARN) could reach up to $0.56 by 2025 and could see a price of more than $3.52 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ARN Price Chart Sources: finance.yahoo.com, coinmarketcap.com, cryptotvplus.com, priceprediction.net
In Germany, The Next-Year Prices For Energy Are Astonishing! Why?

Coffee Futures Trading At Highest Level Since June 22, Palladium Sees Lowest Prices In A Month, WTI Crude Oil Stockpiles Dropped

Rebecca Duthie Rebecca Duthie 24.08.2022 15:07
Summary: Fears around global supplies for crude oil persist. Increased anxiety around world coffee supplies. Worsening outlook for outlook for the auto industry weighing on palladium futures. WTI Crude Oil Futures After a report from the industry revealed another larger-than-expected drop in US crude stockpiles, adding to fears about a tightening global supply, WTI crude futures maintained their recent surge above $95 per barrel on Wednesday. US crude stockpiles dropped by 5.632 million barrels last week, according to a late-Tuesday API data; this was significantly more than the 900,000 barrel drop that analysts had predicted. Analysts anticipate a 933,000 barrel decline in the official EIA data that will be issued later in the day. Tuesday saw an almost 4% increase in oil prices after Saudi Arabia hinted at potential production curbs from OPEC+ to fend off negative pressure on prices. The price of petroleum is still down nearly 25% from its peak in June due to rising concerns that a global economic slowdown will reduce consumer spending as major central banks aggressively raise interest rates to fight inflation. Oil prices now face additional downside risks from the potential collapse of the 2015 nuclear agreement, which would increase Iranian oil shipments. WTI Crude Oil Futures Price Chart Coffee Futures Due to indications of severe dryness in top producer Brazil, Arabica coffee futures on the ICE were trading at their highest level since June 22. This increased anxiety over world supplies. According to Somar Meteorologia, Minas Gerais, which produces 30% of Brazil's arabica crop, had 0% of the normal amount of rain in the previous week. According to Maxar Technologies, the La Nina weather pattern is likely to persist through the end of the year. This suggests that Brazil will receive less rain through the end of the year, which could intensify the drought and put more strain on the country's coffee harvests. Coffee Dec ‘22 Futures Price Chart Palladium Futures Late in August, the price of palladium futures fell to its lowest level in a month, trading around $1,990 per ounce as the Fed's anticipated aggressive rate hikes increased demand for the US dollar and scared investors away from non-interest-bearing assets. The worsening prognosis for the auto industry put pressure on futures, which decreased demand for autocatalyst parts. Palladium Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
This Week's Tesla Stock Split Could Be The Best Moment To Buy The Stock! Twitter Stock Price Plunged!

Tesla (TSLA) 3-for-1 Stock Split Drives Share Price

Rebecca Duthie Rebecca Duthie 23.08.2022 18:50
Summary: 3-for-1 TSLA stock split Aug 24.. Tesla Stock Split The latest megacap firm to split its highly priced shares this year in an effort to make them more accessible to investors is Tesla Inc. TSLA 1.48%, which will do so this week. Although stock splits have been less common over time, Google parent Alphabet Inc. and Amazon.com Inc. will both split their shares in 2022. Investors frequently view such plans as management expressing confidence. Tesla's stock has increased by nearly 25% since the electric vehicle manufacturer revealed plans to split its stock on June 10. At their annual shareholders meeting on August 4, shareholders approved the stock split, and on August 5, the automaker announced the split's details. In spite of the surge, Tesla shares are down about 18% so far this year as investors reevaluated highly valued growth businesses in response to rising interest rates. On August 24, Tesla will split its stock. As of August 17, shareholders will get what amounts to a dividend of two extra shares for every share they now hold. On a split-adjusted basis, trading will begin on August 25. TSLA Price Chart Sources: finance.yahoo.com
Apecoin (APE) Makes Five Attempts at Breaking out From Descending Resistance Line | BeInCrypto

Altcoins: ApeCoin (APE) - What Is It? - A Deeper Look Into the ApeCoin (APE) Platform

Rebecca Duthie Rebecca Duthie 23.08.2022 18:50
Summary: What is The ApeCoin Platform and how does it work? Advantages of the ApeCoin exchange. ApeCoin’s past, present and future price positions. The ApeCoin Platform APE Ecosystem uses ApeCoin, an ERC-20 governance and utility token, to enable and reward a decentralized community forming at the vanguard of web3. Owners of ApeCoin make decisions about how to use the ApeCoin DAO Ecosystem Fund using the decentralized governance structure that runs the ApeCoin DAO. The suggestions adopted by ApeCoin holders are managed by the APE Foundation. ApeCoin is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism. The decentralized Bored Ape Yacht Club concept by Yuga Labs served as inspiration for ApeCoin. To be utilized in the developing APE Ecosystem, which is funded by the APE Foundation, ApeCoin was created. The ApeCoin DAO provides an architecture for ApeCoin holders to interact through open and permissionless governance mechanisms in order to construct and sustain the APE Ecosystem in a fair and equitable manner. The choices made by ApeCoin DAO members will be carried out by a board of administrators within the APE Foundation (the "Board"). The daily management, bookkeeping, project management, and other duties that guarantee the Community's ideas receive the backing they require to become a reality fall within the purview of the Board. The members of the ApeCoin DAO elect the Board. The governance token for the APE Ecosystem is called ApeCoin. It enables token holders to take part in the ApeCoin DAO and provides its users with a decentralized, open, and shared money. The Ecosystem Fund, which will support community-driven activities as decided by ApeCoin DAO members, received 62% of all ApeCoin. Additionally, ApeCoin provides access to special games and services as well as other areas of the Ecosystem that are otherwise inaccessible. ApeCoin is a mechanism for third-party developers to engage in the ecosystem by integrating ApeCoin into services, games, and other projects. Yuga Labs, the company behind the Bored Ape Yacht Club, donated a one-of-a-kind NFT to the APE Foundation. All rights and privileges to this NFT and the underlying artwork have been transferred by Yuga Labs to the APE Foundation. How this intellectual property is used is up to the individual ApeCoin DAO members. The current market capitalisation for ApeCoin is $1,606,526,568. There is a maximum supply of 1 billion APE tokens, 306,875,000 of those are currently in circulation. Advantages of the ApeCoin Platform Certik, the top security-focused rating site that tracks and examines blockchain protocols as well as decentralized finance (DeFi) projects, has certified ApeCoin as secure. CERTIK's endorsement of a crypto project says a lot about its reliability and validity. The results of this security portal show that: On-Chain Inspection (ApeCoin is healthy, based on real-time transactional tracking systems). Social Sentiment (ApeCoin is positive based on social monitoring and sentiment analysis). Rule of Law & Autonomy (ApeCoin is strong based on checking the tracking of privileged movements). Market turbulence (ApeCoin is robust based on indicators over trading volume, liquidity, and depth). Safety Evaluation (ApeCoin is good based on 15 safety and hazard evaluations). Static Evaluation (1 issue detected out of vulnerability and security checks). Recorded impressive trading volume. ApeCoin is a very popular crypto. ApeCoin has a scarcity to look forward to. Benefits from Ethereum updates. Past, present and future prices of The ApeCoin network (APE) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, APE does fall under this category. According to some analysts, the future price of The ApeCoin network (APE) could reach up to $17.36 by 2025 and could see a price of more than $111.61 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ApeCoin Crypto Price Chart Sources: finance.yahoo.com, coinmarketcap.com, trading-education.com, cryptopolitan.com
USD Outlook: Fed's Push for Higher Rates and Powell's Speech at Jackson Hole Symposium

EUR/USD Expected To Remain Below PArity, UK Economy Grew In August (EUR/GBP, GBP/USD)

Rebecca Duthie Rebecca Duthie 23.08.2022 18:50
Summary: ECB may turn more hawkish. The US economic downturn may have increased in August. EUR/USD still below parity The market is reflecting mixed sentiment for this currency pair. Will the European Central Bank (ECB) adopt a more hawkish stance this week given the pressure the Euro is still under and its recent breach of parity with the dollar? For the meeting on September 8th, the market anticipates a 54 bp rate increase. If the ECB wants to support the EUR/USD, may it start talking about the possibility of more drastic rate increases? Joachim Nagel, the head of the Bundesbank said, “Given high inflation, further interest-rate hikes must follow,the past few months have shown that we have to decide on monetary policy from meeting to meeting.” Investment firm Nomura's strategists have increased their confidence in a wager that the Euro to Dollar exchange rate (EUR/USD) is likely to experience a few "large figure" movements below parity. EUR/USD Price Chart EUR/GBP currency pair The market is reflecting bearish signals for this currency pair. In August, the UK economy grew, according to a closely-followed assessment of activity. Although consumers and businesses were struggling with rising inflation levels, the monthly S&P Global PMI series did reveal a slowdown in activity continued. Looking ahead, the trend is consistent with negative growth. The Euro is under pressure from the Eruozone energy crisis as market participants are expecting further interest rate hikes from the ECB. EUR/GBP Price Chart EUR/USD The release of data on Tuesday that suggested that the U.S. economy's downturn may have increased in August caused the Dollar to revert in value relative to the Euro and the British Pound. The service PMI score for the U.S. economy was 44.1, much below the 49.2 markets had projected and the 47.3 from July, according to S&P Global's PMI survey. According to S&P Global, the output decline was the sharpest since May 2020 and was the fastest since the first pandemic outbreak since the series' start almost 13 years ago. The numbers indicate that despite elevated inflation and rising interest rates at the Federal Reserve, the U.S. economy is slowing down. Another indication of a slowdown may dampen investor expectations for the amount of interest rate increases the Fed is prepared to make in the upcoming months, at least from the standpoint of the currency market. Cooling rate hike expectations can cause bond rates to fall, which is negative for the U.S. dollar. EUR/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

Higher Demand Mixed With Europe Energy Crisis Drives NGAS Prices, Cotton Futures, Gold Prices Touching One-Month Lows

Rebecca Duthie Rebecca Duthie 23.08.2022 18:50
Summary: NGAS prices rising. Gold prices fall as expectations for aggressive fed interest rate hiking persist. Cotton prices supported by fears around global demand exceeding supplies. NGAS reached highest level since July 2008 For the first time since July 2008, US natural gas futures surpassed the $10/MMBtu threshold, supported by expectations of higher demand for US LNG exports amid a worsening energy crisis in Europe. At the end of August, Russia's Gazprom announced that it would cease flows via the Nord Stream 1 pipeline to Europe for three days of maintenance. The region is under strain as it tries to refuel ahead of winter to avoid a natural gas crisis because the main pipeline between Russia and Europe is already operating at 20% capacity. The fact that the US is experiencing many heatwaves this summer and that temperatures are still high adds to the positive prognosis for the bullish prognosis for NGAS. Additionally, Freeport LNG recently reached an agreement with regulators to partially resume operations at its shut-down export plant in Texas in October and reported that it had started to take very small amounts of natural gas from pipelines. More natural gas will be taken out of storage once flows resume, which will increase exports. NGAS Sep ‘22 Futures Price Chart Gold prices hit one month lows Tuesday saw gold prices trading at one-month lows below $1,740 an ounce after six straight days of intense selling pressure due to fresh worries that the US Federal Reserve will continue to rapidly raise interest rates to combat inflation. A new surge in the dollar and Treasury yields was sparked last week by many US policymakers' hawkish remarks on the need for more tightening, which also decreased demand for metal. Additionally, traders are preparing for Fed Chair Jerome Powell's speech at the annual Jackson Hole symposium later this week, which may provide insight into the potential peak of US borrowing prices. The probability of a larger 75 basis point rate rise in September is currently higher than it was previously. While gold is widely considered as a hedge against inflation and economic uncertainty, higher interest rates raise the opportunity cost of holding non-yielding bullion. Gold Dec ‘22 Futures Price Chart Cotton prices trade close to two-month highs The price of cotton futures was trading close to a nearly two-month high reached on August 16 as traders weighed the likelihood of reduced global supplies against a slowing in demand. The most recent USDA data stated that due to drought, particularly in Texas, which generally accounts for more than half of the US plantings, US production for 2022–2023 is predicted to drop to 12.6 million bales, which would be the lowest level since 2009–2010. The USDA also decreased its forecasts for global cotton consumption and production by 800,000 bales and 3.1 million bales, respectively. Heavy rains and bugs have severely damaged the cotton fields in India, another top producer, to the point where the government is now importing cotton. The projection of production this year has come down to 31.5 million bales while consumption is 34.5 million bales. Cotton Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Apple Inc (AAPL) Calls Employees Back To Work From Sep 5

Apple Inc (AAPL) Calls Employees Back To Work From Sep 5

Rebecca Duthie Rebecca Duthie 22.08.2022 23:55
Summary: Apple wants its employees back in the office.Concerns about the impact of remote work on productivity persist.Apple inc Apple wants its employees back in the office, but the workers aren't having it. The return-to-office fights are still raging. In corporate America's campaign to encourage more workers to utilize their office desks more frequently, Apple has emerged as one of the most vociferous companies. The tech company has made numerous attempts to get workers back in person, and this week, CEO Tim Cook set a deadline of Sept. 5 for staff to be present at work at least three days per week.Employees at the tech giant argue that they can perform just as well working remotely as they can in the office in response to the most recent return-to-office policy. They are voicing their opinions through a petition calling for "location flexible work" that spread among Apple employees over the weekend. The petition, which was created by a group of employees known as "Apple Together," asserts that all staff, whether they were working from home or the office, had been performing "exceptional work" throughout the pandemic.However, there are still concerns about the impact of remote work on productivity, and recent evidence indicates that employers like Apple who insist on employees reporting to the office may have a point given the peculiar cultural aspects of working from home.APPL Share price has fallen 2.3% on Monday. AAPL Price ChartSources: finance.yahoo.com
Tokyo Issues Warning as Yen Depreciates, USD/JPY in Positive Territory

S&P 500 Falls By Largest Amount In 2 Months, EUR/USD Test Below Parity

Rebecca Duthie Rebecca Duthie 22.08.2022 23:45
Summary: Stock market may continue to decline. EUR/USD falls below parity. S&P 500 down 2.14% Monday As Wall Street waits for Fed Chairman Jerome Powell's address later this week and worries about inflation and a weaker economy grow, the stock market may continue to decline as the currency strengthens. On August 22, U.S. markets plunged precipitously to open the week, with the S&P 500 down 2.14% and the Nasdaq down 2.55%. The cost of gold and oil decreased as well. The S&P 500 experienced its steepest fall in two months. Last week, the market's four-week winning streak came to an end as a result of investors' increased defensiveness and anticipation of slower economic development. According to Scott Minerd, global chief investment officer at Guggenheim, if the S&P does not rise above its 200-day moving average, the equity market could experience further losses. S&P 500 Price Chart EUR/USD pushing below parity The British Pound and the Euro are having a bad day on the foreign exchange markets, as the EUR/USD and GBP/USD prices both hit new yearly lows throughout the session. Senior Strategist James Stanley talked about the Euro's problems this morning, and we covered the UK's stagflation worries last week, which have been hurting the British Pound. It's true that the British Pound and the Euro's issues may be more closely related to what's occurring in energy markets and the crisis that is developing quickly ahead of the winter months than to a resurgent US Dollar ahead of the Federal Reserve's Jackson Hole Economic Policy Symposium. The cost of energy in Europe is rising everywhere you turn. Natural gas prices in the UK and the European benchmark, Dutch TTF, have achieved (or are approaching) all-time highs. Sources: finance.yahoo.com, dailyfx.com, thestreet.com
bybit-news1

EUR/USD Falls Below Parity, Investor Expectations For BoE Spiked (EUR/GBP), GBP/USD At Risk Of Further Losses

Rebecca Duthie Rebecca Duthie 22.08.2022 17:27
Summary: EUR/USD could be moving toward a potential further fall. EUR/GBP. GBP/USD may see further losses this week. EUR/USD falls below parity The market is reflecting bearish signals for this currency pair. Testing below the parity handle, the EUR/USD is moving toward a potential further fall. Sellers have pushed hard to allow for another move-below since this level came back into play just after the Euro start this morning. Whether it can go on is the key question. Euro bears have returned for another battle at the parity handle of EUR/USD, drawing like moths to a flame. It took almost six months for this price to finally give way when it was last in action, in the second half of 2002. This is a significant psychological level. This really illustrates the influence of psychological factors as well as the significance of emotion in the market. Inflation is rampant in the Eurozone, and the ongoing conflict in Ukraine makes problems of economic policy, notably in the area of energy, more complicated. The question is whether we're approaching an abnormal market climate. EUR/USD Price Chart Pound sterling loses against the Euro The market is reflecting bullish signals for this currency pair. Late last week, despite official data that suggested retail spending held steady in the face of high inflation in the UK and another spike in investor expectations for Bank of England (BoE) interest rates, the pound lost ground against the euro. Friday's losses occurred as a result of the Dollar gaining and investors' declining risk appetite putting significant pressure on Sterling and other currencies. This prevented the Pound from benefiting from a sharp increase in UK government bond yields that was happening in the background. EUR/GBP Price Chart GBP/USD could fall further this week The market is reflecting mixed signals for this currency pair. A busy U.S. economic calendar or comments from Federal Reserve (Fed) officials might cause U.S. bond yields and the Dollar to rise even further on a burgeoning comeback, further damaging the Pound to Dollar exchange rate, which collapsed last week. Better than anticipated UK economic data and a sharp rise in market expectations for interest rates at the Bank of England (BoE) last week did not help the pound sterling, and it frequently appeared to be the most vulnerable among major currencies to rising U.S. bond yields and a rally in the dollar. GBP/USD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Binance Academy: "How to Add Fantom to MetaMask?"

Altcoins: Fantom (FTM) - What Is It? - A Deeper Look Into the Fantom (FTM) Platform

Rebecca Duthie Rebecca Duthie 22.08.2022 14:35
Summary: What is The Fantom Coin Platform and how does it work? Advantages of the Fantom Coin exchange. Fantom Coin’s past, present and future price positions. Read next: Altcoins: GameCoin (GMEX) - What Is It? - A Deeper Look Into the GameCoin (GMEX) Platform  The Fantom exchange Using its unique consensus mechanism, Fantom is a directed acyclic graph (DAG) smart contract platform that offers developers decentralized financial (DeFi) services. Fantom, which claims to have decreased transaction times to under two seconds, intends to address issues with smart-contract platforms using its proprietary coin FTM. The Fantom Foundation, which is in charge of the company's product line, was established in 2018, and OPERA, Fantom's mainnet, is scheduled to launch in December 2019. Fantom was developed as an Ethereum substitute and is an open-source decentralized smart contract platform for DApps and digital assets. By balancing scalability, security, and decentralization, Fantom hopes to overcome the drawbacks of earlier blockchain generations. In addition to a comprehensive staking incentive structure and integrated DeFi instruments, the project provides a set of tools to make the process of integrating current DApps simpler. Fantom is a Layer-1 blockchain that makes use of an independent consensus layer called Lachesis as well as a consensus mechanism that was designed from scratch to enable DeFi and associated services based on smart contracts. Other layers, like as Opera, Fantom's EVM-compatible smart contract chain, are also secured using Lachesis. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.” One of Fantom's main advantages is its speedy transaction processing, which can handle thousands of transactions per second, settle them in one to two seconds, and only cost a few cents each transaction. Fantom offers greater scalability as a result, yet at a lesser price. Lachesis protocol and Opera are the two key technologies that make up the ecosystem. The Fantom network is protected by the main consensus layer, Lachesis, which offers both transaction speed and security. An aBFT consensus engine called Lachesis employs the directed acyclic graph (DAG) algorithm. The network screens the participants, allowing only one third who are assigned due to incorrect or harmful behavior, without impairing network activities. Network data can be analyzed at various periods. The Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus technique used by Fantom ensures that the entire network operates efficiently while providing optimum security. The PoS method, according to the authors of Fantom, is a leaderless phenomena; there are no leaders of blocks or players, and anyone is free to join (or leave) the network of nodes whenever it suits them. Asynchronous, leaderless, Byzantine fault-tolerant, and nearly instantaneous finality are some of Lachesis' important characteristics. Opera is a permissionless, open-source application development layer or Fantom's mainnet deployment platform that hosts DApps. Fantom features a comprehensive set of smart contract capabilities thanks to EVM integration and support for the Solidity programming language, allowing users to smoothly connect with Ethereum platforms while keeping the benefit of Fantom's transaction efficiency. Opera adopts a PoS paradigm and leaderless validators because the Fantom Foundation found that removing block leaders enhances network security (validators do not determine which blocks are valid). Fantom is a fast, safe, and affordable payment network that enables users to send money quickly and securely for a low cost. It also has on-chain governance, where users can cast votes using FTM tokens (one token equals one vote). Users have the option to rate their agreement or dissatisfaction with the features on a scale from 0 to 4. Fantom's native utility in-house PoS coin, or FTM, is used for payments, network fees, staking, and governance throughout the ecosystem. FTM serves as the foundation of transactions and enables fee collection, staking, and the user benefits that latter activity implies. The current market capitalisation for Fantom is $739,363,515. There is a maximum supply of 2,545,006,273 FTM tokens, 2.55 billion of them are currently in circulation. Past, present and future prices of The Fantom network (FTM) The price of Fantom coin took more than 2 years to rise, the price saw an bullish trend throughout 2021 and reached its peak in early January of 2022, at a price of $3.008. Thereafter its price has been on a consistent downward trend to date. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, FTM does fall under this category. According to some analysts, the future price of The Fantom network (FTM) could reach up to $1.16 by 2025 and could see a price of more than $8.14 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. FTM Price Chart Sources: finance.yahoo.com, coinmarketcap.com, stormgain.com
OPEC+ Meeting: Saudi Arabia Implements Deeper Voluntary Cuts to Boost Oil Prices

Commodities Prices Are Falling Due To Global Economic Slowdown Concerns: Brent Crude Oil, Silver Futures, Corn Futures

Rebecca Duthie Rebecca Duthie 22.08.2022 13:54
Summary: Brent crude extends previous weeks losses. Investors favour the US Dollar. Corn crop is suffering. Brent Crude Oil extends losses In response to US President Joe Biden's talks with European allies about restarting the 2015 nuclear deal, Brent crude futures dipped below $96 per barrel on Monday, extending losses from the previous week. According to Bloomberg, Biden discussed "ongoing negotiations" toward a nuclear accord with the heads of France, Germany, and the UK on Sunday, as well as "the need to strengthen support for partners in the Middle East region." Since June, the price of oil and other commodities has also fallen due to growing concerns about a slowdown in the world economy. Major central banks are doing this by aggressively raising interest rates to stifle the inflation that is out of control. The Sichuan province extended industrial power cuts and activated its highest emergency response on Sunday to address electricity shortages, endangering regional manufacturing output while top importer China continues to be beset by economic problems. Brent Crude Futures Price Chart Silver futures extend losses Silver futures dropped to the $19.1 per ounce level, on track to end the week 8% lower, and extended previous losses to a three-week low as investors favored the US dollar over non-interest-bearing bullion assets due to the Federal Reserve's promise to fight inflation. In light of the potential for further inflation in the US economy, St. Louis Fed President Bullard stated that he is considering raising interest rates by 75 basis points for a third time in a row. According to the minutes of the July FOMC meeting, the Fed will stop providing forward guidance and base its decisions solely on the most recent data. Policymakers also concurred that interest rates must continue to rise until they reach a restrictive monetary setting as opposed to the current neutral level. Silver Sep ‘22 Futures Price Chart Corn crop quality deteriorating After the USDA's weekly report revealed that the crop's quality was deteriorating amid heatwaves in the Midwest and plains, corn futures increased to a 1-week high. The agency gave the U.S. maize crop a good to exceptional condition rating of 61%, significantly lower than experts' expectations and a drop from the previous week's rating of 64%. The crop that will be harvested in September is likely to suffer from the hot, dry weather that was present during key corn pollination. However, despite USDA predictions for increased supplies in 2022–2023 and negative demand outlook brought on by rising recession fears, corn prices are still close to an 8-month low reached on July 5. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Bed Bath & Beyond (BBBY) Crashing In The Wake Of Ryan Cohen Sold His Company Interest

Bed Bath & Beyond (BBBY) Crashing In The Wake Of Ryan Cohen Sold His Company Interest

Rebecca Duthie Rebecca Duthie 19.08.2022 17:10
Summary: Ryan Cohen pulls out of BBBY. BBBY reported to have financial difficulty. Bed Bath and Beyond Stock Ryan Cohen, a meme stock influencer, is driving down the price of Bed Bath & Beyond. After it was revealed late Thursday that Cohen's RC Ventures sold his entire interest in Bed Bath & Beyond, shares of the severely ailing company plunged 35% at market open on Friday. Cohen, who also serves as the chairman of GameStop, owned around 11.8% of the business. Cohen's departure concludes a wild trading week for a retailer who isn't too far from joining Sears, Kmart, Borders, and Circuit City in the afterlife. During Tuesday's intraday trading, the share price of Bed Bath & Beyond soared by about 70% as a result of a significant short squeeze. In a choppy day, BBBY stock ended the session up 29%. Prior to Cohen's statement during Thursday's session, shares had increased by another 17% from Tuesday's closing. The latest rise in BBBY stock was a result of the meme community once more banding together to oppose institutional forces that hold opposing views on the stock and the core business. Cohen initially revealed a 9.8% ownership in the company in March. When Yahoo Finance published a story on Monday about financial difficulty at Bed Bath & Beyond stores in New York, BBBY supporters responded with colorful commentary. B Riley downgraded its recommendation to Sell on Tuesday for Bed Bath & Beyond. This week, analysts at UBS and Wedbush confirmed their sell recommendations for the stock. BBBY Price Chart Sources: finance.yahoo.com
The British Pound Is Showing Signs Of Exhaustion Of The Bullish Force

Euro Fundamentals Unchanged (EUR/USD), Pound Sterling In Trouble In The Wake Of Disappointing Economic Data (EUR/GBP, GBP/USD)

Rebecca Duthie Rebecca Duthie 19.08.2022 16:48
Summary: Euro fundamentals appear to be unchanged. Positive US economic data. Poor U.K economic data. Markets Focused of Fed officials - EUR/USD The market is reflecting bearish signals for this currency pair. Markets focused on a variety of Fed officials as they remain unanimous in the direction of future rate hikes but divided on the terminal rate because the fundamentals of the euro appear to be unaltered for the time being. Isabel Schnabel, a member of the ECB's board, was also questioned by Reuters yesterday. In the interview, she expressed concern over the continued threats to the forecast for long-term inflation and the euro's depreciation. The ECB typically doesn't comment on currency exchange rates, but there are times when a broad trend of appreciation or depreciation can influence monetary policy goals. EUR/USD Price Chart Poor economic news putting pressure on GBP - EUR/GBP The market is reflecting bullish signals for this currency pair. After a run of dismal economic news, the British pound is in trouble: growth is lower, the labor market is slowing down, and inflation is still raging. Rates of GBP/USD have reversed their recent upward trend, while rates of GBP/JPY are sliding below multi-month trendline support and rates of EUR/GBP are rising from multi-month trendline support. Retail trader stance has recently changed, indicating a bullish bias for the EUR/GBP and GBP/JPY rates and a bearish bias for the GBP/USD rates. EUR/GBP Price Chart Positive economic data supporting USD - GBP/USD The market is reflecting bearish signals for this currency pair. Prior to the weekend, the Pound to Dollar exchange rate retreated under the 1.20 handle and was close to its yearly lows after positive U.S. economic data and hawkish remarks from Federal Reserve (Fed) officials were followed by a Dollar rally that sent Sterling and a number of other currencies into freefall. While the U.S. dollar got the better of the Pound late on Thursday and had left it trading as an underperformer by Friday even after July's UK retail sales figures came in stronger than expected by the market, Sterling had better resisted the clutches of a strengthening Dollar throughout much of the week, resulting in a resilient performance against other currencies. EUR/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Changing correlation of Bitcoin and US stocks. Brazil: Lower house of Congress approved crypto regulation bill

5 Cryptocurrencies To Keep A Watch On: SORA (XOR), Wrapped Bitcoin (WBTC), renBTC (RENBTC), GALA (GALA), Filecoin (FIL)

Rebecca Duthie Rebecca Duthie 19.08.2022 16:14
Summary: A summary of XOR, WBTC, renBTC, GALA, Fil. Proof of work, proof of stake, proof-of-history, proof-of-replication. Blockchain gamine, supranatural economic system. The SORA Platform The SORA platform is about the creation of a supranational economic system that efficiently provides capital to its users, thus, giving humanity a push forward as well as a supranational and democratic governance structure that allocates capital fairly. It is a system with two functions, the first is a new economic system that has decentralised the concept of a central bank, and secondly, it is a network that implements a new way to architect a parachain blockchain which connects to the Polkadot relay chain and ecosystem with built-in tools that focus on decentralised finance (DeFi). The SORA platform makes use of a substrate network which bridges Ethereum and will bridge Bitcoin to make cross-chain communications with both blockchains possible, whilst connecting to both Polkadot and Kusama. The SORA Parliament is the governance structure that is used for the SORA network, one of its main tasks is to allocate any newly minted XOR towards productive projects. Read more: Altcoins: SORA (XOR) - What Is It? - A Deeper Look Into the SORA (XOR) Platform  The Wrapped Bitcoin Platform Wrapped Bitcoin is the tokenized version of Bitcoin (BTC) that runs on the Ethereum blockchain, in other words it is an ERC-20 token. Through a WBTC partner, one Bitcoin (BTC) can be converted into one WBTC (and vice-versa). Wrapped Bitcoin also makes the job of the exchanges, payment services and wallets much easier that work with Ethereum, this is because the exchanges do not need to run two separate nodes of BTC and ETH networks, instead they can support WBTC operations just through the use of Ethereum node. The advantages of WTBC have aided the growth of Wrapped Bitcoin (WBTC), they have also helped construct a new sector within the crypto industry. Nowadays, more investors than ever wish to utilise WTBC services. Read more: Altcoins: Wrapped Bitcoin (WBTC) - What Is It? - A Deeper Look Into the Wrapped Bitcoin (WBTC) Platform  The renBTC platform renBTC is a ERC-20 token that runs on the Ethereum blockchain, RENBTC tokens are pegged to Bitcoin (BTC). Each RENBTC token can always be exchanged for 1 BTC, hence the RENBTC seems to maintain its value at a market rate close to Bitcoins. renBTC is minted on the Ren platform, Ren is an open protocol which allows everyone access to the inter-blockchain liquidity this function helps bring assets from other blockchains to Ethereum decentralised applications (DApps). The renBTC is a direct competitor of Wrapped Bitcoin (WBTC). Unlike other tokens that are backed by Bitcoin, renBTC is not a synthetic token and it is not reliant on any liquidation mechanisms to ensure that its value remains pegged to Bitcoin’s value, instead it is a direct supply peg, this means there are always enough BTC in a reserve to cover the circulating renBTC supply. Read more: Altcoins: renBTC (RENBTC) - What Is It? - A Deeper Look Into the renBTC (RENBTC) Platform  The GALA platform Gala Games wants to change the gaming landscape by returning ownership of the gaming experience to the gamers. Making "blockchain games you'll actually want to play" is Gala Games' goal. The goal of the project is to make it so that gamers can no longer spend hundreds of dollars on in-game items and endless hours playing games that can be taken away from them at any time with the push of a button. By providing players authority over the games and in-game assets with the aid of blockchain technology, it aims to bring back creative thinking in gaming. Gala Games is not just one game; rather, it provides a wide selection of several blockchain games that prioritize pleasure above blockchain. Town Star, the sole playable game at the moment, is a browser-based simulation of a town. Similar to SimCity's gameplay, players of Town Star truly own the town they are managing. Read more: Altcoins: GALA (GALA) - What Is It? - A Deeper Look Into the GALA (GALA) Platform  The Filecoin platform The mission of Filecoin is to "store humanity's most critical knowledge" in a decentralized database. The project's initial coin offering (ICO) garnered $205 million in 2017, and its mid-2019 launch date was once anticipated. The debut of the Filecoin mainnet, however, has been postponed until block 148,888, which is anticipated in mid-October 2020. Decentralised data storage is the goal of Filecoin. In contrast to centralised cloud storage providers like Amazon Web Services or Cloudflare, Filecoin uses its decentralised nature to safeguard the integrity of a data's location, making it simple to retrieve and difficult to censor. Proof-of-replication and proof-of-spacetime are used to protect Filecoin. In the Filecoin network, retrieval miners, also known as nodes, compete to provide data to clients as quickly as possible. A network of nodes that desire to duplicate and maintain files is thus encouraged by the payment of FIL fees. Read more: Altcoins: Filecoin (FIL) - What Is It? - A Deeper Look Into the Filecoin (FIL) Platform  Sources: fxmag.com
Gold Futures Decline, Cotton Reaching 7-week Highs, WTI Crude Futures

Gold Futures Decline, Cotton Reaching 7-week Highs, WTI Crude Futures

Rebecca Duthie Rebecca Duthie 19.08.2022 15:54
Summary: Cotton reached its highest levels in 7-weeks. Gold futures declining to 3-week lows. WTI crude falling as recessionary fears persist. Gold futures decline as Fed continues interest rate hiking Due to the US Federal Reserve's determination to maintain rising interest rates in order to reduce inflation, gold prices declined to a three-week low of $1,760 an ounce on Friday and were expected to conclude the week considerably lower. Due to the hawkish posture of the US central bank, the dollar has reached a one-month high against its main competitors, increasing the price of gold for buyers using other currencies. James Bullard, president of the St. Louis Fed Bank, stated in the most recent Fed commentary that he is considering supporting a third consecutive 75-basis point rate hike in September and that he is not yet prepared to declare that the economy has experienced the worst of the inflation spike. Gold Dec ‘22 Futures Price Chart WTI Crude trading lower amidst economic downturk fears As worries about a global economic downturn overcame indications of more solid short-term fuel demand, WTI oil futures traded lower at about $89 per barrel on Friday and are expected to decline by more than 3% this week. Commodity markets remained gripped by recessionary fears, and the US Federal Reserve planned to raise interest rates further higher to fight inflation. Investors weigh the gradual rise in Russian production against European Union import curbs on goods in December and the beginning of the following year. Oil prices fell to their lowest levels in six months this week as a result of efforts to resurrect the 2015 nuclear agreement, which could increase Iranian oil shipments by approximately 2.5 million bpd. The nation exported a record 5 million bpd of oil last week amid strong European demand, according to official data, which also showed that US crude inventories were declining and that gasoline demand was rising. This led to an increase in oil prices of roughly 4% over the previous two sessions. WTI Crude Futures Price Chart Cotton futures increased to 7-week highs As traders weighed the chances of decreased supply against those of lower demand, cotton futures increased to levels above 120 USd/Lb, the highest in more than 7 weeks. According to the most recent USDA crop report, production for 2022–2023 will drop to 12.6 million bales, which would mark a decline from 2009–2010 levels. Additionally, the new output prediction is around 19% lower than 2021–2022. In the meantime, poor weather and pest attacks in important growing regions continue to threaten cotton crops in India, another significant producer. Cotton Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Euro Energy Crisis Persists (EUR/USD), Market Expectations For The BoE Are High (EUR/GBP, GBP/CAD)

Euro Energy Crisis Persists (EUR/USD), Market Expectations For The BoE Are High (EUR/GBP, GBP/CAD)

Rebecca Duthie Rebecca Duthie 18.08.2022 17:13
Summary:Euro energy crisis.To meet market expectations, the BoE will need to raise interest rates more aggressively.GBP/CAD is expected to decline further.German energy crisis persists - EUR/USDThe market is reflecting mixed signals for this currency pair. As the energy crisis in the biggest member state of Europe persists, German energy company Uniper on Wednesday reported a startling EUR12 billion loss for the first half of 2022. The German government gave the company a EUR15 billion bailout in July in exchange for 30% of the company's shares in order to keep the energy company solvent as it struggles to survive in the face of drastically reduced gas flows from Russia. Further growth-stifling energy limitations appear probable in the weeks and months ahead as near-term energy costs continue to reach record highs across Europe. According to the most recent FOMC minutes, which were published yesterday, the Federal Reserve is committed to raising interest rates further with the caveat that "slowing the pace of policy rate increases would become appropriate at some point." The market had little to work with from the minute, and the US dollar continued to trade at a premium due to rising short-term interest rates. The markets are currently anticipating any new information or timing from the Fed at the Jackson Hole Symposium next week. EUR/USD Price ChartMarket expectations are high for the BoE - EUR/GBPThe market is reflecting bullish signals for this currency pair. To meet market expectations, the Bank of England will need to raise rates more than any other G10 central bank over the remaining months of 2022. Money market pricing now indicates that investors are prepared expecting 154 basis points of increases by the end of the year as a result of this week's UK data releases. That is asking too much of the central bank, even more than that of the Federal Reserve and the two typically hawkish antipodean central banks. It suggests that three additional 50 basis point increases will be necessary at the three upcoming sessions in September, November, and December. As a result of the Bank's 50bp increase in August, a precedent has been set, and Threadneedle Street may deliver. The ramifications for the pound sterling are huge: if it achieves this goal, the currency would probably remain supported, but another 'dovish' Bank turn that falls short of expectations might cause it to decline. EUR/GBP Price ChartGBP/CAD expected to declineAccording to a recent Swedbank estimate, the value of the pound relative to the Canadian dollar is projected to continue to decline and reach its lowest point in 22 years. The research branch of the Scandinavian lender and investment bank states that it is still concerned about the possibility of a stagflationary outlook for the UK economy, while a "hot" economy in Canada and a convincing reaction from the Bank of Canada should be favorable for the Canadian dollar. GBP/CAD Price ChartSources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Altcoins: DEEPMAZE Finance (DPZ) - What Is It? - A Deeper Look Into the DEEPMAZE Finance (DPZ) Platform

Altcoins: DEEPMAZE Finance (DPZ) - What Is It? - A Deeper Look Into the DEEPMAZE Finance (DPZ) Platform

Rebecca Duthie Rebecca Duthie 18.08.2022 16:53
Summary: What is The Deepmaze Platform and how does it work? Deepmaze’s past, present and future price positions. The DEEPMAZE Finance Platform Built on Binance Smart Chain, DEEPMAZE:DPZ is an auto-liquidity DeFi token supported by crowded pools. It fixes the DeFi ecosystem's issue with the liquidity, value, and discretion trilemma. The smart contract for DEEPMAZE performs three essential tasks: The liquidity is locked into the liquidity pools via an automated liquidity provision process. The developers have no discretion due to the architecture of ownerless community tokens. By providing holders with free token flows, crowdsourcing pool offers a novel way to address the valuation conundrum. The transactional architecture of DEEPMAZE is straightforward. DEEPMAZE is a community transaction. Every holder receives a portion of the crowdsourcing pool, after which a 5% liquidity fee is subtracted. The contract includes a lock on the collected liquidity charge. The concept of reflection-based passive staking served as the inspiration for DEEPMAZE. Although DEEPMAZE features an automatic liquidity mechanism (sell half and match), it also contains a crowded pool that is protected by contract, with users receiving payouts that are diminishing logarithmically. Users' transaction fees are thus reduced by half while maintaining the automatic liquidity and passive staking characteristics. They support open source and accountability. By BSCScan, every DEEPMAZE contract is validated. The entire source code is available online (MIT Licence). The current market capitalization of DEEPMAZE is $108,643. There is a maximum supply of 1 billion DPZ tokens, 22,580,230.00 are currently in circulation. Past, present and future prices of The Thor Chain network (THOR) DEEPMAZE hit their price peak late in January, at a price of $0.022. Since then the price has consistently fallen and is currently sitting low. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, DPZ does fall under this category. The future price of The DEEPMAZE Finance network (DPZ) is currently unavailable. In addition, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. DPZ Price Chart Sources: finance.yahoo.com, coinmarketcap.com
Australia Is Expected To Produce A Bumper Year Of Crops

Break In The US Dollar Gain Is Supporting Platinum Prices, Wheat Prices Declining, RBOB Gasoline Prices Falling

Rebecca Duthie Rebecca Duthie 18.08.2022 13:10
Summary: Falling gasoline prices amidst recessionary fears. Strong wheat supply from top growing regions. Platinum prices rising amidst weaker dollar. Platinum futures recovering from 22-month lows Following a break in the dollar gain after Fed Chair Jerome Powell suggested the possibility of reducing the pace of interest rate hikes amid contraction in the US economy, platinum futures recovered from a 22-month low that was recorded on July 14th. Foreign investors are enticed to purchase the dollar-denominated commodity by low-cost dollars. As the war in Ukraine rages and the West continues to impose economic sanctions on Russia, shipment interruptions from Russia are anticipated to keep the metal supplies lower. The Russian mining behemoth Nornickel's CEO and largest shareholder, Vladimir Potanin, was subject to sanctions earlier in June by the British government. Nornickel, with a 10% global output share, is the third-largest producer of platinum. Platinum Oct ‘22 Futures Price Chart Strong Wheat supply driving prices down The strongest supply from significant growing regions caused Chicago wheat futures to decline to below $7.5 per bushel in mid-August, the lowest level since January. Following a pact between Russia and Ukraine for secure trade routes to ease the world food shortage, vessels carrying Ukrainian grain continued to operate without incident. It is anticipated that Ukraine will sell more than 20 million tonnes of grain that have reportedly collected in port silos since its invasion began on February 24 in addition to freeing up critical storage space for the next wheat harvest. Concerns over the impact of hot and dry weather on the crop were allayed elsewhere thanks to prospects of rain in the US corn belt. Meanwhile, the USDA raised the world's supplies upward in its most recent WASDE report, boosted by projections for record production in Russia and higher output from China and Australia. US supply projections were also upgraded because strong spring wheat more than made up for declining supplies of winter and durum wheat. Wheat Futures Price Chart RBOB Gasoline futures As a result of lower gas prices weighing on service station receipts, U.S. retail sales surprisingly remained constant in July. However, consumer spending began to pick up at the beginning of the third quarter, allaying concerns the economy was in a recession. However, falling petroleum prices gave consumers more money to spend on other items including furniture, electronics, appliances, building supplies, and gardening tools. RBOB Gasoline Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Franc Records 11th Consecutive Daily Decline Against the Dollar as US Economic Concerns Mount

Dow Jones 0.5% Down On Wednesday, NZD Rose And Fell In The Wake Of RBNZ August Policy Decision

Rebecca Duthie Rebecca Duthie 17.08.2022 22:23
Summary: Dow Jones suffered in the wake of the Fed FOMC. RBNZ interest rates are now at 3%. DJI Closed in the red on Wednesday After the Fed minutes were released, the Dow Jones Industrial Average recovered from its lows. After Elon Musk, CEO of Tesla (TSLA), made a statement, Manchester United (MANU) regained a crucial level. As Bitcoin declined, so did Coinbase (COIN) and Riot Blockchain (RIOT). There weren't many breakouts among the conflict. Denbury (DEN), an energy play, was able to rise above a buy mark as its relative strength line accelerated. Also monitoring its own entrance is Wesco International (WCC). DJI Price Chart RBNZ pushed interest rates to 3% The market's reaction to the Reserve Bank of New Zealand's (RBNZ) August policy update and guidance led to a sell-off of the New Zealand Dollar. The Reserve Bank of New Zealand (RBNZ) signaled it will raise interest rates to levels higher than they had previously been expecting. On paper, the RBNZ did everything it could to back NZD bulls: it said that the economy was in good shape, that inflationary pressures were widespread, and that it would continue to raise interest rates. As the RBNZ suggested they will need to raise rates higher than they had previously thought, short-term New Zealand bond yields increased. Two additional rises of 50 basis points are now likely to occur throughout the course of 2022, and a smaller hike may occur in early 2023. The Pound to New Zealand Dollar fell by two thirds of a percent in the 15 minutes following the decision. The drop in the value of the Kiwi dollar may indicate that the market foresaw everything the RBNZ did, allowing investors to quickly shift their focus from domestic factors to international events. We observe that sentiment is low in midweek trading, with equities markets down and commodity prices falling. Even more so than the New Zealand Dollar, the Australian Dollar is also falling; in fact, it is the greatest loser of the day. Sources: poundsterlinglive.com, finance.yahoo.com, investors.com
Only Ugly US Data Could Reverse Sentiment | Gilt Yields In UK Were Steady To Lower

Disappointing July FOMC Meeting Minutes (EUR/USD), Euro Under Pressure (EUR/GBP), RBNZ Policy Update Caused NZD Sell-off (GBP/NZD)

Rebecca Duthie Rebecca Duthie 17.08.2022 22:02
Summary: NZD Sell-off. July FOMC minutes gave no hawkish surprises. Euro under pressure. FOMC meeting minutes for July The market is reflecting bearish signals for this currency pair. The much awaited release of the minutes from the July FOMC meeting turned out to be somewhat disappointing, at least for the US Dollar (via the DXY Index). The minutes contained no hawkish surprises, with one sentence standing out in particular: “Participants judged that, as the stance of monetary policy tightened further, it likely would become appropriate at some point to slow the pace of policy rate increases while assessing the effects of cumulative policy adjustments on economic activity and inflation.” Recent data indications, like the US economy's growth trajectory and the July US inflation report's reading of 0% m/m, indicating that recent Federal Reserve policy tweaks are certainly having the desired impact on aggregate demand and inflation. Rate expectations for the September Fed meeting were slightly lowered as a result of the July FOMC minutes. The likelihood of a rate increase of 75 basis points decreased from 51% yesterday to 46% today, indicating that market players are seeing the Fed's most recent statement as a confirmation of what was already known: the rate of rate increases is expected to decelerate over the upcoming months. EUR/USD Price Chart EUR/GBP currency pair The market is reflecting mixed signals for this currency pair. The European Central Bank has succeeded so far in preventing further significant downside in the EUR-crosses by maintaining its difficult balancing act of raising interest rates to combat multi-decade highs in price pressures while preventing fragmentation of sovereign bond markets (preventing peripheral debt yields from widening out relative to their core counterparts). But because energy inventories in the Eurozone are still low before the winter months, fears about growth are growing. The likelihood that the ECB will only be able to raise rates a few more times before the emphasis shifts to preventing a serious economic downturn is growing. Although the Euro's flaws have been contained, they nevertheless exist and pose a threat to the single currency. EUR/GBP Price Chart NZD sell-off in the wake of RBNZ policy update The market's reaction to the Reserve Bank of New Zealand's (RBNZ) August policy update and guidance led to a sell-off of the New Zealand Dollar. The Reserve Bank of New Zealand (RBNZ) signaled it will raise interest rates to levels higher than they had previously been expecting. On paper, the RBNZ did everything it could to back NZD bulls: it said that the economy was in good shape, that inflationary pressures were widespread, and that it would continue to raise interest rates. As the RBNZ suggested they will need to raise rates higher than they had previously thought, short-term New Zealand bond yields increased. Two additional rises of 50 basis points are now likely to occur throughout the course of 2022, and a smaller hike may occur in early 2023. The Pound to New Zealand Dollar fell by two thirds of a percent in the 15 minutes following the decision. GBP/NZD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Declines At The Close Of The New York Stock Exchange, The Drop Leaders Were Nike Inc Shares

TARGET (TGT) Earnings Miss Analyst Expectations

Rebecca Duthie Rebecca Duthie 17.08.2022 17:55
Summary: TGT share price is falling. Target earnings results missed analysts expectations. TARGET crashes amidst earning expectations miss Target’s share price is over 3.6% down on Wednesday, they earned an adjusted 39 cents per share, which came in well below analysts expectations. These results are in contrast to those of Walmart, however Target was able to maintain full year guidance. “While these inventory actions put significant pressure on our near-term profitability, we’re confident this was the right long-term decision in support of our guests, our team and our business,” said Brian Cornell, chairman and chief executive. Sales of $26.04 billion, slightly above expectations, were reported by Target (TGT) for the second quarter. Compared to Wall Street projections of a gain of 2.8%, same-store sales increased by 2.6%. In the second quarter, gross margin decreased from 30.4% to 21.5%. “This year’s gross margin rate reflected higher markdown rates, driven primarily by inventory impairments and actions taken to address lower-than-expected sales in discretionary categories, as well as higher merchandise, inventory shrink, and freight costs,” Target said. Target said current trends support its “prior guidance for full-year revenue growth in the low- to mid-single digit range, and an operating margin rate in a range around 6% in the back half of the year.” TGT Price Chart Sources: finance.yahoo.com, barrons.com
Altcoins: Thor (Thor) - What Is It? - A Deeper Look Into the Thor (Thor) Platform

Altcoins: Thor (Thor) - What Is It? - A Deeper Look Into the Thor (Thor) Platform

Rebecca Duthie Rebecca Duthie 17.08.2022 17:35
Summary: What is The Thor Coin Platform and how does it work? Advantages of the Thor Coin exchange. Thor Coin’s past, present and future price positions. Read next: Altcoins: GameCoin (GMEX) - What Is It? - A Deeper Look Into the GameCoin (GMEX) Platform  The Thor Coin Platform A multichain DeFi mechanism called Thor (THOR) distributes rewards and refunds to token holders. By exposing token holders to various multichain DeFi protocols and giving them the chance to explore and discover yield-generating solutions, the project, which is a yield farming protocol, seeks to deliver awards and daily passive returns from blockchain nodes. Yield farming is the practice of lending cryptocurrencies to platforms in an effort to maximize profits. The platform also aims to make use of a state-of-the-art node-as-a-service facility that offers consumers the chance to own a blockchain node without fuss or risk in order to produce returns and passive income. The block of data on the protocol where transactional information is recorded is referred to as a "blockchain node." The project also seeks to concentrate on engaging with various DeFi projects, staking pools, NFTs, and a variety of other carefully selected initiatives. To profit from every market situation, keep an eye out for bull and bear market trends. Thor aims to offer an unequaled yield potential by effectively combining the returns from protocol-owned liquidity with profits from DeFi protocols across numerous chains. In addition, the system was developed by veterans to generate passive revenue for the purpose of securing the future with a minimum amount of downtime. The project's native coin, THOR, has utility purposes including generating incentives via running nodes or apps. Additionally, THOR serves as a governance token to launch investments in projects that have been chosen by community vote. Thor Coin's fully diluted market capitalization is currently $34,735,047. There is a maximum supply of 20,456,743 THOR tokens. Advantages of the Thor Chain Platform 0.02 RUNE for each transaction, Synthetics are built on the THORChain platform, and they take over the network's fees. As a result, fees for each transaction are merely $0.02 RUNE. 5 Second Transactions, Depending on how rapidly new blocks are generated, transaction speed varies. Trading is quick on THORChain since transactions take only about 5 seconds. THORChain Liquidity Providers Will Receive a Higher Yield (LPs), An inflow of traders will come to THORChain as a result of affordable and quick transactions. A higher volume and more fees collected from more trades will result in a larger yield for the LPs. The development of financial instruments on top of THORChain will be made possible by THORfi — DeFi developed on THORChain Synthetics. Synthetics are required for savings, lending and borrowing, and ETFs. Consistent 20% Interest, Synthetics may be locked in vaults for a predetermined yield that automatically compounds to produce 20% interest. Loans with Self-Repayment, It will be feasible to utilize synthetics as collateral for lending and borrowing, where the debt gets automatically repaid as you go, if you want to better leverage your finances. Composites, a cover term for crypto ETFs, will be available for investors looking to diversify their portfolio. These are funds that will include various cryptocurrency combinations. The risk of investing in these funds will be lower. IBC Integration, It will be feasible to use BTC on Terra because Synthetics will be bridged to other IBC protocols. No Temporary Loss, One asset is all that is required to mint synthetics. This implies there is no risk of temporary loss and you are solely exposed to the price of the underlying asset. Much while synthetics are already amazing, the possibility of expanding upon them makes them even better. The possibilities of what you could do with them are endless, and this is only the beginning. They will alter how we play the DeFi game, that much is certain. Past, present and future prices of The Thor Chain network (THOR) Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, THOR does fall under this category. According to some analysts, the future price of The Thor Coin network (THOR) could reach up to $24.48 by 2025 and could see a price of more than $148.09 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. THOR Crypto Price Chart Sources: coinmarketcap.com, coinbase.com, brokkrfinance.medium.com, technewsleader.com
Coffee Prices Supported By Concerns Around Low Supplies, Palladium Reaching 2-week Highs, WTI Crude Oil Futures Hitting Lowest Levels Since February

Coffee Prices Supported By Concerns Around Low Supplies, Palladium Reaching 2-week Highs, WTI Crude Oil Futures Hitting Lowest Levels Since February

Rebecca Duthie Rebecca Duthie 17.08.2022 16:56
Summary: WTI Crude prices under pressure. More upward momentum for coffee futures is expected. Palladium futures. WTI Crude Oil Futures A larger-than-expected drop in US crude stocks was more than offset by rising threats of a global recession and a potential increase in Iranian supply, which kept WTI crude futures under pressure at around $86 per barrel on Wednesday, the lowest since February. In response to a "final" draft agreement on renewing the 2015 nuclear agreement, the EU said on Tuesday that it was researching Iran's answer. Analysts predicted that a prospective deal might release approximately 2.5 million bpd of Iranian petroleum to the world markets. The potential of a worldwide economic slowdown, which may significantly affect energy demand, has also remained a concern for investors. Major central banks are expected to boost interest rates further to reduce inflation. According to a report from the industry, US crude stockpiles dropped by 448,000 barrels last week, compared to market expectations of a decline of 117,000 barrels. WTI Crude Oil Sep ‘22 Futures Price Chart Coffee predicted to rise due to low stocks Due to low stocks and ongoing worries about decreased coffee yields in leading producer Brazil, Arabica coffee futures on the ICE were trading at $2.2 per pound, a level not seen in a month. The most recent data showed that 571,580 bags—a new 23-year low—were held in ICE-monitored coffee stocks. Early in February, coffee prices rose to over a decade highs of $2.6; this year, more upward momentum may be anticipated. From an earlier projection of a 1.2 million bag surplus, the International Coffee Organization (ICO) has reduced its global supply estimate for 2021/22 to a shortfall of 3.13 million bags. Additionally, ICO downgraded its projections for worldwide output while highlighting stronger global consumption. Coffee Dec ‘22 Futures Price Chart Palladium reaching 2 week highs Palladium futures increased to their highest level in over two weeks, approaching $2100 a tonne, as significant dollar-denominated commodity buying increased in response to a halt in the dollar's rally. After the Fed chair reduced expectations for more large rate hikes while lifting the interest rate as widely anticipated, the US dollar stayed near 2-month lows. As the situation in Ukraine shows no signs of ending, worries about shipping problems from Russia, the metal's primary supplier, continue to exist. Vladimir Potanin, a Russian tycoon who owns 36% of Nornickel, the largest palladium manufacturer in the world, was recently sanctioned by Britain. Palladium Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
NZD May Weaken In The Wake Of RBNZ Policy Decison, S&P 500 Retail Index Increased On Tuesday

NZD May Weaken In The Wake Of RBNZ Policy Decison, S&P 500 Retail Index Increased On Tuesday

Rebecca Duthie Rebecca Duthie 16.08.2022 23:18
Summary: Walmart and Home Depot rose. RBNZ due to give their midweek policy decision. S&P 500 end the trading day in the green The Nasdaq suffered on Tuesday as technology equities fell, weighing on the Dow, while Walmart and Home Depot rose as a result of better-than-expected results and outlooks. Along with the S&P 500 retail index, the consumer discretionary and basics sectors both experienced significant increases. Home Depot outperformed forecasts for the most recent quarter of sales, and Walmart predicted a lesser decline in full-year earnings than was originally anticipated. The 10-year Treasury yield increased, which hurt high-growth firms in the technology sector. Stocks have recovered since mid-June after stumbling for the most of the first half of the year, aided in part by Corporate America's better-than-expected results. Investors are also hopeful that the Federal Reserve will be able to provide a "soft landing" for the economy as it tightens monetary policy and increases interest rates to lower inflation that has been historically high. GSPC Price Chart NZD ahead of the RBNZ policy decision Following the Reserve Bank of New Zealand's (RBNZ) midweek policy update, analysts at investment banks Goldman Sachs and HSBC are watching for NZD depreciation. Markets anticipate that the RBNZ will increase interest rates by another 50 basis points to 3.0%, but any significant changes in the currency are more likely to be caused by the RBNZ's tone in its guidance. "Importantly, we would not be surprised to see slightly more dovish guidance from the RBNZ," says Kamakshya Trivedi, Co-head of Global Foreign Exchange Research at Goldman Sachs. The meeting, according to Goldman Sachs, is expected to be one of the major developments for the foreign exchange markets this week, and the results are most likely to support their bearish NZ Dollar thesis. Their economists continue to be less pessimistic than the market currently is about the trajectory of upcoming RBNZ rate hikes. Sources: finance.yahoo.com, poundsterlinglive.com
Forex: Possibility Of Sharp Jump In Many Trading Instruments

Euro Under Pressure As A Result Of Events In The Energy Market (EUR/USD, EUR/GBP), RBNZ Due To Announce Policy Update (GBP/NZD)

Rebecca Duthie Rebecca Duthie 16.08.2022 22:29
Summary: Eurozone's common currency depreciated. Euro currency is threatened by economic growth concerns. RBNZ midweek policy update. Euro under pressure amidst rising gas prices The market is reflecting bearish signals for this currency pair. According to economists, recent developments in the energy markets of the Eurozone support the argument for additional euro weakness. Due to events in the energy market, which revealed that European benchmark power costs had risen above €500 for the first time, the Eurozone's common currency depreciated further in comparison to recent highs against the Dollar and the Pound. Over the next months, the developments pose a potential of piling on further pressure on the businesses in the area. According to Ole S. Hansen, Head of Commodity Strategy at Saxo Bank, the gas and power situation in the EU is getting worse, which is hurting the euro. In spite of persisting supply constraints from Russia, European countries kept up the pressure on demand to fill their storage tanks before the winter, driving up gas prices. EUR/USD Price Chart Euro is threatened by economic growth concerns. The market is reflecting bullish signals for this currency pair. The European Central Bank has succeeded so far in preventing further significant downside in the EUR-crosses by maintaining its difficult balancing act of raising interest rates to combat multi-decade highs in price pressures while preventing fragmentation of sovereign bond markets (preventing peripheral debt yields from widening out relative to their core counterparts). But because energy inventories in the Eurozone are still low before the winter months, fears about growth are growing. The likelihood that the ECB will only be able to raise rates a few more times before the emphasis shifts to preventing a serious economic downturn is growing. Although the Euro's flaws have been contained, they nevertheless exist and pose a threat to the single currency. EUR/GBP Price Chart RBNZ midweek policy update Following the Reserve Bank of New Zealand's (RBNZ) midweek policy update, analysts at investment banks Goldman Sachs and HSBC are watching for NZD depreciation. Markets anticipate that the RBNZ will increase interest rates by another 50 basis points to 3.0%, but any significant changes in the currency are more likely to be caused by the RBNZ's tone in its guidance. The meeting, according to Goldman Sachs, is expected to be one of the major developments for the foreign exchange markets this week, and the results are most likely to support their bearish NZ Dollar thesis. GBP/NZD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Meme Stocks: Bed Bath and Beyond (BBBY) Stocks Soars During Tuesday Trading Session

Meme Stocks: Bed Bath and Beyond (BBBY) Stocks Soars During Tuesday Trading Session

Rebecca Duthie Rebecca Duthie 16.08.2022 22:03
Summary: BBBY stock price gained 60% on Tuesday. BBBY Stock hitting close to 5 month highs. Meme Stock Bed Bath and Beyond (BBBY) stock price Soars In choppy trading on Tuesday, shares of Bed Bath & Beyond Inc. soared 60% to a close to five-month high as retail investors flocked to the company following the disclosure of activist investor Ryan Cohen's most recent wager on the home goods retailer in a filing. During the day, the stock increased as high as 78.8% to $28.60, and trading was often suspended due to volatility. The second largest shareholder in the company and new addition to the board of directors, Cohen's investment vehicle RC Ventures, purchased call options with an expiration date of January 2023 on 1.67 million shares with a strike price ranging from $60 to $80. According to analytics company Ortex, trading in Bed Bath & Beyond, which has 50.7% of its public free float in short positions, has resulted in a short squeeze signal. The stock has increased 440% so far this month, resembling the astronomical jumps in GameStop and AMC Entertainment stock prices at the beginning of last year that devastated hedge funds who had bet against the firm. BBBY Price Chart Sources: finance.yahoo.com
Crypto: How To Estimate A Risk And Take A Profit?

Altcoins: GameCoin (GMEX) - What Is It? - A Deeper Look Into the GameCoin (GMEX) Platform

Rebecca Duthie Rebecca Duthie 16.08.2022 17:04
Summary: What is The Gamecoin Platform and how does it work? Advantages of the Gamecoin exchange. Gamecoin’s past, present and future price positions. The GameCoin Platform Any athlete in the world can create their own sports-related coins using the Game Coin platform. The platform, which enables businesses and individuals to participate in the decentralized market, was developed utilizing blockchain technology. All platform transactions are based on Game Coin, which is regarded as the platform's money. According to the whitepaper, young athletes can gain much from playing sports. Participation, however, entails significant expenses, such as coaching and program fees, travel charges, uniform costs, private sessions, etc. Most athletes do not have the opportunity to experience the potential benefits when these fees are included in. As a result, the Game Coin platform was made available to athletes. The Game Coin platform allows all the athletes to create their tokens through tokenization. Tokenization is a technique in which the asset's value gets transformed into a cryptocurrency shared and recorded on the blockchain. The networks on the platform's blockchain aim to provide advantages including lower costs, improved security, decentralization, transparency, speed, innovation, and tokenization. As they advance in their hypothetical sports marketplace, athletes can increase their token value. Through the social media network, the Game Coin platform offers the participants this chance. Athletes have access to a number of platform features that allow them to engage with and benefit from the Game Coin community. GMEX is the platform's official ticker for Game Coin. Every transaction on the site is subject to a 7% transaction fee. The transaction fee contributes to the accomplishment of the mission, and token holders are given the chance to interact, engage, compete, participate, and assess their skills and gifts on a single platform. Users can exchange "Players Cards" or sports tokens, which aim to gain value as athletes advance in their sporting careers. Additionally, when the athletes create their tokens, they can donate money to buy tokens from the entire supply. The current market capitalization for Game coin is $43,599,539. There is no maximum supply of GMEX tokens, however there is self -reported of 76.4 billion tokens. Advantages of the Gamecoin platform Offers support to athletes, Giving any athlete in the world the opportunity to construct their token on the Game Coin platform, which is presently under development, is the aim of this coin for athletes. Then, as they advance in the sport of their choice, they will have the rare opportunity to raise the value of their Player Card/Sports Token. The use of the Game Coin on the social media platform will make this possible. Increased physical activity and health The formation of social and communal relationships The facing and conquering of problems and the improvement of intellectual capacity are just a few of the advantages. Past, present and future prices of The Gamecoin network (GMEX) Gamecoin is a new coin to the crypto market and therefore does not have much price history. Its peak price was reached in October of 2021, thereafter the price dropped almost immediately and has remained low throughout 2022. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, GMEX does fall under this category. According to some analysts, the future price of The GameCoin network (GMEX) could reach up to $0.003 by 2025 and could see a price of more than $0.021 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. GMEX Price Chart Sources: finance.yahoo.com, coinmarketcap.com, coinbase.com, investsocial.com, technewsleader.com    
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

NGAS Prices Touching Near 14-year Highs, Cotton Futures Rising, Gold Futures Weighed Down By Hawkish Federal Reserve

Rebecca Duthie Rebecca Duthie 16.08.2022 16:32
Summary: NGAS futures are trading close to 14-year highs. Decreased supply vs lower demand for cotton. Gold futures falling. Demand for NGAS rising US Natural Gas futures were trading close to a 14-year high of $9.75/MMBtu reached in late July, supported by robust domestic and international demand. US Natural Gas futures were trading around this price. This summer's high temperatures in the US have been accompanied by many heatwaves, which has increased demand for air conditioners. Freeport LNG, meanwhile, announced that it started bringing in very small amounts of natural gas from pipelines and that it just reached an agreement with authorities to partially restart operations at its shut-down export terminal in Texas in October. More natural gas will be taken out of storage once flows resume, which will increase exports. The fact that the crucial Nord Stream 1 pipeline, which runs from Russia to Germany, is currently operating at 20% capacity just makes matters worse. Demand from Europe is still high. NGAS Sep ‘22 Futures Price Chart Cotton prices touching 7-week highs As traders weighed the chances of decreased supply against those of lower demand, cotton futures increased to levels above 120 USd/Lb, the highest in more than 7 weeks. According to the most recent USDA crop report, production for 2022–2023 will drop to 12.6 million bales, which would mark a decline from 2009–2010 levels. Additionally, the new output prediction is around 19% lower than 2021–2022. In the meantime, severe weather and pest attacks in important growing regions continue to threaten cotton crops in India, another key producer. Cotton Oct ‘22 Futures Price Chart Gold Futures weighed down by slowing GDP Expectations that the Federal Reserve would continue to rapidly raise interest rates despite evidence of softening inflation and slowing GDP caused gold prices to trade around $1,780 an ounce on Tuesday, down 1.3% from the previous session. Richmond Fed Bank President Thomas Barkin stated Friday in the most recent central bank commentary that the Fed will need to keep raising rates into "restrictive terrain" until he sees inflation persistently falling inside the target range for a considerable amount of time. Higher interest rates make owning non-yielding bullion more expensive, despite the fact that gold is regarded as a hedge against inflation and economic uncertainty. Gold Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Franc Records 11th Consecutive Daily Decline Against the Dollar as US Economic Concerns Mount

Euro Could Be Boosted In Coming Days (EUR/USD), UK Economic Data To Be Released This Week (EUR/GBP), CAD Fell In The Wake Of The PBoC’s Announcement (GBP/CAD)

Rebecca Duthie Rebecca Duthie 15.08.2022 23:52
Summary: EUR/USD recently hit 6-week highs. CAD proves its sensitivity to risk appetite. Could UK inflation hit double figures? EUR/USD recently reached 6 week highs. The market is reflecting bearish signals for this currency pair. A stagnant U.S. Dollar and more accommodating Chinese monetary policy may continue to boost the single euro currency in the days ahead. The Euro to Dollar exchange rate recently hit six-week highs. However, its recovery was halted by resistance on the charts. Last week, when a slew of data from the Bureau of Labor Statistics suggested that a significant slowing of U.S. inflation pressures may have started to move through the pipeline last month, the euro rose to its highest level since the first days of July. Furthermore, The unexpected decision to cut interest rates, announced by the People's Bank of China (PBoC), on Monday could help the euro this week if the PBoC permits the managed-floating Renminbi to weaken in order to boost the regional economy. EUR/USD Price Chart UK major economic data to be released this week The market is reflecting bullish signals for this currency pair. The market is unconvinced that the current trading week will aid the pound sterling in recovering against major currencies with major economic data such as the latest jobs, wages, inflation and retail sales all set to be released. Although the labor market is currently strong, there is a good likelihood that headline UK inflation will reach double digits this week. The Bank of England has already issued a warning that this year's inflation could reach 13% while the economy experiences a five-quarter slump. The UK is experiencing drought-inducing heatwaves, sky-high energy prices, and a political void in No. 10, so any more bad economic news will enrage the already irate populace. EUR/GBP Price Chart CAD fell in the wake of PBoC announcement to cut interest rates. The Pound sterling to the Canadian Dollar rallied from August lows, but could climb further if the Loonie is able to build on Monday declines, which is a busy period for both the U.S and Canada regarding economic data. After the People's Bank of China (PBoC) unexpectedly lowered interest rates in reaction to alarming local economic statistics, the Canadian Dollar fell on Monday along with other currencies that are highly sensitive to risk appetite, commodity prices, and changes in the outlook for global growth. But in light of the aforementioned, it's possible, if not likely, that the directional risk for GBP/CAD is now tilting a little more to the upside than it is to the downside. The Loonie and Sterling must now each navigate a series of domestic economic event risks that are lurking along the path ahead. GBP/CAD Price Chart
Tesla Does Not Say Much Directly About The Demand Situation, Ally Financial Sees A Slowdown In Car Loans

TESLA (TSLA) 2-for-1 Stock Split Due On 24 August

Rebecca Duthie Rebecca Duthie 15.08.2022 18:39
Summary: A three-for-one stock split has been announced by Tesla. Teslas stock price will begin trading at a third of its current value. TESLA’s stock split A three-for-one stock split has been announced by Tesla, giving investors something to look forward to this coming week. A "dividend" of two additional shares will be given to Tesla stockholders as of the conclusion of trading on August 24. The Tesla shares will begin trading the following day at the new price, which is a third of its previous value. According to one study, stocks that announce splits often outperform the market over the following 12 months by 16 percentage points. Tesla's shares, which were recently $860, will now cost closer to $285, a significant difference for regular investors. For Tesla, small investors are important. Noninstitutional investors own about 46% of the shares that are available for trade. 15% would be a comparable figure for, let's say, Alphabet. Additionally, stock splits can indicate management's confidence in the future. A firm never splits a stock that it anticipates losing value. Shares of Tesla increased by an astounding 81% between the announcement and the share trading on a new split-adjusted basis the previous time its stock was split—five for one back in August 2020. That repeating is difficult to imagine. First off, the news of this split has been well publicized for several months, and the shares have increased by approximately 25% in the past month and by 40% since their May 52-week low. TSLA Price Chart Sources: finance.yahoo.com, barrons.com
How could ongoing World Cup help Web3? Sorare, FIFA+ Collect and more explained

Altcoins: Footballcoin (XFC) - What Is It? - A Deeper Look Into the Footballcoin (XFC) Platform

Rebecca Duthie Rebecca Duthie 15.08.2022 18:05
Summary: What is The Footballcoin Platform and how does it work? Advantages of the Footballcoin exchange. Footballcoin’s past, present and future price positions. The Footballcoin platform A fantasy football game called FootballCoin makes use of its own cryptocurrency, called XFC coin. FootballCoin's major objective is to create a link between the fantasy football, cryptocurrency, and football fandoms, as well as to provide users of football managers and fantasy sports with the benefits of blockchain technology and cryptocurrencies. A digital asset called XFC (FootballCoin) serves as in-game money. On the FootballCoin BlockChain platform, a fixed and constrained amount of 1 billion XFC tokens are made available (a Bitcoin type algorithm blockchain). A game economy with no inflation is provided via a fixed and limited number of coin issuances. In the game, XFC can be used to pay the entry fee for competitions, to buy blockchain-based football player and stadium cards, and to trade on exchanges. For the objective of establishing football player and stadium cards as blockchain assets, XFC utilizes multi chain technology. The blockchain has a flexible mining method. Users from all corners of the globe are the focus of FootballCoin. The current market capitalisation for this coin is $3,067,116. There is a maximum supply of 1 billion XFC tokens, 374,660,526.03 are currently in circulation. Advantages of the Footballcoin platform Fantasy football platforms like Football coin give the chance to use NFT collectibles, One of the first online games to use blockchain technology, cryptocurrencies, and NFT collectible cards was FootballCoin, a DFS platform. During a contest week, a user who has one of these cards may use it in a variety of ways. They can add the card to their draft, rent it out, or sell it, among other options. Simply said, compared to their competitors, daily fantasy sports offer a more dynamic and competitive atmosphere. The Swap Benefit, As a result, the swap advantage will increase the economic participation of current XFC holders. They will have the biggest impact on the market's growth. But - to paraphrase a well-known superhero series - enormous power also comes with great responsibility. They must now behave properly in order to support the expansion of the FootballCoin economy and the game, which we are confident they will do. Conversion of the Footballcoins assets, Regardless of rank, the conversion maintains the same ratio for the player cards. For instance, if you already owned one Harry Kane card before the transfer, you would then have three Harry Kane cards, which you could then sell, trade, or use anyway you like. Owners of stadium cards will earn a great sum of XFC in addition to keeping their cards, as follows: stadium cards will receive 500,000 XFC if they are rated 5 stars. stadium cards with a 4 star rating will get 300,000 XFC. 3 star stadium cards will yield 150,000 XFC. You will receive 500,000 XFC, for instance, and keep your Santiago Bernabeu stadium card after the swap if you are the lucky owner of such card. Past, present and future prices of The Footballcoin network (XFC) The price of the Footballcoin (XFC) token hit its first price peak in late June of 2019, reaching a price of $0.011, thereafter the price began to fall consistently throughout the second half of 2019 and the whole of 2020. During the first quarter of 2021 XFC price increased sharply and reached an all time high price of $0.013. The price has since remained elevated but has dropped from its highest price. Since then the price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, XFC does fall under this category. According to some analysts, the future price of The Footballcoin network (XFC) could reach up to $0.036 by 2025 and could see a price of more than $0.24 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. XFC Price Chart Sources: finance.yahoo.com, coinmarketcap.com, footballcoin.io, priceprediction.net
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

Brent Crude Oil Futures Prices Dropping, Silver Futures Falling, Poor Corn Crop Health Driving Prices

Rebecca Duthie Rebecca Duthie 15.08.2022 17:33
Summary: Brent futures prices falling. Dovish fed may be improbable. Corn crop health looks dim. Brent Crude Oil consumption outlook dampened On Monday, Brent oil futures dropped another 5% to roughly $93 per barrel, closing in on February lows of $91 reached earlier this year as worries about a protracted recession impacted on the outlook for energy consumption. China, the world's largest oil importer, saw industrial production growth fall short of forecasts, indicating a slow rebound from the stringent Covid lockdowns at the end of the second quarter. The OPEC anticipated a fall in oil consumption and an increase in oil production, which disputed the opposite views from the IEA citing gas-to-oil switching for power generation. The state-run IRNA reported that Iran could accept the EU's offer to renew the Iranian nuclear deal, giving rise to hopes for more shipments from Iran in the meantime. Brent Crude Oil Futures Price Chart Silver Futures falling despite indications of slowing inflation A strengthening dollar scared investors away from the non-yielding commodity, and silver futures slid from a peak of approximately $20.9 to a low of around $20 per ounce. Despite indications that inflation was slowing, the Federal Reserve's aggressive tightening agenda was still backed by the markets. Last week, a number of Fed policymakers noted that a dovish flip is improbable. For hints about the central bank's rate path, other speeches this week and the FOMC minutes release due on Wednesday are now widely anticipated. Silver Sep ‘22 Futures Price Chart Poor Corn crop health driving prices After the USDA's weekly report revealed poor crop health amid heatwaves in the Midwest and plains, corn futures increased to a 1-week high of almost $6 per bushel. The agency gave the U.S. maize crop a good to exceptional condition rating of 61%, significantly lower than experts' expectations and a drop from the previous week's rating of 64%. The crop that will be harvested in September is likely to suffer from the hot, dry weather that was present during key corn pollination. However, despite higher supply predictions from the USDA for 2022–2023 and negative demand prospects brought on by rising recession fears, corn is still close to its 8-month low of $5.9 set on July 5th. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Robinhood (HOOD) To Be Investigated For Market Manipulation

Robinhood (HOOD) To Be Investigated For Market Manipulation

Rebecca Duthie Rebecca Duthie 12.08.2022 19:43
Summary: HOOD paused trading during a “meme stock” price surge. Potential for market manipulation. US Judge Ruled To Investigate Robinhood for market manipulation A US judge said on Thursday that trading limits put in place by the stock trading platform Robinhood Markets Inc during the boom in "meme stocks" from the previous year must be investigated for possible market manipulation. GameStop Corp., AMC Entertainment Holdings Inc., and seven other stockholders may now move forward with a planned class action lawsuit that claims the restrictions artificially lowered share values, according to U.S. District Court Judge Cecilia Altonaga's decision in Miami. The retail trading platform was the target of a number of lawsuits after temporarily prohibiting clients from purchasing certain hot stocks in January 2021, including GameStop and AMC. Due to a social media-driven rise that drove the share prices of certain companies to record highs, trading in the impacted equities was subsequently restricted by Robinhood and others, angering retail investors and shaking market confidence. Hedge funds that had bet against the meme stocks suffered significant losses as a result of the volatility. In the decision released on Thursday, the judge rejected Robinhood's move to dismiss several claims that it had manipulated the market by canceling purchase orders, selling off its customers' shares, and closing out options in order to artificially lower the values of the nine stocks. While the restrictions alone would not support a claim of market manipulation, together with "opaque and conflicting statements made to hide its lack of capital" they "evince an intent on the part of Robinhood to artificially depress share prices for its personal benefit," the judge wrote. HOOD Price Chart Sources: finance.yahoo.com
Binance Academy summarise year 2022 featuring The Merge, FTX and more

5 Cryptocurrencies To Keep A Watch On: AAVE (AAVE), Balancer (BAL), Compound (COMP), Numeraire (NMR), Gnosis (GNO)

Rebecca Duthie Rebecca Duthie 12.08.2022 17:04
Summary: A summary of AAVE, BAL, COMP, NMR, OKEx. Borrowing and lending, Interest rate protocol, automated market makers. Proof of work, proof of stake, proof-of-history, delayed proof-of-work. AAVE Platform Aave is a decentralised finance (DeFi) protocol that allows people to both borrow and lend cryptocurrencies. Lenders are able to earn interest through the depositing of digital assets into liquidity pools that are specially created. Borrowers are able to use their cryptocurrency as collateral to take out a flash loan by using this liquidity. Aave has several unique selling points in comparison to its competitors in an increasingly crowded market. During the DeFi craze in the summer of 2020, AAVe was one of the bigger projects in terms of the total amount of value that was locked into its protocol. The Aave protocol allows its users to lend and borrow 20 cryptocurrencies, giving its users a larger amount of choice. One of Aave’s flagship products are “flash loans,” which have (interestingly) been billed as the first uncollateralized loan option in the DeFi space. The catch however is that they must be paid back in the same transaction. Read more: Altcoins: AAVE (AAVE) - What Is It? - A Deeper Look Into the AAVE (AAVE) Platform  The Balancer Platform Balancer is an automated market maker (AMM), it was developed on the Ethereum blockchain, it was launched in March of 2020. Balancer managed to raise a $3million seed round by Accomplice and Placeholder. The Balancer protocol functions as a weighted portfolio that is self-balancing, liquidity provider and price sensor. Balancer allows users to earn profits through its $BAL (its newly introduced token) by contributing to customisable liquidity pools. Security is an important priority for Balancer, hence, the protocol has been audited three times, fully by ConsenSys, OpenZeppelin and Trail of Bits. It is a trustless system as there are no admin keys or backdoors and the balancer pools are not upgradeable. Balancer does not support tokens that are non-conforming to the ERC-20 standard, even though they may be in use on some pools. Read more: Altcoins: Balancer (BAL) - What Is It? - A Deeper Look Into the Balancer (BAL) Platform  The Compound Platform Compound is an algorithmic, autonomous interest rate protocol that is built for developers, to unlock a universe of open financial applications. Compound is a decentralised finance (DeFi) lending protocol, the protocol allows its users to earn interest on their cryptocurrencies through depositing them into one of the many pools that are supported on the platform. When a platform user deposits tokens into one of the Compound pools, they receive c”Tokens” in return and these represent the users stake in the pool and can be used to redeem the underlying crypto that was initially deposited into the pool at any time. The idea is that over time the exchange rate for these underlying assets to the cTokens increases, thus users redeem their cTokens for more than the value they deposited them at - this is how the interest is distributed. The Compound Platform works through the use of Yield farming, Compound lending pools, Interest, decentralised governance, use of COMP, and cTokens. Read more: Altcoins: Compound (COMP) - What Is It? - A Deeper Look Into the Compound (COMP) Platform  The Numeraire Platform Numerai is a platform that is Ethereum-based that allows both data scientists and developers to experiment and create machine learning models, with more reliability. The main goal of the Numerai platform is to introduce decentralisation to the data science field and it aims to allow developers to compete in creating effective machine learning prediction models. Numeraire powers Numerai, Numerai is a San Francisco-based hedge fund that crowdsources artificial intelligence in order to make investments in major stock markets around the world. Numeraire (NMR) tokens holders are able to stake their tokens every week based on specific predictions. Successful predictions are further rewarded with more NMR. Numerai and the Numeraire token are unique due to their creation and the idea behind it. This is reportedly the first cryptocurrency to be released and created by a hedge fund. One of the Numeraire (NMR) tokens best advantages is that it is awarded to those data scientists whose models are top performers in the Numerai tournaments. Therefore, the NMR token’s value increases as the number of entries and tournament competitors increases. Read more: Altcoins: Numeraire (NMR) - What Is It? - A Deeper Look Into the Numeraire (NMR) Platform & Trading Based On AI-Generated Market Predictions  The Gnosis Platform Gnosis (GNO) is an open-source decentralised prediction market platform that is based on the Ethereum blockchain. The company's main objectives include but are not limited to; the standard for predictive assets, customised information search and Gnosis hopes to become the most effective tool for forecasting in the industry. Gnosis is a fully permissionless decentralised exchange, its ring trade feature allows trades that share liquidity to get maximum liquidity across all orders. Trade settlements happen every 5 minutes. The Gnosis protocol V2 batch auctions offer maximum extractable value integration and protection with liquidity sources in decentralised exchanges for best-priced trades. Read more: Altcoins: Gnosis (GNO) - What Is It? - A Deeper Look Into the Gnosis (GNO) Platform  Sources: fxmag.com
Australia Is Expected To Produce A Bumper Year Of Crops

Platinum Futures Recovering, RBOB Gasoline Futures, Concerns Around Demand For Wheat Futures

Rebecca Duthie Rebecca Duthie 12.08.2022 16:47
Summary: The Fed may slow down the pace of interest rate hikes. Hot and dry weather jeopardizes wheat growth. Rising demand vs Limited supplies for gasoline. Platinum Futures Following a break in the dollar gain after Fed Chair Jerome Powell suggested the possibility of reducing the pace of interest rate hikes amid contraction in the US economy, platinum futures touched $880 per tonne, recovering from a 22-month low of $844 recorded on July 14th. Foreign investors are enticed to purchase the dollar-denominated commodity by low-cost dollars. As the war in Ukraine rages and the West continues to impose economic sanctions on Russia, shipment interruptions from Russia are anticipated to keep the metal supplies lower. The Russian mining behemoth Nornickel's CEO and largest shareholder, Vladimir Potanin, was subject to sanctions earlier in June by the British government. Nornickel, with a 10% global output share, is the third-largest producer of platinum. Platinum Oct ‘22 Futures Price Chart Chicago wheat futures As a result of the hot and dry weather that jeopardized the yield in the ongoing harvests in the growing regions of North America and Europe, Chicago wheat futures inched up to $8 in August, lingering at levels not seen in a week. Traders are awaiting Friday's WASDE data to assess the potential impact of recession concerns on demand. Although grain supplies out of Black Sea ports continued, prices were still close to the six-month low of $7.5 reached earlier in the month and remained below levels before Russia's invasion of Ukraine. After an agreement between the Ukrainian and Russian delegations opened secure trade routes to ease the world food crisis, ships carrying Ukrainian grain resumed operations. It is anticipated that Ukraine will sell more than 20 million tonnes of grain that have reportedly collected in port silos since its invasion began on February 24 in addition to freeing up critical storage space for the next wheat harvest. Chicago Dec ‘22 Futures Price Chart RBOB Gasoline Futures As the market still needs to balance rising demand and limited supplies, gas and oil prices should increase through the end of the year, according to Goldman Sachs Group Inc. As industrial companies and power generators move away from more expensive natural gas, demand for crude is expected to increase. Consumption should increase as a result of the combination of relatively reduced prices and the ongoing reopening of economies. Lack of a gasoline and diesel inventory cushion at a time when refineries are entering their maintenance season worsens the supply outlook. RBOB Gasoline Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
OPEC+ Meeting: Saudi Arabia Implements Deeper Voluntary Cuts to Boost Oil Prices

Coffee Prices Supported By Limited Stocks, Palladium Futures Reaching 2-week Highs, Upbeat IEA Report For US Crude Stocks

Rebecca Duthie Rebecca Duthie 11.08.2022 13:21
Summary: IEA raised its global forecast for global oil consumption. Limited stocks and declining coffee yields. Palladium futures reaching 2 week highs. WTI Crude Oil As investors weighed a somewhat upbeat IEA report against a higher-than-anticipated rise in US stocks and the restart of oil flows on the Russia-to-Europe Druzhba pipeline, WTI crude futures were trading around the $92-per-barrel level. The International Energy Agency has increased its forecast for global oil consumption in 2022, citing increased gas-to-oil switching due to rising power and natural gas prices. The organization also predicts that by the beginning of next year, when the EU ban goes into effect, Russia's oil production will have decreased by close to 20%. On the other hand, according to EIA data, US crude stockpiles increased by 5.5 million barrels last week instead of the 73,000 barrels that analysts had predicted. Additionally, over the last four weeks, the US gasoline demand was 6% lower than it was a year ago. In the meantime, earlier this week, flows on the Russia-to-Europe Druzhba pipeline restarted, allaying some supply concerns. WTI Crude Sep ‘22 Futures Price Chart Coffee Futures Due to limited stocks and ongoing worries about declining coffee yields in top producer Brazil, Arabica coffee futures on the ICE were trading above the $2 per pound threshold. According to the most recent data, ICE-monitored coffee stocks hit a fresh 23-year low of 591,959 bags, which is the lowest level since 1999. Given the commodity's bright prognosis, more upward momentum could be anticipated this year. Coffee prices recently touched a nearly 10-year high of $2.6. From a previous projection of a +1.2 mln bag surplus, the International Coffee Organization (ICO) has reduced its global 2020/21 supply estimate to a deficit of -3.13 mln bags. Additionally, ICO downgraded its projections for worldwide output while highlighting stronger global consumption. Coffee Dec ‘22 Futures Price Chart Palladium Futures Palladium futures increased to their highest level in over two weeks, approaching $2100 a tonne, as significant dollar-denominated commodity buying increased in response to a halt in the dollar's rally. After the Fed chair reduced expectations for more large rate hikes while lifting the interest rate as widely anticipated, the US dollar stayed near 2-month lows. As the situation in Ukraine shows no signs of ending, worries about shipping problems from Russia, the metal's primary supplier, continue to exist. Vladimir Potanin, a Russian tycoon who owns 36% of Nornickel, the largest palladium manufacturer in the world, was recently sanctioned by Britain. Palladium Sep 22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
📈 Tech Giants Soar, 💵 Dollar Plummets! Disney-Charter Truce, Wall Street's AI Warning!

US CPI Inflation Data For July Was 8.5%, Beating Expectations

Rebecca Duthie Rebecca Duthie 10.08.2022 14:38
Summary: US Inflation data is expected to be released on Wednesday. EUR/USD & GBP/USD currency pairs. Volatility in the markets. 8.5% consumer inflation. Later today, high volatility is likely to be caused by US inflation data, which is anticipated to show a modest decline in the headline measure (8.7 percent exp vs 9.1 percent prior). The US PPI data is due out on Thursday, but it is unlikely to have a significant impact on the markets given that the Fed would need to observe a significant decline in prices in order to alter its present course of temporary tightening. The US CPI Inflation data for July came in at 8.5%, declining from the 9.1% June high and beating the markets expectations of 8.7%. The fall in inflation was likely aided by a reduction in both food and gasoline prices. The result could indicate to the markets that the Federal Reserve Bank has been successful so far in their interest rate hikes to fight inflation. A stronger result would have likely increased the chances of another interest rate hike of 75 bps in the following months and would have boosted the USD, whilst a weaker result could cause the Fed to drop to a 50 bps interest rate hike next month. EUR/USD The market is reflecting mixed sentiment for this currency pair. The markets have been in a lethargic state recently with a 7-week slide in the VIX volatility index. The current state of lethargy is most likely a result of the medium-term decline in market activity. The seven-week decline in the VIX was mentioned, but there are many other noteworthy episodes from recent history where important events, some with high surprise quotients, failed to significantly move the markets. The PCE deflator, which uses the same data used to calculate the quarterly GDP statistics, is really the Federal Reserve's preferred inflation indicator. Despite this, the markets have consistently shown a strong preference for the CPI, presumably because it is released earlier and has a full week to be incorporated into market views because it is released on a Wednesday. The headline basket's annual inflation growth rate had increased to an astounding 9.1 percent pace at the time of the previous release. That is the highest reading in forty years, and it is not just due to the biggest economy in the world. This reading might meet, miss, or beat the consensus expectation (8.7%), but it is thought that a "beat" would carry the most weight. EUR/USD Price Chart GBP/USD An expert at Société Générale claims that the Pound is "in peril" and that a new decrease in the value of the Dollar is imminent. In the very near future, GBP/USD has a risk of declining below 1.20 once more "Olivier Korber, a Soc Gen strategist, states in a memo dated August 2009. The underlying rationale for the trade, according to Korber, is compelling given the unsettling predictions made by the Bank of England last week, which indicated that UK inflation was expected to peak at "an incredible 13 percent. In addition, according to economists at the Bank of England, a four-quarter recession will begin in this year's fourth quarter. According to Korber, the difference with the forecast for the U.S. economy is currently striking. Last Friday's unexpectedly upbeat US job report stands in stark contrast to the pessimistic UK economic forecast. The likelihood of a second consecutive 75bp Fed rate hike is being discussed as recession fears in the US are gradually subsiding. GBP/USD might retest 1.20 in the very near future if there is potential for more sterling short positions, warns Korber. More than doubling the 250K jobs that the market had anticipated, the U.S. economy added 528K jobs in July, which helped the U.S. dollar recover. GBP/USD Price Chart Sources: poundsterlinglive.com, finance.yahoo.com, dailyfx.com
Fed is expected to hike the rate by 50bp, but weaker greenback and Treasury yields don't play in favour of the bank

The Market Awaits US Inflation Report (EUR/USD), EUR/GBP Bullish, Canadian Dollar “skewed to the downside”

Rebecca Duthie Rebecca Duthie 09.08.2022 17:19
Summary: Market awaits US inflation reports on Wednesday. Fed and ECB will continue to hike interest rates. The Bank of Canada may decide to scale down its plans to raise interest rates. Read next: Will Tesla’s (TSLA) Stock-Split Boost Interest In Company Shares?  USD is expected to remain supported The market is reflecting bullish signals for this currency pair. As the market awaits the US inflation report on Wednesday, the Euro has remained stable on Tuesday. So far today, the EUR/USD has fluctuated only slightly, around 1.0190. In the North American session, Treasury rates decreased; today in Asia, they were flat throughout the curve. At about 106.36, the US Dollar (DXY) index is unchanged. However, Analysts at Rabobank, a Dutch-based worldwide lender and investment bank, predict that the Euro to Dollar exchange rate (EUR/USD) will decline down below the 1.0 level during the upcoming weeks. In contrast to some analysts' predictions that the Dollar's multi-month surge is coming to an end, new analysis reveals the currency will likely continue to be well supported long into 2023. EUR/USD Price Chart EUR/GBP Bullish The market is reflecting bullish signals for this currency pair. On August 4, the Bank of England increased interest rates by 50 basis points as it stepped up its campaign against inflation. "Having stepped up the pace of rate hikes, it would look odd to throttle back straight away. The Fed and ECB are likely to continue to hike at a rapid pace, and a desire to support sterling will likely drag the BoE along with them," says Goodwin. "Given the fragile backdrop, this makes rate cuts in 2023 more likely," says Goodwin. They anticipate 75 basis points of rate reductions in 2023 when it becomes apparent that the BoE overreacted. Forecasts for a weaker Pound relative to the Euro reflect this anticipation; Oxford Economics predicts that the Pound to Euro exchange rate will be at 1.16 from the end of the third quarter of 2022 through the end of the first quarter of 2023. EUR/GBP Price Chart Canadian dollar “skewed to the downside” According to foreign exchange strategists at Barclays, the forecast for the Canadian Dollar in the near term is "skewed to the downside." The Bank of Canada may decide to scale down its plans to raise interest rates, according to Barclays in its normal weekly currency strategy briefing paper. The bank also notes that the prolonged decrease in oil prices may have an impact. With a reading of -30.6k in July, according to official figures released last week, Canada experienced its second straight loss in employment, falling short of the average estimate of +15k new positions. Despite this, the unemployment rate stayed close to long-term lows at 4.9 percent, while pay growth held steady at 5.4 percent annually. GBP/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Altcoins: Stellar Lumen (XLM) What Is It? A Deeper Look Into The Stellar Lumen Platform

Altcoins: Stellar Lumen (XLM) What Is It? A Deeper Look Into The Stellar Lumen Platform

Rebecca Duthie Rebecca Duthie 09.08.2022 17:18
Summary: What is the Stellar Lumen Platform and how does it work? Advantages of the Stellar Lumen exchange. Stellar's past, present and future price positions. Read next: 5 Cryptocurrencies To Keep A Watch On: DYDX (dydx), IOTA (MIOTA), Fusion (FSN), Komodo (KMD), OKB (OKEx)  Stellar Platform The Stellar network is an open-source platform for currencies and payments. Stellar has no owner, it is said to be owned by the public. Stellar relies on the blockchain to keep the network in sync, but the end user experience is more similar to cash, the platform is much faster, cheaper and more energy efficient than most other typical platforms on the blockchain. Stellar was launched in 2014, the platform was intended to enhance the current financial system, rather than undermine or replace the one already in place. The co-founder of RippleNet, Jed McCaleb, founded the Stellar network, as a non-profit organisation, which was first named the Stellar Development Foundation. The Stellar platform is a peer-to-peer (P2P) decentralised network that is borderless, powerful and limitless. Stellars platform makes it possible to send, trade and create digital representations of all forms of money, such as dollars, pesos, bitcoin and more. The platform is designed to allow all the world's financial systems to work together on one single network. The Stellar network is designed for developers, the network has all the necessary tools needed to get a project up fast. Stellar's API and SDKs are available to help you transform the financial world. The network's currency connections could give even a small company the reach and power of an international bank. Stellars native digital currency Stellars native digital currency is the Lumen (XLM), users are required to acquire this currency in small amounts to use in making transactions and initialising accounts. Other than this fact, Stellar does not privilege any currency in particular. There are 24.85 billion XLM currently in circulation, a market capitalization of $3.325 billion and a maximum supply of 50 billion lumens. The Stellar platform maintains a high level of security, the XLM holders have to own at least one token in order to remain active on the platform. Lumens also offer protection against hackers by making microtransactions too expensive for hackers with no chance of profits, therefore Stellar is kept safe from serious threats. Advantages of the Stellar Platform Fast transaction speed: it is possible for around 2000 transactions to be processed each second, therefore, a maximum of 5 seconds is required to validate a transaction. The fast transaction speed of the platform makes Stellar an attractive tool when there is a need to make fast and secure transactions. Multi-currency support: it is possible to carry-out multi-currency transactions on the Stellar platform, to support this system Stellar makes use of an anchor system. The anchor system works by accepting any money as a deposit and a loan is issued in the desired currency. The system independently selects a profitable course. Extremely low transaction fees: unlike some other cryptocurrencies on the market, the Stellar payment platform is not designed to prioritise profits. It is possible to reduce the overall transaction fees thanks to the transaction speed and operating efficiency. Simplicity: the simplification of currency exchanges and the ease of use are benefits of the Stellar platform. Stellar is a decentralised and independent system. Stellars platform can be used in the following way With a few lines of code, users can create the following: Global Payment Apps: allow users to leverage the many currency-backed tokens that are already available on the Stellar network. Asset exchanges: users have access to Stellar’s built-in decentralised exchange for forex, cryptocurrencies or securities. Users can swap between tokens by using simple functions that are built into the protocol. Micropayment services: Stellar’s low, flat fees and fast transactions make it possible to make powerpayments of any size. Past, present and future prices In the past, Stellar has experienced many growth jumps, such as when Mercado Bitcoin announced his use of the platform. In general, it is clear that Stellar has shown price promise, however, like with most other cryptocurrencies, the XLM token does carry risk. The XLM hit a slow patch between 2019-2021. Since then the price of XLM has shown volatility. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, COMP does fall under this category. Some analysts believe that an investment in XLM can bring future passive incomes for investors. It is also believed that the price of XLM may see some strengthening going forward and join some of the other larger cryptocurrencies. It is expected that by 2026 the price could reach up to $0.34 per XLM. XLM Price Chart Sources: finance.yahoo.com, crypto-academy.org, stellar.org, coinmarketcap.org, gobankingrates.com, cryptonewsz.com
This Week's Tesla Stock Split Could Be The Best Moment To Buy The Stock! Twitter Stock Price Plunged!

Will Tesla’s (TSLA) Stock-Split Boost Interest In Company Shares?

