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. 

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
Oil recovers, gold inches higher

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 hawkishness not enough to lift the euro right now

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
The Commodities Feed: Another week passes with no EU ban | ING Economics

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
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
Analysis and trading tips for EUR/USD on June 28

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
Technical Update - Wheat prices in decline testing key support. Corn and Soybeans range bound. Coffee on the rise

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
FX: Analysis and trading tips for GBP/USD on June 29

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
Short-term EURUSD analysis for June 29, 2022.

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
Trading plan for USDCHF on June 24, 2022

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
Trading plan for Natural Gas on June 24, 2022

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
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
USD/CAD Technical Analysis and Trading Tips for June 23, 2022

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
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
Gold Price (XAUUSD) May Shock Investors! Trading plan for Gold on June 21, 2022 | InstaForex

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
"EURGBP, GBPUSD – the Bank of England is seen hiking rates at this Thursday’s meeting (...) " | Saxo Bank

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
Is CHF (Swiss Franc) About To Rally? Make the Franc Strong Again! | MarketTalk: What’s up today? | Swissquote

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
Crude Oil dips on China concerns, gold (XAUUSD) range-bound | Oanda

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
EURUSD rejected at Kumo (cloud) resistance

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
Will Fuel Prices Shock Again? Crude Oil Price Almost Hit $120! Will EV Become More Popular Shortly?

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 rallies, gold steady

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

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
"EURGBP, GBPUSD – the Bank of England is seen hiking rates at this Thursday’s meeting (...) " | Saxo Bank

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
FX: GBP To USD | Negative statistics from Europe and the US will worsen the situation (expect GBP/USD to decline)

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
Macro Insights: Leaning in on Emerging Asia

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
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
Bank Of Japan (BOJ) Reaffirms Policy, Japanese Yen (JPY) At 136 | Oanda

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  
Podcast: Commodities rout points to recession fears

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 $5 per gallon, extending the surge in fuel costs that is driving rising inflation. Goldman Sachs indicated on Friday that energy prices needed to increase further before achieving a destruction in demand that is sufficient for market rebalancing. Brent Crude Oil Price Chart Silver prices reaches its lowest level in 4 weeks Investors' worries around the global economic outlook and a more hawkish attitude from the Federal Reserve have been strengthening, pushing silver prices down to its lowest level in four weeks. The global economic outlook remains dim due to the rising borrowing costs, the war in Ukraine, high commodity prices and ongoing supply disruptions. The Fed is due to continue tightening its monetary policy during the coming week after US inflation reached 41-year highs during May, in addition the ECB and RBA have also chosen a more hawkish path as inflation shows no signs of peaking. Silver Jul ‘22 Futures Price Chart Corn Prices rising amidst concerns around supply. Corn prices reached nearly eight week highs in the wake of new concerns around grain supplies. Talks failed between two of the major corn suppliers, Russia and the Ukraine around the resuming of Ukrainian exports despite the Turkish efforts to negotiate a safe passage for grain stuck at the Black Sea Ports. Russian President Putin said free shipment depended on an end to sanctions on Russia. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
5 Cryptocurrencies That You Probably Forgot About - Take A Look At Shiba INU (SHIB), Kishu INU ($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  
USD/JPY Technical Analysis and Trading Tips for June 29, 2022

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
(XAUUSD) Gold Prices Falling In The Run-Up To US Inflation Data Release, NGAS Prices Fall But Remain Elevated, Coffee Prices

(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  
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 hawkishness not enough to lift the euro right now

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
Concerns Around Increasing Demand and Tightening Supply For Platinum, RBOB Gasoline, West Is Unlikely To Ease Sanctions On Russia Causing Wheat Supply Concerns Persist

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
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
Is CHF (Swiss Franc) About To Rally? Make the Franc Strong Again! | MarketTalk: What’s up today? | Swissquote

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
Finally, some good news as food prices ease

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
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
Stocks: Will (NYSE: NKE) Nike Stock Price And Micron Stock Soar!? Earnings Season Is Coming! Russia-Ukraine War Can Affect Crude Oil Prices | Swissquote

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
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
Trading plan for Dow Jones for June 29, 2022

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
Technical Update - Wheat prices in decline testing key support. Corn and Soybeans range bound. Coffee on the rise