Rebecca Duthie Rebecca Duthie 09.08.2022 16:51
Summary: Tesla 3-for-1 stock split approved by shareholders. Read next: Commodities: NGAS Declining Amidst Weaker Demand Prospects, Cotton Rising, Gold Futures Increasing  Tesla 3-for-1 stock split On August 4, Tesla (TSLA) shareholders approved the proposed 3-for-1 stock split. On August 25, Tesla stock will start trading at the revised split price, and the number of outstanding shares will rise to 4 billion. The Tesla stock split is thought to boost interest in the company's shares. Tesla announced Q2 profits in July that exceeded expectations. The next day, shares increased 10%. In advance of the news of the anticipated Tesla stock split, they have continued to rise. For the first time since early May, Tesla shares surpassed the 50-day moving average on July 8. The current attempt to get over the 200-day line is encountering resistance. Stock is still much below previous highs. The day following the Tesla stock split vote, the price of Tesla stock fell by 6.6 percent on above-average activity. Shares are not at a good time to buy them right now. According to MarketSmith's analysis of the daily chart, shares are in a lengthy consolidation with a 1,208.10 buy point. Although the stock needs more time, a narrow trading range around current levels may result in an alternative entry for aggressive traders. TSLA Price Chart Sources: finance.yahoo.com, investors.com
Central Banks' Rates Outlook: Fed Treads Cautiously, ECB Prepares for Hike

Commodities: NGAS Declining Amidst Weaker Demand Prospects, Cotton Rising, Gold Futures Increasing

Rebecca Duthie Rebecca Duthie 09.08.2022 15:09
Summary: NGAS prices declining amidst prospects of declining demand. Market expectations set at 75 bps rate hike for September. Cotton futures rising to 2 week highs. NGAS Futures US natural gas futures continued to decline below the $8.0/MMBtu barrier, under pressure from expectations that collapsing demand will ease as a result of cooler weather and record output levels as domestic producers profited from higher pricing. The gloomy prognosis was also strengthened by a larger-than-expected build in gas storage last week. The week ending July 29th saw US utilities add 41 billion cubic feet of gas to storage, much exceeding the forecast of 29 bcf. Additionally, Freeport LNG, a significant Texas export terminal, has reached an agreement with regulators to resume operations in October. As the crucial Nord Stream 1 pipeline from Russia to Germany is now operating at 20 percent capacity, demand from Europe is still helping to support prices. For refusing to accept its demand for payment for natural gas in Russian rubles, Russia has already stopped exports to Denmark, Finland, Bulgaria, the Netherlands, and Poland and cut supply to Germany. Natural Gas Sep ‘22 Futures Price Chart Gold Futures As investors anticipated US inflation data later this week that could provide additional hints on the Federal Reserve's rate hike trajectory, gold traded just around $1,790 an ounce on Tuesday after varying between $1,765 and $1,795 over the previous four days. The annual inflation rate is anticipated to have decreased from 9.1 percent in June to 8.7 percent, and a large surprise to the downside might trigger a surge in gold prices. According to a New York Federal Reserve study released on Monday, American consumers' expectations for inflation over the next year and the next three years have significantly decreased. The US economy unexpectedly added 528,000 jobs in July, which is more than double the 250,000 jobs that economists had forecast, according to figures released last week. The Fed will deliver another 75 basis point rate boost in September, according to market expectations. Gold Dec ‘22 Futures Price Chart Cotton Futures Due to active buying from weavers, cotton futures on ICE reached 102 cents per pound, the highest level in more than 2 weeks. As companies anticipate a shortage of cotton yarn during the current cotton season, which runs until September 2022, higher production in the fabric and apparel segments and slower production in the spinning mills encouraged purchase. Additionally, the USDA noted decreased projections for US output, exports, and ending stocks for the years 2022–2023 in its July monthly report due to the possibility of dry weather in Texas. The pink bollworm pest, which this year attacked earlier than anticipated in Punjab and Haryana due to the lack of rainfall in the early part of the planting season, is another threat to cotton crops in India. Cotton Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
S&P 500 Ends Monday -0.12%, US Dollar Ahead Of Inflation Data

S&P 500 Ends Monday -0.12%, US Dollar Ahead Of Inflation Data

Rebecca Duthie Rebecca Duthie 08.08.2022 22:42
Summary:U.S. stocks experienced a mixed day ahead of inflation data.US Dollar ahead of inflation data.S&P 500Following the Senate's passage of a comprehensive plan on renewable energy and healthcare, U.S. stocks experienced a mixed day ahead of inflation data that would shed further light on the economy's trajectory and the effectiveness of the Federal Reserve's rate hikes to combat inflation. The S&P 500 and Nasdaq Composite also rose last week, and Monday's movements come after some recession worries were allayed by a surprise positive monthly jobs report. The labor market's strength also suggested that the economy might survive additional Fed rate increases.US Dollar Ahead of inflation dataThe Euro to Dollar exchange rate suffered defeats this week from both near and distant, but if this Wednesday's U.S. inflation data further incenses a still-hawkish Federal Reserve (Fed), it might send the rate back into its laws from July. In the first session of last week, the Euro got dangerously close to the 1.03 handle versus a declining Dollar, but an attempt at a rebound was again thwarted by what appear to be escalating concerns to energy supplies in Germany and several other European nations.The euro has stabilized versus the U.S. dollar in recent weeks following a large sell-off earlier this year, but has been unable to mount a significant comeback due to a dearth of supportive fundamentals. In this aspect, the common currency has faced challenges that have limited its upward performance versus the dollar, including the oil crisis in Europe, regional economic instability, and the ECB's unwillingness to raise rates fast.Sources: finance.yahoo.com, fxmag.com, thestreet.com
Meme Stocks Amongst Monday’s Top Performers

Meme Stocks Amongst Monday’s Top Performers

Rebecca Duthie Rebecca Duthie 08.08.2022 22:35
Summary: Meme Stocks are having yet another moment. Read next: S&P 500 Ends Monday -0.12%, US Dollar Ahead Of Inflation Data    Meme stocks surging on Monday Meme stocks are, once again, having a moment. The shares of meme stocks Game stop (GME), Bed, Bath & Beyond (BBBY) and AMC (AMC) were all rising as of Monday morning, with the exception of increasing interest in these names from the traders on Reddit's Wallstreetbets message board, which investors first became familiar with in the beginning of 2021. AMC, Bed, Bath & Beyond, and GameStop are the three most popular tickers on the subreddit as of Monday morning, according to statistics from Ape Wisdom, a website that counts ticker mentions on Wallstreetbets threads. Bed, Bath & Beyond shot up as much as 50% while GameStop and AMC shares were both higher by more than 15%. Shares of GameStop and AMC were both halted for volatility in the opening minutes of trading. Sources: finance.yahoo.com
The EUR/USD Pair Maintains The Bullish Sentiment

FOREX: U.S Inflation Data Due Wednesday (EUR/USD), BoE Economic Forecasts Downgrades (EUR/GBP), Potentially Hawkish BoC (GBP/CAD)

Rebecca Duthie Rebecca Duthie 08.08.2022 20:30
Summary: The euro is battling to mount significant gains against the USD. BoE’s economic downgrades. Market expectations for a hawkish BoC. Read next: Meme Stocks Amongst Monday’s Top Performers  EUR/USD suffered defeats this week The market is reflecting mixed signals for this currency pair. The Euro to Dollar exchange rate suffered defeats this week from both near and distant, but if this Wednesday's U.S. inflation data further incenses a still-hawkish Federal Reserve (Fed), it might send the rate back into its laws from July. In the first session of last week, the Euro got dangerously close to the 1.03 handle versus a declining Dollar, but an attempt at a rebound was again thwarted by what appear to be escalating concerns to energy supplies in Germany and several other European nations. The euro has stabilized versus the U.S. dollar in recent weeks following a large sell-off earlier this year, but has been unable to mount a significant comeback due to a dearth of supportive fundamentals. In this aspect, the common currency has faced challenges that have limited its upward performance versus the dollar, including the oil crisis in Europe, regional economic instability, and the ECB's unwillingness to raise rates fast. EUR/USD Price Chart BoE shocked the market with sharp economic downgrades The market is reflecting bullish signals for this currency pair. The Bank of England (BoE) shocked the market last week with sharp downgrades to its economic forecasts, which put Sterling on the back foot and put it at risk of slipping into a cluster of technical support levels around 1.18 in the coming days. As a result, the Pound to Euro exchange rate was muted. The pound sterling was a little firmer this morning against the U.S. dollar and the euro, respectively. The new leader of the British Conservative Party and the British Prime Minister, both named Sunak and Truss, have been the subject of much discussion (tax cuts). Tax cuts may increase already high inflationary pressures, which could lead to additional interest rate increases from the Bank of England. Tax cuts are intended to promote economic growth inside the UK (BoE). EUR/GBP Price Chart GBP/CAD currency pair Last week, U.S. economic data, the U.S. Dollar, and a strong Loonie combined to drag the Pound to Canadian Dollar rate down toward 1.55 and a level that may continue to exert a gravitational pull in the days to come. This prevented the rate from rising above near 10-year lows. Although the unemployment rate in Canada remained at 4.9 percent and wages continued to grow at an annualized rate of 5.2 percent in July, the economy still lost jobs for a second consecutive month. This may have led the market to believe that the Bank of Canada (BoC) will likely maintain the more aggressive monetary tightening and interest rate policy implemented in recent months. GBP/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
US and European Equity Futures Mixed Amid Economic Concerns and Yield Surge

Brent Crude Oil Price Falls With Demand Prospects, Poor Corn Crop Health In the Midwest, Silver Futures

Rebecca Duthie Rebecca Duthie 08.08.2022 19:42
Summary: China’s oil purchases are down 9.5% compared to a year ago. Poor Corn Crop health in the wake of extreme weather conditions. Fed continuing to stress the importance of keeping inflation low. Read next: 5 Cryptocurrencies To Keep A Watch On: DYDX (dydx), IOTA (MIOTA), Fusion (FSN), Komodo (KMD), OKB (OKEx)  Brent Crude Oil prices dropping as demand prospects fall Amid a dimming demand picture, Brent crude futures were trading around the $94 per barrel level. Refiners lowered inventories amidst a slower-than-anticipated demand rebound, according to data released over the weekend, which revealed that China, the biggest crude importer in the world, purchased 9.5% less oil in July than a year earlier. Last week's US government results were followed by weak Chinese data that indicated rising US crude stocks and falling gasoline consumption. Nevertheless, encouraging US labor and Chinese export statistics reduced some worries about a world recession that would sap demand. Brent Crude Futures Price Chart Corn prices close to 8-month lows After the USDA's weekly report revealed poor crop health amid heatwaves in the Midwest and plains, corn futures increased to a 1-week high of almost $6 per bushel. The agency gave the U.S. maize crop a satisfactory to exceptional condition rating of 61%, far below than experts' expectations and down from 64% a week earlier. The crop that will be harvested in September is likely to suffer from the hot, dry weather that was present during key corn pollination. Corn prices, however, are still close to an 8-month low of $5.9 set on July 5th due to USDA predictions for greater supplies in 2022–2023 and negative demand outlook brought on by escalating recession fears. Corn Dec ‘22 Futures Price Chart Silver prices remain subdued Ahead of this week's US inflation reading, silver futures remained steady at the $20.1 per ounce level, following other bullion to move slightly higher with a decline in risk sentiment. Even still, prices stayed below the $20.3 one-month high set earlier in the month as hawkish views for the Fed increased in the wake of numerous policymakers stressing the importance of bringing inflation down. More than twice as many jobs were added in the US economy in July as analysts had predicted, and the unemployment rate surprisingly crept down to 3.5%. The data caused markets to speculate that the Fed will raise rates by 75 basis points for the third time in a row at its upcoming meeting, which attracted investors to the US dollar and away from bullion. Silver Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
5 Cryptocurrencies To Keep A Watch On: DYDX (dydx), IOTA (MIOTA), Fusion (FSN), Komodo (KMD), OKB (OKEx)

5 Cryptocurrencies To Keep A Watch On: DYDX (dydx), IOTA (MIOTA), Fusion (FSN), Komodo (KMD), OKB (OKEx)

Rebecca Duthie Rebecca Duthie 08.08.2022 16:32
Summary: A summary of DYDX, MIOTA, FSN, KMD, OKEx. Perpetual trading, NFTs, Virtual worlds. Proof of work, proof of stake, proof-of-history, delayed proof-of-work. The DYDX Platform Dydx is a decentralised trading platform that is used for cryptocurrency margin trading for assets such as ETH, BTC, SOL, DOT and more. The bulk of the trading happens on the Ethereum blockchain, however, with the recent launch of layer 2, the Dydx exchange can be used for inexpensive, instantly settled trades. Dydx has successfully filled a niche market in the world of cryptocurrencies. Dydx is a leading crypto exchange that supports perpetual trading. It trades on the ethereum block chain using smart contracts and no intermediaries. Perpetual trading on cryptocurrencies are financial derivatives that enable traders to bet on crypto asset price movements, using leverage without owning the underlying asset. Some advantages of using this method are: Increased flexibility of trades by allowing both long and short trades. Increased leverage. Dydx is aiming at trading for everyone. They are building an open platform for crypto financial products, which is powered by the Ethereum blockchain. The IOTA Platform The IOTA pl​​atform is a distributed ledger: it isn't actually a blockchain. Instead its proprietary technology is known as Tangle, which is a system of nodes that confirm transactions. The foundation that this platform rests on claims it offers greater speeds than conventional blockchains - a footprint that is ideal, especially in the ever-expanding Internet of Things ecosystem. Due to the fact that it is not a blockchain, IOTA does not have miners and therefore does not have any fees. Many networks that are established see costs inflate as congestion on the network intensifies, however IOTA aims at providing limitless throughput at minimal expenses. Read more: Altcoins: IOTA (MIOTA) - What Is It? - A Deeper Look Into the IOTA (MIOTA) Platform  The Fusion Platform Fusion describes itself as an all-inclusive blockchain based financial platform that offers cross-chain, cross data source and cross-organisation services through making use of smart contracts. The Fusion project makes use of the Hierarchical Hybrid Consensus Mechanism (HHCM), which amalgamates elements from proof-of-stake (PoS), proof-of-work (PoW) and parallel computing, this is done with the goal of creating a safe and efficient platform. Fusion leverages Distributed Control Right Management (DCRM) as an extra layer of security, DCRM protects crypto assets on the Fusion blockchain. The distributed storage and sharding of a private key ensures that no single node has the ability to gain control of assets. Fusion also provides for multiple triggering modes, such as event-based and time-based triggers, these are included in their smart contracts, which were designed to meet the demands of complex smart contracts. Read more: Altcoins: Fusion (FSN) - What Is It? - A Deeper Look Into the Fusion (FSN) Platform, An Interoperable Ecosystem For Financial Innovations  The Komodo Platform Komodo is an open-source technology provider that offers enterprises and developers all-in-one blockchain solutions. Komodo builds technologies that make it possible for anyone to launch cross-protocol financial applications, branded decentralised exchanges and independent blockchains. Komodo’s flagship, end-user application is AtomicDEX which is a non-custodial multi-coin wallet, bridge and DEX rolled into one app. AtomicDEX is compatible with 99% of the cryptocurrencies currently in existence and offers the widest cross-chain, cross-protocol trading support of any decentralised exchange. Komodo is the creator of the delayed proof-of-work (dPoW) which is the industry-leading 51% attack security network. Powered by Litecoin cross norarisations and is backed by a notary node network, currently dPoW secures more than 30 blockchains. Komodo also provides its own native multi-chain blockchain network that allows anybody to launch a blockchain of their own, that is independent of the Komodo blockchain, this blockchain is called a Komodo Smart Chain (KSC) and runs separately from the KMD chain. Each KSC has its own coin, has fully customisable parameters and faces zero gas fees. Read more: Altcoins: Komodo (KMD) - What Is It? - A Deeper Look Into the Komodo (KMD) Platform  The OKB crypto platform OKB is a cryptocurrency that was released by the OK Blockchain and Maltese crypto exchange, OKEx. The exchange is one of the largest in the world and is currently ranked third in terms of liquidity, fourth in terms of trading volume the platform also provides a wide variety of trading pairs for its users. OKEx is similar in many ways to the cryptocurrency giant, the Binance protocol, however, there are a few differences separating the two. The OKEx facilitates its own cloud mining services, and the company also has focused reach when it comes to providing trading options for its users. OKB is the OKEx utility trading token, the token enables the platform's users to access the exchanges special features. The OKB token is used when calculating and paying fees, rewarding its users for holding OKB and to give users access to voting and governance within the platform. Read more: Altcoins: OKB, OKEx- What Is It? - A Deeper Look Into the OKB (OKEx) Platform  Sources:fxmag.com
Gold Retreated From It’s Daily Highs, Concerns Around WTI Crude Demand Continue, Tight Coffee Supplies Driving Prices

Gold Retreated From It’s Daily Highs, Concerns Around WTI Crude Demand Continue, Tight Coffee Supplies Driving Prices

Rebecca Duthie Rebecca Duthie 05.08.2022 18:22
Summary: A higher than anticipated payroll report prompted market movements. Continued concerns around the demand for crude oil amidst economic recession fears. Coffee Futures. Gold Futures retreat from daily highs The combination of a stronger dollar and rising Treasury yields caused gold to retreat from its daily highs of $1,795 an ounce to roughly $1,760 on Friday. Market movements were prompted by a payroll report that was higher than anticipated, which opened the door for the Federal Reserve to take an assertive posture to temper an overheating economy. Persistent worries about a worldwide economic slowdown and heightened US-China tensions over Taiwan acted as a floor under prices. Gold Dec ‘22 Futures Price Chart WTI Crude Oil futures WTI crude futures were trading close to $89 a barrel, slightly up from the 6-month low of $87.5 recorded on Thursday, but still on track to lose over 10% weekly and erase all the gains brought about by Russia's invasion of Ukraine. There are growing worries that the demand would be significantly impacted by a worldwide economic recession. Official data revealed that US gasoline demand plummeted significantly below pre-Covid seasonal norms last week, while US crude inventories unexpectedly increased. Additionally, there are indications that supply is increasing because Libya's oil production increased for a second consecutive week. The decline this week also occurred in spite of Saudi Arabia hiking oil prices to record levels for Asian consumers and OPEC's decision to only slightly increase oil supply for September while announcing "severely constrained" spare capacity. WTI Crude Sep Futures Price Chart Coffee stocks limited Due to limited stocks and ongoing worries about declining coffee yields in top producer Brazil, Arabica coffee futures on the ICE were trading above the $2 per pound threshold. According to the most recent data, ICE-monitored coffee inventories have reached a 23-year low of 712,817 bags. Given the bullish outlook for the commodity, additional upward momentum could be anticipated this year. Coffee recently hit a nearly 10-year high of $2.6. From a previous projection of a +1.2 mln bag surplus, the International Coffee Organization (ICO) has reduced its global 2020/21 supply estimate to a deficit of -3.13 mln bags. Additionally, ICO downgraded its projections for worldwide output while highlighting stronger global consumption. Coffee Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
FTSE 100 Closes Trading In The Green, GBP/AUD Attempting Price Recovery

FTSE 100 Closes Trading In The Green, GBP/AUD Attempting Price Recovery

Rebecca Duthie Rebecca Duthie 04.08.2022 02:49
Summary:FTSE 100 index sees gains at market close.FTSE 100As tensions between the US and China temporarily subsided, traders were able to concentrate on positive equity updates, which helped London's markets close off the day with significant gains. As Nancy Pelosi, the speaker of the US House of Representatives, departed for South Korea early on Wednesday, worries over China's response to her visit to Taiwan diminished. The FTSE 100 finished the day at 7,445.68, up 36.57 points or 0.49 percent. "Recession worries have also significantly decreased, and the strength of the oil price suggests that investors are once again feeling upbeat. This, together with strong results from Taylor Wimpey, have "served to keep the FTSE in positive territory and have helped to alleviate some of the anxiety over the UK economy. Following an increase to the upper end of estimates in its full-year earnings outlook, Taylor Wimpey was one of the index's top gainers. FTSE Price ChartPound Sterling Is Expected to strengthen against the Australian Dollar In the first few days of August, the Pound to Australian Dollar exchange rate further reversed its July decline, but it may find it difficult to move much further than the nearby 1.76 level in the absence of a further support from the Bank of England (BoE) this Thursday. Following the latest Reserve Bank of Australia (RBA) monetary policy announcement on Tuesday, which helped push GBP/AUD to one-month highs, the Australian Dollar was one of the major currencies that underperformed for the week ending on Wednesday.Sources: finance.yahoo.com, poundsterlinglive.com
Warner Bros. (WBD) Plans Lay-Offs

Warner Bros. (WBD) Plans Lay-Offs

Rebecca Duthie Rebecca Duthie 04.08.2022 02:33
Summary: Warner Bros. plans layoffs. Read next: Altcoins: Potcoin (POT) - What Is It? - A Deeper Look Into the Potcoin (POT) Platform  Warner Bros. earnings report due Thursday A lot of questions need to be addressed ahead of Warner Bros. Discovery (WBD) earnings release report on Thursday. According to The Wrap, which quoted "several insiders," the three-month-old streaming conglomerate, which is scheduled to announce its first quarterly earnings following the $43 billion merger, aims to eliminate 70% of its development division. Sources told The Wrap that CEO David Zaslav, who is renowned for his cost-cutting leadership style, would announce a significant reorganization of both HBO Max and Discovery+ either during the earnings results or shortly after. This news has fanned speculation regarding the future of HBO Max. In order to reduce redundancies with HBO, the move "will result in a gutting of HBO Max, massive layoffs for its executives and staff, and a consolidated streaming service with Discovery+," according to the source. The source asserts that the distinction between scripted and unscripted content will become more distinct. When the market closed on Wednesday, the stock had increased by 4.5 percent, but after-hours trading was largely unchanged. WBD Price Chart Sources: finance.yahoo.com
Navigating the Inverted Yield Curve: Implications for Currencies and Central Banks User

US ISM Data Defied Market Expectations (EUR/USD), GBP Strengthened Ahead of BOE Policy Decision (EUR/GBP, GBP/AUD),

Rebecca Duthie Rebecca Duthie 04.08.2022 02:09
Summary: The US Dollar made intraday gains on Wednesday. Markets awaiting BOE policy decision. GBP/AUD attempting recovery. Read next: Palladium Prices Touching Two-Week Highs, OPEC+ Increasing Crude Supply Of WTI Crude Oil, Coffee Supply Outlook Seemingly Poor  USD supported by US ISM data The market is reflecting bearish signals for this currency pair. After the Institute for Supply Management (ISM) Services PMI defied market expectations by increasing for the month of July in contrast to the alternative barometer compiled by S&P Global, the U.S. Dollar recovered earlier losses to make intraday gains over various other major currencies. The sharp increases in new orders and overall business activity within the biggest and most significant sector of the U.S. economy's largest and most important sector led to Wednesday's release of the ISM services sector index rising from 55.3 to 56.7 for last month, surprising the currency and bond markets. The Fed will decide in September whether to lower the size of the increments in which it is raising U.S. interest rates. Chairman Jerome Powell indicated last Wednesday that they would take a range of economic indicators into account, causing a significant decline in the value of the dollar. EUR/USD Price Chart BoE Policy rate decision due The market is reflecting mixed signals for this currency pair. The Pound sterling has strengthened ahead of the Bank of England (BoE) interest rate decision. Following the Bank of England report on Thursday, Barclays' foreign exchange analysts predict that the British Pound would likely decline; however, Goldman Sachs is more optimistic about the UK currency's prospects, particularly when compared to the Euro. Before announcing its most recent inflation and economic growth projections, the Monetary Policy Committee of the Bank of England is anticipated to announce another interest rate increase.Through the later part of July and the beginning of August, the Pound strengthened against both the Euro and the U.S. Dollar. The main test for the currency will be the size of the hike announced and the nature of those expectations. EUR/GBP Price Chart GBP/AUD attempting recovery The GBP/AUD currency pair is attempting recovery of the declines experienced in July. In the first few days of August, the Pound to Australian Dollar exchange rate further reversed its July decline, but it may find it difficult to move much further than the nearby 1.76 level in the absence of further support from the Bank of England (BoE) this Thursday. Following the latest Reserve Bank of Australia (RBA) monetary policy announcement on Tuesday, which helped push GBP/AUD to one-month highs, the Australian Dollar was one of the major currencies that underperformed for the week ending on Wednesday. GBP/AUD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundtserlinglive.com
German industrial production slumps for third straight month, raising recession risk

Altcoins: Potcoin (POT) - What Is It? - A Deeper Look Into the Potcoin (POT) Platform

Rebecca Duthie Rebecca Duthie 04.08.2022 01:40
Summary: What is The Potcoin (POT) Platform and how does it work? Advantages of the Potcoin exchange. Potcoin’s past, present and future price positions. Read next: 5 Cryptocurrencies To Keep A Watch On: Axie Infinity (AXS), SHIBA-INU (SHIB), Klaytn (KLAY), Sandbox (SAND), Chronoly (CRNO)  The Potcoin (POT) Exchange A cryptocurrency called PotCoin was developed to fill a banking gap in the legal marijuana sector. Customers can purchase cannabis products anonymously with PotCoin as well. PotCoin was designed as a cryptocurrency that makes transactions in the legal cannabis industry more quick, easy, and secure. Three enthusiasts using the online aliases Hasoshi, Mr. Jones, and Smokemon 514 released PotCoin in January 2014. They were later identified as Montreal-based developers Joel Yaffe and Nick Iverson. PotCoin is a specialized coin that is only used by the legal marijuana sector. The nearly complete lack of banking services available to legal cannabis enterprises in the US is a major driver of the need for PotCoin. Financial institutions are generally forbidden from offering their services to businesses that handle Schedule I narcotics like cannabis because cannabis is still illegal at the federal level in the United States. The proof-of-stake-velocity (PoSV) protocol is the operating system used by the PotCoin blockchain. PoSV, a variant on the more popular proof-of-stake algorithm, rewards coin holders for regularly conducting transactions with their cryptocurrency. Proof of work was PotCoin's operational protocol up until 2015. Similar to Litecoin, potcoin has minimal transaction costs and quick processing times. But unlike Bitcoin and Ethereum, PotCoin does not have a sizable user base, which makes it less liquid and more price volatile. Large price swings can be caused by news stories about the cannabis sector. There are other cannabis-focused cryptocurrencies like CannabisCoin and DopeCoin, though PotCoin is one of the most popular at the moment. There is a maximum supply of 420,000,000 POT coins, 227,647,383 of those are currently in circulation. The current market capitalisation of $584,020. Advantages & disadvantages of the Potcoin exchange Advantages: With the use of PotCoin, cannabis consumers and sellers can perform online transactions directly without the assistance of conventional financial institutions. Growing cannabis businesses that need access to fundamental banking services are served by PotCoin. The anonymous purchasing of marijuana flower and related products is supported by PotCoin. Despite being a little coin, PotCoin has a wallet. Disadvantages: The cannabis sector represents the sole use case for PotCoin. It could be difficult for those who are unfamiliar with cryptocurrencies to use PotCoin. PotCoin is an illiquid cryptocurrency because of its erratic market price and small trading volume. Transactions involving PotCoin might be de-anonymized by federal investigators. Past, present and future prices of The Potcoin network (POT) The price of Potcoin (POT) took off early on in 2018, reaching its all time high price of $0.39, thereafter the price fell over the course of 2018, and remained low throughout 2019 and 2020. During the first half of 2021, POT’s price increased slightly, however dropped and has remained low since. The volatility in its price has since staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, POT does fall under this category. According to some analysts, the future price of The Potcoin (POT) network could reach up to $0.011 by 2025 and could see a price of more than $0.071 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. POT Price Chart Sources: finance.yahoo.com, coinmarketcap.com, fintechmagazine.com, technewsleader.com
Palladium Prices Touching Two-Week Highs, OPEC+ Increasing Crude Supply Of WTI Crude Oil, Coffee Supply Outlook Seemingly Poor

Palladium Prices Touching Two-Week Highs, OPEC+ Increasing Crude Supply Of WTI Crude Oil, Coffee Supply Outlook Seemingly Poor

Rebecca Duthie Rebecca Duthie 03.08.2022 15:15
Summary: EIA data due later today. Concerns around shipping Palladium from Russia persist. ICO downgraded its projections for worldwide output while highlighting stronger global consumption. Read more: 5 Cryptocurrencies To Keep A Watch On: Axie Infinity (AXS), SHIBA-INU (SHIB), Klaytn (KLAY), Sandbox (SAND), Chronoly (CRNO)  WTI Crude Oil After it was revealed that OPEC+ would only increase crude supply by 100,000 bpd for the following month, WTI crude futures reversed early losses to rise more than 1% to $96 per barrel. While in Saudi Arabia last month, US President Joe Biden urged OPEC to enhance production, but due to capacity issues and some member states' failure to achieve output targets, it seemed unlikely that there would be a large increase in supplies. In July, OPEC increased its daily oil production by 310,000 barrels, with only Saudi Arabia and the UAE reportedly having some remaining production capacity. EIA data that will be made public later today should shed some light on how a downturn in the economy would affect demand. WTI Crude Oil Sep ‘22 Futures Price Chart Palladium touching two-week highs Palladium futures increased to their highest level in over two weeks, approaching $2100 a tonne, as significant dollar-denominated commodity buying increased in response to a halt in the dollar's rally. After the Fed chair reduced expectations for more large rate hikes while lifting the interest rate as widely anticipated, the US dollar stayed near 2-month lows. As the situation in Ukraine shows no signs of ending, worries about shipping problems from Russia, the metal's primary supplier, continue to exist. Vladimir Potanin, a Russian tycoon who owns a 36% share in Nornickel, the largest palladium manufacturer in the world, was recently sanctioned by Britain. Palladium Spe ‘22 Futures Price Chart Coffee supply outlook seemingly poor Due to limited stocks and ongoing worries about declining coffee yields in top producer Brazil, Arabica coffee futures on the ICE were trading above the $2 per pound threshold. According to the most recent data, ICE-monitored coffee inventories have reached a 23-year low of 712,817 bags. Given the bullish outlook for the commodity, additional upward momentum could be anticipated this year. Coffee recently hit a nearly 10-year high of $2.6. From a previous projection of a +1.2 mln bag surplus, the International Coffee Organization (ICO) has reduced its global 2020/21 supply estimate to a deficit of -3.13 mln bags. Additionally, ICO downgraded its projections for worldwide output while highlighting stronger global consumption. Coffee Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconimics.com
Central Banks' Rates Outlook: Fed Treads Cautiously, ECB Prepares for Hike

NGAS Prices Remain Elevated, Cotton Shortage Anticipated By Companies, Gold Supported By Dropping Dollar

Rebecca Duthie Rebecca Duthie 02.08.2022 17:18
Summary: NGAS prices remain supported by increasing demand expectations. Indian cotton crops are threatened. Falling US Dollar and lower Treasury yields supporting gold prices. Read next: 5 Cryptocurrencies To Keep A Watch On: Axie Infinity (AXS), SHIBA-INU (SHIB), Klaytn (KLAY), Sandbox (SAND), Chronoly (CRNO)  NGAS demand expected to fall US natural gas futures continued to decline below the $8/MMBtu barrier due to pressure from record supply levels as domestic producers profited from higher prices. Still, strong domestic and foreign demand continues to sustain the NYMEX complex's fundamentals. Prices have been supported by expectations of an increase in cooling demand due to the United States' above-average temperatures and by Europe's sustained strong demand despite a 20 percent reduction in Nord Stream pipeline gas flows. For refusing to accept its demand for payment for natural gas in Russian rubles, Russia has already stopped exports to Denmark, Finland, Bulgaria, the Netherlands, and Poland and cut supply to Germany. Natural Gas Sep ‘22 Futures Price Chart Companies are anticipating a cotton shortage Due to active buying from weavers, cotton futures on ICE reached 102 cents per pound, the highest level in more than 2 weeks. As companies anticipate a shortage of cotton yarn during the current cotton season, which runs until September 2022, higher production in the fabric and apparel segments and slower production in the spinning mills encouraged purchase. Additionally, the USDA noted decreased projections for US output, exports, and ending stocks for the years 2022–2023 in its July monthly report due to the possibility of dry weather in Texas. The pink bollworm pest, which this year attacked earlier than anticipated in Punjab and Haryana due to the lack of rainfall in the early part of the planting season, is another threat to cotton crops in India. Despite the fact that the global recession is expected to reduce demand for luxuries like apparel and fabric goods, cotton is still 35 percent below the 11-year high of 158 cents/pound reached in May. Cotton Oct ‘22 Futures Price Chart Gold demand boosted by low treasury yields and a falling dollar Tuesday saw gold trading above $1,770 per ounce and hanging at its best levels in four weeks as demand for bullion was boosted by a dropping dollar and low Treasury yields. The Federal Reserve may hike interest rates less aggressively in the upcoming months as a result of recent weakness in US economic statistics, which pressured the dollar and US yields while raising gold prices. As fresh US data continue to show an economic slowdown, this trend is anticipated to last throughout August. Demand for gold as a safe haven was also fueled by weaker manufacturing statistics across major economies and escalating tensions between China and the US before US House Speaker Nancy Pelosi's visit to Taiwan. Gold Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Forex Currency Pairs: EUR/USD, EUR/GBP, GBP/CAD

Forex Currency Pairs: EUR/USD, EUR/GBP, GBP/CAD

Rebecca Duthie Rebecca Duthie 01.08.2022 20:33
Summary:Euro gained on the USD. Markets are anticipating disappointment from the BoE’s next interest rate hike. Canada proving its resilience. EUR/USD Currency pairThe market is reflecting bullish signals for this currency pair. The Euro strengthened against the US Dollar on Monday ahead of U.S economic data which could potentially negatively impact the Dollar further. The euro was under pressure across the board last week as a result of the markets focus on decreasing European gas supplies, which briefly increased prices and prompted the European Union to approve a rationing plan that might further harm continental economies throughout the winter. EUR/USD Price ChartPound sterling at risk of insufficient hawkish MPC meeting sentimentThe market is reflecting mixed signals for this currency pair. The market is anticipating the risk of disappointment for the upcoming Bank of England’s (BoE) policy update on Thursday. RBC Capital group believes that even if the MPC delivers the widely expected 50 basis point interest rate hike there is a danger to the pound that the meeting minutes are not sufficiently hawkish. EUR/GBP Price ChartCanadian Economy proving its resilienceLast week, the Pound to Canadian Dollar exchange rate touched one-month highs, but if the U.S. Dollar remains weak or the Bank of England (BoE) surprises to the upside of market expectations this Thursday, there may be a chance for it to go closer to the 1.57 handle in the days to come. Last Friday, after GDP figures showed that the Canadian economy was more resilient than financial markets and the Bank of Canada (BoC) had anticipated for the month of May, the Canadian dollar briefly increased against the pound and a few other currencies, which could have implications for future interest rates. GBP/CAD Price ChartSources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
5 Cryptocurrencies To Keep A Watch On: Axie Infinity (AXS), SHIBA-INU (SHIB), Klaytn (KLAY), Sandbox (SAND), Chronoly (CRNO)

5 Cryptocurrencies To Keep A Watch On: Axie Infinity (AXS), SHIBA-INU (SHIB), Klaytn (KLAY), Sandbox (SAND), Chronoly (CRNO)

Rebecca Duthie Rebecca Duthie 01.08.2022 15:14
Summary: A summary of AXS, SHIB, KLAY, SAND, CRNO. Automated meme coins, NFTs, Virtual worlds. Proof of work, proof of stake, proof-of-history, proof-of-importance. Axie Infinity platform Axie infinity is a trading battling game that is block-chain based and is partly owned and partly operated by its players. The Axie Infinity platform was inspired by popular games such as Tamagochi and Pokemon, and allows users to breed, raise, collect, battle and trade token-based creatures that are called Axies. The Axie Infinity platform is Ethereum based. These Axies can take various forms, and there are more than 500 different body parts that are available on the platform. Each different part comes with a different rarity scale, from common, rare, ultra-rare and legendary. Axies can have any combination of body parts, making them highly variable and often rare and unique. Each Axie is a non-fungible token (NFT) each with different strengths and attributes and can be entered into 3v3 battles with the winning team earning more experience (exp) points, these experience points can be used to level up the stats or evolve the body parts of an Axie. These Axie’s can be bred together to create new and unique offspring, which can either be used or sold in the Axie marketplace. Shiba-Inu Platform SHIBA INU is a type of meme token. A meme coin is a form of cryptocurrency that originated from an online meme or viral image, Shiba Inu is named after the japanese dog breed who has the same name. The price movements of meme coins are frequently linked to sentiment around breaking news and influencer activity on social media. Shiba Inu is a decentralised cryptocurrency, it runs on the Ethereum blockchain platform, giving the token the same functionality and safety of the Ethereum platform. The Shiba Inu token is not a coin, a crypto token is one that is built on top of an already existing blockchain, and this is exactly what Shiba Inu has done, they do not have their own blockchain. Klaytn Platform Klaytn is an open-source public blockchain for all who wish to play, build or in the metaverse. The Klaytn platform is a public blockchain that is focused on gamefi, the metaverse and the creator economy. The platform was launched in June 2019, it is South Korea's most dominant blockchain and is currently in the process of undergoing a global business expansion from its international base in Singapore. The expansion of the network is funded by the Klaytn growth fund, which has plans for the ecosystem built on Klaytn. The fund is managed and disbursed by the Klaytn foundation, a Singapore based non-profit organisation that was established in August 2021. The Klaytn Foundation offers partnerships to artists, enterprises or studios. Klaytns native token is KLAY, there is a maximum supply of 10.782 billion tokens, 2.88 billion of those are currently in circulation. The current market capitalisation is more than $706 million. Read more: Altcoins: Klaytn (KLAY), What Is It? - A Deeper Look Into The Klaytn Platform’s Metaverse  The Sandbox platform The Sandbox platform was launched by Pixowl in 2011. It is a block-chain based virtual world that allows users to create, buy, build and sell digital assets in the form of a game. The combination of decentralised autonomous organisations (DAO) and non-fungible tokens (NTFs) the Sandbox creates a decentralised platform for a gaming community that thrives. In accordance with the whitepaper, the Sandbox platform’s main mission is to successfully introduce blockchain technology into mainstream gaming. The platform's focus is on facilitating a “play-to-earn” model creatively, which allows users to be both gamers and creators simultaneously. The power of blockchain technology for the Sandbox came with the introduction of the SAND utility token, which facilitates the platform's transactions. There are a maximum number of 3 billion SAND tokens, 1.26 billion of these are currently in circulation. The current market capitalisation is more than $1.485 billion. The Sandbox platform was built on top of the Ethereum blockchain and it is secured with the proof-of-stake consensus algorithm, the SAND token is a standard ERC-20 token, this means owners can stake it and benefit from its staking rewards. Read more: Altcoins: The Sandbox (SAND), What Is It? - A Deeper Look Into The Sandbox Platform, A World For The Gaming Community  The Chronoly Platform Chronoly is at the present time, the only altcoin whose value is backed by real assets. In the case of Chronoly, the assets that are backing this crypto are, at the present, only investment-grade luxury watches. The Chronoly platform is the world's first fractional watch investment platform on the Ethereum blockchain. The Chronoly crypto made its debut in May of 2022. Chronoly stores each of its classic watches securely in a vault, but before they do this, there is an exact replica model made in the form of an NFT (Non-fungible token). Each NFT thereafter is fractionalised so that a single fraction of the NFT can be sold for as little as $10. Thus, everyone who buys into a Chronolgy NFT buys a small part of the watch. Read more: Altcoins: Chronoly (CRNO) - A Watch NFT !? A Deeper Look Into the Chronoly (CRNO) Platform Sources: fxmag.com
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

Commodities: Poor Corn Crop Supporting Prices, Brent Crude Prices, Silver Prices Rising

Rebecca Duthie Rebecca Duthie 01.08.2022 14:46
Summary: OPEC+ meeting on Wednesday. Corn crop health is poor. Silver prices are rising. Read next: Altcoins: Harmony (ONE) - What Is It? - A Deeper Look Into the Harmony (ONE) Platform  Brent Crude Oil prices After dropping for two consecutive months, Brent crude futures dipped around $103 per barrel on Monday as a deteriorating forecast for global demand overcame indications of continued supply constraints. The world's top oil importer, China, surprisingly experienced a decline in factory activity in July as a result of Covid-19 flare-ups and a dimming global outlook, according to official data released over the weekend. The US economy contracted for the second consecutive quarter, according to data released last week. Rising inflation and additional monetary tightening are projected to keep growth in check. Libya's oil minister, Mohamed Oun, told Bloomberg that after a string of interruptions, the nation's production had returned to normal at 1.2 million barrels per day. Markets are now anticipating the OPEC+ meeting on Wednesday, where it is anticipated that it will maintain its policy of moderate supply increases in the face of capacity limitations and underinvestment in oil fields, maintaining the tight global supply. Brent Crude Oil Futures Price Chart Poor corn crop health After the USDA's weekly report revealed poor crop health amid heatwaves in the Midwest and plains, corn futures increased to a 1-week high of almost $6 per bushel. The agency gave the U.S. maize crop a satisfactory to exceptional condition rating of 61%, far below than experts' expectations and down from 64% a week earlier. The crop that will be harvested in September is likely to suffer from the hot, dry weather that was present during key corn pollination. However, despite higher supply predictions from the USDA for 2022–2023 and negative demand prospects brought on by rising recession fears, corn is still close to its 8-month low of $5.9 set on July 5th. Corn Dec ‘22 Futures Price Chart Silver prices rising Following other precious metals, silver prices increased above $20 per ounce after the Federal Reserve continued its tightening course with a 75 basis point increase in interest rates at its July meeting. The action increased the momentum of major central banks' tightening policies since inflation in the biggest economies in the world has not yet peaked. The ECB increased policy rates by 50 basis points, which was more than predicted, and the BoE is likely to do the same thing the following week. Prices are still very close to the $18.1 two-year low that was reached earlier this month as worries about an economic downturn drove investors to the US dollar. Silver Sep ‘22 Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
Federal Reserve Raises The Interest Rates By 75bps

Federal Reserve Raises The Interest Rates By 75bps

Rebecca Duthie Rebecca Duthie 27.07.2022 20:04
Summary: Fed chooses a 75 basis point rate hike. Central Banks all around the world are raising interest rates. Federal Reserves On Wednesday the Federal Reserve made their interest rate decision to raise interest rates on Wednesday, they chose to raise interest rates by 75 basis points. The market expectations were elevated to 100 basis points in the wake of June CPI inflation data that reflected that, despite the Fed’s efforts to reign in and control the soaring inflation, inflation was stubborn in its moves upward. The Feds move is likely to cause the US dollar to rally and strengthen against all its major currency pairs and hopefully will aid in bringing down the already soaring inflation rate. Over the past couple weeks the European Central Bank (ECB), Bank of Canada (BoC) and the Bank of England (BoE) amongst others, have all rasied their interest rates in an attempt tio reign in the soaring inflation rates around the world. The Fed has been periodically raising interest rates at every meeting since May, the first rate hike in may was 50 basis points, which shocked the markets and caused the US Dollar to rally and strengthen across the board. The second interest rate hike by the fed was in June of 75 basis points and was one which shocked the market, thereafter the 75 basis point hike decision today, a further 75 basis points. The market had priced in a 75 basis point hike but experts raised their expectations to a 100 basis point rate hike, as the Fed continued to reiterate to the market their commitment to reigning in the sky high inflation rates, rates that have not been seen since the 1980s. In a unanimous vote, the Federal Open Market Committee raised the policy rate to a range between 2.25 percent and 2.50 percent, noting that "inflation remained elevated, reflecting supply and demand imbalances connected to the pandemic, increased food and energy prices, and broader pricing pressures." The FOMC continued by stating that it is "very sensitive" to inflation risks. Officials observed in the new policy statement that "recent measures of spending and production have weakened," despite the fact that job growth has remained "strong," a pointer to the reality that the substantial rate hikes they have implemented since March are starting to take effect. The Fed has increased its policy rate by 225 basis points in total this year, on top of a 75-basis-point increase last month and smaller increases in May and March, as it fights an inflation breakout on a par with the 1980s with monetary policy modeled after the 1980s. As a result, the epidemic era attempts to promote household and corporate spending with cheap money have effectively come to an end. The policy rate is currently at the level that the majority of Fed officials believe has a neutral economic impact. The rate was also achieved in just four months, matching the peak of the central bank's previous tightening cycle, which lasted from late 2015 to late 2018. Little concrete information about the next actions the Fed might take was provided in its most recent policy statement. The Fed's decision will be greatly influenced by whether or not incoming data indicates that inflation is starting to decline. Investors anticipate the U.S. central bank to increase the policy rate by at least half a percentage point at its September meeting in light of the most recent data showing consumer prices rising at a rate of more than 9% annually. Sources: investing.com, reuters
Palladium Prices Falling Amidst Weaker Demand Prospects, WTI Crude Oil Stockpile Inventory Came In Below Expectations, Coffee Futures

Palladium Prices Falling Amidst Weaker Demand Prospects, WTI Crude Oil Stockpile Inventory Came In Below Expectations, Coffee Futures

Rebecca Duthie Rebecca Duthie 27.07.2022 17:14
Summary: Palladium prices are falling. US crude stockpile inventory came in lower than expected. Coffee output expected to come in lower. Read next: Altcoins: Harmony (ONE) - What Is It? - A Deeper Look Into the Harmony (ONE) Platform  Palladium prices drop amidst weaker demand prospects Palladium prices held steady near the six-month low of $2000 per tonne as expectations of a weaker demand overcame concerns about a supply shortage. As a result of increasing interest rates around the world, frequent lockdowns in China, a major customer, and other factors, the market for the metal is expected to fall. Concerns about supply disruptions from Russia, the metal's largest supplier, continue to exist on the supply side as the conflict in Ukraine shows no indications of coming to an end. Vladimir Potanin, a Russian tycoon who owns a 36% share in Nornickel, the largest palladium manufacturer in the world, was recently sanctioned by Britain. Palladium Sep ‘22 Futures Price Chart WTI Crude Oil prices On Wednesday, WTI crude futures oscillated back around $95.7 per barrel as traders considered inventory levels against a backdrop of doubt on the demand outlook. Government statistics confirmed Tuesday's industry reports that US crude oil stockpiles dropped by more than 4 million barrels last week, far more than the median estimate of a million barrel loss. Additionally, the draw in gasoline supplies of 3.3 million barrels substantially above forecasts of a 0.9 million barrel reduction. Concerns that a transition to oil would be forced by decreased gas supplies from Russia to Germany through the Nord Stream 1 pipeline support the optimistic sentiment. The White House announced the sale of an additional 20 million barrels of oil from strategic reserves on the supply side. Last but not least, caution prevailed amid ongoing worries over a potential impending recession ahead of the Federal Reserve's anticipated 75 bps rate hike later in the day. WTI Crude Oil Futures Sep Price Chart Coffee Futures Due to limited stocks and ongoing worries about declining coffee yields in top producer Brazil, Arabica coffee futures on the ICE were trading above the $2 per pound threshold. According to the most recent data, ICE-monitored coffee inventories have reached a 23-year low of 712,817 bags. Given the bullish outlook for the commodity, additional upward momentum could be anticipated this year. Coffee recently hit a nearly 10-year high of $2.6. From a previous projection of a +1.2 mln bag surplus, the International Coffee Organization (ICO) has reduced its global 2020/21 supply estimate to a deficit of -3.13 mln bags. Additionally, ICO downgraded its projections for worldwide output while highlighting stronger global consumption. Coffee Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Fed Interest Rate Announcement Due Wednesday (EUR/USD), 50bp Hike From BOE Expected (EUR/GBP, GBP/NZD)

Fed Interest Rate Announcement Due Wednesday (EUR/USD), 50bp Hike From BOE Expected (EUR/GBP, GBP/NZD)

Rebecca Duthie Rebecca Duthie 26.07.2022 19:37
Summary: Federal reserve interest rate announcement Wednesday. Barclays updated their expectations for the next BOE interest rate hike. NZD was a poor performer on Tuesday. Read next: NGAS Prices Rising, Cotton Demand Falling, Gold Prices Rising As Recession Fears Rise  Euro at risk of weakening The market is reflecting bearish signals for this currency pair. The euro is at risk of falling as prospects of a weaker economic outlook and restricted gas flows through the Noord Stream 1 pipeline. The threat of Russian oil exports through the Noord Stream pipeline being reduced to 20% could contribute even further to the energy crisis in Europe and drive gas prices even higher. The market is awaiting the Federal Reserve's interest rate hike announcement which is due tomorrow. EUR/USD Price Chart EUR/GBP bearish The market is reflecting bearish signals for this currency pair. Barclays bank has increased expectations to 50bps hikes from the Bank of England (BOE). A 50bp increase is now anticipated for August 4th, according to the UK economic team at Barclays after evaluating incoming UK data and signals from the Bank of England. EUR/GBP Price Chart GBP/NZD currency pair The Pound to New Zealand Dollar exchange rate may be at risk of another decline below the 1.92 level due to a full calendar of event risks in the next few days, making it difficult for it to rise. On Tuesday, the U.S. Dollar recovered from 10-day lows vs the majority of its G20 counterparts, causing the GBP/NZD to increase for a third day in a row. The New Zealand Dollar performed worse than the other major currencies and Sterling. GBP/NZD Price Chart Sources: dailyfx.com, finance.yahoo.com, poundsterlinglive.com
Altcoins: Harmony (ONE) - What Is It? - A Deeper Look Into the Harmony (ONE) Platform

Altcoins: Harmony (ONE) - What Is It? - A Deeper Look Into the Harmony (ONE) Platform

Rebecca Duthie Rebecca Duthie 26.07.2022 17:38
Summary: What is The Harmony (ONE) Platform and how does it work? Advantages of the Harmony exchange. Harmony’s past, present and future price positions. Read next: Altcoins: Filecoin (FIL) - What Is It? - A Deeper Look Into the Filecoin (FIL) Platform  The Harmony platform Blockchain platform Harmony makes it easier to build and use decentralised applications (DApps). The network focuses on random state sharding, which enables the creation of blocks in just a few seconds, with the goal of innovating the way decentralised apps operate. By the end of 2021, cross-shard contracts and a cross-chain infrastructure are planned to be introduced by Harmony, according to the project website. The Harmony mainnet seeks to reinvent block creation by putting an emphasis on processing speed and validity. The business drastically decreased node validation times by implementing the sharding method. The Verifiable Random Function (VRF) for impartial and unpredictable shard membership was established by Harmony to assure the protection of nodes and the security of the validation process. This indicates that validators and nodes are randomly assigned and reassigned. An effort of the project called Harmony Grants attempts to encourage innovation and draw developers to the Harmony mainnet. A new iteration of the proof-of-stake (PoS) consensus is introduced by Harmony. This technique, known as effective proof-of-stake (EPoS), permits concurrent staking from a large number of validators. This consensus technique was created in conjunction with the Harmony network's sharding concept. EPoS is intended for quicker processing times and increased scalability, in contrast to proof-of-work (PoW) consensus algorithms. Staking consensus methods rely on a large number of value holders who act as validators, whereas PoW demands a lot of electrical and computer resources. In order to draw in more node operators, Harmony is also aiming to increase staking incentives. By rewarding stakeholders with the most ONE tokens, the Harmony Open Staking program promotes network interaction. The current market capitalization for Harmony is $245,023,620. There is a maximum supply of 13,542,671,656, 12.32 billion are currently in circulation. Advantages of the Harmony Platform Harmony provides its users with the opportunity to enter the decentralised application (DApps) space. Harmony also improves the infrastructure behind blockchain, it is an ambitious project that ensures faster and more reliable solutions. Harmony has an impressive list of involved partnerships, these partnerships also range across a wide variety of industries. Harmony's development team is suited well according to its project. An environment for the end-to-end transmission of cryptocurrency has been developed by the well-known and ambitious project Harmony. This is accomplished by incorporating current networks that enable consumers to change fiat currency to cryptocurrency and vice versa. Investors have a variety of reasons to choose Harmony as their next greatest investment, according to the company. The following are the main factors that Harmony is luring investors: It is a quick and dependable blockchain that includes important breakthroughs like sharding and peer-to-peer (P2P) networking. The Harmony project aids companies in creating markets for the use of NFTs and fungible tokens. One of the first sharded blockchains that support staking is Harmony. Past, present and future prices of The Harmony network (ONE) Harmony’s price took more than a year to begin rising and gaining value, the first price peak for this crypto was seen in the first quarter of 2021 thereafter the price continued to spike both up and down. Harmony reached a maximum price of $0.339 in september of 2021. The volatility in its price has since staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, ONE does fall under this category. According to some analysts, the future price of The Harmony (ONE) network could reach up to $0.11 by 2025 and could see a price of more than $0.25 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ONE Price Chart Sources: finance.yahoo.com, coinmarketcap.com, sashares.co.za, capital.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

NGAS Prices Rising, Cotton Demand Falling, Gold Prices Rising As Recession Fears Rise

Rebecca Duthie Rebecca Duthie 26.07.2022 11:22
Summary: Cooling demand increases as summer progresses. Low cotton demand driving prices down. Recents dollar weakening drives gold price upward/ Read next: Altcoins: Filecoin (FIL) - What Is It? - A Deeper Look Into the Filecoin (FIL) Platform  Natural Gas US natural gas futures surged beyond the $8.8/MMBtu threshold, edging closer to a 14-year high of $9.5/MMBtu achieved in early May on expectations of a growing need for cooling as the country's weather continues to be hotter than typical. The optimistic prognosis is further boosted by the soaring global demand. Due to turbine problems, Russia's Gazprom announced it will decrease flows via the Nord Stream pipeline, providing only 33 million cubic meters per day, or about 20 percent of its capacity, forcing European consumers to find alternative sources of energy. Additionally, utilities only added 34 billion cubic feet (bcf) of natural gas to underground storage last week, significantly less than the 47 bcf median market expectation, according to the most recent EIA weekly inventory data. NGAS Aug ‘22 Futures Price Chart Cotton futures trading near 10-month lows The price of cotton futures on the ICE traded close to a 10-month low of 100 cents a pound as traders weighed concerns about poor demand against the possibility of lower production. Amid prospects of dry weather in Texas, the most recent USDA supply and demand report indicated reduced forecasts for output, exports, and ending stocks in the US for the 2022–2023 year compared to projections made last month. In addition, the pink bollworm pest, another major threat to cotton crops in India, attacked in Punjab and Haryana earlier than predicted this year as a result of the lack of moisture during the early stages of the planting season. Fears of a global economic slowdown are expected to reduce demand for non-essential clothes and fabric products. Cotton Oct ‘22 Futures Price Chart Gold prices rise along with recession fears After losing 0.4 percent the day before, gold increased to about $1,725 an ounce on Tuesday as recessionary fears increased. The safe-haven metal gained from recent weakening in the dollar and US Treasury yields. This week, the US Federal Reserve is anticipated to deliver a further rate increase of 75 basis points, taking the lead in the worldwide fight against inflation that some feared might push the greatest economy on the planet into recession. As monetary conditions become more constrained and threaten to affect global demand, other significant central banks are anticipated to join the US central bank in raising interest rates quicker. Recent figures from the US and Europe already indicate that economic activity is weakening, while China narrowly avoided a second-quarter loss. In the meantime, gold prices stayed about Gold Aug ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Altcoins: Filecoin (FIL) - What Is It? - A Deeper Look Into the Filecoin (FIL) Platform

Altcoins: Filecoin (FIL) - What Is It? - A Deeper Look Into the Filecoin (FIL) Platform

Rebecca Duthie Rebecca Duthie 25.07.2022 17:16
Summary: What is The Filecoin (FIL) Platform and how does it work? Advantages of the Filecoin exchange. Filecoin’s past, present and future price positions. Read next: Altcoins: GALA (GALA) - What Is It? - A Deeper Look Into the GALA (GALA) Platform  The Filecoin (FIL) network The mission of Filecoin is to "store humanity's most critical knowledge" in a decentralized database. The project's initial coin offering (ICO) garnered $205 million in 2017, and its mid-2019 launch date was once anticipated. The debut of the Filecoin mainnet, however, has been postponed until block 148,888, which is anticipated in mid-October 2020. The project was initially introduced in 2014 as an incentive layer for the peer-to-peer storage network known as IPFS. Filecoin is an open system that is supported by a blockchain that keeps track of the promises made by users of the network. Transactions are made using FIL, the blockchain's native currency. Both proof-of-replication and proof-of-spacetime are the foundations of the blockchain. Filecoin Uniqueness Decentralised data storage is the goal of Filecoin. In contrast to centralised cloud storage providers like Amazon Web Services or Cloudflare, Filecoin uses its decentralised nature to safeguard the integrity of a data's location, making it simple to retrieve and difficult to censor. Decentralised storage platforms like Filecoin make the internet more accessible to people all around the world while also enabling individuals to be their own data custodians. Participants in the Filecoin network are incentivized to act honestly and store as much data as possible because doing so directly correlates to earning greater block rewards. How is the Filecoin (FIL) network secured Proof-of-replication and proof-of-spacetime are used to protect Filecoin. In the Filecoin network, retrieval miners, also known as nodes, compete to provide data to clients as quickly as possible. A network of nodes that desire to duplicate and maintain files is thus encouraged by the payment of FIL fees. Storage miner nodes are continually vying for contracts to offer storage to customers for a predetermined period of time. In the event that a storage miner and their client reach an agreement, the storage miner will hold the client's data in a sector and "seal" it to produce an exclusive copy of that sector's data. Clients pay deal fees to storage miners in the form of FIL, and these miners can mine blocks and earn a block reward. Advantages of the Filecoin network Verifiable storage: Filecoin has mechanisms built in to examine the file history and ensure that it has been correctly storing files over time. Every storage company demonstrates that they are keeping their files up to date within each 24-hour period. Even if the client was not online at the time, users can quickly examine this history to ensure that their files have been saved appropriately. Any observer can look up the history of any storage provider and find out if it has ever had problems or gone offline. Open market: Deals for the storage and recovery of files are negotiated in open markets in Filecoin. The Filecoin network is open to everyone and requires no authorization. A spare disk space and an internet connection are all that are needed to run a storage provider. Filecoin provides a healthy ecosystem of numerous independent storage providers by lowering entrance barriers. Competitive prices Reliable storage Reputation, not marketing Choice of tradeoffs Censorship resistance Useful blockchain Provides storage to other blockchains Content addressing Content distribution network Single protocol No lock-in Open source code Active community Past, present and future prices of The Filecoin network (FIL) The price of Filecoin (FIL) took a while after being launched, the price remained low until half way through 2020. The price began to rise consistently, reaching an all-time high of $182.69 in April of 2021. The volatility in its price has since staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, FILE does fall under this category. According to some analysts, the future price of The Filecoin (FIL) network could reach up to $31.11 by 2025 and could see a price of more than $188.18 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. FIL Price Chart Sources: finance.yahoo.com, chanelly.com, coinmarketcap.com. docs.filecoin.io
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

The West Is Trying To Control Brent Crude Prices, Global Corn Supply Concerns, Fed Gears Up For Another Interest Rate Hike

Rebecca Duthie Rebecca Duthie 25.07.2022 15:41
Summary: Concerns around a demand-shifting global recession continue. Concerns around global supply of corn have been somewhat alleviated. China demand concerns and aggressive interest rate hikes. Read next: Altcoins: GALA (GALA) - What Is It? - A Deeper Look Into the GALA (GALA) Platform  Brent Crude Oil Futures Brent crude prices rose from their daily lows of about $103 to around $104 per barrel as concerns about a demand-draining global recession were dispelled by a tight global market and the potential for further supply disruptions. The West is developing a strategy to control the price of Russian crude as retaliation for Moscow's invasion of Ukraine. Additionally, despite the fact that a top US energy envoy expressed confidence that major producers have spare capacity and are likely to increase supplies, Biden was unable to win a commitment from Arab leaders to pump more oil. A persistent worry that an aggressive tightening from major central banks could plunge economies into a recession and consequently affect oil consumption kept prices in check. Brent Crude Futures Price Chart Corn Prices Following the USDA weekly report that indicated a steady state of the U.S. crop in its crucial pollination phase, alleviating concerns about global supplies, corn futures held close to the 8-month low level below $6 per bushel. Additionally, the agency maintained its rating of 64 percent of the American corn crop as being in good to exceptional condition from the previous week. The report also noted that while dryness lingers in western regions despite expectations for rising temperatures, weekend rainfall in the eastern Midwest benefitted crops. The USDA increased its predictions for global maize ending inventories to 313.0 million tons in its monthly report published on July 12th, an increase of 2.5 million tons from last month's forecasts. Corn Sept ‘22 Futures Price Chart Silver Futures As persistent concerns about demand in China and aggressive tightening by major central banks to control sky-high inflation continue to scare investors away from the non-yielding metal, silver stabilized around $18.7 an ounce, staying close to its lowest level since July 2020. Following a similar move in June, the Federal Reserve is widely anticipated to deliver a 75 basis point rate increase this week, raising borrowing costs to their highest level since 2019. Additionally, the ECB increased policy rates by 50 basis points last week, which was more than expected, and the BoE is likely to do the same thing the following week. The dollar has been pushed higher by safe-haven movements brought on by uncertainty in global growth. Silver Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Altcoins: GALA (GALA) - What Is It? - A Deeper Look Into the GALA (GALA) Platform

Altcoins: GALA (GALA) - What Is It? - A Deeper Look Into the GALA (GALA) Platform

Rebecca Duthie Rebecca Duthie 22.07.2022 19:27
Summary: What is The GALA (GALA) Platform and how does it work? Advantages of the GALA exchange. GALA ’s past, present and future price positions. Read next: Altcoins: GALA (GALA) - What Is It? - A Deeper Look Into the GALA (GALA) Platform  The Gala Network Gala Games wants to change the gaming landscape by returning ownership of the gaming experience to the gamers. Making "blockchain games you'll actually want to play" is Gala Games' goal. The goal of the project is to make it so that gamers can no longer spend hundreds of dollars on in-game items and endless hours playing games that can be taken away from them at any time with the push of a button. By providing players authority over the games and in-game assets with the aid of blockchain technology, it aims to bring back creative thinking in gaming. In the Gala Games ecosystem, players can control game governance by owning non-fungible tokens (NFTs). Gamers can vote on which games should be funded and developed by Gala via the Founder's Nodes voting system. Gala Games uses its own utility token, GALA, in addition to purchasing NFTs for particular games. Gala Games has thus far only made available one playable game, called Town Star, and one NFT collection series, called VOX. Future game releases are planned, including fantasy RPGs, sci-fi strategy games, and tower defense games. Gala Games is not just one game; rather, it provides a wide selection of several blockchain games that prioritize pleasure above blockchain. Town Star, the sole playable game at the moment, is a browser-based simulation of a town. Similar to SimCity's gameplay, players of Town Star truly own the town they are managing. The current market capitalisation for GALA is currently, $378,910,641. There is a total supply of 35,240,112,493 tokens, 6.98 billion are currently in circulation. Advantages of the GALA platform Profits, GALA offers the opportunity for its users to have a gaming experience and walk away from it with actual value. It is a significant improvement for everyone involved if players have the option to convert and exchange their digital assets both inside and outside of the game environment. Gala developers can also add additional priceless resources to their ecosystems. Blockchain-based games give the market the ability to instantly verify authenticity. Gamers can thus accurately estimate how rare a particular digital item might be. The worth of the object as a whole is increased by this feature. Real economies, Gala's ability to include a real economy into its game products is another significant advantage. There are already some sizable MMORPGs on the internet with functional economies. Due to the fact that these markets are solely centered on one video game, they are constrained in terms of both nature and liquidity. Gala's assets may be marketed for sale. Using this technique, the creators can also produce components for several games. Past, present and future prices of The GALA network (GALA) The volatility in its price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, GALA does fall under this category. According to some analysts, the future price of The GALA (GALA) network could reach up to $7.54 by 2025 and could see a price of more than $31.25 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. GALA Price Chart Sources: coinmarketcap.com, securities.io The price of GALA took awihle to take off, the price began to rise in September of 2021 and climbed to its all time high of $0.7121 in late November 2021. Thereafter the price began to fall consistently to date.
5 Cryptocurrencies To Keep A Watch On: Yearn.Finance (YFI), Ethereum Classic (ETC), GARI ($GARI), Decred (DCR), Celsius (CEL)

5 Cryptocurrencies To Keep A Watch On: Yearn.Finance (YFI), Ethereum Classic (ETC), GARI ($GARI), Decred (DCR), Celsius (CEL)

Rebecca Duthie Rebecca Duthie 22.07.2022 16:08
Summary: A summary of YFI, ETC, GARI, DCR, CEL. Automated Market Maker Model, NFTs, Liquidity pools. Proof of work, proof of stake, proof-of-history, proof-of-importance. The Yearn.Finance network Yearn.finance (YFI) is an Ethereum based token that governs the yearn.finance platform. The platform is a yield organiser, which moves funds around the decentralised finance (DeFi) ecosystem in an effort to generate a higher return. Yearn.finance is an aggregator service for decentralised finance (DeFi) investors through the use of automation, allowing them to maximise profits through yield farming. Its goal is to simplify the DeFi space for those investors who are not technically minded or those who wish to interact in a manner less committal than that of serious traders. Yield farming is a process of staking cryptocurrencies in an attempt to earn a passive income. The yearn.finance platform is an automation tool that invests into the liquidity pools of various cryptocurrencies and other projects to deliver the best profits. Read more: Altcoins: Yearn.Finance (YFI), What Is It - A Deeper Look Into The Yearn.Finance Platform  The Ethereum Classic Network The Ethereum Classic platform exists in response to the contract censorship that exists on sister chain Ethereum. Ethereum Classic has managed to resist censorship against all odds, and has managed to deliver Ethereum's original vision of unstoppable applications. Ethereum Classic's main function is a smart contract network that has the ability to host and support decentralised applications (DApps). Ethereum Classic’s native token is ETC. Since its launch, Ethereum Classic strives to differentiate itself from Ethereum, and over time has succeeded as its roadmap is diverging further and further apart with time. Ethereum Classic combines the technology of Ethereum with Bitcoin’s philosophy, Ethereum Classic is uniquely placed perfectly to be the smart contract platform of the future, as other chains can become compromised or captured by special interests. Read more: ETC Meaning. Altcoins: What Is Ethereum Classic (ETC)? How Has Ethereum Classic Price Changed?  The GARI network Chingari App is a short video-sharing app that pays its content creators based on how viral their videos become. With every upload, creators get points per view which can be exchanged for money. Chingari has been labelled India's version of Tiktok. Chingari has partnered up with Solana to build and launch GARI on a decentralised exchange in 2023. Chingari is the largest on chain social graph on web3. $GARI NFT marketplace, which will launch in 2023 acts as both an in-app currency and as a governance token. This will give creators the authority over future platform development. Recall that non-fungible tokens (NFTs): are unique cryptographic tokens that exist on a blockchain and cannot be replicated. They represent a real-world item, by purchasing these real world items through NFTs, it makes purchasers less vulnerable to fraud and the process of buying and selling more efficient. The Decred Network The Decred token and protocol were created to facilitate community interaction, open governance and sustainable funding policies. According to the platform's official whitepaper, Decred was created in a way that the community has to approve all transactions and changes made regarding the protocol. Therefore, ensuring there is no way that big Decred holders can manipulate the protocol's operations. Decred is innovative due to the way it bets on blockchain technology’s decentralised nature to prevent monopoly over voting status in the project itself. One of Decreds main goals is to ensure that all DCR holders have the same amount of decision making power and that large institutions are unable to swing votes in their own favour. Read more: Altcoins: Decred (DCR) - A Deeper Look Into The Decred Platform  The Celsius network The Celsius Network platform aims at financial freedom without a price tag, where ethical behaviour is the baseline thing and the peoples interest is the main priority. The Celsius Network Platform encourages a financial place where everyone can succeed financially. The platform integrates a bunch of services that have been abandoned by big banks, for example, zero-fees, fair yield and extremely fast transactions. The main goal of Celsius network is to disrupt the financial industry, one user at a time and to introduce financial freedom through crypto. Celsius plans to outperform the current financial services industry by offering its users benefits that banks no longer offer, such as higher returns on deposits and savings, easier and fairer (easily obtainable) loan requirements and rewards that are automated algorithmically for each user. The platform waives penalties and bank-style fees. The Celsius platform also has a Celpay feature which functions as a wallet for users and hosts its own CEL token, which users are able to leverage to increase, amongst other things, payout value. Read more Altcoins: Celsius Network (CEL), What Is It ? - A Deeper Look Into The Celsius Network Platform  Sources: FXMag.com
US and European Equity Futures Mixed Amid Economic Concerns and Yield Surge

Gold Futures, WTI Crude Oil Fall For Their 3rd Straight Session, Silver Futures

Rebecca Duthie Rebecca Duthie 22.07.2022 15:43
Summary: Market is gearing up for the next Fed interest rate hike. WTI Crude. Silver demand. Gold Futures dipping as market gears up for next fed rate hike Gold prices slipped on Friday as the US Dollar rebounded and upcoming Federal Reserve interest rate hikes negatively impacted demand for non-yielding bullion. The Fed is on track to hike its interest rates by another 75 basis point during the next trading week, pushing against the market expectations of a 100bps hike. Any more hawkish sentiment from the fed could hurt the demand for gold even further. Gold Aug ‘22 Futures Price Chart WTI Crude Oil falls Oil fell for its third straight session on Friday, Crude prices have been weighed down by increased risk of weakening demand amidst concerns of a global economic recession, investors are, however, monitoring issues on the supply side. Despite comments from a top US energy envoy suggesting confidence that major producers have spare capacity and are likely to expand supplies, President Joe Biden was unable to gain a commitment from Arab leaders this week to pump extra oil. After removing the force majeure on oil exports last week, Libya's National Oil Corp. reported that crude production has resumed at a number of oilfields. In the meantime, the US is developing a strategy to control the price of Russian crude in order to put pressure on Moscow about its invasion of Ukraine. Official data showed declining US gasoline demand amid the peak summer driving season, and major central banks' aggressive rate hikes raised concerns about a downturn.                                                                                               WTI Crude Futures Price Chart   Silver Futures Despite comments from a top US energy envoy suggesting confidence that major producers have spare capacity and are likely to expand supplies, President Joe Biden was unable to gain a commitment from Arab leaders this week to pump extra oil. After removing the force majeure on oil exports last week, Libya's National Oil Corp. reported that crude production has resumed at a number of oilfields. In the meantime, the US is developing a strategy to control the price of Russian crude in order to put pressure on Moscow about its invasion of Ukraine. Official data showed declining US gasoline demand amid the peak summer driving season, and major central banks' aggressive rate hikes raised concerns about a downturn.                                                                                               Silver Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
ECB Hikes Interest Rates By 50bps & Imposes The TPI. ECB Policy Decision Offers Euro Support (EUR/USD, EUR/GBP)

ECB Hikes Interest Rates By 50bps & Imposes The TPI. ECB Policy Decision Offers Euro Support (EUR/USD, EUR/GBP)

Rebecca Duthie Rebecca Duthie 21.07.2022 15:01
Summary: TPI. 50bps interest rate hike. ECB Policy decision The European Central Bank (ECB) hit a milestone on Thursday as they raised the interest rates for the first time since 2011. The long awaited anticipation has been revealed and the ECB went with a 50 basis point rate hike, the hawkish move indicates to the market that the ECB is committed to curbing surging inflation and bringing prices down. Today we took our latest monetary policy decisions:🔵We raised interest rates by 0.5 percentage points, a further step in normalising our monetary policy🔵We agreed on a new instrument to make sure that our policy smoothly reaches all of the euro areahttps://t.co/93nhha5Em8 pic.twitter.com/cxp9BfZGpI — European Central Bank (@ecb) July 21, 2022   In addition the ECB also announced that it is introducing a new mechanism in order to ensure that the diverse financial system in the Eurozone remains stable during the interest rate hikes. The mechanism created is call the Transmission Protection Instrument (TPI), which will, hopefully, contain any of the rises in the yield paid on sovereign bonds in some countries. The biggest test of the ECB's July policy decision was always going to be how the ECB responded to the acceleration in bond yields in peripheral Eurozone countries as interest rates rose, amidst fears the Eurozone would fragment without a detailed plan from the ECB.   Sources: finance.yahoo.com Hiking rates by 50bp and softening forward guidance shows that the ECB thinks the window for a series of rate hikes is closing quickly, writes @carstenbrzeskihttps://t.co/xMH79EGHj9 — ING Economics (@ING_Economics) July 21, 2022 Euro Supported as ECB hikes interest rates The market is reflecting mixed signals for this currency pair. On Thursday the European Central Bank (ECB) hiked Eurozone interest rates by 50 basis points, a move that has occurred for the first time since 2011. The ECB’s decision caused the EUR/USD rate to increase and lifted many other major currencies along with it. The ECB gained favour from the markets when they appeared to have shown the sceptic market that it is capable of bringing down inflation through the lifting of interest rates but without driving those weaker Eurozone economies toward ruin or wreck. In addition, Thursday marks the day the Noord Stream 1 reopened after its routine maintenance period. Euro gains against the pound The market is reflecting mixed signals for this currency pair. The pound sterling lost to the Euro on Thursday in the wake of the ECB’s policy decision. The implementation of the TPI fragmentation tool to protect the weaker Eurozone economies also offered the Euro support. Sources: fxmag.com, finance.yahoo.com, dailyfx.com, poundsterling.com
Powell signals Fed needs to be nimble, Canada Inflation hits near 40-year high, bitcoin tries to hold USD20k

Platinum Futures Nearing 21-month Lows, Wheat, RBOB Gasoline Prices Falling

Rebecca Duthie Rebecca Duthie 21.07.2022 14:49
Summary: Weaker demand prospects for platinum outshine supply concerns. Russian grain and fertilizers will not be sanctioned by the US. RBOB Gasoline. Read next: Altcoins: renBTC (RENBTC) - What Is It? - A Deeper Look Into the renBTC (RENBTC) Platform  Platinum Prices are hitting 21 month lows Platinum prices are nearing 21 month lows as concerns around weakening demand outshone supply concerns. Higher than expected inflation numbers drove up expectations for more aggressive monetary policy tightening and heightened fears of a global economic recession. In addition, the demand from the top-consumer, China, is expected to fall in the wake of newly imposed lockdown regulations, which is also expected to hurt economic activity. At the same time, supply from Russia is expected to remain subdued due to the war in the Ukraine. Platinum Oct ‘22 Futures Price Chart Wheat futures prices returning to normal levels Chicago Wheat futures hit a one week high on July 20th but have since returned down to somewhat normal levels that were seen before Russia invaded the Ukraine amidst prospects of higher supplies. USDA forecasts show the levels predicted that supply, exports and ending stocks in the US are going to increase sharply and a decrease in consumption around the world. In addition, strong Russian harvest and lower export taxes expectations aided in the bearishness, this eased shortage relief when the US announced that Russian grains and fertilizers will not be sanctioned. Chicago Wheat Sep ‘22 Futures Price Chart RBOB Gasoline Gasoline futures fell to levels that have not been seen since April 25th, this fall comes in the wake of concerns around weakening demand. In addition, according to the EIA, domestic inventory levels increased well above market expectations. Gasoline consumption levels are standing around those of the first year of the pandemic, but lower than every year going back to 2000. RBOB Gasoline Aug ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
This Week's Tesla Stock Split Could Be The Best Moment To Buy The Stock! Twitter Stock Price Plunged!

Euro Remains Supported Ahead Of ECB Policy Decision, Netflix & Tesla Q2 Earnings Reports

Rebecca Duthie Rebecca Duthie 20.07.2022 23:49
Summary: EUR/USD, EUR/GBP currency pairs Netflix earnings report Tesla earnings report Read next: S&P 500 Amongst Major Indexes That Are Rising, Markets Are Waiting For Thursdays ECB Policy Decision  Euro stole headlines on Wednesday The EUR/USD currency pair ended the Wednesday trading day showing mixed market sentiment as the market awaits the European Central Bank’s (ECB) monetary policy decision due on Thursday. The Euro is still facing uncertainty regarding high inflation in the Eurozone and how the ECB plans to tackle it, in addition as the Noord Stream 1 opens after its routine maintenance period, there are still concerns as to whether Russia will open the gas taps. The recovery of the Euro against the dollar could be reflecting a possible market inflection point. The Euro has recovered half of its July losses so far, this could mean a turn around against the Dollar for many other major currencies aswell. The Euro stole the headlines on Wednesday as both Bloomberg News and Reuters reported that the market could see an outsized interest rate yield rise from the European Central Bank on Thursday. EUR/USD Price Chart EUR/GBP currency pair The market is reflecting mixed signals for this currency pair. According to a number of new reports, it is predicted that UK inflation could reach up to 12% by October, the report also showed that the inflation rate was growing at its fastest rate in 40 years. The Euro remains supported ahead of the ECB’s policy decision on Thursday EUR/GBP Price Chart Netflix Earnings Report Netflix's earnings report on Wednesday indicated they lost around 970,000 subscribers, beating the 2 million that was predicted last quarter, thus causing the company's stock price to jump. Its EPS beat market expectations. The company also warned that the rallying US Dollar would have an impact on international revenue. The streaming giant also indicated they had more time to understand and address the issues that have been impacting their streaming, revenue and other major indicators. NFLX Price Chart Tesla earnings report Tesla’s quarter 2 earnings report indicated the company beat market expectations with regards to adjusted EPS. Automotive margins came in at 27.9% down from the 32.9% seen in the first quarter, impacted by inflation, increased competition for battery cells and other components that are required for electric vehicles. In addition the invasion of Russia in the Ukraine and in conjunction with covid-19 lockdown measures in China caused supply chain issues and parts shortages. TSLA Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com, cnbc.com
The Recent Rally Of Bitcoin Had Been Capped, The Digital Yuan (eCNY) Has Received Upgrades

Altcoins: renBTC (RENBTC) - What Is It? - A Deeper Look Into the renBTC (RENBTC) Platform

Rebecca Duthie Rebecca Duthie 20.07.2022 23:48
Summary: What is The renBTC Platform and how does it work? Uniqueness of the renBTC exchange. renBTC’s past, present and future price positions. Read next: Altcoins: Wrapped Bitcoin (WBTC) - What Is It? - A Deeper Look Into the Wrapped Bitcoin (WBTC) Platform   The renBTC Exchange renBTC is a ERC-20 token that runs on the Ethereum blockchain, RENBTC tokens are pegged to Bitcoin (BTC). Each RENBTC token can always be exchanged for 1 BTC, hence the RENBTC seems to maintain its value at a market rate close to Bitcoins. renBTC is minted on the Ren platform, Ren is an open protocol which allows everyone access to the inter-blockchain liquidity this function helps bring assets from other blockchains to Ethereum decentralised applications (DApps). The renBTC is a direct competitor of Wrapped Bitcoin (WBTC). Minting RENBTC tokens is a fairly uncomplicated process, users simply send their Bitcoin (BTC) to renVM, which secures the BTC asset and mints the equivalent number of renBTC on Ethereum. Unlike other tokens that are backed by Bitcoin, renBTC is not a synthetic token and it is not reliant on any liquidation mechanisms to ensure that its value remains pegged to Bitcoin’s value, instead it is a direct supply peg, this means there are always enough BTC in a reserve to cover the circulating renBTC supply. The process of redeeming RENBTC is just as simple as the process of minting it. The user sends their RENBTC back to renVM (which comes with a small gas fee) which then releases the native BTC token to the users address. The renBTC tokens are then destroyed, this is to ensure that the reduced supply matches the reduced reserve. renBTC is currently the rarest cryptocurrency in the world, with only 4,823 RENBTC in circulation and a maximum supply of 13,689 tokens. The current market capitalisation of renBTC is $115,317,425. Advantages and Disadvantages of renBTC Advantages: One of the main advantages is the flexibility that is provided through the use of the REN protocol, one can basically turn their tokens into any of the supported tokens with little problems. The minting and burning of the renBTC tokens is a relatively simple, very secure and private process. Generating RENBTC tokens is actually one of the most private means to participate in the decentralised finance (DeFi) world apart from DAI. Another advantage of RenBTC is its speed, once users obtain the RENBTC token they depend on Ethereum times, the internal process that is handled by the Ren protocol is fast thanks to its consensus protocol that is called Hyperdrive. RENBTC also allows interoperability that few projects are able to achieve currently, this has allowed the project to position itself at the top of the DeFi world. Disadvantages: One of the main disadvantages is the RENBTC is an ERC-20 token and therefore is limited by Ethereums limitations. Past, present and future prices of The renBTC network (RENBTC) RENBTC token’s price took off within a few months of being launched, reaching its first peak within the first quarter of 2021 reaching a price of $61,061.45. Thereafter, its price declined, however remained elevated, the next major drop in price occurred during the second quarter of 2021. RENBTC began climbing again and reached its all time maximum price of $63,826.73 in November of 2021. Since its maximum price in November 2021, RENBTC has been on an overall declining trend. The volatility in its price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, RENBTC does fall under this category. According to some analysts, the future price of The renBTC network (RENBTC) could reach up to $51,500 by 2026 and could see a price of more than $1,237,471 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. RENBTC Price Chart Sources: finance.yahoo.com, coinmarketcap.com, academy.bit2me, rarest.org,
S&P 500 Amongst Major Indexes That Are Rising, Markets Are Waiting For Thursdays ECB Policy Decision

S&P 500 Amongst Major Indexes That Are Rising, Markets Are Waiting For Thursdays ECB Policy Decision

Rebecca Duthie Rebecca Duthie 20.07.2022 23:47
Summary: S&P 500 supported by tech stocks Euro in focus Read next: WTI Crude Oil Prices Are Under Pressure, Coffee Prices Supported By Drier Weather Conditions, Palladium Futures  S&P 500 ends Tuesday in the green The positive earnings from both Tesla and Netflix that were reported on Thursday and Wednesday respectively has offered support to many tech stocks, driving the S&P 500 and other Tech stocks into the green. This move followed a rally on Tuesday that saw an overall increase of 2% across major indexes. Investors will remain focused on the corporate earnings season in the coming days and weeks, which, despite concerns around a global recession, expectations around this earnings season have been almost completely rewritten. S&P 500 Price Chart Euro Stole headlines on Wednesday European Central Bank’s (ECB) monetary policy decision due on Thursday. The Euro is still facing uncertainty regarding high inflation in the Eurozone and how the ECB plans to tackle it, in addition as the Noord Stream 1 opens after its routine maintenance period, there are still concerns as to whether Russia will open the gas taps. The recovery of the Euro against the dollar could be reflecting a possible market inflection point. The Euro has recovered half of its July losses so far, this could mean a turn around against the Dollar for many other major currencies aswell. The Euro stole the headlines on Wednesday as both Bloomberg News and Reuters reported that the market could see an outsized interest rate yield rise from the European Central Bank on Thursday. Sources: FXmag.com, finance.yahoom.com
WTI Crude Oil Prices Are Under Pressure, Coffee Prices Supported By Drier Weather Conditions, Palladium Futures

WTI Crude Oil Prices Are Under Pressure, Coffee Prices Supported By Drier Weather Conditions, Palladium Futures

Rebecca Duthie Rebecca Duthie 20.07.2022 15:37
Summary;US oil benchmark rose 8%.Coffee futures rising.Palladium futures nearing 6 month lows.WTI Crude Oil prices fallingWTI crude prices dropped during Wednesday's trading day after rallying for 3 days straight, the fall in prices comes in the wake of industry data that pointed to a rise in U.S crude inventories and a looming recession which could cut demand for the commodity. Oil prices are under pressure as concerns around a global recession that could come in the wake of the global fight against a continuing increase in inflation. At the same time, the US oil benchmark rose by 8% in the three trading sessions before, supported by continuous supply tightness and a weaker dollar. WTI Crude Sep Futures Price ChartCoffee futures prices supportedArabica coffee futures prices rose on Wednesday after rebounding from their 8 month lows seen on July 14th. Market participants remain concerned around supplies from top-producer Brazil, the prices of coffee continue to be supported as concerns around drier weather conditions affecting coffee crop prospects continue. Coffee Sep ‘22 Futures Price ChartPalladium futures near 6 month lowsPalladium futures prices remained close to 6 month lows on Wednesday's trading day and fears of falling demand outweighed tighter supplies. The demand for palladium is expected to decline as the combination of recurrent covid lockdowns in China and rising interest rates being used to curb surging inflation increased the risk of a global economic recession. There are, however, still concerns around lower supplies of the metal leaving Russia as the war in the Ukraine shows no sign of slowing. Palladium Sep ‘22 Futures Price ChartSources: finance.yahoo.com, tradingeconomics.com
Technical Outlook Of The Further Movement Of Bitcoin

Altcoins: Wrapped Bitcoin (WBTC) - What Is It? - A Deeper Look Into the Wrapped Bitcoin (WBTC) Platform

Rebecca Duthie Rebecca Duthie 19.07.2022 15:27
Summary: What is The Wrapped Bitcoin (WBTC) Platform and how does it work? Advantages of the Wrapped Bitcoin exchange. Wrapped Bitcoin ’s past, present and future price positions. Read next:Altcoins: SORA (XOR) - What Is It? - A Deeper Look Into the SORA (XOR) Platform  The Wrapped Bitcoin Exchange Wrapped Bitcoin is the tokenized version of Bitcoin (BTC) that runs on the Ethereum blockchain, in other words it is an ERC-20 token. Through a WBTC partner, one Bitcoin (BTC) can be converted into one WBTC (and vice-versa). Bitcoin is the oldest and largest cryptocurrency on the market, the Bitcoin can boast a very large liquidity pool of several billion USD and a very large user base as well. However, the Bitcoin blockchain is relatively basic regarding functionality in accordance with the modern standards. The “wrapping” of Bitcoin into the Ethereum blockchain has enabled full-integration of a Bitcoin-like asset into the advanced Ethereum environment of financial decentralised applications, bringing the immense liquidity pool of Bitcoin with it. Wrapped Bitcoin also makes the job of the exchanges, payment services and wallets much easier that work with Ethereum, this is because the exchanges do not need to run two separate nodes of BTC and ETH networks, instead they can support WBTC operations just through the use of Ethereum node. The current market capitalization of Wrapped Bitcoin (WBTC) is more than $5,244 billion. There is a maximum supply of 237,832 WBTC coins, 100% of which are currently in circulation. There are different types of WBTC models, these include: Centralised, this means users rely on a firm to maintain the BTC assets value - assets are provided to a centralised monetary intermediary. Thereafter, they lock up the crypto in a smart contract and issue the corresponding ERC-20 token. Trustless, more advanced way to lock-up an asset via a decentralised system. Using this method, the centralised custodial responsibilities are transferred over to smart contracts. Your BTC remains locked in a network contract that the platform can’t adjust without approval from you. This strategy provides users with a trustless and autonomous system. Synthetic asset, here users are able to lock their BTC into a smart contract and receive a synthetic asset in return with equal value. Advantages of the Wrapped Bitcoin exchange One of the main advantages of Wrapped Bitcoin (WBTC) is its integration into the Ethereum world, its access to Ethereum wallets, smart contacts and dapps. Wrapped Bitcoin (WBTC) brings greater liquidity to the market. Wrapped Bitcoin (WBTC) integrates BTC liquidity into the flexibility of the Ethereum ecosystem. Thus, WTBC closes the liquidity loop between many DeFi and CeFi products. Scalability, transactions with Wrapped Bitcoin (WBTC) are less costly and faster and also offers more storage and transaction options. Wrapped Bitcoin (WBTC) gives its users more functionalities than just the regular Bitcoin (BTC). For example, WBTC running on the Ethereum blockchain gives WBTC users access to smart contracts. DeFi BTC, it could be argued that the expansion of Decentralised Finance (DeFi) was the basis for the creation of Wrapped Bitcoin (WBTC). Wrapped Bitcoin (WBTC) can be staked, staking is one of the most popular functionalities of DeFi, users who convert their BTC into WBTC can take advantage of next-gen protocols, for example, most require a user to lock their cryptocurrency into a smart contract for an agreed time in exchange for rewards. Yield farming protocols like Compound allow users to earn a passive income through lending out Wrapped Bitcoin (WBTC) to other users in the network via these farming pools. Yield farming has become increasingly popular in DeFi. The advantages mentioned above have aided the growth of Wrapped Bitcoin (WBTC), they have also helped construct a new sector within the crypto industry. Nowadays, more investors than ever wish to utilise WTBC services. Past, present and future prices of The Wrapped Bitcoin network (WBTC) The value of WBTC took awhile to take off after it was launched, its price began to climb in 2021, reaching its peak value $65,546.47 in late November 2021. Since its maximum peak, the value of WBTC has been falling consistently. The volatility in its price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, WBTC does fall under this category. According to some analysts, the future price of The Wrapped Bitcoin (WBTC) network could reach up to $75,239.85 by 2024 and could see a price of more than $81,435.88 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. WBTC Price Chart Sources: finance.yahoo.com, coinmarketcap.com, securities.io, help.coinbase.com, cryptonewsz.com  
Powell signals Fed needs to be nimble, Canada Inflation hits near 40-year high, bitcoin tries to hold USD20k

Concerns Around Russia Halting Gas Flows To Europe Are Growing, Rebounding Cotton Prices, Gold Prices Threatened By Ongoing Economic Uncertainty

Rebecca Duthie Rebecca Duthie 19.07.2022 14:12
Summary: NGAS prices are rising amidst supply concerns. Risk of gold experiencing further declines. India’s monsoon season and cotton prices. Read next: IBM Beat Market Earnings Expectations For Their Second Quarter  Natural Gas Prices Rise NGAS futures have risen to levels that have not been seen in more than a month, amidst a demand that has been driven by weather, whilst simultaneously the uncertainty around supply of gas in the Eurozone kept demand for US LNG exports supported. In Europe, fears have been growing around the possibility that Russia will cut gas flows to the continent and jeopardize the EU’s goal to fill 80% of their storage capacity by the next winter season. Reuters has recently reported that Russia's Gazprom has informed its European customers that it cannot guarantee gas supplies due to 'extraordinary' circumstances, a move that Europe describes as retaliation for sanctions imposed on Moscow for invading Ukraine. NGAS Aug ‘22 Futures Price Chart Gold Futures Close To one year lows Gold prices have been remaining close to its lowest levels in almost a year and have been facing constant downward pressure from aggressive US monetary policy tightening and a stronger US Dollar which became increasingly more attractive than the non-yielding metal in serving as a hedge against ongoing economic uncertainty. Gold futures also struggled to hold their intraday gains on Monday despite the dollar’s retreat, which was considered as a technical weakness by analysts and in fact could increase the risk of gold experiencing further declines. Gold Aug ‘22 Futures Price Chart Cotton prices rebounded Cotton prices have rebounded since touching nine-month lows on July 14th as speculators in the commodity market took advantage of the lower prices and the monsoon season in India, the top producer. At the same time investors continue to digest the USDA’s July supply and demand report. Cotton Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
SEK: Riksbank's Impact on the Krona

IBM Beat Market Earnings Expectations For Their Second Quarter

Rebecca Duthie Rebecca Duthie 19.07.2022 13:47
Summary: IBM trading in the red for pre-market trading. Earnings beat market expectations IBM Second Quarter Earnings Report International Business Machines (IBM) reported their second quarter earnings on Monday, the share price for IBM weakened in pre-market trading. The tech group posted second quarter earnings that came out better-than-expected they did, however also indicate to the market that the impact of the strongest dollar seen in more than two decades could have a negative impact on the full-year sales figures. IBM indicated their revenues rose 9% in June from last years, the company’s adjusted earnings per share, although lower than the same time last year, beat market expectations by around 4 cents. IBM Price Chart Sources: thestreet.com, finance.yahoo.com
What Is BitTorrent (BTTC)? Speed, File System, Rewards. How Does BitTorrent Work?

Altcoins: SORA (XOR) - What Is It? - A Deeper Look Into the SORA (XOR) Platform

Rebecca Duthie Rebecca Duthie 18.07.2022 17:27
Summary: What is The SORA Platform and how does it work? Uniqueness of the SORA exchange. SORA’s past, present and future price positions. Read next: Altcoins: Maker (MKR) - What Is It? - A Deeper Look Into the Maker (MKR) Platform & It’s Relationship With DAI  The SORA Exchange The SORA platform is about the creation of a supranational economic system that efficiently provides capital to its users, thus, giving humanity a push forward as well as a supranational and democratic governance structure that allocates capital fairly. It is a system with two functions, the first is a new economic system that has decentralised the concept of a central bank, and secondly, it is a network that implements a new way to architect a parachain blockchain which connects to the Polkadot relay chain and ecosystem with built-in tools that focus on decentralised finance (DeFi). The SORA network is extremely good at providing tools for DeFi applications that make use of digital assets, such as bridging tokens to other blockchains, atomic token swaps and aids in the creation of programmatic rules that involve digital assets. SORA XOR is the native utility token for the network. Its uses include: XOR is used for transaction fees (gas) on the SORA substrate network. The XOR is used for elastic supply which is managed by a token bonding curve. The XOR also allows for some holders of a certain amount to become a member or citizen of SORA’s parliament. XOR can also be used to add liquidity to pairs on Polkaswap. XOR can also be used to stake for users to become a validator or to nominate validators on the SORA network. XOR tokens were capped at 350,000 until its SORA v2 substrate network was launched in April 2021, whereby the XOR supply is managed elastically by a token bonding curve smart contract with both buy and sell functions. There are currently 1,011,557.40 XOR tokens in circulation. The total market capitalisation for SORA is currently more than $3.5 million. SORA’s Uniqueness within the crypto ecosystem The SORA platform makes use of a substrate network which bridges Ethereum and will bridge Bitcoin to make cross-chain communications with both blockchains possible, whilst connecting to both Polkadot and Kusama. This move will allow the Bitcoin and Ethereum communities to make use of SORA in order to access both Kusama and Polkadot via a user-friendly bridge. With the integration of Polkaswap, users will be able to trade any asset on Ethereum and Bitcoin on the Kumama and Polkadot networks and provide real cross-chain swaps. The SORA Parliament is the governance structure that is used for the SORA network, one of its main tasks is to allocate any newly minted XOR towards productive projects. The Parliament has many bodies with a clear power separation where the members are randomly selected. It is built around three main concepts: Isonomia: the principle that everyone who is a citizen has political equality Isegoria: the right of all citizens to speak and contribute Sortition: randomly choosing groups of citizens to make decisions To compensate citizens for their time, 1% of the funds that are allocatable to projects for productive uses shall be distributed to citizens. Past, present and future prices of The SORA network (XOR) The price of the XOR token climbed overall throughout the second half of 2020. During the first half of 2021 the XOR price spiked and fell repeatedly and reached a maximum price of $817.455 in early April, thereafter the price of XOR fell and spiked again. Since its maximum price in April 2021, XOR has been on an overall declining trend. The volatility in its price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, XOR does fall under this category. According to some analysts, the future price of The SORA network (XOR) could reach up to $127.67 by 2026 and could see a price of more than $651.84 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. XOR Price Chart Sources: finance.yahoo.com, coinmarketcap.com, medium.com, priceprediction.net
The EUR/USD Pair Could Resume Its Larger Degree Downtrend

ECB Upcoming Policy Rate Decision Offers Euro Support (EUR/USD, EUR/GBP), Higher Than Expected NZ CPI Inflation Data (GBP/NZD), (USD/CAD)

Rebecca Duthie Rebecca Duthie 18.07.2022 16:49
Summary: EUR recovering against the USD. ECB interest rate decision due on Thursday. UK economic data to be released this week. NZ CPI inflation rose 1.7%. Read next: Hawkish Fed Is Driving Gold’s Value Down , Corn Prices At 5-week Lows, Brent Crude Oil Prices Falling  Euro attempting to recover against the USD The market is reflecting bullish signals for this currency pair. The Euro has been attempting to recover against the US Dollar during the Monday trading day and could continue to rise in the coming days if all goes well for Eurozone economies on Thursday after the European Central Bank (ECB) announces their policy decision. In addition there is still market uncertainty around whether Russian gas flows will continue through the Noord Stream 1 after its maintenance ends on July 21st, this remains one of the greatest risks to the Euro. EUR/USD Price Chart Pound sterling could weaken more against the EUR The market is reflecting bullish signals for this currency pair. The EUR/GBP currency pair could strengthen more in the coming days as the market awaits the ECB’s interest rate decision. There is however, some UK economic data that is due to be released which could offer the pound sterling support against the Euro and other currencies. EUR/GBP Price Chart NZ inflation data weakening the NZD. A rise in New Zealand inflation data shocked investors and raised bets for a faster and more hawkish response from the Reserve Bank of New Zealand (RBNZ). However, fears of a ‘hard landing’ for the Kiwi economy have grown as investors are fearing that the combination of rising interest rates and high inflation will negatively impact economic expansion, which may aid in explaining the NDZ’s negative reaction to the data. According to Stats NZ, CPI inflation in NEw Zealand rose 1.7% quarter on quarter, surpassing the markets expectation of a 1.5% increase/ GBP/NZD Price Chart USD/CAD The market is reflecting bearish signals for this currency pair. The Canadian Dollar has continued its rally against the US Dollar after the Bank of Canada (BoC) surprised markets last Wednesday with a 100 basis point hike in interest rates. USD/CAD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com  
Crude Oil Ended Higher | Initial Jobless Claims Rose Marginally

UK Oil Benchmark Fell 5%, Price Of Silver Reaching July 2020 Lows, Corn Commodities

Rebecca Duthie Rebecca Duthie 18.07.2022 16:31
Summary: Corn commodities and the agricultural market. OPEC+ and Saudi ministers. Aggressive Fed driving silver demand down Brent Crude Oil prices Investors are trying to deal with tighter supplies as risk appetite has seemingly returned to the markets, driving the price of Brent crude up. Ministers in Saudi Arabia insisted that future policy decisions would be made in accordance with the August 3rd OPEC+ meeting and with keeping market dynamics in mind. In addition, Libya indicated their oil ports and fields will begin functioning again and electricity output will increase after months of outages. Diesel and Gasoline demand fell during the first half of July in India due to seasonal rainfalls. The UK oil benchmark fell 5% and has been on the decline since the middle of June due to growing recession concerns. Brent Crude Oil Futures Price Chart Silver affected by aggressive monetary policy tightening Silver prices have been falling to their lowest level since July 2020 amidst concerns around demand in China and an aggressive monetary policy tightening Federal Reserve who are committed to fighting sky-high inflation. The reiteration from the Fed around their determination to control sky-high inflation has expectations for a July interest rate hike set at 75 basis points. Silver Sep ‘22 Futures Price Chart Corn Commodities falling to 5 week lows Corn commodities have been extending their decline to almost 5 week lows tracking a broader decline within the agricultural commodity market. Corn production forecasts for the 2022/2023 years were revised upwards by 45 million bushels in the United States due to greater harvesting and planting areas. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Hawkish Fed Is Driving Gold’s Value Down , Corn Prices At 5-week Lows, Brent Crude Oil Prices Falling

Hawkish Fed Is Driving Gold’s Value Down , Corn Prices At 5-week Lows, Brent Crude Oil Prices Falling

Rebecca Duthie Rebecca Duthie 18.07.2022 09:33
Summary: The Federal Reserve continues on its hawkish monetary policy tightening path. Data released in the latest USDA’s demand and supply report. Brent crude prices are set to end the trading week lower Gold Prices touching 15 month lows Gold prices are headed near 15 month lows on Friday, on track for its 5th week decline in a row. The falling gold price comes in the wake of expectations that the Federal Reserve will continue on its aggressive monetary policy tightening path. Investor bets of a 100 basis point rate hike are strengthening after a higher than expected US inflation data reading was released on Wednesday hitting its highest level since 1981. As the Federal Reserve continues on its hawkish monetary policy path, the opportunity cost of holding the non-yielding metal increases and thus the demand for gold, driving the prices down. Gold Aug ‘22 Futures Price Chart Corn prices at 5-week lows Corn prices continued their price decline to its lowest in five-weeks, following the border agricultural commodities market trend as the market digested new data released in the latest USDA’s demand and supply report. As drier weather forecasts are expected in US and European growing belts there is pressure on the September crop outlook, in addition supplies are expected to increase. Corn Dec ‘22 Futures Price Chart Brent Crude Oil Prices Although Brent crude prices are set to end the trading week lower, they rose on Friday. Brent Crude prices are falling in the wake of concerns around an economic slowdown dampening demand for the commodity. The UK Crude benchmark briefly fell below $95 per barrel on Thursday to a level not seen since Russia invaded the Ukraine as investors were concerned that faster monetary policy could cause oil demand to take a hit. A rallying dollar and new Covid-19 outbreaks in China played their part in weighing on Brent crude prices. OPEC member countries are reportedly pumping at maximum capacity and the prospects for additional supply are unclear. Brent Crude Oil Price Chart Sources: finance.yahoo.com, tradingeconomics.com
ECB Rate Announcement On Thursday (EUR/USD, EUR/GBP), AUD Falls In Wake Of Shrinking Chinese Economy (AUD/JPY)

ECB Rate Announcement On Thursday (EUR/USD, EUR/GBP), AUD Falls In Wake Of Shrinking Chinese Economy (AUD/JPY)

Rebecca Duthie Rebecca Duthie 16.07.2022 14:13
Summary:The Euro is yet to break through parity convincingly at this point.Noord Stream is due to open on Thursday.AUD reliance on external factors weighing on the currency.Euro supported by next week's key eventsThe market is reflecting bullish signals for this currency pair. Although the Euro has been attempting parity throughout the trading week, it is yet to break through convincingly at this point. Next Thursday the European Central Banks (ECB) interest rate announcement is due, corresponding with the day the Noord Stream 1 re-opens and will confirm investor expectations of whether or not gas flow will come from Russia. With political uncertainty in the mix, there is no certainty that gas flows will resume. EUR/USD Price ChartPound sterling heading towards a loss against the EuroThe market is reflecting bullish signals for this currency pair. The pound sterling is heading towards a weekly loss against the Euro but has shown little differentiation over the past week. Aggressive monetary policy tightening from the Fed could mean the Bank of England (BoE) will need to keep up in order to attempt to defend the pound sterlings value. EUR/GBP Price ChartAUD/JPY currency pairThe market is reflecting bearish signals for this currency pair. The Australian Dollar fell in the wake of Chinese economic data indicating the Chinese economy had shrunk, living up to its reputation of being a proxy for exposure to China. The Aussie Dollar has been under pressure this week due to its reliance on external factors. AUD/JPY Price ChartSources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
5 Cryptocurrencies To Keep A Watch On: Uniswap (UNI), Decentraland (MANA), Algorand (ALGO), NEM (XEM), ZCash (ZEC)

5 Cryptocurrencies To Keep A Watch On: Uniswap (UNI), Decentraland (MANA), Algorand (ALGO), NEM (XEM), ZCash (ZEC)

Rebecca Duthie Rebecca Duthie 15.07.2022 14:39
Summary: A summary of UNI, MANA, AQLGO, XEM, ZEC Automated Market Maker Model, NFTs, Liquidity pools Proof of work, proof of stake, proof-of-history, proof-of-importance. Uniswap (UNI) Platform Uniswap is an automated liquidity provider that operates on the Ethereum blockchain, Uniswap is also supposed to make it easier for users to exchange Ethereum (ERC-20) tokens. The Uniswap protocol does not have a central facilitator (intermediary) nor an orderbook, instead tokens are exchanged through liquidity pools that are defined by smart contracts. Uniswap is the largest decentralised exchange (DEX) on the Ethereum blockchain. It acts as a medium of exchange for people anywhere in the world wanting to trade cryptocurrencies without a need for an intermediary. UNI is Uniswaps governance token, owning these tokens allow users to vote on any key changes. Uniswap is also one of the largest cryptocurrencies on Coinbase, in terms of market capitalization. Uniswap is powered by the Automated Market Maker model, this works by users supplying Ethereum tokens to Uniswap’s liquidity pools, thereafter algorithms set market prices based on the laws of supply and demand. Read more: Altcoins: Uniswap Protocol (UNI), What Is it? - A Deeper Look Into The Uniswap Protocol  Decentraland (MANA) platform Decentraland defines itself as a virtual reality platform, it is powered by the Ethereum blockchain which allows its users to experience, create, and monetise applications and content. In this virtual world, users can buy plots of land and monetise them by navigating and building upon them. Decentraland uses two tokens, MANA and LAND. MANA is an ERC-20 token that requires being burned in order to gain non-fungible ERC-721 LAND tokens (NFTs). MANA tokens can be used by users to buy a range of wearables, avatars, names and more on the Decentraland marketplace. Read more: Altcoins: Decentraland (MANA), What Is It? A Deeper Look Into The Decentraland Platform  Algorand (ALGO) platform Algorand is a self-sustaining, decentralised, block-chain based network which supports many applications. The aforementioned systems are scalable, efficient and secure, all of which are critical for effective applications in the real world. In addition, Algorand supports computations that require reliable performance guarantees in order to create new forms of trust. Algorand claims to be the world’s most “decentralised, scalable, and secure blockchain infrastructure”. The Algorand platform is sustainable and is powering economic models of the future through generative NFT art (and everything that comes in between) and decentralised finance (DeFi). The Algorand platform is releasing scalability through the use of fusing TradFi and DeFi, and accelerating sustainability globally. Algorands mainnet went live in June 2019, and was able to process almost 1 million transactions per day as of December 2020. Algorand was the first ever permissionless proof-of-stake (PoS) protocol on the blockchain and its performance is nothing short of phenomenal. The platform is a smart contract platform that is similar to Ethereum, but has some key differences that make it more advantageous. Read next: Altcoins: Algorand (ALGO), What Is It? - A Deeper Look Into The Algorand Platform  NEX (XEM) Platform NEM or “New Economy Movement”, aims to provide a more efficient way to move blockchain assets and verify them for enterprise-level clientele. To this extent, the company functions as a sort of missing link between the public and private blockchains through connecting this network in ways that expand usability. The NEM platform introduces a new consensus mechanism to the market, the Proof-of-Importance (PoI), this new consensus takes into account the time and amount of money users have invested in the NEM network. The Proof-of-Importance algorithm has the requirement that a user has more than 10,000 XEM vested in the system in order to generate new blocks. Users that are able to add new blocks to the NEM blockchain receive rewards and a portion of the transaction fees generated. Supernodes borrow a users Proof-of-Importance score linked to their account to complete blocks on the users behalf. This ensures the NEM remains secure without requiring all users to exert effort. Read more: Altcoins: NEM (XEM) What Is It? - A Deeper Look Into The NEM Platform  ZCash (ZEC) Platform ZCash is a decentralised cryptocurrency that places its focus on anonymity and privacy. The ZCash exchange uses the zero-knowledge (zk-SNARK) proof of technology, which allows the nodes on the network to verify transactions without revealing any sensitive information regarding those transactions. Although making transactions on the ZCash platform still requires being relayed through a public blockchain, ZCash does not reveal the receiving and sending addresses or the amount being transacted. However, if desired by the user, this information can be revealed on request for auditing or regulatory compliance needs. ZCash has four types of transactions, Public (t-to-t): occurs between two transparent addresses. Shielding (t-to-z): occurs between a t-address(sender) and a z-address (receiver), transaction is private on the z-address but public on the t-address. Deshielding: (z-to-t): occurs from t-address to z-address, the transaction is private on the z-address but public on the t-address. Private (z-to-z): occurs between a t-address and a z-address, all aspects of the transaction are not visible to the public, only recording that a transaction did occur. Read more: Altcoins: ZCash (ZEC), What Is It? - A Deeper Look Into The ZCash Platform  Sources: FXMAG.com  
USD/JPY Reaching 130-135? It Seems It Maybe Not Impossible

Dow 30 Index, Hawkish BoC Offers The Canadian Dollar Support

Rebecca Duthie Rebecca Duthie 15.07.2022 01:05
Summary: Investor uncertainty. Canadian Dollar Read next: EUR/USD Falls Below Parity, Eurozone Energy Crisis Concerns Persist (EUR/GBP), Hawkish BoC (USD/CAD), USD/JPY  The Dow 30 closed almost 0.5% down The Dow Jones Industrial Average (DJIA) closed almost 0.5% lower at the time of market closing on Thursday. The fall in the Dow comes in the wake of investor uncertainty as recession and earnings discussions from major banks continue whilst still reeling from the release of US inflation data that shocked the markets and prospects of a 100 basis point interest rate hike from the Federal Reserve. DJIA Price Chart Canadian Dollar On Wednesday the Bank of Canada (BoC) shocked the financial markets with their largest cash rate hike since 1998 of 1%. The hawkish move from the BoC has offered the Canadian Dollar support and has thrown a curveball at investors, leaving a range of responses from analysts. The current cash rate are at their highest level since October 2008, the move had outdone the Federal Reserve in its methods of bringing down local inflation. BoC raised its cash rate 100 bps from 1.5% to 2.5%. Sources: finance.yahoo.com, fxmag.com, poundsterlinglive.com
MSFT Stock Price Analysis: Bearish Signals Point to Potential Decline

EUR/USD Falls Below Parity, Eurozone Energy Crisis Concerns Persist (EUR/GBP), Hawkish BoC (USD/CAD), USD/JPY

Rebecca Duthie Rebecca Duthie 14.07.2022 17:34
Summary: The Eurozone energy crisis persists. Potentially more hawkish BoE could be on the horizon. BoC 1% raise in interest rates offers CAD support. Read next: Platinum Prices Touchine 22-month Lows, RBOB Gasoline, Wheat Consumption Expected To Decrease  Stock Markets weighing an even more aggressive Fed The market is reflecting bearish signals for this currency pair. The Euro to US Dollar exchange rate has fallen below parity in the wake of a surge in US Dollar demand. Looking at the combination of events leading to the fall of the EUR/USD, we observe that the stock markets are in the red as they attempt to anticipate the potential effects from a potential 100 basis point hike from the Federal Reserve. The Euro is still struggling as concerns around the seemingly unwavering energy crisis in the Eurozone persists. EUR/USD Price Chart Potentially more hawkish BoE could be on the horizon The market is reflecting bearish signals for this currency pair. The most recent commentary suggests to the market that the Monetary Policy Committee at the Bank of England (BoE) is only one employment report or one inflation number away from a step change in the pace the Bank Rate is being lifted, and that a change of this sort could come as soon as August. This move could offer the pound support going forward. EUR/GBP Price Chart BoC hawkish moves offering CAD support The market is reflecting bearish signals for this currency pair. The US Dollar had a strong start to Thursday's trading day as investors priced in the growing expectations for a 100 basis point increase in interest rates from the Fed in the wake of the 9.1% US inflation data that was released on Wednesday. On Wednesday the Bank of Canada (BoC) shocked markets with their largest interest rate hike since 1998. The hawkish move from the BoC has offered the Canadian Dollar support and has thrown a curveball at investors, leaving a range of responses from analysts. USD/CAD Price Chart USD/JPY The market is reflecting bearish signals for this currency pair. The US Dollar has reversed yesterday's pullback which occurred in the wake of US inflation data being released. The BoJ continues on their dovish monetary policy path. USD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Cross-Chain Interoperability Solutions Have The Potential To Significantly Improve

Altcoins: Maker (MKR) - What Is It? - A Deeper Look Into the Maker (MKR) Platform & It’s Relationship With DAI

Rebecca Duthie Rebecca Duthie 14.07.2022 15:57
Summary: What is The Maker Platform and how does it work? Advantages of the Maker exchange. Maker’s past, present and future price positions. Read next: Altcoins: Gnosis (GNO) - What Is It? - A Deeper Look Into the Gnosis (GNO) Platform  The Maker Exchange Maker (MKR) is the governance token of the MakerDAO which is a decentralised application and Maker Protocol which is a software platform, both of which are based on the Ethereum blockchain which allow users to manage and issue the DAI stablecoin. The Maker project whose task is to operate DAI, DAI is a stablecoin that is based on the Ethereum (ETC) blockchain, whose development and issuance is managed by the makerDAO decentralised autonomous organisation and the maker protocol. DAI’s price is soft-pegged to the US Dollar and is collateralised by a mixture of different cryptocurrencies all of which are deposited into smart-contract vaults everytime that new DAI are minted. MKR tokens act as a kind of voting share for the organisation that manages DAI, they do not pay dividends to the token holders, however, they do give the holders voting rights over The Maker Protocol’s development. The MKR tokens are also expected to appreciate in value in accordance with DAI’s success. The Maker ecosystem happens to be one of the earliest projects on the DeFi scene. Decentralised Finance (DeFi) refers to the industry that seeks to build decentralised financial products on top of smart-contract-enabled blockchains, such as Ethereum. The current market capitalisation for the Maker protocol is more than $805 million. There is a maximum supply of 1,005,577 tokens and 97,631.04 (97%) of them are currently in circulation. How is Maker (MKR) unique? The uniqueness of MKR lies in the fact that it allows its holders to participate directly in the DAI governing process. Every MAker token holder is awarded with the right to vote on a number of changes to the Maker protocol, their voting power is dependent on the size of their MKR stake. Some of the aspects of the protocol the holders can vote on are: Adding new collateral asset types to the protocol, allowing users to submit new cryptocurrencies to mint more DAI; Amend the risk parameters of existing collateral asset types; Change the DAI Savings Rate: holders of DAI tokens can earn savings by locking them in a special contract, and the Savings Rate impacts the profitability of that contract; Choose the oracles — entities whose goal is to supply trustworthy off-blockchain data to the Maker ecosystem; Upgrades to the platform. The ability for MKRs token holders to participate in the management of one of the largest stablecoins on the market is mainly what drives demand for the MKR tokens and thus, affects their value. Advantages of the Maker protocol The Maker platform has one of the highest total value “locked” (TVL) in a Decentralised Finance (DeFi) application at around $15.5 billion. There are more than 400 applications and exchanges that now use Dai and it’s a common trading pair within the DeFi ecosystem. MKR coin holders have an opportunity to vote on how the platform runs and oversee Dai. Maker accepts multiple assets as collateral, including centralised stablecoins and assets. Past, present and future prices of The Maker network (MKR) The first price peak for the Maker (MKR) token happened on 1 January 2018 at a price of $1,386.99, thereafter the price of MKR saw volatility with prices jumping upwards and downward until the start of 2021. At the start of 2021 and all through the quarter of the year the price of MKR climbed to reach its all-time highest price of $4,355.27 in April. Since then the price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, MKR does fall under this category. According to some analysts, the future price of The Maker network (MKR) could reach up to $7,534.46 by 2027 and could see a price of more than $46,924.73 by 2032. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. MKR Price Chart Sources: sofi.com, coinmarketcap.com, finance.yahoo.com, technewsleader.com
Russia Look Set To Double Its Exports For The First Half Of 2023

Platinum Prices Touchine 22-month Lows, RBOB Gasoline, Wheat Consumption Expected To Decrease

Rebecca Duthie Rebecca Duthie 14.07.2022 14:17
Summary: The market expects lower demand for Platinum. Wheat Futures are approaching near four-month lows. Expensive Gasoline prices are keeping summer drivers off the road. Read next: Recession Fears Continue To Weigh On The Commodity Market: Coffee, Palladium & WTI Crude  Platinum prices are falling Platinum futures are touching 22 month lows as prospects of lower demand outweighed prospects outweighed supply concerns. Higher than expected US inflation data increased expectations of tighter and more aggressive monetary policy. In addition, the fresh new Covis cases in China are causing demand expectations to fall. Supplies are also expected to remain low as supply shipments from Russia disruptions continue. In addition, during June Britain sanctioned the chief executive and principal shareholder of Nornickel, Vladimir Potanin. Nornickel is the 3rd largest producer of the metal. Platinum Oct ‘22 Futures Price Chart Wheat supplies are expected recover Wheat Futures are approaching near four-month lows, and extending is move away from pre-Russian invasion levels receiving support from a stronger supply outlook. The combination of a forecast that reflected a decrease in consumption for the rest of the world for the 2022/23 marketing year as well as new data from the USDA’s supply and demand report pointed to a sharp increase in the supply, exports, and ending stocks of wheat in the United States. At the same time, concerns around a worldwide recession led the consumption estimated to be revised downward. Chicago Wheat Sep ‘22 Futures Price Chart RBOB Gasoline Expensive Gasoline prices are keeping more drivers off the road in the US than at the height of the pandemic. Gasoline demand tumbled last week, below the same week in 2020 and to the lowest (seasonally) since 1996. The numbers now paint a clearer picture of demand faltering amid mounting concerns over a wider economic slowdown. RBOB Gasoline Aug ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Twitter (TWTR) Determined To Force Musk To Honor Merger Agreement

Twitter (TWTR) Determined To Force Musk To Honor Merger Agreement

Rebecca Duthie Rebecca Duthie 13.07.2022 17:44
Summary: Twitter will force Elon Musk to buy. Twitter took Musk to court on Tuesday. Read next: Euro Remains Under Pressure As European Gas Crisis Persists (EUR/USD, EUR/GBP, EUR/CHF), RBNZ Increased Cash Rate (GBP/NZD)  Elon Musk Forced to buy Twitter Twitter came through on its promise to force Elon Musk to honor his agreement to buy the social media giant suing the SpaceX and Tesla CEO in a Delaware court on Tuesday. Twitter doubled down last week after they received a letter from Musk’s legal team indicating that he intended to withdraw from the deal. The Twitter board chairman, Bret Taylor tweeted that TWTR remained “committed” to closing the deal with Musk at the terms that were previously agreed upon and signaled Twitter's intentions to “pursue legal action to enforce the merger agreement.” TWTR Price Chart Sources: finance.yahoo.com
Trading Signals For The New Zealand Dollar To Swiss Franc Pair (NZD/CHF)

Euro Remains Under Pressure As European Gas Crisis Persists (EUR/USD, EUR/GBP, EUR/CHF), RBNZ Increased Cash Rate (GBP/NZD)

Rebecca Duthie Rebecca Duthie 13.07.2022 17:26
Summary: US inflation at 9.1%. Retreating USD and buoyant commodity prices offered NZD support. UK GDP data beat market expectations. EUR remains under pressure due to gas crisis. Read next: US Inflation Reaches Nearly 41 Year High, RBNZ & BoC Increase Their Cash Rates  EUR/USD The market is reflecting bearish signals for this currency pair. Early on Wednesday the EUR/USD currency pair hit parity, a level not seen in 20 years. US inflation data for June was released on Wednesday and came in at 9.1%, a level that had increased since the May reading of 8.6%. Inflation has risen further despite the Fed’s continuous effort to drive inflation rates down through aggressive interest rate increases. The Euro will continue to remain under pressure amidst the European gas crisis which is far from over. EUR/USD Price Chart UK GDP Data beat expectations The market is reflecting mixed signals for this currency pair. With the UK GDP data coming in surprisingly strong in the mid-trading week has led Goldman Sachs to lower their expectations for a looming recession in the UK economy. All components of the UK economy played their part in contributing to the better than expected data: manufacturing production increased 2.3% in May against a consensus forecast for 0.2%. Industrial production grew 0.9% against expectations for flat output and construction output increased 4.8% against the 4.4% expected. EUR/GBP Price Chart EUR/CHF Currency pair The market is reflecting bearish signals for this currency pair. The Swiss National Bank (SNB) surprised the markets in June with a 50 bps hike in interest rates. The SNB hosts quarterly meetings to discuss monetary policy, the next meeting is due in September whereas the European Central Bank (ECB) will make its decision regarding monetary policy at the end of the month. EUR/CHF Price Chart GBP/NZD pushing downwards The Reserve Bank of New Zealand increased their cash rate by 50 bps on Wednesday in an attempt to reign in persistent inflation. Although the move from the reserve bank was fully priced-in to the financial markets, the retreating US Dollar and buoyant commodity prices allowed room for the NZD to a number of currencies downward, including the pound sterling. GBP/NZD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Industrial Metals Outlook: Assessing the Impact of China's Stimulus Measures

US Inflation Reaches Nearly 41 Year High, RBNZ & BoC Increase Their Cash Rates

Rebecca Duthie Rebecca Duthie 13.07.2022 16:56
Summary: The US CPI inflation came in at 9.1%. The RBNZ lifted its cash rate 50 bps from 2% to 2.5%. BoC raised its cash rate 100 bps from 1.5% to 2.5%. US CPI Inflation The US released their Inflation data for June on Wednesday, the reading came in at 9.1%, its highest rate in nearly 41 years. The rate came in higher than the 8.6% reading for May which caused the Federal Reserve to shift to a faster pace of interest rate hikes. Stocks fell in the wake of the news being released and Investors are watching closely for clues about the economic outlook for the US. Reserve Bank Of New Zealand Hawkish The New Zealand Dollar (NZD) edged higher on Wednesday, this change may have more to do with the retreat of the US Dollar rather than the fast monetary policy tightening the Reserve Bank of New Zealand (RBNZ) has chosen to take. The RBNZ lifted its cash rate 50 bps from 2% to 2.5% on Wednesday, reaching its highest level since 2016. Although the latest policy decision was widely expected by economists and thus fully priced-in by the financial markets, there was a limited reaction to the news for the NZD. Bank of Canada The Bank of Canada (BoC) surprised the markets on Wednesday by pushing its interest rates up to their highest level since October 2008, the move has outdone the Federal Reserve in its methods of bringing down local inflation. BoC raised its cash rate 100 bps from 1.5% to 2.5%. Sources: poundsterlinglive.com, wsj.com
Recession Fears Continue To Weigh On The Commodity Market: Coffee, Palladium & WTI Crude

Recession Fears Continue To Weigh On The Commodity Market: Coffee, Palladium & WTI Crude

Rebecca Duthie Rebecca Duthie 13.07.2022 14:23
Summary: WTI Crude Prices falling. Concerns about weakening coffee demand. Fears of fresh Covid lockdown measures in China persist. Read next: Demand Is Rising For NGAS, Strong Supply Prospects For Cotton, Investors Turn To The US Dollar As An Inflation Hedge Instead Of Gold  WTI Crude Oil Falling WTI Crude futures tumbled around 8% during Tuesday's trading day as traders continued to weigh weakening demand, recession fears and China’s most recent covid-19 outbreaks. In addition investors are awaiting the latest US Inflation data release which could bolster the Federal Reserve's aggressive monetary policy tightening and thus heighten fears of a recession. At the same time US crude inventories have reportedly risen by 4.76 million barrels during the previous trading week. WTI Crude Oil Futures Aug Price Chart Coffee Prices have been falling Coffee Futures have been trading lower amidst fears that the economic slowdown will negatively affect demand whilst supply remains stable. Coffee exports have risen, however Brazil is behind their year-on-year harvest. Coffee Sep ‘22 Futures Price Chart Palladium prices 35% down Palladium prices are 35% down from their all time high hit in March earlier this year in the wake of new concerns around weak demand from China which has overshadowed the persisting fears around tight supplies. A new omicron variant found in China has heightened fears of fresh Covid lockdown measures in Shanghai which could further damage economic growth and put a dent in the demand for the metal from the world's largest consumer. Palladium Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Dr. Copper: Building a Foundation Amidst Commodity Challenges

Altcoins: Gnosis (GNO) - What Is It? - A Deeper Look Into the Gnosis (GNO) Platform

Rebecca Duthie Rebecca Duthie 13.07.2022 13:37
Summary: What is The Gnosis Platform and how does it work? Advantages of the Gnosis exchange. Gnosis’s past, present and future price positions. Read next: Altcoins: Numeraire (NMR) - What Is It? - A Deeper Look Into the Numeraire (NMR) Platform & Trading Based On AI-Generated Market Predictions  The Gnosis Platform Gnosis (GNO) is an open-source decentralised prediction market platform that is based on the Ethereum blockchain. The company's main objectives include but are not limited to; the standard for predictive assets, customised information search and Gnosis hopes to become the most effective tool for forecasting in the industry. GnosisDAO builds decentralised infrastructure for the Ethereum ecosystem. In November 2021 the Gnosis DAO and xDAI community held a vote to combine their vibrant ecosystems of these two platforms, the combination created the Gnosis Chain, which is an Ethereum forerunner-companion that addresses scaling issues through solid engineering. Gnosis Chain is the execution-layer EVM chain that is associated for stable transactions, the chain makes use of the xDAI token and includes a wide-ranging group of projects and users. The main interoperable products of Gnosis are used for trading, creating and holding digital assets on Ethereum. The current market capitalization of Gnosis is currently at more than $277 million. GNO has a maximum supply of 10 million GNO tokens; 2,579,588 (26%)are currently in circulation. Gnosis is a fully permissionless decentralised exchange, its ring trade feature allows trades that share liquidity to get maximum liquidity across all orders. Trade settlements happen every 5 minutes. The Gnosis protocol V2 batch auctions offer maximum extractable value integration and protection with liquidity sources in decentralised exchanges for best-priced trades. The Gnosis GNO ecosystem has three main layers; The Gnosis core layer consists of smart contracts, these smart contracts govern the outcome creation, settlement and they provide a market mechanism. The layers are always available for use. The main two smart contracts are Epochtoken locker which deals with a staged deposit, withdrawal of funds as well as deposit balance and Batchexchange which deals with all exchange-related logic, adjustments and orders placement and verification of solutions and submission. The Gnosis service layer offers additional services, these services include chatbots, optimization tools, and stable coins. Gnosis application layer stands as a tool to help predict market use cases or customer segments. Gnosis and third parties build applications. Advantages of the Gnosis platform and GNO token The open-source nature of the platform creates safety and security for the platform's users. The open-source also allows users to vet the coding. Thus, they are less likely to have attack vectors. The Gnosis system also makes it more simple for users to trade, create and hold digital assets. The Gnosis platform was built with the desire for it to be scalable. The protocol leverages the Gnosis Chain to improve performance. Gnosis provides its users with lower fees and faster transaction times compared to some other programmable networks. Gnosis can be used for large scale transactions due to the network averaging 5-second transactions. Gnosis platform allows its users to benefit from forecasting (predicting future market movements), these market-driven actions provide a valuable service as a source of information and standards for predictive assets in this market. Past, present and future prices of The Gnosis network (GNO) The price of the Gnosis (GNO) token hit its first peak on New Years Eve 2017-2018 at a price of $396.86, thereafter the price fell throughout 2018 and remained low until half way through 2020, when the price began to climb again. GNO’s price climbed steadily throughout the second half of 2020 and the whole of 2021, reaching its all time high of $529.48 in late December of 2021. Since then the price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, GNO does fall under this category. According to some analysts, the future price of The Gnosis network (GNO) could reach up to $1,019.82 by 2025 and could see a price of more than $3217.74 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. GNO Price Predictions Sources: finance.yahoo.com, coinmarketcap.com, cryptonewsz.com
Franc Records 11th Consecutive Daily Decline Against the Dollar as US Economic Concerns Mount

Altcoins: Numeraire (NMR) - What Is It? - A Deeper Look Into the Numeraire (NMR) Platform & Trading Based On AI-Generated Market Predictions

Rebecca Duthie Rebecca Duthie 12.07.2022 19:34
Summary: What is The Numeraire Platform and how does it work? Advantages of the Numeraire exchange. Numeraire’s past, present and future price positions. Read next: Altcoins: Compound (COMP) - What Is It? - A Deeper Look Into the Compound (COMP) Platform  The Numeraire Platform Numerai is a platform that is Ethereum-based that allows both data scientists and developers to experiment and create machine learning models, with more reliability. The main goal of the Numerai platform is to introduce decentralisation to the data science field and it aims to allow developers to compete in creating effective machine learning prediction models. Numeraire powers Numerai, Numerai is a San Francisco-based hedge fund that crowdsources artificial intelligence in order to make investments in major stock markets around the world. Numeraire (NMR) tokens holders are able to stake their tokens every week based on specific predictions. Successful predictions are further rewarded with more NMR. Numaraire was founded in 2015, Numerai claims to be the first hedge fund to launch a cryptocurrency in the crypto market. Numerai differs from traditional hedge funds in that it relies on the predictions and data that is produced by tournament participants to participate in the stock market; they also claim to be the first hedge fund to use machine learning so heavily in their investment strategy. The current market capitalization of Numeraire is more than $87 million. There is a maximum supply of 11 million NMR tokens and 5,888,503.64 of them are currently in circulation. Numeraire’s Uniqueness Numerai and the Numeraire token are unique due to their creation and the idea behind it. This is reportedly the first cryptocurrency to be released and created by a hedge fund. One of the Numeraire (NMR) tokens best advantages is that it is awarded to those data scientists whose models are top performers in the Numerai tournaments. Therefore, the NMR token’s value increases as the number of entries and tournament competitors increases. In addition, the models that are created for tournament participation allow Numerai to participate in stock market trading based on those results that are revealed by participating projects. This approach to stock market investing is innovative and it makes Numerai one of the only hedge funds that relies significantly on AI-generated data predictions. Advantages of the Numeraire Crypto Numeraire (NMR) tokens are awarded to data scientists whose models are top performers in the Numerai tournaments. Numeraire’s (NMR) token value increases as the number of entries and tournament competitors increases. Successful predictions are further rewarded with more Numeraire (NMR). Numeraire (NMR) also offers both traders and investors long-term earning potential and it is an investment that is profitable. Those who hold the Numeraire (NMR) token are opening themselves up to the possibility of good returns. Numerai has paid out millions of US Dollars already in the form of incentives and in an attempt to increase the visibility within the data science community, meaning they are committed to growing the Numeraire platform. NMR is an ERC-20 token, meaning it is secured on the Ethereum blockchain with Proof-of-stake (PoS) consensus mechanism offering extra security. Due to the Proof-of-Stake consensus mechanism that supports NMR, there is no need for the platform to rely on high electrical or computable power to create new NMR tokens, thus, the consensus is much more scalable and can easily be incorporated in different use cases. Past, present and future prices of The Compound network (COMP) The Numeraire (NMR) token hit its first price peak in January of 2018, at a price of $52.16, thereafter the price continued to fall throughout 2018. The price of NMR remained low throughout 2019 and for the first quarter of 2020. During 2020 the price of NMR increased to a price of $52.74 during August. The price then showed much volatility and climbed to an all time high of $90.79 during April 2021. Since then the price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, NMR does fall under this category. According to some analysts, the future price of The Numeraire network (NMR) could reach up to $53.11 by 2025 and could see a price of more than $130 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. NMR Price Chart Sources: coinmarketcap.com, finance.yahoo.com, help.coinbase.com, cryptonewsz.com, currency.com
GBP Inflation Surprise: Pound Faces Downward Pressure as Rate Hike Expectations Shift

ZEW Economic Index Economic Readings (EUR/USD, EUR/GBP), Many Currencies Have Come Under Pressure As The US Dollar Continues To Strengthen

Rebecca Duthie Rebecca Duthie 12.07.2022 17:02
Summary: The Euro expectedly reacted poorly to the ZEW indexes economic readings. EUR/GBP GBP/AUD came in softer on Tuesday. GBP/NZD Read next: EUR/USD Attempts Parity (EUR/USD), Noord Stream Maintenance Is Underway (EUR/GBP), BoC Policy Decision Due Wednesday (GBP/CAD), USD/JPY  US Inflation Data will be released on Wednesday The market is reflecting bearish signals for this currency pair. The Euro expectedly reacted poorly to the ZEW indexes economic readings and is now seeing the EUR/USD currency pair testing parity. The EU region print came in at -53.8, the lowest since November 2011, reiterating the already lowering optimism in the Eurozone. Further events that could negatively affect the Euro further include an increasingly hawkish Federal Reserve, the potential energy crisis lingering over the Eurozone and recessionary fears. Focus during Wednesday's trading day will be on the US Inflation data release which will give the market further guidance around the U.S economy. EUR/USD Price Chart Euro faces more risks The market is reflecting mixed signals for this currency pair. The Pound sterling continues to be weighed down by the market's woes around the Euro. The Euro/US Dollar currency pair is testing parity. The pound was supported by the news of Prime Minister Boris Johnson stepping down in the wake of many government officials resigning. The Euro still faces risks going forward. EUR/GBP Price Chart GBP/AUD Currency pair The pound sterling to Australian Dollar entered the trading week on its front foot with the AUD coming under pressure from numerous other currencies whilst the US Dollar strengthened even against China's Renminbi and risk aversion controlled both the stock and commodity markets. Although the GBP/AUD was softer on Tuesday, it closely resembles the USD pairing against both the GBP and AUD. GBP/AUD Price Chart GBP/NZD The GBP/NZD currency pair has had a volatile start to the trading week and could see the pound sterling strengthen even more in the coming days if the Reserve Bank of New Zealand (RBNZ) surprises the markets and encourages the NZD to outperform other currencies. GBP/NZD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

Demand Is Rising For NGAS, Strong Supply Prospects For Cotton, Investors Turn To The US Dollar As An Inflation Hedge Instead Of Gold

Rebecca Duthie Rebecca Duthie 12.07.2022 16:01
Summary: Noord Stream pipeline maintenance causing supply concerns. Decreased cotton consumption from top clothing makers. Gold futures touching near 9 month lows. Read next: Recession Fears Are Affecting Brent Crude Prices, Silver Price vs A Hawkish Federal Reserve, Corn At 8-Week Highs  NGas Prices driven by increased demand Natural Gas futures are recovering from a 3 month low experienced earlier in July, supported by strong international and domestic demand. As the weather gets hotter and demand for cooling increases, the demand for NGas strengthens whilst routine maintenance on the Noord Stream pipeline are contributing to driving prices higher. NGAS Aug’22 Futures Price Chart Strong Cotton supply prospects Cotton prices have been falling in the wake of lower demand prospects as China adopted new Covid-19 curbs adding to global shutdown concerns already in place which have been caused by aggressive monetary policy tightening by major central banks. At the same time, USDA cut the world production expectations for cotton by 450,000 bails for June due to decreased consumption from Bangladesh and Mexico. Cotton supplies are looking strong going forward. Cotton Oct ‘22 Futures Price Chart Gold futures Gold futures are hovering around 9-month lows on Tuesday in the wake of investors choosing the US Dollar as a hedge against inflation and risks around a recession over gold. Expectations that the Federal Reserve will continue to tighten monetary policy by aggressively raising interest rates have also put pressure on gold prices as a stronger than expected US jobs report and upcoming US inflation data could bolster the Feds plans. Gold Aug ‘22 Future Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Market Trends and Currency Positioning: USD Net Short Position, Euro and Pound Analysis - 22.08.2023

EUR/USD Attempts Parity (EUR/USD), Noord Stream Maintenance Is Underway (EUR/GBP), BoC Policy Decision Due Wednesday (GBP/CAD), USD/JPY

Rebecca Duthie Rebecca Duthie 11.07.2022 16:42
Summary: The Euro continues to be one of the more susceptible currencies as many headwinds build up. Will Russia resume gas supply to Noord Stream? Will the BoC policy decision offer CAD support? BoJ would do whatever is necessary to help the economy grow. Read next: Recession Fears Are Affecting Brent Crude Prices, Silver Price vs A Hawkish Federal Reserve, Corn At 8-Week Highs  US Dollar continues to strengthen across the board The market is reflecting mixed signals for this currency pair. On Monday the Noord Stream, Germany’s biggest pipeline closed for annual maintenance until the 21st July. The maintenance time period has increased speculation on whether or not Russia will resume gas flows after the maintenance has been completed. The Euro continues to be one of the more susceptible currencies as many headwinds build up. The European Central Bank (ECB) is still on track to raise interest rates (at least 25 bps) at their next meeting later on in July. The US Dollar continues to rise across the board, and investor attention will be aimed in the direction of the US CPI inflation data release for June on Wednesday. EUR/USD Price Chart   EUR/GBP mixed sentiment The market is reflecting mixed signals for this currency pair. The pound sterling will continue to be affected by external events whilst politics grabs headlines. The Euro continues to be negatively affected by a combination of events. One of the main events being whether or not Russia will turn the taps back on for gas supplies through the Noord Stream once the maintenance is over, if they do not, the possibility of a recession in the Euro area will increase largely. EUR/GBP Price Chart GBP/CAD hovers around 10-year lows The markets are keeping alert as they await the Bank of Canada’s (BoC) policy decision on Wednesday. Although the GBP/CAD currency pair hovers near 10 year lows, both currencies remained little changed on Monday and were both middle-of-the road performers amongst major currencies. GBP/CAD Price Chart BoJ representative speaks The market is reflecting mixed sentiment for this currency pair. A Bank of Japan (BoJ) representative warned the market that the current economic outlook remains uncertain due to the rising commodity prices and that the BoJ would do whatever is necessary to help the economy grow. The same representative also said that Japan’s financial system is robust, the economy is starting to improve and that the central bank would keep interest rates stable at the current or lower levels. USD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
US and European Equity Futures Mixed Amid Economic Concerns and Yield Surge

Recession Fears Are Affecting Brent Crude Prices, Silver Price vs A Hawkish Federal Reserve, Corn At 8-Week Highs

Rebecca Duthie Rebecca Duthie 11.07.2022 16:00
Summary: Fears of a global recession are expected to dampen energy demand. Aggressive Fed prospects driving silver demand down. Hot weather conditions affecting corn growing prospects. Read next: Aggressive Fed Increases The Opportunity Cost OF Holding Silver, WTI Crude Oil Prices, Corn: Traders Weigh Weak Demand & Tight Supply  Concerns around demand driving Brent Crude Oil Prices down Brent Crude Oil futures fell during Monday trading after posting a loss last week in volatile trading in the wake of fears around a global recession and new COVID 19 virus restrictions in China, both of which outweighed fears around supply. Fears of a global recession are expected to dampen energy demand and continue to rule over market sentiment as major central banks continue to fight inflation through aggressive monetary policy interest rate hikes. In addition, a new omicron variant of COVID-19 has been discovered in Shanghai and has heightened fears of further restrictions. At the same time, market participants remain unsure about the western nations plans to cap Russian oil prices as Russian President Vladimir Putin warned that further sanctions could lead to "catastrophic" consequences within the global energy market. Brent Crude Oil Futures Price Chart Silver prices hover around $20 per ounce Silver prices are still sitting around the $20 per ounce mark, a level that has not been seen since July 2020. The price drop comes in the wake of stronger bets of a more aggressive Federal Reserve to increase interest rates in an attempt to reign in sky-high inflation. Silver is normally used as a hedge against inflation, however as treasury yields rise, the opportunity cost of holding silver rises. Silver Sep ‘22 Futures Price Chart Corn futures rose to 8-week highs Corn Futures have risen on Monday to 8-week highs and not far from the 10 year high hit in April. The price rose in the wake of concerns around tighter supplies amid an already short supply market that has been caused by the Russia-Ukraine war. Hot weather conditions in the US and European growing belt have nullified the price drop during the last trading week. At the same time, Chinese import demand also increased. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Crypto: Ethereum - Altcoin Correction Completed?

Altcoins: Compound (COMP) - What Is It? - A Deeper Look Into the Compound (COMP) Platform

Rebecca Duthie Rebecca Duthie 11.07.2022 14:38
Summary: What is The Compound Platform and how does it work? Advantages of the Compound exchange. Compound’s past, present and future price positions. Read next: Altcoins: Balancer (BAL) - What Is It? - A Deeper Look Into the Balancer (BAL) Platform  The Compound Platform Compound is an algorithmic, autonomous interest rate protocol that is built for developers, to unlock a universe of open financial applications. Compound is a decentralised finance (DeFi) lending protocol, the protocol allows its users to earn interest on their cryptocurrencies through depositing them into one of the many pools that are supported on the platform. Compound's native token is COMP, the current total market capitalization of the crypto currency is more than $385 million, there is a maximum supply of 10 million tokens and 7,157,897.96 COMP tokens are currently in circulation. When a platform user deposits tokens into one of the Compound pools, they receive c”Tokens” in return and these represent the users stake in the pool and can be used to redeem the underlying crypto that was initially deposited into the pool at any time. The idea is that over time the exchange rate for these underlying assets to the cTokens increases, thus users redeem their cTokens for more than the value they deposited them at - this is how the interest is distributed. In addition, the opposite is also possible, users who wish to borrow can take a loan from a Compound pool of their choice by depositing collateral. The Loan-To-Value (LTV) ratio varies, however currently ranges between 50-75%. The interest rate paid is borrowed asset dependent and borrowers may face automatic liquidation if their collateral falls below a specific maintenance threshold. The Compound platform is secured through smart contracts automatically, which mint cTokens after Ethereum and ERC20 tokens are deposited. In addition, the protocol ensures that there is collateralization for all assets that are supported by the platform, thus ensuring each pool is overcollateralized at all times. The Compound Platform works through the use of Yield farming, Compound lending pools, Interest, decentralised governance, use of COMP, and cTokens. How is Compound unique? Compound does not wish to be yet another cryptocurrency protocol that does nothing for their holders, instead, through their open platform, they allow any users who deposit Ethereum supported tokens to earn interest easily or take out secured loans. Compound’s community governance separates it from some of its similar protocols, COMP holders have the chance and right to propose protocol changes, implement and vote on changes that are suggested by other holders - the Compound team does not interfere. COMP tokens are available for purchase from third-party exchanges, or can be earned through interaction with the Compound protocol. Advantages of the Compound platform Compound allows regular users to secure passive income. Compound has the ability to use Bitcoin in DeFi environments, this is possible through the platform's introduction of Wrapped Bitcoins (WBTC) which are ERC-20 representation of locked Bitcoin. Compound leverages smart contracts that are audited, which successfully completes desired tasks autonomously. The contracts on the network take care of all the network's vital functions. The Compound platform is secure through many means, it has gone through audits from reputable agencies. The Compound platform meets the general DeFi consensus and interoperability. The network is open to the integration of third-party assets and platforms. Past, present and future prices of The Compound network (COMP) Since the launch of the Compound mainnet during September 2018, the platform has skyrocketed in terms of popularity and passed $800 million in total locked value recently. The price of the COMP token did not see much change overall, during 2021 however, the price jumped and fell, reaching a maximum overall price of $803.99 during April. Since then the price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, COMP does fall under this category. According to some analysts, the future price of The Compound network (COMP) could reach up to $250 by 2025 and could see a price of more than $1977 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. COMP Price Chart Sources: finance.yahoo.com, coinmarketcap.com, compound.finance, securities.io, priceprediction.net  
Cross-Chain Interoperability Solutions Have The Potential To Significantly Improve

5 Cryptocurrencies To Keep A Watch On: Tether (USDT), Tezos (XTZ), HEX (HEX), Bitcoin Cash (BCH), Avalanche (AVAX)

Rebecca Duthie Rebecca Duthie 08.07.2022 13:23
Summary: A summary of USDT, XTZ, HEX, BCH, AVAX Stablecoins, Web3, Certificate of Deposit Proof of work, proof of stake, proof-of-history. The Tether USDT Platform Tether is a Hong-Kong based company that issues the USDT is a stablecoin that mirrors the price of the US Dollar. The aim of the Tether platform is to combine the unrestricted nature of cryptocurrencies (transferring of assets between parties without the need of a financial intermediary) with the stable value of the US Dollar. In recent times, stablecoins are sometimes being used as a hedge against inflation, instead of keeping fiat currency in an account earning small interest where users can lend their stablecoins and earn yields between 3-20%. Tether does not have its own blockchain, instead operates as a second-layer token on top of other cryptocurrencies’ blockchains: Ethereum, Bitcoin, EOS, Tron, Algorand and OMG, the hashing algorithms of these blockchains secures Tether USDT. Read more: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain  The Tesoz platform Tezos platform is an open-source platform that tries to fix the main barriers that are facing blockchain adoption for assets and applications. Tezos is backed by validators, builders and researchers from a global community. Tezos’ design embraces upgradability in the long-term, collaboration, participation and smart contracts safety. The Tesoz platform was designed to power the web3 revolution. According to Tesoz.com, “The future of the internet is being built on Tezos” the core of the Tesoz platform is user participation and governance. Users are able to frictionlessly and directly communicate with each other over a decentralised network, interacting with various applications and exchanging value, without the need for intermediaries. On Tezos, web3 can be truly user-governed and user-centric, the way it was meant to be. Tezos offers institutional grade security. It is designed to provide the safety and code correctness that is required for assets and other high value cases. This safety is and code correctness is provided at both the application and protocol layers, this is done by leveraging the OCaml and Michelson languages, both of which facilitate formal verification, a practice that is normally used in mission-critical industries. The future of web3 can be secure on Tesoz. Read more: Altcoins: Tezos (XTZ) What Is It? - A Deeper Look Into The Tezos Platform  The HEX platform HEX is an ERC20 token that is launched on the Ethereum network. The HEX token is designed to act as a store of value to replace the Certificate of Deposit as the blockchain counterpart of the Certificate of Deposits used in traditional financial markets. HEX token is also designed to leverage off the emerging decentralised finance (DeFi) ecosystem in finance using the Ethereum network. HEX utilises the Ethereum network for the transaction layer (the layer that makes it possible to send and receive HEX tokens as well as allowing interactions with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract. Certificates of Deposits are common investment tools that are normally managed by banks. The Certificate of Deposit market is a trillion dollar market and is used worldwide. HEX took the concept of Certificates of Deposits, removed banking fees, added a higher average return rate and turned it into a decentralised cryptocurrency. Read more: Altcoins: What Is HEX? - A Deeper Look Into The HEX Blockchain  The Bitcoin Cash Platform Bitcoin Cash (BCH) is an extension of the Bitcoin (BTC) cryptocurrency and was created as a way to get around some of Bitcoins flaws, it was launched in August 2017. Anybody who held Bitcoin (BTC) at the time of Bitcoin Cash’s launch, received BCH. Both platforms are run mainly on the framework, proof-of-work (PoW), and make use of nodes to verify transactions. The main differentiating characteristic between Bitcoin Cash and Bitcoin is the blocksize. The blocks in the Bitcoin Cash blockchain can be larger, this means that more Bitcoins can be processed at a time, therefore the additional space aids in avoidance of higher fees. Bitcoin Cash offers more anonymity and privacy than mainstream platforms such as banks and credit cards etc. it is almost impossible to discover who controls a Bitcoin address. Bitcoin Cash supports token protocols that are able to power a wide diversity of projects and makes it easy for users to create their own token backed projects. Read next: Altcoins: Bitcoin Cash (BCH), What Is It - A Deeper Look Into Bitcoin Cash  The Avalanche Platform The Avalanche platform is extremely fast, low-cost and eco-friendly. The Avalanche platform is an open, programmable smart contracts planform for decentralised applications (DApps). The Avalanche cryptocurrency rivals Ethereum, and its native token is AVAX. Avalanche prioritises transaction speed and scalability. In addition, the Avalanche network is a proof-of-stake (PoS) network. The Avalanche platform was officially launched in september of 2020. The platform is built across three chains: the C-chain (contract chain) which hosts Avalanches DeFi ecosystem, X-chain (exchange chain) and P-chain (platform). It is possible to launch private and public customised blockchains; these blockchains can be deployed to fit users own personal needs, dictate how the blockchain should operate and build their own virtual machines. Read more: Altcoins: What Is Avalanche (AVAX)? A Deeper Look Into The Avalanche Platform | Rebecca Duthie  Sources: fxmag.com
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

Aggressive Fed Increases The Opportunity Cost OF Holding Silver, WTI Crude Oil Prices, Corn: Traders Weigh Weak Demand & Tight Supply

Rebecca Duthie Rebecca Duthie 08.07.2022 13:07
Summary: Aggressive Fed turning investors away from silver Lower demand prospects outweigh tight supply concerns for WTI Crude Oil. Commodity traders are watching weather in top growing corn regions. Read next: Platinum Prices Drop In The Wake Of Slower Demand Prospects, RBOB Gasoline Prices, Wheat Prices Below Pre-Russian Invasion Levels  Silver Prices hitting July 2020 lows. Silver prices are staying below the $20 mark per ounce, a level that has not been seen since July 2020. The price decline comes in the wake of the Federal Reserve’s committing to aggressive monetary policy tightening and raising interest rates further, this move causes investors to short the non-yielding metal. The Fed has set markt expectations for back-to-back 75 bps rate hikes in July. This move has Put a floor under prices where lingering concerns about slowing economic growth, mainly in Europe, as surging gas prices threaten the outlook for the Euro bloc. Silver Sep ‘22 Futures Price Chart Lower demand prospects outweigh tight supply concerns for WTI Crude Oil The price of crude futures are expected to close low on Friday as concerns around a global recession and its impact on the demand for crude oil outweighs the concerns around tight-supplies. The US oil benchmark has declined by 5% this week, tracking a broader decline in commodity markets in the wake of restrictive monetary policy among major economies threatening a global recession. Crude prices are still up 35% this year as global economic recovery coincided with Russia’s invasion in the Ukraine. WTI Crude Aug Futures Price Chart Corn prices Corn futures prices are currently hovering as the market weighs up favourable weather conditions and weak demand over tighter supply prospects. Weather conditions in top corn growing regions are being watched closely by traders. On the demand side, the combination of weak economic global data and aggressive monetary tightening from central banks is raising fears of a economic slowdown. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Britain's Rishi Sunak And EU's Ursula Von Der Leyen Will Meet Today To Finalize The Northern Ireland Drama

Euro Sell-off Sentiment Continues Into The Weekend (EUR/USD), UK PM Boris Johnson’s Resignation Offers GBP Support (EUR/GBP), Dovish BoJ Continues (AUD/JPY, USD/JPY)

Rebecca Duthie Rebecca Duthie 08.07.2022 12:36
Summary: Noord stream 1 gas pipeline to begin maintenance. Gains for the GBP suggest that the currency has been holding some political risk premium. AUD/JPY bullish. USD/JPY Read next: Pound Sterling Offered Support After News That Boris Johnson Is Set To Step Down (EUR/GBP, GBP/USD), FED FOMC Meeting Minutes (EUR/USD), Japan’s Upper House Elections (USD/JPY)  Sell-off sentiment for the Euro continues The market is reflecting bearish signals for this currency pair. The sell-off sentiment for the Euro is showing no sign of stopping going into the weekend, the woes around the Euro continue to stack up, with latest concerns becoming stronger around the repairing of the Noord Stream gas pipeline. The pipeline has been labelled a risk to both the EU economy and the German economy should Russia cut the gas flow or undersupply. In addition, the Fed’s FOMC meeting minutes for June reiterated the Fed’s commitment to aggressively hiking interest rates despite risk of slow economic growth. EUR/USD Price Chart Boris Johnson stepping down offers GBP support The market is reflecting bearish signals for this currency pair. The EUR/GBP pair fell by around 1% on Thursday in the wake of UK Prime Minister Boris Johnson’s resignation announcement; he will remain in power until a replacement is found. The pound sterling gains suggest indication that the currency has been holding some political risk premium that looks to have converted to a certain extent. Euro currency risk remains a domino effect of many events. EUR/GBP Price Chart Dovish BoJ continues The market is reflecting bullish signals for this currency pair. The border weakness of the Japanese Yen has been felt. The Monetary of the Ministry of Finance (MoF) in Japan and by extension includes the Bank of Japan (BoJ), is going in the complete opposite direction to other global central banks (with the exception of the People’s Bank of China. The BoJ recently committed to extending their yield curve control program (YCC) and are close to holding 50% of all Japanese government bonds (JGBs) on issue. The Reserve Bank of Australia (RBA), on the other hand, has committed to aggressive monetary policy tightening, offering the AUD support. AUD/JPY Price Chart USD/JPY Bullish The market is reflecting bullish signals for this currency pair. The Japanese Yen has been facing weakness across the board as the Bank of Japan (BoJ) continues to adopt dovish monetary policy and the Federal Reserve adopts the opposite approach and continues on with their aggressive monetary policy. The US Dollar continues to strengthen. USD/JPY Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Samsung Electronics Forecast Strongest Earnings In Four Years

Samsung Electronics Forecast Strongest Earnings In Four Years

Rebecca Duthie Rebecca Duthie 07.07.2022 19:20
Summary:Strong earnings forecast from Samsung.Support offered to chip and smartphone makers. Samsung Electronics forecasted strong earningsSamsung’s shares rose higher in South Korea trading on Thursday in the wake of Apple Inc’s key rival competitor in smartphones and the world's largest Chip maker forecasted its strongest earnings in 4 years. Samsung said its revenues likely rose 21% and profits 11% up. Chip sales are the likely drivers of bulk of Samsung’s profits. The preliminary report is customarily released early in July followed by a more detailed update expected later on in July. The stronger-than-expected profits will likely offer support in increasing investor confidence for both the Chip and smartphones sectors, both of which have suffered from demand erosion and supply-chain issues. Samsung Price ChartSources: finance.yahoo.com, thestreet.com
Sustainability-Linked Products: Navigating Growth and Challenges for the Future

Pound Sterling Offered Support After News That Boris Johnson Is Set To Step Down (EUR/GBP, GBP/USD), FED FOMC Meeting Minutes (EUR/USD), Japan’s Upper House Elections (USD/JPY)

Rebecca Duthie Rebecca Duthie 07.07.2022 16:36
Summary: ECB and FOMC meeting minutes release. UK Prime Minister set to step down. GBP is little changed. Japan’s upper house elections. Read next: Bearish Outlook For The EUR/USD Currency Pair, Euro & GBP Are Only Two Currencies Dominated By The US Dollar’s Strength (EUR/GBP, USD/JPY, EUR/JPY)  ECB & Fed FOMC meeting minutes. The market is reflecting bearish signals for this currency pair. The Euro has been under big pressure in the wake of global recessionary fears gripping the markets and causing its price to break below multi-decade lows. Earlier in Thursday's trading day, the Euro had managed to recover from some of the lows seen on Wednesday after the Federal Reserve's FOMC meeting minutes were released. Later on Thursday the meeting minutes of the last European Central Bank (ECB) meeting are due to be released and almost any hawkish rhetoric could benefit the Euro. EUR/USD Price Chart Boris Johnson set to step down The market is reflecting mixed signals for this currency pair. Boris Johnson is set to resign in the wake of many high-profile resignations within his government in protest of Boris Johnson’s continuing leadership, the current Prime Minister is set to address the media later on Thursday. This news has aided the EUR/GBP currency pair in its downward momentum. In addition, the Euro itself isn’t faring well amidst economic concerns, the potential for widening periphery bond spreads as the European Central Bank raises rates, and ofcourse the possibility of complications in restoring Russian gas inflows to Germany via Nord Stream 1 which is also due to undergo routine maintenance from next Monday until the 21st July. EUR/GBP Price Chart Strong US Dollar. The market is reflecting mixed signals for this currency pair. The US Dollar continues to strengthen in the wake of the Fed FOMC meeting minutes released late on Wednesday, and the continuing hawkish rhetoric. The GBP is little changed in most corresponding currency pairs. GBP/USD Price Chart Rising cost-of-living in Japan The market is reflecting bullish sentiment for this currency pair. The rising cost-of-living in Japan continues to squeeze domestic households' income ahead of Japan's upper house election on Sunday. The release of the Fed's FOMC meeting minutes has offered the US Dollar more support on Thursday whilst inflation is currently showing signs of becoming more politically based in Japan in the wake of the continuing cost-of-living squeeze. USD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com  
German industrial production slumps for third straight month, raising recession risk

Altcoins: Balancer (BAL) - What Is It? - A Deeper Look Into the Balancer (BAL) Platform

Rebecca Duthie Rebecca Duthie 07.07.2022 16:08
Summary: What is The Balancer Platform and how does it work? Advantages of the Balancer exchange. Balancer’s past, present and future price positions. Read next: Altcoins: AAVE (AAVE) - What Is It? - A Deeper Look Into the AAVE (AAVE) Platform  The Balancer Platform Balancer is an automated market maker (AMM), it was developed on the Ethereum blockchain, it was launched in March of 2020. Balancer managed to raise a $3million seed round by Accomplice and Placeholder. The Balancer protocol functions as a weighted portfolio that is self-balancing, liquidity provider and price sensor. Balancer allows users to earn profits through its $BAL (its newly introduced token) by contributing to customisable liquidity pools. The pools that the protocol operates: Private pools: this gives the users of the platform governance over the pool and makes the user the sole contributor of the liquidity pool. Shared pools: for the users who wish to become liquidity providers (LPs) , these liquidity providers are rewarded with the Balancer Pool Tokens (BPTs). Smart pools: the smart pools are similar to the private pools, however, they are controlled by a smart contract, they also reward using BPTs and allow anyone to contribute to the liquidity pool. The current market capitalization for Balancer is more than $202 million, there is a maximum supply of 96,150,704 BAL tokens, 40,808,048.66 of those tokens are currently in circulation. Security is an important priority for Balancer, hence, the protocol has been audited three times, fully by ConsenSys, OpenZeppelin and Trail of Bits. It is a trustless system as there are no admin keys or backdoors and the balancer pools are not upgradeable. Balancer does not support tokens that are non-conforming to the ERC-20 standard, even though they may be in use on some pools. The tokens held on Balancer pools are actually not controlled by Balancer itself, instead they are smart contracts. However, that fact does not remove the inherent risks of smart contracts. The configurable rights pools (CRPs) ensure that tokens with known issues are banned from being used in pools. It further ensures that all other tokens safely interact with the protocol What makes Balancer unique? The Balancer platform is similar to Curve and Uniswap, in that it enables anyone to create token pools. The pool adjusts itself to keep the tokens equally weighted, regardless of any price changes. However a major differentiating feature of Balancer is that more than one token can be added and using ETH is not required. Although Balancer is not the first Decentralised Finance protocol to make use of AMMs they have brought a new approach and face to liquidity. The unique feature of the Balancer protocol is that it allows Liquidity Providers to have up to 8 assets per market, which are weighted by % and automatically rebalanced. When it comes to Balancer, users are not required to put down a 50% deposit of the desired asset, they are however, able to decide how much of the supported asset they wish to deposit. There is another unique feature of Balancer Lab, users are able to make a high return on the assets which are in low demand through arbitrage opportunities and slippage-reduction. Advantages of the Balancer platform High security. No deposit required when desiring an asset. Balancer supports DeFi. Any users can create token pools on the Balancer platform. Operates 3 different kinds of pools. Past, present and future prices of The Balancer network (BAL) At the start of July during 2020, the price of BAL began to rise, reaching its 2020 high of $31.79 in August. The first two quarters of 2021 indicated the price of BAL was on the rise, reaching its all time high of $69.42 in early May. Since then the price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, BAL does fall under this category. According to some analysts, the future price of The Balancer network (BAL) could reach up to $33.49 by 2025 and could see a price of more than $214.77 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. BAL Price Chart Sources: finance.yahoo.com, coinmarketcap.com, swapspace.co, FXMAG.com
Australia Is Expected To Produce A Bumper Year Of Crops

Platinum Prices Drop In The Wake Of Slower Demand Prospects, RBOB Gasoline Prices, Wheat Prices Below Pre-Russian Invasion Levels

Rebecca Duthie Rebecca Duthie 07.07.2022 11:36
Summary: Recession and new covid-19 cases in China driving platinum prices lower. Chicago wheat futures prices rose in the wake of an increase in buying. Read next: WTI Crude Prices Recover On Wednesday, Supply Prospects Of Coffee Are Improving, Palladium Prices  Platinum Prices at 20 month lows Platinum prices had fallen to their lowest price in almost 20 months in the wake of lower demand expectations outweighed lower supply fears. The contraction in the US economy was more than expected amidst the Federal Reserve's aggressive monetary policy which is aimed at curbing surging inflation has raised the concerns around an economic downturn. In addition, fresh new covi-19 cases in China’s eastern provinces weighed further on the outlook for demand and growth. Platinum Oct ‘22 Futures Price Chart Wheat prices lower than pre-Russian invasion levels Chicago wheat futures prices rose in the wake of an increase in buying from bargain buyers in the wake of the prices plummeting in the second half of June. Meanwhile, investors expectations around a large sum of Ukrainian Wheat entering the market any time soon are growing pessimistic. Wheat prices are still below pre-Russian invasion levels, as strong crops world wide added to the price pressures for agricultural commodities amidst recession fears. Wheat Sep ‘22 Futures Price Chart RBOB Gasoline Prices tanked this week Gasoline prices fell earlier this week in the wake of an increase in supply into the US underground reserves, this drove gas prices lower and oil giants’ profits higher as well. RBOB Gasoline Aug ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Bitcoin Stagnates at $30,000 Level, Awaits US Bitcoin ETF Update and Fed Meeting

Altcoins: AAVE (AAVE) - What Is It? - A Deeper Look Into the AAVE (AAVE) Platform

Rebecca Duthie Rebecca Duthie 06.07.2022 15:45
Summary: What is The AAVE Platform and how does it work? Advantages of the AAVE exchange. AAVE’s past, present and future price positions. Read next: Altcoins: OKB, OKEx- What Is It? - A Deeper Look Into the OKB (OKEx) Platform  The AAVE Platform Aave is a decentralised finance (DeFi) protocol that allows people to both borrow and lend cryptocurrencies. Lenders are able to earn interest through the depositing of digital assets into liquidity pools that are specially created. Borrowers are able to use their cryptocurrency as collateral to take out a flash loan by using this liquidity. Aave (meaning “ghost” in Finnish) was, at first, known as ETHLend when it was first launched in 2017, however ETHLend was rebranded in september of 2018. AAVE provides its holders with discounted fees on the platform, and in addition, it also serves as a governance token, this gives the owners a say in the protocols future development. The governance aspect of the protocol works in the following way: Users can submit an Aave request for comment (ARC): thereafter discussions between users will commence and feedback will be given and received. Create a snapshot: the snapshot offers a way for community sentiment for a new proposal to be gauged. Submit an Aave request for improvement (AIP): the proposal is to be submitted through a GitHub pull request and the community will vote on approvals. The current market capitalization of AAVE is more than $862 million, with a maximum supply of 16 million AAVE tokens, there are currently almost 14 million of them currently in circulation. What makes AAVE’s unique? Aave has several unique selling points in comparison to its competitors in an increasingly crowded market. During the DeFi craze in the summer of 2020, AAVe was one of the bigger projects in terms of the total amount of value that was locked into its protocol. The Aave protocol allows its users to lend and borrow 20 cryptocurrencies, giving its users a larger amount of choice. One of Aave’s flagship products are “flash loans,” which have (interestingly) been billed as the first uncollateralized loan option in the DeFi space. The catch however is that they must be paid back in the same transaction. Another big selling point is that those who borrow through Aave ultimately have the choice to alternate between both fixed and variable interest rates. While fixed rates can provide some certainty about costs during times of volatility in the crypto markets, variable rates can come in handy if the borrower thinks that prices will fall in the near future. Advantages of the AAVE platform AAVE offers a large lending pool that is available for various digital assets. AAVE also offers its users more features for digital lending and or borrowing. AAVE also offers its users stable interest rates for some of the crypto assets. Flash loans are one of AAVE’s largest selling points and a revolutionary DeFi feature. Past, present and future prices of The AAVE network (AAVE) During October of 2020, the price of AAVE reached a low point of $29.7, thereafter the price began to rise, reaching its first peak in early February of 2021 at a price of $494.6, in September of the same year, AAVE reached its second peak, coming in at a price of $516.16. Since then the price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market. The trend that has stuck for this crypto is that AAVE’s price has been consistently declining since its September 2021 peak. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, AAVE does fall under this category. According to some analysts, the future price of The AAVE network (AAVE) could reach up to $97.84 by 2024 and could see a price of more than $267.93 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. AAVE Price Chart Sources: finance.yahoo.com, currency.com, aave.com, coinmarketcap.com, cryptonewz.com
The US Dollar (USD) Index May Have Created A Potential Resistance

Bearish Outlook For The EUR/USD Currency Pair, Euro & GBP Are Only Two Currencies Dominated By The US Dollar’s Strength (EUR/GBP, USD/JPY, EUR/JPY)

Rebecca Duthie Rebecca Duthie 06.07.2022 15:06
Summary: G20 summit and Fed meeting minutes. Both the Euro and the GBP have remained under pressure from the incredibly strong US Dollar. Cost-of-living-squeeze in Japan. Read next: US Dollar Hitting 19-year Highs (EUR/USD, GBP/USD), Russia Cuts Off Gas Taps (EUR/GBP), GBP/AUD Currency Pair & RBA Policy Decision  USD Could strengthen further in the coming days The market is reflecting mixed signals for this currency pair. The market outlook for the US Dollar seems bullish going forward into the coming days as the Federal reserve minutes are released and the G20 summit. If the Fed minutes reveal a hawkish attitude that surpasses market expectations, the US Dollar could be pushed even higher and could increase the greenback’s rising yield advantage against G10 and emerging market counterparts. EUR/USD Price Chart GBP & Euro Under pressure The market is reflecting bullish signals for this currency pair. Both the Euro and the GBP have remained under pressure from the incredibly strong US Dollar, the negatives for the Euro are well-known across the markets and could likely be exacerbated by two events in July. For the pound sterling, politics is at the forefront of talking in the media, however, from a traders perspective, the pound has been optimistic in terms of being affected by the current difficult situation. It seems that this is the beginning of the end for Prime Minister Boris Johnson, although the current backdrop that plagues the Pound remains unaltered. This has been evidenced by this morning’s soft construction PMI data, while comments made by BoE Chief Economist Pill were not exactly in favour of a larger hike in the Bank rate. EUR/GBP Price Chart USD dominating JPY The market is reflecting bullish signals for this currency pair. Inflation is currently showing signs of becoming more politically based in Japan in the wake of the continuing cost-of-living squeeze. Whilst the market awaits FOMC meeting minutes which could give the US Dollar more support, the rising cost of living in Japan continues to squeeze domestic households' income ahead of Japan's upper house election on Sunday. USD/JPY Price Chart EUR/JPY currency pair The market is reflecting mixed signals for this currency pair. The EUR/JPY currency pair remains at lofty level, however, the trend is being questioned. EUR/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Commodities: EU Members Manage To Agree On Price Caps For Russian Oil

WTI Crude Prices Recover On Wednesday, Supply Prospects Of Coffee Are Improving, Palladium Prices

Rebecca Duthie Rebecca Duthie 06.07.2022 11:47
Summary: WTI crude oil prices rose in the wake of fears that a recession could hurt demand were balanced by continuous concerns around supply. Arabica coffee prices were down from a three-week high on Wednesday. Palladium supply concerns weighed against demand concerns. Read next: Exxon (XOM) Price Falls In the Wake Of Declining Energy Prices  WTI Oil prices have been falling since mid-June WTI crude oil futures prices rose above during Wednesday's trading day after falling more than 8% and closing below the key level on Tuesday in the wake of fears that a recession could hurt demand were balanced by continuous concerns around supply. Wednesday Crude price was also attributed to (by some analysts) bargain hunting and short-coverings. Tight supply concerns were highlighted by OPEC’s Secretary general who announced on Tuesday that the oil industry was “under siege” in the wake of years of underinvestment, he also added that the shortages could be eased if Venezuelian and Iranian crude oil supplies were allowed. At the same time, crude prices have been falling since mid-June in the wake of recessionary concerns causing poor demand prospects. WTI Crude Oil Aug Futures Price Chart Coffee prices down as supply prospects improve Arabica coffee prices were down from a three-week high on Wednesday in the wake of both positive global outlook of improved production and a bearish macroeconomic environment. Although supplies are expected to improve, prospects of tight supply remain as concerns around dry weather conditions in Brazil continue. Coffee Sep ‘22 Futures Price Chart Traders weighing supply vs demand on Palladium Traders are currently trying to balance fears of tight supply with weak demand prospects, setting the Palladium metals price above its 1-month low hit on 4th July. Continuous aggressive monetary policy tightening from the Federal Reserve has strengthened prospects of a recession and has dampened demand. In addition, new Covid-19 cases in the world's largest Palladium consumer sparked fears for the imposition of tighter lockdown measures. On the supply side, disruptions of imports from Russia continue as the war in the Ukraine continues and trade restrictions continue to be imposed from the west onto Russia. Palladium Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Nasdaq (^IXIC), Combination Of Multiple Events Driving The Euro Down

Nasdaq (^IXIC), Combination Of Multiple Events Driving The Euro Down

Rebecca Duthie Rebecca Duthie 05.07.2022 23:19
Summary:A combination of a multiple of things has driven the Euro to its downfall.The Nasdaq recorded 13 new highs and 308 new lows on Tuesday.NASDAQ closes Tuesday’s trading day higherThe tech-heavy Nasdaq closed 1.75% higher on Tuesday's trading day. The Nasdaq recorded 13 new highs and 308 new lows on Tuesday. U.S based stocks have been under continuous pressure throughout the year in the wake of the Fed moving away from easy-monetary policy through raising borrowing costs. The markets are awaiting the next interest rate hike from the Fed at the end of July and are keeping a watchful eye on US economic data in the coming days and weeks. IXIC Price ChartThe Euro facing downward pressureWhilst there has been no particular event that has sparked the plunging of the Euro on Tuesdays trading day, the combination of a multiple of things has driven its downfall.Hence, the events include Russian gas deliveries for June which was 40% shorter than expected, this has caused European gas prices to remain elevated. In addition, Nord stream is set to close completely for annual maintenance, where it shuts down completely during July 11-21st, the risk, however, is that the pipeline may not come back online. In addition European Central Bank (ECB) representative Nagel did little to help the Euro as he cautioned against using monetary policy to limit risk premia of indebted states, he also stated that an Anti-Fragmentation tool could only be used during exceptional circumstances. Although Bundesbank’s Nagel is part of the minority, this does raise the risk of a watered-down Anti-Frag tool, which has ultimately disappointed the market expectations.Sources: finance.yahoo.com, fxmag.com
Altcoins: OKB, OKEx- What Is It? - A Deeper Look Into the OKB (OKEx) Platform

Altcoins: OKB, OKEx- What Is It? - A Deeper Look Into the OKB (OKEx) Platform

Rebecca Duthie Rebecca Duthie 05.07.2022 23:05
Summary: What is The OKB Platform and how does it work? Advantages of the OKB exchange. OKB’s past, present and future price positions. Read next: Altcoins: Komodo (KMD) - What Is It? - A Deeper Look Into the Komodo (KMD) Platform  The OKB platform OKB is a cryptocurrency that was released by the OK Blockchain and Maltese crypto exchange, OKEx. The exchange is one of the largest in the world and is currently ranked third in terms of liquidity, fourth in terms of trading volume the platform also provides a wide variety of trading pairs for its users. OKEx is similar in many ways to the cryptocurrency giant, the Binance protocol, however, there are a few differences separating the two. The OKEx facilitates its own cloud mining services, and the company also has focused reach when it comes to providing trading options for its users. OKB is the OKEx utility trading token, the token enables the platform's users to access the exchanges special features. The OKB token is used when calculating and paying fees, rewarding its users for holding OKB and to give users access to voting and governance within the platform. Since its launch in 2017, OKEx has become one of the world's leading trading floors. The platform originally emerged as an offshoot from the original OKCoin platform. The current market capitalisation of OKB is currently surpassing $756 million, there is no maximum supply of OKB tokens, there are however, a current circulating supply of 60 million tokens. OKB’s uniqueness The OKB token plays a key role within the OKEx ecosystem, it allows the platforms users to receive a 40% discount on transactions (dependent on the number of tokens the user has). The exchange divides users into two status groups, VIP and regular. VIP users get assigned a level in accordance to their trading volume and Regular users are assigned a level in accordance to their OKB stocks. The commissions are updated everyday and users are awarded a discount dependent on their respective levels. In addition, it is possible for platform members to earn a passive income on holding their OKB tokens, and their token is involved in the OKEx Earn (the OKEx Earn is a project that helps users earn on their assets). The OKB token also has another purpose, which is to allocate funds to the OKEx Jumpstart platform. Jumpstart participation is only available to users after registration on the site - sales are then made through MixTrust. Advantages of the OKB platform Transaction fee discounts, The platform has clearly defined levels based on users’ OKB holdings. The more users are level on, the more transactional discounts they are awarded for their OKB tokens. VIP users get even better discounts and benefits. Jumpstart sessions, OKEx offers the Jumpstart sessions which is the OKEx tokens sales platform, holders who hold a minimum of 100 tokens for 5 days consecutively will be eligible to participate in the session. Each user's amount they are given after the session is dependent on the OKB amount and for the amount of time the holder held the tokens for. Designated merchants, When trading occurs, there is often a small amount left over in the wallet which is left unused. To manage this issue, OKEx supports a small-balance conversion, whereby users can convert all the leftover balances into OKB tokens.   Past, present and future prices of The OKB network In Mid 2019 the price of OKB was low, from there the price rose gradually, reaching its first peak in February of 2020 at a price of $5.86. Thereafter its price continued to rise reaching another higher peak during the first quarter of 2021 at a price of $21.26. Thereafter the price continued to rise again, reaching its all time high of $28.81 in December of 2021. The year 2022 has seen the price of this token fall consistently over the past 7 months. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, OKB does fall under this category. According to some analysts, the future price of The OKB network (OKB) could reach up to $33.94 by 2026 and could see a price of more than $78.97 by 2030 and $8.72. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. OKB Price Chart Sources: finance.yahoo.com, blocktalks.medium.com, okx.com, cryptonewz.com
The Collapse Of The Silicon Valley Bank Weakened The Dollar And USD/JPY But Supported EUR/USD, AUD/USD, And GBP/USD

US Dollar Hitting 19-year Highs (EUR/USD, GBP/USD), Russia Cuts Off Gas Taps (EUR/GBP), GBP/AUD Currency Pair & RBA Policy Decision

Rebecca Duthie Rebecca Duthie 05.07.2022 17:21
Summary: The US Dollar is hitting 19 year highs on Tuesday. Russia turns gas taps off Europe, plunging the Euro. UK strikes over pay began on Tuesday. RBA policy decisions lacked hawkish rhetoric. Read next: A Global Economic Slowdown Is Causing Risk-Off Sentiment, The US Dollar Remains Strong and AUD Expected To Be Currency Most Affected (EUR/USD, EUR/GBP, GBP/AUD  US Dollar Continues on its strengthening path The market is reflecting bearish signals for this currency pair. The US Dollar is hitting 19 year highs on Tuesday, this has been helped by a plunging EUR/USD currency pair, which has set its own 19-year low. Whilst there has been no particular event that has sparked the plunging of the Euro, the combination of a multiple of things has driven its downfall. Hence, the events include Russian gas deliveries for June which was 40% shorter than expected, this has caused European gas prices to remain elevated. In addition, Nord stream is set to close completely for annual maintenance, where it shuts down completely during July 11-21st, the risk, however, is that the pipeline may not come back online. In addition European Central Bank (ECB) representative Nagel did little to help the Euro as he cautioned against using monetary policy to limit risk premia of indebted states, he also stated that an Anti-Fragmentation tool could only be used during exceptional circumstances. Although Bundesbank’s Nagel is part of the minority, this does raise the risk of a watered-down Anti-Frag tool, which has ultimately disappointed the market expectations. EUR/USD Price Chart Russia turns the gas taps off to a pipeline. The market is reflecting bearish signals for this currency pair. The Euro is on its backfoot against the pound sterling in the wake of surging Eurozone energy prices after Russia cut off the taps to a key pipeline. The Euro has been aggressively sold during the Tuesday trading day, starting from 8am London time. This is putting pressure on the Euro. EUR/GBP Price Chart Strikes in the UK began on Tuesday The market is reflecting bearish signals for this currency pair. Strikes in the UK over salaries began on Tuesday and could cut the country's gas output by almost a quarter and could exacerbate supply shortages in the wake of the war in the Ukraine. There is a possibility that around 15% of Norway's oil output could also be cut by Saturday, this is according to a Reuters calculation and is based on the plans of union members to gradually escalate their action over the coming days. Amidst these facts, the US Dollar remains strong. GBP/USD Price Chart GBP/AUD The pound sterling to Australian Dollar currency pair has been volatile, but may still struggle to rise if the US Dollar doesn't hold onto its Tuesday highs in the coming days. The AUD tumbled before most of its currency counterparts on Tuesday in the wake of the Reserve Bank of Australia (RBA) July policy decision, which saw the cash rate lifted by 0.5% for a second time, taking it up to 1.35% for the time being. Despite this move, the decision was widely expected by the markets, however, the statement that came with the policy decision indicated to the markets that the hawkish rhetoric from the RBA was lacking. GBP/AUD Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
OPEC+ Meeting: Saudi Arabia Implements Deeper Voluntary Cuts to Boost Oil Prices

Exxon (XOM) Price Falls In the Wake Of Declining Energy Prices

Rebecca Duthie Rebecca Duthie 05.07.2022 16:51
Summary: Exxon price slumps. Falling energy prices lower Exxon earnings expectations. Read next: A Global Economic Slowdown Is Causing Risk-Off Sentiment, The US Dollar Remains Strong and AUD Expected To Be Currency Most Affected (EUR/USD, EUR/GBP, GBP/AUD  Energy producer Exxon Exxon (XOM) share price declined during Tuesday’s trading day in the wake of declining energy prices which offset the forecast for the energy and oil giant, which gave markets expectations for a record surge in their profits for the second quarter. Exxon updated the SEC late on Friday last week indicating their operating profits were likely to rise by $7.4 billion from the 3 months ending in March, where the recorded profits came in at $8.8 billion. The formal second quarter earnings report from Exxon is due on July 30th. XOM Price Chart Sources: finance.yahoo.com, thestreet.com
Commodities Update: Strong Russian Oil Flows to China and Volatility in European Gas Market

NGAS Prices See Relief, Cotton Prices Drop As Recession Fears Heighten, Gold Prices Drop As Hawkish Central Banks Continue

Rebecca Duthie Rebecca Duthie 05.07.2022 16:41
Summary: Cotton is at its lowest price since last September. Rising inventories causing Natural gas to close at its lowest level since mid-March. Gold prices falling as central banks continue with aggressive monetary policy tightening. Read next: https://www.fxmag.com/commodities/concerns-over-tight-supplies-is-driving-brent-crude-oil-prices-up-silver-prices-falling-favourable-weather-weak-demand-tight-supplies-factors-driving-corn-prices  NGAS prices dropping in the wake of rising inventories Rising inventories causing Natural gas to close at its lowest level since mid-March. The US domestic market has gained an additional 2 bcf of NGAS per day since the explosion at Freeport LNG, according to the company it is expected to return to partial operational capacity in October. During the week ended 24th June, the extra fuel gave utilities the opportunity to inject 82 bcf into underground storage, according to EIA, which beat the median estimate of 74 bcf. NGAS Aug ‘22 Futures Price Chart As major central banks continue with aggressive monetary policy tightening, Gold is falling Gold prices fell below the $1,800 mark during Tuesday's trading day in the wake of pressures from imminent interest rate hikes by major central banks and a strong US Dollar. The Federal Reserve bank confirmed market expectations for an extended monetary policy tightening path, with some policy makers even advocating for another 75bps hike in July in an attempt to lower consumer prices. Simultaneously, the European Central Bank (ECB) has also pledged to start raising interest rates in July and is expected to bring its deposit interest rate into the positive side during the third quarter. In addition, tighter financial conditions amongst major economies increased fears of a global recession, pushing investors towards the safety of the dollar and prompting a broad decline in commodity prices. Gold Aug ‘22 Futures Price Chart Cotton prices impacted by slowing economies Cotton is at its lowest price since last September in the wake of heightened fears of a recession amidst lower demand prospects. The inflation sensitive commodity is due to be negatively impacted by the slowdown of economic activity and consumption As major global central banks are raising rates to fight inflation. In addition, adding to the weighing on the prices is a better crop outlook as favorable weather conditions boosted hopes of good yields in top growing regions. Cotton Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
The Loonie Pair (USD/CAD) Takes Clues From The Downbeat Oil Prices

Oil Companies Gains Offer FTSE 100 Support, The Canadian Dollar’s Current Situation

Rebecca Duthie Rebecca Duthie 04.07.2022 22:54
Summary: Top oil firms offer the FTSE 100 Index support on Monday. On Monday the GBP/CAD currency pair suppressed back to almost 10-year lows. Read next: Bitcoin Prices Struggling To Break Above $20,000 Mark  FTSE 100 (FTSE) The FTSE index closed the Monday trading day around 0.9% up. The rise in the index comes in the wake of oil firms seeing gains due to the rising of oil prices on Monday. Shell, BP and Harbour energy were amongst the top performers on the index. The Monday trading day also saw early positivity in both the Asian and Euro markets amidst hopes that the US could ease off on tariffs on China. The US markets remained silent as traders enjoyed time off for the 4th of July Independence Day celebrations. FTSE Price Chart Canadian Dollar Struggles On Monday the GBP/CAD currency pair suppressed back to almost 10-year lows. During mid-June the Canadian Dollar had gained on the pound sterling and against other currencies, the gains have been scuppered and the CAD is fighting 10-year lows against the GBP. Canadian employment growth came in moderate for June, however, strong wage inflation will likely put the Bank of Canada under pressure to impose more aggressive monetary policy going forward. Sources: poundsterlinglive.com, finance.yahoo.com
In The Coming Days Will Be The Final Consolidation Of Bitcoin

Bitcoin Prices Struggling To Break Above $20,000 Mark

Rebecca Duthie Rebecca Duthie 04.07.2022 22:41
Summary: Bitcoin prices struggle below the $20,000 mark, but still above June low. Read next: Oil Companies Gains Offer FTSE 100 Support, The Canadian Dollar’s Current Situation  Bitcoin prices rose more than 2% on Monday The price of the largest cryptocurrency, Bitcoin (BTC) has consistently struggled to break above the $20,000 mark since it dropped below last Tuesday. BTC has risen around 2% in the past 24 hours, however the fall in price since the start of the 2022 year could largely be attributed to the wider market sell-off in the wake of depressed market conditions. Bitcoin’s price is trading at less than a third of its all-time high price of $69,000 reached in November of 2021, but has managed to stay above its lowest of $18,000, the bottom it hit during a wide sell-off in mid June. BTC Price Chart Sources: finance.yahoo.com, barrons.com
ECB's Knot: July Rate Hike Necessary, Beyond July Uncertain; Canadian CPI Supports Rates on Hold; Global Crypto Market at $1.2 Trillion; Oil Market Tightens with Russian Shipments Drop and China's Support Measures

A Global Economic Slowdown Is Causing Risk-Off Sentiment, The US Dollar Remains Strong and AUD Expected To Be Currency Most Affected (EUR/USD, EUR/GBP, GBP/AUD, AUD/JPY)

Rebecca Duthie Rebecca Duthie 04.07.2022 16:40
Summary: During the trading week last week the EUR/USD currency pairs price fell back to near five-year lows. It is expected that the global economic slowdown will affect the Australian Dollar more than the Pound Sterling. Investors looking out for ECB announcements and EU retail data this week. AUD/JPY bearish. Read next: Concerns Over Tight Supplies Is Driving Brent Crude Oil Prices Up, Silver Prices Falling, Favourable Weather, Weak Demand & Tight Supplies - Factors Driving Corn Prices  Euro’s left at the mercy of market sentiment The market is reflecting mixed signals for this currency pair. During the trading week last week the EUR/USD currency pairs price fell back to near five-year lows and may be at risk of remaining under pressure to those levels in the coming days unless the U.S currency falters further in the wake of its stumble on Friday. The Euro is under pressure from the strong US Dollar and neither currencies benefitted last week despite central banks claiming their determination to fight inflation. There was not much activity over the weekend regarding events that could move the market, thus, the global market including the Euro has been left at the mercy of market sentiment. EUR/USD Price Chart EUR/GBP currency pair The market is reflecting mixed sentiment for this currency pair. Investors will be watching the European Central Bank’s (ECB) policy announcements this week as well as the EU retail sales data that is due to be released. The Euro got no support when ECB president Christine Lagarde spoke last week and emphasised the importance of optionality in relation to the size and timing of interest rate changes after the 0.25% uplift in July that was pre-announced last month. EUR/GBP Price Chart AUD expected to be more affected by the economic slowdown than the GBP The Australian Dollar is one of the biggest losers amongst the major currency pairs over the past month and analysts predict this week's Reserve Bank of Australia (RBA) policy update mixed with souring global investor sentiment should keep the currency under pressure from the pound sterling. In addition, it is expected that the global economic slowdown will affect the Australian Dollar more than the Pound Sterling. GBP/AUD Price Chart AUD/JPY currency pair The market is reflecting bearish signals for this currency pair. It is expected by the market that the global economic slowdown will affect the Australian Dollar. The Bank of Japan (BoJ) is currently defiantly maintaining yield curve control despite speculators attacks that are betting that the BoJ will be unable to hold yields down if prices continue to rise. AUD/JPY Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Eyes On Iran Nuclear Deal: Oil Case. Gold Price Is Swinging

Concerns Over Tight Supplies Is Driving Brent Crude Oil Prices Up, Silver Prices Falling, Favourable Weather, Weak Demand & Tight Supplies - Factors Driving Corn Prices

Rebecca Duthie Rebecca Duthie 04.07.2022 15:54
Summary: Concerns around tight Brent supplies outweighed concerns around a global recession dampening demand. Silver prices falling in the wake of an aggressive Fed. Traders weighed weak demand and favourable weather prospects against fears of tight supplies. Read more: Gold Futures Fell To Near 7 Week Lows, Investors Weighing Supply v Demand For WTI Crude, Platinum Prices  Brent Crude Oil prices are up on Monday Brent crude oil prices are up on Monday as concerns around tight supplies outweighed concerns around a global recession dampening demand. A Reuters survey showed that output from 10 OPEC members fell during June. In addition, exports from Libya also declined below expected levels and Norway's daily output is expected to decline due to a planned strike by Norwegian energy sector workers. Brent Crude Futures Price Chart Silver prices reaching 2 year lows Silver prices have been consistently declining to prices not seen since July of 2020, as they close in toward the $20 per-ounce mark. The price declines come in the wake of aggressive monetary policy tightening by the Federal Reserve to try to control high inflation levels which caused investors to turn away from the non-yielding metal. The Fed has reiterated their commitment to fighting inflation, setting expectations for a back-to-back 75 bps interest rate hike in July. Silver Sept ‘22 Futures Price Chart Investors weighing weak demand and favourable weather against tight supply fears Corn prices hovered around $7.5 per bushel as traders weighed weak demand and favourable weather prospects against fears of tight supplies. More corn crop has been planted than the March recordings, the crop flourished in its early stages of development after a late start to planting, this is due to the wet and cool conditions around most of the Midwest. Meanwhile, traders are watching the weather forecasts for the coming weeks as the corn enters its pollination phase which will determine the yields during the harvest that starts in September. At the same time, aggressive monetary tightening is raising fears of economic slowdown and demand destruction is causing concerns around demand for the grain. Corn Dec ‘22 Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
Altcoins: Komodo (KMD) - What Is It? - A Deeper Look Into the Komodo (KMD) Platform

Altcoins: Komodo (KMD) - What Is It? - A Deeper Look Into the Komodo (KMD) Platform

Rebecca Duthie Rebecca Duthie 04.07.2022 15:07
Summary: What is The Komodo Platform and how does it work? Advantages of the Komodo exchange. Komodo’s past, present and future price positions Read next: Altcoins: Fusion (FSN) - What Is It? - A Deeper Look Into the Fusion (FSN) Platform, An Interoperable Ecosystem For Financial Innovations  The Komodo platform Komodo is an open-source technology provider that offers enterprises and developers all-in-one blockchain solutions. Komodo builds technologies that make it possible for anyone to launch cross-protocol financial applications, branded decentralised exchanges and independent blockchains. Komodo’s flagship, end-user application is AtomicDEX which is a non-custodial multi-coin wallet, bridge and DEX rolled into one app. AtomicDEX is compatible with 99% of the cryptocurrencies currently in existence and offers the widest cross-chain, cross-protocol trading support of any decentralised exchange. AtomicDEX is the 3rd generation application of Komodo’s atomic swap technology. The technology is built through the use of a peer-to-peer (P2P) atomic swap protocol with decentralised order books. Developers make use of the AtomicDEX API to build initial DEX offering (IDO) portals, cross-protocol DEXs, multi-coin non-custodial wallets and other decentralised applications. Some of AtomicDex’s features include; Fast trading, security due to users not needing to give up private keys or funds at any time, facilitating versatility as no trading pairs are restricted and low fees (market makers are not required to pay any fees, although the market takers are required to pay fees it is only 0,15%). The native currency for Komodo is the KMD coin, which is used in the Komodo ecosystem for scalable, cheap, fast and secure transactions. Komodo was launched in 2014 as a fork of ZCash, it has since changed its focus to being business friendly, interoperable, secure, adaptable and scalable. Komodo is the creator of the delayed proof-of-work (dPoW) which is the industry-leading 51% attack security network. Powered by Litecoin cross norarisations and is backed by a notary node network, currently dPoW secures more than 30 blockchains. Komodo also provides its own native multi-chain blockchain network that allows anybody to launch a blockchain of their own, that is independent of the Komodo blockchain, this blockchain is called a Komodo Smart Chain (KSC) and runs separately from the KMD chain. Each KSC has its own coin, has fully customisable parameters and faces zero gas fees. Komodo also facilitates Antara, according to its website, Komodo’s Antara is “a simple and adaptable framework for custom blockchain development”. With Antara, users can easily activate models, launch a chain and build blockchain based applications. Some of the Antara features include; its Turning complete which cupports C/C++, meaning users can code any program or software to run on your smartchain with Antara. The Antara also facilitates a no gass fee, it only requires a single fee to run. In addition, Antara also allows for custom modules to be written to build advanced blockchain based software. Advantages of the Komodo platform The Komodo platform ensures a high level of security through leveraging the Bitcoin hash power with the help of the delayed proof-of-work (PoW) It allows for direct transfers of different assets and tokens with Atomic Swaps. Users are able to customise their blockchains freely according to numerous parameters. All Komodo blockchains support Atomic Swaps, smart contracts and privacy. It ensures high-level scalability and interoperability with multi-chain syncing and cross-chain smart contracts. No gass fee. Past, present and future prices of The Komodo network (KMDD) At the start of 2018, the price of Komodo’s KMD rose and peaked at $11.33, this was followed by a sharp decline during the first quarter of 2018, the price then continued to fall and reached a low of $0.52 for the 2018 year. The price remained low during 2019, only reaching a maximum price of $1.708. KMD’s price remained subdued in 2020 as well. During the first half of 2021, KMD’s price peaked and reached a maximum of $3.89 it then fell again and has been on a bearish trend to date. Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, KMD does fall under this category. According to some analysts, the future price of The Komodo network (KMDD) could reach up to $1.3 by 2026 and could see a price of more than $5.9 by 2030 and $8.72 by 2031. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. KMD Price Chart Sources: finance.yahoo.
Gold Futures Fell To Near 7 Week Lows, Investors Weighing Supply v Demand For WTI Crude, Platinum Prices

Gold Futures Fell To Near 7 Week Lows, Investors Weighing Supply v Demand For WTI Crude, Platinum Prices

Rebecca Duthie Rebecca Duthie 01.07.2022 17:23
Summary: Fed policymakers are signaling yet another 75 basis point rate increase in July. WTI is bullish. Platinum Prices are at 19 month lows. Read next: https://www.fxmag.com/commodities/wheat-prices-supported-by-increased-importer-demand-weaker-demand-is-plunging-platinum-prices-rbob-gasoline  Gold Futures near 7 week lows. Gold prices neared near 7 week lows on Friday as a strong dollar continued on its path to dampening demand for bullion, whilst a broader market sentiment in risk assets pushed investors to liquidate their gold positions to offset losses in their other holdings. Fed policymakers indicated during this week a commitment to controlling inflation even at the risk of a recession, signaling yet another 75 basis point rate increase in July. Gold is normally considered as a hedge against inflation and economic uncertainty, however higher interest rates increase the opportunity cost of holding non-yielding bullion. Gold Aug ‘22 Futures Price Chart Investors weigh tight supply on the backdrop of falling demand WTI Crude Oil WTI crude oil futures dipped and bounced back during the Friday trading day as investors weighed a tightening supply on the backdrop of recession prospects and a slowing economy causing a decline in demand. Earlier this week OPEC+ agreed to stick to its output strategy, increasing production by 648,000 barrels per day in July and August, despite signs that the physical crude market remains very tight. In addition, factors added to the bullish outlook for crude include supply outages in Libya and expected shutdowns in Norway. WTI Crude Oil Aug ‘22 Futures Price Chart Platinum prices at 19 month lows Platinum prices plunged amidst prospects of a weaker demand for the metal that outweighed the fear of tighter supplies. As major central banks all over the world continue to raise interest rates in an attempt to control inflation despite the possibility of a recession, in the wake of aggressive monetary policy, a slowdown in economic activity (including vehicle production) is inevitable. As the war in the Ukraine shows no signs of slowing, global platinum supplies are expected to remain subdued. Platinum Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com, fxmag.com
Popular crypto bridges and the ways they work - Avalanche Bridge, Polygon Bridge and more

5 Cryptocurrencies To Keep A Watch On: FTX (FTT), Litecoin (LTC), Pancakeswap (CAKE), Ripple (XRP), Cardano (ADA)

Rebecca Duthie Rebecca Duthie 01.07.2022 16:10
Summary: A summary of FTT, LTC, CAKE, XRP, ADA Clawback prevention, peer-to-peer, Proof of work, proof of stake, proof-of-history. The automated market model The FTX Platform According to its creators, FTX stands out from other mainstream platforms due to its clawback prevention, centralised collateralised pool and universal stablecoin settlement features. FTX reduces the clawbacks on the platform by making use of a three-tiered liquidation model. Clawbacks refer to the amount of user funds that have been claimed by socialised losses. FTX derivatives are stable-coin settled and only require one universal margin wallet, this prevents fragmented capital across different wallets and exchanges which normally poses a problem for traders when it comes to liquidating positions. FTX is unique because it is backed by Almeda Research, which is well known as one of the leading companies in crypto trading and one of the largest liquidity providers. FTX covers services such as collateral, maintenance margins, liquidation processes and product listing. They are focused on fast development cycles which allows them to deploy crypto trading systems at competitive speeds. Read more: Altcoins: What Is FTX (FTT Token)? - A Deeper Look Into The FTX Platform  The Litecoin Platform Litecoin is a peer-to-peer cryptocurrency and an open-source software project that was released under the MIT/X11 licence. Litecoin started in October 2011 as one of the first altcoins. Litecoin expands on the original Bitcoin (BTC) technology. Peer-to peer cryptocurrencies refer to transactions between two parties of some asset (such as digital currency) that does not require involvement from a central authority. Litecoin is a decentralised platform that has no censorship and is available to all. Users can send low cost, private, secure borderless payments to anyone they choose at anypoint and to anywhere in the world. Litecoin is blockchain secured, meaning that it is the largest global scrypt based network operating at 100% since 2011, tracasting and securing billions of dollars of value. Read more: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform  The PancakeSwap platform PancakeSwap is an automated market maker (AMM), a decentralised finance (DeFi) application which allows users to exchange tokens and provides liquidity via farming and earning rewards. PancakeSwap users trade against a liquidity pool, which are filled by users with deposits and in return receive liquidity provider (LP) tokens. The liquidity provider tokens can later be used to reclaim their deposits plus a portion of the trading fees. PancakeSwap allows users to trade BEP20 tokens (token on the Binance smartchain), and provides liquidity to the exchange and earn fees, stake liquidity provider tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects. PancakeSwap is one of the most popular decentralised platforms that is available to users for trading, winning crypto and earning. The platform is trusted with billions by millions. PancakeSwap has the most users of any decentralised platform, ever. The platform has 2.9 million users over 40 million trades in the last 30 days and a stake of $4.8 billion. Read next: Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform  The Ripple Platform Peer-to-peer networks refers to the direct exchange of an asset between individuals, the transaction does not involve a central authority. XRP is the native cryptocurrency of Ripple Labs Inc, a cryptocurrency payment system. XRP is Ripples digital asset used for global payments, the cryptocurrency allows the transferring of payments at very low cost which aims to attract the attention of banks and retailers. Ripples superpower is the combination of extremely low costs and completing the transaction in under 5 seconds. Ripple is known to be a cryptocurrency built for business use. Ripples enterprise-grade solutions are quicker, more cost-effective and more transparent than the more traditional form of financial assets. The Ripple users use these solutions to facilitate instant payments, find and buy crypto, engage audiences, grow their treasury, drive new revenue and lower capital requirements. Read more: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP  The Cardano Platform Cardano’s mission is to be a blockchain for innovators, visionaries and changemakers, it has the tools and technologies required to create possibilities to bring about positive global change for the many, as well as the few. The cardano platform is a proof-of-stake blockchain, it was the first to be founded on peer-review research and was developed through evidence-based methods. The blockchain combines pioneering technologies to provide unparalleled sustainability and security to decentralised systems, applications and technologies. Cardano’s aim is to be an enabling force for positive change and progress, in order to achieve this they have a leading team of engineers. The platform exists to redistribute power from the unaccountable to the margins and the individuals. Cardano is the first blockchain to implement the Ouroboros protocol. Ouroboros is the first peer-reviewed, verifiably secure blockchain protocol, which enables Cardano’s decentralisation and allows it to scale global requirements sustainably without compromising security crucially. Read more: Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA)  Sources: FXMAG.com
Micron Stock Price (MU) Earnings Forecast For The Current Quarter Missed Expectations

Micron Stock Price (MU) Earnings Forecast For The Current Quarter Missed Expectations

Rebecca Duthie Rebecca Duthie 30.06.2022 23:51
Summary: MU Stock price down 2.86% in after market closing. Read next: US Dollar Softening Due To Recession Fears (EUR/USD), Is A 50bps Interest Rate Hike Due To Kick Off The ECB Interest Rate Hiking Cycle ? (EUR/GBP), AUD Recovering As China Reopens Their Economy  Micron stock falls On Thursday the memory-chip maker Micron (MU) beat Wall Street's earnings target for its third fiscal quarter and matched their sales view. However it well missed the expectations regarding guidance for the current quarter and the MIU stock price fell during extended trading. For the current quarter, Microns adjusted forecasted earnings of $1.63 per share on sales of $7.2 billion which missed analysts expectations of $2.6 per share on $9.15 billion sales for their 4th quarter. MU Price Chart Sources: finance.yahoo.com, investors.com
Altcoins: Fusion (FSN) - What Is It? - A Deeper Look Into the Fusion (FSN) Platform, An Interoperable Ecosystem For Financial Innovations

Altcoins: Fusion (FSN) - What Is It? - A Deeper Look Into the Fusion (FSN) Platform, An Interoperable Ecosystem For Financial Innovations

Rebecca Duthie Rebecca Duthie 30.06.2022 23:23
Summary: What is the Fusion Platform and how does it work? Advantages of the Fusion exchange. Fusion’s past, present and future price positions. Read next: Altcoins: IOTA (MIOTA) - What Is It? - A Deeper Look Into the IOTA (MIOTA) Platform  The Fusion platform Fusion is an interoperable ecosystem for financial innovations, it is a platform that is aimed at powering the next wave of DeFi innovation on the blockchain. Fusion has a current market capitalisation of more than $16.3 million. There is a maximum supply of 81,92 million FSN tokens and there are currently 71,995 million in circulation. Fusion describes itself as an all-inclusive blockchain based financial platform that offers cross-chain, cross data source and cross-organisation services through making use of smart contracts. The Fusion project makes use of the Hierarchical Hybrid Consensus Mechanism (HHCM), which amalgamates elements from proof-of-stake (PoS), proof-of-work (PoW) and parallel computing, this is done with the goal of creating a safe and efficient platform. Fusion leverages Distributed Control Right Management (DCRM) as an extra layer of security, DCRM protects crypto assets on the Fusion blockchain. The distributed storage and sharding of a private key ensures that no single node has the ability to gain control of assets. Fusion also provides for multiple triggering modes, such as event-based and time-based triggers, these are included in their smart contracts, which were designed to meet the demands of complex smart contracts. Ecosystem projects on the Fusion platform: The Fusion Wallet allows platform users to create, manage, enhance, receive, send, time-lock and swap digital assets within an interoperable framework. The Quantum Swap Sandbox allows Fusion users to swap any digital asset with any exchange pair and maintain complete control over all of the swap parameters enjoying low gas fees, seamlessly. The Block explorer project is a fully realised block explorer that is used to track wallet addresses, transactions, time-locks, block height and both native and external assets. The network monitor project is used to monitor block time, gas price, difficulty calculation, propagation time and other performance metrics on the Fusion network monitor. It is possible for prospectus and current users to purchase Fusion’s FSN token at the current rate on the top cryptocurrency exchanges for trading in Fusion stock, some of these exchanges include OKX, KuCoin, Huobi Global, MEXC and Gate.io. Advantages of the Fusion platform Interoperability: Fusion facilitates cross-chain interoperability through a decentralised custodian model (DCM). Time-lock feature, this feature is unique to Fusion and allows users to extract time-value out of their digital assets. Smart contracts: Fusion facilitates Ethereum compatible enhanced crypto financial smart contracts. Security: Manage and control private keys in a distributed manner with DCRM technology. Scalability: Fusion is scalable, decentralised, efficient and environmentally friendly network nodes. Digital assets: Users can create, lend or manage their own digital assets and NFTs using the Fusion’s FRC20 protocol. Staking: efficient and improved Ethereum compatible, tickered proof of stake algorithm. Developer friendly: users can jumpstart their application with a new set of APIs geared to finance. Past, present and future prices of The Fusion network (FSN) The FSN token reached its first peak in August of 2018 hitting a price of more than $8.4, the first peak was then followed by a gradual but steady decline. Since the first price peak, the price of FSN has remained relatively steady but has, however, jumped up and down over the years. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, FSN does fall under this category. According to some analysts, the future price of The Fusion networks (FSN) could reach up to $0.61 by 2024 and could see a price of more than $6 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. FSN Price Chart Sources: Fusion.org, coinmarketcap.com, priceprediction.net,
Russia Look Set To Double Its Exports For The First Half Of 2023

Wheat Prices Supported By Increased Importer Demand, Weaker Demand Is Plunging Platinum Prices, RBOB Gasoline

Rebecca Duthie Rebecca Duthie 30.06.2022 23:01
Summary: Platinum prices plunged amidst prospects of a weaker demand for the metal Wheat prices touched four-month lows on June 27th but have since recovered somewhat. Prospects of a recession could cause a decrease in oil demand are driving oil prices down. Platinum prices plunged on Thursday Platinum prices plunged amidst prospects of a weaker demand for the metal outweighed the fear of tighter supplies. As major central banks all over the world continue to raise interest rates in an attempt to control inflation despite the possibility of a recession, a slowdown in economic activity (including vehicle production) is inevitable. As the war in the Ukraine shows no signs of slowing, global platinum supplies are expected to remain subdued. Platinum Oct ‘22 Futures Price Chart Wheat prices supported by increased importer demand Wheat prices touched four-month lows on June 27th but have since recovered somewhat, supported by increased demand from importers. In the wake of a muted demand period, state tenders from Bangladesh, Jordan and signs of future tenders from Egypt all contributed to lifting buying expectations. However, currently there is a record supply of wheat from Russia and a strong harvest that was stronger than expected in North America. Investors continue to monitor the possibility of seaborne exports from Ukraine, after Italian Prime Minister Draghi hinted that trade corridors may open soon. Wheat Sep ‘22 Futures Price Chart RBOB Gasoline Oil futures prices fell on Thursday in the wake of a weekly increase in U.S gasoline and distillate supplies raising worries over the demand outlook, and major oil producers are expected to remain on track to boost production in August. The market uncertainty over future OPEC+ output and recession fears which could cause a decrease in oil demand are driving oil prices down. RBOB Gasoline Jul ‘22 Futures Price Chart Sources: finance.yahoo.com. tradingeconomics.com
Softer German CPI Inflation Data Causing Euro To Lose Against US Dollar and Pound Sterling (EUR/USD, EUR/GBP), SNB Interferes (EUR/CHF), USD/CAD

Softer German CPI Inflation Data Causing Euro To Lose Against US Dollar and Pound Sterling (EUR/USD, EUR/GBP), SNB Interferes (EUR/CHF), USD/CAD

Rebecca Duthie Rebecca Duthie 29.06.2022 18:03
Summary:Early CPI data out of Germany indicated to the market that it may have passed its inflation peak.SNB wishes to ensure Swiss exchange rates behave consistently with its monetary policy.CAD is seemingly going to remain under pressure from the US Dollar.ECB due to hike inflation rates in JulyThe market is reflecting bearish market sentiment for this pair. The Euro gained some favour early on in the Wednesday trading session in the wake of both industrial and economic data which exceeded estimates. The release of this data could reiterate the hawkish sentiment seen on Tuesday by various European Central Bank (ECB) officials, including ECB president Christine Lagarde. Early CPI data out of Germany indicated to the market that it may have passed its inflation peak, which resulted in falling Eurozone bond yields and Euro exchange rates. This data could perhaps indicate that the worst of the current inflation spike could be over. EUR/USD Price ChartSofter German CPI inflation dataThe market is reflecting bullish signals for this currency pair. In the wake of German CPI inflation data beating expectations and showing signs of reaching a peak, the Euro managed to pound sterling. The European Central Bank is prepared to raise interest rates in July and again in September as it attempts to control surging inflation this has created a shift in policy which has boosted Eurozone bond yields and offered a floor under the Euro. However, lower inflation readings could turn the ECB to be more cautious and opt for a 25 basis point hike instead of a 50 basis point hike and could also suggest that there may not be as many interest rate hikes in the coming months as was anticipated. EUR/GBP Price ChartSNB interference offering the CHF supportThe market is reflecting bearish signals for this currency pair. The Swiss Franc has remained one of the top performing major currencies thanks to the role the Swiss National Bank (SNB) has played in helping the Swiss Franc’s performance. The strong performance came in the wake of heavy intervention by the SNB during the Tuesday trading session who had recently said it would be prepared to sell reserves in order to ensure that the Swiss exchange rates behave in a manner that is consistent with its monetary policy. EUR/CHF Price ChartCAD proving it can keep up with the US DollarThe market is reflecting bearish signals for this currency pair. The Canadian Dollar may continue to outperform the pound sterling and Euro, however, it is seemingly going to remain under pressure from the US Dollar. The Canadian Dollar has proved it is able to keep in touch with its southern neighbour better than its G10 counterparts. USD/CAD Price ChartSources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
OPEC+ Meeting: Saudi Arabia Implements Deeper Voluntary Cuts to Boost Oil Prices

Tighter Supply Concerns For WTI Crude Oil, Coffee Prices At 2 Week Lows, Palladium Prices Are Rising With Expectations Of Increasing Demand

Rebecca Duthie Rebecca Duthie 29.06.2022 09:46
Summary: WTI Crude Oil prices have been rallying as investors weigh concerns over ongoing supply tightness over a potential slowdown in demand. Concerns around dry weather conditions in Brazil may lead to lower coffee yields. Palladiums prices rise in the wake of China easing covid restrictions in China WTI Crude Oil Prices are rising as concerns around supply outweigh demand concerns WTI Crude Oil prices have been rallying as investors weigh concerns over ongoing supply tightness over a potential slowdown in demand. Industry data reflected that Crude inventories declined last week worse than the market has expected. In addition the US crude benchmark jumped 2% in the previous session in the wake of reports that major producers UAE and Saudi Arabia are at (or very close to) near term limits, whilst simultaneously unrest in Ecuador and Libya which threaten to tighten supply further. This comes before an OPEC+ meeting this week, where the group is expected to stick to its policy of modest output increases. WTI Crude Oil Aug ‘22 Futures Price Chart Coffee prices downside may be limited Arabica Coffee futures are trading at around 2 week lows as coffee production improved. In addition, the USDA projected global coffee production to rise in their 2022/23, mainly due to Brazil’s arabica crop entering the on-year of the biennial production cycle. However, concerns around dry weather conditions in Brazil may lead to lower coffee yields and limit the downside in coffee prices. Coffee Sep ‘22 Futures Price Chart Palladium Prices Rise Palladium Futures have risen to around 2 week highs after they rebounded from 6 month lows that we hit in mid-June in the wake of China’s decision to lift covid restrictions in Shanghai which lifted hopes of a recovery in metal demand. China is the largest consumer of palladium, and accounts for 26% of the total global consumption. In parallel, traders expect major central banks to ease back from aggressive monetary tightening due to easing inflation and disappointing macroeconomic figures, raising expectations of a recovery in global economy and in turn consumer spending.   Palladium Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Altcoins: IOTA (MIOTA) - What Is It? - A Deeper Look Into the IOTA (MIOTA) Platform

Altcoins: IOTA (MIOTA) - What Is It? - A Deeper Look Into the IOTA (MIOTA) Platform

Rebecca Duthie Rebecca Duthie 29.06.2022 09:00
Summary: What is The IOTA Platform and how does it work? Advantages of the IOTA exchange. IOTA’s past, present and future price positions The IOTA Platform The IOTA pl​​atform is a distributed ledger: it isn't actually a blockchain. Instead its proprietary technology is known as Tangle, which is a system of nodes that confirm transactions. The foundation that this platform rests on claims it offers greater speeds than conventional blockchains - a footprint that is ideal, especially in the ever-expanding Internet of Things ecosystem. Due to the fact that it is not a blockchain, IOTA does not have miners and therefore does not have any fees. Many networks that are established see costs inflate as congestion on the network intensifies, however IOTA aims at providing limitless throughput at minimal expenses. IOTA plans to become the de facto platform for executing between IoT devices. The IOTA team also believe that potential use cases do not stop there, they also believe that their distributed ledger could: deliver digital identities to all, deliver seamless global trade, result in car insurance policies that are based on actual usage, pave the way for cutting-edge smart cities and prove the authenticity of products. IOTA’s token, MIOTA has a maximum supply of almost 2.78 billion tokens, 100% of these are currently in circulation. The current market capitalisation is more than $794 million. Advantages and disadvantages of the IOTA platform Advantages: The IOTA platform's transaction rate is substantially faster than many of its crypto counterparts due to the fact that consensus is unnecessary. IOTA is scalable due to its fast transaction time. The IOTA coin, MIOTA, facilitates micro-payments, even small amounts are feeless. IOTA has low energy consumption, and may be more sustainable than other platforms. Disadvantages: Has, in the past been subject to theft, and MIT found a vulnerability with its hash function. Ethereum’s co-founder, Vitalik Buterin, has cast doubt on IOTA’s ability to solve scalability issues. How is IOTA unique? One of the main features setting IOTA apart from its crypto counterparts is the fact that it is a blockchainless blockchain, which is unusual. IOTAs Tangle which helps to maintain the IOTA network's ability to function as a blockchain and execute secure transactions. New transactions are validated through approving two previous transactions from another node - using this approach means that the network's speed and size will be directly related to the number of people that are using the platform. Some cryptocurrencies are run as businesses, however the IOTA foundation claims it is not for profit, just that its sole aim is making the network as prosperous as possible. In addition, IOTA has differentiated itself from many other crypto through establishing high-profile partnerships with the carmaker Volkswagen, and helping the city of Taipei to pursue smart projects. Although IOTA is not a blockchain, it is still secured through the use of a consensus mechanism through the use of a relatively straightforward Proof-of-Work puzzle which aids in validating transactions on the IOTA network. Past, present and future prices of The IOTA network (MIOTA) During the first few months of 2018 the price of MIOTA hit its first peak, reaching up to $4.5, the first peak was followed by a decline which continued all the way until the start of 2021. During the first half of 2021 the MIOTA price began to climb gradually and hit its second peak in May of 2021 and reached a price of around $2.4. The price then declined in a staggered manner, rising again in August of 2021. The price has been declining since. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, MIOTA does fall under this category. According to some analysts, the future price of The IOTA network (MIOTA) could reach up to $2.06 by 2026 and could see a price of more than $8.12 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. MIOTA Price Chart Sources: coinmarketcap.com, finance.yahoo.com, changelly.com, sofi.com
Altcoins: Chronoly (CRNO) - A Watch NFT !? A Deeper Look Into the Chronoly (CRNO) Platform

Altcoins: Chronoly (CRNO) - A Watch NFT !? A Deeper Look Into the Chronoly (CRNO) Platform

Rebecca Duthie Rebecca Duthie 28.06.2022 14:58
Summary: What is The Chronoly Platform and how does it work? Advantages of the Chronoly exchange. Chronoly’s past, present and future price positions. Read next: Altcoins: The Sandbox (SAND), What Is It? - A Deeper Look Into The Sandbox Platform, A World For The Gaming Community  The Chronoly Platform Chronoly is at the present time, the only altcoin whose value is backed by real assets. In the case of Chronoly, the assets that are backing this crypto are, at the present, only investment-grade luxury watches. The Chronoly platform is the world's first fractional watch investment platform on the Ethereum blockchain. The Chronoly crypto made its debut in May of 2022. Chronoly stores each of its classic watches securely in a vault, but before they do this, there is an exact replica model made in the form of an NFT (Non-fungible token). Each NFT thereafter is fractionalised so that a single fraction of the NFT can be sold for as little as $10. Thus, everyone who buys into a Chronolgy NFT buys a small part of the watch. Chronoly holders are able to trade their NFTs either on the Chronoly marketplace or OpenSea. Chronoly users are also able to stake their CRNO coins in return for a passive income and they even have an option to borrow against the value of their coins. The fact that users can borrow against their coin value is made possible by the fact that the Chronoly (CRNO) token is backed by real value. In addition, all CRNO token holders are automatically entered into a free monthly lottery and the lucky winners receive a watch for free. Chronoly claims to bring additional value and liquidity to their community and aims to disrupt the luxury watch market. They are aiming to democratise the luxury watch market and to break down the barriers to entry for luxury watch ownership. In addition, they are adding liquidity to the luxury watch market through fractionising and collateralising lending facilities which unlock liquidity in a tangible and historically illiquid asset class. They are also decentralised, holders can trade their watch NFTs on either the Chronoly platform or on other third-party ethereum compatible marketplaces. Chronoly Ecosystem Features The Chronoly makers are working on creating a foundation that is steady, which they hope will help support and sustain the Chronoly Ecosystem; they hope that through their expansion plans, they will create a “Chronoverse” that will seamlessly connect with the metaverse through blockchain technology. The marketplace is an application that allows users to sell, buy and fractionally invest in luxury watch NFTs, which are backed by the physical watch. The lending protocol is a lending facility that allows users to borrow against their physical watch and their NFTs at a competitive rate on the blockchain. The rewards club is the dedicated watch concierge service and private members club that allows members to gain access to exclusive NFT drops, watch networking events, and more. Pros and Cons of the Chronoly network Pros Offers decentralised aspects. Platform offers staking and lending. Investors can earn passive income through staking. Prize draws. Cons Market hype is inflating the price of CRNO. Past, present and future prices of the Chronoly network (CRNO) Since its debut in early May 2022, the price of CRNO has risen by more than 400%. Over the past month, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, strictly speaking CRNO does fall under this category however, they have still managed to see strong gains since its launch. According to some analysts, the future price of the Chronoly networks (CRNO) could jump up to 2500% and reach up to $0.5 by July 2022. Due to the fact that it is a brand new crypto, there are few reliable sources regarding future prices of CRNO tokens. However, based on the assumption already made, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. Sources: chronoly.io, coinspeaker.com, thebitcoinist.com, analyticsinsight.net.
ECB press conference brings more fog than clarity