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
USD/JPY Technical Analysis and Trading Tips for June 29, 2022

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
Commodities: Crude Oil Price Rallies, Gold Price (XAUUSD) Steady | Oanda

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
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
The Commodities Feed: Saudi hikes OSPs | ING Economics

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
"EURGBP, GBPUSD – the Bank of England is seen hiking rates at this Thursday’s meeting (...) " | Saxo Bank

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
Finally, some good news as food prices ease

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
Technical Update - Wheat broken key support turning bearish, but indicates higher prices longer term

(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
GBP/USD analysis on June 7, 2022

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
The Commodities Feed: Another week passes with no EU ban | ING Economics

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
AUD/USD Eyes 0.6945 on Strong Australia Retail Sales Data

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
Trading plan for Bitcoin Cash on June 23, 2022

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
Oil stocks charge again, are US equities on the brink of a huge disappointment and BHP attempts to rise out of bear market

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
Commodities: Crude Oil Price Rallies, Gold Price (XAUUSD) Steady | Oanda

(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
FTSE 100 Index Rises Thanks To Shell and BP Stocks, British Pound (GBP) Weakens After Thursday Morning Strengthen

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
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
"EURGBP, GBPUSD – the Bank of England is seen hiking rates at this Thursday’s meeting (...) " | Saxo Bank

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
The Commodities Feed: Saudi hikes OSPs | ING Economics

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
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
FX Update: USD jolted higher on fitful safe haven bid. JPY risks mount.

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
Potential Frost Causing Concerns Around Coffee Supplies, Crude Oil Demand Is Expected To Rise, Palladium Price Falls Amidst Easing Concerns Around Supply And Demand

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
(GSPC) SNAP Drags Tech Peers Down With It, The Russian Ruble Outperforms Emerging Currencies

(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
EURUSD rejected at Kumo (cloud) resistance

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
The Commodities Feed: Another week passes with no EU ban | ING Economics

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
Rates Spark: Some two-way risk in rates

(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
Altcoins: No real progress for (ADA) Cardano the last two months  | InstaForex

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  
Inflation Hit Hard In Poland Reaching Ca. 14%! Zloty (PLN) Going To Be Supported By NBP In The Following Months | ING Economics

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
FX: Analysis and trading tips for GBP/USD on June 29

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
Gold Price (XAUUSD) May Shock Investors! Trading plan for Gold on June 21, 2022 | InstaForex

(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
Is CHF (Swiss Franc) About To Rally? Make the Franc Strong Again! | MarketTalk: What’s up today? | Swissquote

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
XRPUSD technical analysis for June 28, 2022.

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
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
The Commodities Feed: Saudi hikes OSPs | ING Economics

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
USD/JPY Technical Analysis and Trading Tips for June 29, 2022

(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
Asian markets higher as Wall Street climbs

(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
Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform

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
EURUSD rejected at Kumo (cloud) resistance

(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
More Expensive Coffee!? Weather Conditions In South America Can Limit Crops. (WTI) Crude Oil Price Recovering, Palladium Prices Rise Amidst Concerns Around Supply

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  
Spanish Economics Can Gain Much In The Near Future | ING Economics

(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
Energy price caps could be a game changer for European utilities | Part II | ING Economics

(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
(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
(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
FX forecast 06/10/2022 EUR/USD, EUR/JPY, USDX, SP500 and Gold from Sebastian Seliga

(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 dominance falls amid sell-off by long-term investors: will there be altcoin season?

(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
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
The Commodity Market Felt The Effect Of The Poor Market Conditions This Week - Wheat Futures, Platinum Futures & RBOB Gasoline Futures

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
Asian markets higher as Wall Street climbs

(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
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

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
Will Fuel Prices Shock Again? Crude Oil Price Almost Hit $120! Will EV Become More Popular Shortly?

(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
Technical Tuesdays 21 June 2022

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
Rates Spark: The hawks are circling | ING Economics

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
FX forecast 06/10/2022 EUR/USD, EUR/JPY, USDX, SP500 and Gold from Sebastian Seliga

(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.
Analysis and trading tips for GBP/USD on June 22

(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
Oil prices rise as demand outstrips supply

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
Binance Academy: What Are Decentralized Applications (DApps)?