US Dollar Softening Due To Recession Fears (EUR/USD), Is A 50bps Interest Rate Hike Due To Kick Off The ECB Interest Rate Hiking Cycle ? (EUR/GBP), AUD Recovering As China Reopens Their Economy

Rebecca Duthie Rebecca Duthie 28.06.2022 14:01
Summary: The Fed remains fixated on crushing inflation. Martins Kazaks announced that it was worth looking at a 50 basis point hike. The AUD is benefitting from the reopening of the Chinese economy. Read next: EUR/USD Currency Pair Bullish, KPMG Cuts Growth Forecast For Pound Sterling (EUR/GBP, GBP/USD), RBC Capital Markets Recommend Selling GBP/SEK  ECB Forum Starts on Tuesday The market is reflecting bullish signals for this currency pair. The US Dollar softens in the wake of concerns around a looming recession that comes in the wake of a slowing economy on rising interest rates. Despite these concerns the Federal Reserve bank has made it clear that their focus is on containing surging inflation. The Euro has held onto Monday gains, the European Central Bank (ECB) will get under way today. EUR/USD Price Chart ECB has a busy week for interest rate policy The market is reflecting bullish signals for this currency pair. It is looking likely that the European Central Bank (ECB) is due to start its interest rate hiking cycle with a 50 basis point hike. After Martins Kazaks announced that it was worth looking at a 50 basis point hike the Euro strengthened against both the pound sterling and the US Dollar. This trading week is a busy one for the ECB interest rate policy as central bankers descend on Sintra, Portugal for the ECBs annual central banking get-together. EUR/GBP Price Chart AUD/JPY currency pair The market is reflecting mixed signals for this currency pair. As China comes out of its lockdowns, thus, boosting market expectations of a recovery in the second largest economy in the world and Australia’s largest export market. The Australian Dollar has strengthened in the wake of the news. Due to equities holding onto recent gains and the Japanese Yen’s safe-haven status, the currency is underperforming. AUD/JPY Price Chart GBP/JPY currency pair The market is reflecting mixed signals for this currency pair. The GBP/JPY currency pair is drifting higher as we near to the month end. It is natural for the Japanese Yen to underperform during this time as equities are holding onto their gains due to its safe-haven status. GBP/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

Gold Prices Struggle To Hold Monday’s Gains, Concerns Around NGAS Supplies Are Easing, Cotton - A Recession Sensitive Commodity

Rebecca Duthie Rebecca Duthie 28.06.2022 13:18
Summary: UK, US, Japan and Canada all ban Russian gold imports. NGAS domestic inventories are rising. Favourable weather conditions are causing more hope of solid Cotton yields in top growing regions. Read next: G7 Leaders Discussed A Price Cap On Russian Brent Crude Oil, China Eases Covid-19 Restrictions, Corn Prices Are Trading At 2 Week Lows  Gold prices trading at 2 week lows The price of gold is trading at almost 2 week lows on Tuesday, this comes in the wake of continuous elevated US treasury yields. The metal struggled to hold onto Monday’s gains that came in the wake of the UK, US, Japan and Canada all officially banning the imports of Russian gold, the move has been viewed by the markets as largely symbolic as Russia’s exports to the west have already dried up. Although gold is widely considered as a hedge against inflation and economic uncertainties, higher interest rates raise the opportunity cost of holding non-yielding bullion. Gold Aug ‘22 Futures Price Chart NGAS price recovery Natural Gas prices rose again, however they remain under pressure due to rising domestic inventories and milder temperatures which weighed on the demand for cooling. In addition, the most recent EIA report showed that US utilities injected more cubic feet of gas into underground storage than was expected. NGAS Jul ‘22 Futures Price Chart Cotton prices due to be impacted by a recession Cotton futures prices dropped to 9 month lows in the wake of growing recessionary concerns and increased prospects of a lower demand. Cotton is known to be a recession sensitive commodity, thus, cotton prices are set to be impacted by major banks’ rising interest rates in an attempt to fight inflation and the slowdown in both consumption and economic activity. In addition, favourable weather conditions are causing more hope of solid yields in top growing regions. Cotton Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
FX Daily: Russia to cut rates further today | ING Economics

How Has Nike Stock Price Changed After Earnings!? - Q4 Earnings Report Shows Consumers Willingness To Spend On Athletic Wear

Rebecca Duthie Rebecca Duthie 28.06.2022 10:25
Summary: China’s effect on Nike’s supply chains. Take-aways from the earnings report. Three take-ways from Nike's fourth quarter earnings report Nikes share price is down 2% on Tuesday in the wake of their fourth quarter earnings report. The earnings of the athletic apparel brand has been negatively affected by the impact the Covid-19 lockdowns have had on supply chains and how Nike manages their inventories. In addition, concerns around a looming recession and soaring commodities prices are all contributing to consumer and investor risk-off sentiment, however, Nike's earnings have shown consumers willingness to spend on athletic wear. Nike’s full-year and fourth quarter earnings reported above analyst expectations, in addition, their digital sales grew by 15%, one of the driving factors being social media exposure. Nike has new apparel that is designed to reduce their carbon footprint, on the way. Nike also made it clear that China’s apprehensions will affect the annual financial outlook of Nike. Nike Price Chart Sources: finance.yahoo.com, bizjournals.com
Altcoins: The Sandbox (SAND), What Is It? - A Deeper Look Into The Sandbox Platform, A World For The Gaming Community

Altcoins: The Sandbox (SAND), What Is It? - A Deeper Look Into The Sandbox Platform, A World For The Gaming Community

Rebecca Duthie Rebecca Duthie 27.06.2022 19:05
Summary: What is The Sandbox Platform and how does it work? Advantages of The Sandbox exchange. The Sandbox’s past, present and future price positions. Read next: Altcoins: Klaytn (KLAY), What Is It? - A Deeper Look Into The Klaytn Platform’s Metaverse  The Sandbox Platform The Sandbox platform was launched by Pixowl in 2011. It is a block-chain based virtual world that allows users to create, buy, build and sell digital assets in the form of a game. The combination of decentralised autonomous organisations (DAO) and non-fungible tokens (NTFs) the Sandbox creates a decentralised platform for a gaming community that thrives. In accordance with the whitepaper, the Sandbox platform’s main mission is to successfully introduce blockchain technology into mainstream gaming. The platform's focus is on facilitating a “play-to-earn” model creatively, which allows users to be both gamers and creators simultaneously. The power of blockchain technology for the Sandbox came with the introduction of the SAND utility token, which facilitates the platform's transactions. There are a maximum number of 3 billion SAND tokens, 1.26 billion of these are currently in circulation. The current market capitalisation is more than $1.485 billion. The Sandbox platform was built on top of the Ethereum blockchain and it is secured with the proof-of-stake consensus algorithm, the SAND token is a standard ERC-20 token, this means owners can stake it and benefit from its staking rewards. Sandbox’s Uniqueness The Sandbox is unique due to the fact that it introduces blockchain technology to the gaming world. The gaming industry is largely untapped when it comes to blockchain technology adoption. Pixowl took advantage of this and they created a universe whereby gamers can collect and create blockchain-based assets, the Sandbox aims to revolutionise this market and make a niche for itself in the global gaming market. The Sandbox creates a metaverse of involved players who contribute to the platform's further development through focusing on user-generated content. In addition, by creating their SAND token, they decentralised their governance and allowed users to share their ideas and views about the project's development. The Sandbox is made up of 3 products: VoxEdit, which allows users to animate and create 3D objects in the metaverse such as tools, people, animals and more. These objects are referred to as ASSETS and use the ERC-1155 token standard, this allows for both Non-fungible and fungible tokens to be minted with a single smart contract. The Sandbox marketplace, a place where users can sell and publish their assets after first uploading them to the InterPlanetary File System (IPFS). The Sandbox Game Maker allows users to create 3D games for free. Advantages of the SAND network The Sandbox idea is original, and goes far beyond the mere decentralisation of gaming on the blockchain. It revolutionises the idea of building a complete and total gaming universe on the Ethereum blockchain. The Sandbox tokens are far beyond being just assets. The Sandbox’s decentralised protocol makes it simple for its users to sell, buy and trade different products and services within the Sandbox metaverse. Sandbox has put the NFTs to good use within its platform. The NFTs used on the Sandbox platform turn each virtual world object and land plot into a unique property that becomes an income generator for its owner. Thes NFTs mentioned above mixed with the decentralised protocol present in The Sandbox ensures the safe and secure ownership of the assets in the universe. All users can engage in governance. The Sandbox regularly uses the AMA (Ask Me Anything) format for the education of the platform's community. Past, present and future prices of The Sandbox network (SAND) During the last quarter of 2020 and the first month of 2021, the price of the Sandbox’s SAND token began to rise, hitting its first spike in March of 2021, the price reached $0.83 this first spike was then followed by a small decline. After its first peak in 2021 the price began to climb at a staggered rate, reaching its second peak during November of 2021, the price reached as high as $6.7.The second peak was followed by a staggered, but steady decline. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, SAND does fall under this category. According to some analysts, the future price of The Sandbox networks (SAND) could reach up to $5 by 2026 and could see a price of more than $10 by 2032. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. SAND Price Chart Sources: coinmarketcap.com, finance.yahoo.com, leofinance.io, gemini.com, coinpriceforecast.com
USD Outlook: Fed's Push for Higher Rates and Powell's Speech at Jackson Hole Symposium

What To Look Out For In The Markets Today - This Weeks Highlighted Economic Calendar Events

Rebecca Duthie Rebecca Duthie 27.06.2022 14:13
Summary: Various Central Bank representative speakers are due. GDP data due to be released on Monday. This week is busy for the market in terms of news and release of data This week is a very busy day for the global markets as many calendar events are due including; European Central Bank (ECB) President Christine Lagarde, Bank of Englands (BOE) Gov Bailey and Federal Reserve Chairperson Jermone Powell all due to speak. The markets will watch these speakers and look for any clues regarding the future of monetary policy, interest rates and recession concerns. In addition to central bank announcements, there are many economic data releases due today that the markets will be watching closely as they will give an indication of the current economic situation, if it has worsened or improved. These economic data released include: US Pending Home Sales (MoM) for May, US Core Durable Goods Orders (MoM) for May, CB Consumer Confidence for June, Australian Retail Sales Data, US Crude Oil Inventories, China’s June Manufacturing PMI, German Unemployment Change for June, US Initial Jobless Claims, Some of the more prominent 3 star events include US GDP (QoQ) data for Q1, UK GDP (QoQ) data for Q1, UK GDP (YoY) data for Q1, Canadian GDP (MoM) data for April. Sources: investing.com
The Upside Of The EUR/USD Pair Remains Limited

EUR/USD Currency Pair Bullish, KPMG Cuts Growth Forecast For Pound Sterling (EUR/GBP, GBP/USD), RBC Capital Markets Recommend Selling GBP/SEK

Rebecca Duthie Rebecca Duthie 27.06.2022 13:38
Summary: RBC are so confident in this they recommended selling the GBP/SEK currency pair. Euro’s concerns lie in the rising energy prices and possible supply chain disruptions. KPMG cut UK economic growth forecasts for 2022 and 2023. Recession concerns are weighing on the US dollar. Read next: Concerns Of A Global Recession Continue To Weigh On Markets - Take A Look At The EUR/USD, EUR/GBP, GBP/AUD And EUR/JPY Currency Pairs  EUR and USD facing economic concerns The market is reflecting bullish signals for this currency pair. Federal Reserve Chairman, Jerome Powell reiterated in congress that it will be tough for the Fed to bring inflation down without harming the economy or disrupting the labour market, this began a downward revision to market expectations for US interest rates. The biggest concern for the Euro lies in the economic hit in the wake of rising energy prices and possible supply disruptions. Hence, the European Central Bank (ECB) views this as a medium-term source of disinflation, which is yet another reason to take a slower, more cautious approach to normalising monetary policy that has been priced in over the past months. EUR/USD Price Chart EUR/GBP currency pair The market is reflecting bullish signals for this currency pair. KPMG cut UK economic growth forecasts for 2022 and 2023, the cut comes from the expectation of a “mild” recession in the UK economy in 2023, in the wake of surging commodity prices and China's Covid outbreak. News of the downgrade in expectations is driving the Euro to strengthen against the pound sterling. EUR/GBP Price Chart Strong Sell recommendations for the GBP/SEK RBC Capital Markets’ foreign exchange strategists are warning that the pound is likely to suffer losses in the near-term against the Swedish Krona. They are so confident in this they recommended selling the GBP/SEK currency pair. The GBP is expected to take a hit at the end of the Month due to the release of important economic data. GBP/SEK Price Chart US recession concerns weighing on the US Dollar The market is reflecting bullish signals for this currency pair. During last week's trading week, the narrative changed from inflation concerns to recession concerns which are weighing on the US Dollar via lower treasury yields. The UK PM Borris Johnson is looking to hold onto his PM status and run for a 3rd term. GBP/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

G7 Leaders Discussed A Price Cap On Russian Brent Crude Oil, China Eases Covid-19 Restrictions, Corn Prices Are Trading At 2 Week Lows

Rebecca Duthie Rebecca Duthie 27.06.2022 12:50
Summary: G7 leaders discussed a price cap on Russian oil. Fears of a recession eased in the wake of China’s easing of lockdown restrictions and testing measures. Recession prospects weighing on demand for corn. Read next: Rising Interest Rates Are Inhibiting The Demand For Gold And Silver, Concerns Around A Recession Are Driving Brent Crude Oil Prices Down  Prospects of tighter supply of Brent Crude oil weighed on markets Brent Crude prices are sitting at around $113 on Monday as recession fears put downward pressure on Brent prices. In addition, traders are monitoring any news from the G7 summit which is taking place in Germany ahead of talks between the US and Iran to revive the nuclear deal made in 2015. G7 leaders discussed a price cap on Russian oil, which will work through the imposition of restrictions on both shipping and insurance and allowing only the transportation of Russian crude and petroleum products that are sold below an agreed threshold. However, the thought of even more supply tightness weighed on the market, with the G7 leaders still determined to find ways to cut Russia's war against Ukraine Funding. Brent Crude Oil Price Chart Silver prices bounce back Silver prices bounced back somewhat on Monday as fears of a recession eased in the wake of China’s easing of lockdown restrictions and testing measures. However, silver prices remain under threat from further monetary policy tightening, with both the Federal Reserve and the European Central Bank (ECB) expected to raise interest rates further. Silver Jul ‘22 Futures Prices Corn Prices at 2 week lows Corn is trading at 2 week lows on Monday, as favourable weather and weaker demand prospects weighed on prices, temporarily turning the attention away from war disruptions at Black Sea Ports. Fears of demand come from recession prospects. Corn Dec ‘22 Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
5 Cryptocurrencies That You Probably Forgot About - Aqru (APY), Terra (USDT), Polkadot (DOT), Tron (TRX), Monero (XMR)

5 Cryptocurrencies That You Probably Forgot About - Aqru (APY), Terra (USDT), Polkadot (DOT), Tron (TRX), Monero (XMR)

Rebecca Duthie Rebecca Duthie 24.06.2022 14:10
Summary: A summary of APY, USDT, DOT, TRX, XMR Listed equities, stablecoins, dApps Proof of work, proof of stake, proof-of-history. Aqru Trading Platform Aqru cryptocurrency is one of the only listed equities primarily offering exposure to the DeFi sector. Aqru currently offers a yield on certain cryptos such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC) and Dai (DAI). In order to ensure security for its users whilst they earn interest, Aqru makes use of encryption in transit, encryption at rest and address whitelisting. Users are able to protect their assets with their bank level security and deposit protection insurance, this happens because Aqru makes use of a multi-layered insurance policy, this protects the value of users assets from hacking. In addition Aqru uses the latest Multi-stig technology from Fireblocks (a leading wallet provider) to keep users' assets safe. To give their users peace-of-mind, Aqru generates yield from leading providers that have robust audit histories and those that have significant assets under management. In addition, yield opportunities are monitored by the experienced risk management committee to ensure Aqru stays ahead of all market trends. Read more: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform  Terra USDT Platform Terra is a public blockchain protocol that deploys a suite of algorithmic decentralised stablecoins which underpin a thriving ecosystem which brings decentralised finance to a large number of users. Terra assets are supported by leading blockchains.The protocol uses a combination of open market arbitrage, incentives and decentralised oracle voting. With this combination, Terra makes stablecoins that track the price of any fiat currency. Terras protocol is scalable, which is designed to maintain Terras price stability regardless of volatility, demand or market size. Terras protocol incentivises validators and delegators with staking rewards, in the form of gas and swap fees Terras coin uses a proof-of-stake model, which means validators verify transactions based on the number of coins they hold. Proof-of-stake models are less energy intensive than some competing models. Read more: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol  Polkadot (DOT) Platform Polkadot is an open-source protocol built for everyone, it is founded by the Web3 foundation. The Web3 foundation has commissioned 5 teams and over 100 developers to build Polkadot. The aim of Polkadot is to enable a completely decentralised web whereby the users are incontrol. The protocol is built to connect private and consortium chains, oracles, public and permissionless networks and future technologies that are yet to be created. Polkadot features include: true interoperability, economic and transactional scalability, easy blockchain innovation, security, user-driven governance. Security is ensured through the use of proof-of-stake consensus algorithms. Polkadot’s purposes: governance, staking and bonding. Read more: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol  TRON (TRX) platform TRON is a decentralised, open-sourced blockchain-based operating system which has smart contract functionality and a delegated proof-of-stake principle as its consensus algorithm. TRX TRON cryptocurrency platform uses a transaction model that is similar to Bitcoin. Transactions take place in a public ledger, where users are able to track the operations history. The TRON platform was created to decentralise the internet and serves as a tool for developers to create decentralised applications (dApps), this acts as an Ethereum alternative. The creation of decentralised applications and creating content on the TRON network is available to anybody. This delegated proof-of-stake is an alternative to the proof-of-stake (PoS) and proof-of-work (PoW) consensus algorithms. The delegated proof-of-stake system is a competitive advantage for the TRON network as it makes it much more energy efficient. JustLend is TRONs first official lending platform, the lending platform interest rates of its fund pools are determined by an algorithm based on TRONs asset supply and demand. JustLend aims to build a decentralised lending protocol and hopefully become TRONs first official algorithm-powered decentralised bank. Read more: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network  Monero (XMR) platform Monero is a privacy-orientated and open-source cryptocurrency. Its blockchain is not transparent, this makes every transaction untraceable and maintains the users’ anonymity. Its privacy makes Monero an attractive tool to use for illicit activities on the dark web. Investors are able to mine Monero using their own CPUs, which means paying for special hardware is not necessary. Moneros mining concept is based on the belief that every person using the platform is equal and therefore, deserves equal opportunities. Because there is no transparency in Monero and its untraceability, it is a true fungible currency. Fungible in this context refers t o the property of a currency where two units can be substituted in place of one another. Those who accept Monero transactions do not need to be concerned over tainted or blacklisted coins. Read more: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!?  Sources: fxmag.com
Sustainability-Linked Products: Navigating Growth and Challenges for the Future

Concerns Of A Global Recession Continue To Weigh On Markets - Take A Look At The EUR/USD, EUR/GBP, GBP/AUD And EUR/JPY Currency Pairs

Rebecca Duthie Rebecca Duthie 24.06.2022 13:32
Summary: ECB expected to increase rates at a faster pace. CBA thinks the AUD is at risk of trading at its lowest levels against the GBP since the start of the pandemic.\\ Read next: Data Showed A Slowing Eurozone Economy (EUR/USD, EUR/CHF), UK PMI Data Came In Stronger Than Expected (EUR/GBP), NZD Was The Top Performing Currency On Thursday (GBP/NZD)  EUR/USD currency pair The market is reflecting bullish signals for this currency pair. At this point, the market expects to see a continuing hawkish Federal Reserve, pushing both interest rates and long-term rates up even further, thus, the USD is likely to remain strong for most of the remainder of 2022. The European Central Bank (ECB) is expected to raise interest rates further and at a faster pace, the ECB has already communicated hikes in both July and September, as it tries to contain the Eurozone inflation narrative. As concerns around a global recession tighten, the aggressive 75 basis point rate hike made by the Fed has caused investors to be more cautious across the board. EUR/USD Price Chart Eurozone and UK economy slowing. The market is reflecting bearish signals for this currency pair. UK retail sales declined in May as consumers felt the pain of rising prices which in turn did not allow the pound sterling a boost heading into the weekend. In addition the retail data from the UK came after the data revealved by France and Germany also missed market expectations. The markets are expecting economic slowdown in both the UK and Eurozone economies. EUR/GBP Price Chart CBA outlook on AUD According to the Commonwealth Bank of Australia (CBA), the Australian Dollar is at risk of trading at its lowest levels against the British pound since the start of the Covid-19 pandemic. The CBA sees the AUD as being amongst the most vulnerable currencies to the recent souring of the global economic outlook. GBP/AUD Price Chart EUR/JPY The market is reflecting mixed signals for this currency pair. As the Japanese Yen (JPY) continues to weaken in the wake of a dovish Bank of Japan (BoJ), the Euro is also experiencing troubles in the wake of disappointing economic data released from France and Germany, which indicates a slowing of the Eurozone economy. EUR/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Gold Has A Chance For The Rejection Of The Support

Rising Interest Rates Are Inhibiting The Demand For Gold And Silver, Concerns Around A Recession Are Driving Brent Crude Oil Prices Down

Rebecca Duthie Rebecca Duthie 24.06.2022 12:25
Summary: Aggressive central banks inhibiting metal demand. Fears of a slowing economy are sending brent crude oil into its second consecutive week of declines. Read next: Demand Is Decreasing For Platinum, RBOB Gasoline, Supply Concerns Around Wheat Are Easing  Demand for gold declining as interest rates rise Gold futures declined on Friday and were set to decline for their second consecutive week in the wake of stronger expectations that major central banks will continue to raise interest rates aggressively in an attempt to control inflation, which subdued the demand for metals. The Chairman of the Federal Reserve, Jerome Powell reiterates that his commitment to fighting 40-year high inflation is ‘unconditional.’ Gold is usually viewed as a hedge against inflation and as a safe-haven asset during times of economic crisis, however as interest rates rise, so too does the opportunity cost of holding gold. Gold Aug ‘22 Futures Price Chart Brent Crude Oil facing second consecutive week of declines Brent Crude is on track to decline for the second straight week on Friday in the wake of concerns around aggressive monetary policy tightening and the effects it will have on the global economy and the demand for oil. US manufacturing and services PMIs released on Thursday came in well below expectations which increased fears of a slowing US economy. In addition, investors are remaining cautious amidst signs that global crude oil and fuel supply remains tight. Brent Crude Oil Futures Price Chart Silver prices on the decling As the Federal Reserve and other major central banks continue to rise interest rates in an attempt to tackle rising inflation and risking a global recession, the price of silver is falling. Silver is usually viewed as a hedge against inflation and as a safe-haven asset during times of economic crisis, however as interest rates rise, so too does the opportunity cost of holding silver. Silver Jul ‘22 Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Altcoins: Klaytn (KLAY), What Is It? - A Deeper Look Into The Klaytn Platform’s Metaverse

Altcoins: Klaytn (KLAY), What Is It? - A Deeper Look Into The Klaytn Platform’s Metaverse

Rebecca Duthie Rebecca Duthie 23.06.2022 16:46
Summary: What is the Klaytn Platform and how does it work? Advantages of the Klaytn exchange. Klaytn’s past, present and future price positions. Read next: Altcoins: Celsius Network (CEL), What Is It ? - A Deeper Look Into The Celsius Network Platform  The Klaytn Network Klaytn is an open-source public blockchain for all who wish to play, build or in the metaverse. The Klaytn platform is a public blockchain that is focused on gamefi, the metaverse and the creator economy. The platform was launched in June 2019, it is South Korea's most dominant blockchain and is currently in the process of undergoing a global business expansion from its international base in Singapore. The expansion of the network is funded by the Klaytn growth fund, which has plans for the ecosystem built on Klaytn. The fund is managed and disbursed by the Klaytn foundation, a Singapore based non-profit organisation that was established in August 2021. The Klaytn Foundation offers partnerships to artists, enterprises or studios. Klaytns native token is KLAY, there is a maximum supply of 10.782 billion tokens, 2.88 billion of those are currently in circulation. The current market capitalisation is more than $706 million. Factors that make Klaytn Unique In an attempt to simplify building for the metaverse, Klaytn offers an end-to-end metaverse package which includes customised L2 solutions, smart contract libraries and SDKs, IPFs solutions, chain explorers, wallets, bridges and oracles, ecosystem of supporting services such as stablecoin integration, tradfi interfaces, NFT marketplaces, and more. 1-second deterministic finality: Klaytn makes use of an optimised version of Istanbul BFT, which allows transactions to achieve absolute finality within a second, this allows for a responsive user experience and enables use cases where near-instant and irreversible finality is possible - for example, real time minting of in-game item drops. Klaytn’s data guarantee: probabilistic finality is exhibited through the use of both proof-of-work (PoW) and proof-of-stake (PoS) blockchains, this means that there is a slight chance that a transaction that is recorded on the chain could be reversed. Thus, making blockchains such as these are unsuitable for mission-critical applications, especially if used at scale. Klaytns IBFT consensus algorithm guarantees that any data that is recorded on the blockchain is correct and will never be reversed, in order to deliver the data consistency and reliability that is needed for large-scale applications. Support for Ethereum equivalence: Klaytn supports EVM as one of the emerging standards for the metaverse and Web3, and will be adopting the EVM specification by: ‘ Making Klaytn’s technical stack equivalent to the Ethereum stack from an interfacing and execution perspective, Building on top of existing Ethereum clients and interfacing libraries to inherit any improvements made to their open-source codebases, Enabling Ethereum Improvement Proposals (EIPs) and Klaytn Improvement Proposals (KIPs) to contribute to both ecosystems.’ Unique governance structure: at the centre of Klaytn’s unique view on decentralisation is their governance council (GC) which comprises leading global enterprises and DAOs across both geographies and industries. The members of the GC come together to form a tight validator network that is able to deliver the benefits of a decentralised blockchain whilst simultaneously maintaining the performance of a permissioned blockchain. Built-in scalability via service chains, $1 billion protocol-level ecosystem fund, the preferred enterprise level blockchain. Past, present and future prices of Klaytn network (KLAY) After the launch of the Klaytn network platform, the price of KLAY took around 6 years to rise after its launch in 2019, the first spike in price that occurred during the third quarter of 2020, and saw the price reach almost $0.85, and was followed by a small decline. After its first peak in 2020 the price remained fairly stable and then spiked again during the second quarter of 2021 reaching its all time high of $3.75 in April. Thereafter, the price has been consistently falling and experiencing volatility. The price of KLAY has remained on a downward trend, this is due to the volatility of the current economic conditions. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, KLAY does fall under this category. According to some analysts, the future price of Klaytn network (KLAY) could reach up to $0.8 by 2026 and could see a price of more than $1.94 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. KLAY Price Chart Sources: finance.yahoo.com, klaytn.foundation, coinmarketcap.com, cryptopolitan.com
Credit Suisse case: Western Assets expects Swiss authorities to act if sentiment doesn't improve

Data Showed A Slowing Eurozone Economy (EUR/USD, EUR/CHF), UK PMI Data Came In Stronger Than Expected (EUR/GBP), NZD Was The Top Performing Currency On Thursday (GBP/NZD)

Rebecca Duthie Rebecca Duthie 23.06.2022 15:44
Summary: Eurozone data showed a slowing European economy for June. Pound sterling offered support from strong UK PMI data. NZD was Thursday's top performing currency. Read next: Fears Of Recession Loom (EUR/USD), UK CPI Inflation Data 9.1% For May (EUR/GBP), Surprisingly Strong Canadian Inflation Data (USD/CAD), EUR/JPY  Euro weakened in the wake of slowing economy data The market is reflecting mixed signals for this currency pair. The Euro fell sharply on Thursday in the wake of data that showed that the Eurozone economy had slowed during June and undermined the expectations for a series of rapid interest rate hikes from the European Central Bank (ECB) that are due to start in July. The fall in the Euro helped reinforce a bid for the US Dollar against all major pairs as investors continue to bet on a global economic slowdown. ` EUR/USD Price Chart UK PMI data beat market expectations The market is reflecting mixed market sentiment for this currency pair. The UK economy continued to grow during June as UK PMI data came in stronger than the market expected. At the same time UK wage pressures remained strong at firms that were increasingly willing to pass on price increases to customers, which is likely to continue to place pressure on the Bank of England (BoE) to raise interest rates. EUR/GBP Price Chart GBP/NZD upside risk The New Zealand Dollar was one of the top performing major currencies on Thursday when the NZD/USD pair seemed to be drawing dip-buyers from the market. The Pound to NZD has been contained over the past month, but with the NZD/USD pair testing major support levels, it is possible that the breakout risk for the GBP/NZD is on the upside. GBP/NZD Price Chart EUR/CHF The market is reflecting bearish signals for this currency pair. As the Swiss Franc continues to strengthen in the wake of the Swiss National Banks (SNB) interest rate hike, the Euro is weakening due to unfavourable economic data. EUR/CHF Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Commodities Update: Strong Russian Oil Flows to China and Volatility in European Gas Market

Demand Is Decreasing For Platinum, RBOB Gasoline, Supply Concerns Around Wheat Are Easing

Rebecca Duthie Rebecca Duthie 23.06.2022 15:20
Summary: India may reintroduce wheat exports. Fresh lockdowns in China are weighing on metal demand Wheat prices drop as supply concerns ease Chicago wheat futures prices have been falling over the past week in the wake of news of an improved outlook as Russia produced a record-high amount of wheat. A higher supply from the world's top exporter eased shortage concerns amidst the European and North American harvesting season. In addition, India's food ministry said it may reintroduce wheat exports to Indonesia, however that is dependent on availability.   Wheat Sep ‘22 Futures Price Chart Platinum prices are declining with demand Platinum futures are down almost 20% from their 8-month high hit in March, as a stronger US Dollar and an aggressive Federal Reserve weakened the demand for Metals which in turn has weighed on Metal prices. In addition, vehicle production is expected to drop in the wake of aggressive monetary policy tightening and increased fears of slowing economic growth. Also, the lockdowns in China are weighing on the demand from the top consumer. Platinum Jul ‘22 Futures Price Chart RBOB Gasoline The price of gasoline has experienced volatility over the past week as concerns around supply continue to drive the price up whilst talks of President Joe Biden introducing a gas tax holiday are driving the prices down. RBOB Gasoline Jul ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
FTSE 100 Closes 0.77% Down, Prospects Of A More Aggressive BoC Offering Canadian Dollar Support

FTSE 100 Closes 0.77% Down, Prospects Of A More Aggressive BoC Offering Canadian Dollar Support

Rebecca Duthie Rebecca Duthie 22.06.2022 18:37
Summary:Canadian Dollar offered support over prospects of a more aggressive BoC.Berkeley (BKG.L)FTSE closes 0.7% downAs expectations of a global recession strengthen so too does investor risk-off sentiment. On Wednesday the share price of Berkely (BKG.L) despite posting a profits boost from housing demand and a higher forecast for the coming months. Hence, this has likely to have contributed to the falling FTSE 100 index as Berkely is listed on this index. FTSE 100 Price ChartCanadian Dollar RalliesIn the wake of favourable Canadian Inflation data, investor sentiment for the Bank of Canada turning more aggressive toward monetary policy decisions will likely strengthen, which could support the Canadian Dollar. According to Statistics Canada, during May, Canadian consumer inflation rose 7.7% year-on-year, this marks the largest yearly increase since January 1983, and up from a 6.8% rise in April. The rise in inflation excluding gasoline, showed the CPI rose 6.3% year over year in May, after a 5.8% increase in April, highlighting the broad-based nature of the inflationary jump.Sources: finance.yahoo.com, poundsterlinglive.com
Altcoins: Celsius Network (CEL), What Is It ? - A Deeper Look Into The Celsius Network Platform

Altcoins: Celsius Network (CEL), What Is It ? - A Deeper Look Into The Celsius Network Platform

Rebecca Duthie Rebecca Duthie 22.06.2022 17:24
Summary: What is the Celsius Network Platform and how does it work? Advantages of the Celsius Network exchange. Celsius Network’s past, present and future price positions. Read next: Altcoins: Dai (DAI), What Is It? - A Deeper Look Into The Dai Platform And It’s Stable Nature Despite Current Market Conditions  Celsius Network Platform The Celsius platform is an all-in-one banking and financial services platform for cryptocurrency users, it was launched in 2018, it offers users rewards for depositing cryptocurrencies along with services such as loans and wallet-style payments. Platform users receive interest payments on their holdings and regular payouts. CEL, Celsius’ native token performs a mixture of internal functions including boosting their user payouts if CEL is used as the payment currency. The Celsius Network platform aims at financial freedom without a price tag, where ethical behaviour is the baseline thing and the peoples interest is the main priority. The Celsius Network Platform encourages a financial place where everyone can succeed financially. The platform integrates a bunch of services that have been abandoned by big banks, for example, zero-fees, fair yield and extremely fast transactions. The main goal of Celsius network is to disrupt the financial industry, one user at a time and to introduce financial freedom through crypto. During the first quarter of 2018, Celsius had their first successful initial coin offering for CEL. There is a maximum supply of more than 695 million CEL, almost 239 million of those are currently in circulation. The current CEL market capitalization is more than $240 million. Celsius plans to outperform the current financial services industry by offering its users benefits that banks no longer offer, such as higher returns on deposits and savings, easier and fairer (easily obtainable) loan requirements and rewards that are automated algorithmically for each user. The platform waives penalties and bank-style fees. The Celsius platform also has a Celpay feature which functions as a wallet for users and hosts its own CEL token, which users are able to leverage to increase, amongst other things, payout value. Celsius is also a for-profit company, they take out a cut of profit margins on interest payments, still returning 80% to users themselves. The company also lends to institutional investors, such as hedge funds. Payments are ensured because loans are backed by assets, any borrower must supply more than 100% of what they borrow in the destination currency. Celsius uses a proof-of-stake (PoS) consensus algorithm for its CEL token. Advantages of the Celsius platform Robust DeFi services. Perks involved when users use its native CEL token. Celsius Network employs an easy-to-use funds transfer system called CelPay. Celsius Network ensures they have $30 million in insurance for assets that are stored in the Celsius wallet app. Residents from around 150 countries are able to trade on the Celsius network platform via desktop, Android or IOS apps. There are no fees charged for transfers, minimum balances or loan origination. Past, present and future prices of Celsius Network (CEL) After the launch of the Celsius network platform, the price of CEL took around 1.5 years to rise after its launch in 2018, the first spike in price that occurred during the first quarter of 2021, and saw the price reach almost $6, and was followed by a small decline. After its first peak in 2021 the price fell and then spiked again in the same year reaching its all time high of $7.76 in June, and continued to experience volatility until the third quarter of 2021. Thereafter the price of CEL has remained on a downward trend, this is due to the volatility of the current economic conditions. The value of CEL has been falling due to the current market conditions and risk-off sentiment. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, CEL does fall under this category. According to some analysts the future price of Celsius network (CEL) could reach up to $4.1 by 2024 and could see a price of more than $6 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. CEL Price Chart Sources: Finance.yahoo.com, coinmarketcap.com, celsius.network, fool.com, cryptonewsz.com
The Loonie Pair (USD/CAD) Takes Clues From The Downbeat Oil Prices

Fears Of Recession Loom (EUR/USD), UK CPI Inflation Data 9.1% For May (EUR/GBP), Surprisingly Strong Canadian Inflation Data (USD/CAD), EUR/JPY

Rebecca Duthie Rebecca Duthie 22.06.2022 16:27
Summary: UK CPI inflation data came in at 9.1% for May. BoJ remaining dovish. Fears of a recession loom. Read next: ECB’s Christine Lagarde Eased Fears (EUR/USD, EUR/CHF), Expectations Of A More Hawkish BoE Strengthen (EUR/GBP, GBP/USD)  ECB could benefit from QEQT combination The market is reflecting bullish signals for this currency pair. The Euro currency could benefit if the European Central Bank (ECB) uses the European continent's fragmented economic landscape to its advantage by combining both quantitative easing (QE) and quantitative tightening (QT) to normalise monetary policy by minimising upset. The Euro has been recovering against the US Dollar this week. Concerns over a recession in the US have grown as the Fed continue on their hawkish path of fighting inflation. EUR/USD Price Chart UK CPI inflation data met market expectations The market is reflecting bearish signals for this currency pair. The pound sterling weakened against the Euro in the direct wake of the release of UK inflation data which mostly came in as expected, however, some parts of the report came in softer than was expected and could prove supportive of the British pound currency. UK CPI inflation data came in year-on-year in May at 9.1% which beat April's 9.0% and was in-line with the market expectations. EUR/GBP Price Chart USD/CAD The market is slowing mixed market signals for this currency pair. Canadian inflation data came in surprisingly strong for the month of May, which could likely drive investor expectations of a more hawkish Bank of Canada (BoC) interest rate hiking policies going forward, thus likely supporting the Canadian Dollar. USD/CAD Price Chart BoJ Continues to opt out of monetary policy tightening The market is reflecting bullish signals for this currency pair. As the Bank of Japan (BoJ) continues their monetary easing and chooses to stay away from tightening monetary policy, the Euro and other currencies seem to be gaining on the safe-haven asset. EUR/JPY Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Supply Concerns Are Driving Coffee Prices Upwards, Palladium Demand Eroded By Hawkish Fed And Rallying USD, Hopes Of Gas Tax Holiday Strengthen

Supply Concerns Are Driving Coffee Prices Upwards, Palladium Demand Eroded By Hawkish Fed And Rallying USD, Hopes Of Gas Tax Holiday Strengthen

Rebecca Duthie Rebecca Duthie 22.06.2022 13:07
Summary: Palladium Prices at 6 month lows. WTI Crude Prices falling. Brazil lagging their historical harvesting average. Read next: NGAS Futures Closed At Two Month Lows, Cotton Prices Falling, Global Wave Of Monetary Policy Tightening Puts Gold Prices under Pressure  WTI crude oil prices falling with demand expectations WTI crude oil futures fell almost 6% on Wednesday, hitting their lowest levels in almost a month amidst concerns that rising US interest rates that are aimed at controlling inflation levels could likely cause a recession and therefore a slowdown in demand. In addition, there are expectations that President Joe Biden will call for a gas tax holiday in an attempt to drive fuel prices down. However, there are still concerns around supply, with the Russian oil embargo due to the war in the Ukraine and OPEC unable to pump more oil due to underinvestment. WTI Crude Aug ‘22 Futures Price Chart Coffee futures prices rising due to supply concerns Coffee prices were trading at their highest price since June 9th on Wednesday due to continuing concerns around tight supplies. The coffee prices remain supported by limited flows from Central America and Brazil, with Brazil (the top grower) behind its historical harvest average. In addition, one of Brazil’s largest growing areas is expected to see a drought. Coffee Sep ‘22 Futures Price Chart Palladium prices at 6 month lows Palladium is trading at its lowest price in 6 months on Wednesday, this price drop comes in the wake of the hawkish Fed’s 75 basis point interest rate hike and a sharp rally in the US Dollar both of which have kicked the demand for the metal. In addition, there are concerns around the demand for the metal from the top consumer, China as Covid-19 lockdowns are re-imposed. Palladium Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Tesla Sued For Violating Labor Laws During ‘Mass Layoffs’

Tesla Sued For Violating Labor Laws During ‘Mass Layoffs’

Rebecca Duthie Rebecca Duthie 21.06.2022 20:28
Summary:Tesla employees claiming the EV giant violated labor laws.Tesla EV giant suedFormer employees of the electric vehicle giant, Tesla Inc are suing the company for not providing employees with enough notice before their mass lay-off. The lawsuit was filed on Sunday in Texas by two workers who said they were terminated from Tesla’s gigafactory plans in Nevada during June. According to the lawsuit, more than 500 employees were terminated from the same factory.Earlier in June Tesla’s CEO and richest man in the world, Elon Musk said he has a ‘super bad feeling’ about the economy and that it was necessary for Tesla to cut staff by about 10%. The employees who were laid off are claiming they were not given enough notice and that the company had violated labor laws. However, Tesla's share price remained unchanged in the wake of this news. TSLA Price Chart Sources: finance.yahoo.com
Altcoins: Dai (DAI), What Is It? - A Deeper Look Into The Dai Platform And It’s Stable Nature Despite Current Market Conditions

Altcoins: Dai (DAI), What Is It? - A Deeper Look Into The Dai Platform And It’s Stable Nature Despite Current Market Conditions

Rebecca Duthie Rebecca Duthie 21.06.2022 18:08
Summary: What is the Dai Platform and how does it work? Advantages of the Dai exchange. Dai’s past, present and future price positions. Stablecoins Read next: Altcoins: Decred (DCR) - A Deeper Look Into The Decred Platform  The Dai (DAI) platform Dai is a stablecoin that is based on the Ethereum (ETC) blockchain, whose development and issuance is managed by the makerDAO decentralised autonomous organisation and the maker protocol. DAI’s price is soft-pegged to the US Dollar and is collateralised by a mixture of different cryptocurrencies all of which are deposited into smart-contract vaults everytime that new DAI are minted. DAI’s are differentiated into two categories, the first being Multi-collateral DAI and single-Collateral DAI (SAI), SAI is the earlier version of DAI that was only able to be collateralised by a single cryptocurrency. In addition, SAI does not support the DAI savings rate, which is the means by which DAI holders are able to earn savings through their DAI holdings. DAI is unique mainly due to the fact that it is soft-pegged to the US Dollar. The crypto market is well known for its volatility, with even the largest, highly-liquid coins, such as Bitcoin (BTC) sometimes experiencing price changes up and down within one day. Due to the volatility, investors normally add safe-haven assets to their portfolio, whose stable price may offset market risk. One of these safe-haven assets is DAI. A stable crypto asset is one whose value is pegged to assets with relatively stable value. DAI is also managed by a decentralised autonomous via a software protocol. Therefore, all issuance and burning of tokens are managed and publicly recorded by Ethereum-powered self-enforcing smart-contracts, which makes the entire system more transparent and less prone to corruption. The current market capitalisation of DAI is more than $6.75 billion. There is a maximum supply of 6.751 billion DAI with 6.75 billion currently in circulation. Advantages of holding DAI Passive income: thanks to DAI’s unique interest-generating program, DAI Savings Rate (DSR), users are able to put idle DAI tokens to work by producing a variable interest income through a lockup period. In addition to DSR, users are also able to earn a passive income through depositing their DAI tokens directly into a MakerDAO smart-contract. The smart-contract is programmed to automatically add interest to the account. Decentralised freedom: DAI users benefit through having unrestricted access to their funds, thanks to the decentralised nature of DAI. Thanks to its permissionless and transparent system, there are no credit checks, intermediaries or approvals needed to use the DAI platform. Very secure: DAI’s platform does routine audits, DAI’s integrated wallet, two-factor authentication and other security measures all boost the security of the DAI platform. In addition the MakerDAO developers verify all smart-contracts on the blockchain to ensure both network viability and liquidity. DAI also runs on the Ethereum blockchain, which aids in keeping DAI secure. Price Stability: due to its peg to the US Dollar, the price of DAI has remained stable. Past, present and future prices of DAI (DAI) After the launch of the DAI network, the price of DAI took a while to rise after being launched, the first spike in price that occurred during the first quarter of 2020, and saw the price go above $1.85, and was followed by a sharp decline. After its first peak in 2020 the price fell and then spiked again in the same year, and continued to experience volatility until the end of 2020. Thereafter the price of DAI has remained relatively stable, this is due to its peg to the US Dollar. The value of DAI has remained stable despite the current market conditions and risk-off sentiment. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, DAI does not fall under this category. According to some analysts the future price of DAI (DAI) could reach up to $1.26 by 2024 and could see a price of more than $1.27 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. DAI Price Chart Sources: coinmarketcap.com, fool.com, cryptoperdictions.com
FXStreet’s Dhwani Mehta Opinion About Gold Movements

NGAS Futures Closed At Two Month Lows, Cotton Prices Falling, Global Wave Of Monetary Policy Tightening Puts Gold Prices under Pressure

Rebecca Duthie Rebecca Duthie 21.06.2022 15:46
Summary: Natural gas futures prices are dropping. As the dollar strengthens and global monetary policy tightening continues, the price of gold remains under pressure. Cotton demand expected to decrease as supplies are set to increase. Read next: Brent Crude Oil Prices At 5 Week Lows, Silver Prices Affected By Aggressive Monetary Policy, New Concerns Around Corn Supplies  NGAS futures closed at two month lows Natural gas futures closed at their lowest level in two months in the wake of rising domestic inventories. Freeport LNG indicated that it did not expect the terminal to return to full operations until late 2022, however, partial operations could return within three months. The recent explosion at one of the largest US natural gas export terminals is keeping the US supplies, despite ever rising international demand, which is releasing the domestic price pressure. NGAS Jul ‘22 Futures Price Chart   Gold prices falling amidst a wave of monetary policy tightening The price of gold remains under pressure from rising treasury yields and a strong US Dollar. Gold prices fell around 2% last week amidst a global wave of monetary tightening which aimed at bringing inflation down, the wave was led by the Federal Reserve's 75 basis point hike. The gold prices fell due to the fact that investors tend to shy away from the non-yielding metal as interest rates rise. Gold Aug ‘22 Futures Price Chart Cotton demand weakens as supply rises Cotton futures were trading at almost 4 week lows on prospects of higher supplies and weaker demand. Demand for cotton is seemingly weakening across the world as inflationary pressures resume and as the world’s largest cotton consumer, China, re-enters into Covid-19 lockdowns. In addition, the production is due to increase in both Egypt and other West African countries, whilst demand is expected to drop from Vietnam, Mexico and Bangladesh. Cotton Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Britain's Rishi Sunak And EU's Ursula Von Der Leyen Will Meet Today To Finalize The Northern Ireland Drama

ECB’s Christine Lagarde Eased Fears (EUR/USD, EUR/CHF), Expectations Of A More Hawkish BoE Strengthen (EUR/GBP, GBP/USD)

Rebecca Duthie Rebecca Duthie 21.06.2022 15:46
Summary: President Joe Biden announced he is considering a gas tax holiday. Markets expect a more hawkish BoE, thus offering the pound sterling support. CHF is supported by the SNB's hawkish attitude. Read next: BoE’s Dr Catherine L Mann Speaks  EUR/USD currency pair The market is reflecting bullish signals for this currency pair. US President Joe Biden has announced that he may be considering imposing a gas tax holiday in an attempt to ease inflationary pressure on the US consumer. This looser fiscal policy move could help the Monetary policy tightening moves by the Federal Reserve by adding more flexibility and optionality in its fight against inflation. Theoretically speaking, looser fiscal policy encourages more foreign investment, and thus a higher US Dollar demand. This mixed with a hawkish Federal Reserve could give an extra boost to the US Dollar if the tax cut is approved. During her speech yesterday, European Central Bank (ECB) president Christine Lagarde managed to ease fears via her statement around the ECB’s proactive fight against fragmentation, thereby offering the Euro support. EUR/USD Price Chart BoE expected to accelerate their interest rate hiking path The market is reflecting bearish signals for this currency pair. Analysts at Goldman Sachs and Deutsche Bank say they expect the Bank of England (BoE) to accelerate the rate in which they will raise interest rates. The BoE indicated they would be more inclined to take a more stern stance on inflation, even at the expense of growth. Therefore, giving the markets expectation of a more hawkish BoE, and offering the pound sterling support. EUR/GBP Price Chart SNB’s move to raise interest rates offers CHF support The market is reflecting bearish signals for this currency pair. Despite European Central Bank’s (ECB) Christine Lagarde easing fears around fragmentation, the Swiss Franc is still showing strength against the Euro. Last week the Swiss National Bank (SNB) surprised the markets with a 50 basis point rate hike in its interest rates, which offered the safe-haven currency support. The Swiss Franc was the best performing currency last week. EUR/CHF Price Chart Looming recessions and slowing economies The market is reflecting bullish signals for this currency pair. The pound sterling was edging higher during early trading on Tuesday despite negatives hanging over the GBP. On Wednesday, the UK is expected to release headline inflation data, which is expected to come in at 9.1%, which may even come in higher. In addition, the fears of a slowing UK economy and a global recession are only 2 of the factors that are weighing on this currency pair and on many other foreign exchange pairs. GBP/USD Price Chart Sources: dailyfx.com, finance.yahoo.com, poundsterlinglive.com
Altcoins: Decred (DCR) - A Deeper Look Into The Decred Platform

Altcoins: Decred (DCR) - A Deeper Look Into The Decred Platform

Rebecca Duthie Rebecca Duthie 20.06.2022 20:23
Summary: What is the Decred Platform and how does it work? Advantages of the Decred exchange. Decred’s past, present and future price positions. The Decred Platform The Decred token and protocol were created to facilitate community interaction, open governance and sustainable funding policies. According to the platform's official whitepaper, Decred was created in a way that the community has to approve all transactions and changes made regarding the protocol. Therefore, ensuring there is no way that big Decred holders can manipulate the protocol's operations. The Decred platform is built on a hybrid with both the Proof-Of-Work (PoW) and Proof-of-Stake (PoS) that aligns incentives and layers security. The mixture of both these systems makes the system more expensive to attack than if Proof-of-Work and Proof-of-Stake were operating on their own. Decred is innovative due to the way it bets on blockchain technology’s decentralised nature to prevent monopoly over voting status in the project itself. One of Decreds main goals is to ensure that all DCR holders have the same amount of decision making power and that large institutions are unable to swing votes in their own favour. Decred is, however, similar to Bitcoin due to the fact that it is a decentralised, peer-to-peer blockchain with medium of exchange, store of value and unit of account features necessary to be money. However, DCR does beat Bitcoin in some of the following ways, DCR has on-chain governance, self-funding developer fund, and of course its hybrid Pos/PoW consensus algorithm, Decred introduced the ticket-holder voting to ensure that investors who have enough DCR will be able to participate in votes regarding the company/tokens operations and future. In addition, Decred created Politeia, Politeia is a dedicated voting platform that allows users to participate in votes, start discussions and submit proposals. Users are able to buy DCR on many large platforms, the largest being Binance, the others are Huobi, YoBit, BitAsset and more. The Decred platform was launched in February of 2016, there is a maximum supply of 21 million DCR and more than 14 million of them are in circulation. The current Decred market capitalisation is just short of $321 million. Advantages of the Decred Platform: Decred’s hybrid consensus algorithm which consists of both the Proof-Of-Work (PoW) and Proof-of-Stake (PoS) that aligns incentives and layers security. The mixture of both these systems makes the system more expensive to attack than if Proof-of-Work and Proof-of-Stake were operating on their own. The Decred platform is also adaptable due to its built-in governance system that empowers its community with formal rights to make both project-level decisions and consensus changes. These systems make the Decred platform more adaptable and therefore allowing the platform to evolve as the stakeholders wish it to, resist forks and incorporate new technologies in the long run. The Decred platform also has the advantage of sustainability thanks to its continuously funded treasury with 10% of each block reward, it also employs a flexible contractor model that allows their contractors to receive compensation for their work. Thus, making Decred a self-funded and sustainable Decentralised Autonomous Organisation. Past, present and future prices of Decred (DCR) After the launch of the Decred network, the price of DCR rose almost immediately, the first spike in price that occurred towards the start of 2018 and saw the price go above $97, and was followed by a sharp decline. After its first peak in 2018 the price fell and then spiked again in the same year. The second peak was followed by a gradual decline, and took more than 2 years to take off again, in May of 2021 DCR reached its highest price yet, reaching above the $200 level. Since its price peak in 2021, the price of DCR has been gradually declining, showing some signs of trying to recover during the later part of 2021. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, yearn.finance falls under this category. According to some analysts the future price of Decred (DCR) could reach up to $85 by 2024 and could see a price of more than $105 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. DCR Price Chart Sources: finance.yahoo.com, coinmarketcap.com, decred.org, cryptonewsz.com, cryptoeq.io
BoE’s Dr Catherine L Mann Speaks

BoE’s Dr Catherine L Mann Speaks

Rebecca Duthie Rebecca Duthie 20.06.2022 19:18
Summary:BoE Dr Catherine L Mann speaks about monetary policy.Pound sterling could face further depreciation if the BoE fails to be more forceful.BoE hold over the value of the GBPOn Monday, BoE Dr Catherine L Mann spoke to the world. As a member of the Bank of England’s (BoE) Monetary policy committee, which is responsible for setting future monetary policy decisions. Traders watch her speeches closely for any subtle clues regarding the future of monetary policy changes. Her comments today indicated that the pound sterling would likely face further depreciation if the BoE fails to be more forceful. Mann indicated that unless the Bank of England acted more forcefully, the pound sterling is at risk of weakening further and pushing UK inflation even higher, unless the BoE adopts a more activist approach. Mann also indicated that she voted for a 50bps hike in interest rates at the June policy meeting, but was outvoted by her peers, and a 25 bps move was agreed upon instead. Sources: finance.yahoo.com, poundsterlinglive.com
Serious liquidity crisis? According to Franklin Templeton, a massive, but unlikely deposit flight from Credit Suisse would have to happen

Fears Of A Global Recession Strengthen (EUR/USD), Expectations More Hawkish BoE (EUR/GBP), CHF Was The Best Performing Currency Last Week (EUR/CHF), NZD/USD

Rebecca Duthie Rebecca Duthie 20.06.2022 13:48
Summary: Swiss Franc could be the most appealing safe-haven currency right now. Fears of a high level of striking in the United Kingdom. Russia under-delivers on its gas obligations to some European countries. Read next: Eurozone Inflation Data Offering Euro Support (EUR/USD, EUR/GBP), SNB 0.5% Interest Rate Hike Bombshell (EUR/CHF), BoJ Left Monetary Policy Unchanged (USD/JPY)  EUR/USD The market is reflecting mixed signals for this currency pair. In general there are fears of a global economic recession, this fear is affecting the foreign exchange markets. Russia cut some of its exports in gas to Germany, Italy and France, which foreshadows an increase in gas prices and possibly a complete stop to gas flows. If this occurs, expectations of a euro area recession is likely and will add to further inflation in Europe. All of these factors are driving the price of the EUR/USD currency pair. EUR/USD Price Chart EUR/GBP The market is reflecting bearish signals for this currency pair. Fears of a high level of striking in the United Kingdom is putting the Bank of England (BoE) under pressure to hike interest rates at a rate faster than economists expectations. Expectations of a more hawkish BoE is offering the pound sterling support against the Euro. EUR/GBP Price Chart The SNB’s surprise interest rate hike offered the CHF support The market is reflecting mixed signals for this currency pair. The CHF was the best performing currency during the trading week last week as the Swiss National Bank (SNB) surprised the market with a 50 basis point hike in interest rates. This move was the first of its kind in 15 years and offered the Swiss Franc support, and made the currency the most appealing safe-haven currency. EUR/CHF Price Chart NZD/USD The market is reflecting bearish signals for this currency pair. The New Zealand Dollar has lost momentum as expectations of a hawkish Reserve Bank of New Zealand (RBNZ) fade and Oil prices rise. Global markets continue to struggle amidst rising energy prices and hawkish central banks everywhere. NZD/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Analysis Of Situation Of Crude Oil Futures And WTI

Brent Crude Oil Prices At 5 Week Lows, Silver Prices Affected By Aggressive Monetary Policy, New Concerns Around Corn Supplies

Rebecca Duthie Rebecca Duthie 20.06.2022 11:50
Summary: The international oil benchmark fell around 6% on Friday. Silver fell below the $22 per-ounce mark on Friday, closing at its lowest level since June 2020. Failed negotiations between Russia and the Ukraine. Read next: Coffee Prices Rising Amidst Tight Supply Concerns, WTI Oil Facing Its First Weekly Decline Since Mid-April, Platinum Prices At 6 Week Low  Brent Crude Oil prices remain supported Brent Crude Oil prices fell to almost 5 week lows on Monday amidst concerns around slowing global economic growth and fuel demand which outweighed expectations of higher near-term consumption and ongoing supply issues. The international oil benchmark fell around 6% on Friday amidst concerns of global economic fallouts from higher interest rates shook financial markets. U.S Energy Secretary Jennifer Granholm warned markets of a “continued upward pull on demand” over the weekend, and of the likelihood of high gasoline prices continuing. Crude prices have been supported by the war in the Ukraine, civil unrest in Libya and OPEC’s failure to pump more oil. Brent Crude Oil Price Chart Silver prices close below $22 per-ounce Silver fell below the $22 per-ounce mark on Friday, closing at its lowest level since June 2020, in the wake of bets of more aggressive monetary policy tightening by central banks steered investors away from the non-yield metal. Silver Jul ‘22 Futures Price Chart Corn prices rising amidst new concerns around supply Corn prices rose to 4 week highs in mid-June amidst new concerns around grain supplies. Talks between Russia and the Ukraine, two of the largest grain exporters, around resuming Ukrainian exports failed, despite Turkish efforts to negotiate a safe corridor for the grain stuck at Black Sea ports. Meanwhile, Brazil and Beijing reached an agreement after years of negotiation to start corn exports from Brazil to China. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Energy and Metals Decline, Wheat Rallies Amid Disappointing Chinese Growth

Eurozone Inflation Data Offering Euro Support (EUR/USD, EUR/GBP), SNB 0.5% Interest Rate Hike Bombshell (EUR/CHF), BoJ Left Monetary Policy Unchanged (USD/JPY) - 20.06.2022

Rebecca Duthie Rebecca Duthie 20.06.2022 08:05
Summary: Investor eyes are on the Federal Reserve's chairperson Jerome Powell and the industrial production numbers. The inflation data for Japan is due to be released next Thursday. EUR/CHF turns bullish. BoE interest rate hike. Wells Fargo predicts US recession in 2023 The market is signalling mixed market sentiment for this currency pair. Eurozone core inflation came in at 3.8% for the month of May which offered the Euro support post-release. On the US side, all investor eyes are on the Federal Reserve's chairperson Jerome Powell and the industrial production numbers which could affect this currency pair. Economists at U.S. bank Wells Fargo predict a recession for 2023 in the U.S is more likely than not as the Fed continues to succeed in slowing economic growth to the extent that inflation declines. EUR/USD Price Chart Pound sterling strengthened by future prospects The market is signalling mixed market sentiment for this currency pair. The Bank of England (BoE) raised their interest rates by 25bps, which has offered the Pound sterling support. There are increased expectations regarding a 50bps interest rate from the BoE in August. EUR/GBP Price Chart SNB bombshell The market is signalling bearish market sentiment for this currency pair. Swiss Franc found support in the wake of the Swiss National Bank’s surprise 0.5% interest rate hike. The SNB is well known for their unconventional policy changes, their monetary policy tightening offered the CHF support against the USD, EUR and other currency counterparts. EUR/CHF Price Chart Bank of Japan left monetary policy unchanged. The market is signalling bearish market sentiment for this currency pair. The US Dollar has been generally under pressure however, this is not the case with the USD/JPY as the Bank of Japan left monetary policy unchanged. The inflation data for Japan is due to be released next Thursday. USD/JPY Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
ECB's Dovish Shift: Markets Anticipate Softer Policy Guidance

Eurozone Inflation Data Offering Euro Support (EUR/USD, EUR/GBP), SNB 0.5% Interest Rate Hike Bombshell (EUR/CHF), BoJ Left Monetary Policy Unchanged (USD/JPY)

Rebecca Duthie Rebecca Duthie 17.06.2022 20:32
Eurozone Inflation Data Offering Euro Support (EUR/USD, EUR/GBP), SNB 0.5% Interest Rate Hike Bombshell (EUR/CHF), BoJ Left Monetary Policy Unchanged (USD/JPY)   Summary: Investor eyes are on the Federal Reserve's chairperson Jerome Powell and the industrial production numbers. The inflation data for Japan is due to be released next Thursday. EUR/CHF turns bullish. BoE interest rate hike. Wells Fargo predicts US recession in 2023 The market is signalling mixed market sentiment for this currency pair. Eurozone core inflation came in at 3.8% for the month of May which offered the Euro support post-release. On the US side, all investor eyes are on the Federal Reserve's chairperson Jerome Powell and the industrial production numbers which could affect this currency pair.   Economists at U.S. bank Wells Fargo predict a recession for 2023 in the U.S is more likely than not as the Fed continues to succeed in slowing economic growth to the extent that inflation declines.                                                                                                           EUR/USD Price Chart   Pound sterling strengthened by future prospects The market is signalling mixed market sentiment for this currency pair. The Bank of England (BoE) raised their interest rates by 25bps, which has offered  the Pound sterling support. There are increased expectations regarding a 50bps interest rate from the BoE in August.                                                                                                         EUR/GBP Price Chart   SNB bombshell The market is signalling bearish market sentiment for this currency pair. Swiss Franc found support in the wake of the Swiss National Bank’s surprise 0.5% interest rate hike. The SNB is well known for their unconventional policy changes, their monetary policy tightening offered the CHF support against the USD, EUR and other currency counterparts.                                                                                                           EUR/CHF Price Chart   Bank of Japan left monetary policy unchanged. The market is signalling bearish market sentiment for this currency pair. The US Dollar has been generally under pressure however, this is not the case with the USD/JPY as the Bank of Japan left monetary policy unchanged. The inflation data for Japan is due to be released next Thursday.                                                                                               USD/JPY Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
5 Cryptocurrencies That You Probably Forgot About - USD Coin (USDC), Lucky Block (LBLOCK), Solana (SOL), GARI ($GARI), dydx (DYDX)

5 Cryptocurrencies That You Probably Forgot About - USD Coin (USDC), Lucky Block (LBLOCK), Solana (SOL), GARI ($GARI), dydx (DYDX)

Rebecca Duthie Rebecca Duthie 17.06.2022 16:05
Summary: A summary of USDC, LBLOCK, SOL, $GARI, DYDX,. Stablecoins, games platform, the blockchain trilemma, video sharing, Proof of work, proof of space and time, proof-of-history. Dydx and margin trading. USD Coin (USDC) USD Coin is a digital stablecoin that is attached to the US Dollar, it is used as a digital dollar for global businesses. This coin is interesting because it is always redeemable in a ratio of 1:1 for US Dollars, meaning it gives its users access to the US Dollar. USDC is seen as a pillar of the blockchain ecosystem. The USDC software is open-source and is managed by an organisation that drives standards for the adoption of trusted stablecoins, and enforces payment and identity standards; this organisation is called Centre Consortium. The USDC is available on most of the world's most powerful and innovative block chains. The fact that USDC offers a broad, native availability and the ability to seamlessly swap across the blockchain ecosystems, means that developers who build with USDC are able to extend their reach. The Centre Consortium's second major standard provides decentralised identity for crypto finance, called Verite. Verite is a collection of standardised protocols that can help make it safer, easier and more efficient to do business across the world of DeFi and Web3 commerce. Verite is free and anyone can use it and to build on. Read more: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!  Lucky Block (LBLOCK) Lucky Block is one of the most undervalued cryptocurrencies, but hopes to change that by building onto the Binance Smart Coin and using it to offer more transparency and equality amongst users. Lucky Block is listed on the Pancakeswap platform, in the weeks following the listing, the price increased substantially and investors saw brilliant returns. They launched their coin earlier this year, and have seen successful returns since. Lucky Block is a cryptocurrency games platform, a worldwide games and competitions platform with “play-to-earn” rewards using blockchain protocols, it operates on the Binance smart chain. They are determined to develop further transparency and fairness in games. The coin was created to give everyone a better experience for lottery entrants. Lucky Block believes that games of chance should have no borders (geographic and financial). The coin is considered to be revolutionary - it is a “crypto-lottery” Lucky Block was the fastest crypto to earn $1 billion Market Cap, they acquired 50k+ investors in the first 90 days after launching. Read more:(LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?  Solana (SOL) The Solana coin was founded in 2017 during the initial coin offering (ICO), their aim is to keep cost low but still achieve scaling throughput beyond what is achieved by other popular blockchains. As well as trying to solve the blockchain trilemma. The SOL token was officially launched in March 2020. Since its launch Solana has become one of the Top 10 cryptocurrencies with regards to total market capitalisation. Proof-of-history in the context of cryptocurrencies refers to a high frequency Verifiable Delay Function (VDF). A VDF produces a unique output that is efficient and can be publicly verified. Solana uses the proof-of-history to solve the issue of the need for centralised systems to verify transactions, as the need to use centralised services defeats the object of a decentralised system. Solana’s platform uses a proof-of-stake network, meaning the security network is not dependent on energy usage, thus the platform is environmentally friendly. The synchronisation engine that is used by Solana is one of the main reasons they can achieve a high throughput. The reliability of Solana’s synchronisation guarantees allows them to break down the synchronisation blocks called ‘entries’ which are then validated in real time before any block consensus. Read more: (SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?  GARI ($GARI) Chingari App is a short video-sharing app that pays its content creators based on how viral their videos become. With every upload, creators get points per view which can be exchanged for money. Chingari has been labelled India's version of Tiktok. Chingari has partnered up with Solana to build and launch GARI on a decentralised exchange in 2023. Chingari is the largest on chain social graph on web3. $GARI NFT marketplace, which will launch in 2023 acts as both an in-app currency and as a governance token. This will give creators the authority over future platform development. GARI Panda is an exclusive collection of 9,999 unique panda NFTs on Solana, this feature aims to bring unique & real world utilities to holders. In the future if advertisers wish to run advertisements in the Chingari app, they will need to own Gari Panda NFTs. Read more: https://www.fxmag.com/crypto/gari-networks-future-looks-bright-as-the-market-waits-for-gari-to-launch  Dydx (DYDX) Dydx is a decentralised trading platform that is used for cryptocurrency margin trading for assets such as ETH, BTC, SOL, DOT and more. The bulk of the trading happens on the Ethereum blockchain, however, with the recent launch of layer 2, the Dydx exchange can be used for inexpensive, instantly settled trades. Dydx has successfully filled a niche market in the world of cryptocurrencies. Dydx is a leading crypto exchange that supports perpetual trading. It trades on the ethereum block chain using smart contracts and no intermediaries. Perpetual trading on cryptocurrencies are financial derivatives that enable traders to bet on crypto asset price movements, using leverage without owning the underlying asset. Some advantages of using this method are: Increased flexibility of trades by allowing both long and short trades. Increased leverage. Dydx is aiming at trading for everyone. They are building an open platform for crypto financial products, which is powered by the Ethereum blockchain. Read more: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest  Sources: FXMAG.com
Oil Could Be Ready To Pop, The Bank Of England Market Pricing Is More Mixed

Coffee Prices Rising Amidst Tight Supply Concerns, WTI Oil Facing Its First Weekly Decline Since Mid-April, Platinum Prices At 6 Week Low

Rebecca Duthie Rebecca Duthie 17.06.2022 16:01
Summary: WTI crude futures price dropped on Friday, heading for their first weekly decline since mid-April. Concerns around dryer weather conditions in certain areas of Brazil and smaller output in Columbia. Platinum prices reached their lowest in 6 weeks. Read next: Gold (XAUUSD) Prices Are Falling, Expectations Of Cooling NGAS Demand, Cotton’s Demand Weakening  WTI Oil prices declining in the wake of rising consumer prices WTI crude futures price dropped on Friday, heading for their first weekly decline since mid-April, in the wake of a highly uncertain outlook for global growth and fuel demand following numerous interest rate hikes around the world this week that took a toll on the markets. The International Energy Agency warned on Wednesday that the combination of soaring energy prices and weakening economic forecasts dimmed the outlook for future demand. In addition, investors watched the supply tightness for WTI crude after the US announced sanctions on Iran. This added to concerns around production shortfalls among OPEC members and disruptions caused by unrest in Libya and Russia’s war in Ukraine.   WTI Oil Price Chart Concerns around coffee supplies. Coffee prices rose amidst concerns around tight supplies in Brazil and a softer dollar. Brazil is behind on their coffee harvest, having harvested only 28% as of June 14th. In addition, there were also concerns around dryer weather conditions in certain areas of Brazil and smaller output in Columbia. Coffee Futures Price Chart Platinum demand remains subdued Platinum prices reached their lowest in 6 weeks on Friday in the wake of rising US treasury yields which followed higher than expected US CPI inflation data, driving the demand for platinum lower. In addition the demand for the metal is expected to remain low from top consumer China as it re-imposed Covid-19 restrictions, just weeks after easing in major cities as the country saw a fresh outburst of new infections. Platinum Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
The Commodities Feed: Anticipating LNG Strike Action and Market Dynamics

Netflix (NFLX) Shares Dropped After Analyst Changed Recommendation To “Sell”

Rebecca Duthie Rebecca Duthie 14.06.2022 18:18
Summary: Netflix is usually viewed as a blue chip stock, yet has been heavily affected by the broad market sell-off. Read next: The Market Has Strong Expectations Of An Even More Hawkish Fed (EUR/USD, USD/CHF), Pound Sterling Tumbled Amidst Investor Sell-off Sentiment (EUR/GBP, GBP/USD)  Netflix price dropped after analyst turned recommendation to sell The Netflix stock price has plummeted 70% year-to-date amidst a broader market sell off that many companies in the market have been feeling the effects of. Netflix share price crashed in the wake of Goldman Sachs benchmark analyst turning Netflix’s stock to a “sell” from neutral on Tuesday and set a price target that was the lowest on Wall Street. Netflix is usually viewed as a blue chip stock, yet has been heavily affected by the broad market sell-off. NFLX Price Chart Sources: finance.yahoo.com
Ethereum Prices Should Hold Above Interim Support To Keep The Bullish Structure Intact

ETC Meaning. Altcoins: What Is Ethereum Classic (ETC)? How Has Ethereum Classic Price Changed?

Rebecca Duthie Rebecca Duthie 14.06.2022 13:38
Summary: What is the Ethereum Classic Platform and how does it work? Advantages of the Ethereum Classic exchange. Ethereum Classic’s past, present and future price positions. Read next: Altcoins: Yearn.Finance (YFI), What Is It - A Deeper Look Into The Yearn.Finance Platform  The Ethereum Classic Platform The Ethereum Classic platform exists in response to the contract censorship that exists on sister chain Ethereum. Ethereum Classic has managed to resist censorship against all odds, and has managed to deliver Ethereum's original vision of unstoppable applications. Ethereum Classic's main function is a smart contract network that has the ability to host and support decentralised applications (DApps). Ethereum Classic’s native token is ETC. Since its launch, Ethereum Classic strives to differentiate itself from Ethereum, and over time has succeeded as its roadmap is diverging further and further apart with time. Ethereum Classic combines the technology of Ethereum with Bitcoin’s philosophy, Ethereum Classic is uniquely placed perfectly to be the smart contract platform of the future, as other chains can become compromised or captured by special interests. Ethereum Classic has a market capitalization of more than $1.9 billion, a current circulating supply of more than 135 million ETC tokens, the ETC tokens are capped at 210.700 million. The Ethereum Classic blockchain is secured using the proof-of-work (PoW) network, however the blockchain has faced regular attacks due to its minority status. These attacks include several 51% attacks to gain control of mining hashrate and execute spurious transactions and double spend coins, the most recent one occurred in August 2020. Buying Ethereum Classic’s ETC ETC is a major market cap cryptocurrency and it is freely tradeable on many major exchanges. Pairs are available through other cryptocurrencies, fiat currencies and stablecoins whilst derivatives and institutional investment vehicles also exist on the platform. It is possible to purchase ETC through Ethereum, Binance and OKEx to name a few. Advantages of the Ethereum Classic platform Ethereum Classic is decentralised: like other cryptocurrencies, Ethereum Classic is decentralised with nodes spread around the globe. Ethereum Classic is the original Ethereum: Ethereum classic is the unaltered version of Ethereum, this is beneficial for those who believe that the Ethereum blockchain has changed too much since it was created. It supports dApps and smart contracts: Ethereum Classic is similar to Ethereum, technologically, and its ability to support dApps and smart contracts is one of Ethereum Classic’s greatest advantages. For these to function, they use Ethereum Classic as fuel, thus creating greater demand for the ETC coin. ETC is cheaper than Ethereum’s ETH: ETC may not have passed ETH, however it is still a large cryptocurrency. Ethereum Classic is trying to make ties with Ethereum: despite their differences, they recognise that by working together they can achieve more. ETC is being enhanced by IOHK (Input Output Hong Kong): since IOHK started working on the project, they have created Mantis, written natively for Ethereum Classic, its purpose is to mitigate attacks and improve security. Ethereum classic is appreciating in the long run Past, present and future prices for Ethereum Classic (ETC) After the launch of the Ethereum Classic network, the price rose almost immediately, the first spike in price that occurred towards the end of 2018 and saw the price go above $40, and was followed by a gradual but relatively substantial decline. Since the first peak in 2018 the price took more than 3 years to take off again, in June of 2021 ETC reached its highest price yet, reaching above the $125 level. Since its price peak in 2021, the price of ETC has been gradually declining. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, yearn.finance falls under this category. According to some analysts the future price of Ethereum Classic (ETC) could reach up to $62 by 2026 and could see a price of around $176 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ETC Price Chart It should be kept in mind that ETC isn't primarily a payment mode but a decentralised blockchain that enables the creation of programmable applications and contracts Sources: trading-education.com, finance.yahoo.com, coinmarketcap.com, ethereumclassic.org, cryptonewsz.com
Britain's Rishi Sunak And EU's Ursula Von Der Leyen Will Meet Today To Finalize The Northern Ireland Drama

The Market Has Strong Expectations Of An Even More Hawkish Fed (EUR/USD, USD/CHF), Pound Sterling Tumbled Amidst Investor Sell-off Sentiment (EUR/GBP, GBP/USD)

Rebecca Duthie Rebecca Duthie 14.06.2022 12:19
Summary US Dollar supported by prospects of a hawkish Fed. The Pound sterling remains vulnerable to further losses against the Euro. Read next: US CPI Inflation Acceleration Likely To See Hawkish Fed Retaliation (EUR/USD), On Thursday The Market Expects The BoE Monetary Policy Decision (EUR/GBP)  Expectations of a hawkish Fed is driving the dollar up. The market is reflecting bearish signals for this currency pair. As expectations for the Federal Reserve to continue on its hawkish path, and raise interest rates even higher at the next FOMC heighten, the US Dollar is strengthening. A hawkish move from the Fed will likely drive the US Dollar higher as it will gain a yield advantage over its G10 peers. Uncertainty around driving the US economy into a recession also brings about the appeal for the US Dollars liquidity. EUR/USD Price Chart Pound Sterling tumbles in the wake of investor sell-off sentiment The market is reflecting bullish signals for this currency pair. The Pound sterling remains vulnerable to further losses against the Euro following the losses experienced in the last 24 hours which was driven by the strong risk-off sentiment that has been seen by the global markets, which is also linked to the strong expectations for larger interest rate hikes at the US Federal Reserve. EUR/GBP Price Chart US Dollar/Swiss Franc (USD/CHF) Bullish The market is reflecting bullish signals for this currency pair. With expectations for the US Federal Reserve to further tighten monetary policy, the US Dollar is strengthening against most of its counterparts, including the Swiss Franc. USD/CHF Price Chart UK employment data released UK jobs data was released early on Tuesday, which reflected an employment change for March beating estimates whilst the employment statistic missed expectations. The initial reaction to this data saw the pound sterling weaken against the US Dollar as the ease in the labor market could be a signal towards the start of an economic shift. GBP/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Declines At The Close Of The New York Stock Exchange, The Drop Leaders Were Nike Inc Shares

Gold (XAUUSD) Prices Are Falling, Expectations Of Cooling NGAS Demand, Cotton’s Demand Weakening

Rebecca Duthie Rebecca Duthie 14.06.2022 11:32
Summary: Gold prices are under pressure from a rallying US Dollar. NGAS prices have dropped as expectations of cooling demand strengthened as the summer season approaches. Inflationary pressures and re-imposed Chinese lockdowns vs Cotton prices Read next: Brent Crude Oil Prices, Silver Prices Hit Lowest Price In Four Weeks, Corn Prices Rise Amid Supply Concerns  XAUUSD prices falling in the wake of broad market sell-off On Tuesday Gold futures are trading at around four-week lows after falling nearly 3% during Monday's trading session. Gold prices remain under pressure from a rallying US Dollar and Treasury yields as investors are bracing themselves for more aggressive monetary policy tightening from the Federal Reserve Bank. Aggressive interest rate hikes have also instilled fears of a recession in the US economy which drove further selling and forced liquidation across the financial markets, including with gold. XAUUSD Price Chart Natural Gas demand falling as the summer season approaches Natural gas prices dropped in the past two trading sessions in the wake of investors' expectations of cooling demand strengthened as the summer season approaches. In addition, a recent explosion at a major Texas LNG terminal has made room for more natural gas to enter the market, due to the facility being offline for at least another 3 weeks. The extra supply in the market could bridge the gap between the current inventory levels and the 5-year average, which has been one of the driving forces behind the quarters natural gas rally. NGAS Futures Price Chart Demand weakening for Cotton Cotton futures prices are trading near 2-month lows due to expectations of higher supply and weaker demand. Cotton demand is expected to decrease due to inflationary pressures and the largest consumer, China re-imposes covid-19 lockdowns. Cotton Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

NASDAQ (IXIC) At Lowest Since September 2020, Bitcoin (BTC) Price Crash

Rebecca Duthie Rebecca Duthie 13.06.2022 22:56
Summary: NASDAQ closed almost almost 4.7% down. Bitcoin prices reach lowest seen since december 2020. NASDAQ On Monday the US stock market fell into a bear market, the Nasdaq composite fell almost 4.7% during the trading day, reflecting a level not seen since September 2020. Investor sell-off sentiment is market wide, with the crypto market also tumbling as Bitcoin is more than 17% down. Investors are anxiously awaiting the Federal Reserve meeting on Wednesday as the market awaits the latest policy decision. IXIC Price Chart Bitcoin (BTC) Price sank in overnight trading Bitcoin prices sank in overnight trading, reaching low levels not seen since December 2020 in the wake of rising inflation reducing the demand for the world's largest cryptocurrency. The rising inflation, rising bond yields, the Federal Reserve’s signals of aggressive interest rate hikes and a stronger US Dollar are all factors that have combined in adding downwards pressure on crypto assets. Hence, even amidst wider crypto acceptance from governments all around the world to add or compliment Bitcoin into its national currencies. The price tumble of Bitcoin caused the cryptocurrency lender, Celsius Network to pause withdrawals from its deposit base due to what the group referred to as “extreme market conditions.” Binance quickly followed suit in the Monday session citing a 'stuck transaction' on the world's biggest crypto trading platform. Sources: finance.yahoo.com, thestreet.com
The Recent Rally Of Bitcoin Had Been Capped, The Digital Yuan (eCNY) Has Received Upgrades

Bitcoin (BTC) Down To December 2020 Lows

Rebecca Duthie Rebecca Duthie 13.06.2022 19:58
Summary: Bitcoin’s price crash, reaching levels not seen since December 2020 . Celsius Network to pause withdrawals from its deposit base Bitcoin (BTC) Price sank in overnight trading Bitcoin prices sank in overnight trading, reaching low levels not seen since December 2020 in the wake of rising inflation reducing the demand for the world's largest cryptocurrency. The rising inflation, rising bond yields, the Federal Reserve’s signals of aggressive interest rate hikes and a stronger US Dollar are all factors that have combined in adding downwards pressure on crypto assets. Hence, even amidst wider crypto acceptance from governments all around the world to add or compliment Bitcoin into its national currencies. The price tumble of Bitcoin caused the cryptocurrency lender, Celsius Network to pause withdrawals from its deposit base due to what the group referred to as “extreme market conditions.” Binance quickly followed suit in the Monday session citing a 'stuck transaction' on the world's biggest crypto trading platform. BTC Price Chart
Altcoins: Yearn.Finance (YFI), What Is It - A Deeper Look Into The Yearn.Finance Platform

Altcoins: Yearn.Finance (YFI), What Is It - A Deeper Look Into The Yearn.Finance Platform

Rebecca Duthie Rebecca Duthie 13.06.2022 15:37
Summary: What is the yearn.finance Platform and how does it work? Advantages of the yearn.finance exchange. Yearn.Finance’s past, present and future price positions. Read next: Altcoins: Axie Infinity (AXS), What Is It? - A Deeper Look Into The Axie Infinity Platform  The Yearn.Finance (YFI) Platform Yearn.finance (YFI) is an Ethereum based token that governs the yearn.finance platform. The platform is a yield organiser, which moves funds around the decentralised finance (DeFi) ecosystem in an effort to generate a higher return. Running on the Ethereum platform, the yearn.finance platform's primary focus is to simplify yield farming. Yearn.finance is an aggregator service for decentralised finance (DeFi) investors through the use of automation, allowing them to maximise profits through yield farming. Its goal is to simplify the DeFi space for those investors who are not technically minded or those who wish to interact in a manner less committal than that of serious traders. Yield farming is a process of staking cryptocurrencies in an attempt to earn a passive income. The yearn.finance platform is an automation tool that invests into the liquidity pools of various cryptocurrencies and other projects to deliver the best profits. According to the whitepaper, the yearn.finance platform offers 3 main products: Earn: refers to the lending aggregator on the platform, and shifts funds between different platforms, users are able to deposit these aggregators to earn interest. The smart contracts linked to the earn lending aggregator ensure that users are earning the highest interest rates at all times. Vaults: the vaults on the yearn.finance platform are like savings accounts for crypto assets. Users are able to manage their holdings and choose the best strategies to maximise their yields. The platform offers more than 10 different strategies for every kind of user. In addition, the platform also assists users with capital shifting, rebalancing and auto-compounding. Iron Bank: this refers to lending services for both protocols and users. This service allows borrowing, by using the crypto as collateral. For some whitelisted protocols, this service also offers zero-collateral loans. There are many benefits to crypto-lending, such as: Low interest costs: due to the assurance of a stable asset, the fees for crypto-lending have moderate interest costs. Claims: the users have complete control over the whole process, the users can also receive different advantages such as getting the physical money required without actually having to go through the management of the lending site advising to trade owned crypto holdings. Accelerated crypto funding: offers a face paced transaction, hence there is the ability for a collateral loan reserve to be processed within a few hours of sanctioned approval. No mandatory credit checks conformities: during the initial investing process, there is no need for a credit screening in crypto lending. The users’ loan access will likely be granted even if the credit is not up to the mark. This can be a lucrative offer for users with unsatisfactory credits.   Yearn.finance was launched in 2020, the current circulating supply of YFI tokens is 36,637 tokens and has a maximum supply of YFI is 36,666 tokens, currently 100% of the YFI tokens are circulating. The current market capitalisation is more than $178 million. Advantages of the yearn.finance platform The Yearn.finance platform offers some of the highest returns on investments. Yearn.finance offers a high level of security. The yearn.finance platform has locked a net value of over $5 billion. Ease of use of the yearn.finance platform. Past, present and future prices for Yearn.finance (YFI) After the launch of the yearn.finance network, the price took off almost immediately, the first spike in price that occurred in September of 2020 and saw the price go above $43,000, and was followed by a gradual but substantial increase. Since then the price rose noticeably again in May of 2021, reaching above the $60,000 level. Since its price peak in 2021, the price of YFI has been gradually declining. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, yearn.finance falls under this category. According to some analysts the future price of yearn.finance (YFI) could reach up to $9,138 by 2026 and could see a price of around $11,692 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. YFI Price Chart Read next: 5 Cryptocurrencies That You Probably Forgot About - Take A Look At Shiba INU (SHIB), Kishu INU ($KISHU), Student Coin (STC), Chia Crypto (XCH), Safemoon (SFM)  Sources: coinmarketcap.com, finance.yahoo.com, cryptonewsz.com, coinbase.com, yearn.finance, coinpriceforecast.com
Rising U.S. Treasury Bond Yields Have Helped The USD/JPY Bulls

US CPI Inflation Acceleration Likely To See Hawkish Fed Retaliation (EUR/USD), On Thursday The Market Expects The BoE Monetary Policy Decision (EUR/GBP)

Rebecca Duthie Rebecca Duthie 13.06.2022 14:42
Summary: High US CPI inflation is likely to cause the Fed to retaliate, offering USD support. The market is reflecting mixed market signals for the EUR/GBP currency pair. Sharp decline in the value of the JPY sparks BoJ response. Read next: US CPI Data Due On Friday Offers USD Support (EUR/USD, USD/JPY, USD/CHF), Pound Sterling Rallies Against Euro Due To The ECB Press Conference Ambiguity (EUR/GBP)  EUR/USD Bearish as the market expects a hawkish Fed The market is reflecting bearish signals for this currency pair. The Euro to US Dollar exchange rate fell heavily during last week's trading week in the wake of a toxic combination of international and domestic headwinds and could likely remain under pressure in the coming days if the Fed and US bond yields continue to wear down global investor sentiment. The high US CPI inflation rate indicates that inflation is showing no signs of peaking, the Federal reserve is likely to continue on its hawkish path of tightening monetary policy, which is offering the USD support. EUR/USD Price Chart Hawkish BoE could offer GBP support The market is reflecting mixed market signals for this currency pair. On Thursday the Bank of England (BoE) is due to make a monetary policy decision, if the Bank adopts a more hawkish tone, the pound sterling could strengthen against the EUR. However, economists don't expect a large increase in interest rates and the BoE has been pushing back from hawkish market expectations for its interest rate to reach either 2% or more by year end. EUR/GBP Price Chart BoJ may be ready to step in to save the JPY The market is reflecting bullish signals for this currency pair. On Friday the Bank of Japan (BoJ) made a joint government statement which echoed the concerns over the yen’s sharp decline, which indicated that the BoJ may be ready to respond appropriately. In his latest address to parliament, Kuroda stated, "The yen's recent sharp declines are negative for Japan's economy and therefore undesirable, as they make it hard for companies to set business plans". USD/JPY Price Chart AUD/JPY currency pair The market is reflecting bullish market sentiment for this currency pair. The sharp weakening of the Japanese Yen has caused the BoJ to hint plans of stepping in to save the safe-haven currency. AUD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com  
India's RBI Keeps Repo Rate Unchanged Amid Tomato-Driven Inflation Surge

Brent Crude Oil Prices, Silver Prices Hit Lowest Price In Four Weeks, Corn Prices Rise Amid Supply Concerns

Rebecca Duthie Rebecca Duthie 13.06.2022 12:48
Summary: Rising covid cases in China and 40-year high US Inflation. The global economic outlook remains dim due to the rising borrowing costs, the war in Ukraine, high commodity prices and ongoing supply disruptions. Failed talks between Russia and Ukraine puts corn supplies under pressure. Read next: (XAUUSD) Gold Prices Falling In The Run-Up To US Inflation Data Release, NGAS Prices Fall But Remain Elevated, Coffee Prices  Brent Crude prices fall for third session Brent crude oil futures prices have fallen on Monday for their third session as investors have been monitoring the covid situation in China and have remained concerned that rising inflation may hinder growth and negatively impact the demand for oil. Major cities in China are fighting rising covid-19 cases with officials warning of “ferocious” Covid spread in Beijing. In addition, U.S inflation hit a 40-year high of 8.6% last month, which increases the likelihood of more aggressive interest rate hikes from the FED. On Saturday US Fuel prices went above $5 per gallon, extending the surge in fuel costs that is driving rising inflation. Goldman Sachs indicated on Friday that energy prices needed to increase further before achieving a destruction in demand that is sufficient for market rebalancing. Brent Crude Oil Price Chart Silver prices reaches its lowest level in 4 weeks Investors' worries around the global economic outlook and a more hawkish attitude from the Federal Reserve have been strengthening, pushing silver prices down to its lowest level in four weeks. The global economic outlook remains dim due to the rising borrowing costs, the war in Ukraine, high commodity prices and ongoing supply disruptions. The Fed is due to continue tightening its monetary policy during the coming week after US inflation reached 41-year highs during May, in addition the ECB and RBA have also chosen a more hawkish path as inflation shows no signs of peaking. Silver Jul ‘22 Futures Price Chart Corn Prices rising amidst concerns around supply. Corn prices reached nearly eight week highs in the wake of new concerns around grain supplies. Talks failed between two of the major corn suppliers, Russia and the Ukraine around the resuming of Ukrainian exports despite the Turkish efforts to negotiate a safe passage for grain stuck at the Black Sea Ports. Russian President Putin said free shipment depended on an end to sanctions on Russia. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
S&P 500 (GSPC) Tumbles In Response To US CPI Inflation Data, US Inflation Hits 40 Year High

S&P 500 (GSPC) Tumbles In Response To US CPI Inflation Data, US Inflation Hits 40 Year High

Rebecca Duthie Rebecca Duthie 11.06.2022 14:27
Summary:Consumer prices rose year-on-year 8.6%,S&P 500 sees worst week since JanuaryUS CPI data showed inflation reached a 40 year high in May, despite the Fed's hawkish monetary policy attempts to fight inflation. Consumer prices rose year-on-year 8.6%, consumer sentiment data released on Friday came in at a record low, as the rising inflation puts pressure on American households. The S&P 500 dropped sharply in the wake of the release of this data, the end of the trading week saw the S&P 500 indexes worst week regarding performance since January. GSPC Price ChartUS inflation hits 40-year high.Many currencies were under pressure on Friday after official US CPI data indicated that inflation had climbed further in May in defiance of the market expectations for it to ease, this data could cause problems for the federal reserve. The sentiment around the US Dollar is full of concern as to what the Fed’s next move is going to be.Sources: finance.yahoo.com, poundsterlinglive.com
The Canadian Dollar Gains Momentum as Crude Oil Prices Surge

Goldman Sachs Cuts Netflix (NFLX) Shares To Sell, Sending The Price Tumbling

Rebecca Duthie Rebecca Duthie 10.06.2022 17:35
Summary: Goldman Sachs changed the Netflix stock from neutral to a sell. Netflix down 68% in 2022 After re-evaluating the internet sector, Goldman Sachs changed the Netflix stock from neutral to a sell. The stock is down around 68% in 2022 and Goldman Sachs still thinks it is too expensive. According to barrons.com, Goldman Sachs analyst Eric Sheridan explained that there are concerns around the impact of increased competition on demand, a consumer recession, margin expansion and levels of content spend. Hence, the spending and competition on content are still problems, and now the possibility of a slowing economy has also become a factor. NFLX Price Chart Sources: finance.yahoo.com, barrons.com
5 Cryptocurrencies That You Probably Forgot About - Take A Look At Shiba INU (SHIB), Kishu INU ($KISHU), Student Coin (STC), Chia Crypto (XCH), Safemoon (SFM)

5 Cryptocurrencies That You Probably Forgot About - Take A Look At Shiba INU (SHIB), Kishu INU ($KISHU), Student Coin (STC), Chia Crypto (XCH), Safemoon (SFM)

Rebecca Duthie Rebecca Duthie 10.06.2022 16:30
Summary: A summary of SHIB, $KISHU, STC, XCH, SFM Meme coins, Decentralised Finance, Platforms. Proof of work, proof of space and time. Shiba INU, the meme coin platform. SHIBA INU is a type of meme token. The platform is named after the japanese dog breed who has the same name. The price movements of meme coins are frequently linked to sentiment around breaking news and influencer activity on social media. Shiba Inu is a decentralised cryptocurrency, it runs on the Ethereum blockchain, giving the token the same functionality and safety of the Ethereum platform. ShibaSwap is Shiba Inu’s own decentralised platform for trading tokens. Shiboshis is Shiba Inu’s own non-fungible token (NFT), an NFT ownership basically means that when an investor buys an NFT they get to say they have ownership rights of an original copy of a digital file. Investors tend to enjoy following the Shiba Inu token due to its clever methods used to give high crypto returns. Read more on Shiba INU here: Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns  The Kishu Coin Platform. $Kishu, is a decentralised meme-coin that is community-focused, active users of the coin receive instant rewards. When users make a Kishu transaction, they receive a 2% reward in a decentralised wallet, thus, the more KISHU is used, the more rewards are granted to its users. The $KISHU coin’s smart contract has been audited and its LP (liquidity pool) tokens have been burnt. The smart contracts in KISHU Inu means the community and users are almost completely protected from any bad actors. Read more on the Kishu Coin platform here: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin  The Student Coin Platform. According to the studentcoin.org website, Student coin is the first crypto coin that allows users to easily design, create and manage personal, start-up, NFT and DeFi tokens. The mission of Student Coin is to allow organisations and people to create, manage and develop their own tokens, they hope that through this platform they will achieve a concept called tokenization. The aim of Student Coin is to “enable scalability of startups in their early stages by creating an opportunity for numerous investors to engage through tokenization, which also contributes to increased visibility, customers, and the fundamental values.” Student Coin has many products namely, STC Terminal, STC Wallet, STC Staking, STC Voting, STC Academy, STC Exchange. All of which make up the basis of the Student coin platform Read more on the student coin platform here: Altcoins: What Is Student Coin (STC)? The First Of Its Kind! "Easily Design, Create And Manage Personal, Start-up, NFT and DeFi Tokens"! What Will The Future Hold For This Polish Crypto?  The Chia Crypto Platform Chia cryptocurrency is a type of crypto that aims to use the space already in circulation (proof of space and time), their mission statement aims to build a more sustainable, more secure and more powerful blockchain. The coin is based on an innovative consensus algorithm which leveraged the over-allocated hard drive space to create the first new Nakamoto consensus since Bitcoin in 2009. The Chia crypto uses the ‘proof of space and time’ which allows coin farmers to prove that they allocate unused harddrive space to the network. The proof of time and space improves the attack resistance of the network by 51%. Chia is as secure as other proof of work cryptos whilst being less energy intensive. Chia delivers a high quality coin, with the safety and security inline with Bitcoin along with the functional benefit of a purpose built and more secure on chain smart coin environment. Summary of the advantages of Chia coin: The coin uses 0.12% of the energy that Bitcoin uses and 0.23% of the energy that Ethereum uses. Better security due to its more decentralised blockchain. More eco-friendly than other crypto coins. Read more on Chia coin here: https://www.fxmag.com/crypto/what-is-chia-coin-xch-first-new-nakamoto-coin-since-bitcoin-launch-2009  The Safemoon platform SafeMoon is one of the newer cryptocurrencies on the market, having been launched in the first quarter of 2021 SafeMoon had around 2.9 million holders in January 2022. The token's founders wanted a coin that would ensure “safe” gains. SafeMoon designed its products to resist volatility through offering rewards to its investors for holding their coins. There are 4 Functions that occur when a SafeMoon trade occurs: Reflection: 4% of the transaction is distributed to all coin holders. This is in an attempt to lessen the problems the platform is facing regarding mining rewards. LP Acquisition: 3% of each transaction is added to liquidity. The automatic liquidity pool is seen as an advantage of SafeMoons coins, it creates a solid price floor for both buyers and sellers. Manual Burn: 2% of tokens are burnt. The burning of SafeMoon Tokens is manual instead of continuous, this is in an attempt to increase the value of the coins for long-term investors. Growth Fund: 1% is added to the SafeMoon Ecosystem Growth Fund. Read more on the Safemoon platform here: What Is SFM? Does The Altcoin SafeMoon (SFM) Have A Bright Future?  Sources: fxmag.com  
Market Trends and Currency Positioning: USD Net Short Position, Euro and Pound Analysis - 22.08.2023

US CPI Data Due On Friday Offers USD Support (EUR/USD, USD/JPY, USD/CHF), Pound Sterling Rallies Against Euro Due To The ECB Press Conference Ambiguity (EUR/GBP), USD/GBP

Rebecca Duthie Rebecca Duthie 10.06.2022 12:55
Summary: The ECB turned hawkish and announced its plans to increase all interest rates in July by 0.25%. The ECB press conference started, the path forward became ambiguous again. Markets awaiting US CPI data offer support to the US Dollar. US Dollar strengthening ahead of US CPI data release, The market is reflecting bearish signals for this currency pair. On Thursday the European Central Bank (ECB) turned hawkish and announced its plans to increase all interest rates in July by 0.25% and left open possibility for further hikes in September. However, the ECB press conference made clear to the market that there are circumstances in play that could struggle to keep up with the recently escalating market expectations, which could potentially explain the weakening of the Euro. The US CPI data for May is on schedule to be released during the trading day on Friday, which is offering support for the US Dollar. EUR/USD Price Chart GBP rallies in response to ECB ambiguity The market is reflecting bearish signals for this currency pair. The Euro tumbled on Thursday when the European Central Bank's (ECB) president Christine Lagarde sent the market mixed messages regarding the future policies. The written statement signaled a 0.25% increase in all interest rates in July, however, once the press conference started, the path forward became more ambiguous again, causing the Euro to lose against the Pound sterling and the US Dollar. EUR/GBP Price Chart US CPI data offers USD support. The market is reflecting bullish signals for this currency pair. The US Dollar is being supported by strong market expectations for US CPI data. In addition the Bank of Japan (BoJ) is continuing its dovish approach through quantitative easing, causing the safe-haven asset to weaken across the board. USD/JPY Price Chart USD/CHF The market is reflecting bullish signals for this currency pair. The US Dollar is being supported by strong market expectations for US CPI data, despite prospects of the Swiss National Bank turning hawkish. USD/CHF Price Chart Sources: finance.yahoo.com, pounsterlinglive.com, dailyfx.com
Coffee: Brazil And Columbia Are Reducing The Production

(XAUUSD) Gold Prices Falling In The Run-Up To US Inflation Data Release, NGAS Prices Fall But Remain Elevated, Coffee Prices

Rebecca Duthie Rebecca Duthie 10.06.2022 11:12
Summary: US inflation data should offer the market guidance on the Federal Reserve's interest rate hike timeline. Natural gas futures prices dropped on Thursday as investors reacted positively to information from the EIA. Coffee futures prices remain supported by limited supplies and general real strength. Read next: Concerns Around Increasing Demand and Tightening Supply For Platinum, RBOB Gasoline, West Is Unlikely To Ease Sanctions On Russia Causing Wheat Supply Concerns Persist  (XAUUSD) Gold prices falling as US Dollar strengthens Gold futures prices eased on Friday in the wake of a strengthening US Dollar and rising Treasury yields weighed on the safe-havens appeal in the run-up to the release of US inflation data that should offer the market guidance on the Federal Reserve's interest rate hike timeline. The Fed is set to implement two more 50 basis point interest rate hikes at both its June and July meetings, following a move similar to the one in May, which has recently put pressure on gold. Meanwhile, global economic outlook risks that have arisen from the war in the Ukraine, persisting supply chain disruptions, high commodity prices and rising borrowing costs are all factors that are offering gold prices support. XAUUSD Aug ‘22 Futures Price Chart NGAS futures supported by rising demand and tight supplies Natural gas futures prices dropped on Thursday as investors reacted positively to information from the EIA showing that the natural gas storage is built primarily in line with expectations. NGAS prices faced heavy pressure earlier in the trading week after an explosion at the Freeport oil and gas export terminal in Texas, which is set to leave fuel supplies stranded in the domestic market despite the soaring international demand. Still, NGAS prices remained high this week amidst record demand for power in Texas, a fall in output and an intense rally for NGAS as Russia’s war on Ukraine sends energy markets scrambling. NGAS Jul ‘22 Futures Price Chart Coffee is supported by general real strength Coffee futures prices remain supported by limited supplies and general real strength. Coffee dealers indicated that the market remains well supported by a limited flow from both Central America and Brazil, with Brazil, who is the top harvester and grower, lagging their historical average. Coffee Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingecnomics.com  
Dow Jones Industrial Average (DJI), ECB Reaches Policy Decision (EUR)

Dow Jones Industrial Average (DJI), ECB Reaches Policy Decision (EUR)

Rebecca Duthie Rebecca Duthie 09.06.2022 21:07
Summary:Markets are skeptical around tightening financial conditions. Dow Jones Index falls againDow Jones fell by almost 0.7% on Thursday. Stocks on the Dow Jones continued to experience losses during Thursday’s trading day. Investors are continuously looking for clues around how the economy is performing amidst the tighter financial conditions and how aggressive the Federal Reserve will be regarding interest rate hikes before a potential pause. DJI Price ChartECB interest rate decisionOn Thursday the European Central Bank (ECB) announced a landmark decision that warned the end to the era of negative interest rates in Europe is on the horizon. ECB president Christine Lagarde made it clear that there is intent to retain optionality in the forthcoming decisions around interest rates, whilst indicating there is a preference for a slow pace of interest rate increases in the months and quarters ahead.The ECB decision outlined that there would be a 0.25% increase in all of its interest rates, and gave carefully worded guidance that created space to proceed in increments of 0.50% or larger soon after.Sources: finance.yahoo.com, pounsterlinglive.com
US Inflation Slows as Spending Stalls: Glimmers of Hope for Economic Outlook

Increase In (TSLA) Tesla Car Sales In China Sends The Share Price On A Rally

Rebecca Duthie Rebecca Duthie 09.06.2022 18:20
Summary: The Tesla share price spiked for its fourth straight advancement. Tesla share price spiked in the wake of increased sales in China for May The Tesla share price spiked for its fourth straight advancement in the wake of news that May sales in China rebounded and UBS had turned the stock to a buy. The Electric Vehicle giant's share price is trading 2% up on Thursday and had risen by 1.2% by market close on Wednesday. Although the share price is well below the 50-and 200-day moving averages. The news of the rebound in Tesla car sales came from the China Passenger Car Association. TSLA Price Chart Sources: finance.yahoo.com, investors.com
Altcoins: Axie Infinity (AXS), What Is It? - A Deeper Look Into The Axie Infinity Platform

Altcoins: Axie Infinity (AXS), What Is It? - A Deeper Look Into The Axie Infinity Platform

Rebecca Duthie Rebecca Duthie 09.06.2022 13:42
Summary: What is the Axie Infinity Platform and how does it work? Advantages of the Axie Infinity exchange. Axie Infinity’s past, present and future price positions. Read next: Altcoins: ZCash (ZEC), What Is It? - A Deeper Look Into The ZCash Platform  The Axie Infinity Platform Axie infinity is a trading battling game that is block-chain based and is partly owned and partly operated by its players. The Axie Infinity platform was inspired by popular games such as Tamagochi and Pokemon, and allows users to breed, raise, collect, battle and trade token-based creatures that are called Axies. The Axie Infinity platform is Ethereum based. These Axies can take various forms, and there are more than 500 different body parts that are available on the platform. Each different part comes with a different rarity scale, from common, rare, ultra-rare and legendary. Axies can have any combination of body parts, making them highly variable and often rare and unique. Each Axie is a non-fungible token (NFT) each with different strengths and attributes and can be entered into 3v3 battles with the winning team earning more experience (exp) points, these experience points can be used to level up the stats or evolve the body parts of an Axie. These Axie’s can be bred together to create new and unique offspring, which can either be used or sold in the Axie marketplace. The Axie Infinity ecosystem also has their own unique governance token called the Axie Infinity Shards (AXS). These AXS are used in key governance votes and allow users an opportunity to have a say in how the funds in the Community Treasury are spent. Axie Infinity Shards (AXS) Axie Infinity describes their Axie Infinity Shards (AXS) as “the glue that binds all Axie community members together. AXS holders are able to claim rewards if they stake their tokens, participate in key governance votes and play the game. Players are also able to earn $AXS when they play different games within the Axie Infinity universe and through user generated content initiatives. Axie infinity also allows staking, players are able to lock up their tokens to receive AXS that have been newly created. Stakers are also required to vote and play to claim rewards. AXS is also accepted as a form of payment within the Axie Infinity Marketplace. AXS may also be used to determine eligibility for sales/auction participation conducted by the Axie team. In early 2021, the community treasury went live, and began to receive revenues that were generated by Axie Infinity as well as a portion of staking rewards. This treasury is governed by the AXS stakers once the network has become decentralised sufficiently. Axie Infinity (AXS) has a current circulating supply of more than 63.5 million AXS, with a maximum supply of 270 million tokens. The current market capitalisation of AXS is more than $1.25 billion. Advantages of the Axie Infinity Platform Gameplay based on trading and battling: The Axie infinity game’s graphical user interface and its general appealing appearance and feel are actually quite simplistic. The play-to-earn feature gives it the upper hand and makes it an appealing game title. Players can earn the Ethereum-based tokens AXS by fighting or breeding Axies, which can then be exchanged into Ether and utilised as real-world money. Axies are NFT’s: When a player owns numerous Axies, it is the equivalent of he or she is effectively owning a collection of digital goods with real monetary worth. These Axies can be bought and sold on the open market. Complexity and future development: the game is difficult and is constantly being developed. Runs on Desktop and mobile operating systems, Axie Infinity is compatible with most desktop and mobile operating systems (Android and IOS). The video games cross-platform blockchain interoperability makes Axie Infinity accessible to a wide range of people, thus, allowing it to draw more players and extend future growth possibilities. Play-to-earn and the blockchain economy. Past, present and future prices for Axie Infinity (AXS) After the launch of the Axie Infinity network, the price took almost 6 months to take off, the spike in price that occurred in 2021 saw the price go above $125, and was followed by a gradual but substantial fall. Since then the price has not risen noticeably again. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Axie Infinity falls under this category. According to some analysts the future price of Axie Infinity (AXS) could reach up to $89 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. AXS Price Chart Sources: coinmarketcap.com, finance.yahoo.com, axieinfinity.com, cryptonewsz.com, analyticssteps.com
ECB press conference brings more fog than clarity

Strong Expectations For ECB To Hike Interest Rates Is Offering The Euro Support (EUR/USD, EUR/GBP), Hawkish RBA is Offering AUD Support (AUD/JPY), US Dollar Benefitted From AUD Risk Sensitivity (AUD/USD)

Rebecca Duthie Rebecca Duthie 09.06.2022 12:26
Summary: ECB announcement due on Thursday, analysts expect hawkish moves. Dovish BoJ causing the safe-haven asset to weaken. The market is reflecting bearish signals for the AUD/USD currency pair. Read next: Alibaba (BABA) Amongst US Listed Chinese Stocks That Have Seen Major Gains  ECB expected hawkish attitude supporting EUR The market is reflecting bullish signals for this currency pair. The highlight of the Thursday trading day for the foreign exchange markets is the European Central Banks (ECB) announcement. Over the past few weeks, members of the ECB have been stressing the need for interest rate hikes in July with the bank's president, Christine Lagarde saying the July hioke would likely be followed by a September hike. The strong expectations are offering the Euro support against the US Dollar. EUR/USD Price Chart Euro strengthens against the GBP The market is reflecting bullish signals for this currency pair. The Euro could strengthen further against the pound sterling if the European Central Bank (ECB) ends up turning hawkish as analysts expect. Over the past few weeks, members of the ECB have been stressing the need for interest rate hikes in July with the bank's president, Christine Lagarde saying the July hioke would likely be followed by a September hike. EUR/GBP Price Chart RBA hawkish vs BoJ dovish The market is reflecting bullish signals for this currency pair. The AUD/JPY currency pair is one of the more volatile currency pairs. The Australian Dollar has gained on the safe-haven Japanese Yen over the past week due to the Reserve Bank of Australia (RBA) turning hawkish and the Bank of Japan (BoJ) choosing to continue with monetary easing. AUD/JPY Price Chart US Dollar benefitted from AUD risk sensitivity The market is reflecting bearish signals for this currency pair. Inflation worries resurfaced on Wall Street, which drove US stocks lower, this sentiment may have a domino effect on the Asia-Pacific markets. The fall in sentiment weighted on the risk-sensitive Australian Dollar, thus benefiting the US Dollar in this currency pair. AUD/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Russia Look Set To Double Its Exports For The First Half Of 2023

Concerns Around Increasing Demand and Tightening Supply For Platinum, RBOB Gasoline, West Is Unlikely To Ease Sanctions On Russia Causing Wheat Supply Concerns Persist

Rebecca Duthie Rebecca Duthie 09.06.2022 11:39
Summary: Sanctions on Russia and protests in South Africa are causing problems for platinum exports. As shortage concerns continue, the price of wheat futures continue to rise. Read next: Coffee Supplies Remain Tight, Supply and Demand Concerns Are Easing For Palladium , WTI Crude Oil Nearing March High  Platinum faces a future of tight supplies Platinum futures rose above $1000 per tonne during the trading week, the highest price in over 2 months. The price rise comes in the wake of concerns around tight supplies and the demand recovery for the biggest platinum consumer, China. China’s platinum consumption is due to increase as the government lifts most of the Covid-19 health restrictions in Shanghai and announced support measures to help boost the economy. In addition, supply chain issues are persisting as the war in Eastern Europe continues and more sanctions are being placed on Russia, the top exporter of platinum. South Africa’s production of platinum is also set to fall amidst risks of extended strikes, as workers continue to protest for wage-negotiations. Platinum Jul ‘22 Futures Price Chart West unlikely to ease sanctions on Russia, wheat supply concerns persist As shortage concerns continue, the price of wheat futures continue to rise. The expectations of higher trading activity from Ukraine remained low as the west is unlikely to relax the sanctions on Russia, meaning Putin is unlikely to open Ukrainian ports and allow trade. Investors are remaining alert to any possible changes in India's export ban that was passed in May, following news that India’s government may allow exporters to ship some of the wheat that is currently stuck in cargos. Wheat Sep ‘22 Futures Price Chart RBOB Gasoline Prices of RBOB gasoline continue to rise as the concerns around energy supplies persist, globally. The continuing sanctions on Russia, is causing supply insecurity as the US enters into its summer driving season, driving demand up. RBOB Jul ‘22 Futures Price Chart Read next: (XAUUSD) Gold Should Be Bullish, NGAS Reaches Highest Price Since August 2008, Cotton Crop Planting Is Ahead Of Schedule  Sources: finance.yahoo.com, tradingeconomics.com
Nasdaq Closes At More Than 0.7 Loss, Potentially Hawkish SNB Offers Swiss Franc Support

Nasdaq Closes At More Than 0.7 Loss, Potentially Hawkish SNB Offers Swiss Franc Support

Rebecca Duthie Rebecca Duthie 08.06.2022 23:37
Summary: Swiss Franc holding its position against the EuroWorries of economic slowdown weigh on IXIC indexNasdaq Loses On WednesdayThe Nasdaq closed in the red on Wednesday over worries of an economic slowdown and what higher inflation might mean for the financial markets.The market seems to constantly be awaiting new information and the likelihood of this trend continuing until July is strengthening. July will be the next earnings season, where the market will gauge the earnings reports based on how companies are performing under the current economic conditions. IXIC Price ChartSwiss Franc supported by potential for hawkish SNBThe Swiss Franc has recovered against the US Dollar in comparison to the lows experienced by the USD/CHF currency pair in mid-May, at a time when the US Dollar was at its strongest. The Swiss Franc’s recovery comes in the wake of market expectations of a more hawkish Swiss National Bank (SNB). These hawkish expectations come from indications from policy makers that the SNB will increase its interest rates for the first time since the 2008 financial crisis.Sources: finance.yahoo.com, poundsterlinglive.com
"Global Steel Output Rises as Chinese Production Surges, Copper Market Remains in Deficit

Alibaba (BABA) Amongst US Listed Chinese Stocks That Have Seen Major Gains

Rebecca Duthie Rebecca Duthie 08.06.2022 18:33
Summary: US listed Chinese Stocks are going on their third day of price gains Read next: Coffee Supplies Remain Tight, Supply and Demand Concerns Are Easing For Palladium , WTI Crude Oil Nearing March High  Alibaba stock prices are jumping US listed Chinese Stocks are going on their third day of price gains. The recent wave of video game batch approvals, offering hope for Chinese tech stocks. This move from Chinese regulators shows a step in the direction of a softening stance towards internet firms. The Alibaba share price is up more than 10.5% as of Wednesday. The rise in stock price for Chinese tech stocks comes as a relief to the current market sentiment amidst US markets are gripped by the thought of higher interest rates. In addition, the easing of lockdowns in major cities in China mixed with a line of better-than-expected earnings results are also contributing to boosting investor risk sentiment. BABA Price Chart Sources: barrons.com, finance.yahoo.com, bloomberg.com
Altcoins: ZCash (ZEC), What Is It? - A Deeper Look Into The ZCash Platform

Altcoins: ZCash (ZEC), What Is It? - A Deeper Look Into The ZCash Platform

Rebecca Duthie Rebecca Duthie 08.06.2022 16:38
Summary: What is the ZCash Platform and how does it work? Advantages of the ZCash exchange. ZCash’s past, present and future price positions. Read next: Altcoins: NEM (XEM) What Is It? - A Deeper Look Into The NEM Platform  The ZCash Platform ZCash is a decentralised cryptocurrency that places its focus on anonymity and privacy. The ZCash exchange uses the zero-knowledge (zk-SNARK) proof of technology, which allows the nodes on the network to verify transactions without revealing any sensitive information regarding those transactions. Although making transactions on the ZCash platform still requires being relayed through a public blockchain, ZCash does not reveal the receiving and sending addresses or the amount being transacted. However, if desired by the user, this information can be revealed on request for auditing or regulatory compliance needs. ZCash was first released in October of 2016, and was originally based on the Bitcoins (BTC) codebase. ZCash has four types of transactions, Public (t-to-t): occurs between two transparent addresses. Shielding (t-to-z): occurs between a t-address(sender) and a z-address (receiver), transaction is private on the z-address but public on the t-address. Deshielding: (z-to-t): occurs from t-address to z-address, the transaction is private on the z-address but public on the t-address. Private (z-to-z): occurs between a t-address and a z-address, all aspects of the transaction are not visible to the public, only recording that a transaction did occur. All transactions of Zcash are recorded on the Zcash blockchain. Zcash can be purchased on cryptocurrency exchanges and stored in a Zcash wallet or any other regulated exchange crypto wallet. The current market valuation for ZEC is more than $1.325 billion, with a circulating supply of more than 14.5 million ZEC and a maximum supply of 21 million ZEC tokens. The funding of new ZECs is done through “block rewards”, this means that when a new block is mined, it is added to the end of the blockchain, thereafter, coins are minted and split in a 80:20 ratio, 20% into a founders reward and 80% into a miners reward. As the maximum limit of 21 million ZEC is being approached, the block reward is halved after every four years in an attempt to slow the issuance rate. ZCash uniqueness One of the main advantages of the ZCash platform is its optional anonymity, which gives ZCash a level of privacy that is unattainable with regular, pseudonymous cryptocurrencies, like Ethereum or Bitcoin. ZCash transactions can be sent in 2 ways, either shielded or transparent. The transparent transactions work in pretty much the same way as in Bitcoin, whose codebase ZCash was based on originally, the transactions are sent between public addresses and thereafter are recorded in a public ledger (the blockchain). All information that is essential is available online for anyone to see, this includes the amount that was sent and both the sending and receiving addresses. The transparent transactions don’t directly reveal user identities, the only identifiers an outsider to the platform are the public addresses. Shielded ZCash transactions leverage the zero-knowledge technology condensed non-interactive knowledge arguments, zk-SNARKs, this technology allows the anonymity of transactions over a public blockchain. The fact that the transaction has occurred is recorded in the ledger, but the amount, sending and receiving addresses are not revealed to the public. Therefore ZCash users can enjoy a decentralised, permissionless currency whilst maintaining their right to privacy. Advantages of the ZCash Platform Low-rate transactions. The anonymity of users’ transactions metadata. Selective disclosure of payment data to a third party. Transaction expiration. Multi-signature transactions Past, present and future prices of ZCash (ZEC) After the launch of the ZEC network, the price took off almost immediately, however, the spike in price was followed by a gradual but substantial fall. Since then the price took some time to rise again. The price began to rise again toward the middle of 2021 and spiked again during both the first and the second half of 2021, and has since seen quite a lot of volatility. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, ZCash falls under this category. According to some analysts the future price of ZEC could reach up to $520 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ZEC Price Chart Read next: Altcoins: Algorand (ALGO), What Is It? - A Deeper Look Into The Algorand Platform  Sources: finance.yahoo.com, coinmarketcap.com, cryptonewsz.com, corporatefinanceinstitute.com
Serious liquidity crisis? According to Franklin Templeton, a massive, but unlikely deposit flight from Credit Suisse would have to happen

ECB Interest Rate Announcement Due Tomorrow Offers Euro Support (EUR/USD, EUR/GBP), JPY Facing Negative Outlook (USD/JPY), Potential For A Hawkish SNB Offers CHF Support (USD/CHF)

Rebecca Duthie Rebecca Duthie 08.06.2022 16:22
Summary: Markets are becoming more optimistic around hopes of a more hawkish European Central Bank (ECB). Firmer oil prices adding to downward pressure on JPY. Strong market expectations of a more hawkish Swiss National Bank (SNB). Read next: DOW 30 Turbulent In The Wake Of Targets (TGT) Profit Warning, Japanese Yen Suffering From BoJ Monetary Easing  Euro holds steady The market is reflecting mixed signals for this currency pair. The markets are becoming more optimistic around hopes of a more hawkish European Central Bank (ECB) tomorrow after adding a couple more basis points to the yearly forecasts. There has been talk of a 50bps hike in July and rumors of a possible hike on Thursday, it is likely that the market could see a change in ECB tone which has allowed the Euro to remain resilient against the US Dollar. On Wednesday, the market opened with strong economic Q1 data for the eurozone. The euro did not react instantly to the release of this data, likely due to its delay. EUR/USD Price Chart Anticipation of ECBs announcement offers Euro support The market is reflecting mixed signals for this currency pair. The Euro has gained against the pound sterling ahead of the market awaiting the European Central Banks (ECB) interest rate announcement, which is due tomorrow. Earlier in the trading week the pound sterling rallied in response to the news of Boris Johnssons vote of no confidence. If the ECB announces an interest rate hike in July, the pound sterling currency could be under pressure against the Euro. EUR/GBP Price Chart Negative outlook for Japanese Yen is likely to continue The market is reflecting bullish signals for this currency pair. In addition to the Bank of Japan (BoJ) continuing its monetary easing, firmer oil prices have added to the downward pressure on the Japanese Yen and both of these factors will continue to add to the negative outlook for the safe-haven currency. USD/JPY Price Chart CHF holding its position in the market The market is reflecting bullish signals for this currency pair. The Swiss Franc has recovered against the US Dollar in comparison to the lows experienced in mid-May when the US Dollar was at its strongest, the recovery comes in the wake of market expectations of a more hawkish Swiss National Bank (SNB). the expectations come from indications from policy makers that the SNB will increase its interest rates for the first time since the 2008 financial crisis. USD/CHF Price Chart Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
What Did Support GDP? | Should Eurozone Worry!? Energy Prices May Weaken Production

Coffee Supplies Remain Tight, Supply and Demand Concerns Are Easing For Palladium , WTI Crude Oil Nearing March High

Rebecca Duthie Rebecca Duthie 08.06.2022 13:39
Summary: Markets await the US crude inventory report. Disappointing Brazilian coffee supplies. Expectations that the palladium market will close in balance at the end of 2022 Read next: (XAUUSD) Gold Should Be Bullish, NGAS Reaches Highest Price Since August 2008, Cotton Crop Planting Is Ahead Of Schedule  WTI Crude Oil prices rising as supplies tighten further On Wednesday, WTI Crude oil futures prices are nearing the near 14 year high that was hit in March, this price rise comes in the wake of expected increase in demand as China comes out of lockdowns, tight global supplies and the summer driving season in the US. The markets are also awaiting a report that will indicate the official US crude inventories, which is expected to have fallen, highlighting the tightness in crude supplies, globally. The CEO of global commodities trader, Trafigura said that the energy markets were in a “critical” state due to sanctions placed on Russian oil inlight of their invasion of the Ukraine which has just built on already tight supplies which were created by years of under-investment. WTI Crude Jul ‘22 Futures Price Chart Coffee prices volatile amidst changing supply and demand concerns Coffee futures prices hit a peak on June 1st amidst general real strength and concerns over tight supplies. Coffee dealers indicated to traders that the market is well supported by limited flow from Brazil and Central America, the top Brazilian grower lagging on its historical average. The concerns around coffee supplies and demand are driving the futures prices. Coffee Sep ‘22 Futures Price Chart Palladium prices are normalising Palladium prices have been falling consistently over the past week due to easing concerns around both demand and supply. The world's largest palladium producer, Nornickel, expects the palladium market to close in balance at the end of 2022. The company also promised they would continue producing in order to meet its obligations, despite logistic obstacles. In addition, global supply demand is expected to increase by only 3% in 2022 as Covid-19 lockdowns and continuing supply chain bottlenecks will likely delay recovery of chip supplies until at least 2023, thus undermining car production. Palladium Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
ECB's Knot: July Rate Hike Necessary, Beyond July Uncertain; Canadian CPI Supports Rates on Hold; Global Crypto Market at $1.2 Trillion; Oil Market Tightens with Russian Shipments Drop and China's Support Measures

DOW 30 Turbulent In The Wake Of Targets (TGT) Profit Warning, Japanese Yen Suffering From BoJ Monetary Easing

Rebecca Duthie Rebecca Duthie 07.06.2022 21:39
Summary: Dow 30 closes just above breakeven after a day of volatility. BoJ continues monetary easing. Read next: (AMZN) Amazon Stock Split Comes At A Bad Time  DOW 30 closes just above breakeven On Tuesday the Dow Jones experienced a lot of volatility, the mixed investor sentiment comes in the wake of retail giant Target giving the market a profit warning, which renewed investor concerns about the economic outlook. The Dow 30 is still in the green today as the index struggled to find a direction during Tuesday's trading session. The Dow closed just above breakeven on Tuesday. DJIA Price Chart Japanese Yen hits lows The Bank of Japan (BoJ) announced that they have no plans to tighten monetary policy to fight rising inflation, instead they will be continuing with monetary easing. This move has seemingly encouraged bearish sentiment for the safe-haven currency. The Governor indicated that the only way to fight the pressure the Japanese economy has been feeling from the income side in the wake of rising commodity prices is through monetary easing. This announcement put the USD/JPY currency pair almost at levels not seen since 1998. Sources: finance.yahoo.com, poundsterlinglive.com
Altcoins: NEM (XEM) What Is It? - A Deeper Look Into The NEM Platform

Altcoins: NEM (XEM) What Is It? - A Deeper Look Into The NEM Platform

Rebecca Duthie Rebecca Duthie 07.06.2022 17:54
Summary: What is the NEM Platform and how does it work? Advantages of the NEM exchange. NEM’s past, present and future price positions. Read next: Altcoins: Algorand (ALGO), What Is It? - A Deeper Look Into The Algorand Platform  The NEM Platform NEM or “New Economy Movement”, aims to provide a more efficient way to move blockchain assets and verify them for enterprise-level clientele. To this extent, the company functions as a sort of missing link between the public and private blockchains through connecting this network in ways that expand usability. Due to its unique business strategy and versatility, The NEM blockchain continuously sees growing interests. Using this new-era blockchain, it is easier for users to manage their assets and data. The blockchain has earned the nickname “Smart Asset Blockchain.” The NEM blockchain was launched in March of 2015. It was one of the more exploratory cryptocurrencies at the time, and aimed to improve on the inefficiencies of other blockchains at the time. NEM’s PoI consensus The NEM platform introduces a new consensus mechanism to the market, the Proof-of-Importance (PoI), this new consensus takes into account the time and amount of money users have invested in the NEM network. The Proof-of-Importance algorithm has the requirement that a user has more than 10,000 XEM vested in the system in order to generate new blocks. Users that are able to add new blocks to the NEM blockchain receive rewards and a portion of the transaction fees generated. The Proof-of-Importance network also rewards users for trading with other users in the NEM network. This information is taken by the Proof-of-Importance algorithm and is used to boost the users Proof-of-Importance score, every user has a PoI score, which is based on their overall participation and contribution. The Proof-of-Importance consensus mechanism has another crucial element attached to it, the harvesting protocol. This coding links the users accounts to an existing supernode, which are the backbone of the NEM system. Linked accounts allow these supernodes to utilize a strengthened Proof-of-Importance to increase the users’ chances of blockchain generation. Supernodes borrow a users Proof-of-Importance score linked to their account to complete blocks on the users behalf. This ensures the NEM remains secure without requiring all users to exert effort. Advantages of this harvesting protocol: Improved efficiency: Eigentrust++ is used by the NEM platform in order to maintain the reputational architecture of the Proof-of-Importance consensus. The protocol is able to monitor network nodes accurately to ensure only quality contributing nodes are part of the consensus system. The system removes any unused nodes on its own. Namespaces: NEM brings the concept of namespace into blockchain, which functions similarly to domain names that are on the internet, users are able to create and manage their own names on the NEM blockchain. This provides improved flexibility for both businesses and users. Multisignature transactions: this advantage is huge for the enterprise-level clientele. These users provide the admin with the ability to expand and monitor the network in order to meet the firm's needs. NEM makes it more simple for companies to monitor an accounts activity, create new tokens and control assets, such as XEM, from one account. Advantages of the NEM platform The platform is vital to mainstream adoption because it links some of the world's best blockchains. The firm’s focus is placed largely on large businesses which makes it an important cog in the gears of growth. The platform is packed with an API interface in order to maintain and keep agile and keep achieving market growth. The NEM users are able to customize how they allow the use and access of NEM. Open and self-scaling framework, which enables developers to distribute, trade cryptocurrencies through the NEM blockchain and create them easily. Past, present and future prices of NEM (XEM) After the launch of the NEM network, the price took off almost immediately, however, the spike in price was followed by a substantial fall. Since then the price took some time to rise again. The price began to rise again toward the end of 2020 and spiked again during the first half of 2021, however, has since fallen consistently to date. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, NEM falls under this category. According to some analysts the future price of XEM could reach up to $0.25 by 2026 and almost $1.26 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. XEM Price Chart Read next: Altcoins: Decentraland (MANA), What Is It? A Deeper Look Into The Decentraland Platform  Sources: finance.yahoo.com, cryptopolitan.com, securities.io, coinmarketcap.com, helsinkitimes.com
(AMZN) Amazon Stock Split Comes At A Bad Time

(AMZN) Amazon Stock Split Comes At A Bad Time

Rebecca Duthie Rebecca Duthie 07.06.2022 15:49
Summary:On Monday Amazon's 2-for-1 stock split is among the companies whose stocks have fallen.Amazon's stock split tanks prices Stock splits were popular at the start of 2022 amidst indices hitting almost record highs, Amazon announced a stock split in an attempt to make the share price more attractive to individual investors. However, the market has, on its own, fixed the issue of high prices. On Monday Amazon's 2-for-1 stock split is among the companies whose stocks have fallen since the stock split moves were announced amidst a broad market sell off that has been especially hard on the technology sector. AMZN Shares fell by almost 3% in New York after the split, and the price is still around 10% lower since reporting the plan in March. AMZN Share PriceSources: finance.yahoo.com
The Japanese Yen Retreats as USD/JPY Gains Momentum

ECB On Track To Hike Interest Rates In July (EUR/USD), (EUR/GBP), RBA Hikes Interest Rates (AUD/USD), EUR/CHF

Rebecca Duthie Rebecca Duthie 07.06.2022 15:19
Summary: Inflation reaches its highest level since the formation of the euro single currency. The pound sterling lost value to the Euro, US Dollar and other major currencies. RBA hikes interest rates. Read next: (XAUUSD) Gold Should Be Bullish, NGAS Reaches Highest Price Since August 2008, Cotton Crop Planting Is Ahead Of Schedule  ECB putting themselves under pressure The market is reflecting bearish signals for this currency pair. The European Central Bank (ECB) has repeated the message of ending their asset purchasing early in July, and will follow that with a 25 basis point hike in interest rates in the ECB meeting in July. By reiterating that they will stick to their timeline, the ECB has allowed themselves little flexibility to turn hawkish through tightening of monetary policy before July, despite inflation reaching its highest level since the euro was formed. The market awaits the ECB’s release of macroeconomic projections which will occur on Thursday. EUR/USD Price Chart Pound Sterling falls on Thursday The market is reflecting bullish sentiment for this currency pair. On Monday U.K Prime Minister Boris Johnsson won the vote of no confidence, inlight of this, the pound sterling lost value to the Euro, US Dollar and other major currencies. The pound sterling rallied on Monday in the wake of the news of Borris Johnssons vote of no confidence, some analysts drew the conclusion that the gain in the pound was linked to the prospects of a new leader whilst others said the outcome would not affect the market. EUR/GBP Price Chart AUD gains in the wake of RBA hikes The market is reflecting bearish signals for this currency pair. The Reserve Bank of Australia (RBA) showed the market that they are committed to the fight against inflation and turned hawkish by hiking interest rates by 0.5%. However, the gains felt in the wake of this decision for the AUD were short lived. AUD/USD Price Chart EUR/CHF The market is reflecting mixed signals for this currency pair. As risks for the Euro rise amidst rising inflation and the interest rate hikes from European Central Bank likely to only begin in July, the Euro has faced some mixed sentiment on Tuesday, making the safe-haven Swiss Franc more desirable. EUR/CHF Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
(XAUUSD) Gold Should Be Bullish, NGAS Reaches Highest Price Since August 2008, Cotton Crop Planting Is Ahead Of Schedule

(XAUUSD) Gold Should Be Bullish, NGAS Reaches Highest Price Since August 2008, Cotton Crop Planting Is Ahead Of Schedule

Rebecca Duthie Rebecca Duthie 07.06.2022 13:41
Summary: Gold prices rising amidst market uncertainty. Natural gas futures rose to their highest price since August 2008. Demand for cotton is softening due to inflationary pressures and rising prices. Read next: Saudi Arabia Hike Brent Crude Oil Prices, Demand For Safe-haven Assets Is Supporting Silver Prices, Corn Prices At 8 Week Low  XAUUSD expected to rise Gold prices rose during early trading on Tuesday, this rally is expected to last as projections of an economic slowdown pave the way for higher gold prices. A strong mix of talks of a global recession, decades-high inflation and geopolitical tensions should increase the demand for gold due to its safe-haven properties. The rise in gold comes after two days of declining prices thanks to a stronger US Dollar and rising treasury yields. XAUUSD Price Chart Natural Gas facing declining production On Tuesday Natural gas futures rose to their highest price since August 2008, this comes in the wake of higher international demand and declining production. As the northern hemisphere goes into summer, the need for cooling has strengthened which has been a driver for rising prices in the short term. On a global scale, the war in the Ukraine has caused a global energy shortage. The European Union is calling on the U.S to increase their exports to Europe to help lessen the region's reliance on Russian gas. NGAS Jul ‘22 Futures Price Chart Demand for Cotton softens Cotton prices have fallen amidst hopes of higher supplies due to favourable weather conditions in the top growing regions. Cotton crop planting is ahead of schedule giving hope around strengthening yields. In addition, it seems that demand for cotton is softening due to inflationary pressures and rising prices. Cotton Oct ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
S&P 500 Rose And Then Pulled Back, Despite Boris Johnson's Vote Of No-Confidence, GBP Remained Strong

S&P 500 Rose And Then Pulled Back, Despite Boris Johnson's Vote Of No-Confidence, GBP Remained Strong

Rebecca Duthie Rebecca Duthie 06.06.2022 20:55
Summary: Is positive investor sentiment returning to the markets? GBP bullish against USD Read next: (TWTR) Twitter Shares Tumble On Monday  S&P 500 sees gains and losses as the index tries to recover U.S stocks rose in early Monday trading but have since dropped again amidst the current uncertain economic outlook and the prospect of tighter monetary conditions. The S&P 500 closed low on Friday in a general market sell-off. The decline last week came in the wake of a stronger-than-expected job report for May that showed that job hiring slowed but still kept a strong tempo. The showing of labor market strength aligned with expectations for policy makers on track with monetary policy tightening. Monday's drop in equities comes as the U.S treasury yields benchmark topped 3% during Monday's session. GSPC Price Chart Pound Sterling remains strong On Monday the pound sterling traded strong despite that Monday evening bringing with it a vote of no-confidence for Prime Minister Boris Johnsson. Despite the vote of no confidence, the pound sterling has remained strong, indicating to the market that it will remain strong despite politics. The pound sterling is bullish against the US Dollar and is showing mixed signals when it comes to its other major counterparts such as the Euro and CHF. Sources: finance.yahoo.com, poundsterlinglive.com
RBA Governor Announces Major Changes at RBA Board as US Inflation Expected to Decline

Elon Musk Strikes Again!? (TWTR) Twitter Shares Tumble On Monday | Rebecca Duthie

Rebecca Duthie Rebecca Duthie 06.06.2022 17:27
Summary: Elon Musk's letter to Twitter executives. TWTR Share price fall. Read next: Euro Enters The Week Strong As The Market Awaits ECB Announcements Due Later This Week (EUR/USD, EUR/GBP, EUR/CHF), Focus On The RBA Announcement On Tuesday (GBP/AUD)  Musk requests more data regarding fake Twitter accounts. Musk claims that Twitter is blatantly refusing to comply with the merger agreement terms. Twitter's share price sank on Monday in the wake of Tesla CEO Elon Musk doubling-down on challenging Twitter to prove its data on fake accounts and spam. On Monday a Securities Exchange Commission (SEC) meeting was made public whereby Elon Musk indicated he sent a letter to the Twitter Executives in an attempt to gain more information regarding its methods of calculating that the company had 5% fake accounts. Immediately after the publication of this letter, TWTR share price fell 3.6%. TWTR Share Price Sources: finance.yahoo.com, thestreet.com
Altcoins: Algorand (ALGO), What Is It? - A Deeper Look Into The Algorand Platform

Altcoins: Algorand (ALGO), What Is It? - A Deeper Look Into The Algorand Platform

Rebecca Duthie Rebecca Duthie 06.06.2022 17:04
Summary: What is the Algorand Platform and how does it work? Advantages of the Algorand exchange. Algorand’s past, present and future price positions. Read next: Altcoins: Decentraland (MANA), What Is It? A Deeper Look Into The Decentraland Platform  Algorand Platform Algorand is a self-sustaining, decentralised, block-chain based network which supports many applications. The aforementioned systems are scalable, efficient and secure, all of which are critical for effective applications in the real world. In addition, Algorand supports computations that require reliable performance guarantees in order to create new forms of trust. Algorand claims to be the world’s most “decentralised, scalable, and secure blockchain infrastructure”. The Algorand platform is sustainable and is powering economic models of the future through generative NFT art (and everything that comes in between) and decentralised finance (DeFi). The Algorand platform is releasing scalability through the use of fusing TradFi and DeFi, and accelerating sustainability globally. Algorands mainnet went live in June 2019, and was able to process almost 1 million transactions per day as of December 2020. Algorand defines their mission as: creating global trust through the use of decentralisation, using simple designs that helps drive platform adoption and a platform that rids all barriers to prosperity for all. Algorand was created to improve efficiency and to speed up transactions, in response to the slower transaction times of Bitcoin and other blockchains. Algorand is designed with lower transaction fees and no mining, as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol. Algorand was the first ever permissionless proof-of-stake (PoS) protocol on the blockchain and its performance is nothing short of phenomenal. The platform is a smart contract platform that is similar to Ethereum, but has some key differences that make it more advantageous. Smart contracts allow economic disruptions and the creation of new business models across different industries with efficient and automated transactions and applications, allowing for a trustless execution of an agreement. ALGO is Algorands native token, it is also a cornerstone of its network structure. Another part of Algorand’s unique protocol design, the rewards that are paid to validators for producing blocks are paid to all ALGO holders, instead of only to the block producers. Thus, all ALGO coin holders can earn around 7.5% annual percentage yield from February 2021. There is currently a circulating supply of 6.9 billion ALGO, with a maximum supply of 10 billion. The current market capitalisation is more than $2.8 billion. Advantages of the Algorand platform Every token holder who has at least 1 ALGO token in their account can choose to participate, if they choose to participate they can be either randomly selected or selected to propose and add new blocks to the chain. The more one token holds, the more likely it is to be chosen to vote. If users wish to participate in a consensus, they only need to keep their ALGOs in their official wallets and declare their availability through a transaction, which is otherwise known as “Going Online” The proof-of-stake consensus used by Algorand and its advantages: makes it extremely safe due to the fact that a hacker is unable to see which block is beforehand, thus, making it impossible to trace and hack. It promotes decentralisation, due to it not needing any complex calculations, anyone is able to participate in the consensus process without needing any special equipment or high energy usage. The transaction takes around 5 seconds and has a fee of less than $0.001, it is both faster and cheaper than some other blockchains. Past, present and future prices of Algorand (ALGO) After the launch of the Algorand network, the price took off almost immediately, however, the spike in price was followed by a substantial fall. Since then the price took some time to rise again. The price rose substantially again towards the end of 2021 and peaked at the start of 2022, however, has since fallen consistently. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Algorand falls under this category. According to some analysts the future price of ALGO could reach up to $5.2 by 2026 and almost $30 by 2031. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ALGO Price Chart Read next: Altcoins: Uniswap Protocol (UNI), What Is it? - A Deeper Look Into The Uniswap Protocol  Sources: finance.yahoo.com, gemini.com, algorand.com, coinmarketcap.com
Crucial Upcoming PMI Data and High-Stake Meetings Shape China's Economic Landscape

Euro Enters The Week Strong As The Market Awaits ECB Announcements Due Later This Week (EUR/USD, EUR/GBP, EUR/CHF), Focus On The RBA Announcement On Tuesday (GBP/AUD)

Rebecca Duthie Rebecca Duthie 06.06.2022 15:22
Summary: ECB interest rate decision due to occur later this week. Confidence vote being held for Boris Johnsson later on Monday. Investor confidence could be returning to the markets. On Tuesday the Reserve Bank of Australian (RBA) is due to announce its decision regarding tightening of monetary policy. Read next: Altcoins: Decentraland (MANA), What Is It? A Deeper Look Into The Decentraland Platform  EUR strong entering the week On Monday market sentiment for this currency pair turned bearish. The Euro opened stronger on Monday as the market awaits the European Central Banks (ECB) interest rate decision, which is due to occur later this week. If the European Central Bank shows any signs of dovish intentions, the effects could be heavy on the Euro's downside, however, if a hawkish attitude is shown (which seems to be more likely), the upside effect on the euro may be minimal as the expected hike is already priced into the market. U.S CPI data is expected to close off this week, if there is another undershoot regarding the CPI data, it will just confirm that inflation has reached its peak and add to dovish pressure. EUR/USD Price Chart Both Euro and Pound sterling entered the week strong The market is reflecting mixed signals for this currency pair. As the market awaits the European Central Bank's (ECB) announcement regarding the decision for interest rates in July and September, the Euro entered the week strong. In addition, the pound sterling also entered the week strong despite a confidence vote being held this evening to determine Prime Minister Boris Johnssons future as leader. The pound sterling holding strength, shows its resilience to political tensions. EUR/GBP Price Chart EUR/CHF bullish The market is reflecting bullish signals for this currency pair. Amidst the expected announcements from the European Central Bank this week, the Euro has entered the week strong, even against the safe-haven Swiss Franc. During times of economic stress, investors normally turn to safe-haven assets, however investor confidence seems to be returning to the markets. EUR/CHF Price Chart RBA due to make an announcement The Australian Dollar entered its third week of gains this week in the wake of China’s easing of Covid-19 lockdowns and stronger than expected GDP data. However, on Tuesday the Reserve Bank of Australian (RBA) is due to announce its decision regarding tightening of monetary policy. The price of the GBP/AUD currency pair is sensitive to the price changes of the GBP/USD currency pair. GBP/AUD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

Saudi Arabia Hike Brent Crude Oil Prices, Demand For Safe-haven Assets Is Supporting Silver Prices, Corn Prices At 8 Week Lows

Rebecca Duthie Rebecca Duthie 06.06.2022 13:12
Summary: Saudi Arabia hiked their crude oil prices for July. Hopes of higher corn supplies thanks to hopeful USDA reports and easing trade restrictions between the major producers. Increased demand for Silver as a safe-haven asset drives the prices up. Read next: Saudi Arabia Indicates Plans To Increase Their Oil Output (EUR/USD), ECB Plans To Start Tightening Monetary Policy Still Set For July (EUR/GBP), (USD/JPY, USD/CHF)  Brent Crude oil prices surge as Saudi Arabia Increase prices On Monday Saudi Arabia hiked their crude oil prices for July, driving the price of Brent crude oil up to almost $121 per barrel. This move tightened global supplies even after OPEC+ agreed to increase its output at a faster pace in the coming months. The premium for the barrels heading to the U.S remained steady, whilst the premiums for the barrels heading for Asia and Northwest European countries were raised by Saudi Arabia. Despite OPEC+ promises to increase its output by 50% than previously planned, there are still doubts around whether or not they can meet the demand as member countries are struggling to meet the demand. The price rise and the demand and supply concerns are happening in the peak of the U.S driving season and increased demand as China comes out of its Covid-19 lockdowns, and their economy starts again. Brent Crude Oil Futures Price Chart Silver prices rise again The price of silver reached the highest in a month, this comes in the wake of increased demand for the safe-haven asset. The increased demand is being caused by continuing geopolitical tensions, inflation and persistent concerns around slowing global growth. Silver Jul ‘22 Price Chart Corn prices low Corn futures are trading at eight week lows on Monday amidst strong hopes of higher supplies thanks to hopeful USDA reports and easing trade restrictions between the major producers. With planting progress strong and expectations for exports to resume from the Ukraine, prices are dropping. In addition, Brazil and Beijing came to a conclusion regarding beginning exports from Brazil to China. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Altcoins: Decentraland (MANA), What Is It? A Deeper Look Into The Decentraland Platform

Altcoins: Decentraland (MANA), What Is It? A Deeper Look Into The Decentraland Platform

Rebecca Duthie Rebecca Duthie 03.06.2022 17:24
Summary: What is the Decentraland Platform and how does it work? Advantages of the Decentraland exchange. Decentraland’s past, present and future price positions. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM The Decentraland platform Decentraland defines itself as a virtual reality platform, it is powered by the Ethereum blockchain which allows its users to experience, create, and monetise applications and content. In this virtual world, users can buy plots of land and monetise them by navigating and building upon them. The Decentraland platform was launched in 2017 which came in the wake of a $24 million initial coin offering (ICO) and opened to the public in February 2020. Since the platform became available users have shown creativity by creating a wide range of on their plots of land using interactive experiences, including 3D scenes and interactive games. Decentraland was launched with the unique premise of offering users an entirely virtual world that they own, operate, and where they can trade. The platform is based on innovative blockchain architecture that uses virtual reality (VR) along with open-source technologies that empower its users. Decentraland uses two tokens, MANA and LAND. MANA is an ERC-20 token that requires being burned in order to gain non-fungible ERC-721 LAND tokens (NFTs). MANA tokens can be used by users to buy a range of wearables, avatars, names and more on the Decentraland marketplace. Key features and takeaways of Decentraland Decentraland is one of the top 100 cryptocurrencies in the world, and MANA, is one of the most popular cryptocurrencies in the market. Some of the features and key takeaways are: Re-create a free-market economy that is located in virtual space through the use of blockchain technology. The avatar passport is connected to a cryptocurrency wallet, however, it is not possible for users to upload 3D custom models as avatars on Decentraland. Users have the opportunity to build completed environments and scenes on the Decentraland platform, with the platform offering its users with a scene pool that contains various members' contributions. Tradeable real estate was one of the primary use cases for Decentraland. All items that are featured on Decentraland come with a pre-expiry date, therefore, are perishable. Decentraland’s Uniqueness The Decentraland platform was built to meet the needs of content creators, individuals and businesses who are looking for a new artistic medium, business opportunity or source of entertainment. The Decentraland gameword or the “Metaverse” is divided amongst 90,601 plots of LAND, each of which is represented by an ERC-721 non-fungible token. Each piece of land can be found in the metaverse using a specific coordinate. LAND holders are free to design their plots as they please, however, most of the Metaverse is divided into districts, each with a different theme and size. These districts were generated through individual crowdsales for the MANA tokens, and plots in this LAND are not tradeable. Decentraland is also one of the growing projects to use a decentralised autonomous organisation (DAO) governance decision structure. Therefore MANA token holders are in control of what happens in the Decentraland world through proposing and voting on policy changes, specifics on any LAND auctions and the type of content that is allowed with the Metaverse. In addition to being a creative outlet, often Decentraland users monetize their LAND through leasing, advertising and paid experiences. At the same time, other users generate an income by creating and selling items on the Decentraland marketplace in exchange for MANA tokens. Advantages of Decentralands Platform The Security Advisory Board (SAB) backs the Decentraland community governance. There is an option for users to auction NFTs and sell their LAND in exchange for MANA. Decentraland tokens have several use cases. The platform is being continually updated to ensure that there are new features being introduced to the protocol. Past, Present and Future Prices After the launch of the Decentraland network, the price took almost 3 years to take off, and has since risen quite substantially. The price rose substantially in the second half of 2021 and peaked at the start of 2022, however, has since fallen consistently. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Decentraland falls under this category. According to some analysts the future price of MANA could reach up to $22.9 by 2026 and almost $100 by 2031. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. MANA Price Chart Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Sources: finance.yahoo.com, capital.com, sashares.co.za, coinmarketcap.com, decentraland.org
This Week's Tesla Stock Split Could Be The Best Moment To Buy The Stock! Twitter Stock Price Plunged!

Elon Musk Plans To Cut Tesla (TSLA) Workforce Due To “Super Bad Feeling” About The Economy

Rebecca Duthie Rebecca Duthie 03.06.2022 17:01
Summary: Musk plans to cut Tesla workforce by 10% Tesla Stock fell on Friday On Friday the Tesla share price fell in the wake of Musk announcing plans to cut the electric-vehicle giant's workforce by 10% amidst having a “super bad feeling” about the economy. Causing the stock price to drop by 7.8% on Friday. Reports showed that Musk ordered a hiring freeze for Tesla across the globe, and believes it is necessary to reduce his workforce by 10%. Musk is not alone in his belief that a recession could become a reality, however, the influence Musk has is strong, and often recessions that are consumer-led can be self-fulfilled. TSLA Stock Price Sources: finance.yahoo.com, fool.com, investors.com
The EUR/USD Pair Showed Local Speculative Interest In Short Positions Yesterday

U.S Nonfarm Payroll data released on Friday exceeded market expectations | Rebecca Duthie

Rebecca Duthie Rebecca Duthie 03.06.2022 15:02
U.S Nonfarm Payroll data released on Friday exceeded market expectations despite the current concerns of a slowing U.S economy and continuous surging inflation  competing with strong consumer spending. The question going forward is how this data will affect the Federal reserves interest rate hike path. Despite the concerns around the US economy heading towards a recession, the labour market has remained resilient until now. 
Market Trends and Currency Positioning: USD Net Short Position, Euro and Pound Analysis - 22.08.2023

Saudi Arabia Indicates Plans To Increase Their Oil Output (EUR/USD), ECB Plans To Start Tightening Monetary Policy Still Set For July (EUR/GBP), (USD/JPY, USD/CHF)

Rebecca Duthie Rebecca Duthie 03.06.2022 13:37
Summary: OPECs plans to increase their oil output favours the Euro. ECBs window for tightening monetary policy seems to be narrowing. The market is reflecting mixed sentiment for the USD/CHF currency pair. Read next: The Euro Opened Strong On Wednesday Against The US Dollar (EUR/USD), Euro Could Continue Gaining On The GBP (EUR/GBP), Australia’s Trade Balance Beats Market Expectations (AUD/USD),   German PMI declined for the 3rd month in a row The market is reflecting bullish signals for this currency pair. The US Dollar weakened overnight in the wake of data that showed US payroll rose less than expected in May. The European Union finalised the ban on Russian seaborne oil, with the hope of reaching a 90% decline in imports by the end of 2022. Oil prices rose in the wake of this news, however OPEC indicated its plans to compensate their western allies for the oil lost through the embargo. In addition, the German PMI fell for the third consecutive month. EUR/USD Price Chart Post-lockdown growth is slowing in even the largest EU economy. The market is reflecting bullish signals for this currency pair. With German PMI declining for the third consecutive month, rising stagflation and a pessimistic economic outlook within the European Union. Hence, the European Central Banks (ECB) window for tightening monetary policy seems to be narrowing. Originally plans for increasing rates were to begin in the third quarter of this year, however, given the current circumstances, it could be justified to start earlier than originally planned. Although it may be justified, it is unlikely given the ECB president has tried to set out the EU monetary policy plan from the start, despite increased pressure. EUR/GBP Price Chart USD/CHF Reflecting mixed signals The market is reflecting mixed sentiment for this currency pair. The expectation for the month of June for this currency pair is bearish, the US Dollar may be weakening, however, this forecast is based on the trends of the past. With the Swiss National Bank (SNB) expected to turn hawkish and the fears of the US economy heading into a recession, perhaps the reality will be different from the forecast. USD/CHF Price Chart USD/JPY Pair As the US Dollar weakens, investors are turning to the Japanese Yen safe-haven asset. The market sentiment for this currency pair is reflecting bearish signals. USD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com
NASDAQ (IXIC) Rose During Thursday’s Trading Session, Eurozone Is Under Pressure Amidst Russian Oil Embargo Decisions (EUR)

NASDAQ (IXIC) Rose During Thursday’s Trading Session, Eurozone Is Under Pressure Amidst Russian Oil Embargo Decisions (EUR)

Rebecca Duthie Rebecca Duthie 03.06.2022 12:39
Summary: Market sentiment turns bullish, reflected in the NASDAQ price raise. The Eurozone is under pressureNASDAQ Rises The NASDAQ rose on Thursday in the wake of concerns over the economy and a poor market outlook from tech giant Microsoft (MSFT) affected market sentiment. The NASDAQ jumped more than 2.7% during Thursday's trading session. Favorable economic data has benefitted the NASDAQ. IXIC Price ChartEuro Still StrongOn Thursday the Euro is still strong as market participants remain confident in the European Central Banks (ECBs) tightening of monetary policy during the third quarter of the year. The Eurozone is under pressure in the wake of the Russian oil embargo with the possibility of Russia retaliating by potentially cutting off gas from the region, which may aggravate an already bad inflation situation and risk downside potential for the Euro. Sources: finance.yahoo.com, fxmag.com, poundsterlinglive.com
The Gold Rally Is Continuing To Stall, This Could Be A Good Year For Crude Oil

Demand For Safe-haven Assets Sends Gold Prices Rising, Saudi Arabia Indicates Plans To Increase Their Oil Output, Soybean Prices Are Volatile

Rebecca Duthie Rebecca Duthie 03.06.2022 12:37
Summary: On Friday the price of gold neared its one month high. Crude oil prices have jumped up and down over the past week. Supply may increase to meet demand. Read next: Wheat Prices Enter June On A Four Week Low Platinum Prices Rising Again, RBOB Gasoline Prices Reach New High  Gold prices rise again On Friday the price of gold neared its one month high. The price of gold has been elevated by the weakness of the US Dollar, putting gold on track for its third weekly gain. The dollar weakened overnight in the wake of data that showed US payroll rose less than expected in May. Therefore, U.S Dollar backed gold became more attractive to overseas buyers. The current geopolitical tensions and the chances of the global economy falling into a recession also increased demand for the safe-haven asset. XAUUSD Price Chart WTI Crude Oil prices. Crude oil prices have jumped up and down over the past week. The price has dropped slightly during trading on Friday in the wake of news that Saudi Arabia will increase its oil output. Saudi Arabia indicated to its allies in the West that it would increase its oil output to try to balance the fall the region is experiencing from its Russian oil embargo. WTI Crude Oil Price Chart Soybeans The price of soybeans have been volatile over the past two days. Late April saw Soybean prices hit record high prices amidst supply and demand concerns. A top palm oil producer based in Indonesia indicated that it would reinstate a requirement to allocate a certain amount to the domestic market as it lifts the most recent export embargo. However supply may increase to meet demand, however it will be tight. Soybeans Price Chart Read next: EU Reaches An Agreement On The Banning Of Russian Crude Oil, Coffee Prices Rise, Palladium Prices Decline Along With Supply Concerns  Sources: finance.yahoo.com, fxmag.com, tradingeconomics.com
(MSFT) Microsoft Stock News: Microsoft Changes Fourth Quarter Forecasts | Rebecca Duthie

(MSFT) Microsoft Stock News: Microsoft Changes Fourth Quarter Forecasts | Rebecca Duthie

Rebecca Duthie Rebecca Duthie 02.06.2022 20:19
Summary: MSFT reduced their forecasts. Raising prices in the international markets vs suffering falls in dollar-based-revenue. Microsoft chooses to suffer dollar-based-losses After updating their financial guidance for their fourth quarter Microsoft (MSFT) shares lost almost 0.1% of their value during Thursday's trading session. The tech giant announced that they would need to reduce its expectations for the fourth quarter due to changing foreign exchange rates, an issue that could become more common in affecting many companies going forward. The blame is on the US Dollar strengthening against many major currencies, which is affecting the cost of doing business abroad. The strong US dollar calls for Microsoft to make a decision between raising prices in the international markets or suffering falls in dollar-based-revenue. Microsoft has apparently chosen to suffer losses domestically, causing their forecasts to change. MSFT Price Chart Sources: finance.yahoo.com, fool.com
The Euro Opened Strong On Wednesday Against The US Dollar (EUR/USD), Euro Could Continue Gaining On The GBP (EUR/GBP), Australia’s Trade Balance Beats Market Expectations (AUD/USD), EUR/JPY

The Euro Opened Strong On Wednesday Against The US Dollar (EUR/USD), Euro Could Continue Gaining On The GBP (EUR/GBP), Australia’s Trade Balance Beats Market Expectations (AUD/USD), EUR/JPY

Rebecca Duthie Rebecca Duthie 02.06.2022 18:31
Summary: The euro opened strong on Wednesday in the wake of U.S treasury yields surging. Inflation for the eurozone hit record levels in April. The Australian Dollar has been unmoved by an outstanding trade balance that beat market expectations. EUR/JPY Read next: EuroZone Inflation Exceeds Market Expectations (EUR/USD) (EUR/GBP), New Zealand Economy Will Benefit From China’s Lockdown Easing (GBP/NZD), GBP Bullish (GBP/USD)  Euro and US Dollar The market is reflecting mixed market signals for this currency pair. The euro opened strong on Wednesday in the wake of U.S treasury yields surging. The U.S economic data that has been released this week has been strong, which has given the market confidence around the hiking cycle. This sentiment comes in contrast to last week's sentiment of an overconfident Federal Reserve. The eurozone is under pressure in the wake of the Russian oil embargo with the possibility of Russia retaliating by potentially cutting off gas from the region, which may aggravate an already bad inflation situation and risk downside potential for the euro. EUR/USD Price Chart Eurozone inflation hit record highs The market is reflecting mixed market signals for this currency pair. Inflation for the eurozone hit record levels in April, this means that it may be more likely that the European Central Bank (ECB) may implement a 50 basis point rate hike before the year-end. If this were to go through, it could underscore the Euro’s already steady rebound against the US Dollar and the Pound Sterling. EUR/GBP Price Chart Australian Dollar benefitting from a trade balance that beat expectations The market is reflecting bullish market signals for this currency pair. The Australian Dollar has been unmoved by an outstanding trade balance that beat market expectations. In addition, the Reserve Bank of Australia (RBA) published their commodity price index (CPI) that accounts for the composition of Australian commodity exports yesterday. AUD/USD Price Chart The Japanese Yen weakened The market is reflecting mixed market signals for this currency pair. The Japanese data revealed a jobless rate that exceeded market expectations, but retail sales stayed at 0.8% for April. The mood was then turned bad with a miss in industrial production. It was anticipated at -0.2% but came in at -1.3% for the month of April. The Japanese Yen weakened on this news as well as the higher oil price taking its toll on the energy importing economy. EUR/JPY Price Chart   Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Australia Is Expected To Produce A Bumper Year Of Crops

Wheat Prices Enter June On A Four Week Low Platinum Prices Rising Again, RBOB Gasoline Prices Reach New High

Rebecca Duthie Rebecca Duthie 02.06.2022 12:56
Summary: Wheat prices dropping as supply concerns ease. As China begins to lift covid-19 restrictions, demand for platinum is rising. RBOB gasoline prices rally in the wake of EU oil embargo. Read next: EU Reaches An Agreement On The Banning Of Russian Crude Oil, Coffee Prices Rise, Palladium Prices Decline Along With Supply Concerns  Wheat prices reach their lowest in four weeks Chicago wheat futures reached their lowest in four weeks on Thursday, as commodity traders carefully monitor the possible maritime trade corridors for Ukrainian wheat and fertilizers. The Russian president, Putin said that Russia was willing to open safe corridors to allow foreign ships to leave the both the Black Sea and the Sea of Azov ports, which would allow commercial shipping of Ukrainian grains after three months of war in the country, should western countries lift sanctions. In the United States there are higher projections for wheat in the future and in addition, the wheat prices remain supported thanks to India’s decision to impose a wheat embargo in an attempt to guarantee food security. Chicago Wheat Futures Price Chart Platinum Prices increased As China begins to re-open their economy after their covid-19 lockdown restrictions, the demand for platinum is increasing. Although the global outlook for metal use in car manufacturing will decline overall in 2022, concerns around supply and demand are still driving the price fluctuations of Platinum. Platinum Futures Price Chart RBOB gasoline RBOB Gasoline prices have risen to a new high at the start of the summer season. The latest rally comes in the wake of the European Union implementing a ban of seaborne oil imports from Russia, creating further concerns around supplies. RBOB Gasoline Futures Price Chart Read next: XAUUSD Prices Fall As The US Dollar Rebounds, Inflationary Pressures Driving Cotton Demand Down, NGAS Price Rising  Sources: finance.yahoo.com, tradingeconomics.com
Brent hits one-month high! Saudi and Russian cuts supporting recent moves

Meme Stocks: (GME) GameStop Stock News: Reported Wider Than Expected Losses | Rebecca Duthie

Rebecca Duthie Rebecca Duthie 02.06.2022 12:29
Summary: GameStop stocks rose, fell and then settled GameStop reported a net loss On Wednesday GameStop reported a wider-than-expected net loss for the first quarter, and declined to provide an outlook for the market. In the wake of the news, the stock rose, fell and settled at a level close to unchanged. GameStop reported a $158 million loss, or $2.08 per share loss. The speciality retailer is one of the most recognised names amongst the meme stocks. GameStops claims they are keeping their inventory levels high amidst increasing customer demand and supply chain worries. GameStop Price Chart Read next: S&P 500 Loses Tuesdays Gains, Australian Dollar Was Wednesdays Best Performing Currency  Sources: finance.yahoo.com, marketwatch.com
Supply Trends Resurface: Analyzing the Impact on Market Dynamics

S&P 500 Loses Tuesdays Gains, Australian Dollar Was Wednesdays Best Performing Currency

Rebecca Duthie Rebecca Duthie 01.06.2022 19:43
Summary: S&P 500 has lost more than 1% during the trading day. AUD outperformed USD on Wednesday. S&P 500 loses Tuesdays gains U.S stocks fell early on Wednesday in the wake of stronger-than-expected data from the U.S manufacturing sector. Since then, the S&P 500 has lost more than 1% during the trading day. The data released by the institute for supply management reflected that the U.S manufacturing sector grew faster than the market expected, another signal that the fears of the U.S economy going into a recession may be overblown. Following the manufacturing data release, the JPMorgan boss (Dimon) told Bernstein's Strategic Decisions Conference that the U.S. economy is facing a "hurricane" as the Fed continues its to try to normalise interest rates. GSPC Price Chart Australian Dollar benefits from favourable GDP data The Australian Dollar may have outperformed the US Dollar on Wednesday, but future policies from both the central banks could impact this currency pair. Reserve Bank of Australia (RBA) GDP data released on Wednesday exceeded market expectations, making it Wednesdays best performing currency. Read next: Russian Oil Embargo Decision Weighs on The Euro (EUR/USD, EUR/GBP), Australian GDP Data Released On Wednesday Exceeds Market Expectations (AUD/USD)  Sources: finance.yahoo.com, pounsterlinglive.com
Britain's Rishi Sunak And EU's Ursula Von Der Leyen Will Meet Today To Finalize The Northern Ireland Drama

Russian Oil Embargo Decision Weighs on The Euro (EUR/USD, EUR/GBP), Australian GDP Data Released On Wednesday Exceeds Market Expectations (AUD/USD), Pound Sterling Takes Advantage Of The Weaker USD (GBP/USD)

Rebecca Duthie Rebecca Duthie 01.06.2022 15:09
Summary: The Euro has lost slightly to the US Dollar on Wednesday. EUR/GBP reflecting bearish signals. AUD outperforms on Wednesday. Pound Sterling taking advantage of the weaker USD Expectations of a hawkish ECB remain Market sentiment for this currency pair is reflecting mixed signals. The Euro has lost slightly to the US Dollar on Wednesday in the wake of the European Union (EU) reaching a decision on the Russian oil embargo on Tuesday. The embargo has heightened investors' fears that there may be further downward growth in the eurozone. The EU PMI economic data released on Wednesday exceeded market expectations maintaining an expansionary stance. In addition, the expectation of a hawkish European Central Bank (ECB) turning hawkish in the third quarter of the year remains. EUR/USD Price Chart Investor sentiment towards the Euro has slipped The market sentiment for this currency pair is reflecting bearish signals. In the wake of the European Union reaching a decision regarding the Russian oil embargo, investor sentiment toward the euro has slipped. In conjunction, investor sentiment toward the pound sterling has strengthened. EUR/GBP Price Chart AUD is Wednesdays best performing currency Market sentiment is reflecting bullish signals for this currency pair. The Australian Dollar may have outperformed the US Dollar on Wednesday, but future policies from both the central banks could impact this currency pair. Reserve Bank of Australia (RBA) GDP data released on Wednesday exceeded market expectations, making it Wednesdays best performing currency. AUD/USD Price Chart Pound Sterling taking advantage of the weaker USD Market sentiment is reflecting bullish signals for this currency pair. The pound sterling has taken advantage of the weakening USD over the past couple weeks in the wake of recession concerns. GBP/USD Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
What Did Support GDP? | Should Eurozone Worry!? Energy Prices May Weaken Production

EU Reaches An Agreement On The Banning Of Russian Crude Oil, Coffee Prices Rise, Palladium Prices Decline Along With Supply Concerns

Rebecca Duthie Rebecca Duthie 01.06.2022 13:30
Summary: Crude Oil prices rise for sixth consecutive month. Coffee prices rise amidst supply concerns. Palladium prices fall along with demand Read next: XAUUSD Prices Fall As The US Dollar Rebounds, Inflationary Pressures Driving Cotton Demand Down, NGAS Price Rising  WTI Crude oil prices rise WTI Crude Oil enters the month of June going on their sixth consecutive month seeing price gains. The most recent gain comes in the wake of China’s easing of Covid-19 lockdown restrictions and the European Union's decision to partially ban Russian crude oil imports. The European Union has finally reached an agreement on the banning of Russian oil imports, the current decision ended with pipeline imports being allowed but seaborne imports being banned. This will cause some issues around supply, however, this most recent ban could pave the way for other crude oil producers to pump more crude into the markets. WTI Crude Oil Price Chart Coffee futures prices rising Coffee futures are trading at their highest price since mid April amidst a strong outlook for dryer conditions for the top producer in Brazil. The market has fears around a lower production in Brazil due to the continuation of La Niña, which reduces rainfall in Central-America. In addition, Colombian coffee exports slipped by 18% year to year. There were also signs pointing towards smaller global coffee supplies falling by 0.1%. Coffee Jul ‘22 Futures Price Chart Palladium Futures Palladium prices have fallen by almost 40% below their all time high of $3180 the reduction in price comes from a fall in concerns around supply and demand remains low. Global palladium demand is expected to increase by only 3% in 2022 as covid lockdowns and continuing supply chain bottlenecks will likely delay a recover in the chip supply until 2023 at the very least, undermining car production around the world.   Palladium Sep ‘22 Futures Price Chart Read next: (HPQ) HP Inc. Earnings Beat Market Expectations  Sources: finance.yahoo.com, tradingeconomics.com
What's The Difference Between Cryptocurrencies [Bitcoin (BTC), ETH, XRP] And Stocks? | Binance Academy

Altcoins: Uniswap Protocol (UNI), What Is it? - A Deeper Look Into The Uniswap Protocol

Rebecca Duthie Rebecca Duthie 01.06.2022 12:06
Summary: What is the Uniswap Protocol and how does it work? Advantages of the Uniswap exchange. Uniswap’s past, present and future price positions. Read next: Altcoins: What Is Avalanche (AVAX)? A Deeper Look Into The Avalanche Platform | Rebecca Duthie  Uniswap protocol Uniswap is an automated liquidity provider that operates on the Ethereum blockchain, Uniswap is also supposed to make it easier for users to exchange Ethereum (ERC-20) tokens. The Uniswap protocol does not have a central facilitator (intermediary) nor an orderbook, instead tokens are exchanged through liquidity pools that are defined by smart contracts. Uniswap is the largest decentralised exchange (DEX) on the Ethereum blockchain. It acts as a medium of exchange for people anywhere in the world wanting to trade cryptocurrencies without a need for an intermediary. UNI is Uniswaps governance token, owning these tokens allow users to vote on any key changes. Uniswap is also one of the largest cryptocurrencies on Coinbase, in terms of market capitalization. Uniswap was one of the first decentralised exchanges to gain any significant grip on Ethereum, and has remained one of the most popular ones. The current market capitalization of Uniswap is more than $4 billion, it has a maximum supply of 1 billion tokens and there are currently almost 719 million tokens currently in circulation. Uniswap is powered by the Automated Market Maker model, this works by users supplying Ethereum tokens to Uniswap’s liquidity pools, thereafter algorithms set market prices based on the laws of supply and demand. An Automated Market Maker model allows users to trade digital assets automatically and without permission through the use of liquidity pools instead of using a traditional market of buyers and sellers. By supplying tokens to the Uniswaps liquidity pools, users can earn rewards whilst simultaneously enabling peer-to-peer trading (users supply tokens to liquidity pools, create and list their own tokens or trade tokens). There are currently many tokens available on uniswap, and many are popular trading pairs, such as USDC. Security of Uniswaps protocol UNI is an ERC-20 token, which means it requires Ethereum to continue to function. ERC-20 defines a certain set of rules for tokens, as well as security considerations that are related mainly to the strength of the Ethereum network. Uniswap is secured by the Ethereum blockchain. Advantages of Uniswap protocol Self-governing: no funds are ever transferred to a third party, there is no counterparty risk because both parties are trading directly from their trading wallets. Global and permissionless: there are no restrictions or borders on who can trade on Uniswap. Anyone who has internet connection and a smartphone can participate. Thanks to its user-friendly design, the Uniswap platform is easy to use. No account sign up or personal details are required. It is possible to swap ERC-20 tokens on the Uniswap platform. It is fast to trade any digital assets compatible with Ethereum, and seeing as quite a few cryptocurrencies are created on Ethereum there are quite a few available for trading on this exchange. It is possible to earn interest on Uniswap by staking tokens, through staking cryptocurrencies into Uniswaps liquidity pools, users can become a liquidity provider. Uniwaps charges fees on each crypto trade, and distributes that fee amongst liquidity providers. Because to connect to Uniswap users need an Ethereum wallet, Uniswap indirectly offers cryptocurrency wallet support to all the wallets Ethereum supports. Factors that make Uniswap unique To enable community ownership over the Uniswap protocol in their path to complete the decentralisation process, Uniswap created the UNI token. In September of 2020, Uniswap released its UNI token, the token was released using a unique form of distribution, it “airdropped” 400 UNI tokens to each Ethereum address that had ever used the Uniswap protocol. Over 250,000 Ethereum addresses received the airdrop, which was worth almost $1,400 at the time. Buying Uniswaps UNI token Uniswaps UNI is available for trading on many of the larger exchanges against other cryptocurrencies, stablecoins, fiat currencies and more. Past, Present and future prices of UNI Since its launch in 2020, UNI has seen a lot of volatility. The first few months after launching, (beginning of 2021) the price began to rise, reaching above $40 per token by during the second quarter of 2021. Since its peak, the price of UNI has been on a steady trend downwards. It is now around the same level as when it launched. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, evidently, Uniswap falls under this category. According to some analysts the future price of UNI could reach up to $44 by 2027. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. UNI Price Chart Read next: Altcoins: Bitcoin Cash (BCH), What Is It - A Deeper Look Into Bitcoin Cash  Sources: finance.yahoo.com, coinmarketcap.com, coinbase.com, uniswap.org, fool.com, changelly.com
European Construction Markets: A Look at Poland, France, and Turkey's Prospects

(HPQ) HP Inc. Earnings Beat Market Expectations

Rebecca Duthie Rebecca Duthie 31.05.2022 22:30
Summary: HP second quarter earnings beats market expectations. Read next: (IXIC) NASDAQ Caught In Tuesdays Volatile Trading, New Zealand Dollar (NZD)  HP Earnings announcement on Tuesday In the wake of earnings data that beat market expectations, the HP share price rose. HP’s second quarter earnings data beat analysts profit forecasts, powered by steady sales of commercial computers as their customers continue to bring workers back to face-to-face working in the post-covid world. HP reported that profits rose 18% in the second quarter. The CEO of HP indicated that no data in their earnings suggest a future economic slowdown. Both net sales and diluted EPS exceeded wall street forecasts. HPQ Price Chart Sources: finance.yahoo.com
MSFT Stock Price Analysis: Bearish Signals Point to Potential Decline

(IXIC) NASDAQ Caught In Tuesdays Volatile Trading, New Zealand Dollar (NZD)

Rebecca Duthie Rebecca Duthie 31.05.2022 21:09
Summary: Volatile month for the US stock market. The easing of lockdowns will benefit not only China’s economy but economies that rely on China for trading, such as the NZD. Read next: EuroZone Inflation Exceeds Market Expectations (EUR/USD) (EUR/GBP), New Zealand Economy Will Benefit From China’s Lockdown Easing (GBP/NZD), GBP Bullish (GBP/USD)  The NASDAQ is reflecting the volatility of the financial markets. The NASDAQ is one of the indexes that has been caught in volatile trading on Tuesday. During trading on Tuesday, the NASDAQ turned positive, however, the positive turn was short-lived for the index. Despite managing to recover some of the losses seen this month, May has been a volatile month for the stock markets, concerns over decade-high inflation and fears that the hawkish Federal reserve’s moves to fight rising prices through raising interest rates may tip the US economy into a recession. NASDAQ Price Chart New Zealand Dollar The NZD benefitted of Monday in the wake of China’s easing of COVID-19 lockdowns, strengthening against the Pound Sterling and other currencies. The easing of lockdowns will benefit not only China’s economy but economies that rely on China for trading, New Zealand's economy is one of those who will benefit. The strengthening of China's Renminbi has also offered support to the NZD/USD currency pair, the US Dollar is struggling at the moment, and therefore, the recovery of the NZD has been noticeable. Sources: finance.yahoo.com, poundsterlinglive.com
Altcoins: What Is Avalanche (AVAX)? A Deeper Look Into The Avalanche Platform | Rebecca Duthie

Altcoins: What Is Avalanche (AVAX)? A Deeper Look Into The Avalanche Platform | Rebecca Duthie

Rebecca Duthie Rebecca Duthie 31.05.2022 16:06
Summary: What is the Avalanche Platform and how does it work? Advantages of the Avalanche exchange. Avalanche’s past, present and future price positions. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The Avalanche Platform The Avalanche platform is extremely fast, low-cost and eco-friendly. The Avalanche platform is an open, programmable smart contracts planform for decentralised applications (DApps). The Avalanche cryptocurrency rivals Ethereum, and its native token is AVAX. Avalanche prioritises transaction speed and scalability. In addition, the Avalanche network is a proof-of-stake (PoS) network. The Avalanche platform was officially launched in september of 2020. The platform is built across three chains: the C-chain (contract chain) which hosts Avalanches DeFi ecosystem, X-chain (exchange chain) and P-chain (platform). Through the launching of Ethereum's decentralised applications, (which confirm and instantly process thousands of transactions per second, which is far ahead of any decentralised platform today) it is possible to build fast, low-cost solidity-compatible dApps. Avalanche has a maximum supply of 720 million AVAX tokens, with more than 271 million in circulation currently. Avalanche’s current market capitalisation is around $7.25 billion. It is possible to launch private and public customised blockchains; these blockchains can be deployed to fit users own personal needs, dictate how the blockchain should operate and build their own virtual machines. Users are able to scale to millions of validators even through using minimal hardware. Users can lock-up or stake their AVAX to help process transactions and further secure their platform (the security guarantees are well above the 51% standard). The hardware required to join the platform likely exists on your devices already. The Avalanche platform has strong, rigid competitors such as Ethereum, the validators on the platform must stake 2,000 AVAX, careless or malicious validators do not get penalised on this platform. Avalanches native token, AVAX AVAX is used to secure the Avalanche network, to act as a basic unit of account amongst the blockchains in the Avalanche network and to pay transaction processing fees. Avalanches transaction fees are burnt. The AVAX token is used in staking (pledging crypto), to participate in the validation process and to help secure the blockchain. Factors that make Avalanche unique: The rate of coin creation: Avalanche users decide how fast new coins are created. The users control the rate of coin creation by means of voting to change the amount of AVAX that is rewarded to those users who add new blocks to the Avalanche blockchain. Transaction fee structure: the transaction processing costs change depending on the type of transaction and Avalanches network congestion at the time. All fees are burned (removed from circulation) to enable AVAX to become more scarce over time. The AVAX transaction fees are changeable due to the fact that Avalanche users vote on the fee. Consensus mechanism: the transactions made on the Avalanche blockchain are confirmed through the use of a unique method that requires many small, random subsets of network participants in order to confirm transactions before they are finalised. Participation incentives: both high uptime and fast responses can boost the amount of AVAX rewards that a network participant can earn for processing AVAX transactions. Advantages of Avalanches platform: Fast transaction processing time. Reward structure incentivises participation. The avalanche platform is capable of supporting many blockchain-based projects. The randomness of the consensus mechanism makes it a secure cryptocurrency. Avalanche claims that its platform supports stronger safety measures, therefore making the blockchain less vulnerable than other blockchains. Where to buy AVAX There are currently many top exchanges where users can obtain AVAX, such as Binance, OKX, CoinTiger and FTX. Past, present and future prices of Avalanche After the launch of the Avalanche network, the price took a few months to take off, and has since seen quite a lot of volatility. The price rose substantially in the second half of 2021 but has since fallen consistently. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Avalanche falls under this category. According to some analysts the future price of AVAX could reach up to $268 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. AVAX Price Chart Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM Sources: cryptonewsz.com, finance.yahoo.com, coindesk.com, investopedia.com, avax.network
Economic Calendar For July 21st. EUR/USD And GBP/USD - Trading Ideas

EuroZone Inflation Exceeds Market Expectations (EUR/USD) (EUR/GBP), New Zealand Economy Will Benefit From China’s Lockdown Easing (GBP/NZD), GBP Bullish (GBP/USD)

Rebecca Duthie Rebecca Duthie 31.05.2022 14:39
Summary: Euro Zone inflation rose to 8.1% in May. Both the BoE and the ECB are expected to tighten monetary policy. The easing of lockdowns will benefit not only China’s economy but economies that rely on China for trading. The GBP may continue its strengthening streak against the USD going into the third quarter of this year. Read next:Strong Investor Sentiment Toward The Euro Continues (EUR/USD), EUR/GBP Currency Pair, As China Ease Lockdowns The AUD Outlook Seems Positive (GBP/AUD, AUD/USD)  EUR/USD maintains bullish sentiment Market sentiment is reflecting bullish signals for this currency pair. Euro Zone inflation rose to 8.1% in May, this rate is around 0.4% higher than expectations, which reaffirms the European Central Banks (ECBs) case for tightening monetary policy in quarter 3. The risk of slower growth is a reality, which may favour the US Dollar going forward. Whether the current strength in the Euro against the USD is going to continue may depend on which economy slows faster, the ECBs interest rate hike and the war in the Ukraine. EUR/USD Price Chart EUR/GBP reflecting mixed market sentiment The market sentiment for this currency pair is reflecting mixed signals. There have been concerns about the UK economic outlook which have grown in response to rising inflation, which can be mainly attributed to rising energy prices. The Bank of England (BoE) is still expected to continue raising interest rates. In addition, the European Central Bank (ECB) is expected to tighten monetary policy which is instilling confidence in the Euro. EUR/GBP Price Chart NZD to benefit from China's strengthening economy The NZD benefitted of Monday in the wake of China’s easing of COVID-19 lockdowns, strengthening against the Pound Sterling. The easing of lockdowns will benefit not only China’s economy but economies that rely on China for trading, New Zealand's economy is one of those who will benefit. GBP/NZD Price Chart US Dollar taking hits on the forex markets The market is reflecting bullish signals for this currency pair. Seasonal factors may be able to aid the GBP continue to strengthen against the US Dollar. The recent macroeconomic data that has been released has been underwhelming for the market and therefore the US Dollar has taken a hit, in addition the market expectations of the Fed to slow or stop tightening monetary policy is also affecting the US Dollar negatively. The GBP may continue its strengthening streak against the USD going into the third quarter of this year. GBP/NZD Price Chart Read next: S&P 500 Sees Good Start To The Week, UK Economy Not Performing As Well As Its Major Economy Counter Parts  Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

XAUUSD Prices Fall As The US Dollar Rebounds, Inflationary Pressures Driving Cotton Demand Down, NGAS Price Rising

Rebecca Duthie Rebecca Duthie 31.05.2022 12:29
Summary: The US Dollar’s rebound and stronger treasury yields have caused the price of gold to fall. Cotton prices are falling due to decreasing demand and improved supplies. NGAS on the rise again. Read next: Some EU Governments Are Still In Favour Of Banning Russian Brent Crude Oil, Investors Turning To Silver As Demand For Safe-Haven Assets Rise, Corn Prices Fall Amidst Easing Supply   XAUUSD price coming down off its recent recovery Gold prices began to rise late last week and on Monday, however, on Tuesday Gold prices fell in the wake of the US Dollar rebounding and stronger US Treasury yields. Gold has recovered some of the losses it faced earlier on in May due to the surging US Dollar. Concerns around a global recession and the chance of the Fed slowing or even stopping tightening monetary policy later on in the year has offered the precious metal some support. Gold Aug ‘22 Futures Price Chart Cotton prices falling due to lessening supply concerns Cotton prices are trading around 10% less than their May high, this is due to the prospect of higher supplies thanks to favourable weather in the largest growing regions. More than half of the crop had been planted by May 22nd and was ahead of schedule by this time, therefore offering hope for solid yields. In conjunction, demand for cotton seems to be weakening amidst inflationary pressures. Cotton Jul’22 Futures Price Chart Natural Gas Futures prices Natural Gas prices continue to rise, reaching closer to the peak hit last week. The near 14 year high for Natural Gas came with increased demand and concerns around supply, the price fluctuations are due to decreased demand as the weather changes, robust demand and slow output. NGAS Jul ‘22 Futures Price Chart Read next: Strong Investor Sentiment Toward The Euro Continues (EUR/USD), EUR/GBP Currency Pair, As China Ease Lockdowns The AUD Outlook Seems Positive (GBP/AUD, AUD/USD)  Sources: tradingeconomics.com, finance.yahoo.com
Financial World in a Turbulent Dance: Lego, Gold, and Market Mysteries

Alibaba (BABA) Share Price Rises As Lockdowns Ease In China

Rebecca Duthie Rebecca Duthie 30.05.2022 20:39
Summary: Alibaba and other Chinese based companies may be able to return to normal production levels. BABA stocks to benefit as lockdowns in China continue to ease Although the US Stock markets are closed on Monday due to memorial day celebrations, Alibaba Share price has risen in the wake of China beginning to re-open after Covid-19 lockdowns. The lockdowns in China had taken a toll on many Chinese based companies due to slowing production, however, the easing of the lockdowns means that companies like Alibaba have a chance to start speeding up their production. Currently, according to a source on finance.yahoo.com, the shares of Alibaba are fairly priced at the moment. BABA Price Chart Read next: S&P 500 Sees Good Start To The Week, UK Economy Not Performing As Well As Its Major Economy Counter Parts  Sources: finance.yahoo.com
Unlocking the Future: Key UK Wage Data and September BoE Rate Hike Prospects

S&P 500 Sees Good Start To The Week, UK Economy Not Performing As Well As Its Major Economy Counter Parts

Rebecca Duthie Rebecca Duthie 30.05.2022 20:23
Summary: S&P 500 makes up for May losses. The Pound sterling hasn't had a great run lately especially because the UK economy isn't performing as well as its major economy counter-parts. Read next: Strong Investor Sentiment Toward The Euro Continues (EUR/USD), EUR/GBP Currency Pair, As China Ease Lockdowns The AUD Outlook Seems Positive (GBP/AUD, AUD/USD)  The S&P 500 gained almost 2.5% on Monday On Monday the S&P 500 gained back its May losses and broke its seven week losing streak, as institutional investors chose to balance their portfolios again to the end of the month. Luxury stocks seemed to be the top performers today in the wake of improved investor sentiment as China begins easing lockdowns. GSPC Price Chart Pound Sterling under pressure As the cost of borrowing increases, a cost-of-living crisis, the reality of lower productivity and inflation at 40 year highs, all of these factors mentioned are putting the Pound sterling under pressure. The reality of a looming recession keeping investors on their toes. A source on bloomberg predicts that the UK economy could shrink by 0.4% this quarter. The Pound sterling hasn't had a great run lately especially because the UK economy isn't performing as well as its major economy counter-parts. Sources: investors.com, bloomberg.com, finance.yahoo.com
Fed's Bowman Highlights Potential for More Rate Hikes; German Industrial Production Dips to 6-Month Low

Strong Investor Sentiment Toward The Euro Continues (EUR/USD), EUR/GBP Currency Pair, As China Ease Lockdowns The AUD Outlook Seems Positive (GBP/AUD, AUD/USD)

Rebecca Duthie Rebecca Duthie 30.05.2022 16:37
Summary: Expectations for the ECB to raise interest rates grow. GBP doing well in the wake of HM Treasury’s Thursday announcement of the stimulus package. As China eases lockdowns, the AUD strengthens. Read next (COST) (Retail Stores) Costco Stock Beats Market Expectations  Euro still gaining on the US Dollar Market sentiment for this currency pair is reflecting bullish signals. The current combination of a strong Euro and a weak US Dollar is giving room for the Euro to bounce back to a level almost equal to that of 5 weeks ago. The market expectations for the European Central Bank (ECB) to raise interest rates have been growing over the past few weeks, whilst the expectations for the US Dollar have weakened as market price out some of the Feds hawkish decisions. EUR/USD Price Chart Market sentiment toward the Pound Sterling remains strong Market sentiment for this currency pair is reflecting bearish signals. On Tuesday, Eurostat is expected to release their estimate for May inflation, which could have an impact on the Euro. The move made late last week by HM treasury to implement a stimulus package to struggling households has the markets favouring the Pound Sterling over the EURO. EUR/GBP Price Chart Australian Dollar benefitting from the opening Chinese economy The Australian Dollar is performing well against the Pound Sterling amidst China continuing with the phased re-opening of the economy in the wake of its most recent Covid-19 lockdowns. It is well known that what is good for the Chinese economy is normally good for the Australian Dollar. If the global economic outlook continues to improve (especially in China), the AUD could outperform. GBP/AUD Price Chart AUD/USD reflecting mixed market signals The market is reflecting mixed market sentiment signals. The Australian Dollar is strengthening as the Chinese economy outlook seems positive in conjunction with the weakening US Dollar, giving the AUD a chance to strengthen against the USD. AUD/USD Price Chart Sources: finance.yahoo.com, dailyfx.com
Powell signals Fed needs to be nimble, Canada Inflation hits near 40-year high, bitcoin tries to hold USD20k

Some EU Governments Are Still In Favour Of Banning Russian Brent Crude Oil, Investors Turning To Silver As Demand For Safe-Haven Assets Rise, Corn Prices Fall Amidst Easing Supply Concers

Rebecca Duthie Rebecca Duthie 30.05.2022 15:52
Summary: Lockdowns in China ease causing demand for Brent Crude to rise. Silver prices increase as market participants seek safe-haven assets. Supply concerns around corn are easing. read next (XAUUSD) Gold Prices Rose For Second Consecutive Week, Concerns Around Crude Oil Supply Continues To Drive Price, Soybean Prices Rising  Brent Crude Oil prices continue to rise The combination of Beijing and Shanghai beginning to come out of Covid-19 restrictions over the weekend and the ongoing European discussions regarding banning crude oil imports from Russia are causing concerns around supply to tighten. On Monday and Tuesday an EU governments will use a summit to continue to argue in favour of an embargo on Russian crude. The prices of Crude oil are going into their sixth straight month of gains amidst the supply concerns, as demand begins to rise back up to pre-pandemic levels. Brent Crude Oil Price Chart Silver prices are still on the rise A weaker US Dollar continues to give room for the price of silver to rise. Amidst continuing geopolitical tensions and growing concerns regarding slower global growth, investors are turning more towards safe-haven assets. Silver is considered to be a hedge against inflation, the Fed is still expected to tighten monetary policy by raising interest rates further at their next two meetings. Silver Jul ‘22 Futures Prices Corn prices are falling The price of corn futures fell late in May, to the lowest value in almost six weeks amidst expectations of higher supply and the easing of trading restrictions between major producers. Beijing and Brazil reached an agreement to begin corn exports from Brazil to China, after years of talks. In addition, actual planting of corn exceeded market expectations. The easing of supply concerns is slowly driving the price of corn futures down. Corn Jul ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Cryptocurrency market: Bitcoin Cash - what could a valid breakdown below 95.15 mean?

Altcoins: Bitcoin Cash (BCH), What Is It - A Deeper Look Into Bitcoin Cash

Rebecca Duthie Rebecca Duthie 30.05.2022 15:25
Summary: What is the Bitcoin Cash Platform and how does it work? Advantages of the Bitcoin Cash exchange. Bitcoin Cash’s past, present and future price positions. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM Bitcoin Cash Platform Bitcoin Cash (BCH) is an extension of the Bitcoin (BTC) cryptocurrency and was created as a way to get around some of Bitcoins flaws, it was launched in August 2017. Anybody who held Bitcoin (BTC) at the time of Bitcoin Cash’s launch, received BCH. Both platforms are run mainly on the framework, proof-of-work (PoW), and make use of nodes to verify transactions. The main differentiating characteristic between Bitcoin Cash and Bitcoin is the blocksize. The blocks in the Bitcoin Cash blockchain can be larger, this means that more Bitcoins can be processed at a time, therefore the additional space aids in avoidance of higher fees. Bitcoin Cash has a maximum supply of 21 million tokes, a market capitalisation of more than $3.5 billion and a current circulating supply of just over 18.5 million tokens.   Bitcoin Cash offers peer-to-peer electronic cash. The Bitcoin Cash platform brings safe money to the world, which fulfils the original promise of Bitcoin as “Peer-To-Peer Electronic Cash”. Through reliable confirmations and low fees, traders feel empowered. The future of Bitcoin Cash looks bright with its permissionless innovation, global adoption, unrestricted growth and its decentralised development. Benefits of the BCH platfrom Bitcoin Cash offers more anonymity and privacy than mainstream platforms such as banks and credit cards etc. it is almost impossible to discover who controls a Bitcoin address. Bitcoin Cash supports token protocols that are able to power a wide diversity of projects and makes it easy for users to create their own token backed projects. Bitcoin Cash supports worldwide freedom thanks to its permissionless open network. Bitcoin Cash users are empowered to speak with other real people without being interrupted. In addition the platform is decentralised, non-aggressive and voluntary. Decentralised finance (DeFi) applications are supported by the SmartBCH, which is a high performing EVM and Web3 compatible sidechains. A growing number of NFT projects and decentralised exchanges are included in this. Advantages of the Bitcoin Cash platform The Bitcoin Cash platform is extremely fast, transactions happen in seconds and get confirmed within minutes. Reliable, the Bitcoin Cash platform runs without problems or backlogs. The fees to send money both locally and to anywhere in the world using the Bitcoin Cash platform are extremely low. The Bitcoin Cash platform is extremely user friendly with no limits on transaction sizes and without the need for permission. The stability of the Bitcoin Cash platform has been a proven store of value. The Bitcoin Cash platform has been proven to be one of the worlds most robust blockchain technologies. The Bitcoin Cash platform is available to its users 24 hours per day 365 days per year. Users are their own bank and have full control over their money. Bitcoin Cash gives users full sovereign control over their funds, which are accessible from anywhere in the world. Bitcoin Cash has their own currency which has a fixed supply of 21 million tokens, this represents sound money. Many merchants offer discounts for paying with Bitcoin Cash due to the fact that it eliminates credit card fees and helps to expand adoption of this new system. Merchants also have certain benefits: Very low fees, the fees for transacting Bitcoin Cash are super low, in addition, the fees for going through merchants to exchange Bitcoin Cash for fiat currency are also lower than more traditional methods of doing this. There are no chargebacks for merchants, fraud protection is built into the Bitcoin Cash system, with no extra charge for the merchants. As Bitcoin Cash becomes increasingly popular, users often favour merchants who allow Bitcoin Cash payments and sometimes seek them out, Free press and marketing. Past, Present and future prices of BCH In the past, the price of Bitcoin Cash reacted to mining and rival coins and made BCH spike hugely. Many market participants began to see Bitcoin Cash as a rival currency instead of a fork of Bitcoin. After the spike, the price has fallen consistently, until seeing a rise in the price in the first half of 2021. Over the past month, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price has been falling. According to some analysts, the price of Bitcoin Cash is expected to increase to more than $905 by 2026. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. Bitcoin Cash Price Chart Read next: Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA) | FXMAG.COM Sources: finance.yahoo.com, bitcoincash.org, coinmarketcap.com, cryptonewsz.com
The Japanese Yen Retreats as USD/JPY Gains Momentum

Dow Jones Enters The Weekend On A High, Pound Sterling Strengthens

Rebecca Duthie Rebecca Duthie 30.05.2022 12:00
Summary: Dow Jones industrial gains on Friday. GBP reacts well to Sunak’s stimulus package Read next: (COST) Costco Beats Market Expectations  DJIA sees relief on Friday The Dow 30 rose on Friday as signs of peaking inflation and consumer resilience instilled investor confidence entering the long weekend, backing positive attitudes towards tightening monetary policy. Investors may be leaning toward the Fed tightening monetary policy without tipping the US economy into a recession. The Dow Jones benefited from this market sentiment. Data released on Friday indicated that consumer spending exceeded market expectations and drove the DJIA upwards, which drove investor confidence higher. DJIA Price Chart Pound Sterling reacts well to Sunak’s announcement The GBP may have stabilised in the wake of Sunak´s announcement of a stimulus package, however, concerns that the UK economy is heading into a recession still looms. The stimulus to try and save the UK economy may be short lived, what the greater impact will be on the UK economy is still a concern going forward. Sources: finance.yahoo.com, poundsterlinglive.com
USD/JPY Weekly Review: Strong Dollar and Yen's Resilience in G10 Currencies

(COST) (Retail Stores) Costco Stock Beats Market Expectations | Rebecca Duthie

Rebecca Duthie Rebecca Duthie 30.05.2022 11:44
Summary: Costco retailers beat the market's expectations for their Q3 results. Main revenues coming from increased memberships. Read next: Market Expectations For ECB To Hike Interest Rates Grow (EUR/USD), Sunak’s Move To Stimulate The UK Economy Offers GBP Support(EUR/GBP), Weaker USD boosts AUD (AUD/USD)  Costco retailers memberships rise Costco retailers grossed nearly $1 billion in new membership fees, which aided in the bulk retailer beating market expectations. The Third quarter earnings posted by Costco were, for the most part, inline with the Wall Street forecasts as the retailer used its cheaper members-only gas sales to bring in new customers in the current challenging economic environment. Group revenues, diluted earnings per share and membership revenues all rose. There are still concerns around pressures coming from high commodity prices, higher transportation cost, supply chains and higher wages. Costco Price Chart Sources finance.yahoo.com, thestreet.com
JPY: Assessing the FX Intervention Zone and Market Conditions

Market Expectations For ECB To Hike Interest Rates Grow (EUR/USD), Sunak’s Move To Stimulate The UK Economy Offers GBP Support(EUR/GBP), Weaker USD boosts AUD (AUD/USD), USD/JPY)

Rebecca Duthie Rebecca Duthie 27.05.2022 15:51
Summary: Euro strengthening against the USD as market expectations for rising interest rates grow. GBP strengthened on Friday. Too soon to assume bearish USD sentiment. Read next: FTSE 100 Index Rises Thanks To Shell and BP Stocks, British Pound (GBP) Weakens After Thursday Morning Strengthen  ECB interest rate expectations offer EUR support The market is reflecting bullish signals for this currency pair. The Euro has been strengthening recently due to growing expectations of the European Central Bank rising the interest rates. The market is now anticipating a 100bp hike in the rates starting in July. At this point in time it is difficult to assume that the US Dollar will remain weak. The market has seen expectations of Fed interest rate hikes decrease, however, the increasing inflation seems to be keeping the Fed on track whilst tensions in China and between Russia and the Ukraine continue. EUR/USD Price Chart Sunak’s giveaway offers support to GBP The market is reflecting mixed market sentiment for this currency pair. On Thursday Rishi Sunak announced that the UK government would be giving GBP15 billion to UK households in an attempt to boost consumer attitudes. On Friday the Pound Sterling strengthened against the euro as the move offered GBP support, in addition UK consumers are instilled with more confidence in spending. In addition, the windfall tax that was implemented against oil companies has also offered GBP support. EUR/GBP Price Chart AUD is boosted by weaker USD Market sentiment for this currency pair is reflecting bullish signals. Investor confidence in the Australian Dollar comes from a combination of a recovery in risk assets and weaker US Dollar in the wake of a Fed member hinting that there could be a pause in tightening monetary policy in September. AUD/USD Price Chart JPY underperforms The market sentiment for this currency pair is reflecting bullish signals. Both the US Dollar and Japanese Yen were market underperformers during the Asian session. The US Dollar is, however, outperforming the Yen. USD/JPY Price Chart Read next: FOMC Meeting Minutes Offer Support To The US Dollar (EUR/USD), Improved Market Attitude Favoured The GBP On Thursday (EUR/GBP, GBP/USD), Market Awaits RBA Monetary Policy  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Altcoins: Tezos (XTZ) What Is It? - A Deeper Look Into The Tezos Platform

Altcoins: Tezos (XTZ) What Is It? - A Deeper Look Into The Tezos Platform

Rebecca Duthie Rebecca Duthie 27.05.2022 14:20
Summary: What is the Tesoz Platform and how does it work? Advantages of the Tesoz exchange. Tesoz’s past, present and future price positions. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM Tezos Platform Tezos platform is an open-source platform that tries to fix the main barriers that are facing blockchain adoption for assets and applications. Tezos is backed by validators, builders and researchers from a global community. Tezos’ design embraces upgradability in the long-term, collaboration, participation and smart contracts safety. Tezos was launched in June 2018, there is a maximum supply of 763,306,930 XTZ, the current circulating supply is 756,203,598 and has a market capitalization of $1.632 billion. The Tesoz platform was designed to power the web3 revolution. According to Tesoz.com, “The future of the internet is being built on Tezos” the core of the Tesoz platform is user participation and governance. Users are able to frictionlessly and directly communicate with each other over a decentralised network, interacting with various applications and exchanging value, without the need for intermediaries. On Tezos, web3 can be truly user-governed and user-centric, the way it was meant to be. Web3 in crypto refers to a blockchain-integrated internet whereby NFTs and cryptocurrencies are built into the platforms that are used. Basically, it is an internet owned by users. How the Tezos platform works? Tezos offers institutional grade security. It is designed to provide the safety and code correctness that is required for assets and other high value cases. This safety is and code correctness is provided at both the application and protocol layers, this is done by leveraging the OCaml and Michelson languages, both of which facilitate formal verification, a practice that is normally used in mission-critical industries. The future of web3 can be secure on Tesoz. The Tesoz platform was built with mechanisms to ensure that there would be participation and active community governance - this is a key component of web3. Tesoz is governed by the people, users are able to act actively by proposing, evaluating or approving amendments to Tezos. This allows Tesoz to remain on the top of technology, and is why Tezos is in a good position to underpin the revolution of web3. Tesoz facilitates an energy efficient algorithm through its proof-of-stake (PoS) network. The proof-of-stake network is not only energy efficient but is also cost efficient. As the web3 movement gains momentum regarding adoption, scaling responsibility requires a more energy efficient approach. Tezos is one of the leading smart contracts proof-of-stake blockchains, the Tesoz smart contracts can use formal verification which allows them to be secure, mathematically verified and reliable. The Tezos platform is built to be able to adapt, adjust and add features and functionality through its proven on-chain upgrade mechanism. The Tezos platform is powerfully scalable, the platform is built to remain state-of-the-art. Tezos’ XTZ token Tez (XTZ) is the Tezos blockchains native token, it is used to interact with dApps, pay for fees, provide a basic accounting unit on the Tezos platform and secure the network through staking. Advantages of Tezos Tezos utilises Proof-of-Stake consensus mechanism, this only requires the users to provide the necessary resources to keep the network working. Tesoz’ blockchain allows any stakeholder to participate in the consensus mechanism and offers rewards for contributing to the stability and security of the network. Tezos has a modular architecture and formal upgrade mechanism which allows the platform to smoothly adopt new technological innovations as they emerge. Tezos offers formal and systematic procedures for stakeholders to reach some agreements on proposed protocol amendments. Past, present and future prices of XTZ The history of Tezos’ price has shown large volatility, the price originally spiked after being launched, in 2019 the price of XTZ fell to its all time low, since then the price has not seen much stability, but has, overall increased. Over the past month, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price has been falling. The future price prediction of Tezos is based on data and does not take into account investor sentiment and the changing market conditions. According to some analysts, overall the price of Tezos is expected to rise in the future and could reach a value north of $45 per token by 2030. XTZ Price Chart Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Sources: finance.yahoo.com, blockchain-council.org, tezos.com, coinmarketcap.com, cnet.com, chanelly.com
The Gold Rally Is Continuing To Stall, This Could Be A Good Year For Crude Oil

(XAUUSD) Gold Prices Rose For Second Consecutive Week, Concerns Around Crude Oil Supply Continues To Drive Price, Soybean Prices Rising

Rebecca Duthie Rebecca Duthie 27.05.2022 11:30
Summary: The potential for a dovish Fed later on in the year leaves investors seeking safety in gold. The EU is still trying to reach an agreement for the banning of Russian Crude. Tight Soybean supplies. Read next: Easing Concerns Around Supply Drives The Price Of Both Wheat And Platinum Down, RBOB Gasoline Continues To Rise   XAUUSD futures rise Gold rose further on Friday as it hit its second consecutive weekly gain, the strength in Gold comes in the wake of a weakening US Dollar. The chances of the Federal Reserve Bank easing monetary policy later on in the year has left investors seeking gold as a hedge against future inflation, driving the price of gold up. XAUUSD Jun ‘22 Futures Price Chart Crude Oil prices continue to rise amidst supply concerns The price of Crude Oil traded above $114 per barrel on Friday. The past week for Crude has seen prices consistently rising amidst concerns over global supply. On Wednesday the EIA released data indicating that the US Crude inventories were lower than expected due to rising exports. In addition the EU is trying to negotiate with Hungary on the implementation of an oil embargo on Russia, with EU Council Charles Michel remaining confident that an agreement can be reached by May 30th. Crude Oil Jul ‘22 Futures Price Chart Soybean Futures rising Soybeans are facing a tight supply run at the moment, export demand is rising causing the price of soybeans to trade high. As the oil embargo in Indonesia is lited, a certain amount of soybean volume will be added to the domestic market. Soybean Jul ‘22 Futures Price Chart Read next: Potential Frost Causing Concerns Around Coffee Supplies, Crude Oil Demand Is Expected To Rise, Palladium Price Falls Amidst Easing Concerns Around Supply And Demand  Sources: tradingeconomics.com, finance.yahoo.com
GBP/USD Analysis: GBP Maintains Growth Momentum, Market Awaits US Inflation Report

FTSE 100 Index Rises Thanks To Shell and BP Stocks, British Pound (GBP) Weakens After Thursday Morning Strengthen

Rebecca Duthie Rebecca Duthie 26.05.2022 21:17
Summary: Oil Giants are required to pay more taxes on profits. The BoE is put under more pressure FTSE 100 rises with BP and Shell stocks On Thursday oil giants Shell and BP were informed they would be required to pay 25% extra taxes on their profits from the North Sea. Investors did not seem to lose interest in these stocks despite this news, the share prices of both these companies rose. The Chancellor also announced there would be an extra tax incentive to invest in pumping up more oil and gas. Therefore it is possible that the oil giants can avoid almost their entire tax bill. FTSE 100 Price Chart GBP Weakens after its rally on Thursday morning On Thursday Chancellor Rushi Sunak announced that more than 8 million households would receive a lump sum of GBP650.00 in an attempt to try to fend off the cost of living crisis. The Chancellor also announced there would be a GBP15 billion spending boost. The move will put the Bank of England (BoE) under more pressure going forward, possibly forcing the BoE to raise interest rates even more. The Pound Sterling faces negative market sentiment in the wake of this news as the likelihood of a recession looms closer. Read next: FOMC Meeting Minutes Offer Support To The US Dollar (EUR/USD), Improved Market Attitude Favoured The GBP On Thursday (EUR/GBP, GBP/USD), Market Awaits RBA Monetary Policy  Follow FXMAG.COM on Google News Sources: finance.yahoo.com, poundsterlinglive.com
Investors Are Worried That Elon Musk Is Losing His Focus | The Eurozone Recession Can Dampen Investors’ Hopes

(TSLA) Tesla Share Price Recovers As Overhang On Tesla Shares Is Reduced

Rebecca Duthie Rebecca Duthie 26.05.2022 19:13
Summary: Elon Musk reduced his Margin Loan for his TWTR deal Prices show some recovery. Tesla share price has gained more than 8.5% on Thursday Tesla's stock price has gained more than 8.5% on Thursday amidst Elon Musk’s closing out on a Margin Loan associated with his $44 billion Twitter deal. In a Securities and Exchange Commission (SEC) filing last night, Musk said he reduced the margin loan that linked his Tesla (TSLA) shares to zero, whilst boosting his overall equity portion of his Twitter takeover to $33.5 billion. This move from Musk reduced the pressure on the Tesla shares, driving the price up. TSLA Share Price Chart Read next: (IXIC) FOMC Meeting Minutes Drives Nasdaq Up  Sources: finance.yahoo.com, thestreet.com
Altcoins: What Is HEX? - A Deeper Look Into The HEX Blockchain

Altcoins: What Is HEX? - A Deeper Look Into The HEX Blockchain

Rebecca Duthie Rebecca Duthie 26.05.2022 17:23
Summary: What is the HEX Platform and how does it work? Advantages of the HEX exchange. HEX's past, present and future price positions. The HEX Platform HEX was launched in December 2019, and is the first blockchain Certificate of Deposit, that offers high returns, no minimum and decentralised design. The average return staked on HEX is around 38%. The current circulating supply of HEX is more than 173.4 billion coins, with no maximum supply. The market capitalization is more than $12.8 billion, which puts HEX in the top 10 cryptocurrencies in terms of market capitalisation. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM HEX is an ERC20 token that is launched on the Ethereum network. The HEX token is designed to act as a store of value to replace the Certificate of Deposit as the blockchain counterpart of the Certificate of Deposits used in traditional financial markets. HEX token is also designed to leverage off the emerging decentralised finance (DeFi) ecosystem in finance using the Ethereum network. Outperforming Ethereum? According to HEX.com the HEX cryptocurrency was designed to outperform Ethereum, and has achieved good results since its inception. Behind the scenes, the HEX cryptocurrency is an advanced game theory that has been updated to eliminate all of Bitcoins flaws. HEX utilises the Ethereum network for the transaction layer (the layer that makes it possible to send and receive HEX tokens as well as allowing interactions with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract. Certificates of Deposits are common investment tools that are normally managed by banks. The Certificate of Deposit market is a trillion dollar market and is used worldwide. HEX took the concept of Certificates of Deposits, removed banking fees, added a higher average return rate and turned it into a decentralised cryptocurrency. HEX’s coin - HEX USD HEX allows their users to stake their HEX coins for a share of a new coin issuance, or inflation and contains features that are designed to incentivise behaviours that will encourage price appreciation and discourage behaviours that could harm the price. The HEX smart contracts rewards stakers for staking larger amounts of HEX for longer periods and penalises stakers for ending their stake early. When lockup periods are over, HEX coins are created to pay off the existing holders. At the end of the first year of launch, all HEX coins that were not claimed by Bitcoin holders are distributed to the rest of the HEX users who have active stakes. After the first year of launch, the maximum possible annual inflation is designed to be 3.69%. For Bitcoin holders, HEX coin is a free airdrop, when switching from Bitcoin to HEX, users are not required to pay anything in the process. Interest on HEX coins are paid in HEX, the monetary value of the paid interest is determined by the market value of HEX at the time of maturity. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM Advantages of the HEX blockchain Faster and cheaper to transact, the Ethereum platform that HEX operates on Makes use of Ethereum's security which makes the HEX platform safe. The biggest benefits are offered for users that stake for a longer period of time. There are no intermediaries required for users that convert Ethereum to HEX. Early claimers are rewarded with bonuses. Bonuses are given to both the referrers and to those who are referred. Users who lock their HEX on time receive interest and unclaimed coins. Larger and longer term investments are rewarded with additional shares, the price per share continues to rise. HEX equalises incentives, therefore, the more participants on the network, the better. Follow FXMAG.COM on Google News How to buy HEX Users will need to download the coinbase wallet if they want to buy HEX. Buy and transfer Ethereum (ETH) tokens and transfer them to your coinbase wallet. Using the trade tab, use your ETH to buy HEX. Past, present and future prices HEX price only started picking up in the first quarter of 2021, before then the price remained low. In October of 2021 the price of HEX rallied, and then fell again. HEX had a disappointing start to 2022 and lost 35% of its value. The current investor risk off sentiment has affected HEX the same way it has to some of the other cryptocurrencies. There is a link between the cryptocurrency market and the broader markets, the broader market sentiment's sell-off attitude is reflected in the graph below over the past few months. Some analysts believe that the price of HEX will continue to increase for the next 10 years, with the possibility of the price reaching $4 per coin by the time 2031 comes around. This forecast is based solely on numerical data, due to the volatility of the cryptocurrency market, it is difficult to make an accurate forecast for the price of HEX. HEX Price Chart Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Sources: finance.yahoo.com, coinbase.com, techstory.in, coinmarketcap.com, hex.com, technewsleader.com
Britain's Rishi Sunak And EU's Ursula Von Der Leyen Will Meet Today To Finalize The Northern Ireland Drama

FOMC Meeting Minutes Offer Support To The US Dollar (EUR/USD), Improved Market Attitude Favoured The GBP On Thursday (EUR/GBP, GBP/USD), Market Awaits RBA Monetary Policy - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 26.05.2022 11:58
Summary: Investor confidence in both the Euro and US Dollar causing mixed sentiment for the EUR/USD currency pair. GBP beats Euro and USD despite poor PMI data released on Tuesday. RBA June policy meeting will determine the AUD strength Read next: Hawkish ECB Bodes Well For The Euro, UK PMI Data Disappoints (EUR/GBP), Hawkish SNB Offers Swiss Franc Still Support (USD/CHF), AUD/JPY - Good Morning Forex!  Mixed sentiment for the EUR/USD The market is reflecting mixed market signals for this major currency pair. In the Wake of the FOMC meeting minutes, the US Dollar has found some stability. The market can expect a 50bp interest rate hike at the next two Fed meetings, with a possible pause in the hikes later on in the year. The Euro is also on an upward streak with the strong possibility of the European Central Bank (ECB) tightening monetary policy in July. EUR/USD Price Chart GBP strengthens The market is reflecting bearish market sentiment for this currency pair. On Thursday the GBP recovered some of its losses against the Euro after the UK PMI report on Tuesday. Improved market attitude acted in favour of the Pound Sterling against the Euro on Thursday. However, the outlook for the GBP still looks challenging going forward with an overly cautious Bank of England, high-inflation and global risk aversion. EUR/GBP Price Chart GBP/USD reflecting bullish sentiment Market sentiment for this currency pair is reflecting bullish signals. On Thursday the GBP recovered some of its losses against the US Dollar. Improved market attitude acted in favour of the Pound Sterling against the US Dollar on Thursday. GBP/USD Price Chart Future of the AUD waits the RBA monetary policy decision The market is reflecting bullish signals for this currency pair. The Reserve Bank of Australia (RBA) June policy meeting will likely see a future hike in interest rates. If the RBA tightens their monetary policy the Australian Dollar could strengthen. If the RBA chooses a dovish approach, the Aussie Dollar could struggle. AUD/USD Price Chart Read next: EUR Falls To US Dollar (EUR/USD), Pound Sterling Due To Weaken As UK Recession Looms (EUR/GBP), Market Awaits Fed Meeting Minutes (USD/CHF, GBP/USD)  Sources: finance.yahoo.com, dailyfx.com, poundtserlinglive.com
Australia Is Expected To Produce A Bumper Year Of Crops

Easing Concerns Around Supply Drives The Price Of Both Wheat And Platinum Down, RBOB Gasoline Continues To Rise

Rebecca Duthie Rebecca Duthie 26.05.2022 11:17
Summary: Platinum prices are falling with demand. Russia opens safe corridors for forign exports in the Ukraine. RBOB Gasoline prices continue to rise. Read next: Potential Frost Causing Concerns Around Coffee Supplies, Crude Oil Demand Is Expected To Rise, Palladium Price Falls Amidst Easing Concerns Around Supply And Demand  Platinum futures Platinum prices are well below their $1154 high that was hit in March of this year, the supply of platinum is rising whilst demand is struggling to recover. The lockdowns in China have slowed or stopped auto sector production causing the demand for platinum to fall, however, according to platinum's top supplier, Nornickel, the partial recovery of the global sector could offset the lower consumption in China. The market is expecting to see a surplus of Platinum at the end of the year. Platinum Jul ‘22 Futures Price Chart Easing supply concerns driving Wheat prices down As supply concerns ease, the price of wheat futures are falling. Russia said they would open safe corridors daily for forign ships to leave both Black Sea ports as well as Sea of Azov ports, which will allow commercial shipping to resume in the Ukraine after 3 months of fighting. In addition the Indian government announced an embargo on Wheat exports to try to guarantee food security and to discourage farmers from selling wheat on the private market at higher prices. Wheat Jul ‘22 Futures Price Chart RBOB Gasoline prices The prices of RBOB Gasoline have been rising amidst concerns around supply and the expected increasing demand. US President Joe Biden may limit US Gasoline exports in an attempt to decrease the prices in the US. RBOB Gasoline Jun ‘22 Futures Price Chart Read next: XAUUSD Prices Rise As Investors Turn To Safer Assets, Cotton Prices, NGAS Prices Still Rising As Concerns Around Supply Continue  Sources: finance.yahoo.com, tradingeconomics.com
German industrial production slumps for third straight month, raising recession risk

(IXIC) FOMC Meeting Minutes Drives Nasdaq Up

Rebecca Duthie Rebecca Duthie 25.05.2022 23:17
Summary: Nasdaq rises in the wake of Fed meeting minutes Nasdaq gains 1.5% on Wednesday On Wednesday the Federal Reserve's May meeting minutes confirmed that the Fed officials are keeping a 50bps interest hike on the table for the next few meetings. This pushed U.S stocks higher after a volatile day on the market, the Fed has seemingly instilled investors with confidence that they will try and regain control of the current rising prices. Investors have gotten a taste of the effect rising prices have had on company earnings across the board, the Feds commitment to try and reign in the rising prices is driving the Nasdaq and other indices upwards. IXIC Price Chart Read next: (TWTR) Twitter Shareholders Gathering To Discuss Elon Musk Twitter Purchase  Sources: finance.yahoo.com
Tether Deploys USDT Stablecoin on Tezos Blockchain | BeInCrypto

Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain

Rebecca Duthie Rebecca Duthie 25.05.2022 23:00
Summary: What is the Tether Platform and how does it work? Advantages of the Tether exchange. Tether's past, present and future price positions. Read next: Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA) | FXMAG.COM The Tether USDT Platform Tether is a Hong-Kong based company that issues the USDT is a stablecoin that mirrors the price of the US Dollar. Tether. A stablecoin refers to a stable-value cryptocurrency. The token is pegged to the US Dollar, the peg is achieved via maintaining a sum of fiduciary deposits, cash, commercial papers, treasury notes and reserve repo notes in reserves that have the same US Dollar value as the number of USDT that are in circulation. Tether has a current market capitalization of $73.198 billion, more than 73 billion USDT in circulation and no maximum supply. The aim of the Tether platform is to combine the unrestricted nature of cryptocurrencies (transferring of assets between parties without the need of a financial intermediary) with the stable value of the US Dollar. Tether USDT was originally launched as Realcoin in July 2014 through using Omni platform. Realcoin was built as a second-layer cryptocurrency token built on Bitcoins blockchain, which was then updated later to work on Ethereum, EOS, Tron, Algorand and OMG blockchains. In recent times, stablecoins are sometimes being used as a hedge against inflation, instead of keeping fiat currency in an account earning small interest where users can lend their stablecoins and earn yields between 3-20%. What makes Tether USDT unique? Tether guarantees to its users that their USDT coin value will remain pegged to the US Dollar, this is guaranteed through the promise of updating the reserves with the value of USDT that is issued, ensuring that the 1:1 ratio always exists. Therefore ensuring that USDT is fully backed up by cash and cash equivalents. USDT is protected from the normal price fluctuations that occur daily in the cryptocurrency market, making USDT one of the more reliable cryptocurrencies to hold value. This feature of USDT makes the coin a safe-haven asset for cryptocurrency investors, during periods of high volatility in the cryptomarket, investors can leave their crypto assets in Tether without having to cash out into US Dollars. In addition, USDT provides an easier way to transact a U.S Dollar equivalent between continents, regions, and countries via blockchain, without having to worry about a slow, expensive intermediary like a bank or another financial institution. Security of USDT Tether does not have its own blockchain, instead operates as a second-layer token on top of other cryptocurrencies’ blockchains: Ethereum, Bitcoin, EOS, Tron, Algorand and OMG, the hashing algorithms of these blockchains secures Tether USDT. Advantages of the Tether platform and USDT Price stability: 1 USDT = 1 US Dollar. User transactions are extremely cheap, sending money from one USDT account to another has no chargers with it. There is a small fee attached for other transactions like trading USDT for other cryptocurrencies or fiat currencies. Highly integrable currency, it is easy for users to integrate USDT into other exchange platforms. It is successful in protecting the funds of traders and potential cryptocurrency traders as it allows users to quickly trade more volatile cryptocurrencies like Bitcoin in a more stable cryptocurrency. Past, present and future price of Tether USDT After going to market, the price of the USDT coin originally saw a substantial amount of growth, and then saw a lot of volatility. Since then due to its peg to the US Dollar, the price of Tether USDT has remained relatively stable over the years. The current investor risk off sentiment has not affected Tether USDT the same way it has to some of the other cryptocurrencies, instead Tether has mainly held its position in the market. However, in May, Tether’s price did drop, this reflected the irrationality of the investors in the market during the recent sell off sentiment. Looking a few years ahead, some analysts predict that the price of Tether USDT will rise to above $1 and hold around that position for the large part of the decade. This forecast is based solely on numerical data, due to the volatility of the cryptocurrency market, it is difficult to make an accurate forecast for the price of USDT despite its increased stability. USDT Price Chart Purpose of creating Tether Its users do not have limitations when making transfers, Tether users receive all the benefits of owning cryptocurrencies without the high fees or any major problems. The Tether platform allows exchanges to maintain a high level of liquidity and protection against the volatility of the crypto market. It offers a way to protect investments from traders within an exchange platform. In terms of volatility, the Tether platform offers a secure form of payment. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Sources: academy.bit2me.com, finance.yahoo.com, coinmarketcap.com, capital.com
RBA Governor Announces Major Changes at RBA Board as US Inflation Expected to Decline

(TWTR) Twitter Shareholders Gathering To Discuss Elon Musk Twitter Purchase

Rebecca Duthie Rebecca Duthie 25.05.2022 18:46
Summary: Twitter shareholders expected to vote on the Musk deal. Elon Musk will lose money on the deal if it goes through at the original agreed price. Read next: Snapchat (SNAP) Earnings Forecast Sends Causes Social Media Stocks To Fall  Twitter deal to be voted on at AGM On Wednesday the Shareholders of Twitter are meeting to discuss Elon Musk's offer to buy Twitter. Although the billionaire has lost money on his twitter stocks, it is nothing compared to the loss he has seen on his Tesla (TSLA) stocks. There is still skepticism regarding whether the Twitter deal will go through at the original offering price that Musk made. The TWTR shares are currently trading well below the $54.20 agreed upon selling price. TWTR Share Price Chart Sources: finance.yahoo.com
Steel majors invest in green steel, but change might be driven by contenders

EUR Falls To US Dollar (EUR/USD), Pound Sterling Due To Weaken As UK Recession Looms (EUR/GBP), Market Awaits Fed Meeting Minutes (USD/CHF, GBP/USD)

Rebecca Duthie Rebecca Duthie 25.05.2022 18:27
Summary: EU PPI inflation data caused the Euro to weaken on Wednesday. Investor sentiment looks poor towards the GBP going into summer. Pound Sterling recovers against the US Dollar. Read next: Hawkish ECB Bodes Well For The Euro, UK PMI Data Disappoints (EUR/GBP), Hawkish SNB Offers Swiss Franc Still Support (USD/CHF), AUD/JPY - Good Morning Forex!  A rise in PPI inflation data causes Euro weaken Market sentiment is reflecting mixed signals for this currency pair. Looking at the value of the Euro in terms of PPI and CPI data: the rise in PPI inflation in the euro area reduced the Euros fair value estimate, whereas the European CPI inflation data remains close to that of the US CPI inflation. Therefore, it is the release of PPI inflation data that has caused the Euro to lose more than 0.6% to the US Dollar on Wednesday. EUR/USD Price Chart GBP weakens as concerns of a recession looms The market is reflecting mixed market sentiment for this currency pair. Investors expect the Pound Sterling to have a tough summer period. The slowing UK economy and disappointing PMI data are both aspects that will likely cause the GBP to weaken not only against the Euro but against other currencies too. The market is defaulting to buying Euros and selling Great British Pounds in the wake of changing European Central Bank (ECB) policy. EUR/GBP Price Chart Swiss Franc The market sentiment for this currency pair is reflecting mixed market signals. During the trading week last week, the US Dollar weakened against the Swiss Franc due to the hawkish attitude shown by the Swiss National Bank (SNB) and investors desire for safe-haven assets. This sentiment has continued into the current trading week. USD/CHF Price Chart GBP recovers against the USD The GBP strengthened against the US Dollar on Wednesday as the market awaited the Federal Reserve’s latest meeting minutes. Investors are eager to see how aggressively the Fed will raise interest rates going forward in an attempt to tackle rising inflation. Investor sentiment is negative toward the US Dollar at the moment, which has given some currencies, such as the GBP, an opportunity to recover. The market sentiment for this currency pair is reflecting bullish signals. GBP/USD Price Chart Read next: ECB Offering The Euro Support (EUR/USD), Strengthening Of The Renminbi Supporting The EUR and GBP, SNB Turns Hawkish (EUR/CHF) - Good Morning Forex!  Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Securing Battery Metal Supply Chains: Challenges and Opportunities Amid the Global Energy Transition

Potential Frost Causing Concerns Around Coffee Supplies, Crude Oil Demand Is Expected To Rise, Palladium Price Falls Amidst Easing Concerns Around Supply And Demand

Rebecca Duthie Rebecca Duthie 25.05.2022 16:05
Summary: Weather conditions could have an adverse effect on coffee crops. Expected demand for crude oil rises as supply grows tighter. Demand and supply concerns around Palladium are easing. Read next: XAUUSD Prices Rise As Investors Turn To Safer Assets, Cotton Prices, NGAS Prices Still Rising As Concerns Around Supply Continue  Coffee futures prices Coffee futures prices have been falling over the past week amidst easing concerns over the possibility of potentially crop damaging frost in Brazil. Last year the frost in Brazil damaged coffee crops and caused coffee prices to soar, which is keeping the market on edge during the upcoming winter season. Coffee Jul ‘22 Future Price Chart WTI Crude Oil futures prices rise As expected demand rises and supply grows weaker, the price of Crude oil rises. The new French minister said that those who are opposed to a new EU sanction on Russian oil imports could still be convinced. Further sanctions on Russian oil will tighten supplies further than they already are during a time where US demand is expected to rise as memorial day and the summer looms. WTI Crude Oil Jul Futures Price Chart Palladium futures prices decline in the wake of easing supply and demand concerns Concerns around palladium supplies along with demand are easing, causing the price to fall. Global demand is expected to rise by only 3% in 2022 as covid lockdowns and continuing supply chain bottlenecks will likely delay the chip supply recovery until at least 2023, undermining car production around the world. Palladium Jun ‘22 Futures Price Chart Read next: Demand For Brent Crude Oil Rises, Silver Prices Rise, Improved Corn Crop Eases Supply Concerns  Sources: tradingeconomics.com, finance.yahoo.com
The Interest Rate Cut Will Not Affect The Ruble (RUB)

(GSPC) SNAP Drags Tech Peers Down With It, The Russian Ruble Outperforms Emerging Currencies

Rebecca Duthie Rebecca Duthie 24.05.2022 23:54
Summary: S&P 500 suffers in the wake of market sell-off for tech shares Update on the Russian Ruble Read next: Hawkish ECB Bodes Well For The Euro, UK PMI Data Disappoints (EUR/GBP), Hawkish SNB Offers Swiss Franc Still Support (USD/CHF), AUD/JPY - Good Morning Forex!  S&P 500 price drops The price of the S&P 500 fell more than 0.8% on Tuesday in the wake of Snap Inc. (SNAP) saw its biggest recorded one day drop in price and dragged some of its tech peers along with it. On Monday Wall Street closed in the green for only the 13th time out of 98 trading days this year, Tuesday's price drop builds on the broader negative market sentiment towards equities. S&P 500 Price Chart Russian Ruble The Russian Ruble has been the best performing emerging currency, it has gained around 33% against the US Dollar over the past year. Russia maintains strong trade relationships with India and China, which keeps the Ruble flowing. In addition, Russia continues to supply the European Union with Natural Gas despite the EU’s alliance with the United States against the Russian invasion of Ukraine. Russia managed to find a loophole to get out of servicing its debt, however the loophole ends on May 25th and the Ruble may be in trouble, and Russia may face default. Read next: Snapchat (SNAP) Earnings Forecast Sends Causes Social Media Stocks To Fall  Sources: finance.yahoo.com, dailyfx.com
Altcoins: Stellar (XLM) What Is It? A Deeper Look Into The Stellar Platform

Altcoins: Stellar (XLM) What Is It? A Deeper Look Into The Stellar Platform

Rebecca Duthie Rebecca Duthie 24.05.2022 16:11
Summary: What is the Stellar Platform and how does it work? Advantages of the Stellar exchange. Stellar's past, present and future price positions. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Stellar Platform The Stellar network is an open-source platform for currencies and payments. Stellar has no owner, it is said to be owned by the public. Stellar relies on the blockchain to keep the network in sync, but the end user experience is more similar to cash, the platform is much faster, cheaper and more energy efficient than most other typical platforms on the blockchain. Stellar was launched in 2014, the platform was intended to enhance the current financial system, rather than undermine or replace the one already in place. The co-founder of RippleNet, Jed McCaleb, founded the Stellar network, as a non-profit organisation, which was first named the Stellar Development Foundation. The Stellar platform is a peer-to-peer (P2P) decentralised network that is borderless, powerful and limitless. Stellars platform makes it possible to send, trade and create digital representations of all forms of money, such as dollars, pesos, bitcoin and more. The platform is designed to allow all the world's financial systems to work together on one single network. The Stellar network is designed for developers, the network has all the necessary tools needed to get a project up fast. Stellar's API and SDKs are available to help you transform the financial world. The network's currency connections could give even a small company the reach and power of an international bank. Stellars native digital currency Stellars native digital currency is the Lumen (XLM), users are required to acquire this currency in small amounts to use in making transactions and initialising accounts. Other than this fact, Stellar does not privilege any currency in particular. There are 24.85 billion XLM currently in circulation, a market capitalization of $3.325 billion and a maximum supply of 50 billion lumens. The Stellar platform maintains a high level of security, the XLM holders have to own at least one token in order to remain active on the platform. Lumens also offer protection against hackers by making microtransactions too expensive for hackers with no chance of profits, therefore Stellar is kept safe from serious threats. Stellars platform can be used in the following way With a few lines of code, users can create the following: Global Payment Apps: allow users to leverage the many currency-backed tokens that are already available on the Stellar network. Asset exchanges: users have access to Stellar’s built-in decentralised exchange for forex, cryptocurrencies or securities. Users can swap between tokens by using simple functions that are built into the protocol. Micropayment services: Stellar’s low, flat fees and fast transactions make it possible to make powerpayments of any size. Advantages of the Stellar Platform Fast transaction speed: it is possible for around 2000 transactions to be processed each second, therefore, a maximum of 5 seconds is required to validate a transaction. The fast transaction speed of the platform makes Stellar an attractive tool when there is a need to make fast and secure transactions. Multi-currency support: it is possible to carry-out multi-currency transactions on the Stellar platform, to support this system Stellar makes use of an anchor system. The anchor system works by accepting any money as a deposit and a loan is issued in the desired currency. The system independently selects a profitable course. Extremely low transaction fees: unlike some other cryptocurrencies on the market, the Stellar payment platform is not designed to prioritise profits. It is possible to reduce the overall transaction fees thanks to the transaction speed and operating efficiency. Simplicity: the simplification of currency exchanges and the ease of use are benefits of the Stellar platform. Stellar is a decentralised and independent system. Past, present and future prices In the past, Stellar has experienced many growth jumps, such as when Mercado Bitcoin announced his use of the platform. In general, it is clear that Stellar has shown price promise, however, like with most other cryptocurrencies, the XLM token does carry risk. The XLM hit a slow patch between 2019-2021. Since then the price of XLM has shown volatility. Currently the cryptocurrency markets have been declining, the current economic conditions are sending investors searching for safe-haven assets, a category that cryptocurrencies do not fall under. Some analysts believe that an investment in XLM can bring future passive incomes for investors. It is also believed that the price of XLM may see some strengthening going forward and join some of the other larger cryptocurrencies. It is expected that by 2026 the price could reach up to $0.34 per XLM. XLM Price Chart Read next: Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA) | FXMAG.COM Sources: finance.yahoo.com, crypto-academy.org, stellar.org, coinmarketcap.org, gobankingrates.com, cryptonewsz.com
The Japanese Yen Retreats as USD/JPY Gains Momentum

Snapchat (SNAP) Earnings Forecast Sends Causes Social Media Stocks To Fall

Rebecca Duthie Rebecca Duthie 24.05.2022 15:00
Summary: Snapchats share price plummeted in the wake of sharing their second quarter earnings results. Social media platforms follow Snapchats trend. Snapchat’s share price plummets On Tuesday the social media giant, Snapchat shared their second quarter earnings forecasts, and said that the economy had worsened faster over the last month than what was expected. In the wake of Snapchats forecast, shares of other social media companies such as Twitter, Meta and Pinterest also fell. On Monday U.S stock indexes rebounded after a long streak of weekly declines, the downward turn of the social media platforms caused the prices of U.S stock indexes to fall again. Snap Inc Price Chart Read Next: (DJIA) Dow Jones Index Rising, Investors Confidence In The Euro Is Looking Bullish As ECB Confirm Interest Rate Increases  Sources: finance.yahoo.com
Energy and Metals Decline, Wheat Rallies Amid Disappointing Chinese Growth

Hawkish ECB Bodes Well For The Euro, UK PMI Data Disappoints (EUR/GBP), Hawkish SNB Offers Swiss Franc Still Support (USD/CHF), AUD/JPY - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 24.05.2022 13:23
Summary: The ECB turning hawkish is causing the Euro to strengthen. Disappointing PMI data caused the GBP to weaken. Hawkish SNB offers CHF support. Read next: ECB Offering The Euro Support (EUR/USD), Strengthening Of The Renminbi Supporting The EUR and GBP, SNB Turns Hawkish (EUR/CHF) - Good Morning Forex!  Euro trumps US Dollar Market sentiment for this currency pair is reflecting bullish signals, which means investors are confident in the Euro. The strengthening of the Euro comes after the European Central Bank’s (ECB) President Christine Lagarde confirmed market expectations that the ECB would raise interest rates in July. The hawkish sentiment of the ECB has instilled investor confidence in the Euro, despite the continuing hawkish Fed, investors are still turning to the Euro due to concerns around the US economy falling into a recession. EUR/USD Price Chart Pound Sterling Weakens after PMI data release The Release of PMI data showed that the UK economy was close to contracting in May, the results came in well below expectations, a figure that is out of the ordinary. The Pound Sterling weakened based on this news and JP Morgan has flagged the UK economy as the “poster child” for stagflation. The market sentiment for the EUR/GBP currency pair is reflecting bullish signals. EUR/GBP Price Chart Swiss Franc continues to trump US Dollar Market sentiment for this currency pair is reflecting a bearish sentiment. Late last week and this week the Swiss Franc began strengthening against the US Dollar, this comes in the wake of both the concerns around the slowing US economy and in conjunction the hawkish attitude from the Swiss National Bank (SNB). USD/CHF Price Chart AUD/JPY currency pair Market sentiment for this currency pair is reflecting bullish signals. This currency pair has experienced a lot of volatility over the past week. In addition there is a temporary pause in the growth of the JPY as investors are starting to be less weary about taking on some risk. AUD/JPY Price Chart Read next: (DJIA) Dow Jones Index Rising, Investors Confidence In The Euro Is Looking Bullish As ECB Confirm Interest Rate Increases  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

XAUUSD Prices Rise As Investors Turn To Safer Assets, Cotton Prices, NGAS Prices Still Rising As Concerns Around Supply Continue

Rebecca Duthie Rebecca Duthie 24.05.2022 11:29
Summary: Gold prices rose the past week in the wake of a weakening US Dollar. Concerns around cotton supply persist. NGAS prices are still rising as concerns around supply persist Read next: Demand For Brent Crude Oil Rises, Silver Prices Rise, Improved Corn Crop Eases Supply Concerns  Gold (XAAUSD) prices on the rise The US Dollar had a softer start to the week amidst concerns around a slowing economy and the possibility of a recession. On Tuesday U.S benchmark yields rose as equities rallied. Investors seem to be seeking safer investments such as gold as the market awaits the Fed Chairs comments on key economic data, such as, PCI and first quarter GDP. Therefore, the price of gold is rising. XAUUSD Jun ‘22 Futures Price Chart Cotton futures prices Cotton prices dropped from their 11 year peak of $158 in early may. There are still concerns around supply as the droughts in Texas continue and global protected supply numbers are also falling, whilst demand is remaining stable in the post-covid world. Cotton Jul ‘22 Futures Price Chart Increased demand for NGAS is pushing up the price There is a higher international and domestic demand for Natural gas, which is driving the price of the NGAS futures up. The world is experiencing an energy shortage in the wake of Russia’s war on Ukraine. However, higher production and exports (especially in the US) should help limit the upward price momentum going forward. NGAS Jun ‘22 Futures Price Chart Read next: ECB Offering The Euro Support (EUR/USD), Strengthening Of The Renminbi Supporting The EUR and GBP, SNB Turns Hawkish (EUR/CHF) - Good Morning Fore  Sources: finance.yahoo.com, tradingeconomics.com
GBP: Softer Ahead of CPI Risk Event

(DJIA) Dow Jones Index Rising, Investors Confidence In The Euro Is Looking Bullish As ECB Confirm Interest Rate Increases

Rebecca Duthie Rebecca Duthie 23.05.2022 21:56
Summary: President Joe Biden's announcement of possible easing of tariffs on goods from China fairing well for U.S stocks. Euro expected to continue strengthening. Read next: Xpeng (XPEV) Earnings Results Cause Share Price To Fall  U.S stocks showing signs of recovery The Dow Jones Index rose almost 2% during the trading day on Monday. U.S stocks recovered on Monday in the wake of investors coming-off a 7 week losing streak. The recovery comes after investors received some fresh-trade related information from the Biden Administration. On Monday President Joe Biden announced that he was considering easing tariffs on Chinese goods due to the belief that the tariffs caused financial harm on consumers and businesses. DJIA Price Chart ECB Interest rate hike is confirmed The Euro exchange rate performed well on Monday thanks to the European Central Bank's president confirming that there will be interest rate hikes in July. The Euro responded well to this information and strengthened against both the US Dollar and the Pound. Leading up to the confirmation of the rising interest rates, the Euro had been strengthening, in the wake of the interest rates being risen, investors believe that the Euro will continue to strengthen. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Sources: finance.yahoo.com, poundsterlinglive.com Follow FXMAG.COM on Google News
ECB's Potential Hike Faces Limited Rate Upside as Macro Headwinds Persist

Xpeng (XPEV) Earnings Results Cause Share Price To Fall

Rebecca Duthie Rebecca Duthie 23.05.2022 14:04
Summary: Xpeng earnings released. EV maker affected first hand by lockdowns in China. Read next: Harley Davidson (HOG) Halting Production  XPeng (XPEV)reported first quarter losses whilst revenue topped. The China based Electric vehicle maker forecasts sales picking up in May after the disappointing April figures as China eases lockdowns. However, the stock price fell in the wake of the disappointing data. The Covid-19 lockdowns in China have led to factory shutdowns and/or slower production. XPEV stock price has fallen. The Electric Vehicle maker reported a loss of 28 cents per ADS, however revenue increased by 153%. Xpeng is expected to improve across the board in quarter 2, they hope to edge closer to pre-covid figures. XPEV Price Chart Sources: finance.yahoo.com, investors.com
Binance Academy: Behavioral biases and avoiding them

Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA)

Rebecca Duthie Rebecca Duthie 23.05.2022 13:24
Summary: What is the Cardano Platform and how does it work? Advantages of the Cardano exchange. Cardano's past, present and future price positions. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP  Cardano’s platform Cardano’s mission is to be a blockchain for innovators, visionaries and changemakers, it has the tools and technologies required to create possibilities to bring about positive global change for the many, as well as the few. The Cardano platform was founded in 2015 and launched in 2017. The platform token “ADA” has a maximum supply of 45 billion ADA, a circulating supply of more than 33.7 billion and a market capitalisation of more than $18.25 billion. The cardano platform is a proof-of-stake blockchain, it was the first to be founded on peer-review research and was developed through evidence-based methods. The blockchain combines pioneering technologies to provide unparalleled sustainability and security to decentralised systems, applications and technologies. Proof-of-stake refers to a type of consensus mechanism used to validate cryptocurrency transactions. Cardano’s aim for their platform Cardano’s aim is to be an enabling force for positive change and progress, in order to achieve this they have a leading team of engineers. The platform exists to redistribute power from the unaccountable to the margins and the individuals. Cardano's platform integrations and protocol implementations are first researched, mathematically modelled, tested and challenged before they are specified. The Cardano platform is designed to reward those who act in the best of the network and are also acting in their own best interests. The scalability and sustainability combination allows Cardano to achieve the throughput required to meet the ever changing demand of the global systems: logistics, societal, financial and identity. Some of the uses of the Cardano platform and ADA token: Send, create and receive NFTs and native tokens. Set up and manage your own staking pool on Cardano. Users are able to create their own smart contracts. Users can integrate their Cardano technology into their existing websites and platforms. ADA tokens can be used to vote on governance proposals, those that distribute treasury funds in particular. ADA tokens can be staked to earn rewards. Ouroboros and Cardano Cardano is the first blockchain to implement the Ouroboros protocol. Ouroboros is the first peer-reviewed, verifiably secure blockchain protocol, which enables Cardano’s decentralisation and allows it to scale global requirements sustainably without compromising security crucially. Advantages of investing in Cardano The Ouroboros blockchain protocol. Evidence-based development: the evidence-based methods used to create the Cardano blockchain is a combination of methods, which are normally found in critical high-stake applications, along with an agile approach, which helps the project remain responsive and adaptable to new innovations and emerging requirements. Security: when using the cardano platform, it is possible for users who have never met or transacted before to interact and transact with a high level of security. The Cardano platform builds trust where there otherwise may not be any, which opens up doors to many more markets and opportunities. Incentivised participation: Cardano is an open-source project developed through open participation. Cardano has an incentive mechanism to ensure network health and longevity, the mechanism rewards users for their participation, either through stake delegators or as stake pool operators. The governance system gives all users a voice, ADA holders can submit or vote proposals on proposals to improve the platform. Scalable and sustainable: Ouroboros allows the Cardano platform to scale global requirements with minimal energy requirements. Cardano's performance-energy is achieved through a combination of novel approaches namely, side chains, multi-ledger and parallel transaction processing through multi-party state channels. Follow FXMAG.COM on Google News Past, present and future prices of Cardano After the launch of ADA, the original price spiked and then fell back down the pre-launch levels. It took Cardano’s ADA a couple of years to truly see any real price change. In 2021 Cardano reached a maximum price of more than $2.77, but has since been on a declining streak. Currently the cryptocurrency markets have been declining, the current economic conditions are sending investors searching for safe-haven assets, a category that cryptocurrencies do not fall under, this is causing a sell-off investor sentiment. Some analysts believe that the price of ADA will fluctuate but will see an increase, and thereafter consistently increase until 2030 wherein the value is expected to reach around $13.55. However, predicting the future value of cryptocurrencies is difficult due to the volatility of the markets they operate in. ADA Price Chart Read next: Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform  Sources: finance.yahoo.com, cardano.org, coinbase.com, changelly.com  
Russia's Active Production Cuts Could Be Grounds For A Bullish Shock

Demand For Brent Crude Oil Rises, Silver Prices Rise, Improved Corn Crop Eases Supply Concerns

Rebecca Duthie Rebecca Duthie 23.05.2022 11:11
Summary: Brent crude oil prices are rising in response to increasing demand. Silver prices are rising again. Improved weather conditions is leaving the market hopeful for an improved corn crop. Read next: (XAUUSD) Gold Prices Rise In The Wake Of Concerns Around U.S Economic Slowdown, Crude Oil Prices Rally In Response To Increasing Demand And Concerns Around Supply, Cotton Prices  Brent Crude Oil prices rising With the expected increase in demand for Brent crude oil in both the United States and in China's post-lockdown world, the price of Brent crude oil is rising. U.S gasoline and fuel prices remain at a record high level as the busiest driving season approaches. The market expects the demand for Brent crude to increase with the easing of lockdowns in China, causing further concerns around supply in an already tight market. Brent Crude Oil Futures Price Chart Silver prices rise again. A weakening US Dollar has aided in the rising price of Silver. Silver is considered a safe asset and is commonly used as a hedge against inflation which is attractive in the current economic environment. In addition, the rise in the price of silver also comes with investor need for safe-haven assets with the geo-political tensions and the concerns around the slowing global growth. Silver Jul ‘22 Futures Price Chart Corn futures fall Late last week the price of corn futures fell, this came in the wake of investors buying wheat and selling corn in spread trades amidst signs of improved U.S corn crop planting. The improved corn planting is easing concerns around supply, driving the price lower. Corn Jul ‘22 Futures Price Chart Read next: ECB Offering The Euro Support (EUR/USD), Strengthening Of The Renminbi Supporting The EUR and GBP, SNB Turns Hawkish (EUR/CHF) - Good Morning Forex!  Sources: finance.yahoo.com, tradingeconomics.com
Sustainability-Linked Products: Navigating Growth and Challenges for the Future

ECB Offering The Euro Support (EUR/USD), Strengthening Of The Renminbi Supporting The EUR and GBP, SNB Turns Hawkish (EUR/CHF) - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 23.05.2022 10:29
Summary: ECB offering support to the EUR, whilst easing lockdowns in China aids in the weakening US Dollar. Euro and GBP are likely to strengthen with the Renminbi. SNB and ECB hawkishness offers support to their respective currencies. GBP/CAD Read next: US Dollar Is Likely To Experience Volatility In The Coming Weeks (EUR/USD), UK Retail Data Exceeds Market Expectations (EUR/GBP), SNB Turns Hawkish Causing the CHF To Rally (EUR/CHF) - Good Morning Forex!  Easing lockdowns in China dragging down the US Dollar Market sentiment for this currency pair is reflecting bullish signals. On Monday the European Central Bank (ECB) announced that it is likely that July would be the starting period for raising interest rates. At the same time, the easing of lockdowns in China has aided in weakening the US Dollar. The trading week is full of US events along with some European Central Bank events, all of which will be watched closely. EUR/USD Price Chart Euro and GBP both showing signs of strengthening Market sentiment for this currency pair is reflecting mixed signals. The prospect of the Chinese Renminbi rebounding is likely to have a positive impact on the value of both the Pound Sterling and the Euro. In addition the market believes that the Bank of England (BoE) is likely to continue raising interest rates in the coming months along with the increased likelihood of the European Central Bank (ECB) raising the interest rates. EUR/GBP Price Chart SNB and ECB hawkishness caused mixed sentiment for this currency pair. On Thursday last week the president of the Swiss National Bank (SNB) said that they were ready to act on the rising inflation, the hawkishness of the SNB caused the Swiss Franc to rally. The potential hawkishness of the European Central Bank (ECB) is also causing the Euro to strengthen, leaving the market sentiment for this currency pair showing mixed signals. EUR/CHF Price Chart GBP rallies against the CAD The strengthening of the GBP against the CAD throughout last week has come in the wake of increasing UK government bond yields. The strengthening came in the wake of the release of UK employment data, inflation and retail data all which support further increases in the UK government bond yields. GBP/CAD Price Chart Read next: (FTSE) FTSE 100 Rallies In Response To Positive Economic Data, US Dollar Expected To See More Volatility  Sources: finance.yahoo.com, poundsterlinglive.com, dailyfx.com
(FTSE) FTSE 100 Rallies In Response To Positive Economic Data, US Dollar Expected To See More Volatility

(FTSE) FTSE 100 Rallies In Response To Positive Economic Data, US Dollar Expected To See More Volatility

Rebecca Duthie Rebecca Duthie 20.05.2022 20:30
Summary: FTSE showing signs of increasing amidst favorable UK economic data US Dollar to have a busy week next week. Read next: Major Index NASDAQ (IXIC) Sell Off After Equities Fall, Will the ECB Turn Hawkish?  FTSE 100 Increasing The FTSE 100 index rallied on Friday. This rally comes in the wake of the retail data released that well exceeded market expectations. Retail data came in at a 1.4% increase in contrast to the expected value of -0.2%. Food sales increased by 2.8% and car fuel sales also rose 1.4% in April. This data indicated to the market that consumers are showing resilience to the current economic situations. In addition, the positive data has improved investor sentiment towards the UK market. FTSE Price Chart US Dollar expected to see more volatility Next week is full of important U.S economic data announcements and events which we can expect to add more volatility to the US Dollar. On Wednesday the FOMC minutes will likely give the market a clearer look at the thoughts of the current state of the US economy and whether or not we can expect to see more interest rate hikes. On Thursday the Fed will release their preferred inflation reading PCE which is expected to highlight the growing US pressures. All the factors above will lead to a heightened volatility in the US Dollar. Sources: finance.yahoo.com, dailyfx.com
Harley Davidson (HOG) Halting Production

Harley Davidson (HOG) Halting Production

Rebecca Duthie Rebecca Duthie 20.05.2022 17:31
Summary:HOG halting production temporarily.Supply chain issues persist.Supply chain issues causing problems for Harley DavidsonHarley Davidson announced they were halting all forms of shipment and production, apart from their electric LiveWire line. The current supply chain issues have forced the auto producer to slow down for the next 2 weeks.In March one of the Harley Davidsons suppliers informed the company they were facing compliance issues. The stock of HOG is down by almost 20% this year. HOGs LiveWire is planning to break away to merge with a special acquisition company and going public. Harley Davidson Price ChartSources: finance.yahoo.com, thestreet.com
FXStreet’s Dhwani Mehta Opinion About Gold Movements

(XAUUSD) Gold Prices Rise In The Wake Of Concerns Around U.S Economic Slowdown, Crude Oil Prices Rally In Response To Increasing Demand And Concerns Around Supply, Cotton Prices

Rebecca Duthie Rebecca Duthie 20.05.2022 17:01
Summary: The post-covid world and the war in the Ukraine caused Crude Oil to rally. Gold futures are on the rise amidst concerns around economic slowdown of the US economy. Cotton prices fall marginally despite concerns around increasing demand and tightening supply. Read next: The UN Is Stepping In To Help Wheat Exports, Platinum Prices Experiencing Volatility and The West Turns To Asia For RBOB Gasoline Supply  XAUUSD Gold prices rally Gold prices pushed up past $1.830 on Friday, the gain comes in the wake of the softening U.S economic data amid the hawkish Federal Reserve and its continuing aggressive monetary policy. The soft economic data has raised concerns around economic growth. The hawkish Fed will continue to hike interest rates despite fears of economic slowdown which is causing the US Dollar to weaken and pushing treasury yields lower. Investors are turning to gold as a hedge against the growth concerns, ultimately driving the gold price up. Gold Jun ‘22 Futures Price Chart WTI Crude Futures Crude Oil Futures pushed above $112 on Friday amidst concerns around demands returning to a normal level as China eases their COVID-19 lockdowns and the embargo in Russian oil looming simultaneously occurring as fears of economic slowdown heighten. The post-covid world is seeing average driving mileage increasing in the U.S causing an increase in demand, as well as the EU pushing the ban on Russian oil to be certain by the end of the month. Crude Oil Jun ‘22 Futures Price Chart Cotton futures Cotton futures prices have faced downward momentum over the past week. However, the prices are still high, the raised prices come in the wake of rising demand and tightening supplies. Cotton Jul ‘22 Futures Price Chart Read next: More Expensive Coffee!? Weather Conditions In South America Can Limit Crops. (WTI) Crude Oil Price Recovering, Palladium Prices Rise Amidst Concerns Around Supply  Sources: tradingeconomics.com, finance.yahoo.com
Serious liquidity crisis? According to Franklin Templeton, a massive, but unlikely deposit flight from Credit Suisse would have to happen

US Dollar Is Likely To Experience Volatility In The Coming Weeks (EUR/USD), UK Retail Data Exceeds Market Expectations (EUR/GBP), SNB Turns Hawkish Causing the CHF To Rally (EUR/CHF) - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 20.05.2022 15:22
Summary: Euro showing upside potential. UK economic data exceeds market expectations. SNB turns hawkish, which acts in favour of the CHF. Investors turning to JPY in times of market uncertainty. Read next: (EUR/USD, EUR/GBP) Market Participants Betting On A More Hawkish ECB, A Dovish BoJ Weighs On The Safe-Haven Currency (USD/JPY) - Good Morning Forex!  The US Dollar is likely to experience volatility during the next trading week. Market sentiment for this major currency pair is reflecting a bullish market sentiment. The next trading week is full of economic data releases which are likely to impact the US Dollar, on Thursday the Fed’s preferred inflation reading PCE will give the market an indication of the growing pressures in the U.S. The Euro is also showing upside potential as investors expect the European Central Bank (ECB) will tighten their monetary policy during the summer. EUR/USD Price Chart UK retail data exceeds market expectations. Market sentiment for this currency pair is showing mixed signals. The GBP saw a positive market turn around on Friday after a positive market turnaround. UK sales volume data raised by 1.4% in April following a fall of 1.2% during March. The data release exceeded the market expectation of -0.2%. The data shows that UK households are showing resilience in the current economic environment. EUR/GBP Price Chart CHF rallies on Friday Market sentiment is showing bearish signals for this currency pair. On Thursday the Swiss Franc began to rally after the president of the Swiss National Bank (SNB) announced that they are ready to act on the rising inflation which is currently at 2.5%. EUR/CHF Price Chart GBP/JPY currency pair Market sentiment is showing bearish signals for this currency pair. This currency pair is sensitive to risk appetite, as investors begin to turn away from risky investments, the JPY tends to strengthen due to its safe-haven asset. GBP/JPY Price Chart Read next:Major Index NASDAQ (IXIC) Sell Off After Equities Fall, Will the ECB Turn Hawkish?  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Analysis Of The Ripple (XRP) Price Movement

Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP

Rebecca Duthie Rebecca Duthie 20.05.2022 13:37
Summary: What is the Ripple Platform and how does it work? Advantages of the Ripple exchange. Ripple’s past, present and future price positions. The Ripple Network Ripple was founded in 2012 and was based on the founder of the ripple ledger, Ryan Fugger. The ledger is a cryptographic ledger powered by a peer-to-peer network of nodes. The purpose of Ripple is to service the needs of the financial services industry. The XRP token consistently ranks in the top 10 cryptocurrencies in terms of market capitalization. Peer-to-peer networks refers to the direct exchange of an asset between individuals, the transaction does not involve a central authority. XRP is the native cryptocurrency of Ripple Labs Inc, a cryptocurrency payment system. XRP is Ripples digital asset used for global payments, the cryptocurrency allows the transferring of payments at very low cost which aims to attract the attention of banks and retailers. Ripples superpower is the combination of extremely low costs and completing the transaction in under 5 seconds. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM What makes Ripple Unique? Ripple is a cryptocurrency platform that has been sharpened for over a decade. Ripple is known to be a cryptocurrency built for business use. Ripples enterprise-grade solutions are quicker, more cost-effective and more transparent than the more traditional form of financial assets. The Ripple users use these solutions to facilitate instant payments, find and buy crypto, engage audiences, grow their treasury, drive new revenue and lower capital requirements. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Ripple offers innovation for businesses, governments, financial institutions and more. The Ripple platforms allow for cross border payments to enhance payments with real-time settlement, liquidity management and better access to working capital. Ripple also creates crypto liquidity through the use of an all-in-one platform to hold, trade and buy digital assets, delivering the crypto services users’ customers want. CBDCs implement a scalable, secure, and sustainable central bank digital currency that meets the high security standards of a normal central bank. How does XRP work? Unique mining process: Ripple doesn’t mine, the XRP ledger was pre-mined. 100 billion XRP tokens were created and are released publicly periodically. This has raised concerns that if too many coins are released at once, diluting the value of XRP, this is because part of what gives XRP its value is its scarcity. Ripple owns a portion of XRP, this acts as an incentive to help the crypto grow and be successful over time. The maximum supply of XRP is 100 billion, the current circulating supply 48.34 billion tokens. The current market cap of XRP is around $20.742 billion. XRPs Ripple network somewhat centralizes the network and uses a consensus protocol. Anyone can download and use its validation software, it maintains a unique node list, users can select this list and use it to find participants who they believe are least likely to defraud them. Advantages of Holding XRP: Fast settlement: the confirmation of transactions is very fast, the average time is around 4-5 seconds per transaction. Very low fees: the cost to complete a transaction through the ripple platform is the equivalent of 0.00001 XRP. Versatile exchange network: Ripple platform users are not limited to transactions of only ripple, they can also process fiat currencies and other cryptocurrencies Used by large financial institutions: large enterprises have the opportunity to use Ripple as a transactions platform. Santander and Bank of America are 2 large financial institutions currently using the ripple platform, this is an indication that Ripple network has larger institutional adoption in the market than most cryptocurrencies. Past, present and future prices of Ripple In 2018, the price of Ripple XRP skyrocketed. After the sharp increase in price the value of the token fell drastically. Since then the price of the token has not seen any drastic movements. The price did start to increase again in early 2021 but has since seen some volatility and has not managed to find a particular trend. In the present economic conditions, the global markets, including the crypto market ,have seen a lot of volatility. It has become increasingly clear to market participants that inflation and wider market conditions affect the crypto market too. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM In the future some analysts predict that the price of XRP could reach more than $10 by 2030. However, the crypto markets are volatile and so it is difficult to make accurate predictions. XRP Crypto Price Chart How to buy XRP Users need to find an alternative cryptocurrency exchange to the popular ones, such as Coinbase, Gemini or eToro. Uphold could be an option or purchase outside the U.S or take chances on a decentralised exchange. Follow FXMAG.COM on Google News Sources: coinmarketcap.com, ripple.com, time.com, challengelly.com, forbes.com
Euro Area Final CPI Ahead of ECB's Interest Rate Decision on Thursday

Major Index NASDAQ (IXIC) Sell Off After Equities Fall, Will the ECB Turn Hawkish?

Rebecca Duthie Rebecca Duthie 20.05.2022 09:50
Summary: Despite growing confidence in the stock market, major indices are struggling to keep up with the volatile market. The ECBs turn to a hawkish attitude could lead toward a stronger Euro. Nasdaq loses value during the trading day on Thursday Equity stocks attempted to rebound during trading on Thursday after a sell-off. The sell off came as market participants grew concerned about whether the Fed’s continuous hawkish attitude could cause a slow down in the U.S economy. In general the investor sell-off attitude seems to be easing somewhat, however markets still remain volatile. NASDAQ Price Chart Read next: Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform| FXMAG.COM European Central Banks possible tightening of monetary policy During trading on Thursday the Euro saw some strengthening based on the hopes of a more hawkish European Central Bank (ECB) in the summer. As the European Central Bank looks at a 50bps hike in interest rates this July, investor confidence is starting to restore in the Euro. The Euro showed particular strength against the pound sterling, which simultaneously pushed back their next interest rate hike. Sources: pounsterlinglive.com, finance.yahoo.com Follow FXMAG.COM on Google News
Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform

Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform

Rebecca Duthie Rebecca Duthie 20.05.2022 09:28
Summary: What is the PancakeSwap Platform and how does it work? Advantages of the PancakeSwap exchange. PancakeSwaps past, present and future price positions. The PancakeSwap Platform PancakeSwap is an automated market maker (AMM), a decentralised finance (DeFi) application which allows users to exchange tokens and provides liquidity via farming and earning rewards. PancakeSwap was launched in September of 2020. PancakeSwap users trade against a liquidity pool, which are filled by users with deposits and in return receive liquidity provider (LP) tokens. The liquidity provider tokens can later be used to reclaim their deposits plus a portion of the trading fees. PancakeSwap also allows users to farm CAKE and SYRUP tokens, users can deposit liquidity provider tokens and receive CAKE as a reward. Current circulating supply is more than 296 million, with a maximum supply of 750 million tokens. The current market capitalisation is more than $1.3 billion. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM PancakeSwap allows users to trade BEP20 tokens (token on the Binance smartchain), and provides liquidity to the exchange and earn fees, stake liquidity provider tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects. CAKE is a BEP20 token, which originally launched on the Binance smartchain, the CAKE tokens main purpose is to try and incentivise the liquidity provision to the PancakeSwap platform. What makes PancakeSwap unique? Due to the automated market maker model, PancakeSwap does not have any order books and so liquidity pools are used instead. Users can earn income through becoming a liquidity provider, this is done through adding their tokens into the liquidity pool and from there they can farm liquidity provider tokens and stake their CAKE, whereby they can earn rewards. PancakeSwap uses a process called farming, which refers to the process of depositing liquidity provider tokens and locking them up. Farming gives users a reward earning opportunity. The tokens can be unstaked without any waiting period. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM PancakeSwap is one of the most popular decentralised platforms that is available to users for trading, winning crypto and earning. The platform is trusted with billions by millions. PancakeSwap has the most users of any decentralised platform, ever. The platform has 2.9 million users over 40 million trades in the last 30 days and a stake of $4.8 billion. PancakeSwap is the leading decentralised exchange available on the Binance (BNB) smart chain and has the highest trading volumes in the market. The fact that PancakeSwap runs on the Binance smartchain means that automatically the transaction fees are lower. The fees are also lower than any of the other top decentralised exchanges. The decentralised aspect of the PancakeSwap platform allows users to trade directly from the wallet app, unlike centralised exchanges, PancakeSwap does not hold their users funds, the users’ cryptocurrency is 100% their own. Earn tokens with Syrup pools, when users stake CAKE, they can earn free tokens. The CAKE Syrup pools are known as the easiest way to earn free tokens on PancakeSwap. The syrup pools in crypto are special staking processes. Advantages of holding PancakeSwap: It solves the problem of growing centralisation in the market, by exiting the confines of the Ethereum ecosystem and the regulation and uncertainty that comes with the Ethereum blockchain. Selection: PancakeSwap allows users access to new tokens, in addition the platform allows users to transfer all kinds of other tokens (USDT, BTC, BUSD and ETH) from the ETH chain to the BSC chain by using the deposit features. Users of PancakeSwap gain access to all the top projects in the market. Interconnectivity: the platform was built with the intention to link multiple wallets such as Trust Wallet, TokenPocket, WalletConnect and more. The point of linking wallets was to try to ensure users are able to trade between the PancakeSwap platform and the Ethereum platform. PancakeSwap linked the blockchains as they knew a large portion of their user base would likely come from the Ethereum platform. Ease of Use, users do not need prior experience to use the PancakeSwap platform. PancakeSwap Transactions are cheaper, the average transaction on the platform sits at around $0.08. PancakeSwap is faster, in many cases the transaction time is 5 seconds or less. Profits, PancakeSwap is consistently introducing innovative ways to create new income streams. Private, the platform doesn’t require an intense signup process, all users need to do is sign up and add their wallets. PancakeSwap is proven to be very secure. Follow FXMAG.COM on Google News Past, present and future prices PancakeSwaps (CAKE) price didn't take very long to begin to see gains. The cryptocurrency hit its peak price in May of 2021, and has since seen an overall downward trend mixed with volatility. In the past 24 hours PancakeSwaps value has increased in value, so far the month of May in 2022 has seen volatility in all markets across the board including the cryptomarket. According to certain analysts going in the future to 2030, the price of PancakeSwap could reach $188. However, markets are volatile and so it is difficult to make an accurate prediction. PancakeSwaps Price Chart Sources: coinmarketcap.com, finance.yahoo.com, docs.pancakeswap.finance, pancakeswap.finance, securities.io, crowdwisdom.live
US Inflation Slows as Spending Stalls: Glimmers of Hope for Economic Outlook

(TSLA) Tesla Gets Kicked Of The S&P 500 ESG Index

Rebecca Duthie Rebecca Duthie 19.05.2022 13:35
Summary: Tesla gets kicked off the S&P 500 ESG index. Tesla's stock price has also seen major volatility in the past week, with rising investor concerns around the removal from the S&P 500 ESG index On Wednesday, the Electric Vehicle company Tesla, founded by the world's richest man, Elon Musk was dropped from the S&P 500 ESG index. The index moved to remove Musk amidst claims of social discrimination and crashes due to the autopilot vehicles. Shortly after Tesla was removed, Musk took to twitter and tweeted that “ESG is a scam”. There are other factors that lead to the removal of Tesla, such as a lack of publishing details regarding low energy or business conduct codes. Tesla's stock price has also seen major volatility in the past week, with rising investor concerns around the removal from the S&P 500 ESG index, Musks on-and-off Twitter deal and the CEOs political tweets regarding the Republican and Democratic parties in the U.S TSLA Price Chart Read next: (TGT) Target Delivers Disappointing Earnings Results To The Market  Sources: finance.yahoo.com, economictimes.indiatimes.com
Australia Is Expected To Produce A Bumper Year Of Crops

The UN Is Stepping In To Help Wheat Exports, Platinum Prices Experiencing Volatility and The West Turns To Asia For RBOB Gasoline Supply

Rebecca Duthie Rebecca Duthie 19.05.2022 13:13
Summary: The UN plans to help bring wheat prices down and even out exports. Concerns around supply and demand causing Platinum price volatility. Asia beginning to supply the west with gasoline Read next: More Expensive Coffee!? Weather Conditions In South America Can Limit Crops. (WTI) Crude Oil Price Recovering, Palladium Prices Rise Amidst Concerns Around Supply  Wheat prices calm as the UN steps in The price of wheat futures have dropped in the wake of the UNs announcement of their plans to “revamp” wheat exports, especially those that were affected by the war in the Ukraine. Expectations of an increase in control over wheat exports and therefore more certainty around supply has brought the price of wheat slightly down. Concerns around supply of wheat have been heightened by the Ukraines issues around exporting as their ports are being targeted by the Russian forces, in addition, the wheat supply from India has been stripped away from the international market. Wheat Jul ‘22 Futures Price Chart Platinum prices seeing volatility On Wednesday the price of platinum futures hit $950, the price rise came amidst concerns that there will be an increase in demand in the automotive industry and a falling supply which is due to reduce the current surplus the metal has. There are concerns around supply due to the sanctions on Russia and operational problems with some of the largest producers in South Africa. Platinum Jul ‘22 Futures Price Chart RBOB Gasoline futures prices fall Although the price of RBOB gasoline futures is decreasing the demand is expected to increase in the summer as driving increases, putting the supply under even more pressure. The West is turning to Asia to supply them with gasoline barrels, the increased supply is driving the price down, however whether or not that will last is under question. RBOB Gasoline Jun ‘22 Futures Price Chart Read next: (XAUUD) Gold Regains Investor Interest As The Dollar Weakens, NGAS Prices Going Up, Cotton Price Rising Along With Concerns Around Supply   Sources: finance.yahoo.com, tradingeconomics.com
Market Trends and Currency Positioning: USD Net Short Position, Euro and Pound Analysis - 22.08.2023

(EUR/USD, EUR/GBP) Market Participants Betting On A More Hawkish ECB, A Dovish BoJ Weighs On The Safe-Haven Currency (USD/JPY) - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 19.05.2022 12:39
Summary: The market sentiment for the EUR/USD currency pair turns mixed. Inflation and economic data weighing on the GBP. BoJ continues to fight rising interest rates. AUD strengthens amidst favourable unemployment data. The market seems to be favouring the Euro for a change The market is signalling mixed market sentiment for this currency pair. The U.S dollar lost ground to the EUR during Thursdays early trading, however, the demand for the safe-haven asset remains steady due to investor risk sentiment still being fragile. Earlier this week the Fed announced they would push interest rates as high as necessary to fight the surging inflation. On Thursday the market is waiting for the minutes from the latest European Central Bank (ECB) meeting to be released, hoping there will be an indication of a tightening in monetary policy. Read next: (EUR/USD) Hopes Of A Hawkish ECB Shows Favour To The Euro, (EUR/GBP) UK CPI Inflation Data Knocks The Pound Sterling - Good Morning Forex!  This begs the question: despite the Fed's already hawkish monetary policy, why is the market not pricing in much for the hawkish Fed, but pricing in a lot for the European Central Bank (ECB) ? EUR/USD Price Chart BoE and ECB expected to raise interest rates The market is reflecting a mixed market sentiment on Thursday. Earlier in the trading week, UK economic data releases weighted on the value of the Pound Sterling, global investor sentiment and the current equity bear market are both aspects that could mean further losses for the GBP. Earlier on in the trading week, the GBP gained on both the Euro and the US Dollar, but a midweek sentiment turn around has bought the Pound Sterling back down. Both the ECB and the Bank of England (BOE) are expected to raise interest rates. EUR/GBP Price Chart Follow FXMAG.COM on Google News! USD continues to beat the JPY The Japanese yen seems to be an underperformer in the past week, perhaps this is due to the rising U.S yields by the Fed amidst the Bank of Japan (BoJ) fighting against tightening their monetary policy. Should the market face a big risk-off sentiment, the JPY might see some gains, however in this currency pair, it may not be noticeable due to the USD also being seen as a safe-haven currency. USD/JPY Price Chart AUD regains some investor confidence Market sentiment for this currency pair is bullish. Investor confidence has increased in the Australian Dollar after the unemployment rate for April came in at 3.9% which not only exceeded market expectations but is also the lowest rate since the 1970s. AUD/JPY Price Chart Read next: (EUR/USD, EUR/GBP) Euro Strengthens In The Wake Of Villeroys Comments On Monday, (AUD/JPY), (GBP/USD) Pound Sterling Showing Strength - Good Morning Forex!   Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Pound rises despite Boris turmoil

(GSPC) The S&P 500 Saw Further Losses On Wednesday Amidst Retailers Earnings Reports, Pound Sterling CPI Inflation Data Exceeds Expectations

Rebecca Duthie Rebecca Duthie 18.05.2022 19:20
Summary: Retailers earnings reports weighing on investor sentiment, causing the S&P 500 to fall. The GBP may see some relief. Read next: (DJI) Retail Stocks Help Push Dow Jones Industrial Average Price Up, Another Crypto Loses Value In The Market  S&P 500 loses value. After a series of disappointing first quarter earning results from a number of retailers, the broader market has faced negative market sentiment. The poor results confirms the market's concerns regarding the rising inflation and the impact it is having on corporate profits. Earlier in the trading week, it seemed as though investor confidence was improving, the retailers earnings reports have counteracted that hopefulness. The poor performance from these major retailers has caused the S&P 500 stock price to fall almost 3% on Wednesday. S&P 500 Price Chart Pound Sterling CPI Inflation Report On Wednesday, the Pound Sterling experienced a knock on the foregn exchange market after UK CPI Inflation came out at 9%. Although the market was expecting a figure of 9.1%, the actual figure is 2% higher than the 7% reflected in March. Most of the inflation hike has been attributed to the rising energy costs experienced in April. The UK market and Pound Sterling may see some relief due to the CPI inflation target exceeding investor expectations. Read next: (TGT) Target Delivers Disappointing Earnings Results To The Market  Sources: poundsterlinglive.com, finance.yahoo.com
Litecoin Finally Saw A Deeper Corrective Decline

Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform

Rebecca Duthie Rebecca Duthie 18.05.2022 18:40
Summary: What is the Litecoin Platform and how does it work? Advantages of the Litecoin exchange. Litecoin’s past, present and future price positions. Read next: Altcoins: What Is FTX (FTT Token)? - A Deeper Look Into The FTX Platform  The Litecoin Platform Litecoin is a peer-to-peer cryptocurrency and an open-source software project that was released unde the MIT/X11 license. Litecoin started in October 2011 as one of the first altcoins. Litecoin expands on the original Bitcoin (BTC) technology. Peer-to peer cryptocurrencies refer to transactions between two parties of some asset (such as digital currency) that does not require involvement from a central authority. LTC, Litecoins native coin LTC is the native cryptocurrency of the Litecoin Platform, the coins market capitailisation is over $4.7 billion, the current total circulating supply is 70.31 million coins and has a maximum supply of 84 million coins. Litecoin was the one of the first altcoins to enter the market, and currently sits in 21st position in terms of market capitalisation. Litecoin improved on the Bitcoin technology in a multitude of ways, some of these include faster processing speeds and lower transaction costs. The primary goal for Litecoin when it was launched, was to create another version of Bitcoin that is scalable and is aimed at smaller transactions. Is Litecoin a good investment? Although Litecoin does improve on Bitcoin technology, it still presents risks to investors. When the coin was first released, its technology was unique in the market, however since then, the uniqueness of the coins structure has began aging. Currently there are many other altcoins that are offering the same benefits and efficiency as Litecoin. Thanks to the age of Litecoin, this cryptocurrency holds value better than its younger altcoin counterparts who have smaller market capitalisations. Litecoin is a decentralised platform that has no censorship and is available to all. Users can send low cost, private, secure borderless payments to anyone they choose at anypoint and to anywhere in the world. Litecoin is blockchain secured, meaning that it is the largest global scrypt based network operating at 100% since 2011, tracasting and securing billions of dollars of value. Decentralised platform, it is not necessary to get approval to join the new age of money, it is easy to download a free exchange wallet and to invest in the future of finance. Evolving and immutable platform, Litecoins has lightning which is a development pioneers technology that allows instant global settlement of funds and atomic swaps for cross blockchain trustless trading. Where to invest in Litecoin: Users need to open a crypto exchange account, which will offer users access to a trading platform where they can buy and sell cryptocurrencies through placing buy and sell orders. Some examples or crypto exchanges that have Litecoin available: Coinbase, eToro, Gemini and many more. Advantages of investing in Litecoin (LTC): Lower transaction costs. With the Bitcoin platform, users lose part of their Bitcoin value when they transact between exchange wallets through a verification fee, this happens with Litecoin aswell, except the verification fee is lower than Bitcoins when transfers are initiated. Faster transaction speeds: the improved Litecoin network doesnt only extend its processing fees, it also allows users to send coins faster than the Bitcoin blockchain does. For example, the average Bitcoin transaction takes around 10 minutes whereas the average Litecoin transaction takes around 2.5 minutes. Open-source platfrom: the Litecoin platform is build on a naturally open-sourced fork of the Bitcoin Core Client. This makes it easier for the platform developers to implement new features and adjust the system in order to keep up with the ever-changing market. The platforms flexibility also allows the developers to implement software development security parts regularly in order to keep up with hackers and their innovative methods. Recognisability: Litecoin has been on the market for some time and despite its modern technological irrelevance, the coin remains one of the more well-known altcoins. Past, present and future prices of LTC In the past, it took Litecoin more than two years for its price to show any upward movements, this is likely due to the fact that cryptocurrency trading was not as popular back when they were first launched as they are now. Investors were even more uncertain of the crypto market than they are now. The price of Litecoin started to see some growth around the start of 2017, since then the price has fluctuated a lot, reflecting the volatility in the crypto markets. Since the start of the year the change in price of LTC has been less than -53%. Currently the broader financial markets have been taking strain, causing the cryptocurrency markets to express more than usual volatility. In the future analysts predict that the price of Litecoin (LTC) is expected to grow according to price predictions. Litecoin (LTC) Price Chart Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!?  Sources: finance.yahoo.com, litecoin.com, benzinga.com, coindesk.com, cryptonewsz.com
Declines At The Close Of The New York Stock Exchange, The Drop Leaders Were Nike Inc Shares

(TGT) Target Delivers Disappointing Earnings Results To The Market

Rebecca Duthie Rebecca Duthie 18.05.2022 14:13
Summary: Target share price tanks after earnings release. Retailers getting blindsided by higher costs Targets earnings announcement leaves investors shorting the stock Target Corporation's stock tanked on Tuesday after they released their first quarter earnings, their adjusted earnings per share came in well below investor expectations. However, it was not only the first quarters earning report than sent the share price tumbling, the retailer announced they expected the second quarter that its income margin rate is unlikely to be similar to the first quarters 5.3% operating income margin rate. Supply chain issues have also increased costs Target claims to have been blindsided by rising prices in the current environment, causing many financial indicators to come out lower than expected. In addition, supply chain issues have also increased costs. Despite sales rising as customers are having to spend more to buy more (due to rising inflation) profits are still struggling. Target Price Chart Read next: (DJI) Retail Stocks Help Push Dow Jones Industrial Average Price Up, Another Crypto Loses Value In The Market  Sources: finance.yahoo.com, barrons.com
Energy and Metals Decline, Wheat Rallies Amid Disappointing Chinese Growth

(EUR/USD) Hopes Of A Hawkish ECB Shows Favour To The Euro, (EUR/GBP) UK CPI Inflation Data Knocks The Pound Sterling - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 18.05.2022 13:55
Summary: The Euro claws back marginally against the USD. UK CPI inflation data knocks the Pound Sterling against both the Euro and The USD. USD/CAD bearish. Read next: (EUR/USD, EUR/GBP) Euro Strengthens In The Wake Of Villeroys Comments On Monday, (AUD/JPY), (GBP/USD) Pound Sterling Showing Strength - Good Morning Forex!  EUR showing signs of potential recovery Market sentiment for this currency pair is showing bullish signals on Wednesday. The Euro gained 1.1% on the USD overnight, however it lost more than 0.3% during the trading day on Wednesday. In general, investor confidence has been returning to the market, this has been helped by the fact that U.S retail sales rose in April. It seems as though the Fed will continue to tighten monetary policy in conjunction with expectations that the European Central Bank (ECB) will turn hawkish after representative Klaas Knot suggested an interest rate hike is on the table. EUR/USD Price Chart UKs CPI Inflation knocks the Pound Sterling The market sentiment for this currency pair is showing bearish signals. The Euro has gained on the GBP after UKs headline CPI inflation rate came out at 9% for April, which beat market expectations, however is still up 2% from March. The most recent data for the UK economy did not shock the markets, therefore, the long-term effect of this data is unlikely to have a big effect on the Pound Sterling. At the last policy-setting meeting, the Bank of England (BoE) pushed interest rates up by 1%, the recent CPI inflation data suggests that the BoE will likely need to continue tightening their monetary policy. EUR/GBP Price Chart USD/CAD currency pair The USD/CAD currency pair is signalling bearish market sentiment, this bearish sentiment is not expected to continue for long in the future. With the hawkish Fed fighting inflation, the USD is expected to get stronger going forward. USD/CAD Price Chart Pound Sterling loses to the US Dollar The market sentiment is showing bullish signals for this currency pair, however the GBP has weakened against the USD on Wednesday. The weakening of the Pound Sterling comes after the release of CPI inflation data. GBP/USD Price Chart Read next: (EUR/USD, EUR/GBP, EUR/CHF) ECBs Hint To Raise Interest Rates Offers Some Relief For The Euro - Good Morning Forex!  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Securing Battery Metal Supply Chains: Challenges and Opportunities Amid the Global Energy Transition

More Expensive Coffee!? Weather Conditions In South America Can Limit Crops. (WTI) Crude Oil Price Recovering, Palladium Prices Rise Amidst Concerns Around Supply

Rebecca Duthie Rebecca Duthie 18.05.2022 12:35
Summary: With China likely to ease lockdowns and the Russian oil embargo, WTI Crude prices are rising. Coffee futures prices are rising again amidst concerns around supply. Concerns around supply heighten for Palladium.   WTI Crude Oil recovering WTI Crude Oil futures have been recovering this week after the poor market performance last week. Going forward, it is likely that the market will see oil prices go up, therefore raising gas prices as well. Despite the lockdowns in China suppressing oil demand, the possibility of the lockdowns being lifted the market will see the demand rise. The Russian oil embargo is likely to get tighter, which is heightening investors' concerns around the supply of oil, which is also pushing up the price. U.S President Joe Biden's attempt at reducing prices through releasing some of the U.S Crude Reserves into the market has not made a very noticeable impact so far, the release is expected to last until November. WTI Crude Oil Futures Price Chart Read next: (XAUUD) Gold Regains Investor Interest As The Dollar Weakens, NGAS Prices Going Up, Cotton Price Rising Along With Concerns Around Supply   Coffee futures recovering amidst supply concerns Coffee futures prices are recovering in the wake of the poor market performance of last week. The prices are rising again over concerns around weather conditions in South America as the coffee farmers in Brazil are expecting frost in the coming days. The adverse weather conditions could affect the coffee crop and lead to a poor harvest in the future. There are also expectations on smaller supplies from Columbia. With concerns around coffee supplies across the board, the price of futures is rising. Coffee Jul ‘22 Futures Price Chart Concerns around Palladium supply are pushing up the futures prices Palladium futures rose above $2000, it is possible that the market could continue to see this growth as the reduced supply from Russia continues and a deficit supply from South African suppliers heighten concerns. South African producers are facing operational challenges, causing their output to decrease. Palladium Jun ‘22 Futures Price Chart Read next: Commodities Prices Recovering After Poor Performance Early Last Week - Brent Crude Oil Prices, Silver Prices Fall As Investors Shy Away From Precious Metals & Corn  Sources: tradingeconomics.com, finance.yahoo.com  
US Nonfarm Payrolls Disappoint: Impact on Dollar and EUR/USD Analysis

(DJI) Retail Stocks Help Push Dow Jones Industrial Average Price Up, Another Crypto Loses Value In The Market

Rebecca Duthie Rebecca Duthie 17.05.2022 19:33
Summary: DJIA sees an overall increase on Tuesday. DEI Crypto loses is 1-to-1 US Dow Jones index rallies on Tuesday amidst retailers earning announcements Since the market opened on Tuesday, the Dow Jones has rallied almost 1%. This increase comes as U.S retail stocks beat investor estimates. Although Walmart's (WMT) stock fell after they made their earnings announcement on Tuesday, other retail stocks such as Home Depot, JD.com (JD), Sea (SE) and On Holding (ONON) saw gains causing an overall increase in the index. DJIA Price Chart Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Cryptocurrency DEI faces big losses on Tuesday In the current wider economic market, it has become clear to investors that cryptocurrency prices are in fact correlated to events on the stock market. UST and Luna have faced huge losses recently and another crypto seems to be following suit, DEI. DEI has just lost its 1-to-1 peg with the US Dollar and has lost 20% on the cryptocurrency market today. This fall created a mismatch and DEI’s collateral ratio dropped more than 40%, this makes the redemption of DEI coins due to the lack of capital backing the stable coin. The creators of DEI Deus Finance have suspended the coin redemption in an attempt to stabilize the coin's price. DEI Price Chart Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Sources: finance.yahoo.com, thestreet.com
Altcoins: What Is FTX (FTT Token)? - A Deeper Look Into The FTX Platform

Altcoins: What Is FTX (FTT Token)? - A Deeper Look Into The FTX Platform

Rebecca Duthie Rebecca Duthie 17.05.2022 15:57
Summary: What is the FTX Platform and how does it work? Advantages of the FTX exchange. FTX’s past, present and future price positions. The FTX platform and FTT token The FTX token (FTT) is the backbone of the FTX ecosystem. The current circulating supply of FTT is over 260 million, a current market cap of more than $8.4 Billion, the max supply is 332,173,812 tokens. FTT is the token of the crypto derivatives FTX, The FTX platform launched in May 2019. FTX is focused on trading many assets, such as derivatives, options, leveraged tokens and volatility products. FTT has leveraged tokens, which means traders can trade leveraged positions without the need to trade on margin. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM FTX’s creators The founders of FTX are some of the largest crypto traders who decided to create their own platform after finding many issues with most mainstream crypto exchanges. According to its creators, FTX stands out from other mainstream platforms due to its clawback prevention, centralised collateralised pool and universal stablecoin settlement features. FTX reduces the clawbacks on the platform by making use of a three-tiered liquidation model. Clawbacks refer to the amount of user funds that have been claimed by socialised losses. FTX derivatives are stable-coin settled and only require one universal margin wallet, this prevents fragmented capital across different wallets and exchanges which normally poses a problem for traders when it comes to liquidating positions. FTT has leveraged tokens, which means traders can trade leveraged positions without the need to trade on margin. FTT is an ERC-20- compatible exchange token. The Ledger Nano X/S hardware wallet allows users to securely store and manage FTT tokens via its Ethereum app. Both the leveraged tokens and FTT’s security audits are done by the Blockchain Consilium auditing firm. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM FTX is unique because it is backed by Almeda Research, which is well known as one of the leading companies in crypto trading and one of the largest liquidity providers. FTX covers services such as collateral, maintenance margins, liquidation processes and product listing. They are focused on fast development cycles which allows them to deploy crypto trading systems at competitive speeds. How to buy FTT: FTT is available on many crypto exchanges, such as binance, FTX and many more. The FTX exchange has not taken long to build up a reputation in the cryptocurrency market, it is known to be a fully-featured and robust trading platform. The FTX platform supports more than 275 cryptocurrencies The FTX platform supports more than 275 cryptocurrencies on its exchange, they are constantly expanding to add more cryptocurrencies to their exchanges, this makes it easy to access many trading options. Users are able to deposit to FTX in many different fiat currencies with no fees, trading is then made easy and only requires small fees, fees can be discounted if users are large volume holders as well as holding FTT tokens. The platform also offers spot trading for beginners, which include: stocks, leveraged positions, futures, and more. Advantages of the FTX platform and FTT token: Fast and easy to swap one coin or currency to another. Offers a mobile app for IOS and Android. Supports more than 275 cryptocurrencies. Low trading fees with discounts available. Stacking available: the ability to earn interest on cryptocurrencies. Hold and stake FTX’s tokens and receive benefits. NFT marketplace - buy and sell NFTs. 1% of all net fees donated to charities. FTX pay - an option to get paid in fiat currency or cryptocurrency. Advanced markets - forex, futures, volatility, leveraged tokens, stocks. Extremely secure exchange - suspicious activity is monitored. Past, present and future prices In the beginning, it took almost a year for the price on FTT to take off and gain traction but it soon saw high growth in 2021. Since then the price movements have shown volatility with no true trend. Currently the price of cryptocurrencies within the crypto market have been experiencing a lot of volatility, this is combining as a result of the volatility that is being experienced by the wider market. According to some analysts, going forward, FTTs price is expected to reach more than $90 in 2025. However, due to the volatility of the cryptocurrency markets and uncertainty around regulating the crypto markets, it is difficult to make accurate price predictions. FTT Price Chart FTT is not available in the United States or other jurisdictions that are prohibited. To allow users access to the FTX platform, the exchange created FTX US, which is distinct from the main platform and has fewer features and offerings. FTX has committed to buying FTT on its FTT/USD market, the purchased FTT will be burned weekly according to a schedule adopted by FTX. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network  Sources: finance.yahoo.com, coinmarketcap.com, ftx.us, marketplacefairness.org, cointelegraph.com, cryptonewz.com
The Forex Market Is Under Strong Pressure From Geopolitical Events And Statistics

(WMT) Walmart Earnings Report Fall Short Of Market Expectations

Rebecca Duthie Rebecca Duthie 17.05.2022 14:08
Summary: Earnings report caused WMT shares to fall sharply. Rising prices causing unexpected operating costs. Walmart earnings leaving investors bearish On Tuesday Walmart released their first quarter earnings report, which fell short of market expectations. In addition the retail giant cut its full year profit forecast as Walmart feels the consequences of rising costs. Read next: (TWTR) Musk Twitter Takeover Bid On Hold - What’s It Going To Be Elon Musk?  Walmarts EPS fell short of analyst expectations, and additionally indicated that they expect to see a 1% drop in revenue for the 2023 financial year. CEO Doug McMilon indicated that although the results were unexpected, they are a reflection of the current market environment and the rising inflation, especially in food and fuel, were main drivers of unexpected operating costs. Pre-Market trading saw Walmarts shares fall by 6.75%. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Walmart Share Price Chart Sources: thestreet.com, finance.yahoo.com
Central Banks' Rates Outlook: Fed Treads Cautiously, ECB Prepares for Hike

(XAUUD) Gold Regains Investor Interest As The Dollar Weakens, NGAS Prices Going Up, Cotton Price Rising Along With Concerns Around Supply

Rebecca Duthie Rebecca Duthie 17.05.2022 12:11
Summary: A weakening US Dollar driving the price of gold up. NGAS prices are in recovery mode. Cotton prices rise. Read next: Commodities Prices Recovering After Poor Performance Early Last Week - Brent Crude Oil Prices, Silver Prices Fall As Investors Shy Away From Precious Metals & Corn  Gold (XAUUD) Gold gained on Tuesday after experiencing a consistent price fall during the trading week last week. The recovery in gold comes with the softening dollar. The weaker dollar makes gold more attractive to investors who are holding other currencies as it is considered a safe haven asset and a hedge against inflation. Gold Jun ‘22 Futures Price Chart NGAS Price back on the rise. Natural Gas prices are back on the rise. Investors are going long on NGAS futures as more Russian Oil disappears from the market, causing concerns around supply to intensify. As China prepares to ease lockdown restrictions, it is likely the world will see even more of a supply shock as the demand will increase with the reopening of the Chinese markets. NGAS Jun ‘22 Futures Price Chart Cotton Prices rise along with concerns around supply. Cotton prices have been rising during the trading week, this is because of a possible increase in demand as China prepares to ease lockdown restrictions running in conjunction with concerns around supply. The U.S are expecting lower than normal production this year due to the adverse weather conditions. Cotton Jul ‘22 Futures Price Chart Read next: (XAUUSD) Gold Struggles To Keep Up With The Strengthening US Dollar, Concerns Around Demand For Crude Oil, Concerns Around Copper Supply May Ease  Sources: tradingeconomics.com, finance.yahoo.com
(EUR/USD, EUR/GBP) Euro Strengthens In The Wake Of Villeroys Comments On Monday, (AUD/JPY), (GBP/USD) Pound Sterling Showing Strength - Good Morning Forex!

(EUR/USD, EUR/GBP) Euro Strengthens In The Wake Of Villeroys Comments On Monday, (AUD/JPY), (GBP/USD) Pound Sterling Showing Strength - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 17.05.2022 11:37
Summary:Villeroys comments on the weakness of the Euro.AUD is likely to face pressure in the wake of the poor economic data coming out of China.GBP benefiting from favorable economic data release regarding wages and unemployment.Euro gains on the USDOn Tuesday the Euro gained more than 0.5% on the USD, in addition the market sentiment for this currency pair turned bullish. The bullish sentiment and rise in the price of the EUR/USD currency pair comes in the wake of European Central Bank (ECB) representative Villeroy expressing his concerns around the adverse effects a weak Euro would have on price stability. On Monday Eurozone government bonds rose to multi-year highs, Villeroy stated that the weakness of the Euro on currency markets could steer the ECB from reaching their inflation targets. EUR/USD Price ChartPound Sterling gains on the EuroMarket sentiment is bearish for this currency pair, the Pound Sterling has been getting the better of the Euro on Tuesday, with EUR/GBP losing almost 0.8%. Despite the adverse economic conditions in the UK, the currency seems to be showing slight signs of recovery. However, this recovery may be short lived, as the Bank of England (BoE) approaches the end of their interest rate hiking cycle, the Pound Sterling is likely to be left vulnerable to its counterparts. EUR/GBP Price ChartAUD shows strength despite poor Chinese economic dataOn Tuesday the AUD gained more than 1% on the JPY, despite this increase, market sentiment is showing bearish signals. The Bank of Japan (BoJ) representatives continue to stress the importance of monetary policy easing in supporting the economy. In conjunction, the AUD is under pressure after China released their economic data on Monday, the AUD is vulnerable to the poor economic data from China, this is driving the bearish sentiment. AUD/JPY Price ChartGBP benefitting from favorable economic dataThe GBP/USD currency pair is showing bullish market signals. On Tuesday the Pound Sterling has gained more than 1.2% on the US Dollar, this comes as the Bank of England (BoE) released data on unemployment and wages that surpassed market expectations. As a result, this data has seemed to change investor attitude toward the UK economy. GBP/USD Price ChartSources: dailyfx.com, poundsterlinglive.com, finance.yahoo.com
(IXIC) NASDAQ Loses More On Monday, Villeroys Comments Leaves Investors Hopeful For EU Bonds This Summer

(IXIC) NASDAQ Loses More On Monday, Villeroys Comments Leaves Investors Hopeful For EU Bonds This Summer

Rebecca Duthie Rebecca Duthie 16.05.2022 19:31
Summary: Economic news from China affecting the US stock market. The possibility of a recovery of the Euro. NASDAQ falling again After China released their poor economic data in the wake of the covid lockdowns around the country, the NASDAQ experienced poor performance on Monday. The Chinese economic data added to worries of economic slowdown against the simultaneous Federal Reserve’s aggressive monetary policy. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network | FXMAG.COM This declining NASDAQ on Monday follows the week-long decline experienced by the main indexes. In addition, investors are concerned that the aggressive Fed continuously tightening monetary policy may tip the US economy into a recession, also affecting the NASDAQ index. NASDAQ Price Chart EUR/USD Historically, the month of May is usually a good month for the value of the US Dollar. In the past it has been normal for European currencies to weaken during May. On Monday European Central Bank (ECB) representative Villeroy commented on concerns regarding the weakening Euro and the adverse effects it could have on reaching inflation targets. This comment sparked investor interest as it indicates the possibility of a busy summer for the ECB regarding treasury yields. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Sources: finance.yahoo.com
Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!?

Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!?

Rebecca Duthie Rebecca Duthie 16.05.2022 18:54
Summary: What is Monero and how does it work? Advantages of Monero Past, present and future prices of Monero Background of Monero Cryptocurrency Launched in 2014, Monero is a privacy-orientated and open-source cryptocurrency. Its blockchain is not transparent, this makes every transaction untraceable and maintains the users’ anonymity. Its privacy makes Monero an attractive tool to use for illicit activities on the dark web. Moneros token is represented by “XMR”. It has a current circulating supply of over 18 million tokens, with an unlimited supply and a current market capitalisation of more than $3.1 billion. Investors are able to mine their own tokens Investors are able to mine Monero using their own CPUs, which means paying for special hardware is not necessary. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Moneros mining concept is based on the belief that every person using the platform is equal and therefore, deserves equal opportunities. When the blockchain was launched, the developers did not keep any stake for themselves, but they did bank on contributions and community support to further develop the virtual currency. Monero is the leading cryptocurrency that is focused on privacy Monero is currently the number one cryptocurrency that is focused on private and censorship-resistant transactions. Unlike major crypto platforms such as Bitcoin and Ethereum who have transparent and traceable blockchains, Moneros platform prioritises privacy by making use of privacy-enhancing technologies, this way Moneros users remain anonymous. Moneros transactions are untraceable and confidential, the platform is currently the only one whose users anonymity is guaranteed from the start. In order to keep the sender, receiver and transaction amount, the platform makes use of 3 technologies: Stealth Addresses: automatic one-time addresses for every transaction. Ring signatures: a group of cryptographic signatures with at least one real participant, but there is no specific way to know which in the group is the real one as they all appear valid. Ring CT: a way of hiding the amount of money in the Monero transaction. Monero’s fungibility Because there is no transparency in Monero and its untraceability, it is a true fungible currency. Fungible in this context refers t o the property of a currency where two units can be substituted in place of one another. Those who accept Monero transactions do not need to be concerned over tainted or blacklisted coins. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network | FXMAG.COM Monero is electronic cash that allows fast, inexpensive transactions without borders. With the Monero platform, there are no wire transfer or check clearing fees, no fraudulent chargebacks and no multi day holding periods. Monero is decentralised, therefore there are no constraints by legal jurisdictions and provides safety from capital control. Monero attracts the world's best cryptocurrency researchers and engineering talent Monero attracts the world's best cryptocurrency researchers and engineering talent. Monero leads in the security within cryptocurrencies market, they have a research team who are consistently trying to improve on the technology for the platform. Monero relies on proof-of-working mining, which is an algorithm that provides security to certain cryptocurrencies. proof-of-work also prevents errors in the system regarding double spending which can skew supply. Buying Monero: Either buying the currency through an exchange Looking for a seller. Through an automated teller machine (ATM) that is enabled for cryptocurrency purchasing. Is Monero Illegal? Although some aspects of Monero sound as though they are illegal, Monero is infact a legal cryptocurrency. Due to its privacy aspect, the currency is popular on the dark web and is often used for trading on the black market, gambling and purchasing and selling of drugs. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Advantages of Investing in Monero: Its development is focused on a high security, privacy and anonymity guarantee. Transactions are not link-able in any way to any Monero user. The blockchain does not have a block size limit and is dynamically scalable. Even when the Monero total is mined, 0.6 MXR per block will be created to incentivize miners. It has gained a lot of growth regarding its price. Selective transparency, any user transactions visible to the people they choose to share them with. Past, Present and future prices: Some investors believe that if investors are looking to enter the crypto market, Monero could be a good investment, its token price jumped 231% between August 2020 to August 2021. The growth of Monero during this time period impressed stock markets. Recently, the greater financial markets, including the cryptomarkets have been experiencing volatility across the board. There is hope amongst experts that Monero will continue to grow until the end of 2022, and strengthen even further into the future as well. Some experts predict that by 2030, Monero tokens could be worth over $3000 Monero (XMR) Price Chart Sources: academy.bit2me.com, getmonero.org, finance.yahoo.com, investopedia.com
(TWTR) Musk Twitter Takeover Bid On Hold - What’s It Going To Be Elon Musk?

(TWTR) Musk Twitter Takeover Bid On Hold - What’s It Going To Be Elon Musk?

Rebecca Duthie Rebecca Duthie 16.05.2022 16:05
Summary: Twitter takeover bid temporarily on hold, again The future of Twitter lies in the hands of Musk's next move Twitter share price fell almost 5.7% on Monday. This price fall comes after the Tesla CEO tweeted that he had violated the social media platforms non-disclosure agreement, which could lead to further delays in the takeover bid. On Saturday Musk tweeted that twitter's legal team called him to tell him he had violated their non-disclosure agreement by revealing the method of how the social media platform calculated the number of spam accounts on the platform. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Musk claims he is “still committed to acquisition” of twitter, however, his ongoing criticism of the platform may suggest he might try to negotiate the acquisition for a lower price. The future of twitter's share price currently lies in the hands of Elon Musk's next move, if he chooses to pull out, twitter could lose up to 50% of their equity. TWTR Share Price
(EUR/USD, EUR/GBP, EUR/CHF) ECBs Hint To Raise Interest Rates Offers Some Relief For The Euro - Good Morning Forex!

(EUR/USD, EUR/GBP, EUR/CHF) ECBs Hint To Raise Interest Rates Offers Some Relief For The Euro - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 16.05.2022 15:13
Summary: Rising of European government bond yields. Despite the Euro’s likelihood to strengthen, market sentiment is still bearish for the EUR/GBP USD continues to show bullish sentiment against the JPY Raised government bond yields allow the EUR some relief The price of the EUR/USD currency pair increased by more than 0.15% on Monday. Market sentiment for the EUR/USD currency pair has turned bullish on Monday. The European Central Banks (ECB) representative, Villeroy, hinted at the possibility of an active summer for the European bond yields, this comes amidst concerns that a weak Euro threatened price stability in the currency bloc. A weak Euro can steer the ECB away from its inflation target. The possibility of raising interest rates from the ECB is likely to instill investors with confidence in the Euro going forward and in the ECBs determination to fight against rising prices and inflation. EUR/USD Price Chart Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network | FXMAG.COM EUR/GBP showing bearish signals Market sentiment for this currency pair is showing bearish signals. In general the market risk sentiment has soured over the past weeks, investors are still concerned over the lockdowns in China, the war in the Ukraine and rising interest rates at the Federal Reserve Bank. With the UK economy bordering on a recession, and Villeroy’s comments, the Euro is strengthening against the Pound Sterling, after the drop in value mid last week, the recovery is welcome. EUR/GBP Price Chart CHF not keeping up with the EUR The Euro strengthens against the CHF amidst the bullish market sentiment for this currency pair. The volatility in the forex market is felt daily by investors, as investors risk sentiment sours, the value of safe-haven currencies, like the Swiss Franc, usually strengthens. However, investor confidence in the EURO has improved as expectations for the ECB to raise interest rates increase. EUR/CHF Price Chart Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM USD/JPY bullish The market sentiment for this currency pair is showing bullish signals. Despite the bullish signals, the JPY has gained on the USD on Monday. As the hawkish Fed continues, it is likely that the sentiment will remain bullish for this currency pair. If there are to be bearish signals for the pair, they are likely to be short lived if the Bank of Japan (BoJ) continue with their dovish monetary policy. USD/JPY Price Chart Sources: Finance.yahoo.com, poundsterlinglive.com, dailyfx.com
Solid US retail sales points to 2Q GDP rebound | ING Economics

Commodities Prices Recovering After Poor Performance Early Last Week - Brent Crude Oil Prices, Silver Prices Fall As Investors Shy Away From Precious Metals & Corn

Rebecca Duthie Rebecca Duthie 16.05.2022 13:15
Summary: China’s disappointing economic data weighs on investor sentiment. Silver's price is affected by the broader market attitude. Corn prices are rising after poor performance early last week. Brent Crude Oil prices recover slightly. The price of Brent Crude Oil fell almost 1% on Monday. Investors took gains from the price rally late last week after the markets poor performance earlier in the week. China’s release of economic data has weighed on investor sentiment, the results were disappointing as a result of covid restrictions, this points to a possible slowdown of demand from the world's top crude importer. In conjunction, the EU is still set on implementing the oil embargo on Russia, despite the dissatisfaction of the embargo from some member countries, hence causing concerns around supply of oil going forward. Brent Crude Oil Futures Price Chart Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Silver getting caught up in the broader market sell-off attitude The price of silver has been seeing a lot of volatility, the commodity has been caught up in the broader investors' sell-off of precious metals and equities. Because silver is a non-yielding investment in a time of rising interest rates, investors are turning to other assets where they earn a higher return. Silver Jul ‘22 Futures Price Chart Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Corn futures recovered after poor performance early last week. The concerns around supply of corn may show signs of easing as weather conditions across the U.S become more favourable for the corn crop. The price of corn futures are up almost 3.3% on Monday, indicating that there are still concerns around supply of corn. Exports from the Ukraine have decreased significantly since the same time last year. Corn Jul ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Fed Announced That A Further 50bps Rise In US Interest Rates Is On the Table - Dow Jones, Bitcoin & US Dollar Rally In Response

Fed Announced That A Further 50bps Rise In US Interest Rates Is On the Table - Dow Jones, Bitcoin & US Dollar Rally In Response

Rebecca Duthie Rebecca Duthie 13.05.2022 17:14
Summary: The market's reaction to the Fed's announcement for the potential for further interest rate hikes. DJI, Bitcoin and USD Dow Jones rallied on friday The Dow Jones rallied during early trading on Friday. The market seems to be attempting to recover from the poor performance of the past week. This price increase comes after the Federal Reserve Chairman announced that two more 50 bp rises in interest rates are on the table for the next two Fed meetings. The daily rise is unlikely to rule out that the Dow Jones will end the trading week on an overall loss. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM DJI Price Chart US Dollar reacts well to the Fed's announcement On Friday the US Dollar strengthened further against its major rival, the Euro. In the wake of the Feds continuing hawkish attitude, the US Dollar is continuing on its strengthening path. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM The week for the US Dollar has been volatile, earlier in the week market participants were hesitant to place their confidence in the greenback whilst they awaited the U.S CPI report. When the report exceeded market participants expectations along with the Fed’s recent announcement regarding the likelihood of further interest rate hikes the US Dollar recovered and saw further strength. Bitcoin showing signs of recovery The price of Bitcoin has also recovered today after setting its lowest level since December 2021 on Thursday. The price of Bitcoin recovers back up to over $30,000. Whether or not this rally will continue is in question, especially with the volatility the markets saw this past week. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100. Bitcoin Price Chart Sources: investors.com, finance.yahoo.com
RBA Governor Announces Major Changes at RBA Board as US Inflation Expected to Decline

Elon Musk Tweets That The Twitter (TWTR) His Acquisition Of The Social Media Platform Is Paused

Rebecca Duthie Rebecca Duthie 13.05.2022 13:24
Summary: Elon Musk put the twitter deal on hold. Stock prices drop. Elon Musk Tweets that twitter deal is on hold On Friday Elon Musk tweeted that the deal to buy out twitter has temporarily been put on hold. Elon Musk claims to be awaiting data on the proportion of fake accounts on the social media platform. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM This pause in the acquisition is likely to cause frustrations for many people in the company In the wake of Musk's tweet, the share price of twitter has fallen by almost 15%. Musk Tweeted “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM This pause in the acquisition is likely to cause frustrations for many people in the company, especially given that many executives have been laid off already during company restructuring. The question lies in when the deal will be back on the table. TWTR Price Chart Sources: finance.yahoo.com
(TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network

(TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network

Rebecca Duthie Rebecca Duthie 13.05.2022 11:41
Summary: What is TRON and How does it work? Advantages of TRON Past, Present and Future prices of TRON TRON is a decentralised, open-sourced blockchain-based operating system TRON is a decentralised, open-sourced blockchain-based operating system which has smart contract functionality and a delegated proof-of-stake principle as its consensus algorithm. The native cryptocurrency for TRON is Tronix (TRX). The TRON blockchain was launched in 2017. The maximum supply of TRX is 100 billion, 98.2 billion tokens in circulation and around $6.8 billion market capitalization. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The TRON project is a decentralised blockchain platform that focuses on entertainment and content sharing. TRX TRON cryptocurrency platform uses a transaction model that is similar to Bitcoin. Transactions take place in a public ledger, where users are able to track the operations history. The TRON platform was created to decentralise the internet and serves as a tool for developers to create decentralised applications (dApps), this acts as an Ethereum alternative. The creation of decentralised applications and creating content on the TRON network is available to anybody. The data hosted on the TRON network is free, with no central authority. Content creators receive TRX tokens in return for their intellectual labour. TRON network also makes decentralised games whereby players can encourage and reward content creators with digital assets directly. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM There is a tri-layers architectural system embedded in TRON There are 3 levels to the TRON network, all of which support the smooth and powerful TRON network operation. Storage layer, this layer is where blockchain state, history data and network data is stored securely. In general the purpose of this layer is to segment all kinds of ecosystem data. Application layer, this layer is where the developers are the key people, and where TRX is used to create wallets and develop applications. Core layer, this layer is where instructions are developed (Java and Solidity are the only two accepted programming languages for this layer). Principle of operation; this layer computes instructions, processes them and then sends them to the Tron Virtual Machine, which is where dApps are executed and where the logic happens. The main protection tool for the TRON network is the delegated proof-of-stake (dPoS) system This delegated proof-of-stake is an alternative to the proof-of-stake (PoS) and proof-of-work (PoW) consensus algorithms. The delegated proof-of-stake system is a competitive advantage for the TRON network as it makes it much more energy efficient. In addition, the tri-layered architecture system processes more transactions at a time than the proof-of-work system. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100. TRONs development team has a higher throughput and is able to process up to 2000 operations without fees, therefore, the network transactions are without fees. TRON Super Representatives (SR): On the TRON network, all TRX token holders can apply to be SR candidates and any TRX holder can vote for these SR candidates. JustLend lending platform: JustLend is TRONs first official lending platform, the lending platform interest rates of its fund pools are determined by an algorithm based on TRONs asset supply and demand. JustLend aims to build a decentralised lending protocol and hopefully become TRONs first official algorithm-powered decentralised bank. TRON advantages: The ability for content creators to create content and share it openly and without hesitation regarding transaction fees. High throughput: this is done by improving the TPS in TRON, which has now surpassed both Bitcoin and Ethereum to a daily use practical degree. High scalability: due to the high scalability and highly effective smart contracts, applications developed on the TRON network are given a wider variety of ways to be deployed. The TRON network can support very large numbers of users. High availability: the network structure is very reliable along with the user asset, the intrinsic value and higher degree of decentralisation consensus come with an improved rewards distribution system. TRON goals: Deliver simple distributed file sharing. Financial rewards to drive content creation. Decentralising the gaming industry. Content creators can launch their own personal tokens. Where to buy TRX: The TRX token is available on many exchanges such as; Binance, Bancor, Poloniex and more. Past, Present and Future Prices In general the cryptocurrency market is volatile, in the graph below we see that the TRX token has experienced the price volatility of the market. There was an initial jump in price when TRX went to the market, but then the price fell to normal levels again. The price of TRX has, on average, been on the rise since July 2021. In the current market environment, the price of TRX has not seen any stability as market participants turn to safer investments during the time of uncertainty. The price of TRX is expected to rise in the future. TRX Price Chart Sources: finance.yahoo.com, tron.network, tronscan.org, coinmarketcap.com, coinbase.com
The EUR/JPY Pair Is Expected To Start A New Zig-Zag Correction

(EUR/USD) US Dollar Continues To Rally Against The EUR, (EUR/GBP) Fears Of Eurozone Recession Rise, USD/JPY Reflecting Mixed Market Sentiment - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 13.05.2022 10:12
Summary: The US Dollar strengthens as investors seek safer assets. EUR weakens against the GBP. USD/JPY showing mixed signals despite contrasting monetary policies. EUR/CHF currency pair reflecting mixed sentiment. The US Dollar attracts risk averse investors. The market sentiment for this currency pair has been showing bearish signals throughout the past week. Investor sentiment seems to be the main driver for the consistently decreasing price of the EUR/USD currency pair. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The hawkish Federal Reserve has investors turning to the greenback as a safety net against inflation and rising prices. This trend may be due for a slight change as investors expect the European Central Banks (ECB) to increase yields in the summer. EUR/USD Price Chart GBP Shows strength against the EUR Market sentiment for this currency pair is showing bearish signals. The EUR is struggling against the Pound Sterling amidst rising gas prices increasing the likelihood of sending the European Union into a recession later in 2022. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Fears of stagflation are causing investors, who are already risk-averse, to turn away from the Euro.The repricing of gas comes after Russia tightens gas supplies to the Eurozone in retaliation for sanctions. EUR/GBP Price Chart US Dollar and Japanese Yen Market sentiment is mixed for this currency pair. With the Fed hiking interest rates to fight inflation and the Bank of Japan (BOJ) pumping stimulus into the in order to keep the 10 year government bond yield anchored, the contrast is what is driving the mixed sentiment for this pair. USD/JPY Price Chart Earlier on in the trading week the EUR managed to strengthen against the CHF - EUR/CHF currency pair The market sentiment is showing mixed signals for the trading day today. Earlier on in the trading week the EUR managed to strengthen against the CHF, but the CHF has since gained some ground. Neither the ECB not the SNB have made moves to increase interest rates to fight inflation. EUR/CHF Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
(XAUUSD) Gold Struggles To Keep Up With The Strengthening US Dollar, Concerns Around Demand For Crude Oil, Concerns Around Copper Supply May Ease

(XAUUSD) Gold Struggles To Keep Up With The Strengthening US Dollar, Concerns Around Demand For Crude Oil, Concerns Around Copper Supply May Ease

Rebecca Duthie Rebecca Duthie 13.05.2022 09:09
Summary: Investors are turning away from gold as they search for safer assets - what could be safer than gold?China's lockdowns offsetting supply concerns for Crude Oil.Concerns around Copper supply may ease as Western countries turn to Africa for supply. Gold prices facing further downward pressureThe past week the price of gold has been facing downward pressure, this comes as the dollar continues to rally in the wake of the hawkish Federal Reserve. As the dollar becomes stronger, investors are shying away from the Gold futures and turning to the U.S government which offers a higher return. The U.S CPI report indicated that inflation is still a concern for the Fed and is still high, supporting the Feds plan to continue aggressively tightening interest rates to fight inflation. Gold Jun ‘22 Futures Price ChartCrude oil futures remain in the green, for now.Earlier on in the trading week the price of Crude Oil futures dipped. On Monday the market experienced a large downward trend, and the price of Crude Oil followed the market, since then it has been showing steady recovery. There are still concerns around demand and supply for this commodity, as the European Union clamps down on Russian imports. However, there are also concerns around demand with the lockdowns in China which may offset the supply concerns. Crude Oil jun ‘22 Futures Price ChartAs Western countries are looking to Africa for Copper, prices may fall.Copper prices have been falling the past week, the price of most commodities followed the market trend this week, on Monday the market experienced a large downward trend and the price of copper futures did too. Since then the price has struggled to fully recover.With western countries turning to Africa for their Copper supplies, the concerns around supply are likely easing, another factor that could push the prices down further. Copper Jul ‘22 Futures Price ChartSources: finance.yahoo.com
Bitcoin's Volatility Continues: Failed Breakout and Accumulation Signal Positive Outlook

(BTC) Bitcoins Price Crashes, Could The Nasdaq Be In Recovery Mode?, (GBP/USD) Bullish Market Sentiment For The Pound Sterling Against The USD

Rebecca Duthie Rebecca Duthie 12.05.2022 17:31
Summary: Rising inflation and hawkish reserve banks left investors risk averse. No particular news driving the stock price turn around for the market. Read next: Stock Market Showing Signs Of Slight Recovery Amidst U.S CPI Report Release  Bitcoins prices crashing The price of Bitcoin crashed almost 7% during the trading day on Thursday. The reason for this seems to be the same as what is happening with investors on the wider financial market, investors are turning risk averse and selling off their Bitcoin holdings in the wake of economic insecurity. The current crash is dropped lower than the value during the crash in July 2021. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The Fed’s increasing interest rates was an initial driver for investor sentiment to change bearish, the increasing interest rates made it more expensive to make bets on the financial markets. Investors are less confident in the ability of cryptocurrencies to hold their value as regulators battle rising inflation. Bitcoin USD Price Chart GBP likely to weaken further According to dailyfx.com, investors are betting on the Pound Sterling to strengthen against the US Dollar. The information the market has right now is that the UK economy is slowing, and likely to enter into a period of stagflation, this will likely cause the value of the GBP to weaken further. The future value of the GBP is not looking too bright. Nasdaq turns around. The Nasdaq has seen poor market performance during the trading week. However, during trading on Thursday, we have seen the stock price for the Nasdaq turn around. According to finance.yahoo.com, there does not seem to be any particular news driving this stock turn around. Nasdaq Price Chart Read next: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co.  Sources: slate.com, poundsterlinglive.com, finance.yahoo.com
Tesla Does Not Say Much Directly About The Demand Situation, Ally Financial Sees A Slowdown In Car Loans

(TSLA) Tesla Stock Prices Facing Trouble Amidst Rising Prices

Rebecca Duthie Rebecca Duthie 12.05.2022 17:04
Summary: Tesla battery prices are expected to increase. The rising prices are likely to persist. Read next: Despite The Year The Stock Market Has Seen, One Asset Has Succeeded: The US Dollar.  Tesla’s stock prices are falling amidst rising prices. Tesla stock prices have fallen over the past week. The current rising of prices is likely to increase for some time to come and are likely to substantially increase the cost of making electric vehicle batteries more expensive. This would mean that the timeline to get electric vehicles prices to equal the price of normal vehicles could be pushed back by up to a decade. It is clear that Tesla is trying to battle the cost of inflation in order to try to control electric vehicle prices, they are switching to larger-form batteries which add more power per unit of volume. In addition, Tesla is also planning to use more iron-based chemicals in an attempt to drive down their battery prices. Tesla Price Chart Read next: Earnings Season: (DIS) Disney Stock Price Awaits Earnings Announcements  Sources: barrons.com
Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol

Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol

Rebecca Duthie Rebecca Duthie 12.05.2022 15:35
Summary: Polkadots aims and desires. A deeper look into how Polkadot works. Past, Present and Future Prices of Polkadot. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol  What is the Polkadot protocol? Polkadot is an open-source protocol built for everyone, it is founded by the Web3 foundation. The Web3 foundation has commissioned 5 teams and over 100 developers to build Polkadot. The Polkadot mission is: they envision a Web where their data and identity is their own and where safety is ensured from any central authority. Polkadot supports the ease of creating and connecting decentralised applications, institutions and services. Through empowerment of investors to build better solutions, they are seeking to free society from the grip of a broken web whereby institutions have the chance to break trust. The aim of Polkadot is to enable a completely decentralised web whereby the users are incontrol. The protocol is built to connect private and consortium chains, oracles, public and permissionless networks and future technologies that are yet to be created. Polkadot protocol offers parachain messaging, this refers to parachain-to-parachain communication, this is Polkadots version of inoperability. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.  Polkadot launched their DOT token in May 2017. DOT plays an active role in securing the Polkadot network. The DOT token has around $8.3 billion in market capitalization, a circulating supply of more than 1.6 billion tokens and does not have a maximum supply. Polkadot features: True interoperability: Polkadot allows cross-chain transfers of any type of asset or data, users are not limited to token only transfers. When users become a part of the Polkadot network, they open themselves up to a wide variety of blockchain networks. Economic and transactional scalability: unprecedented scalability is provided by Polkadot through the enablement of a common set of validators which have the ability to secure multiple blockchains. Transactional scalability is provided through spreading transactions across multiple parallel blockchains. Easy blockchain innovation: users can create a custom blockchain quickly by using the substrate framework. Once users make their own blockchain, they can connect it to Polkadot and get interoperability and security from the get-go. This ease of development is a major factor helping the Polkadot network grow. Security: Polkadots novel data validity and ability allows the interaction between chains, whilst maintaining independence in their governance but united in their security. User-driven governance: Polkadot maintains a sophisticated governance system, whereby all stakeholders have a say. Network upgrades are coordinated on-chain and autonomously without forking the network. This ensures that Polkadots development remains community-driven and future proof. Advantages of Polkadot: High energy efficiency: in comparison to conventional blockchains, the energy consumed by Polkadot is much less. This energy efficiency is as a result of its next-generation nominated proof-of-stake (NPoS) model. This NPoS uses the equivalent of 6.6 Us households' energy per year. The Polkadot platform has the lowest carbon footprint amongst proof-of-stake protocols analysed in recent research. High security The proof-of-stake network refers to the ability of cryptocurrency owners to validate block transactions based on the number of coins a validator stakes. About the DOT Token: The DOT token was created by the Polkadot protocol and is designed to serve 3 distinct purposes: Governance: the Polkadot token holders have full control over the protocol. The privileges on platforms that are normally only available to minors are given to DOT holders, including managing exceptional events such as protocol upgrades and fixes. Staking: Polkadot uses game theory to incentivise token holders to behave honestly. Those who do not exercise honest behaviour will lose their stake in the network, whereas those who exercise honest behaviour are rewarded by the game theory mechanism. Bonding: new para-chains are added by bonding tokens. Outdated parachains or those that are no longer useful and removed by removing bonded tokens. This bonding represents a proof-of-stake. Where to buy Polkadot (DOT) The DOT token is currently available on many of the major platforms such as Binance, Huobi Global, OKEx, Coinbase, KuCoin and more. Past, Present and Future Prices: We already know that the cryptocurrency market is volatile, this is reflected in the chart below. In the past the price has jumped up and down, with the data it is hard to read a trend for the price of DOT. Currently, the global market conditions have investors turning away from risky assets such as cryptocurrencies, and turning to safer assets. For the future, the price of the DOT token is expected to increase, with some analysts expecting the price to reach over $64 in 5 years time. However, given the volatility in the crypto market, it is difficult to make an accurate assumption on where the price of DOT will go. Polkadot (DOT) Price Chart Read next: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform  Sources: finance.yahoo.com, polkadot.network, coindesk.com, coinmarketcap.com, capital.com
Russia Look Set To Double Its Exports For The First Half Of 2023

The Commodity Market Felt The Effect Of The Poor Market Conditions This Week - Wheat Futures, Platinum Futures & RBOB Gasoline Futures

Rebecca Duthie Rebecca Duthie 12.05.2022 12:34
Summary: The future of the Wheat futures prices depend on the supply available as adverse weather conditions and geopolitical tensions continue. As embargos on Russia intensify, Platinum futures prices rise. Read next: Don't Worry Coffee Lovers! The Price Of Coffee Futures Falling Amidst Current Market Conditions, Crude Oil (WTI) Recovers Slightly, Palladium Prices Show Steady Downward Price Trend  Wheat Futures On Monday the price of Chicago Wheat Futures dropped, this came in the wake of the poor performance of the global markets. Since Monday the price of wheat futures have been recovering steadily. There are concerns around the market supply of wheat going forward, with Russia and The Ukraine exports decreasing due to the war, and the possibility of India reducing their exports amidst the heatwave causing their production to reduce. As concerns around supply and demand and weather conditions continue, we are likely to see volatility in the price of Wheat Futures. SRW Wheat Futures Jul ‘22 Price Chart Platinum prices rise amidst concerns over supply. Platinum futures prices seem to be recovering after hitting their one-week low on May 9th. The recovery comes as worries around Russian supply are renewed. The U.K announced GBP1.4 billion worth of import restrictions from Russia and a 35% increase in import tariffs on multiple products, including platinum. Hence, pushing prices up. Platinum Jul ‘22 Futures RBOB Gasoline prices The price of RBOB gasoline futures, along with wheat futures and platinum futures have felt the effects of the poor market conditions this week. However, the price of RBOB gasoline is likely to continue to show bullish signals going forward, this will come as a result of the increasing concerns around supply. RBOB Gasoline Jun ‘22 Futures Price Chart Read next: (XAUUSD) Gold Prices Remain Stable Despite Hawkish Fed, EU Regains Control Of Their NGAS Supplies, Cotton Futures Prices.  Sources: finance.yahoo.com, tradingeconomics.com
Pound rises despite Boris turmoil

(EUR/USD) USD Continues To Rally, (EUR/GBP) Pound Sterling Unlikely To See Relief, (EUR/CHF, AUD/NZD) - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 12.05.2022 11:57
Summary: The US Dollar continues to rally in the wake of the U.S CPI report. GBP is likely to see currency value weaken in the future. Market participants expect to see some strength in the EUR. Is the AUD starting to lose momentum? Read next: (EUR/USD) German Inflation Meets Forecasts, Pound Sterling Continues To Weaken (EUR/GBP, GBP/USD), (EUR/JPY) Japanese Yen Strengthens As Investors Seek Safe-Haven Assets - Good Morning Forex!  The US Dollar continues to strengthen against the EUR   The market is signalling bearish market sentiment for the EUR/USD currency pair. During early trading on Thursday the US Dollar strengthened to a two-decade high after U.S inflation remained high. The U.S CPI report revealed that although inflation could likely have reached its peak, it is still high and the Fed’s current aggressive tightening of monetary policy is likely to remain aggressive. This is causing the US Dollar to strengthen even further against the EURO. EUR/USD Price Chart Pound Sterling is likely to continue to weaken. The market sentiment for this currency pair is showing bullish signals. However, during early trading on Thursday the price of this currency pair has lost value. Going forward it is likely that the market will see a Pound Sterling that continues to weaken in the wake of rising prices and inflation. The combination of a government unwilling to help and an inflation-weary UK public are two factors that will contribute to the further weakening of the GBP. In addition, it is expected that the Pound Sterling is likely to fall further against the Euro and USD as the economic outlook in the UK deteriorates and prompts the Bank of England (BoE) to ease the rising interest rates. EUR/GBP Price Chart EUR expected to strengthen against CHF The market sentiment for this currency pair is showing bullish signals. Investors expect the EUR to strengthen against the CHF. Market participants expect the European Central Bank (ECB) to raise interest rates for the first time in more than 10 years in the summer. Whilst the Swiss National Bank (SNB) remains dovish in their fight against inflation. EUR/CHF Price Chart NZD strengthens slightly against the AUD After the National Australia Bank (NAB) increased their interest rates early in May, the AUD/NZD currency pair increased in value. The momentum for this move has somewhat slowed since then. However, the pair still seems to be showing volatility. AUD/NZD Price Chart Read next: (EUR/USD) Wall Street Tanks, Allowing the Euro To Slightly Recover, (EUR/GBP) Goldman Sachs Betting Against GBP, JPY Gets The Better Of The US Dollar And EUR - Good Morning Forex!  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Stock Market Showing Signs Of Slight Recovery Amidst U.S CPI Report Release

Stock Market Showing Signs Of Slight Recovery Amidst U.S CPI Report Release

Rebecca Duthie Rebecca Duthie 11.05.2022 18:05
Summary: S&P 500 has seen 0.72% growth today. The value of (XAUUSD) gold has shown bullish signals in the market today. Read next: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co.  S&P 500 is rising during trading today The U.S CPI report which offered an update on price increases across U.S for April was released by the U.S labour department on Wednesday. The report reflected there was some deceleration of inflation figures compared to March, however, the rate of price increases exceeded analyst expectations. The CPI for April decelerated marginally compared to the March figures. The figures represent how far the Fed will have to go in the future regarding tightening monetary policy to fight the rising prices. S&P 500 Price Chart Will Gold rally in the wake of the CPI report? Gold futures have increased in value today, the initial increase came before the CPI report was released by the U.S labor department, and the increase has continued after the release. The lower than expected CPI figures bode well in the favour of the gold prices as uncertainty arises amongst investors on the Fed's next move. With volatility in the stock markets likely to continue, perhaps investors are trying to hedge their bets, driving the price of gold upwards. Gold Futures Jun’22 Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.  Sources: Finance.yahoo.com
Earnings Season: (DIS) Disney Stock Price Awaits Earnings Announcements

Earnings Season: (DIS) Disney Stock Price Awaits Earnings Announcements

Rebecca Duthie Rebecca Duthie 11.05.2022 16:07
Summary: Disney is expected to make their Q2 financial results announcement. Is Disney plus going to be the company's saviour this quarter? Disney+ may be the companies saviour this quarter Disney is due to make their Q2 earnings announcement after the market closes on Wednesday. Analysts remain positive that the Disney+ streaming service will bring economic flows into the company. The overall subscriber numbers are slowing in the wake of rising inflation. Read Next: Don't Worry Coffee Lovers! The Price Of Coffee Futures Falling Amidst Current Market Conditions, Crude Oil (WTI) Recovers Slightly, Palladium Prices Show Steady Downward Price Trend | FXMAG.COM Eyes are on the performance of the streaming service, parks, experience and consumer products business. The Wall Street earnings forecast are: Revenue: $20.11 billion Adjusted Earnings per share: $1.17 Disney+ subscribers: 4.5 billion expected. Disney Stock Price Chart Read next: Despite The Year The Stock Market Has Seen, One Asset Has Succeeded: The US Dollar.  Sources: finance.yahoo.com
Coffee: Brazil And Columbia Are Reducing The Production

Don't Worry Coffee Lovers! The Price Of Coffee Futures Falling Amidst Current Market Conditions, Crude Oil (WTI) Recovers Slightly, Palladium Prices Show Steady Downward Price Trend

Rebecca Duthie Rebecca Duthie 11.05.2022 14:56
Summary: Coffee futures are struggling to remain stable amidst the current market conditions. Crude oil prices could rise after poor performance this past week. Increased import tariffs on Russian Palladium to the U.K should drive the price up. Read next: (XAUUSD) Gold Prices Remain Stable Despite Hawkish Fed, EU Regains Control Of Their NGAS Supplies, Cotton Futures Prices.  Weather relief in major producing regions drives the price of coffee futures down. Coffee futures have been falling over the past week or so. The price fall comes as a result of the strengthening US Dollar and weakening Brazilian real is pushing prices down, the relief of dry weather conditions is also a bearish signal for coffee futures prices. The demand for coffee is also under pressure with the lockdowns in China continuing, and the war between Russia and the Ukraine causing demand in these two regions to fall. The market has been in a slump this week which could be another reason for the price to fall. There are still concerns around supply of coffee worldwide, a possible cause of the almost 3% increase the future has seen today. Coffee Jul ‘22 Futures Price Chart Crude Oil WTI increases today after poor performance within the past week The price of Crude Oil Futures have been following the market trend this past week, dropping to below $100. The rise today comes as concerns around supply in the wake of the European Union Oil embargo on Russia increase. Oil producers warned of their concerns around not being able to fill the oil gap when demand returns back to normal levels. WTI Jun ‘22 Futures Price Chart Palladium prices show steady downward price trend Palladium prices are falling with the current market sentiment, the prices rebounded slightly after the U.K announced the increase in the tariff on Palladium imports from Russia. This move will cause further Palladium supply issues, however, the price is still falling. Palladium Jun ‘22 Futures Price Chart Read next: Prices Of Brent Crude Oil And Silver Fall As The US Dollar Strengthening, Corn Prices Face Downward Price Pressure.  Sources: finance.yahoo.com, barchart.com
ECB's Dovish Shift: Markets Anticipate Softer Policy Guidance

(EUR/USD) German Inflation Meets Forecasts, Pound Sterling Continues To Weaken (EUR/GBP, GBP/USD), (EUR/JPY) Japanese Yen Strengthens As Investors Seek Safe-Haven Assets - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 11.05.2022 13:27
Summary: US Dollar sentiment awaits CPI report. EUR continues to strengthen against the Pound Sterling. JPY safe-haven is attractive to investors. Read next: (EUR/USD) Wall Street Tanks, Allowing the Euro To Slightly Recover, (EUR/GBP) Goldman Sachs Betting Against GBP, JPY Gets The Better Of The US Dollar And EUR - Good Morning Forex!  EUR gains slightly on the US Dollar For the trading day on wednesday, the EUR/USD currency pair is reflecting mixed market signals. The Euro remained stable today after Germany announced their April inflation amount was 7.4%, which was inline with forecasts. The German announcements have investors hoping the European Central Bank (ECB) comments today will come with a more hawkish tone. The market sentiment remains mixed as investors await the U.S CPI report due later today. EUR/USD Price Chart GBP not seeing price relief against the Euro Market sentiment for this currency pair is reflecting bullish signals. Investors are tending to go net long on this currency pair as they expect the Euro to continue to strengthen. The Pound sterling value does not seem to be receiving any relief from its current price fall. Despite the Bank of Englands (BoE) 1% increase in interest rates in May, the other economic forecasts made spooked investors away from the currency. EUR/GBP Price Chart JPY safe-haven currency becomes more attractive The market is reflecting bearish signals for this currency pair. As the adverse wider economic conditions continue, investors are turning away from riskier assets, the Japanese Yen is considered a safe-haven currency, making it an attractive investment for risk averse investors. Hence, the investor sentiment is driving the price of the JPY upwards and therefore the price of this currency pair downwards. EUR/JPY Price Chart Bearish sentiment for the Pound Sterling continues The market is reflecting bearish signals for this currency pair. The USD continues to get stronger and the GBP continues to weaken in the overall market. The GBP has seen some relief against the USD on Wednesday, but the longevity of this trend is unlikely. GBP/USD Price Chart Read next: (EUR/USD) US Dollar Continues To Trump the EUR, (EUR/GBP)(GBP/JPY) Pound Sterling Unlikely To Recover Anytime Soon.  Sources: dailyfx.com, finance.yahoo.com, poundsterling.com
Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol

Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol

Rebecca Duthie Rebecca Duthie 11.05.2022 12:37
Summary A look into Terra (UST) coin. Luna and Terra coins. Advantages of holding Terra coin. Past present and future prices. Read next: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform  Terra is a public blockchain protocol. Terra is a public blockchain protocol that deploys a suite of algorithmic decentralised stablecoins which underpin a thriving ecosystem which brings decentralised finance to a large number of users. Terra assets are supported by leading blockchains. Stablecoins are coins whose value is pegged to a cryptocurrency, fiat currency or to exchange-traded commodities. Terra USD was created in January 2018 and was launched in late 2021. Terra has a market cap of $4.391 Billion, a circulating supply of 407.49 million with no maximum supply. Terra is the leader of decentralised and open-source publics blockchain protocol for algorithmic stablecoins Terra is the leading decentralised and open-source public blockchain protocol for algorithmic stablecoins. The protocol uses a combination of open market arbitrage, incentives and decentralised oracle voting. With this combination, Terra makes stablecoins that track the price of any fiat currency. Read next: (USDC) USD Coin, What Is It And How Does It Work? - Important Altcoins !| FXMAG.COM The Terra ecosystem is a rapidly expanding network of decentralised applications, creating a demand for Terra and pushing Lunas price up. Terra is an industry-leading decentralised stablecoin reflected by $USDT. It has a vibrant Smart Contracts platform. Terra has a thriving cross-chain DeFi environment. Terra is built on the Cosmos SDK & Tendermint consensus. Terra and Luna: the 2 main coins of the protocol. Luna is Terra’s native staking coin which absorbs the Terras price volatility. Luna is used for mining and governance. Users stake Luna coins to validators who then record and verify transactions on the blockchain in exchange for rewards from transaction fees. The more Terra is used the more Luna is worth. Luna provides its holders with staking rewards and governance power. Terra stablecoins track the price of fiat currencies: Users make new Terra coins by burning Luna. Terra and Luna are always tradeable at a 1:1. 1 USD can be traded for 1 UST. Stablecoins and Terra: The main feature of the Terra protocol is its stablecoins, the TerraUSD coin can be used like fiat currency with added blockchain benefits: lower fees, faster settlement processing times, instant transactions and unchangeable public ledger. If stablecoins maintain their price pegs they are considered valuable. Terra protocol determines the price of the Terra coin using the basic markerket forces of supply and demand - when demand is high, supply is low and therefore the price increases. The protocol keeps the price stable by ensuring supply and demand is balanced. Terra protocols algorithmic market module helps to keep the price stable, which incentivises the burning of Terra through arbitrage opportunities. Arbitrage refers to the making of money on an asset through price differentials between markets. Scalability of Terra: Terras protocol is scalable, which is designed to maintain Terras price stability regardless of volatility, demand or market size. Scalability refers to the ability of Terra’s protocol to receive a large influx of transactions at a time. Terra offers rewards for holding the coin Terras protocol incentivises validators and delegators with staking rewards, in the form of gas and swap fees Gas: to avoid spamming, fees are computed onto each transaction. Validators have the power to add minimum gas prices and reject transactions that have implied gas prices below their set level of. Swap fees: tobin tax refers to the fee for swapping Terra UST stable denominations. Spread fees refer to the price discrepancy between Terra and Luna. The swap fees are directed to the Oracle reward pool, which are then distributed over two years to validators who faithfully report correct Oracle prices. Advantages of holding Terra UST There are many advantages of holding Terra coin, it is decentralised and permissionless which makes it ideal for the economy. Interoperability: this means it is able to run on multiple chains. Terra is live on Ethereum and Solana with plans of expansion in the future. Programmable: development focused agenda, which allows programmers to build smart contracts in Rust, Go and Assemblyscript. Oracles are off-chain sensors that have the ability to communicate data to-and-from the blockchain. Streamlined Financial: Terra aims to reduce or completely remove the need for credit card networks, banks and payment getaways with a single blockchain layer. The Sustainability Of Terra Terras coin uses a proof-of-stake model, which means validators verify transactions based on the number of coins they hold. Proof-of-stake models are less energy intensive than some competing models. Past, present and future price movements Terras price has been stable in the past thanks to its market module based on supply and demand. However, investor fears around the general state of the market has been causing the crypto market to see sufficient drops in prices. Investors see the future price of Terra to see substantial increases in the future when markets start to normalise. Terra USD Price Chart Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest  Sources: coinwut.com, finance.yahoo.com, terra.money, securities.io, investorplace.com
Nikkei, Taiex And Kospi Are Falling. Situation Of Markets In Asia Pacific

Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co.

Rebecca Duthie Rebecca Duthie 10.05.2022 17:23
Summary: Trade Desk losing value as investors await earnings announcement. Russian Ruble price increase. Ford Motor Co latest big buyer. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.  Investors selling Trade Desk Trade desk is the largest pure-play ad tech company, their stock price has been falling throughout the trading day on Tuesday. Trade Desk is due to make their earnings announcement after market closing today, most other tech giants delivered poor earnings results for the first quarter of 2022. Therefore, investor sentiment in this industry is bearish and it is unsurprising that investors are going short on Trade Desk stock inlight of the expected announcement. Trade Desk Price Chart The Russian Ruble Strengthens Although the Russian Ruble has strengthened, it does not mean that Russia is experiencing economic growth, instead it may be an indication that Russia is experiencing an import crisis. Since Russia invaded Ukraine, Russian imports have fallen drastically as many countries and companies who previously imported from Russia have cut their ties to avoid backlash from the west. However, although the sanctions on Russia have been imposed, they are still exporting to many countries. This is causing the Russian current account to be in Surplus, putting upward pressure on the Ruble. As the Western countries impose more sanctions on Russia and possibly speed up the oil Embargo, the Rubles value will struggle. Ford Motor Co. Share Price increased Ford stock price increased by 1.5% during in pre-market trading day on Tuesday after United Rentals (automaker and equipment rental company) announced plans to purchase electric vehicles from Ford going forward. This will drive up the demand for Ford cars going forward. Sources: finance.yahoo.com, poundsterlinglive.com, fool.com
WTI Oil Shows Signs of Short-Term Uptrend Amid Medium-Term Uptrend Phase

Despite The Year The Stock Market Has Seen, One Asset Has Succeeded: The US Dollar.

Rebecca Duthie Rebecca Duthie 10.05.2022 14:37
Summary: The US Dollar's resilience in the current economic world. The future of the greenback is unknown.   Read next: (DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.    Whilst almost all other assets on the stock market have lost value this year, there is one asset that has done well; the US Dollar. Since the start of the year the USD has strengthened continually against most other currencies, this is demonstrated in the graph below, where we see the gradual strengthening of the US Dollar over the past five months. This year in the stock markets has been challenging, with the conflict between Russia and the Ukraine, the adverse weather conditions all over the world, the lockdowns in China as the Chinese government works toward the zero-Covid goal, the rising inflation and prices, the concerns over a looming recession and more. Despite these factors, the US Dollar has still seen strength, this indicates the confidence that market participants have in the US economy to overcome these challenges. Where the currency will go in the future is uncertain, the volatility of the forex market is always keeping investors on their toes. The next big possible turning point is the U.S CPI report due on Wednesday, this will indicate whether the hawkish fed have been successful in their fight against rising prices and inflation. EUR/USD Price Chart   Read next: Shell (SHEL) Stock Price Soars Along With The Rest Of The Industry.    Sources: finance.yahoo.com
(XAUUSD) Gold Prices Remain Stable Despite Hawkish Fed, EU Regains Control Of Their NGAS Supplies, Cotton Futures Prices.

(XAUUSD) Gold Prices Remain Stable Despite Hawkish Fed, EU Regains Control Of Their NGAS Supplies, Cotton Futures Prices.

Rebecca Duthie Rebecca Duthie 10.05.2022 13:13
Summary: The EU refills their NGAS stockpiles, driving the price of NGAS Futures down. Cotton Prices falling despite concerns around supply. Gold Prices remain surprisingly stable despite interest rate hikes   Read next: Prices Of Brent Crude Oil And Silver Fall As The US Dollar Strengthening, Corn Prices Face Downward Price Pressure.    Natural Gas Futures Prices Drop Towards the end of last week the price of Natural Gas soared, however tumbled around 13% during the trading day on Monday as a change in output and expected demand occurred as a result of the changing weather forecast. In addition the EU gas pipes were reported to be filling as gas piles into the pipes from Russian Sources which caused EU prices to stabilise. The change in the price is likely to continue in the short term thanks to the fundamental factors mentioned above, however with the EU’s recent oil embargo, whether or not this downward trend will continue is unlikely. It is also important to note that the stock market experienced a sour trading day on monday, causing prices across all markets to fall. NGAS Jun ‘22 Futures Price Chart Cotton futures tank. Cotton futures saw a price dip during last week's trading week and earlier this week, however, prices seemed to have gained slightly on Tuesday. The price fall on Monday followed the trend of the wider global market which experienced a sour trading day on Monday. Prices are still soaring at high levels, due to the concerns around supply without wavering demand, and the possibility of an export ban by India is causing unrest around the commodity. Cotton Jul ‘22 Futures Price Chart Gold Futures remaining surprisingly stable (XAUUSD) Along with the rest of the global market, the price of gold dropped during the trading day on Monday. In addition the price of gold has been declining over the past days, this comes as the Fed grows more hawkish in their fight against inflation. The decline is not as sharp as market participants expected, this could be because investors are hedging their bets as the market awaits the U.S CPI report due on Wednesday. XAUUSD Jun ‘22 Futures Price Chart   Read next: (XAUUSD) Gold, Coffee and Crude Oil - Commodities Facing Price Trouble Over the Past Month    Sources: Finance.yahoo.com, asia.nikkei.com
The EUR/JPY Pair Is Expected To Start A New Zig-Zag Correction

(EUR/USD) Wall Street Tanks, Allowing the Euro To Slightly Recover, (EUR/GBP) Goldman Sachs Betting Against GBP, JPY Gets The Better Of The US Dollar And EUR - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 10.05.2022 11:58
Summary: Euro gained slightly against the USD after the poor performance of the US markets on Monday. Goldman Sachs placing their confidence in the value of the EURO. JPY gains slightly against the EUR and USD on Tuesday. Read next: (EUR/USD) US Dollar Continues To Trump the EUR, (EUR/GBP)(GBP/JPY) Pound Sterling Unlikely To Recover Anytime Soon.  EUR gains some ground against the USD. Markets turned around on Monday with the EUR/USD currency pair with market sentiment showing bullish signals. The Euro is gaining value despite the surging US Dollar, at the end of the trading day on Monday Wall Street has tanked with the Nasdaq down 4.29%. As investors turn away from risky assets such as forex, and move to safer investments such as treasuries, the value of the US Dollar is facing potential pressure. Investors are concerned around the Feds shrinking balance sheet as liquidity dries up. EUR/USD Price Chart Pound Sterling losing value against the Euro. On Tuesday, Goldman Sachs bet the EUR will continue to gain against the GBP, as the market for the EUR/GBP currency pair continues to reflect a bullish sentiment. The European Central Bank (ECB) seems intent on raising interest rates by the summer, showing a more hawkish attitude than the Bank of England (BoE) who believe that inflation will return to normal levels on its own. This BoE attitude is causing investors to lose confidence in the Pound Sterling and causing its value to decrease. EUR/GBP Price Chart JPY receives momentary relief from the USD Although the JPY has gained on the US Dollar on Tuesday, the USD/JPY currency pair is reflecting a bullish market sentiment. The strengthening against the USD comes after the carnage the US markets saw on Monday. Whether or not this strengthening will continue is unlikely as the Bank of Japan (BoJ) continues their monetary easing in their attempt to boost the economy. USD/JPY Price Chart JPY markets best performer on Monday The EUR is losing ground to the JPY during the trading day on Tuesday, the EUR/JPY currency pair is reflecting a mixed market sentiment. As risk averse investors fled to safety assets given the US markets performance, the Japanese Yen was the forex markets top performer on Monday, which gave it the chance to strengthen against the EUR and the USD. EUR/JPY Price Chart Read next: (EUR/USD) All Eyes On The US Bureau Of Labour Statistics’ Results Due On Friday, (EUR/GBP) Bleak Economic Outlook For the UK Sends GBP Spiralling - Good Morning Forex!  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform

Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform

Rebecca Duthie Rebecca Duthie 10.05.2022 10:46
Summary: Arqu trading platform How to trade and earn yields on the Aqru platform. Advantages of the Aqru platform Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest  Aqru is a crypto staking platform that makes it simple for investors to earn interest on their cryptocurrency investments. Aqru cryptocurrency is one of the only listed equities primarily offering exposure to the DeFi sector. Aqru currently offers a yield on certain cryptos such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC) and Dai (DAI). If investors hold BTC and ETH they can earn up to 7% APY, if investors hold USDT, USDC and Dai, they can earn up to 12% APY. It is easy for investors to take advantage of compounding interest as the interest is paid daily. Aqru ensures security for users on the platform In order to ensure security for its users whilst they earn interest, Aqru makes use of encryption in transit, encryption at rest and address whitelisting. Users are able to protect their assets with their bank level security and deposit protection insurance, this happens because Aqru makes use of a multi-layered insurance policy, this protects the value of users assets from hacking. In addition Aqru uses the latest Multi-stig technology from Fireblocks (a leading wallet provider) to keep users' assets safe. Encryption in transit protects user data if communications are intercepted whilst transferring between the site and cloud provider. Encryption at rest is designed to protect users from attackers accessing unencrypted data. Address whitelisting enables crypto withdrawals to be transferred to addresses already designated in the users address book. Aqru generates yield from leading providers that have robust audit histories and those that have significant assets under management. To give their users peace-of-mind, Aqru generates yield from leading providers that have robust audit histories and those that have significant assets under management. In addition, yield opportunities are monitored by the experienced risk management committee to ensure Aqru stays ahead of all market trends. Fees for using Aqru There are no fees for using this platform nor are there fees for fiat withdrawals, when withdrawing cryptocurrencies there is a $20 flat fee that is charged on the asset you are withdrawing and a 0.5% fee based on the asset value. The platform accepts payment via card, bank transfer, or wallet-to-wallet crypto payments. Aqru’s method for generating enough returns to pay to their users Aqru generates returns by lending out their users digital assets to institutional and retail borrowers as well as participating and supporting decentralised exchanges. The deposits lent to decentralised exchanges are insured and the platform maintains a rigorous risk management process. Money lent to institutional and retail investors is 100% collateralised, thus allowing ease of returns and to pay customers daily. The returns generated by crypto assets remain high as investors are willing to pay high interest for assets that are not readily available by traditional means. As the crypto market grows and capital becomes more available, yields on crypto assets will decrease. Once users have uploaded their funds to the platform, the value of their assets are distributed into a liquidity pool, which is then distributed to earn a fee on pool-to-peer lending platforms. Aqru makes money by taking a share on the income earned from the liquidity pools. There is a lot of room for Aqru and like-companies to grow as investors begin to realise the benefits of gaining safer yields from safe platforms like Aqru. Aqru also offers services to institutional investors Aqru also offers services to institutional investors with bespoke terms for larger investors, if institutional digital assets allocation becomes larger, Aqru’s addressable market becomes larger. Advantages of investing in Aqru: There is no need for investors to go out of their way to start earning interest. If investors do not own cryptocurrency, they can invest fiat currency and the Aqru platform will take care of exchanging it into the cryptocurrency of your choice, if investors wish to do so. There is no native coin on the platform that investors need to hold in order to receive the best interest rates. There is no lock-in period, i.e investors are welcome to withdraw their funds at any time. Aqru processes withdrawals within 24 hours and does not charge fees on fiat withdrawals. User-friendly platform. The platform is currently giving away 10 USDT to every user that signs up to the platform. Aqru also offers services to institutional investors Becoming an Aqru member is simple, it starts with setting up an account on the platform, which is designed to help users get to know and understand the platform. After account creation users can either fund it by fiat or cryptocurrency transfers. In order to sign up to Aqru accounts, the user will need to go through a verification process to confirm the user's identity and the legitimacy of the funds. Read next: ($GARI) Gari Network's Future Looks Bright As Investors Await New Advancements.  Sources: aqru.io, edisongroup.com, economictimesindiatimes.com.
GBPUSD Testing Key Support at 1.2175: Will Oversold Conditions Trigger a Correction?

(BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.

Rebecca Duthie Rebecca Duthie 09.05.2022 18:18
Summary: FTSE showing bearish signals in the current market. Future of the US stock market awaiting U.S CPI report due on Wednesday. Bitcoins price fall’s link to the broader market.   Read next: (DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.    FTSE 100 showing poor performance: The FTSE is the Financial times Stock Exchange listed on the London Stock Exchange. This exchange has tanked more than 2% today, given the size of the exchange, it is a big change. This negative investor sentiment towards the FTSE comes as a result of overall negative investor sentiment after the Bank of England's (BoE) forecast announcements last week. When the BoE delivered an unfavorable announcement for the second quarter of the year, the UK market tanked amidst poor investor confidence in the government's ability to fight against inflation and the looming recession. FTSE 100 Daily Price Chart Future of the US Dollar. Despite the hawkish Fed and the dovish ECB, the market sentiment for this currency pair sits at mixed. Investors are starting to show concerns around where the U.S economy is headed. Concerns around rising prices, inflation, soft corporate earnings growth, the supply chain bottlenecks and the increasing concerns around the looming recession, are all causing investors to hold off on risk. The U.S. stocks have fallen today, with the S&P 500 falling around 2.5% and Nasdaq falling around 3%. Investors will watch in anticipation as the U.S releases their CPI report during the trading day on Wednesday. Investors will look for cooling prices and inflation, if this happens, there could be a relief on the stock market, if not, we could see the stocks fall even more. Bitcoin Price Tanks. The price of Bitcoin has tanked today, hitting its lowest price since July 2021. The reality is that the effects of tightening of monetary policy have been felt throughout all the stock markets, including the cryptocurrency market. Analysts warned investors about the possible drop in the price of Bitcoin if global economic market performance continued to sour. With the price of Bitcoin down more than 6% today the fall comes in line with the tanking global equities amidst geopolitical tensions, supply chain bottlenecks and inflation pressure. BTC Price Chart Sources: dailyfx.com, finance.yahoo.com
(DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.

(DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.

Rebecca Duthie Rebecca Duthie 09.05.2022 17:41
Summary: The history of Elon Musk and Dogecoin. Dogecoin’s possible multiple uses going forward.   Read next: Shell (SHEL) Stock Price Soars Along With The Rest Of The Industry.    The Dogecoin drone show. At the latest Tesla launch in Texas in April, Elon Musk used drones to project the symbol of Dogecoin, the public display of support caused the price to rally high initially. However, as of today the market has restored to the norms for the price of this cryptocurrency. Elon Musk has hinted in a series of tweets that subscribers and members may be able to pay for their Twitter (TWTR) accounts using their Dogecoins going forward. Inlight of Musks plans to take over Twitter, this could be a likely outcome. It is no surprise that Musk is a big fan of Dogecoin, he has integrated the crypto coin into Tesla by allowing the purchase of accessories with Dogecoin and plans to fund some of SpaceXs missions with Dogecoin going forward. The volatility seen by this coin is due to both investor sentiment and Elon Musk's interest in it. Over the past weeks the price of DOGE has been falling, this doesn't come as a surprise given the current global investor sentiment, going forward it wont come as a surprise to see Musk try to come to the coins rescue. DOGE Price Chart   Read next:  Lyft Stocks Face Major Negative Sentiment Despite Q1 Results Exceeding Expectations.    Sources: finance.yahoo.com
OPEC+ Are Expected To Keeping Oil Production Unchanged, AUD/USD Trades At Its Highest Levels

Prices Of Brent Crude Oil And Silver Fall As The US Dollar Strengthening, Corn Prices Face Downward Price Pressure.

Rebecca Duthie Rebecca Duthie 09.05.2022 15:35
Summary: Brent crude oil prices are seeing some decline. Silver prices face downward pressure amidst the US Dollar Strengthening. Corn prices fall amidst worries about falling demand. Read next: (XAUUSD) Gold, Coffee and Crude Oil - Commodities Facing Price Trouble Over the Past Month  Brent crude oil price falls. The price of oil has fallen on Monday amidst concerns around the strengthening US Dollar which hit a two-decade high, making holding oil more expensive for other currencies. The lockdowns in China have raised concerns around the demand for oil from the world's biggest importer. In addition the world's biggest oil exporter, Saudi Arabia, lowered the prices of crude for Europe and Asia in June. All of these factors have resulted in the price of Brent Crude Oil falling. Brent Crude Oil Futures Price Chart   Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest | FXMAG.COM    As US yields increase, silver's value falls. The price of silver has been falling over the past week. The price fall comes as the Fed continues with their hawkish attitude. Silver is used as a hedge against inflation, with the Fed increasing the US yields in an attempt to fight inflation, the opportunity cost for holding silver increases. Investors are selling their silver and turning to investments where they can yield a higher return at the same level of risk i.e. US treasury bonds. Silver Jul ‘22 Futures Price Chart Corn prices facing downward price pressure. On monday the price of Corn futures had fallen by almost 1%, there has been a downward price trend for corn futures over the past week. There are still concerns around the lack of supply for corn all over the world, however, with the lockdowns in China, concerns around falling demand have risen. Last week the amount of traders who shorted corn outweighed those who chose to go long, indicating they expected the price to drop. Corn Jul ‘22 Futures Price Chart Read next: Soybean Prices Reached Almost Record Prices, Platinum Investors Turning To New Suppliers, Copper Prices Struggling To Recover.  Sources: Finance.yahoo.com, cnbc.com, reuters.com, barchart.com
Crypto: How To Estimate A Risk And Take A Profit?

What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest

Rebecca Duthie Rebecca Duthie 09.05.2022 13:54
Summary: How does dYdX work? A look into what a perpetual cryptocurrency trading exchange is. Advantages of investing in the dYdX crypto exchange. Past and future price performance. Read next: ($GARI) Gari Network's Future Looks Bright As Investors Await New Advancements.  dYdD is a decentralised trading platform that is used for cryptocurrency margin trading. Dydx is a decentralised trading platform that is used for cryptocurrency margin trading for assets such as ETH, BTC, SOL, DOT and more. The bulk of the trading happens on the Ethereum blockchain, however, with the recent launch of layer 2, the Dydx exchange can be used for inexpensive, instantly settled trades. Dydx has successfully filled a niche market in the world of cryptocurrencies. Since the launch of this platform in September 2021, they have added many features, including lending and borrowing services to decentralise the trading experience. The exchange has a market cap of $258.2 million, a circulating supply of 65569295 with a max of 1 billion. dYdX is a leading crypto exchange that supports perpetual trading. Dydx is a leading crypto exchange that supports perpetual trading. It trades on the ethereum block chain using smart contracts and no intermediaries. Perpetual trading on cryptocurrencies are financial derivatives that enable traders to bet on crypto asset price movements, using leverage without owning the underlying asset. Some advantages of using this method are: Increased flexibility of trades by allowing both long and short trades. Increased leverage. Dydx is aiming at trading for everyone. They are building an open platform for crypto financial products, which is powered by the Ethereum blockchain. dYdX works in the following way: The creation of smart contracts has allowed for cryptocurrency exchanges to create decentralised liquidity pools, collateralisation and lending across popular protocols like Uniswap, Sushi and Compound. dYdX took all of the best decentralised financial technologies and combined them to form a first-of-its-kind cryptocurrency derivatives exchange using crowd sourced liquidity only. To explain this concept more, it means that when you deposit collateral to open a leveraged trading position, you are borrowing from a decentralised liquidity pool that is funded entirely by other traders. Dydx Layer 1 blockchain: Layer 1 is a highly liquid, decentralised exchange for both crypto margin trading and for spot trading. On this layer it is possible to leverage up to 5x your position. As long as users collateralise correctly, it is fast and efficient to borrow funds for your positions. dYdX claims to have built the fastest and most powerful decentralised exchange ever through their layer 2 blockchain. Advantages of layer 2: No gas cost and lower fees: when users deposit to layer 2, the user will no longer be required to pay fees to miners. Fast withdrawals: layer 2 does not have a waiting period to withdraw funds. Security and privacy: increased security and privacy via zero-knowledge rollups*. Very fast: trades are instantly executed and confirmed on the blockchain within hours. Mobile friendly: can be used on any device thanks to upgrades. Cross-margining : users are able to access leverage across positions in multiple markets from a single account. USDC collateral: dYdX allows users to provide USDC as collateral in their trades. *Zero-knowledge rollups is a Layer 2 scalability solution that allows blockchains to validate transactions faster whilst ensuring gas fees remain low. How to trade perpetually with Dydx: Download the dYdX trading app and open it. Connect your crypto wallet to the app. Deposit funds into the wallet and then select the “trade” option. Open a trading position with selected leverage and limits. Use the app to track your position's performance. Read next: (SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?  The dYdX token, the platform gives dYdX tokens to its users in the form of generous rewards. Advantages of the dYdX token: dYdX liquidity staking pool: this feature is important for keeping the exchange alive and financially supported. Trading rewards: it is possible to earn dYdX tokens just by trading on the platform. Discounted trading fees: if users hold dYdX tokens in their wallet, they can receive a 3% discount on trading fees. Governance token: dydx is also used for governance of the protocol, which gives holders voting rights. PAST, PRESENT AND FUTURE PRICE When the token was first launched the price spiked and showed promise, since then the price has been on a consistent downward trend. In general the crypto market is volatile, this is shown in the price changes for this cryptocurrency. Currently with the negative global investor sentiment, the price of cryptos have been falling in general over the past months, which could be a reason this tokens value is currently trading so low. The coin price is forecasted to increase in the future. In 2022, the price is expected to increase by 78% and is expected to continue on this upward trend for the next 5 years. dYdx cryptocurrency Price Chart Sources: academy.shrimp.io. Dydx.exchange, cryptoadventure.com, trading-education.com
Australian CPI Expected to Rise to 5.2%: Impact on AUD/USD and RBA's Rate Hike Dilemma

(EUR/USD) US Dollar Continues To Trump the EUR, (EUR/GBP)(GBP/JPY) Pound Sterling Unlikely To Recover Anytime Soon.

Rebecca Duthie Rebecca Duthie 09.05.2022 09:54
Summary: Between the Russia Ukraine war and the hawkish Fed, the EUR is battling to recover. Negative global investor sentiment is causing the GBP to struggle even more. EUR continues to strengthen against the CHF. GBP/JPY currency pair. The possibility of a recession in the EU looms. Since the market opened on Monday, the US Dollar has strengthened almost a further 0.5% against the Euro. Investor confidence in the Euro has plummeted as some investors believe that the Euro will eventually end up level with the US Dollar, this comes as Russia's attack on Ukraine continues and the EU oil embargo on Russia. Investors are concerned over the possibility of a recession in the European Union. In addition the hawkish fed increasing interest rates in their attempt to fight inflation is causing investors to turn from the EUR, which is further driving the price down. EUR/USD Price Chart   Read next: (EUR/USD) All Eyes On The US Bureau Of Labour Statistics’ Results Due On Friday, (EUR/GBP) Bleak Economic Outlook For the UK Sends GBP Spiralling - Good Morning Forex!    EUR showing strength against the GBP Since the market opened on Monday, the EUR has strengthened against the GBP. The weakening of the pound sterling to the EUR comes after the Bank of Englands (BoEs) cautious interest rate hike in the midst of negative global investor sentiment. However, market sentiment for this currency pair is showing mixed signals. According to poundsterlinglive.com, any near future strengthening in the GBP is likely to be short lived. EUR/GBP Price Chart CHF losing more ground to the EUR On Monday the market sentiment for the EUR/CHF currency pair was reflecting a bullish signal. With the Swiss National Bank (SNB) refusing to tighten their monetary policy, the EUR has been strengthening against the CHF over the past month and will likely continue to do so. EUR/CHF Price Chart Pound Sterling attempts recovery against the JPY Despite the lack of investor confidence in the Pound Sterling, the GBP has still strengthened against the JPY on Monday, with market sentiment showing bullish signals for the future. The strengthening of the GBP has been very small. The positive price change comes in an attempted recovery after the Yen strengthened against the Pound Sterling last week amidst the BoEs announcements. GBP/JPY Price Chart   Read next: (EUR/USD) ECB Reveals The Possibility Of Interest Rate Increases In July, Negative Investor Sentiment Towards The GBP, Investor Sentiment Turns Bullish For The AUD/JPY Pair - Good Morning Forex!    Sources: poundsterlinglive.com, finance.yahoo.com, dailyfx.com
Shell (SHEL) Stock Price Soars Along With The Rest Of The Industry.

Shell (SHEL) Stock Price Soars Along With The Rest Of The Industry.

Rebecca Duthie Rebecca Duthie 06.05.2022 16:01
Summary: Earnings report from shells Q1 announcement. Concerns around supply driving the share price increase.   Read next: Lyft Stocks Face Major Negative Sentiment Despite Q1 Results Exceeding Expectations.    Oil Giant Shell's stock price is up almost 0.7% on Friday. Oil Giant Shell's stock price is up almost 0.7% on Friday. The outlook for crude oil supply is looking bleak as Washington pumps out their reserves in an attempt to control soaring prices. In addition the European Union's plans to cut off their oil imports from Russia within the next 6 months are causing the price of crude oil to increase, pushing up Shell's profits and therefore their share prices. Shell earnings cause favourable market sentiment. Shell released their earnings report this week and reported their highest quarterly earnings since 2008. Shell followed suit to the rest of the oil and gas industry. Shell announced plans to increase their DPS by 4% improving investor sentiment. The favourable earnings and high profits of Shell come in a time where the rest of the market is struggling, lawmakers are calling for oil companies to be taxed higher and use the tax increase to help struggling families. Shell Price Chart   Read next: WTI Crude Oil Prices Soaring Today Amidst The EU Announcing Their Plans To Ban Russian Oil Imports.    Sources: finance.yahoo.com, cnbc.com, wsj.com
Coffee: Brazil And Columbia Are Reducing The Production

(XAUUSD) Gold, Coffee and Crude Oil - Commodities Facing Price Trouble Over the Past Month

Rebecca Duthie Rebecca Duthie 06.05.2022 12:28
Summary: In general most commodities apart from crude oil have seen a fall over the past month. Crude Oil Supply facing huge pressure.   Read next: Soybean Prices Reached Almost Record Prices, Platinum Investors Turning To New Suppliers, Copper Prices Struggling To Recover.    Coffee Futures Price Falling Over the past month the price of coffee futures have been falling consistently. The harvest at the world's largest producer in Brazil has been picking up as more fields are becoming ready to harvest. The harvest pushes supply into the market, driving the price down. However, coffee prices are still higher than those seen in 2021. Coffee Jul ‘22 Futures Price Chart Gold futures fare well today despite falling over the past month. Despite the increase in the price of gold since the market opened this morning, the price has been falling over the past month. The hawkish Fed increasing the U.S yields week-over-week has resulted in a negative outlook overall for the price of Gold. Gold is seen as a safe-haven asset and is used as a hedge against inflation, when the Fed pushes up the yields, the opportunity cost of holding Gold increases, driving investors to sell their Gold investment and instead turn to government bonds. This drives the price of gold down. In the past days gold has fared well against the Feds recent yield raise and has seen an increase of almost 0.4%. Gold Jun ‘22 Futures Price Chart Crude Oil prices continue to increase. The price of crude oil futures have been showing a steady upward trend. As global stockpiles of crude decrease, the concerns around demand have become more worrisome. Crude prices are surging as supply falls and demand is starting to increase back to pre-pandemic levels. Washington released a large number of their crude oil reserves in an attempt to control the price, however, the price continues to rise and will likely continue on this path. Crude oil Jun ‘22 Futures Price Chart   Read next: Cotton Prices Reach Highest Prices In Almost 11 Years, Copper Prices Facing Negative Outlook and EU Announces 6 Month Plan To Phase Out Russian Crude Oil Imports    Sources: finance.yahoo.com, tradingeconomics.com
Risks in the US Banking System: Potential Impacts and Contagion Concerns

(EUR/USD) All Eyes On The US Bureau Of Labour Statistics’ Results Due On Friday, (EUR/GBP) Bleak Economic Outlook For the UK Sends GBP Spiralling - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 06.05.2022 11:20
Summary: US forex and stock markets await labour statistics. The UK economic outlook shocks the market. CHF weakens further.   Read next: (EUR/USD) ECB Reveals The Possibility Of Interest Rate Increases In July, Negative Investor Sentiment Towards The GBP, Investor Sentiment Turns Bullish For The AUD/JPY Pair - Good Morning   EUR shows slight strengthening against the US Dollar The price of the EUR/USD currency pair has increased since the market opened this morning. The strengthening of the Euro comes as the market awaits the release of the latest nonfarm payrolls data due from the U.S. Bureau of Labour Statistics, which are expected to have decreased over the past month. If there were any chance of the labour crisis being improved, the Fed may slow on their aggressive monetary policy. The market sentiment for this currency pair is mixed, investors are awaiting the announcement from the Bureau of Labour Statistics, if the results are favourable, we could see the US Dollar strengthen even more, if the results are below market expectations, we could see the EUR temporarily strengthen further against the US Dollar during the trading day. EUR/USD Price Chart GBP weakens against the EUR Market sentiment is showing bullish signals for this currency pair. On Thursday the Bank of England (BoE) announced their May economic forecast, which reflected a bleak picture. The BoE forecasted inflation to reach around 10% by the end of the year, along with expectations that the UK economy will slow, this forecast made the market turn away from the GBP. In the current economic environment, it is likely that other economies will face the same issues as the UK. EUR/GBP Price Chart CHF continues to weaken against the USD This currency pair is showing bullish market signals for the future. The US Dollar continues to strengthen against the Swiss Franc, the hawkish Fed and dovish SNB are factors driving investors to be net-short. USD/CHF Price Chart USD shows strength against the GBP. The GBP has weakened substantially against the USD in the past 24 hours. The Weakness of the pound sterling is reflective of the fact that the market and the Bank of England (BoE) have differing views of where they believe interest rates are going. Despite the BoE announcing that more interest rate hikes are on the way, markets have still reflected their lack of confidence in the currency. The hawkish Fed continues to drive the US Dollar's strength. GBP/USD Price Chart   Read next: US Dollar (USD) Expected To Strengthen As Investors Await Fed’s Interest Announcement (EUR/USD, AUD/USD), BoE are Expected To Raise Their Interest Rates (EUR/GBP), (AUD/USD) Showing Mixed Market Sentiment Signals, USD/CHF Is Bullish    Sources: finance.yahoo.com, bankofengland.co.uk, dailyfx.com, poundsterlinglive.com
The British Pound Faces Further Breakdown Amidst Dollar Strength and Government Shutdown Risks

($GARI) Gari Network's Future Looks Bright As Investors Await New Advancements.

Rebecca Duthie Rebecca Duthie 06.05.2022 10:22
Summary: A look into the Chingari network. The launch of the latest version of the GARI token. Price of GARI in the future. Gari Panda.   Read next: (SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?    Chingari App is a short video-sharing app. Chingari App is a short video-sharing app that pays its content creators based on how viral their videos become. With every upload, creators get points per view which can be exchanged for money. Chingari has been labelled India's version of Tiktok. Chingari has partnered up with Solana to build and launch GARI on a decentralised exchange in 2023. GARI was India's first crypto token. GARI was India's first crypto token launched in October 2021, the public sale raised over $40 million. These funds will be used to expand the chingari team and enhance technology and to increase market initiative to strengthen the brands reach. GARI token is referred to as a social token; this type of token is one where a brand, influencer or community can use to monetize themselves beyond the typical means. $GARI NFT marketplace acts as both an in-app currency and as a governance token. Chingari is the largest on chain social graph on web3. $GARI NFT marketplace, which will launch in 2023 acts as both an in-app currency and as a governance token. This will give creators the authority over future platform development. Recall that non-fungible tokens (NFTs): are unique cryptographic tokens that exist on a blockchain and cannot be replicated. They represent a real-world item, by purchasing these real world items through NFTs, it makes purchasers less vulnerable to fraud and the process of buying and selling more efficient. Chingari Mission: Their mission is: “Our mission is to institutionalise space, and promote the growth and advancement of the underlying ecosystem and technology behind digital assets and blockchain.” Short video + short social + social commerce + social ed-tech + social entertainment on blockchain. Chingari aims to empower video content creators worldwide with blockchain. Chingari aims to empower video content creators worldwide with blockchain. Chingari is a cryptocurrency that was created in india; In 2020 Chingari noticed there were only limited avenues social media influencers could go down in order to make money on their social media platforms, Chingari saw this as an opportunity and ended up sharing 30% of their revenue earned on the platform with the creators. GARI is disrupting the influencer, digital artist and videographer economy - by allowing these creators to make money in crypto for creating and sharing their content. Ways to make money in GARI crypto in the future: Play-2-earn: Earn GARI tokens by playing games in the App. Watch-2-earn: earn Gari tokens by watching videos. Engage-2-earn: like and comment on videos on the chingari app and earn Gari tokens. GARI NFT token launch date timeline: In august of 2021, chingari began the development work for the GARI NFT token, they even managed to get funding from Solana to help fund their token creation. Since then the developers have been running simulations to test the token's resilience. In Q1 of 2022 the token developers created all the more defining elements of this coin such as the smart contracts and exchange listings, this quarter also saw the NFT and exchange wallet drops. Going forward there are still aspects to the coin that need to be defined and released, the launching of the $GARI NFT token in the United States and Europe is set for 2023. GARI Panda, What is it and how will it work? GARI Panda is an exclusive collection of 9,999 unique panda NFTs on Solana, this feature aims to bring unique & real world utilities to holders. In the future if advertisers wish to run advertisements in the Chingari app, they will need to own Gari Panda NFTs. These Gari Panda NFTs grant access to NFT-only perks such as: Exclusive access to chingari ads club. Music and video streaming revenue-share. Participate in future business opportunities initiated by the GARI community. Exclusive access and earning from P2E games. Advantages of buying and holding a Gari Panda NFTs: Access to the Chingari Metaverse: this gives users access to a platform for virtual gigs by celebrities and influencers, Virtual Reality experience is also currently being built on the app. Access to Rewards. Chingari Panda Club: Exclusive invites to “invite-only” parties with celebrities who collaborate with chingari. Influence over the Chingari platform and community. Partnership NFTs: GARI will launch partnership NFTs with music and video streaming platforms. Ownership of independent movie production house on Chingari multiplex. NFT staking: panda NFTs would be used as a reward booster for Gari staking, in the future NFT holders will be able to stake their NFTs to earn GARI tokens. Price of Gari Network The current max supply of GARI is 1 billion coins, the current market capitalization and the circulating supply is not currently available. The price of GARI network today is $0.639449. There is potential for this coin to grow in value in the future, although actual estimates are speculative, investors believe it is possible for the tokens price to reach $7 by the end of 2023. GARI Crypto Price Chart   Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)    Sources: gari.network.com, cryptoadvisor.com, chingari.en.softonic, timesofinida.indiatimes.com, coinmarketcap.com
Investors Are Worried That Elon Musk Is Losing His Focus | The Eurozone Recession Can Dampen Investors’ Hopes

Lyft Stocks Face Major Negative Sentiment Despite Q1 Results Exceeding Expectations.

Rebecca Duthie Rebecca Duthie 05.05.2022 17:04
Summary: What happened to Lyft's share price after their earnings announcements. Negative investor confidence as Lyft intends to spend more cash to attract drivers in Q2.   Read next: WTI Crude Oil Prices Soaring Today Amidst The EU Announcing Their Plans To Ban Russian Oil Imports.    Lyft announced Q1 earnings on Tuesday. After Lyft announced their earnings during the trading day on Tuesday, since then the stock price fell almost 33% during intra-day trading on Wednesday. The company’s earnings mostly surpassed market expectations, with EPS a smaller than expected loss, revenue and EBITDA exceeded the market's expectations. Q2 earnings fall short of analyst expectations. Lyft revealed they were facing a driver shortage and announced they would increase spending in an attempt to attract more drivers to the service. This means that Q2 earnings forecast took a dive, falling short on analyst expectations. Investors are worried whether the road Lyft's management is taking to attract new drivers will derail the company's path to profitability in the future. We have seen over the past month that Lyft’s share price has been gradually falling, the major fall came after the earnings announcements and the company's future plans. Lyft Share Price   Read next: (HOOD) Can Robinhood Recover From Their Q1 Earnings Announcement ?!    Source: Finance.yahoo.com, cnbc.com
US and European Equity Futures Mixed Amid Economic Concerns and Yield Surge

Soybean Prices Reached Almost Record Prices, Platinum Investors Turning To New Suppliers, Copper Prices Struggling To Recover.

Rebecca Duthie Rebecca Duthie 05.05.2022 14:01
Summary: Soybean prices continue to show volatility as concerns around supply continue. Platinum prices are still trying to find a pattern. Copper demand drops with China in lockdown.   Read next: Cotton Prices Reach Highest Prices In Almost 11 Years, Copper Prices Facing Negative Outlook and EU Announces 6 Month Plan To Phase Out Russian Crude Oil Imports.    Soybean prices have been soaring the past month. Over the past month we have seen the price of soybean futures rise to almost record highs. The Soybean commodity is under price pressure as a secondary backlash from the war between Russia and the Ukraine along with adverse weather conditions in Latin America and supply chain issues around the world. Since the start of the pandemic, the price of Soybean futures have doubled. There is a strong demand for soybean in the form of oil and feed for cattle all over the world, with Latin America being one of the worlds largest suppliers and is experiencing a poor harvest due to the poor weather conditions, the concerns around supply are growing, causing the prices to rise. Soybean Jul ‘22 Price Chart Platinum prices affected by lockdowns in China. Platinum prices dipped in the previous trading week as a result of concerns around demand with the lockdowns in China. Since then the prices have been on the rise again as the market seems to be somewhat stabilising. As economic sanctions on Russia continue, importers are turning to new sources of Platinum such as South Africa, concerns around supply remain the main factor driving the price of platinum. Platinum Jul ‘22 Price Chart Copper price dip amidst lockdown in China. Since China imposed further lockdowns in the country, the concerns around demand and supply faded for the metals futures. This created a fall in the price as the decreasing demand could take some pressure off some of the supply chain issues. China is responsible for almost half of the world's copper consumption, therefore the lockdowns had a big impact on the price of this precious metal. Copper Jul ‘22 Futures   Read next: Brent Crude Oil Price Continues To Dive, Silver Struggling To Hold Its Price Position & Corn Prices Soaring.   Sources: finance.yahoo.com, capital.com, wsj.com
FieryTrading talks Solana (SOL) - November 28th

(SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?

Rebecca Duthie Rebecca Duthie 05.05.2022 12:47
Summary: A look into what the Solana (SOL) platform is. History of Solana. Advantages of holding the token. A look into what makes Solana unique.   Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)    The Solana coin was founded in 2017 during the initial coin offering (ICO) The Solana coin was founded in 2017 during the initial coin offering (ICO), their aim is to keep cost low but still achieve scaling throughput beyond what is achieved by other popular blockchains. As well as trying to solve the blockchain trilemma. The SOL token was officially launched in March 2020. Since its launch Solana has become one of the Top 10 cryptocurrencies when referring to total market capitalisation. SOL market capitalisation and Coins in Circulation. The current number of Solana’s SOL tokens in circulation is more than 334 million and a current total market capitalisation of more than $30 billion. The supply of Solana’s SOL tokens is unlimited, it releases a number of tokens every year based on the YOY inflation rates. The blockchain trilemma. The blockchain trilemma refers to the three major issues in blockchain: decentralisation, scalability and security. Scalability in blockchain refers to the ability for a cryptocurrency to handle a large influx of transactions at one time. SOL, Solana’s native token allows users to transfer value as well as blockchain security through staking. Solana’s cryptocurrency is called SOL. It is Solana’s native token and it allows users to transfer value as well as blockchain security through staking. Solana is a highly functional open source project that implements a new high-speed permissionless 1-layer blockchain. Solana combines Proof-of-history (PoH) and the super fast synchronisation engine in one algorithm, which is a type of proof-of-stake (PoS). This algorithm can (theoretically) process over 710000 transactions per second, without scaling solutions needed.   Read next: (LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?    Proof-of-history, VDFs, proof-of-stake and synchronisation: Proof-of-history in the context of cryptocurrencies refers to a high frequency Verifiable Delay Function (VDF). A VDF produces a unique output that is efficient and can be publicly verified. Solana uses the proof-of-history to solve the issue of the need for centralised systems to verify transactions, as the need to use centralised services defeats the object of a decentralised system. Solana’s platform uses a proof-of-stake network, meaning the security network is not dependent on energy usage, thus the platform is environmentally friendly. The synchronisation engine that is used by Solana is one of the main reasons they can achieve a high throughput. The reliability of Solana’s synchronisation guarantees allows them to break down the synchronisation blocks called ‘entries’ which are then validated in real time before any block consensus. Third-generation blockchain. Solana’s blockchain is a third-generation blockchain, and is designed to facilitate smart contracts and decentralisation applications (DApp). Solana supports nonfungible tokens (NFTs) and decentralised finance (DeFi). What makes Solana unique? The hybrid blockchain platform created by Solana (mixing proof-of-history and proof-of-stake concepts) is unique; they compromise on decentralisation to produce max speeds. By compromising on decentralisation the Solana platform makes it easier to scale the coins. Basically speaking, by focusing on one node chosen by the proof-of-stake mechanism which sequences messages between the nodes. Solana also links transactions by hashing the output of one transaction and using it as the following transaction input. This is how Solana uses its proof-of-history mechanism. Advantages of holding the SOL token. Solana can process up to 50000 transactions per second with extremely low fees. Solana has achieved a high level of scalability by leveraging the proof-of-history mechanism and several other breakthrough innovations. Solana has managed to achieve economies of scale and kept the transaction fees extremely low. Solana ensures composability between projects. Solana has very high network speed and high liquidity. SOL is not difficult to buy. How to buy SOL: It is necessary to obtain a crypto exchange account. Purchase SOL on one of the more popular exchanges such as; Coinbase, Crypto.com, Gemini, Binance, Kucoin. The price future and history of Solana’s SOL After its launch in March 2020, Solana’s price struggled to gain upward momentum. In the summer of 2021, hype for crypto and NFTs and growing demand in the DeFi community caused the price of SOL to triple. In 2022 the market has been extremely volatile with investor sentiment turning risk-averse, the price of SOL has struggled to show any real trend or stability. The price of Solana is expected to increase even further in the future. Solana (SOL) Price Chart With the current wider adverse economic conditions, the price of most cryptocurrencies are facing challenges, with changing investor sentiment, the current price is constantly changing.   Read next: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!    Sources: solana.com, cointelegraph.com, docs.solana.com, cryptovantage.com, statistica.com
EUR/USD Faces Pressure Amid PMI Releases: Is More Downside Ahead?

(EUR/USD) ECB Reveals The Possibility Of Interest Rate Increases In July, Negative Investor Sentiment Towards The GBP, Investor Sentiment Turns Bullish For The AUD/JPY Pair - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 05.05.2022 10:53
Summary: Market sentiment turns bullish for the EUR/USD currency pair. Pound Sterling is facing selling pressure. Investor sentiment for the AUD changes. CHF/JPY finding a new trading range. Read next: US Dollar (USD) Expected To Strengthen As Investors Await Fed’s Interest Announcement (EUR/USD, AUD/USD), BoE are Expected To Raise Their Interest Rates (EUR/GBP), (AUD/USD) Showing Mixed Market Sentiment Signals, USD/CHF Is Bullish  ECB reveals the possible increase in interest rates in July The market sentiment on Thursday for this currency pair is showing bullish signals. On Wednesday the Federal Open Market Committee (FOMC) announced that there is a strong possibility that another 50bp hike in interest rates is possible, as the hawkish Fed continues in their fight against inflation. The bullish market sentiment comes with increasing investor confidence in the EUR after the European Central Bank (ECB) revealed that an increase in the interest rates could be possible in July. EUR/USD Price Chart Pound Sterling losing ground on the forex market The EUR/GBP currency pair is currently showing mixed market sentiment. The GBP is facing pressure against the EUR, this comes hours before the Bank of England (BoE) is set to announce interest rate hikes and the possibility of quantitative tightening plans (process of selling some of the bonds purchased under quantitative easing). The GBP has lost ground against most other currencies, reflecting the negative investor sentiment towards the Pound Sterling. In addition, investor confidence in the EUR has improved. EUR/GBP Price Chart AUD gains on JPY overnight Investor sentiment is currently showing bullish signals. The price of this currency pair strengthened since Wednesday as a result of the Reserve Bank of Australia (RBA) deciding to tighten their monetary policy. Investor sentiment for the AUD has turned positive, despite the recent losses faced by this currency. AUD/JPY Price Chart CHF/JPY signalling bullish market sentiment Both of these currencies are viewed as safe-haven currencies, due to their financial properties and low interest rates. Market sentiment is still bullish for this currency pair. The CHF/JPY tend to trade within similar ranges, which is unsurprising due to their similar fundamental characteristics, right now the currency pair is finding a new range to trade in. CHF/JPY Price Chart Read next: (EUR/USD) US Dollar Continues To Strengthen, BoEs Inflation Forecast and Economic Outlook Due On Thursday - Good Morning Forex! Sources: Finance.yahoo.com, poundsterlinglive.com, dailyfx.com
The Commodities Feed: First US crude draw this year

WTI Crude Oil Prices Soaring Today Amidst The EU Announcing Their Plans To Ban Russian Oil Imports.

Rebecca Duthie Rebecca Duthie 04.05.2022 13:11
Summary: Major concerns around supply of oil. EU to cut demand for all Russian energy imports within a year. Read next: (HOOD) Can Robinhood Recover From Their Q1 Earnings Announcement ?!  Crude Oil Prices Continue To Surge. The ongoing lockdown in China caused the prices of crude oil to fall, the fall comes despite the production issues around oil. The concerns about supply of oil have become much more serious, according to the International Energy Agency, crude oil demand is meant to increase this year, this outlook remains even taking into account the reduction in demand as a result of the extended lockdowns in China. The concerns around supply have outweighed the fall early this week, especially after the EU’s intentions to stop imports of Crude Oil from Russia within 6 months, and all energy within 1 year. European Union’s plans to ban Russian Crude Oil Imports. The European Union announced their plans to ban imports for Russian crude oil within the next 6 months, the announcement pushed the price of WTI crude oil up by almost 4%. This move comes in an attempt to cut off Russia from the EU and by doing so, starve their economic reserves which are currently funding Russia’s invasion of the Ukraine. WTI Crude Oil Futures Price Chart. Read next: (TWTR) Twitter Share Price Down After Musk Takeover Gets Approved.  Sources: finance.yahoo.com, barrons.com
Chile's Lithium Nationalization and the Global Trend of Resource Nationalism: Implications for EV Supply Chains and Efforts to Strengthen Battery Metal Supply

Cotton Prices Reach Highest Prices In Almost 11 Years, Copper Prices Facing Negative Outlook and EU Announces 6 Month Plan To Phase Out Russian Crude Oil Imports.

Rebecca Duthie Rebecca Duthie 04.05.2022 12:40
Summary: The factors affecting the cotton price. The price of copper has been affected largely by the current market environment. EU to cut off Russian energy demand. Read next:Brent Crude Oil Price Continues To Dive, Silver Struggling To Hold Its Price Position & Corn Prices Soaring.  The Cotton supply is under pressure, driving prices upwards Over the past week, cotton prices have seen a surge in prices. The futures for this commodity reached their highest prices since 2011. The price surge is related mainly to adverse weather conditions, droughts in the U.S. being a major factor. The lockdown in China has not decreased demand from the U.S. to China. The demand for cotton has also been impacted by rising energy prices as the price of materials derived from oil has risen. Jul ‘22 Cotton Futures Price Chart Copper prices continue to fall amidst market conditions Copper has lost major ground on the commodity market in the past week, this comes as a result of the extended lockdowns in China, the interest rate hike announcements and a continually strengthening US Dollar. On Monday Copper closed at close to neutral for the first time since May 2020. The continuing adverse market conditions will continue to cause Copper prices to struggle. Jul ‘22 Copper Futures Price Chart Natural Gas Prices Soar The price of Natural Gas has rallied over the past week. On Wednesday the EU announced their plans to phase out importing Russian Crude Oil and other energy imports within 6 months. The Natural Gas Prices are soaring amidst fears that it will be difficult to replace the Russian supply effectively. Jun ‘22 Natural Gas Price Chart Read next: Gold (XAUUSD) Prices Fall As U.S Yields Rise, Wheat Prices Facing Pressure, Palladium Prices In Recovery! - Commodities Today.  Sources: finance.yahoo.com
USD/CHF - US Dollar Is Awaiting Jobs Market Data, While Swiss Inflation May Trigger SNB To Hike The Interest Rate, Boosting Swiss Franc In Consequence

US Dollar (USD) Expected To Strengthen As Investors Await Fed’s Interest Announcement (EUR/USD, AUD/USD), BoE are Expected To Raise Their Interest Rates (EUR/GBP), (AUD/USD) Showing Mixed Market Sentiment Signals, USD/CHF Is Bullish

Rebecca Duthie Rebecca Duthie 04.05.2022 11:50
Summary: The Fed is expected to tighten monetary policy further. BoE is expected to raise interest rates. RBA raises interest rates for the first time since 2010. SNB remains dovish in their fight against inflation. EURO expected to weaken further against the USD. Market sentiment is bearish for this currency pair, the market sentiment comes as market participants await the Fed’s interest rate announcement, investors expect a further 50 bp rise in interest rates which will result in a stronger US Dollar. Prices are continuing to rise despite the hawkish Fed, if this continues after the next interest rate increase, there could be trouble for the USD. EUR/USD Price Chart   Read next: (EUR/USD) US Dollar Continues To Strengthen, BoEs Inflation Forecast and Economic Outlook Due On Thursday - Good Morning Forex!    GBP showing further strengthening potential against the EUR. The EUR has been weakening against the GBP since the market opened this morning. The GBP strengthening against the EUR comes with expectations that the Bank of England (BoE) is expected to increase the interest rate yields by 25bps. The European Central Bank (ECB) is still behind the United Kingdom when it comes to tightening monetary policies, causing the EUR to weaken. The current market sentiment for the currency pair is bearish. EUR/GBP Price Chart The Reserve Bank of Australia raises interest rates for the first time since 2010. Since the market opened this morning, the price of the AUD/USD has increased by more than 0.3%. Market sentiment for this currency pair is mixed. The AUD is not giving the USD more opportunity to strengthen. The Reserve Bank of Australia raised their interest rates for the first time since 2010, the tightening of monetary policy comes in an attempt to fight the rising inflation. The AUD is a risk asset, which means its price is levered to commodities. The US Dollar is expected to pull back against the AUD as the world slows down and the hawkish Fed continues its war against inflation. AUD/USD Price Chart CHF Weakens as SNB remains dovish. The US Dollar is expected to strengthen against the Swiss Franc with the market sentiment showing bullish signals. The continuing hawkish attitude of the Fed and the dovish attitude of the Swiss National Bank (SNB), means the strengthening of the USD against the CHF is likely to continue. USD/CHF Price Chart   Read next: GBP: BoE Expected to Raise Yields, US Dollar (USD) Strengthens across the board - Good Morning Forex!    Source: finance.yahoo.com, dailyfx.com
Binance Academy: Behavioral biases and avoiding them

(ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)

Rebecca Duthie Rebecca Duthie 04.05.2022 10:28
Cardano’s mission is “Making The World Work Better For All” Cardano Coin was released in September of 2017, and has grown since, their current Diluted Market Cap is sitting at more than $34 Billion. Like Bitcoin (BTC) the ADA coin has a maximum supply of 45 billion coins. Cardano’s mission is “Making The World Work Better For All ''. Cardano is a blockchain platform that was designed for change makers, innovators and visionaries. The platform has the tools and technologies that are required to create possibility for the many, as well as the few and to create global change. Read next: (LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?  Cardano is determined to redistribute the financial power to the margins from the unaccountable structures. Cardano is a proof-of-stake blockchain platform. Proof-of-stake is Cardano’s way of verifying transactions, which is necessary due to the decentralised nature of cryptocurrencies. With proof-of-stake, the owners of Cardano can stake their coins which then gives them the right to check new blocks of transactions and add them to their blockchain. Cardano is determined to redistribute the financial power to the margins from the unaccountable structures. Engineers work with the team to achieve this. Cardano was the first proof-of-stake platform to be founded on peer-reviewed research and developed through evidence-based methods. The platform provides unparalleled security and sustainability to the decentralised applications, systems and security through making use of pioneering technologies. Cardano believes that their proof-of-stake and Ouroboros are the most environmentally sustainable blockchain protocols. Cardano believes that their proof-of-stake and Ouroboros are the most environmentally sustainable blockchain protocols. The Cardano platform is the first blockchain to implement the first peer-reviewed, verifiably secure blockchain protocol. The Ouroboros allows Cardano decentralisation, Ouroboros allows the platform to grow according to global requirements without badly compromising the security. Cardano is piling their resources to try and fix the scalability and resilience issues experienced by the more dominant coins, such as Bitcoin and Ethereum. Advantages of Cardano: Cardano restores trust to global systems, using science they create a more transparent, secure and sustainable foundation for systems to govern, enterprises to grow and for individuals to exchange and transact. Cardano is green and environmentally friendly. Cardano has a two-layer core architecture making its coin mining process more efficient. Cardano has a Clearing Level (CSL), this allows users to instantly trade ADA with lower fees. The sustainability of Cardano could be the one trait that gives the coin the upper hand over most of the others. How bright is the future of Cardano? Experts believe that Cardano could be able to compete with Ethereum in the future thanks to its proof-of-stake method. This is because Cardano uses their proof-of-stake as security to keep the system running, ulike Ethereum which relies heavily on computing power and environmental resources to maintain the blockchain. The proof-of-stake method has become so popular and intriguing that even Ethereum plans to switch in the future, and many investors are switching from Ethereum to Cardano. How to invest in Cardano: The Cardano (ADA) coin is listed on many major exchanges, it has a lot of trading volume and liquidity. It is necessary to create a coin base account. One of these accounts will also give you access to more coins. Buy Cardano. The past, present and potential future price of Cardano (ADA). When the ADA coin was launched, there was an initial price surge but for a while after the price surge, the growth was pretty stable. In mid 2021 the price surged to above $2.5, yet has since fallen again. The price of Cardano is currently on a negative trend, there are many possible reasons for this, one being the current wider economic market causing a risk-averse attitude. In general there is currently negative investor sentiment in the crypto market, which means Cardano is not the only coin having price trouble. In an attempt to flip their current price trend, the developers of Cardano recently increased their block size by 10%. However, this move did not have the desired effect as the price has continued to fall since the announcement. Cryptocurrencies are normally a volatile market, because of this it is difficult to read the future market and with current wider markets as they are at the moment, it is hard to predict where this coin is actually headed in the future. Although ADA has potential to compete with larger coins, it is still in question on how long this coin may be around for. Cardano (ADA) Price Chart For this coin there is potential for high returns and low barriers for entry. However, given the current market sentiment and its potential for change if situations in the wider market improve, there is a possibility for this coin to recover in the future. Read next: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!  Sources: Finance.yahoo.com, cardano.org, cardanofeed.com, capital.com, thecollegeinvestor.com, fool.com
(LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?

(LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?

Rebecca Duthie Rebecca Duthie 04.05.2022 08:39
Summary: A deeper look into the Lucky Block platform and coin. Advantages of holding a Lucky Block coin. The process of buying a Lucky Block coin. Price predictions, past, present and future. Lucky Block is one of the most undervalued cryptocurrencies. Lucky Block launched their crypto coin earlier this year and their focus is “to develop further transparency and fairness in games, creating games and competitions where every player and entrant has better win odds while providing a solid rewards strategy for token holders while contributing to the economy.” They are one of the most undervalued cryptocurrencies, but hope to change that by building onto the Binance Smart Coin and using it to offer more transparency and equality amongst users. Lucky Block is listed on the Pancakeswap platform, in the weeks following the listing, the price increased substantially and investors saw brilliant returns. They launched their coin earlier this year, and have seen successful returns since. Read next: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!  The coin was created to give everyone a better experience for lottery entrants. Lucky Block is a cryptocurrency games platform, a worldwide games and competitions platform with “play-to-earn” rewards using blockchain protocols, it operates on the Binance smart chain. They are determined to develop further transparency and fairness in games. The coin was created to give everyone a better experience for lottery entrants. Lucky Block believes that games of chance should have no borders (geographic and financial). The coin is considered to be revolutionary - it is a “crypto-lottery” Lucky Block was the fastest crypto to earn $1 billion Market Cap, they acquired 50k+ investors in the first 90 days after launching. Why is Lucky Block so special? Their pre-sale phase sold out all the allocated tokens nearly two weeks ahead of schedule. The price rose more than 3200% over its pre-sale price and reached a fully diluted market cap of more than $500 million. Lucky Block is planning on expanding into more exchanges in the future. Advantages of Lucky Block: Free daily jackpot entry for all Lucky Block holders. Play-to-earn rewards in Lucky Block Able to buy Lucky Block NFTs with their crypto wallet. The platform can break down geographical and financial borders for entrants. Revolutionising the lottery. Upcoming exchange listings, after the way Lucky Block price reacted to being listed on Pancakeswap, investors are hoping the same will happen when Lucky Block becomes listed on more exchanges. Exciting future plans, there are 4 phases of future plans set out by Lucky Block and all of them will bring future benefits to users. Potential for passive income, for users who store their Lucky Block tokens in crypto wallets will receive dividends. These dividends are linked to the number of lotto ticket entrants. Therefore, as Lucky Block expands, users will benefit from their ownership. Deflationary, structured so that a portion of them are burned regularly. The advantages to this coin are seemingly never ending. Recall that burning coins means to permanently remove tokens from circulation in an attempt to reduce supply and drive up price. The process of buying a Lucky Block coin is not quite the same as it is to buy one of the bigger coins such as Bitcoin. It is necessary to set up a crypto wallet, the wallet should be compatible with BSC (Binance Smart Chain), for example, such as MetaMask or Trust Wallet. Fund it with BNB (Binance Coin) It is necessary to first buy Binance Coin (BNB) to facilitate the Lucky Block investment. Buying Binance Coin is easy to do through a broker or an exchange, afterwhich, it is possible to transfer the Binance coin to your crypto wallet. Connect your crypto wallet to Pancakeswap and link your wallet of choice onto Pancakeswap. It is necessary to specify the Lucky Block contract address. Buy Lucky Block coins using the Binance Coin. Lucky block has become one of the most sought after cryptocurrencies to launch this year, the platform offers many types of ownership benefits plus, there is an opportunity to benefit from value increases. Future, present and past price of Lucky Block. In the past week the price of LBlock has fallen by 7%, the past 14 days shows a fall in the price of 16.1%, the past month shows a fall of 50.2% and in the past 24 hours the price fall has been 8.4%. The negative overall performance can possibly be explained by the current economic conditions and investor sentiment. When the company launched earlier this year, the price saw a healthy increase, the original price increase after launch was more than 3200%. Since then the general market has seen a lot of volatility, which has caused investor sentiment to turn relatively negative and turn to less risky investments. Hence, the price started dropping slowly during March but has caught more downwards momentum in April. LBLOCK Price Chart The future price prediction for Lucky Block is optimistic, when the coin was listed on Pancakeswap the price of the token spiked, plus the combination with stellar use cases means investor confidence in this coin is positive. Lucky Block also has an App, making their services more easily available to users everywhere. Read next: Altcoins: What Is Student Coin (STC)? The First Of Its Kind! "Easily Design, Create And Manage Personal, Start-up, NFT and DeFi Tokens"! What Will The Future Hold For This Polish Crypto?  Sources: finance.yahoo.com, luckyblock.com, business2community.com, coingecko.com
Russia's Active Production Cuts Could Be Grounds For A Bullish Shock

Brent Crude Oil Price Continues To Dive, Silver Struggling To Hold Its Price Position & Corn Prices Soaring.

Rebecca Duthie Rebecca Duthie 03.05.2022 14:58
Summary: Brent crude oil faces production problems around the world. Silver prices have been driven down by the US Dollar rally. Corn Futures are expected to remain elevated. Brent Crude Oil prices heavily affected by China's lockdowns. Over the past week we have seen the price of Brent Crude Oil fell amidst the lockdowns in China. The effect the lockdowns have had on the macro economy have been big, this price fall comes despite the warnings of production problems. There is currently a production problem with crude oil worldwide. April saw Russia’s production fall by almost 1 million barrels. The problems in the supply chains, the war and the lockdowns in China are all causing huge market volatility. Brent Crude Oil Price Chart   Read next: Gold (XAUUSD) Prices Fall As U.S Yields Rise, Wheat Prices Facing Pressure, Palladium Prices In Recovery! - Commodities Today.   Silver Prices struggling to fight against the current US Dollar rally. After seeing a dip in price on Monday, the price of silver futures seem to be somewhat recovering. One of the dominant drivers of the silver price is investor demand, seeing as it is considered a safe-haven asset that is mainly used by manufacturers of goods. The US Dollar continued to rally this past week, which is increasing the opportunity cost of holding silver, driving demand and prices down. Silver Futures Price Chart Corn Future Prices expected to stay elevated. The price of corn futures saw large increases earlier this week, this comes as a result of the poor harvest in Latin America for this season, and war in the Ukraine putting pressure on supply chains and supply. Corn is up by 37% year-to-date. The prices are expected to stay elevated for some time to come. Corn Futures Price Chart   Read next: Exxon and Chevron Earnings Announcements Has Little Effect on Brent Crude Oil Prices, Bullish Market Sentiment For Cotton and Gold Prices Rise Again    Sources: finance.yahoo.com
(HOOD) Can Robinhood Recover From Their Q1 Earnings Announcement ?!

(HOOD) Can Robinhood Recover From Their Q1 Earnings Announcement ?!

Rebecca Duthie Rebecca Duthie 03.05.2022 14:02
Summary: Robinhood company to continue to see poor numbers? Earnings announcement affected the stock price further. The financial services company saw a 10% drop in users this quarter, putting strain on their payment for order flow business model. Over the past month the share price of Robinhood Markets, Inc. has seen a negative outlook. Investors believe that the future outlook for the company’s stock is not looking positive. The earnings announcement reflected a 43% decrease in revenues, this quarter marks the fourth consecutive quarterly revenue drop. The financial services company saw a 10% drop in users this quarter, putting strain on their payment for order flow business model. Read next: (TWTR) Twitter Share Price Down After Musk Takeover Gets Approved.  The financial services company announced that it would cut its workforce by 9% in an attempt to reach profitability by the end of the year. The financial services company announced that it would cut its workforce by 9% in an attempt to reach profitability by the end of the year. This is a clear indication to investors that Robinhood is under financial strain. On the 28th April Robinhood announced their first quarter earnings results to the market, it became clear that the company, like most other companies, has been dented by the current economic conditions in the post-covid world in the middle of a war in Europe. Robinhood lists cryptocurrencies on their exchange, however this platform has not seen the numbers that were expected, dropping 39% in relation to the previous year. With investors switching to more economical platforms, Robinhood is struggling to keep up with the competition. HOOD Price Chart Read next: Exxon and Chevron Earnings Announcements Has Little Effect on Brent Crude Oil Prices, Bullish Market Sentiment For Cotton and Gold Prices Rise Again  Sources: Finance.yahoo.com
The EUR/USD Pair Showed Local Speculative Interest In Short Positions Yesterday

(EUR/USD) US Dollar Continues To Strengthen, BoEs Inflation Forecast and Economic Outlook Due On Thursday - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 03.05.2022 12:22
Summary: EUR/USD breaks below 1.05. BoE’s and Fed monetary policy decisions due on during the trading week. GBP relying on the Fed’s quantitative tightening decisions. EURO is under pressure. The EURO lost more ground to the USD during the trading day on Tuesday, the price is sitting below 1.05. The first quarter of 2022 has not been positive for the EURO, with the Russia-Ukraine conflict still raging, the post-covid world, the hawkish Fed and lockdowns in China, are all putting pressure on the already weakening EURO. The market sentiment for this currency pair is mixed. EUR/USD Price Chart Read next: GBP: BoE Expected to Raise Yields, US Dollar (USD) Strengthens across the board - Good Morning Forex!  GBP sees strength against the EUR The GBP has strengthened against the EUR since the market opened this morning, however market sentiment is showing bullish signals. The strengthening of the GBP comes in anticipation of the Bank of Englands (BoEs) announcements due on Thursday, the market expectation is to see a hawkish BoE. If the BoE remains dovish, we could see the EURO bounce back. EUR/GBP Price Chart USD/CAD beats March high on Tuesday. The USD strengthened against the CAD on Tuesday, it's a busy week for the USD, the Federal Reserve is due to announce its monetary policy decision. The market sentiment for this currency pair is showing bullish signals, however, investor sentiment and confidence could easily be swayed in the coming days. USD/CAD Price Chart GBP shows strength against the USD. The Bank of Englands (BoE) monetary policy is the key driver for its small recovery against the USD, however the future of this currency pair lies in the decision of the Fed. The Fed is expected to begin the balance sheet reduction process through quantitative tightening could have adverse effects on the GBP. The market sentiment for this currency pair is bullish. GBP/USD Price Chart Read next: US Dollar (USD) Continues To Trump The EUR, BoE Expected To Increase Interest Rates, SNB Remains Dovish, South African Rand (ZAR) Performance  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Euro Area Final CPI Ahead of ECB's Interest Rate Decision on Thursday

(TWTR) Twitter Share Price Down After Musk Takeover Gets Approved.

Rebecca Duthie Rebecca Duthie 02.05.2022 14:10
Summary: The transaction between TWTR and Musk. Aspects that still need to happen for the transaction to close. Twitter Board approves the sale of TWTR to Elon Musk. Last week Twitters (TWTR) board agreed to sell the company, when the deal was approved, the share price of TWTR dropped and since has struggled to fully recover. Just because the board accepted the $44bn takeover offer from Musk does not mean the transaction is closed, there is still a way to go until the deal gets closed, if this happens, investors in the Tech and Social media industries could face a completely different landscape in the future. The shareholders will get $54.20 per share that they own. Twitter to become a private company if or when the transaction goes through. If or when the transaction closes, TWTR will become a private company and with that there will be less financial and operational transparency. Read next: Exxon and Chevron Earnings Announcements Has Little Effect on Brent Crude Oil Prices, Bullish Market Sentiment For Cotton and Gold Prices Rise Again  Share Price movements There are still aspects that need to be addressed for the transaction to close, that means the shareholders will have to approve at the next annual general meeting (AGM), and the deal must also meet regulatory approval and other closing considerations. The price of TWTR Shares has not been rising like in a normal acquisition, this could be because investors are uncertain of what the future holds for this social media giant. TWTR Price Chart Read next: Amazon (AMZN) And Apple (APPL) Post Earnings Announcement Performance. Elon Musk Moves On To Coca-Cola!?  Sources: ft.com, finance.yahoo.com
Increase Of Whales Wallets And California's Digital Financial Assets Law

(USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!

Rebecca Duthie Rebecca Duthie 02.05.2022 13:37
Summary: The past, present and future of USD Coins. The options available for use of USDC. Terminology. USDC as a pillar of the blockchain ecosystem. The USD coin was launched in 2018, and has since become a popular tool for applications and businesses of all sizes, it is used in every industry. The Coin flows seamlessly across most of the world's top blockchains. USD Coin is a digital stablecoin that is attached to the US Dollar. USD Coin is a digital stablecoin that is attached to the US Dollar, it is used as a digital dollar for global businesses. This coin is interesting because it is always redeemable in a ratio of 1:1 for US Dollars, meaning it gives its users access to the US Dollar. There are 49.3 Billion USDC currently in circulation. Recall that a stablecoin is a type of cryptocurrency whose price is designed to be pegged to a cryptocurrency, fiat money or exchange commodity. In other words a stablecoin relies on a more stable asset as a basis for its value.   Read next: Altcoins: What Is Student Coin (STC)? The First Of Its Kind! "Easily Design, Create And Manage Personal, Start-up, NFT and DeFi Tokens"! What Will The Future Hold For This Polish Crypto?    USDC is seen as a pillar of the blockchain ecosystem. USDC is seen as a pillar of the blockchain ecosystem. The USDC software is open-source and is managed by an organisation that drives standards for the adoption of trusted stablecoins, and enforces payment and identity standards; this organisation is called Centre Consortium. The USDC is available on most of the world's most powerful and innovative block chains. The fact that USDC offers a broad, native availability and the ability to seamlessly swap across the blockchain ecosystems, means that developers who build with USDC are able to extend their reach. The Centre Consortium's second major standard provides decentralised identity for crypto finance, called Verite. Verite is a collection of standardised protocols that can help make it safer, easier and more efficient to do business across the world of DeFi and Web3 commerce. Verite is free and anyone can use it and to build on. USDC is considered a trusted store of value. USDC is becoming more accessible and easier to use through more wallets, exchanges, protocols, platforms, apps and service providers are allowing these transactions. The coin is widely used for payments and seems to be breaking border issues in international transactions, as it becomes more popular in the business world. USDC is considered a trusted store of value. There are many ways that investors can use the USDC trading platform, these are listed below. USDC makes use of Decentralised Finance (DeFi), the use of smart contracts has eliminated the need for financial intermediaries, the smart contracts automatically link buyers, sellers, borrowers and lenders, this opens access to the financial market up to more people. For those users who prefer Centralised Finance (CeFi), there is the option to invest in the USDC where they can earn a predictable yield on their investments. In addition the CeFi service allows institutional accredited investors to allocate funds to “Circle Yield” - this is a fixed term investment that is built on USDC and is overcollateralized with Bitcoin. Digital Asset Trading is common amongst USDC users, they use USDC as a base currency for quickly entering and exiting positions in crypto capital markets globally. This service is more common amongst retail investors and institutional traders. Traditional and crypto-native businesses use the coin in business. Corporate brands and gaming companies are making use of USDC to build marketplaces for NTFs and other digital assets, they hope this will improve customer engagement through improved brand experience. Global payments and remittances: USDC allows users to transfer value globally, at high speed and extremely low costs. It also allows users to easily transfer value back into fiat currencies. USDC is available to almost anybody who has access to the internet. It is easy to gain US Dollar exposure through investing in the USDC, and use it to trade, for payments and transfers. Investors and businesses all over the world are using the USDC smart contracts as a tool for building the future of commerce. We can see from the chart below that the price saw big increases before COVID-19 and then the price fell sharply in light of the COVD-19 pandemic which swayed investor sentiment and made investors risk averse. Since then the price has been quite stable despite the current negative investor sentiment in the market since late February. With all cryptocurrencies, we have seen observed that although cryptocurrencies are decentralised, they are in fact affected by market performance and investor sentiment. USDC Price Chart   Read next: What Is SFM? Does The Altcoin SafeMoon (SFM) Have A Bright Future?    The Advantages of USDC An advantage of USDC is that it is fully backed by cash and short-dated U.S. government obligations so that it is always redeemable 1:1 US dollars. Each month attestation reports regarding the reserve balances backing the USDC is published. This creates more transparency in the coin and therefore more investor confidence. Price stability. Lots of liquidity. Good reputation and backed by Circle’s assets. Sources: circle.com, finance.yahoo.com, sofi.com
Gold (XAUUSD) Prices Fall As U.S Yields Rise, Wheat Prices Facing Pressure, Palladium Prices In Recovery! - Commodities Today.

Gold (XAUUSD) Prices Fall As U.S Yields Rise, Wheat Prices Facing Pressure, Palladium Prices In Recovery! - Commodities Today.

Rebecca Duthie Rebecca Duthie 02.05.2022 10:48
Summary: Gold versus U.S Yields. Palladium Prices showing signs of recovery. Wheat prices affected by Russia’s possible taxation of the commodity. Gold Futures Price Falls As the opportunity cost for holding rises. The price of gold has fallen amidst the Federal Reserve raising yields and therefore putting pressure on zero-yield bullion. The market is concerned at how big the next 2 interest rate hikes could be, the Fed are putting their best foot forward as they attempt to fight the increasing inflation and increasing labour costs. As the short term U.S interest yields increase, the opportunity cost for holding gold increases too, driving the price down with the falling demand. Gold Futures Price Chart   Read next: Exxon and Chevron Earnings Announcements Has Little Effect on Brent Crude Oil Prices, Bullish Market Sentiment For Cotton and Gold Prices Rise Again    Palladium prices are back on the rise. Over the past week the price of palladium has seen an overall positive price trend, this comes with the problems in supply chains around the world and the Russia-Ukraine war. Russia is one of the biggest producers and exporters in the world, with South Africa, Russia produces and exports around 70% of the world's palladium. The sanctions on Russia are putting a dent in supply, in addition, the lockdowns in China causing concerns around demand. Palladium Futures Price Chart Wheat prices facing pressure. Wheat Future prices down around 1% today. The price has been stable over the past week apart from the sharp drop on Sunday amidst concerns around Russia imposing taxes on its wheat exports between now and July 2022. There are concerns around demand and supply with Wheat due to the war in the Ukraine and concerns around supply chains. Wheat Futures Price Chart   Read next: Natural GAS (NGAS) and RBOB Gasoline’s (RB) May Futures Expected To Increase Further In 2022. Copper (HG) Prices Also Forecasted To Increase.    Sources: Finance.yahoo.com, agriculture.com
Britain's Rishi Sunak And EU's Ursula Von Der Leyen Will Meet Today To Finalize The Northern Ireland Drama

GBP: BoE Expected to Raise Yields, US Dollar (USD) Strengthens across the board - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 02.05.2022 09:24
Summary: USD Trumps all other currencies on the forex market today. SNB Sticks to loose monetary policy. BoE expected to raise treasury yields. EUR weakens further over the weekend. Since the market opened today the EURO has weakened against the USD. The USD strengthening comes with expectations of the hawkish Fed pushing U.S yields higher in May, this comes in the fight against the highest inflation the US has seen in 40 years. In addition, the European Central Bank is not expected to increase yields until their Asset Purchasing Program (APP) comes to a close. The current market sentiment is mixed for this major currency pair. EUR/USD Price Chart   Read next: US Dollar (USD) Continues To Trump The EUR, BoE Expected To Increase Interest Rates, SNB Remains Dovish, South African Rand (ZAR) Performance    Mixed market sentiment for EUR/GBP. GBP weakens against the EURO today. The Eurozone and Germany are expected to announce their GDP figures this week which could likely improve investor sentiment in the EURO. The market sentiment for this currency pair is mixed, this comes as the lockdowns in China and the Russia-Ukraine conflict are current aspects that affect both of these currencies. EUR/GBP Price Chart Swiss National Bank Sticks to their loose monetary policy. The USD strengthening against the CHF comes in anticipation of the Fed further increasing U.S yields in May. The Swiss National Bank (SNB) is not budging on their loose monetary policy amidst beliefs that this period of high inflation is temporary, causing the Swiss Franc to weaken. USD/CHF Price Chart Bank of England (BoE) expected to raise yields. Since the market opened this morning, the market sentiment for this currency pair is bullish. Although the price is decreasing, the bullish sentiment comes with expectations that the Bank of England (BoE) will announce an increase in treasury yields by 25 basis points at Thursday's announcements. The Fed is also expected to raise yields, this is causing the price to show volatility. GBP Price Chart   Read next: Euro (EUR) Continues To Weaken Against The US Dollar (USD), Euro Under Pressure Amidst Russia’s Decision To Tighten Gas Supplies. GBP Strengthens Against the JPY.    Sources: fxstreet.com, Finance.yahoo.com, dailyfx.com.
Commodities: EU Members Manage To Agree On Price Caps For Russian Oil

Exxon and Chevron Earnings Announcements Has Little Effect on Brent Crude Oil Prices, Bullish Market Sentiment For Cotton and Gold Prices Rise Again

Rebecca Duthie Rebecca Duthie 29.04.2022 14:42
Summary: Despite the earnings of Chevron and Exxon not meeting expectations, the price of Brent Crude Oil continues to rise. Cotton futures prices rise as farmers begin to hoard. Gold prices on the rise again amidst worrying U.S GDP numbers. Brent Crude Oil price increase continues. The week started off poorly for the Brent Crude Oil stocks, but have since then risen substantially. Despite the earnings report of energy sector giants Chevron and Exxon falling short of investor expectations, the price of Brent Crude Oil still saw price rises over the past 24 hours. The price increase comes with the West continuing to move away from Russia for their oil supplies and therefore the concerns around supply continue. Brent Crude Oil Price Chart Read next: Platinum and Random Length Lumber Futures Prices Falling Whilst Corn Futures Are Showing Bullish Signals.   Cotton futures may continue to be bullish. The Price of cotton futures continues to rise amidst China's lockdowns as concerns about crop planting and adverse weather conditions rise. With China being one of the major suppliers of cotton worldwide and therefore future supply concerns pushing the price up, as well as farmers hoarding their cotton in hopes the future prices will increase the commodity prices are likely to continue this bullish trend. Cotton Futures Jul ‘22 Price Chart Gold Futures on the rise again. Gold Futures rose on Friday as worrying U.S economic data sent investors seeking the gold safe-haven investment. US GDP came out as disappointing, meaning that pressure could be taken off the Fed to continue on its hawkish monetary pursuit, begging the question of whether fighting the inflation is worth dragging the economy into a recession. Gold Futures Price Chart Read next: Natural GAS (NGAS) and RBOB Gasoline’s (RB) May Futures Expected To Increase Further In 2022. Copper (HG) Prices Also Forecasted To Increase.   Sources: Finance.yahoo.com, economictimes.indiatimes.com 
Altcoins: What Is Student Coin (STC)? The First Of Its Kind! "Easily Design, Create And Manage Personal, Start-up, NFT and DeFi Tokens"! What Will The Future Hold For This Polish Crypto?

Altcoins: What Is Student Coin (STC)? The First Of Its Kind! "Easily Design, Create And Manage Personal, Start-up, NFT and DeFi Tokens"! What Will The Future Hold For This Polish Crypto?

Rebecca Duthie Rebecca Duthie 29.04.2022 12:30
Summary: A look into Student Coin, what is it, how does it work? Tokenization for the future. Advantages of Student Coin. Future of Student Coin Student Coin was founded in 2018 for a student investors club that was called “Kapitalni” that was operating at Kozminski University, in Warsaw Poland. STC is an official partner of TEDxWarsaw. According to the studentcoin.org Student coin is the first crypto coin that allows users to easily design, create and manage personal, start-up, NFT and DeFi tokens. The mission of Student Coin is to allow organizations and people to create, manage and develop their own tokens, they hope that through this platform they will achieve a concept called tokenization. “Tokenization” in this context is when every person and company has its own token. The founders of Student coin believe that tokenization is the future of the economy. The platform allows for custom tokens to be made, these tokens can be used for crowdfunding, trading, governing, voting or payments. These tokens are stored on the STC exchange and in the STC wallet. The aim of Student Coin is to “enable scalability of startups in their early stages by creating an opportunity for numerous investors to engage through tokenization, which also contributes to increased visibility, customers, and the fundamental values.” Read next: What Is SFM? Does The Altcoin SafeMoon (SFM) Have A Bright Future?  Student Coins products, STC Terminal, STC Wallet, STC Staking, STC Voting, STC Academy, STC Exchange. The Student Coin platform offers many products. STC Terminal: this is the first “one-stop tool” for creating a custom token, with various utilities - no programming background is needed. The tokens created using the STC Terminal will be added to the STC Exchange and STC Wallet. STC Wallet: this platform allows for storing and trading the STC tokens. This wallet allows the users to stake, vote and transfer assets at low fees. STC Staking: when investors hold tokens in their STC wallets, they have the opportunity to earn flexible interest in STC tokens and receive seasonal STC-based token airdrops. STC voting: the users are encouraged to influence the Student Coin’s strategic decisions, this can be done through voting polls. Whilst the voting is free, the amount of influence a user has depends on the amount of investment the user has in Student Coin. STC Academy: Student Coin knows of the importance of creating an educational role when it comes to adopting the new technology process. This STC Academy “assists in building the cryptocurrency market relevance, security rules and is community-friendly for every user.” The academy courses are of high-quality and cover topics in blockchain, crypto assets, new technologies, and investing. The Student Coin founders are certain that this educational platform will promote both the concept of tokenization and the use of crypto assets. STC Exchange: This platform has not yet been fully launched, but it is hoped that the platform will be used for connecting STC users with the rest of the finance world. The exchange is being designed to be user friendly and available worldwide, whilst having the highest standards of Market-Making API and trading features. Advantages of STC coin: Student Coin prides themselves as a reliable, fundamental, long-term product that is based on academic values. Allows for the creation of a coin that can be personalized by an individual or organization. Token holders will receive a cyclical payment that will be generated on the STC Exchange from token trading fees and crowd funding. STC will try to create a global community that will connect token holders and students , similar to social media in the beginning. STC believes in the importance of academic learning and will attempt to help users all over the world. Below is a chart taken from Finance.yahoo.com, it represents the price of the STC token since it went to market in July 2021. This past week STC has seen prices. In the past 7 days the price of Student Coin has declined by 4.8%, The current price is 0.0043, down by almost 3.5% today. The Student Coin is more than 94% below its all time high of €0.066252. The current circulating supply of the coin is 5,322,747,502 STC. STC Crypto Price Chart Read next: Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns  The Future of Student Coin looks bright if investors weather the 2022 storm. Although the price predictions according to swapspace.co for 2022 are showing sell signals, the same platform is showing strong buy signals up until 2030, indicating that the future for this coin may be bright. Sources: coinbase.com, studentcoin.org, Finance.yahoo.com, bitcoinist.com
The Trade Off - 31/03/22

Amazon (AMZN) And Apple (APPL) Post Earnings Announcement Performance. Elon Musk Moves On To Coca-Cola!?

Rebecca Duthie Rebecca Duthie 29.04.2022 10:44
Summary: Amazon causes poor investor sentiment. Apple shocks the market. Musk going after Coca-Cola next?? Amazon (AMZN) stock prices show improving investor confidence despite disappointing revenue forecasts. During post market trading yesterday, the AMZN share price fell by almost 10%. This fall comes after the tech giant made its earnings announcement, this was because the earnings missed investor forecasts. The slightly disappointing revenue in Q1 of Amazon came as a result, amongst other things, of a decrease in consumer spending online and a return to in-person-activities. Amazon attributed its disappointing earnings to the current adverse economic conditions partly coming from the Russia-Ukraine conflict and partly from the issues around supply chains. Their earnings increase is 37% lower (Q1 2022: 7%, Q1 2021: 44%) than this time last year and their EPS has fallen by 0.84 cents for the same time period. AMZN Share Price Chart Read next: (APPL) Apple Earnings and (AMZN) Amazon Earnings Are Due To Be Announced! What To Expect?  Apple earnings announcement left investors feeling bullish Apple share prices increase inlight of favorable earnings reported by the tech giant. The earnings reported were better than the market expected. Although the Q1 earnings for Apple are causing the share price to increase, concerns still remain around the future supply chains of this tech giant, they can be heavily impacted by China’s “zero-covid” policy and its lockdowns. APPL Share Price Chart Elon Musk targeting Coca-Cola next? On Wednesday night Elon Musk posted a tweet on his platform suggesting or joking about acquiring the Coca-Cola company, this comes after his offer to buy Twitter (TWTR) was approved by the board. Musks tweet was as follows “Next I’m buying Coca-Cola to put the cocaine back in”. Although many of the world’s richest man's followers saw the tweet as a joke, there was a time when people thought his quest for TWTR was a joke too. The tweet caused Coca-Cola’s share price to drop hugely, the price has since recovered, but what does the future hold for this beverage giant ? KO Share Price Chart Read next: Zuckerberg Didn't Shock Market! Meta Platforms Inc. (FB) Q1 Earnings Announcement Expected Whilst GlaxoSmithKline (GSK) Delivers Favorable Figures  Sources: dailyfx.com, Finance.yahoo.com
Australian CPI Expected to Rise to 5.2%: Impact on AUD/USD and RBA's Rate Hike Dilemma

US Dollar (USD) Continues To Trump The EUR, BoE Expected To Increase Interest Rates, SNB Remains Dovish, South African Rand (ZAR) Performance

Rebecca Duthie Rebecca Duthie 29.04.2022 09:52
Summary: The US Dollar strengthens further. EUR/GBP investor sentiment has not changed regardless of the BoE’s expected announcement on interest rates. CHF weakens due to SNB dovish approach to monetary policy. A short look into the ZAR. The Euro has spent the past week trying to recover against the USD. Over the past week the Euro has been weakening against the USD. This comes from the continuous strengthening of the US Dollar, the hawkish Federal Reserve Bank (Fed) ended last week announcing they would push interest rates up for the 7th consecutive week in their fight against inflation. The Euro has been struggling to fight against the strengthening USD, the European Central Bank (ECB) has not tightened their monetary policy to fight inflation, because of the risk averse sentiment of investors in the current market, many are fleeing the Euro and turning to the stronger USD. However, since the market opened this morning, the EUR has slightly strengthened against the USD, whether or not this will continue is uncertain, the market sentiment is mixed for this currency pair. EUR/USD Price Chart Read next: Euro (EUR) Continues To Weaken Against The US Dollar (USD), Euro Under Pressure Amidst Russia’s Decision To Tighten Gas Supplies. GBP Strengthens Against the JPY.  GBP Weakens against the EURO during the past trading week. Since the market opened this morning, market sentiment for this currency pair is bullish, this means that investors are expecting the EUR to strengthen against the GBP. Over the past week, the overall trend is showing the EURO strengthening against the GBP, however, the rise of the EUR has not been smooth, the chart below shows the volatility this currency pair has felt this week. The Bank of England (BoE) is expected to announce a rise in interest rates on Thursday in the fight against inflation, perhaps the GBP will start to see some strengthening against the EURO. EUR/GBP Price Chart Swiss National Bank As of the market open this morning the CHF has strengthened against the USD, however, the market sentiment for this currency pair is showing bullish signals. Over the past week the USD has been strengthening consistently against the CHF. As the Fed continues their hawkish approach to the fight against inflation through tightening monetary policy, the US Dollar continues to trump most of its currency counterparts. The Swiss National Bank (SNB) believes this rise in inflation is only temporary and continues to stand by their loose monetary policy stance. USD/CHF Price Chart South African Rand (ZAR) weakens against the USD. The ZAR is the National Currency of South Africa and is used by Swaziland, Namibia and Lesotho, in general the ZAR tends to strengthen when investors are willing to take on more risk in developing countries' economies. Given the current economic pullback, the ZAR has been weakening against the current aggressively strengthening US Dollar. USD/ZAR Price Chart Read next: EUR/USD Drops Below 1.07?!, GBP Weakens Against the EUR For The Third Consecutive Month, SNB Showing No Sign Of Tightening Monetary Policy  Sources: Finance.yahoo.com, poundsterlinglive.com, dailyfx.com.
What Is SFM? Does The Altcoin SafeMoon (SFM) Have A Bright Future?

What Is SFM? Does The Altcoin SafeMoon (SFM) Have A Bright Future?

Rebecca Duthie Rebecca Duthie 28.04.2022 13:30
Summary: SafeMoon Coin, what is it, how can investors purchase it? SafeMoon’s past and future prices. Functions of SafeMoon. SafeMoon is one of the newer cryptocurrencies on the market, having been launched in the first quarter of 2021. SafeMoon is one of the newer cryptocurrencies on the market, having been launched in the first quarter of 2021 SafeMoon had around 2.9 million holders in January 2022. The token's founders wanted a coin that would ensure “safe” gains. SafeMoon designed its products to resist volatility through offering rewards to its investors for holding their coins. SafeMoon is a type of cryptocurrency that is based on human-based technology and business, their aim is: “expanding blockchain technologies for a brighter tomorrow”. SafeMoon refers to their community as “The SafeMoon Army” which is a deeply connected community who innovates for good. They are building blockchain, commerce, metaverse and NFT products to attempt at deriving new product values from already standing crypto technology and put it towards better use. The SafeMoon Protocol V2 Token; a community based DeFi Token that is a part of SafeMoon’s expanding ecosystem. Coindesk.com defines DeFi tokens as representatives of “a diverse set of cryptocurrencies native to automated, decentralised platforms that operate using smart contracts.” Recall that a decentralised cryptocurrency platform transfers the control and decision making from a centralised entity (organisation, individual or group) and is given to a distributed network and smart contracts. Recall that smart contracts are digital contracts which are stored on a blockchain, when predetermined terms and conditions are met, the programs are executed. Read next: Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns  There are 4 Functions that occur when a SafeMoon trade occurs: Reflection: 4% of the transaction is distributed to all coin holders. This is in an attempt to lessen the problems with mining rewards. This happens in 2 ways: (a) The reward amount is dependent on the size of the purchase. (b) encourages token holders to collect higher payments based on number owned. This will attempt to prevent the earlier investors from selling their tokens en masse and being able to sway the price, like with Bitcoin. LP Acquisition: 3% of each transaction is added to liquidity. The automatic liquidity pool is seen as an advantage of SafeMoons coins, it creates a solid price floor for both buyers and sellers. The LP is meant to help with long-term stability, in addition, written in a smart contract there is a 10% penalty for sellers of the coin and 5% of this penalty is split between existing holders, this is in an attempt to discourage investors from selling their coins. Manual Burn: 2% of tokens are burnt. The burning of SafeMoon Tokens is manual instead of continuous, this is in an attempt to increase the value of the coins for long-term investors. It also increases transparency of the coin as the burns are announced and tracked publicly. Growth Fund: 1% is added to the SafeMoon Ecosystem Growth Fund. The SafeMoon coin is designed to discourage selling, driving the price up over time and benefiting early investors and the owners. There are some analysts who believe that early adopters will pump the coin and hype it up to drive the price up and then sell when they have made money. The price history of SafeMoon has been a rollercoaster. Since the coin was launched its price has risen by more than 140,000%, showing the huge momentum this coin has had. SafeMoon falls under the altcoin category, meaning that it is highly sensitive to movements happening on the wider crypto market. Hence, due to current general bearish market sentiment, it is not surprising that the coin has seen almost a 61% decline in its price over the last month. Price predictions for 2022 will depend on two factors. Market sentiment and the broader crypto markets. We are seeing more of a link between the general stock markets and the crypto markets, this came to light when we saw both markets react to the announcements of rising inflation and rising interest rates. This is because the opportunity cost of holding cryptocurrencies and stocks increases as these yields rise, especially because the investments linked to the rising yields are considered safer than cryptos and stocks. The utility factors of the SafeMoon coin will affect the price, these utility factors will determine how they will manage the coin. SafeMoon Crypto Price Chart Read next: What Is Chia Coin? - (XCH) - First New Nakamoto Coin Since Bitcoin Launch (2009)  To purchase the SafeMoon coin investors will need to download the Trust Wallet App It is necessary to purchase an already established coin such as Binance or bowscoin. Click on the DApp tab on the Trust Wallet App, this allows you to find decentralised coins. Look for Pancakeswap - this will allow you to trade Binance or Bowscoin for SafeMoon tokens. The SafeMoon Tokens will be held in the Trust Wallet App going forward. Sources: safemoon.com, coindesk.com, gobankingrates.com, Finance.yahoo.com, business2community.com, thetimes.co-uk.
Key Support Levels in Forex Pairs: EURUSD, GBPUSD, and EURGBP

(APPL) Apple Earnings and (AMZN) Amazon Earnings Are Due To Be Announced! What To Expect?

Rebecca Duthie Rebecca Duthie 28.04.2022 11:38
Summary: Apple stock prices are facing pressure amidst lockdown in China causing concerns over supply. Amazon stock prices are being heavily affected by current market sentiment. Apple stock prices are declining despite investor confidence in their Q1 earnings announcements. In general market sentiment is showing bearish signals, but this negative sentiment is lying heavily on BigTech stocks, this sentiment runs so deep that buying BigTech stocks almost makes sense. According to some analysts, the sentiment on tech stocks is so bad at the moment that there has to be an end in sight coming soon. After the market close today, we can expect Apple (APPL) to announce their earnings reports. After the market close today, we can expect Apple (APPL) to announce their earnings reports. The Apple stocks have been falling drastically over the past week inlight of uncertainty around the lockdowns in China and how they will affect the second quarter's earnings. However, investors do expect the earnings from Apple’s first quarter to be favourable. APPL Stock Price Chart Read next: Zuckerberg Didn't Shock Market! Meta Platforms Inc. (FB) Q1 Earnings Announcement Expected Whilst GlaxoSmithKline (GSK) Delivers Favorable Figures  Amazon (AMZN) earnings report due later today. There is a lot of weight that has been riding on the tech companies earnings announcements this week, with amazon due to make their earnings announcements later today along with Apple, the market sentiment is bearish. Even if all the Q1 earnings announcements from the BigTech companies were favourable (which has not been the case), the market would still struggle to recover from the current negative sentiment. Over the past week the price of Amazon's stock has been falling over the past week inlight of the negative market sentiment. With the employees from one of the warehouses of Amazon lobbying to unionise, increasing prices and supply problems could be indications of potential earnings struggles for this tech giant. Amazon.com Price Chart Read next: (MSFT) Microsoft and (GOOGL) Alphabet's (Google) Earnings Announcements Due Later Today  Sources: finance.yahoo.com, barrons.com, fastcompany.com
The EUR/USD Pair Showed Local Speculative Interest In Short Positions Yesterday

Euro (EUR) Continues To Weaken Against The US Dollar (USD), Euro Under Pressure Amidst Russia’s Decision To Tighten Gas Supplies. GBP Strengthens Against the JPY.

Rebecca Duthie Rebecca Duthie 28.04.2022 10:28
Summary: USD closing in on the highest price in almost two decades. Russia tightens Gas supplies to Europe. GBP showing signs of stability against the JPY. AUD CPI rates shock market participants. Euro is, once again, bested by the US Dollar today. Since the market opened this morning the Euro has weakened further against the US Dollar. However, over the past 24 hours the EUR/USD currency pair price hit its lowest value since March 2020. Investor sentiment is mixed and according to Dailyfx.com, 78% of investors are net-long on the EUR/USD. The borrowing costs for USD in currency derivatives increased on Thursday as USD got closer to its highest value in almost two decades. EUR/USD Price Chart   Read next: EUR/USD Drops Below 1.07?!, GBP Weakens Against the EUR For The Third Consecutive Month, SNB Showing No Sign Of Tightening Monetary Policy    Euro Weakens as Russia cuts Gas supplies. GBP has been strengthening against the EUR in the past 24 hours as Russia cuts gas supply to the EU, in addition scientists are warning of EU stagflation and the potential for an economic recession looms. The uncertainty around Russia's future decisions regarding supplying Europe is a topic of concern, and could potentially weaken the Euro further. However, the current market sentiment for this currency pair is showing bullish signals. EUR/GBP Price Chart GBP finding stability against the JPY. Current market sentiment for the GBP/JPY currency pair is showing bearish signals, however since the market opened this morning, the GBP has strengthened against the JPY. The increase in the price since Wednesday comes with some market stabilisation, finally. It is worth paying attention to this pair amidst the changing market as we may see the price volatility continue as risk appetite changes. GBP/JPY Price Chart AUD shows strength against NZD. The AUD strengthened against the NZD inlight of its rise in CPI. The recovery of the AUD comes in the aftermath after a crash thanks to the lockdowns in China. The recovery of the AUD is dependent on the Reserve Bank of Australia and their future decisions on interest rates. AUD/NZD Price Chart   Read next: Bitcoin Price Back on The Rise, Consumer Spending In The UK Falls In Light Of Inflation And The US Dollar Continues to Strengthen    Sources: dailyfx.com, finance.yahoo.com, poundsterlinglive.com
Oz Minerals’ Quarterly Copper Output Hit A Record High, Brent Futures Rose

Natural GAS (NGAS) and RBOB Gasoline’s (RB) May Futures Expected To Increase Further In 2022. Copper (HG) Prices Also Forecasted To Increase.

Rebecca Duthie Rebecca Duthie 28.04.2022 09:13
Summary: Natural Gas and RBOB gasoline prices are expected to increase even more throughout 2022. Increasing energy prices raise concerns around the future of clean-energy. Increasing costs of metals are driving the price of renewable energy up. Natural Gas Futures prices are expected to increase further this year. Over the past week the price of Natural Gas has dipped and then recovered. Since the market opened this morning the price of this commodity has fallen by almost 2.6%. On Wednesday the World Bank released a statement indicating that they expected energy prices to increase by a further 50% throughout 2022 before easing in 2023 and 2024. The prices of most commodities are dependent on what happens with the Russia-Ukraine conflict, which has already shocked the commodity market by altering trading patterns, production and consumption. NGAS Futures Price Chart RBOB Gasoline prices are expected to increase in 2022. Since the market opened this morning, the price of RBOB Gasoline has fallen by almost 0.7% and has seen varied prices over the past week. Since RBOB Gasoline forms part of energy commodities, the price is expected to increase according to the World Bank's forecast above. The increase in energy prices has raised concerns that the transition to clean-energy will be delayed, as many countries have announced plans to increase their production of fossil fuels. RBOB Gasoline Futures Price Chart Copper Futures prices are expected to increase in 2022. According to the article of commodity markets outlook released by the World Bank, the price of metals are expected to increase almost 20% in 2022. Should the war between Russia and the Ukraine persist, price forecasts could change even more. The price of Copper will also be affected by the changing trade patterns being more expensive, in addition the higher metal prices are pushing up the cost of renewable energy in general. However, since the market opened this morning the price of copper has fallen by 0.83%, this has been the general price trend of the commodity over the past week, perhaps a result of investor sentiment and uncertainties around China's lockdowns. Copper Futures Price Chart Sources: worldbank.org, finance.yahoo.com
Turbulent Times Ahead: USD Smile and JPY's Future - Q3 2023 Analysis

Zuckerberg Didn't Shock Market! Meta Platforms Inc. (FB) Q1 Earnings Announcement Expected Whilst GlaxoSmithKline (GSK) Delivers Favorable Figures

Rebecca Duthie Rebecca Duthie 27.04.2022 12:35
Summary: Meta Platform Inc. stock price drops as investors await earnings report. GlaxoSmithKline’s Q1 results should have impressed investors. Meta (FB) stock price falls as investors await earning reports due this evening. The Q1 earnings of Meta announcement is due later today, inlight of this announcement investors sentiment is bearish, especially after the poor Q4 announcements. The guidance for the march quarter was poor as Meta revealed that revenue growth had slowed significantly due to the new Apple privacy rules, which limits Metas ability to target advertisements and measuring the effectiveness of ads. These new rules have Meta assuming a decrease in their revenue for the financial year by around $10 billion. One of Meta’s rival platforms to Instagram and Facebook is Tiktok, Toktok is one of Meta’s biggest competitors which will also lead to decreasing revenues. The price of Metas stock has been on the decline the past week, and since the market opened this morning the FB stock has lost around 3.2% of its value. FB Stock Price Chart GlaxoSmithKline (GSK) delivers favorable earnings results. GlaxoSmithKline announced their Q1 earnings today, which beat market expectations, the earnings were boosted by COVID-19 antibody treatments, in addition GSK saw a recovery in its shingles vaccine sales. Despite these favorable earnings figures the price of GSK is still in the red since the market opened this morning. Sources: Finance.yahoo.com, barrons.com
Kishu Inu, A Meme Coin, Promotes Growth And Development Through Its Transparency

Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns

Rebecca Duthie Rebecca Duthie 27.04.2022 11:48
Summary: What is the Shiba Inu token? A look into non-fungible tokens. The role burning crypto coins has in the price of Shiba Inu token. A meme coin is a form of cryptocurrency that originated from an online meme or viral image, Shiba Inu is named after the japanese dog breed who has the same name SHIBA INU is a type of meme token. A meme coin is a form of cryptocurrency that originated from an online meme or viral image, Shiba Inu is named after the japanese dog breed who has the same name. The price movements of meme coins are frequently linked to sentiment around breaking news and influencer activity on social media. Shiba Inu is a decentralised cryptocurrency, it runs on the Ethereum blockchain platform, giving the token the same functionality and safety of the Ethereum platform. The Shiba Inu token is not a coin, a crypto token is one that is built on top of an already existing blockchain, and this is exactly what Shiba Inu has done, they do not have their own blockchain. Shiba Inu is actually split into multiple tokens, all of which help the cryptocurrency world function. These tokens are; SHIB, LEASH, BONE, ShibaSwap and Shiboshis. SHIB was the founding token of Shiba Inu, it can be traded and is used as a medium of exchange. LEASH is the most limited token of Shiba Inu-related tokens, with a limit of only 107646 tokens. LEASH coin gives staking rewards to those validating transactions in cryptocurrency. BONE is a token with 250 million units available, this token is used as a way the Shina Inu users a platform to vote. ShibaSwap is Shiba Inu’s own decentralised platform for trading tokens. Shiboshis is a non-fungible token (NFT) which basically means that when an investor buys an NFT they get to say they have ownership rights of an original copy of a digital file. NFTs are important and valuable as they represent the authenticity of a non-fungible asset. Investors tend to enjoy following the Shiba Inu token due to its clever methods used to give high crypto returns. Investors tend to enjoy following the Shiba Inu token due to its clever methods used to give high crypto returns. Shiba Inu plans to give investors a high return in 2022 by burning tokens. Burning tokens refers to users being able to remove tokens from the market circulation thereby, reducing the number of tokens in circulation. Shiba Inu token saw a 46,000,000% increase in the last year thanks to a high investment, the burn rate of Shiba Inu played a role in this investment. The burn rate was at 41% at one point, this rate and the mass-adoption of the token are reasons for this incredible price increase. Since then, the burning of tokens has been labelled one of the best methods to boost the price of Shiba Inu token. This month Shiba Inu even partnered up with Rysoshi’s decentralised finance project; they did this to offer passive rewards to investors who choose to burn their tokens. This works as follows, the investors in Shiba Inu who burn their tokens will receive a ‘burntSHIB’ token, these tokens pay out RYOSHI token rewards at a variable rate. Investors can use the ShibaBurn website to burn their tokens. Current market sentiment for the Shiba Inu cryptocurrency is negative. Current market sentiment for the Shiba Inu cryptocurrency is negative. Data shows that Shiba Inu has not had a good year so far when it comes to performance, the token is underperforming leading tokens such as Dogecoin (DOGE). Stats also show that 55% of Shib token holders are not making money on their investment. Despite Shiba Inu’s recent Robinhood listing, the token is still not expected to start showing bullish signals. The choice of whether or not holding this token is investor specific, perhaps there are better options where returns are more certain. Other Advantages of the Shiba Inu Coin. Shiba Inu supports smart contracts, this allows their users to stake and lend smart contracts, creating the opportunity to earn passive income through recurring fees. Shiba Inu has Elon Musk's support, improving investor confidence through the confidence of the world's richest man. It is a utility driven ecosystem, not only built off of hype. Some of the utilities supported by Shib Inu are the NFTs and a Defi Platform in ShibaSwap. Sources: decrypt.com, finance.yahoo.com, bankrate.com, analyticsinsight.net, crowdwisdom.live
Romanian GDP Slows Beyond Expectations: Revised Forecast and Economic Outlook

EUR/USD Drops Below 1.07?!, GBP Weakens Against the EUR For The Third Consecutive Month, SNB Showing No Sign Of Tightening Monetary Policy

Rebecca Duthie Rebecca Duthie 27.04.2022 10:17
Summary: The US Dollar continues to strengthen. The SNB shows no intention of tightening their monetary policy to fight inflation. GBP weakens amidst a slowing economy. EURO continues to weaken against the USD. Since the market opened today, the Euro has weakened by a further 0.15%, this continuing weakening comes as a result of strong U.S interest rates with little indication of the European Central Bank (ECB) attempting to play catch up. This interest rate differential between the United States and the Euro continues to favor the US Dollar. The likelihood of us seeing the EURO strengthen against the US Dollar will probably depend on the future decisions of the Federal Reserve. The market sentiment on this currency pair remains bearish. EUR/USD Price Chart   Read next: US Dollar (USD) Continues To Trump Euro (EUR) And British Pound (GBP). EUR Fails To Get Boost Post Macron Election Victory - Good Morning Forex!    GBP Weakens against most major currencies. As of the market open this morning market sentiment for this currency pair is showing bullish signals. The GBP continues to weaken against the Euro for the third consecutive month. The weakening of the GBP comes in the middle of a sharp fall in the global stock markets, this is heavily impacting foreign exchange markets. In addition, the slowing of the UK economy is not helping the currency to recover. It is concerning that the GBP is weakening against most major currencies. EUR/GBP Price Chart CHF weakens against the Euro. Market sentiment for this currency pair is showing bullish signals as the Euro strengthens against the Swiss Franc. The inflation rate in Switzerland reached a 13 year high but the Swiss National Bank (SNB) is showing no indication of swaying from their loose monetary policy to fight against this inflation. EUR/CHF Price Chart USD/CHF The market sentiment for this currency pair is showing bearish signals since the market opened this morning. The USD has been strengthening against the CHF, this comes as a result of the hawkish Fed amidst their fight against inflation at the same time the SNB is showing no intention of increasing interest rates due to the belief that this high inflation period is temporary. In addition, the SNB said it would limit the Swiss Franc’s currency appreciation after reaching a 7 year high against the Euro after the Russia-Ukraine war. USD/CHF Price Chart   Read next: Bitcoin Price Back on The Rise, Consumer Spending In The UK Falls In Light Of Inflation And The US Dollar Continues to Strengthen    Sources: Finance.yahoo.com, dailyfx.com, tradingeconomics.com  
Platinum and Random Length Lumber Futures Prices Falling Whilst Corn Futures Are Showing Bullish Signals.

Platinum and Random Length Lumber Futures Prices Falling Whilst Corn Futures Are Showing Bullish Signals.

Rebecca Duthie Rebecca Duthie 27.04.2022 08:47
Summary: Changes in investor sentiment is driving the price of Platinum down. Random Length Lumber Futures prices fall as supply increases amidst supply chain backlogs clearing. Corn prices increase as supply tightens and planting slows. Platinum Futures showing bearish signals. Over the past week Platinum futures have seen a steady decline in price. This decline in price comes with the concerns over China’s COVID lockdowns, and its possibility of causing a decrease in the demand for Platinum. Since the market opened this morning, the price of Platinum futures has increased by 0.14%. Earlier this year the price of metals spiked due to the Russia-Ukraine conflict but as time has gone on, the bullish signals that have come from the war have slowed, causing the price of some commodities to fall as a result of this change in market and investor sentiment. Platinum Jul 22 Futures Price Chart Read next: Palladium Price To Struggle In Recovery, Silver Prices (XAGUSD) Facing Downward Pressure  Corn futures are recovering after dipping earlier this week. The price of corn futures have not seen any clear trend over the past week, the price increase on monday comes as a result of prospects of higher demand against lower production as well as the current supply chain issues. In addition, the dryness in Brazil, decreasing planting space in the U.S., the delay in China's planting due to lockdowns and two of the world's major corn exporters (Russia and the Ukraine) are in a war - these are all aspects that drive the price of corn up. However, since the market opened this morning we have seen the price of Corn Futures fall by almost 0.45%. Corn Futures Jul 22 Price Chart Random Length Lumber Futures The price of Random Length Lumber Futures has been showing a steady decline over the past days, this comes as demand decreases and supply increases. Supply chain issues regarding lumber have eased causing a temporary flood to the market, as well as favorable spring weather. In addition, the rising inflation caused a pause on the rising U.S housing market, again driving down the price of Lumber. Random Length Lumber Futures Price Chart Read next: U.S bond Yields vs Gold Futures, Volatility In The Price Of Coffee, Brent Crude Price Falls  Sources: Finance.yahoo.com, tradingeconomics.com, reuters.com
(MSFT) Microsoft and (GOOGL) Alphabet's (Google) Earnings Announcements Due Later Today

(MSFT) Microsoft and (GOOGL) Alphabet's (Google) Earnings Announcements Due Later Today

Rebecca Duthie Rebecca Duthie 26.04.2022 12:22
Summary: Tech stocks Google and Microsoft expected to make their earnings announcements today. China and the lockdowns effect on the overall economy. Will Microsoft be able to weather the current economic storm? The markets took a hit with the prospects of further lockdowns in China and the possible ripple effects that can come from a slowing of China’s economy. The price of Microsoft stocks are up today in anticipation of the company’s earnings announcement due after the market closes today. The markets took a hit with the prospects of further lockdowns in China and the possible ripple effects that can come from a slowing of China’s economy. Read next: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin | FXMAG.COM With the current market already taking hits from the current economic conditions regarding inflation and general uncertainty, the added prospect of a weakening Chinese economy is causing the stock market to be volatile as investor sentiment changes. Microsoft Equity Share Price Read next: (KO) Coca-Cola Earnings Posted Exceeding Expectations, Elon Musk’s Target on Twitter (TWTR) Coming To Life!?  Investors going long on Google in anticipation for this evening's earnings announcements. Investors are waiting with anticipation in light of the earnings announcement due from the CEO of Google later this afternoon. There is a bullish market sentiment on this stock as investors hope that Google will meet market expectations, this market sentiment is driving the price of Google stocks up by more than 3%. Over the past week the price has both risen and fallen for this stock due to the volatility of the current financial markets and again the current situation in China. Investors are interested in how well companies are weathering the current economic storm. Google Equity Share Price Sources: Finance.yahoo.com, barrons.com.
US and European Equity Futures Mixed Amid Economic Concerns and Yield Surge

Palladium Price To Struggle In Recovery, Silver Prices (XAGUSD) Facing Downward Pressure

Rebecca Duthie Rebecca Duthie 26.04.2022 11:30
Summary: Palladium and Silver prices are being affected by the hawkish Fed and the China lockdown. Could Wheat Futures prices be in recovery mode? Palladium price to struggle in recovery. The price of Palladium fell almost 13% by the end of the trading day on Monday. Since the market opened this morning, palladiums price has increased by almost 4%, rebounding as a result of concerns around reduced demand due to the lockdown in China. The recovery of Palladium looks fragile for the future and the escalating COVID-19 situation in China will put pressure on the recovery of this commodity. Palladium Jun 22 Futures Read next: U.S bond Yields vs Gold Futures, Volatility In The Price Of Coffee, Brent Crude Price Falls  Silver prices are seeing consistent declines. Since the market opened this morning the price of Silver futures have slightly increased, however over the past week, the prices have been falling quite drastically. This drop in price comes hand-in-hand with the hawkish Fed and uncertainties around China and their COVID lockdowns. The recovery of Silver is uncertain amidst the current market uncertainty. Silver May 22 Futures Wheat Futures prices. Chicago Wheat Futures prices are up by almost 2% since market opening today. Despite the adverse weather conditions and the Russia-Ukraine conflict causing concerns around supply, the price of Wheat Futures has still seen a fall over the past week. Perhaps given the concerns in China we will see the price of Wheat Futures recover in the coming weeks. Chicago SRW Wheat Futures Jul 22 Read next: Carbon Net-Zero Goals Affecting the Prices of Platinum, Copper and Lithium   Sources: Finance.yahoo.com
Global Markets Shaken as Yields Soar: Dollar Surges, Stocks Slump, and Gold Holds Ground Amid Debt Concerns and Rate Hike Expectations

Bitcoin Price Back on The Rise, Consumer Spending In The UK Falls In Light Of Inflation And The US Dollar Continues to Strengthen

Rebecca Duthie Rebecca Duthie 26.04.2022 10:48
Summary: Bitcoin prices are increasing today after breaking support levels overnight. With consumer spending decreasing in the UK, the GBP is struggling to fight against the US dollar strengthening. With Australian inflation continuing to rise, the currency is weakening against and already strong USD. BTC/USD prices are increasing despite bearish market sentiment. We know that Bitcoin was the world's first digital currency and that its price is very volatile, making it historically popular for speculating traders. On Friday the price of Bitcoin dropped below $40 000, this reflected the midpoint of a 3 month long trade range. The price of bitcoin has increased by 5.55% since this morning. While market sentiment remains uncertain, current rises in the price of Bitcoin will likely be limited. As of this morning news broke that U.S Fidelity will allow employees to put Bitcoin into their 401(k) retirement savings accounts starting later this year, giving more people access to cryptocurrencies. Bitcoin Price Chart Read next: US Dollar (USD) Continues To Trump Euro (EUR) And British Pound (GBP). EUR Fails To Get Boost Post Macron Election Victory - Good Morning Forex!  GBP Weakening against the USD. Market sentiment for this currency pair is bearish at the moment, the USD has been strengthening against the GBP over the past week. This strengthening comes with investor confidence being restored in the US dollar as a result of the Fed increasing yields for the 7th week in a row. The GBP inflation is causing a problem for this currency, as consumer spending decreases, the economy can expect a knock. GBP/USD Price Chart AUD Weakens against the USD. Since the market opened this morning, investor sentiment for the AUD/USD pair is bearish. Yesterday the price of the AUD/USD pair hit its lowest since March. This comes with the USD strengthening, once again thanks to rising U.S yields as well as the negative news out of China causing investors to short riskier assets. In addition, the AUD is struggling post inflation expectation announcements, the inflation is expected to increase for 2 consecutive quarters. Inlight of this, the USD is benefiting hugely from the AUD weakening. AUD/USD Price Chart Read next: U.S Yields Expecting Further Increases!?, Announcement Of PMIs Prelims For The Private Sector - FOREX Today  Sources: dailyfx.com, finance.yahoo.com
Crypto: Ethereum - Altcoin Correction Completed?

What Is Chia Coin? - (XCH) - First New Nakamoto Coin Since Bitcoin Launch (2009)

Rebecca Duthie Rebecca Duthie 26.04.2022 09:12
Summary: Chia altcoin is not a new coin, but it is the first new Nakamoto coin since Bitcoin launched in 2009. The Nakamoto consensus. Chias new blockchain programming language, Chialisp. Chias price correlation with other cryptocurrencies. Chia believes that by using the unused space already in circulation, they believe they will be more energy efficient. Chia cryptocurrency is a type of crypto that aims to use the space already in circulation (proof of space and time), their mission statement aims to build a more sustainable, more secure and more powerful blockchain. Chia believes that by using the unused space already in circulation, they will be more energy efficient. The coin is based on an innovative consensus algorithm which leveraged the over-allocated hard drive space to create the first new Nakamoto consensus since Bitcoin in 2009. Read next: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin  We have the Nakamoto consensus to thank for the cryptocurrencies we have today. We have the Nakamoto consensus to thank for the cryptocurrencies we have today, it is a set of rules that verifies the legitimacy of a blockchain network. The crypto uses the ‘proof of space and time’ which allows coin farmers to prove that they allocate unused harddrive space to the network. The proof of time and space improves the attack resistance of the network by 51%. Chia is as secure as other proof of work cryptos whilst being less energy intensive. Chia delivers a high quality coin, with the safety and security inline with Bitcoin along with the functional benefit of a purpose built and more secure on chain smart coin environment. Read next: (KO) Coca-Cola Earnings Posted Exceeding Expectations, Elon Musk’s Target on Twitter (TWTR) Coming To Life!? | FXMAG.COM Chia has created a new innovative blockchain programming language called Chialisp, it is secure, powerful and easy to audit. Chia claims the Chialisp is a superior on-chain smart transaction development environment that will unlock the transparency, security and ease of use that cryptocurrencies promise. There are also downsides to this coin, one being that there is the possibility that the harddrives get stressed and break. In addition the Chia coin sucks energy, they use energy for storage, networking for the coin and other aspects, in a 2017 report Chia reported that they produce 15.04 metric tons of CO2 per year. Although this coin is more energy efficient than Bitcoin and other crypto coins, it has a long way to go before becoming more environmentally friendly and more sustainable. In January Chia announced its plans to launch a native peer-to-peer exchange service for its wallet holders. They will launch a new coin which will be a us-dollar denominated stablecoin and will act as a support to the new exchange. The market sentiment for this coin is reflecting as bearish as of today. The price of Chia coin is negatively correlated with the top 10 crypto coins by market cap - excluding Tether (USDT) and negatively correlated with the top 100 crypto coins by market cap - excluding all stablecoins. According to coindesk.com, the price of Chia Crypto is only expected to increase in the coming weeks. Chia Network Price Chart Summary of the advantages of Chia coin: The coin uses 0.12% of the energy that Bitcoin uses and 0.23% of the energy that Ethereum uses. Better security due to its more decentralized blockchain. More eco-friendly than other crypto coins. Read next: Elon Musk-Twitter (TWTR): What Will It Be Musk?  Sources: coindesk.com, chia.net, coinmarketcap.com, datacenterdynamics.com, coindesk.com
UK Labor Market Shows Signs of Loosening as Unemployment Rises: ONS Report

(KO) Coca-Cola Earnings Posted Exceeding Expectations, Elon Musk’s Target on Twitter (TWTR) Coming To Life!?

Rebecca Duthie Rebecca Duthie 25.04.2022 17:02
Summary: Coca-Cola’s earnings beat analyst expectations. The deal between Twitter and Elon Musk is coming to life. The earnings report posted earlier today by Coca-Cola exceeded investor and market expectations. These favorable earnings came despite their Russian business suspension, they managed to meet their full-year outlook for organic revenue and comparable EPS growth. The growth seemed to come mainly from increased demand for powerade and Costa coffee. The price increase also came despite the increase in inflation and in costs such as aluminum, high fructose corn syrup and plastic. The future of Coca-Cola’s stock price is uncertain, it may have managed to weather the inflation and market volatility storms for now, but we may not see the same growth in the next quarter. Coca-Cola's Price Chart Read next: Netflix Crashing!? Netflix Stock Price (NFLX) Falls More Than 35%? Subscribers Fled!  Elon Musk and Twitter: It Is evident that the deal originally thought to be improbable, has come to life. The price of twitter has increased by more than 3% since the market opened this morning. On Sunday the Twitter board met with Elon Musk to discuss in detail his offer to buy Twitter, there are rumors circling saying that the market could see an agreement go through as soon as Monday (today) between the richest man in the world and the very influential social networking service. As a result of this new information (which has not been fully confirmed), the stock price of Twitter opened at 4% higher than its closing on Friday. Twitter Price Chart Read next: (TSLA) Tesla And Elon Musk Continue to Outperform the Market! What About Elon Musk-Twitter Negotiations' (TWTR) Influence?   Sources: investing.com, cnbc.com, Finance.yahoo.com,
Eurozone PMI Shows Limited Improvement Amid Lingering Contraction Concerns in September

U.S bond Yields vs Gold Futures, Volatility In The Price Of Coffee, Brent Crude Price Falls

Rebecca Duthie Rebecca Duthie 25.04.2022 16:22
Summary: Coffee futures prices are being affected by the ongoing Russia-Ukraine war. Brent Crude Oil Prices falling despite ongoing uncertainties with the Russia-Ukraine conflict. Gold futures prices falling as the US bond yields change once again. Coffee futures prices showing volatility. The futures price for coffee has fallen 2.11% since the market opened this morning. The uncertainty of the Russia-Ukraine war with no sign of slowing, has had an adverse effect on the price of coffee futures over the last while, this is represented in the graph below. There are concerns about growth and therefore supply with the Russia-Ukraine conflicts and in addition the poor rainfall in Brazil this year continues to raise concerns about supply, however the demand is also decreasing as a result of the conflicts. This relationship could be causing the volatility in this commodity. Coffee Jul ‘22 Futures Prices Is the Price of Brent Crude Oil Finally Falling? Since the market opened this morning, the price of Brent Crude Oil has fallen by almost 5%. The weakening of the price comes despite the Russia-Ukraine war uncertainties and the post-covid world economy reopening. Occasionally the price of Brent Crude is adversely affected as the US Dollar strengthens, seeing as the Fed increased the U.S yields again for the seventh consecutive week, the US dollar saw more strengthening on the market today, this could be a possible reason for the price fall in Brent Crude. Brent Crude Oil Price Chart   Read next: (XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply    Gold prices affected by US Yields once again. This time last week gold futures had hit their high for April, however since the market opened this morning, the price has fallen by 1.96%, and is 5% down from its 18 April high. Normally gold is used as a hedge against inflation, however since the US yields increased again, the opportunity cost of holding gold and not bonds increases, driving the price of gold down further. This commodity is one to watch especially if the Fed continues to be hawkish. Gold Futures Price Chart Sources: Finance.yahoo.com, dailyfx.com, ndtv.com   Read Next: Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain   
Indonesia's Inflation Slips, Central Bank Maintains Rates Amidst Stability

US Dollar (USD) Continues To Trump Euro (EUR) And British Pound (GBP). EUR Fails To Get Boost Post Macron Election Victory - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 25.04.2022 11:28
Summary: Macron's victory was supposedly expected to stabilize EUR. Fed further increase in yields strengthening USD. USD continues to strengthen against the EURO inlight of further US yield increases. Market sentiment for this currency pair is bearish as of market open today, the price is down almost 0,6%. On friday the Fed announced a further increase in the bond yields, this marks the seventh consecutive week that the Fed has increased the US yields. The European Central bank is still behind the Fed on their yield increases, the expectation for this change is increasing but the increased expectations are not helping the EUR to strengthen against the USD. EUR/USD Price Chart Read Next: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased The EURO showed overall strengthening against the GBP over the past week. Since the market opened this morning the market sentiment for this currency pair is bullish. The EUR has strengthened against the GBP continuously over the last week. Today the increase has shown almost 0,3%. The EUR is strengthening as a result of the uncertainty with the Bank of England's future yields and the inflation causing personal spending to decrease, hampering the economy. In addition, the EUR strengthened against the GBP inlight of Macron taking the win in the French elections. EUR/GBP Price Chart   Read next: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin | FXMAG.COM   EUR/JPY showing bullish signals. Since the market opened this morning the market sentiment is bullish for this currency pair. Despite the bullish sentiment, the price has still fallen by almost 0,8% since this morning. This currency pair is sensitive to trends in broad based market sentiment trends, therefore, inlight of Macron’s victory causing changes in market sentiment it is not surprising this price is seeing volatility. EUR/JPY Price Chart CHF Strengthening. Market sentiment for the currency pair is bullish at the moment. However, despite the bullish signals the price has still fallen almost 4% since the market opened this morning. The Swiss Franc has strengthened today causing this fall. EUR/CHF Price Chart Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com Read next: Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex  
A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin

A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin

Rebecca Duthie Rebecca Duthie 25.04.2022 09:18
Summary: What is meant by decentralization and smart contracts. What is the Kishu Inu coin and why is it becoming so popular? The future of Kishu Inu looks bright. Other advantages of the coin. When users make a Kishu transaction, they receive a 2% reward in a decentralized wallet, thus, the more KISHU is used, the more rewards are granted to its users. The Kishu Inu Coin, represented by the token symbol: $Kishu, is a decentralized meme-coin that is community-focused, active users of the coin receive instant rewards. When users make a Kishu transaction, they receive a 2% reward in a decentralized wallet, thus, the more KISHU is used, the more rewards are granted to its users. The main difference between Kishu Inu and its comparable coins is that it is community-owned, the developers do not reserve coins for the team, but instead rely on donations. In addition, the community makes all the decisions. Read next: Global Crypto Market Value Fell By Over 2% Today. (Polygon) MATIC/USD, CRO (Crypto.com) and TRON/USD (US Dollar) | FXMAG.COM A decentralized network is beneficial to all parties involved in the transaction, as it nullifies the need for trust and authority to take part in transactions With decentralization the transfer of control and decision making is taken from a centralized entity (organization, individual or group) and given to a distributed network. A decentralized network is beneficial to all parties involved in the transaction, as it nullifies the need for trust and authority to take part in transactions. The smart contracts in KISHU Inu means the community and users are almost completely protected from any bad actors The $KISHU coin’s smart contract has been audited and its LP (liquidity pool) tokens have been burnt. Smart contracts are digital contracts which are stored on a blockchain, when predetermined terms and conditions are met, the programs are executed. They are beneficial as they leave little to chance. In addition, they automate the execution of agreements so all parties can be sure of the outcome, they also eliminate the need for an intermediary. The smart contracts in KISHU Inu means the community and users are almost completely protected from any bad actors. Originally the creation of the Kishu Inu coin was inspired by Dogecoin (DOGE), it is a meme cryptocurrency, meaning the coin is associated with a joke. However, Kishu Inu hopes to break that stigma and turn their coin into a serious cryptocurrency by taking meme coins to another level. Read next: Altcoins: (BNB) Binance Coin Jumps On The EU Sanction Bandwagon The chart below shows the price of the $KISHU token over the past 2 months or so, it shows a bearish trend overall. In the past 24 hours the value of the coin has fallen by around 8,7%, the coinmarketcap ranking is #2943. The Future: KISHU, as of now the coin is almost similar to the Dogecoin and Shiba Inu tokens. The coin also has an impressive market cap of around 2 Billion, and over 100k coin holders right now. There are some strong indicators that can indicate a jump in price over the next few years, such as the introduction of a new dog stream coin. According to some sources the price of the coin is expected to jump hugely by the end of the year, and possibly continue to increase until 2026. It is probably a good coin to watch going forward. There are many other advantages to investing in this coin, the set up of the coin is very interesting. Some of these other advantages not mentioned above include: The coin can be transferred through an inter-wallet wallet transfer across international borders, this inter-wallet charges much lower transaction fees than traditional banking would. Profit without trading is ensured by the advantage of adding coin earnings to their online wallet through staking of KISHU. KISHU holders are able to provide loans to other users on the network, the lenders will receive interest after the debt is paid. The transaction time can be completed within minutes. Read next: Global Crypto Market Value Fell By Over 2% Today. (Polygon) MATIC/USD, CRO (Crypto.com) and TRON/USD (US Dollar) Sources: Kishu.com, amazon.com, coinmarketcap.com, uptobrain.com Chart: Tradingview.com
India's RBI Keeps Repo Rate Unchanged Amid Tomato-Driven Inflation Surge

Global Crypto Market Value Fell By Over 2% Today. (Polygon) MATIC/USD, CRO (Crypto.com) and TRON/USD (US Dollar)

Rebecca Duthie Rebecca Duthie 22.04.2022 21:51
Summary: Market sentiment and current market conditions remain main drivers in the prices of crypto currencies. TRON (TRX) planning a decentralized stablecoin. Polygon USD Along with most other cryptocurrencies in the market, the price of MATIC has fallen over the course of today. Market sentiment, current market and economic conditions along with the ECBs intention to regulate the crypto market are all factors currently affecting the price of cryptocurrencies. Polygon USD Price Chart Related article: U.S Yields Expecting Further Increases!?, Announcement Of PMIs Prelims For The Private Sector - FOREX Today| FXMAG.COM Cryptocoin.com (CRO USD) Crypto coin price is following the same trends as the rest of the crypto market by reflecting losses in its price overall today. The crypto market has weak investor confidence in general due to the lack of regulations attached to these coins, we hope to see more stability and more long term investors going forward inlight of the ECBs intention to regulate this market. Cryptocoin.com Price Chart Tron Coin plans a decentralized stable coin. Tron is a blaock-chain based decentralized trading platform with its own cryptocurrency. Whilst most other cryptos fell in price today, Tron's price saw a rise in the first half of the trading day,the price rise came amidst the coin's plans for a decentralized stablecoin. However, overall the price has fallen by almost 6,5%. Read next: Gold Price Forecast: XAUUSD recovers from intra-day dip under $1930, but still pressured as yields/USD rise| FXMAG.COM  Tron USD Price Chart Sources: Finance.yahoo.com, coinmarketcap.com
Elon Musk-Twitter (TWTR): What Will It Be Musk?

Elon Musk-Twitter (TWTR): What Will It Be Musk?

Rebecca Duthie Rebecca Duthie 22.04.2022 19:30
Summary: More prospective buyers wanting to take part in the potential buying of Twitter. Does Musk have what it takes to run Twitter? Investor confidence in Musk’s future plan with Twitter.   The lack of investor confidence in Musk's ability to run and finance Twitter... On the 14th April 2022 Elon Musk offered to buy Twitter for around $43bn, on this day the price of the stock fell around 2% in value. Normally when there is news that there is an offer to buy a company at a price higher than the market value the investors would buy the shares to crank up the price, this was not the case with Musk and Twitter. The lack of investor confidence in Musk's ability to run and finance Twitter was confirmed when Twitter proposed a “poison pill” in an attempt to deter Musk from his acquisition plans.   Read next: U.S Yields Expecting Further Increases!?, Announcement Of PMIs Prelims For The Private Sector - FOREX Today| FXMAG.COM   Since Musk offered to buy Twitter, more companies have risen to the challenge and want a spot at the purchase table. Twitter's share price has been volatile recently. Now that there are more prospective buyers in the game, the truth of whether or not Musk really wants Twitter is hanging on his next move. Twitter Price Chart Sources: Time.com, finance.yahoo.com, latimes.com
U.S Yields Expecting Further Increases!?, Announcement Of PMIs Prelims For The Private Sector - FOREX Today

U.S Yields Expecting Further Increases!?, Announcement Of PMIs Prelims For The Private Sector - FOREX Today

Rebecca Duthie Rebecca Duthie 22.04.2022 19:00
Summary: Market sentiment for the EUR/USD currency pair showing bearish signals. Bullish outlook for the EUR/GBP as the EUR strengthens against the GBP. UK retail sales saw a large decrease, causing investor confidence for the currency to fall. USD gains ground on the EUR in light of further expected increases in yields in May The Dollar has strengthened against the EUR since the market opened this morning, in general the dollar is strengthening against all currencies at the moment. After the prelims on private sector PMIs this morning, the EUR originally gained some ground against the USD but has since fallen again, possibly as a result of the new expected increases in U.S yields in May, causing more investor confidence in the USD. EUR/USD Price Chart EUR gains on the GBP as expectations arise for ECB to increase yields. Since the market opened this morning, market sentiment for this currency pair is bullish. The Euro has gained ground on the GBP inlight of the Private sectors PMIs announcements this morning as well as the expectations that the European Central Bank could increase yields in July. EUR/GBP Price Chart GBP Weakens against the USD Since the market opened this morning, market sentiment for this currency pair is bearish. The GBP has weakened against the USD inlight of the announcement of the Feds intentions to increase the U.S yields by a further 50bps, at the same time, UK retail sales saw a large decrease. This fall counteracted the strengthening seen after the increased expectations of the BoE’s interest rates. GBP/USD Price Chart   Related article: https://www.fxmag.com/forex/ecb-announcements-to-possibly-tighten-monetary-policy-strengthens-the-euro-eur-usd-eur-gbp-aud-nzd-and-eur-chf-all-increased The Japanese Yen strengthened against the AUD today. Market sentiment for this currency pair is showing as mixed. In general the JPY has been weakening in the past days. This weakening had pushed the value of this currency pair higher, however, since the market opened this morning, the AUD has weakened against the JPY. AUD/JPY Price Chart Sources: finance.yahoo.com, dailyfx.com
Bank of Canada Keeps Rates Unchanged with a Hawkish Outlook, but We Believe Rates Have Peaked

Carbon Net-Zero Goals Affecting the Prices of Platinum, Copper and Lithium

Rebecca Duthie Rebecca Duthie 22.04.2022 10:47
Summary: Despite the supply shortage of Platinum due to the Russia-Ukraine conflict, the futures prices are still falling. Despite Copper demand increasing the price has fallen. Lithium is a key commodity to going net-zero. Rebecca Duthie: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased | FXMAG.COM Platinum futures prices falling despite tightening of supply. The price of platinum futures have consistently been falling over the past week. There is a strong undersupply of platinum in the world with Russia being the second largest world supplier of platinum, in spite of this, the price of platinum has still been falling the past week. In times of economic uncertainty the price of platinum tends to decrease due to the decreasing demand along with investors starting to back out of carbon-intensive industries, both of which are causing the price of platinum to fall. Platinum Futures Price Chart Related Article: (XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply | FXMAG.COM Copper demand increases. The required need for copper and other mining metals set out by the Paris Agreement forecast is putting pressure on the supply of copper but driving demand upwards at the same time. Causing an impressive price hike. The need to clean the carbon-intensive sector that copper is a part of versus the increasing demand is causing the volatility in the price of copper futures that we see below. Copper Futures Price Chart Read next: Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain | FXMAG.COM Global Lithium will be a key ingredient for reaching global net-zero. The battery metals industry which includes Lithium, is being backed by major developed economies, especially due to the war between Russia and the Ukraine putting pressure on the supply of these metals. Lithium is also going to prove to be a necessary metal for the transition to clean-energy. This increase in demand caused the price to increase earlier this week, however the recent drop in prices came as a result of market sentiment and economic conditions over the past days. Global X Lithium ETF Price Chart Sources: Finance.yahoo.com
Binance Academy summarise year 2022 featuring The Merge, FTX and more

Altcoins: (BNB) Binance Coin Jumps On The EU Sanction Bandwagon

Rebecca Duthie Rebecca Duthie 21.04.2022 20:01
Summary: Binance places sanctions on certain Russian account holders. Terra’s LUNA coin topples Binance. Despite today's drop, BRISE is still on an overall increase. (BNB) Binance Price drops today. Read next: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased | FXMAG.COM   The overall price of Binance has decreased throughout trading today. On Thursday Binance announced the removal of its services for Russian coin holders of certain accounts that hold any value of more than 10000 Euro, the move came in an effort to comply with EU sanctions on Russia. The affected accounts will only be allowed to withdraw their investments. Binance Coin Price Chart Terra’s LUNA coin price continues to rise. Terra’s LUNA coin has increased in price today, continuing on the upward trend the coin has been following for the past couple of days. This price surge came on monday as a result of the algorithmic coin taking over from Binance (USD) as the third largest stablecoin (based on circulation). Terra USD Price Chart Related article: Altcoins: IOTA, Litecoin (LTC) and Cardano (ADA) Threatened? Crypto Markets Lie in The Hands of Regulations and Government Policies? | FXMAG.COM Bitgert (BRISE) price on the rise the past week As of today, the price of Bitgert (BRISE) has decreased, however looking at the price of the coin over the past week it has been on the rise. The coin's value in the future will be dependent on market sentiment and current market conditions. Bitgert (BRISE) Price Chart Sources: finance.yahoo.com, coindesk.com
(TSLA) Tesla And Elon Musk Continue to Outperform the Market! What About Elon Musk-Twitter Negotiations' (TWTR) Influence?

(TSLA) Tesla And Elon Musk Continue to Outperform the Market! What About Elon Musk-Twitter Negotiations' (TWTR) Influence?

Rebecca Duthie Rebecca Duthie 21.04.2022 15:08
Since the market opened this morning, the price of Tesla’s stock has increased largely, this surge came after the earnings announcement for Tesla that took place late one Wednesday, which showed large increases in earnings and profits, reflecting unexpected growth for Q1. Tesla share price has surged in the past 24 hours as a result of musks earning announcement that took place late on Wednesday (CET) Read next: (XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply | FXMAG.COM The stock price was also affected by Musk’s determination to take over Twitter (TWTR) The price of Tesla's stock has shown very volatile price movements over the past week as a result of market sentiment and current market conditions. In addition, the stock price was also affected by Musk’s determination to take over twitter, an announcement that took place just over a week ago, since then the price has been rising again in general. Read next: Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain | FXMAG.COM Research has shown that the value of Tesla's stock has a correlation between stock movements in the near term and earnings estimates. Currently the market sentiment for the stock is mixed as investors in general are unsure where the markets will go at this point and investors are seemingly more risk-averse amid the rising inflation and possibility of a looming recession. Tesla Stock Price Chart Sources: Finance.yahoo.com, investors.com  Read next: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased | FXMAG.COM  
Group Of Market-Movers Collect Next Members!

(XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply

Rebecca Duthie Rebecca Duthie 21.04.2022 11:36
Summary: The Dollar indexes negative correlation with the Price of Silver. Lumber futures prices are unlikely to fall. Silver Price vs the Dollar Index - Investing in Silver falls as interest rates rise, with the Federal Reserve's hawkish outlook In the past few days the price of silver has seen a steady decline, this decline comes despite concerns of rising inflation. Investing in Silver falls as interest rates rise, with the Federal Reserve's hawkish outlook and therefore, U.S bond yields expecting to see future increases, the price of Silver is likely going to see further decreases. In the coming days and weeks, we should watch the dollar index, which has a strong negative correlation with the price of Silver. Price of Silver Chart Related article: Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain | FXMAG.COM Lumber Futures Looking Positive Since the market opened this morning, the price of Lumber futures have increased by more than 6% and over the past week the price has shown an overall upward price trend. For now, the rise in prices is a direct reaction to the increase in home building plans increasing in the U.S as summer looms. For the price of Lumber futures to fall significantly, the demand for the product will need to decrease or the supply will need to increase. Random Length Lumber Futures Price Chart  Read next: Altcoins: IOTA, Litecoin (LTC) and Cardano (ADA) Threatened? Crypto Markets Lie in The Hands of Regulations and Government Policies? | FXMAG.COM Corn is facing problems due to the weather conditions in Brazil and the delay of corn crop planting in China Corn Futures have increased in price to the highest since mid 2012 due to the tightening of supply and strengthening of demand. The supply of corn is facing problems due to the weather conditions in Brazil and the delay of corn crop planting in China amidst the Lockdown rules are setting up the world for losses in production. These issues along with the fears and uncertainty around the supply the world is already facing as a result of the Russia-Ukraine conflict, is driving the price of Corn upward. Mini-Corn Futures Price Chart Sources: Finance.yahoo.com, tradingeconomics.com
ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased

ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased

Rebecca Duthie Rebecca Duthie 21.04.2022 10:24
Summary: The ECB announcement to potentially tighten monetary policy is working in the EUR favor. With the Fed's hawkish tone and the ECB’s dovish tone, it is unlikely the EUR price will increase much more. AUD/NZD and EUR/CHF also see increases since market opening. EUR is unlikely to increase much more. Since the market opened this morning the price of the EUR/USD has gone from a decrease in value to a 0.5% price increase since the market closed yesterday. This price increase comes with the ECB announcements to possibly tighten monetary policy in the future causing improving trader confidence. However, the market sentiment for this currency pair is still reflecting a bearish tone. This currency pair is likely going to continuously reflect volatility in the future and possibly see the USD strengthening. With the Federal Reserve tightening monetary policy, their interest rates are significantly stronger than those of the European Union and there is almost no chance of the ECB tightening monetary policy. It is unlikely we will see the EUR strengthening much more. EUR/USD Price Chart Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events ECB announcements helping the EUR strengthen. Since the market opened this morning, the market sentiment is reflecting a mixed signal. With the second round of the French elections this Sunday acting as a key risk event for the price of the EURO, the event will be a key driver for the price of the EUR in the coming days. However, confidence in the EUR has been temporarily restored thanks to the ECB announcing its plans to tighten monetary policy in the future, causing the EUR to strengthen since the market opened. EUR/GBP Price Chart AUD/NZD Strengthens this morning. Due to trading in the same region, this currency pair is affected by actual local economic changes and less so by global factors and risk trends. Since the market opened this morning the AUD has strengthened against the NZD. AUD/NZD Price Chart  Related article: Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex| FXMAG.COM EUR/CHF The Strengthening of the Euro against the Swiss Franc comes hand-in-hand with the factors already mentioned, the ECB announcement being a driving factor for this, however, whether or not we can expect this increase to continue is in question. EUR/CHF Price Chart Sources: finance.yahoo.com, dailyfx.com, tradingview.com
Terraform Labs - Liquidity Pool, SINGLE - dApp Available - DeFi Update (28/03-03/04/22)

Altcoin: IOTA, Litecoin (LTC) and Cardano (ADA) Threatened? Crypto Markets Lie in The Hands of Regulations and Government Policies?

Rebecca Duthie Rebecca Duthie 20.04.2022 22:39
Summary: The general downward price trend of the crypto market over the past week. The future of cryptocurrency success may lie in the hands of government policies and regulations. Litecoin (LTC) future values are expected to rise based on current trader sentiment. Since this morning the trading volume of Litecoin (LTC) decreased slightly, however we saw the price of the coin fall throughout the day today, this shows us that the price of LTC is not consistently supported or dependent on the trading volume. In general the cryptocurrency market experienced a decline in prices over the past few days and LTC has reflected the same outlook. However, this decline may not continue for much longer due to the changes in crypto regulations and government policies. LTC-USD Price Chart Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events IOTA price follows the same downward trend as other cryptos on the market. The price of IOTA fell during the day today. The downward price trend of this coin has followed the same trend as the general crypto market over the past few days. We can probably expect to see this price rise as the government policies and regulations around cryptos are finalized. IOTA USD Price Chart  Related article: Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex| FXMAG.COM Cardano (ADA) price is still coming down off it's all-time high. Over the past weeks ADA has been facing a continuous downward trend reflecting a bearish attitude toward the coin, however in light of the general downward price trend of the crypto market, this outlook is unsurprising. ADA Price Chart Sources: Finance.yahoo.com, namecoinnews.com
GBP: Dovish Wage Developments Lead to Lower Sterling Prices

Netflix Crashing!? Netflix Stock Price (NFLX) Falls More Than 35%? Subscribers Fled!

Rebecca Duthie Rebecca Duthie 20.04.2022 21:27
Since the market opened this morning Netflix stock price has fallen by more than 35%, the price fall came shortly after the company announced it had lost more than 200 000 subscribers in the first quarter of 2022 and are forecasting losing a further 2 000 000 subscribers in the coming quarter. The drop in value comes hand-in-hand with investor sentiment and the post-covid world. In addition, subscribers are seeming to be rethinking their subscription commitments to the streaming service. Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events The current market sentiment, Elon Musk and other factors causing Netflix stock price to dive. The price of Netflix’s stock has also been affected by more competitors entering the market, the loss of 700 000 Russian subscribers as a result of the Russia-Ukraine conflict, consumer budget tightening as a result of the current market conditions and Elon Musk’s opinion on Netflix’s shares being affected by the ‘woke mind virus’. Related article: Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex| FXMAG.COM Given the forecast for the next quarter, the stock price of streaming service is unlikely to see any large increases anytime soon. Netflix Price Chart Sources: Finance.yahoo.com, Theguardian.com, nypost.com
Elon Musk Sells 8 Millions Tesla Stocks? Here Is Why!

Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain

Rebecca Duthie Rebecca Duthie 20.04.2022 11:23
Summary: The price of gold fell to the lowest price in almost 2 weeks. Volatility in U.S Wheat futures due to the Weather. Palladium Prices driven down by the rising dollar index. Gold Prices Hit Lows - elevated U.S treasury yield affecting the demand of the commodity The price of gold hit its lowest value in almost 2 weeks as a result of the elevated U.S treasury yield affecting the demand of the commodity. The increase in the yields also increases the opportunity cost for investors who hold gold because the commodity is not yielding. Investor expectations of the Fed's hawkish outlook could be the reason for the price fall, especially inlight of the expected Fed Speech this week. Price Chart of Gold Read next: Altcoins' Rally: Solana (SOL) Soars Even More, DOT and SHIBA INU Do The Same! | FXMAG.COM Chicago SRW Wheat Futures - terrible weather conditions in the US and Canada are causing supply fears The price of Wheat has been volatile over the past week, the terrible weather conditions in the US and Canada are causing supply fears, however market sentiment for this commodity has struggled to shake its bearish tone. Chicago SRW Wheat Futures Price Chart Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun Palladium Price - the war continues, the industrial activity is taking strain The price of Palladium saw an increase in price as an initial market reaction to the start of the Russia-Ukraine war, and as the war continues, the industrial activity is taking strain. However, on Tuesday, the price of palladium fell as a result of the rising dollar index. Palladium Futures Price Chart Sources: Finance.yahoo.com, economies.com
Market Update: UK Inflation Softens, US Stocks Rally, Bank Earnings, and AI Dominate Headlines

Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex

Rebecca Duthie Rebecca Duthie 20.04.2022 10:17
Summary: EUR/USD and Monetary Policy. Bank Of England's Speech on Thursday effect on the GBP related currency pairs. AUD/CHF as a reflection of investor risk sentiment. Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events Monetary Policy driving the EUR/USD price action. Since the market opened this morning, the EUR has strengthened against the USD and the market sentiment is bullish, the rise in price is small but significant given the current economic conditions. With the differing monetary policy of the European Central Bank (ECB) and the US Federal Reserve (Fed) the EUR/USD currency pair price is low. In the coming weeks it is likely to see the dollar strengthening thanks to the expectations of the Fed to tighten monetary policy. Whereas, there is no certainty on when the ECB will begin rising interest rates. EUR/USD Price Chart Value of the GBP Awaits BOEs Speech Since the market opened this morning the price of the currency pair has increased, however, market sentiment for the EUR/GBP has changed from bullish yesterday to a mixed today. The strengthening EUR against GBP comes in light of the Bank of Englands (BOE) announcements tomorrow regarding the future monetary policy of the country, investors are expecting more hawkish actions. EUR/GBP Price Chart  Read next: Altcoins' Rally: Solana (SOL) Soars Even More, DOT and SHIBA INU Do The Same! | FXMAG.COM AUD/CHF Since the market opened this morning, the value of the AUD/CHF has increased, and has a bullish market sentiment. This currency pair can be used as a good reflection of risk sentiment, this is because the AUD is risk-on and the Swiss Franc is considered as a safe-haven currency. AUD/CHF Price Chart GBP loses some ground on the JPY The price of the GBP/JPY currency pair has (in general) been on the rise as a result of the rapidly depreciating value of the Yen. However, since the market opened this morning the price has decreased despite the bullish market sentiment, possibly due to the uncertainty regarding the future of the GBP and the upcoming BOE’s announcements. GBP/JPY Price Chart Sources: Finance.yahoo.com, teletrade.eu, dailyfx.com
FieryTrading talks Solana (SOL) - November 28th

Altcoins' Rally: Solana (SOL) Soars Even More, DOT and SHIBA INU Do The Same!

Rebecca Duthie Rebecca Duthie 19.04.2022 22:20
Summary: Solana (SOL) prices went up even further today. DOT and Shiba Inu prices have fallen but are still seeing an overall increase. Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM (SOL) Solana Up by 0.5% from this morning Since this morning, Solana price has increased by a further 0.5%. The growth we are seeing in SOL may just be the price recovering from its fall in March regarding the Fed’s finance announcements along with the increased market trading volume. Although we may continue to see these increases in the coming days, it cannot be ruled out that SOL has a long way to go to regain its pre-2022 values. Solana (SOL) Price Chart Polkadot (DOT) price decreasing since this mornings 4.6% The price of POLKADOT (DOT) has fallen by more than 1% since this morning, however the price of this coin is still in the green. The price fall could be reflecting the current market sentiment and the investors’ bearish attitude towards the marker in general. Polkadot Price Chart Related article: Altcoins Skyrocketing! Solana (SOL) Up Ca. 5.6%, Polkadot (DOT) +4.9% and Shiba Inu Is Launching (SHIB/USD)   Shina Inu (SHIB) Seeing an overall increase. Since this morning, SHIBA INU token is still in the green, however the growth rate has decreased slightly. The SHIBA INU coin has recently been listed on the Robinhood trading platform, despite this fact, SHIBA is still not performing as investors had hoped, this may be due to the timing of the listing being around the similar time of the Feds announcements. The future of this coins value is uncertain at this point. SHIBA INU Price Chart Sources: Finance.yahoo.com
Altcoins Skyrocketing! Solana (SOL) Up Ca. 5.6%, Polkadot (DOT) +4.9% and Shiba Inu Is Launching (SHIB/USD)

Altcoins Skyrocketing! Solana (SOL) Up Ca. 5.6%, Polkadot (DOT) +4.9% and Shiba Inu Is Launching (SHIB/USD)

Rebecca Duthie Rebecca Duthie 19.04.2022 14:16
Summary: Solana is seeing price increases reflecting the current bull market. SOLANA Up almost 5.6% As of today the price of Solana Crypto token is up by 5.6%. The market is in bull at the moment, meaning that investors are confident. The current market position along with increasing investor confidence in cryptos thanks to the UK announcing its plans to regulate stable coins, could be possible reasons for the rise in the value of the coin as of today. Solana (SOL) Price Chart Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun POLKADOT Up by almost 4.9% Since the announcement last monday by the U.K’s treasury finance arm to regulate stable coins, like SOL, the price of DOT has increased. The market and investors would welcome such an announcement to regulate the digital currency world. We should see the price of DOT continue in this direction in the coming days. Polkadot Price Chart Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM SHIBA INU On the Rise As of this morning, the price of SHIBA INU increased by 3.8%. The SHIBA INU coin has recently been listed on the Robinhood trading platform, we saw last week that the value of this coin saw big increases in price as a result of Robinhoods announcement. If we compare how the values of other cryptos went after being listed on Robinhood, we can probably predict the direction of the SHIBA INU price. SHIBA INU Price Chart Sources: Finance.yahoo.com, cointelegraph.com
EM Index Inclusions and Exclusions: India Thrives, Egypt Faces Challenges

Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events

Rebecca Duthie Rebecca Duthie 19.04.2022 09:50
Summary: Analysis of; EUR/USD, EUR/GBP, USD/CAD, USD/JPY. Japanese Yen weakens as Bank of Japan fights against increasing Treasury Yields. USD Strengthening as the Fed remains hawkish. The EUR and GBP future prices awaiting the IMF and World Bank Events later this week. EUR/USD, Strengthening USD putting pressure on the EUR. EUR/USD market sentiment is currently reflected as bearish for this currency pair as the graph shows the declining price over the past week. In the past weeks, the Euro has been underperforming as a result of the Russia-Ukraine war causing fears of Eurozone stagflation. The ECB is stuck at the moment with increasing inflation and slow growth, the likelihood of the ECB’s capacity to match the aggressiveness of the Fed is low. Perhaps toward the end of the week we will see the EURO bounce against the USD inlight of the talks at the IMF/World bank events. EUR/USD Price Chart Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun   The Value EUR/GBP Awaits Changes in Light of Major Appointments This Week The Euro seems to be strengthening against the GBP after it depreciated late last week. Since the market opened this morning, the investor sentiment for this currency pair has become bullish. There is suspicion that the sharp fall in the value of the EUR/GBP last Thursday may have come out of China in an attempt to stop any more strengthening in the Renminbi. The future value of this currency pair is important to watch in the coming days, with major appointments on talks about finances coming up, especially both the ECB and BoE governors talks at the IMF/World Bank events later this week. EUR/GBP Price Chart USD/CAD Currency Pair holding Stable amidst Current Market conditions The USD/CAD currency pair price is remaining relatively stable given the current risk-averse market sentiment. The USD/CAD currency pair is considered to be volatile, both the CAD and USD reacts quickly to the release of economic data and current market conditions. Despite investors being risk averse, the market sentiment seems to be bullish for the USD inlight of the Fed's hawkish attitude, growing concerns on inflation increases and US rising benchmark yields all leading to a strengthening USD. USD strengthening against the Japanese Yen The USD strengthened against the Yen this past week as a result of the increasing US Treasury yields and the expectation of positive economic data. The price of this currency pair reached the highest since March 2002. The Bank of Japan has been working hard to keep the Treasury yield below 0.25%, the opposite approach the Fed has taken in the fight against inflation, causing the yen to weaken. The Japanese finance minister raises concerns on the damaging effect the weakening yen could have on the weakening economy For you: Forex Rates: British Pound (GBP) Strengthening? Weak (EUR) Euro? GBP, NZD And AUD Supported By Monetary Policy?   USD/JPY Price Chart Sources: Finance.yahoo.com, Teletrade.eu.
(UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun

(UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun

Rebecca Duthie Rebecca Duthie 19.04.2022 08:42
Summary: Brent Crude Oil prices are on the rise again hitting their highest prices since late March. Natural Gas Prices hitting almost 14 year high. Cotton prices increasing with crop planting is ahead of schedule. Brent Crude Oil spikes as Libya shuts its biggest oil field The market sentiment for Brent Crude Oil is bullish, reflecting the tight market supply. In an already under-supplied market, the price of Brent Crude Oil rose in reaction to Libya shutting their biggest oil field. The shutdown came in response to protests against the country's prime minister. In addition, increased tensions between Russia and The Ukraine raised concerns of the EU tightening sanctions. The price of Brent Crude Oil is expected to keep rising amidst the concerns of supply shortages world wide.   Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun   Brent Crude Oil Price Chart Natural Gas Hits Highest Price since 2008 The NGAS commodity price reached its highest since late 2008, the high prices come in reaction to abnormal weather temperatures along with the supply shortages. In addition, the NGAS inventory is currently sitting at almost 24% lower than this time last year. The mix between increasing demand and tight supply, is contributing to the rising price of the commodity. The Russia-Ukraine conflict still remains one of the main drivers for the increase in NGAS prices.   For you: Forex Rates: British Pound (GBP) Strengthening? Weak (EUR) Euro? GBP, NZD And AUD Supported By Monetary Policy?   Chart Showing the Price of NGAS Cotton July ‘22 Futures Rise as Crop is Planted The price of cotton futures bounced back in yesterday's trading market and in the past week as a result of the cotton crop being planted, the pace of planting is ahead of last year's pace and seems to be sparking investor confidence. The price of cotton is still dependent on some macroeconomic issues such as; post the COVID-19 world, whether the Russia-Ukraine war will be contained and the U.S.-China trade relations. In addition, factors such as weather will also play a part in the futures price of cotton. Cotton Futures Price Chart Sources: Finance.yahoo.com, Marketwatch.com, Tradingeconomics.com, investingnews.com Charts: Finance.yahoo.com
Hot Topic - NEAR Protocol! Terra (LUNA) has been seeing a consistent downward price trend, DAI Should Stay Close To $1

Hot Topic - NEAR Protocol! Terra (LUNA) has been seeing a consistent downward price trend, DAI Should Stay Close To $1

Rebecca Duthie Rebecca Duthie 15.04.2022 12:45
Summary: Near - almost 10% fall in the price today DeFi lost almost 20% of their value DAI - in the past month, the price has slightly deviated     Related article: Deutsche Bank Shook DAX! French Election, Inflation And ECB Are Factors Which Shaped DAX (GER 40), CAC40, FTSE 100 And IBEX35 - Top Gainers, Top Losers   Near Protocol Catching Investor Attention. The crypto platform was created in an attempt to eliminate the slow transaction times on current blockchain networks, it is a decentralized platform. The overall price of the coin has been on a general increase over the past month due to increasing investor interest which originally caused the price to double. However, current market sentiment could explain the almost 10% fall in the price today. Near Protocol Price Chart   Moving average has managed to stay above 1.000 - Terra (LUNA) Coin The price of Terra (LUNA) has been seeing a consistent downward price trend over the past month, however the moving average has managed to stay above 1.000. In the first week of April the DeFi lost almost 20% of their value, as Terra (LUNA) crypto is one of the largest of DeFi assets, naturally the value of the token would’ve faced a decline. Terra (LUNA) Price Chart   For you: Forex Rates: British Pound (GBP) Strengthening? Weak (EUR) Euro? GBP, NZD And AUD Supported By Monetary Policy?   DAI Crypto following the USD. The DAI crypto is linked to the USD, so it is expected that the value of the DAI should stay close to $1. Based on the graph below, in the past month, the price has slightly deviated but has remained pretty much around the $1 mark. The deviations could possibly be as a result of the current market sentiment and economic conditions. DAI Price Chart Sources: Finance.yahoo.com, currency.com, fortune.com
Commodities: EU Members Manage To Agree On Price Caps For Russian Oil

(USOIL) Crude Oil Price To Jump Above $110!? Soaring Coffee Demand

Rebecca Duthie Rebecca Duthie 15.04.2022 10:54
Summary: Price of Crude oil prices skyrocketed High global demand for coffee Price of platinium is rising again after the UK announced further sanctions on top Platinum suppliers The price of US Crude oil reflects the market's volatility and its liquid nature, the commodity is also used as a benchmark for global economic activity At the start of the Russia-Ukraine conflict, the price of Crude oil prices skyrocketed to unprecedented levels. The fall in the price that followed came after the White House's announcement that the US was considering releasing record breaking amounts of US crude oil in an attempt to combat shortage fears. The price is once again on the increase due to the high expectations on demand for US Crude coming hand-in-hand with the limited supply. US Crude Oil Price Chart Related article: Terra USD (USDT), Shiba Inu (SHIB), Polygon (MATIC) Update. Take a Look at What Happened in the World of Cryptocurrency Today  Coffee is second to Crude oil when it comes to popularity in the commodities market Despite the high global demand for coffee, the price is still falling due to unfavorable weather conditions during the growth phase, this comes in addition to the high increase in the cost of shipping also. Coffee Price Chart Platinum as a commodity in the current market The price of platinum increased earlier this month as a result of the rising in demand for the commodity. However, shortly after the initial increase, the price began to fall again and given the current conflict between Russia and the Ukraine, this is not very surprising (Russia is the second largest producer of Platinum after South Africa). The price is rising again after the UK announced further sanctions on top Platinum suppliers, sparking fears of shortages. Platinum Price Chart Sources: capital.com, Tradingeconomics.com, Finance.yahoocom, Dailyfx.com
Forex Rates: British Pound (GBP) Strengthening? Weak (EUR) Euro? GBP, NZD And AUD Supported By Monetary Policy?

Forex Rates: British Pound (GBP) Strengthening? Weak (EUR) Euro? GBP, NZD And AUD Supported By Monetary Policy?

Rebecca Duthie Rebecca Duthie 15.04.2022 09:19
Summary: The GBP is strengthening amidst the Bank of England decision to increase treasury yields in an attempt to fight against inflation In late March early April, the EURO gained in value as a result of the peace talks between Russia and the Ukraine The GBP/NZD is a great way for experienced forex traders to diversify their portfolios AUD/NZD - Over the past month this pair has seen solid gains, the AUD has been strengthening continually   How Much More Can the EUR/USD value Fall? The lack of growth and increasing inflation is putting pressure on the EURO, in addition the ongoing Ukraine-Russia conflict and the energy crisis coming with it is not helping the EURO’s current situation. Due to these factors, the EURO has been losing ground over the USD over the last month, with the factors causing the depreciation not being an easy fix, perhaps we will see the EURO depreciate more in the coming days or weeks. In late March early April, the EURO gained in value as a result of the peace talks between Russia and the Ukraine, after no agreement was reached, the EURO lost all its gains and more. Current market sentiment for this major currency pair is bearish. EUR/USD Price Chart Is the GBP Strengthening causing issues for the EURO, the EUR/GBP currency pairs value is falling. GBP is Strengthening against the EURO and the current market sentiment is Bearish. We see the same peak in the graph below that is prominent in the EUR/USD graph, this gain also came during a period of peace talks between Russia and the Ukraine. The GBP is strengthening amidst the Bank of England decision to increase treasury yields in an attempt to fight against inflation. EUR/GBP Price Chart GBP/NZD as a Volatile pair The GBP/NZD is a great way for experienced forex traders to diversify their portfolios. This currency pair is prone to volatility due to its heavy reliance on both economies' economic health. The Bank of England and the Reserve Bank of New Zealand play a major role in the value of this pair when they implement monetary policies to fight inflation. Given the current market conditions over the past month, this pair has seen it all, a decrease followed by an increase, the increase indicating that the GBP is strengthening. Perhaps this increase has come inlight of the interest rate increases implemented in the UK to fight inflation. GBP/NZD Price Chart AUD/NZD Economies affected by commodities performing well. Both of the economies in this currency pair are heavily dependent on the exporting of commodities. Over the past month this pair has seen solid gains, the AUD has been strengthening continually. AUD/NZD Price Chart Sources: Finance.yahoo.com, dailyfx.com
Binance Academy summarise year 2022 featuring The Merge, FTX and more

Investors Shocked? All Time Highs (ATH) Coming Shortly!? Polkadot (DOT), Crypto.com (CRO) and Binance (BNB) - Altcoins Update

Rebecca Duthie Rebecca Duthie 14.04.2022 16:55
Polkadot is still in the green today. Since the market opened this morning, Polkadot is still in the green meaning the price has increased since the market closed yesterday, but down from this morning's $18.24. DOT-USD Price Chart CRO-USD or Crypto.com Coin seeing poor growth throughout the day. Since the market opened this morning Crypto.com’s price has moved into the red. The price is down more than 1.5% from this morning. CRO-USD Price Chart Binance Crypto (BUSD) The price situation of BUSD has turned around since the fall we saw this morning. The price is up by almost 0.3%. BUSD Price Chart Sources: Motleyfool.com, Finance.yahoo.com, Binance.com
What Happened to JP Morgan? Are the Big Banks Having Trouble?!

What Happened to JP Morgan? Are the Big Banks Having Trouble?!

Rebecca Duthie Rebecca Duthie 14.04.2022 16:32
JP Morgan stocks have been falling over the past week, the decline came after JP Morgan announced their first quarter results for 2022, posting a 21% decline in profits and 42% fall in earnings opposed to last year's Q1 earnings. Big US banks will be announcing their earnings indicators When the CEO of JP Morgan said there are “dark storm clouds on the horizon” It became clear that we should not expect the stock price to bounce back right anytime soon. During the course of today and in the coming days some of the other big US banks will be announcing their earnings indicators. Inlight of this perhaps we should keep an eye on the financial stocks and sector-linked ETFs as further losses could be on the horizon. JP Morgan Price Chart Source: Finance.yahoo.com, Dailyfx.com
Tepid BoJ Stance Despite Inflation Surge: Future Policy Outlook

(CRO/USD) - Rocket Launch Incoming!? Crypto.com Price showing Growth Potential, (DOT) Polkadot’s Potential To Shine - Altcoins Update

Rebecca Duthie Rebecca Duthie 14.04.2022 11:42
Summary: The value of DOT-USD has increased 2% so far today. As of today, the price of CRO-USD has increased by more than 1%. BNB - The price peak at over 1.002 this morning Will POLKADOT continue to be in ETHEREUM’S Shadow for much longer ? Polkadot (DOT-USD) is not a single token, it is a growing connection of blockchains that are interconnected i.e. Polkadot can work with and connect to a wide range of different blockchains. The cryptocurrency has only been on the market for 1.5 years and is already the 12th largest in terms of market cap and 13th in terms of trading volume, hence Polkadot has huge growth potential. The value of DOT-USD has increased 2% so far today. DOT-USD Price Chart Related article: Terra USD (USDT), Shiba Inu (SHIB), Polygon (MATIC) Update. Take a Look at What Happened in the World of Cryptocurrency Today CRO-USD or Crypto.com Coin showing big signs of growth potential. The crypto.com coin is a cryptocurrency exchange that offers support to its users for trading, investing, staking, wallets, NFTs etc. The fees to use this exchange are reasonable and in addition, those who hold large holdings in the coin receive discounts. As of today, the price of CRO-USD has increased by more than 1%. CRO-USD Price Chart Related article: Novelty On The Cryptomarket! What Is MoonPay? MoonPay's Role in Trading Cryptocurrencies Binance Crypto (BNBUSD) Binance coin offers its users the opportunity for crypto-to-crypto trading, its users can trade up to 600 cryptocurrencies and virtual tokens. Binance is a useful trading platform for all investors, including beginner crypto investors. As shown below, Binance’s price has been volatile today. However, the price peak at over 1.002 this morning. BUSD Price Chart Sources: Motleyfool.com, Finance.yahoo.com, Binance.com
NZD/JPY Showing Its Susceptibility To Market Conditions, EUR/CHF Price Is Currently Pushing Above 1.018 Since The Market Opened This Morning

NZD/JPY Showing Its Susceptibility To Market Conditions, EUR/CHF Price Is Currently Pushing Above 1.018 Since The Market Opened This Morning

Rebecca Duthie Rebecca Duthie 14.04.2022 10:07
Summary: Since the market opened this morning, we have seen the price of the NZD/JPY currency pair fall. The EUR/GBP price seems to be on the rise despite the slight increase in price EUR To USD - There is opportunity for the market to change consistently over the next 2 days especially because of the inflation pressures, interest rate forecasts, growth downgrades and earnings   The increasing of the EUR/USD currency pair price Since the market opened this morning, the price of the EUR/USD has increased, in addition investors' market sentiment on the EUR/USD currency pair has changed from yesterday's bearish to mixed as of this morning. There is opportunity for the market to change consistently over the next 2 days especially because of the inflation pressures, interest rate forecasts, growth downgrades and earnings, because of factors such as these, the market is volatile at the moment. EUR/USD Price Chart Related article: ECB Interest Rate Decision Is Coming! European Indices (DAX, CAC40) To Plunge Or Rise? What About Forex Pairs? EUR/GBP The EUR/GBP price seems to be on the rise despite the slight increase in price, the market sentiment for this currency pair is bearish meaning investors do not expect this up trend to continue in the future. EUR/GBP Price Chart NZD/JPY Showing its Susceptibility to Market Conditions Since the market opened this morning, we have seen the price of the NZD/JPY currency pair fall. The relationship between these 2 currencies is known to be volatile because of the carry trade that occurs between them, investors favor these carry trades in times of market stability but shun them in times of market stress. Both of these currencies are also susceptible to economic news. Inlight of this information and the current market economy it is not a surprise that this currency pair is declining in value during this time of market stress. NZD/JPY Price Chart Analysis: Wheat Futures Prices Influenced, By Weather, Naturally! EUR/CHF The EUR/CHF price is currently pushing above 1.018 since the market opened this morning. The ECB’s determination to keep inflation and interest rates low could be a potential reason for the strengthening of the EUR with the ECBs announcement today. EUR/CHF Price Chart Sources: finance.yahoo.com, dailyfx.com, tradingeconomics.com  
Uranium Prices Rising Amidst Russia-Ukraine Conflict, Oil Futures Seeing Large Gains, Lumber Price - Commodities in the Current Market

Uranium Prices Rising Amidst Russia-Ukraine Conflict, Oil Futures Seeing Large Gains, Lumber Price - Commodities in the Current Market

Rebecca Duthie Rebecca Duthie 14.04.2022 08:55
Commodities update by FXMAG.COM Value of lumber had increased by 1.25% As a result of the possibility that Uranium exports from Russia may be banned, the price of the commodity has increased by at least 50% As of market close yesterday, Oil futures saw a rise of nearly 4% as a result of the Ukraine and Russia coming to a dead end on negotiations The Price of Lumber and its relationship with mortgage prices and inflation. As of market close yesterday, the value of lumber had increased by 1.25%, showing small signs of recovery after the price fell by 6% on Tuesday. The price of Lumber falling consistently over the past month could be explained by the increase in the inflation rate which has put a dent in the home improvement market, thus weakening the demand for Lumber. Another potential explanation for the price of this essential commodity falling could be due to the supply chain issues the Lumber market was experiencing last year having being solved, easing supply pressures and subsequently lowering prices further. Lumber Price Chart Related article: ECB Interest Rate Decision Is Coming! European Indices (DAX, CAC40) To Plunge Or Rise? What About Forex Pairs? Uranium Prices Rising Amidst Russia-Ukraine Conflict. As a result of the possibility that Uranium exports from Russia may be banned, the price of the commodity has increased by at least 50% and according to Bank of America, they don't suspect the price surge to begin slowing down. As the war in the Ukraine continues, there is more possibility for the rising commodity prices to continue. Uranium Price Chart Related article: Wheat Futures Prices Influenced, By Weather, Naturally! Oil Futures Seeing Large Gains As of market close yesterday, Oil futures saw a rise of nearly 4% as a result of the Ukraine and Russia coming to a dead end on negotiations. As of the market open today, the price has dropped slightly to $102.95. The graph below shows the major gains made by this commodity yesterday. Crude Oil Price Chart Sources: Finance.yahoo.com, markets.businessinsider.com
Crypto: Ethereum - Altcoin Correction Completed?

Terra USD (USDT), Shiba Inu (SHIB), Polygon (MATIC) Update. Take a Look at What Happened in the World of Cryptocurrency Today

Rebecca Duthie Rebecca Duthie 13.04.2022 19:57
TERRA USD seen an increase Price Today: Terra USD has seen an increase in price since the market opened this morning. The graph below shows us that the price of the coin has been volatile today. This volatility could be as a result of current market conditions and investor sentiment. Terra USD Price Chart Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! Stablecoin SHIBA INU in the Red Today SHIBA INU is a form of meme coin, this means the coin was created from a meme that went viral on the internet. The Stablecoin SHIBA INU saw losses of -3.95% since the market opened this morning, inlight of the current market uncertainty. However, the decrease in price is surprising after Robinhood Crypto announced that SHIBA INU would be added to their platform for their investors to trade. SHIBA INU Price Chart Polygon MATIC-USD - Polygon coin joining the Robinhood platform had the opposite effect on this Crypto? Polygon crypto has seen a slight increase in the price of its coin since the market opened today. Perhaps the announcement of the Polygon coin joining the Robinhood platform had the opposite effect on this Crypto. MATIC USD Price Chart
UK REITs Proving Themselves As A Successful Hedge Amidst Rise In UK Inflation

UK REITs Proving Themselves As A Successful Hedge Amidst Rise In UK Inflation

Rebecca Duthie Rebecca Duthie 13.04.2022 15:55
There is no sign of inflation slowing down, there are still major issues with the supply chains, money supply is still rising and the war in the Ukraine affecting investor sentiment are all aspects driving the rise in inflation worldwide. UK Inflation: The increase has deepened the cost of living crisis in the UK The UKs inflation hit an all time 30 year high in March and the April reading is expected to further increase. As a result over the last month, investments in REITs have increased, as investors are looking to REITs as a potential hedge against inflation, REITs are also a useful tool to diversify an investment portfolio. The graph shows one of the top REITs (Residential Secure Income Plc ) in the UK and its performance over the past week amidst the announcements of housing inflation increasing. Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! Price Chart of Residential Secure Income Plc
Novelty On The Cryptomarket! What Is MoonPay? MoonPay's Role in Trading Cryptocurrencies

Novelty On The Cryptomarket! What Is MoonPay? MoonPay's Role in Trading Cryptocurrencies

Rebecca Duthie Rebecca Duthie 13.04.2022 12:57
MoonPay is a Fintech start-up that builds payment infrastructures for cryptocurrencies. The start-up launched in 2019 with the aim to make the purchasing of cryptocurrency more accessible to people all over the world. More than 150 countries in the world can use MoonPay freely. The MoonPay mission, which is to make cryptocurrency accessible to “the next billion people”, has been clear from the start. Including Ethereum (ETH), Solana (SOL) and Tether (USDT) The MoonPay software allows people to buy and sell cryptocurrencies using major payment methods such as credit cards, debit cards, mobile wallets and bank transfers, thus making the trading of cryptocurrencies easier, especially for individuals who do not have access to the larger trading platforms. There are fees involved with these transactions, but based on customer reviews, users don't seem to find the fees an issue due to the service being fast and efficient. Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! MoonPay teams up with cryptocurrencies and other companies in order to make their mission possible, and with Bitcoin being one of MoonPays first customers it's no wonder they have been excelling. People can buy and sell many types of cryptocurrencies (major and minor) using MoonPay’s platform, including Ethereum, Solana and Tether. Justin Bieber, Snoop Dogg involved MoonPay recently added non-fungible tokens (NFTs) to their trading list. NFTs are a type of crypto asset that makes use of blockchain technology to record who owns a file (image, video or text). As the desire for these NFTs increase, we can expect to see even more growth in MoonPay. As part of their Series A funding round, MoonPay recently gained investments from some famous people, including Justin Bieber, Snoop Dogg, Bruce WIllis and Maria Sharapova. Sources: MoonPay.com, Fortune.com.
Oz Minerals’ Quarterly Copper Output Hit A Record High, Brent Futures Rose

Copper Price And Copper Market Sentiment, Palladium Seeing Some Stability And The Factors Affecting Corn Prices

Rebecca Duthie Rebecca Duthie 13.04.2022 11:24
How the bullish prediction of Copper’s market sentiment helps us predict the current economic market. Copper is highly volatile and has high liquidity, making this commodity attractive to traders. Copper is sometimes used as a tool to predict current market conditions, a change in the price of copper can sometimes suggest either global growth or perhaps a potential upcoming recession. Over the past year copper prices have been rising, in the past month the prices have been more volatile. As of today, since the market opened this morning the price of copper reached a high of 4.76802 beating yesterday's high price. Price of Copper Chart Related article: Wheat Futures Prices Influenced, By Weather, Naturally! Palladium as an alternative to Platinum and its performance in the current market. At the start of the Russia-Ukraine conflict, the price of Palladium skyrocketed, since then the price has somewhat normalized. Since the market opened today, the highest price of palladium is $2419.50. Price of Palladium Chart Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! What is happening with Corn? The price of corn is largely correlated with the prices of other agricultural products such as wheat and barley. The price of corn also affects the profitability of the cattle industry.. This price of corn is affected a lot by the adverse weather conditions in the regions of main corn production, even the slightest weather abnormality can largely affect the price of this commodity. Therefore, The price of corn futures has not seen much stability in the past month. Since the market opened today, the price of corn has reached a high of $771.06. Corn Price Chart Sources: Finance.Yahoo.com, Naga.com
EUR/USD - USD strengthening despite inflation increases, AUD/JPY - Europe Can Turn To Australia For Necessary Imports Such As Coal And Wheat. Good Morning Forex By FXMAG.COM

EUR/USD - USD strengthening despite inflation increases, AUD/JPY - Europe Can Turn To Australia For Necessary Imports Such As Coal And Wheat. Good Morning Forex By FXMAG.COM

Rebecca Duthie Rebecca Duthie 13.04.2022 09:39
Market sentiment on the EUR/USD currency pair is still bearish despite the rise in US inflation. Investors and traders believe the currency pair will continue to follow a bearish trend in the future. The US dollar has been protected from the rise in inflation by the higher bond yields and the tightening of US monetary policy. The Euro is weakening inlight of the war in the Ukraine not seeing any resolution in the near future. Since the market opened this morning, the EUR/USD price reached a high of $1.0856. EUR/USD Chart EUR/GBP prices fall for the third day this week. The depreciating of the Euro has caused the EUR/GBP currency pair to weaken. This is the third day this week that has seen the fall in value of the EUR/GBP currency pair. The Euro depreciation could be explained by the Russia-Ukraine and by the ZEW Economic Sentiment for April. Since the market opened this morning, the highest price seen by this currency pair is sitting at 0.83424 GBP. EUR/GBP Chart Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! AUD/JPY Market sentiment on this volatile pair is sitting at mixed. The AUD has been strengthening inlight of the Russia-Ukraine conflict and the sanctions placed on Russia, Europe can turn to Australia for necessary imports such as coal and wheat. The JPY safe-haven could appreciate even when there is a fall in global market sentiment, however the rising interest rates in the US and the fact that the Bank of Japan has been slow to tighten monetary policies means the JPY is weakening. The AUD continues to strengthen against the JPY as a result of the uncertainty. Since the market opened today, the highest price is sitting at 93.766. AUD/JPY Chart BTC/USD - The opening market price as of today for 1 Bitcoin was $40086.30. Inlight of the Fed tightening monetary policy, bitcoin is likely to keep the bearish market sentiment. BTC/USD Chart Analysis: Gold prices (XAUUSD) increase inlight of the U.S. announcing their new inflation rate - Chart Of The Day By FXMAG.COM Sources: Finance.yahoo.com, Tradingview.com, fxstreet.com  
Gold prices (XAUUSD) increase inlight of the U.S. announcing their new inflation rate - Chart Of The Day By FXMAG.COM

Gold prices (XAUUSD) increase inlight of the U.S. announcing their new inflation rate - Chart Of The Day By FXMAG.COM

Rebecca Duthie Rebecca Duthie 12.04.2022 17:32
Gold prices increase inlight of the U.S. announcing their new inflation rate. We know that gold acts as a useful hedge tool against rising inflation. The highest price gold traded at today went to $1969.76. As you may already know, today the Fed announced the new U.S. inflation rate, which now sits at 8.5%. Gold is still gaining Naturally after this announcement investors would turn to gold to protect their investments from inflation. We see this reflected in the graph above. In spite of the US pushing up treasury yields to try to fight inflation, gold is still gaining. Price Chart of Gold Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! Source: Finance.yahoo.com Graph: Tradingview.com
Litecoin Finally Saw A Deeper Corrective Decline

Back to Altcoins - What Are They? (ADA) Cardano Price, (LTC) Litecoin And Bitgert (BRISE) Analysis

Rebecca Duthie Rebecca Duthie 12.04.2022 11:36
Altcoins refer to any other form of cryptocurrency other than Bitcoin, that means almost every other coin out there is an Altcoin. There are different types of altcoins; such as Stablecoins, Mining-based coins, Stacking-based coins and Governance tokens. Stablecoins are cryptocurrencies that are designed to replicate the price of another asset. Mining-based coins are cryptocurrencies that use a mining process to verify transactions and produce more coins. Stacking-based coins are the same as mining-based coins except they use a process called Stacking to verify transactions and produce more coins. Governance tokens are cryptocurrencies that give holders voting rights to help shape the future of the project. Altcoins can add diversity to your investment portfolio, they’re worth investing in if you're willing to do your homework! Cardano revolutionizing smart contacts A smart contract is one that happens between 2 parties on its own,the terms of the agreement between the parties is directly written into a line of code. The code and the agreements resulting exist across a distributed, decentralized blockchain network. Over the past month, we have seen the price of Cardano peak and fall, today the price is sitting at $0.954, a -5.6% change between yesterday and today, however the cryptocurrency seems to be on the rise this morning. Other than current market conditions and cryptocurrency volatility, the reason for the fall in the price of Cardano can be attributed to the high competition from Bitgert BRC20 Chain. Cardano Price Chart Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! Bitgert Wins in Growth and Development According to some sources, Bitgert (BRISE) currently has one of the most powerful blockchains today. Whilst other cryptos have been underperforming, BRISE has managed to pull through with incredible returns. BRISE is the first BRC20 blockchain or the gasless blockchain, with their innovation and constant growth, they are performing exceptionally well in the cryptocurrency market. Today BRISE's overall price started low but it seems to be recovering, this is definitely a cryptocurrency to watch for in the future. BRISE Price Chart Litecoin(LTC) was released around the same time as Bitcoin which makes it amongst one of the oldest cryptocurrencies in the market Litecoin was released around the same time as Bitcoin which makes it amongst one of the oldest cryptocurrencies in the market, it is still in the top 10 top regarding market cap. The only difference between Bitcoin and Litecoin is the time in which it takes to generate a block, Litecoin takes 75% less of the time it takes Bitcoin to generate a block. We have seen the value of Litecoin rise and fall within the past month. Once the volatility of the crypto market calms down, hopefully the price of this coin will stabilize. Litecoin Price Chart Related article: What Is MoonPay? MoonPay's Role in Trading Cryptocurrencies Charts: finance.yahoo.com & coinmarketcap.com
Russia Look Set To Double Its Exports For The First Half Of 2023

Wheat Futures Prices Influenced, By Weather, Naturally!

Rebecca Duthie Rebecca Duthie 12.04.2022 10:22
Silver Safe-haven inlight of inflation uncertainty The price of silver is dependent on consumer supply and demand balances. Due to the inverse relationship Silver has to the US Dollar, the commodity is popular to use as a hedge against inflation. Silver also has high liquidity making it a popular commodity to trade especially inlight of the current market situations, the conflict between the Ukraine and Russia and the China shutdown concerns. The market sentiment of the commodity is currently being presented as bearish with prices reaching a high of $25.282 since the market opened this morning. Price of Silver Chart NGAS: The prices of natural gas are constantly changing due to the prices being heavily dependent on external factors such as supply and demand, weather and the viability of alternative resources. It is a volatile, liquid and reasonably spread asset, all of these characteristics make Natural Gas (NGAS) a popular commodity to trade. Since the market opened today NGAS prices reached a high of $6.885. The demand is still high for NGAS, however the supply is low, driving the price of NGAS up to a 13 year high. Price of Natural Gas Chart The Weather affecting the price of Chicago SRW Wheat futures: The US is experiencing some adverse weather conditions currently, these weather conditions are driving the prices of futures up, yesterday wheat closed on the highest price since late March due worries around supply. The price of these wheat futures have been fluctuating over the last 8 hours, however the future price now is sitting high at $1110.00. Price of Wheat futures Chart Charts: Finance.Yahoo.com
US Dollar Strengthens - Good Morning FOREX by FXMAG.COM

US Dollar Strengthens - Good Morning FOREX by FXMAG.COM

Rebecca Duthie Rebecca Duthie 12.04.2022 09:20
Strengthening USD: As of this morning, the EUR/USD currency pair is not considered as either bullish or bearish, instead it is represented on various trading platforms as mixed. Since trade opened this morning the value of the USD against the EUR hit a high of 1.08901. This means that the USD is strengthening against the EUR, perhaps the USD will continue to strengthen as a result of the Feds commitment to fighting inflation. Likewise, the current elections in France are putting stress on the value of the EUR. EUR/USD Chart Daily minor pair, EUR/GBP: Since the market opened this morning, the highest price reflected for this exchange sat at 0.83608. The market sentiment of this exchange, like the EUR/USD exchange, is considered as mixed. EUR/GBP Chart Weakening AUD or a Strengthening USD As of the market open this morning, the AUD/USD exchange reached a high of 0.74401. This currency pair is currently sitting at bearish, the AUD seems to be weakening against USD amidst the rising treasury yields in the US and the retracement of commodity prices. The AUD is trying to bounce back against the USD, let's see what the rest of this week brings. AUD/USD Chart FOREX Safe-havens; CHF/JPY Since the market opened this morning, the highest value of the CHF/JPY currency exchange pair is sitting at 134.896 with market sentiment considered mixed. The value of this pair lies high due to Japan's aggressive monetary policy. Both of these currencies are considered financial safe havens, however, they also experience random periods of volatility, making this pair attractive to investors. CHF/JPY Chart Charts: Finance.yahoo.com
Bitcoin (BTC/USD) Hitting One Milion Dollars!? What About (ETH/USD) Price Of Ethereum And Avalanche (AVAX)?

Altcoins To Watch? Check Out LINK, SOL, IOTA - The Cryptocurrencies Less Spoken About

Rebecca Duthie Rebecca Duthie 11.04.2022 13:44
There are many cryptos that are important, but are less commonly spoken about. Cryptocurrency is a type of digital currency that acts as a medium of exchange, the thing about crypto is that not only is it unregulated it is also not reliant on any form of central authority. Cryptocurrency is also defined as a form of digital coins that exist on a blockchain (decentralized and distributed ledger). Instead of talking about the most popular cryptocurrencies, this article will cover 3 of the less spoken about, but still important cryptocurrencies. Chainlink Price Has Decreased! ChainLink was created to support advanced smart contracts on any blockchain, they achieve this by decentralizing oracle networks which provide tamper-proof inputs, outputs and computations, it utilises the LINK token and operators to retrieve data, compute it, format it and guarantee payments from off-chain data feeds. Due to the overall market plunge the price of ChainLink has fallen, however there are other factors such as the lack of growth. Link Price Chart Price Of Solana (SOL) Has Plunged BEcause Of BRC20!? Solana is a decentralized blockchain that was built in order to enable innovative, user-friendly apps for the world. The price of Solana has been bearish for some time, with the price change being in the red since the start of day and for the past week. The recent plunge of the financial market is a major factor driving the fall in price of Solana, however there may be other factors driving this price fall, perhaps the recent fall in the price can also be attributed to the recent introduction of Bitgert BRC20 blockchain to the market, reducing the demand for Solana. SOL Price Chart IOTA - Price Line Can Dissapoint Some Investors IOTA is a form of digital currency it is a unique form of cryptocurrency as it does not feature an underlying blockchain network, it instead uses directed acylic technology. Transactions are always free, regardless of their size, IOTA is a cryptocurrency to be watched, if it capitalized on its current technology, it could eventually become market dominant. Currently the coin is underperforming and has declined in value today, the crypto market is extremely volatile as we have seen with the 2 other cryptos above, crypto prices in general seem to be on the decline. IOTA Price Chart Charts: finance.yahoo.com
Coffee: Brazil And Columbia Are Reducing The Production

Coffee Futures Have Gone Up, Black Gold Price Decreased. Financial Dictionary - What Are Commodities?

Rebecca Duthie Rebecca Duthie 11.04.2022 12:42
There are 4 broad categories of commodities that exist; livestock, agriculture, energy and metals. The trading of commodities is the exchange of different assets by means of futures contracts and many other platforms such as mutual funds, ETFs and stocks. Commodities can be used as a form of hedge against market volatility as the price of commodities often move in the opposite direction to stocks. Commodities are known as being risky investments because their market is dependent on aspects that are hard to predict such as; weather, disease, and natural disasters. The commodities that are being analyzed today are Gold, Crude Oil and Coffee. Gold: since the market opened, the price of gold has risen by 0.86%. The commodity is trading within a fairly stable range, it is not forming any distinct trends at this point in time, this could be due to the uncertainty around the current war in the Ukraine. Likewise, the rise in the US treasury yield strengthened the US dollar and therefore the potential for higher interest rates are preventing people from jumping on the bandwagon and buying gold. Price Of Gold Chart Crude oil, Crude prices fell as much as 2.56% as consumers worldwide announced their plans to release crude oil from their strategic stocks. The crude oil prices are falling in conjunction with the rising US gasoline stocks rising. However, whether or not the price drop is warranted is up for debate seeing as the US demand for oil remains high. At this point, it is uncertain as to which way the oil price will go (up or down). Crude Oil Chart The price of coffee futures is up today by at least 1.17%. Coffee: Coffee is traded in the form of futures. Futures contracts are a form of commodity trading whereby there is an exchange of contracts for assets that are bought at an agreed price but delivered and paid for later at an agreed date. The price of coffee futures is up today by at least 1.17%. Perhaps the price hike can be explained by the prediction that there will be a poor harvest in coffee coming in the future. We should watch for the potential downshift in the balance of coffee prices due to the potential for an economic downturn, increase in consumption costs and reduced consumptions and reduced imports due to the War in Ukraine. Coffee Futures Chart Charts: finance.yahoo.com
Volatile GBP/AUD - Good Morning Forex By FXMAG.COM

Volatile GBP/AUD - Good Morning Forex By FXMAG.COM

Rebecca Duthie Rebecca Duthie 11.04.2022 11:30
To give some perspective on how the Forex market is currently performing, this article will report on 4 different currency pairs, a major currency pair, a minor currency pair, a volatile currency pair and another major pair. The major currency pair is the EUR/USD: Since the market opened this morning the Euro hit a high of 1.09471, this means it costs traders 1.09471 USD to buy 1 Euro. This figure beats Fridays's market closing. The Euro held its position in spite of the fact that the far right did not win the first round of the elections in French votes, this position was helped by the rising U.S. Yields. EUR/USD Chart Stronger Euro - EUR/GBP: Since market opening, the GBP is at 0.8377. This means it costs traders 0.8377 GBP to buy 1 Euro. The EUR/GBP relationship is bearish. Despite this bearish relationship, the Euro has slightly strengthened over the weekend. EUR To GBP Chart Volatile GBP/AUD: Since market opening, the AUD reached a high of 1.75442, this means that it costs 1,75443 AUD to buy 1 GBP. The relationship between these 2 currencies is considered volatile due to the fact that the AUD is a commodity currency (the price of AUD is linked to the value of Australian exports). Therefore, since the start of the trade war between the US and China, currency pairs that contain AUD have increased in Volatility. GBP To AUD Chart Rushing 10-year treasury yield - USD/JPY: The relationship between these 2 currencies is currently bullish. Since market opening, the JPY reached a high of 125.444, which means that it costs 125.444 JPY to buy 1 USD, the weakening Yen is as a result of the 10 year treasury yield rushing 77bps reaching 2.77%. USD/JPY Chart Charts: finance.yahoo.com

news

currency calculator

Markets comments

JingRen
A Breakthrough! Japanese Yen (JPY) Helped By Data, Australian Dollar (AUD) Went Up Post Retail Sales Print
Jing Ren
KamilaSzypuła
ECB Will Continue To Hike Rates To Slow Inflation?
Kamila Szypuła
RebeccaDuthie
Euro To US Dollar Index Falls - Touching Levels Not Seen In 20 Years
Rebecca Duthie
KamilaSzypuła
Interest Rates Hiked. The Most Important Indicators Continue Their Downward Trend
Kamila Szypuła
RebeccaDuthie
Russia Suspends Flow Through The Nord Stream 1 Pipeline, Cotton Futures, Gold Prices Increase For The First Time In 3-weeks
Rebecca Duthie
AlexKuptsikevich
How Have BTC And ETH Performed Recently? Cryptocurrencies: Market Cap Increased Slightly, Telekom And Telefonica "Flirting" With Digital Assets
Alex Kuptsikevich
InstaForexAnalysis
This Week USD May Be Fluctuating! Euro To US Dollar - Technical Analysis And More - 10/10/22
InstaForex Analysis
INGEconomics
US Stocks: S&P 500 And Nasdaq Decreased Slightly Yesterday Losing 0.33% And 0.09% Respectively
ING Economics
AlexKuptsikevich
According to Bloomberg's survey Bitcoin may be trading between $17.6K and $25K
Alex Kuptsikevich
KamilaSzypuła
The Australian Dollar Failed To Hold Its Gains, The Pound Strengthened Against The US Dollar
Kamila Szypuła
FXMAG
Social media
Crypto

© 2020 FXMAG. All Rights Reserved

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
Trading on margin increases the financial risks.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets,
carefully consider your investment objectives, level of experience and risk appetite,
and seek professional advice where needed.

FXMAG would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided bymarket makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.

FXMAG and any provider of the data contained in this websitewill not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify,
transmit or distribute the data contained in this website without the explicit prior written permission of FXMAG and/or the data provider.

All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
FXMAG may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.