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
Chart of the Week : Housing IS the business cycle

(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
(XAUUSD) Gold, Coffee and Crude Oil - Commodities Facing Price Trouble Over the Past Month

(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
German inflation comes down as government measures bite

(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
US Close – Stock rebound in volatile trade, Crude prices crumble, Gold falls, Bitcoin follows Nasdaq rally

($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
Lyft Stocks Face Major Negative Sentiment Despite Q1 Results Exceeding Expectations.

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
Oil gains ground, gold fades

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
Solana Mobile Phone coming soon? | Crypto Market Talk | Swissquote

(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
Crude Oil Is Said To Shape Euro To US Dollar (EUR/USD). Forex Cable (GBP/USD) May Be Supported By BoE Sooner Than Later. (USD/JPY) - Can Japanese Yen Rise? | Oanda

(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
Back to black: the countries best positioned to replace Russian gas with coal

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
The Commodities Feed: Another week passes with no EU ban | ING Economics

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
GBP/USD: plan for the European session on June 22. COT reports. The pressure on the pound continues to build | InstaForex

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
Altcoins: No real progress for (ADA) Cardano the last two months  | InstaForex

(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
Inflation Hit Hard In Poland Reaching Ca. 14%! Zloty (PLN) Going To Be Supported By NBP In The Following Months | ING Economics

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
Equities retraced amid weak US consumer confidence and near completion of quarter-end rebalancing

(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
Market Insights Podcast (Episode 329) | Oanda

(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
Binance Academy: THORChain (RUNE) - What Is It?

(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
"EURGBP, GBPUSD – the Bank of England is seen hiking rates at this Thursday’s meeting (...) " | Saxo Bank

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.
Should Drivers Worry About Fuel Prices Again? Will Crude Oil Price Go Up!?

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
Chart of the Week : Housing IS the business cycle

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.
Riksbank set to hike 50bp in a bid to get ahead of the ECB

(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
Equities retraced amid weak US consumer confidence and near completion of quarter-end rebalancing

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
The Commodities Feed: Copper supply risks | ING Economics

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
How Will (ECB) Christine Lagarde Affect Euro To US Dollar? S&P 500 And Nasdaq Decreased. Can SPX Reach $3300!? Crypto: What About BTC/USD?

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
🔥 SHIBA Volatile Move Ahead: Triangle Analysis

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
Surprise OPEC decision could be a turning point for oil! | MarketTalk: What’s up today? | Swissquote

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.
Oil gains ground, gold fades

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
Podcast: Yen drop is outstripping fundamentals | Saxo Bank

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
🔥 EGLD Double Top: Bounce Idea

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
FX: EUR/USD And GBP/USD - Powell And Lagarde May Affect These FX Pairs Today. How Is USD/JPY Doing?

(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,
What Today's NFP Means For Markets? High Value May Boost USD, But Weaken Gold Price. Low NFP May Help Stockmarket | Oanda

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   
Markets are betting the Fed has it wrong again

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
Podcast: Commodities rout points to recession fears

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
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
Green energy hype, Target misfires, World Bank cuts global growth estimates

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: Sandbox (SAND), Decentraland (MANA) ENJIN (ENJ) And Bloktopia (BLOK) Explained

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
Ether (ETH), (BTC) Bitcoin, LUNA, NFT - They All Plunges! Crypto Market Crash Aka "Cryptogeddon" | Conotoxia

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
By crypto.com - Market Pulse – Weekly Market Insights Newsletter (25/04/2022)

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
Markets find balance ahead of fresh economic data and speeches from Lagarde and Powell (expect a local increase in EUR/USD and a decease in USD/CAD)  | InstaForex

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
Solana Mobile Phone coming soon? | Crypto Market Talk | Swissquote

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
Can GBP/USD Reach 1.24!? Will EUR/GBP Prove British Pound's Strength? It's Good To Diagnose EUR/CHF Performance This Week. Can DXY (US Dollar Index) Go Down?

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
Should Drivers Worry About Fuel Prices Again? Will Crude Oil Price Go Up!?

(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
Global equities staged a notable rally | Saxo Bank

(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
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.
The Commodities Feed: Copper supply risks | ING Economics

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  
Back to Altcoins - What Are They? (ADA) Cardano Price, (LTC) Litecoin And Bitgert (BRISE) Analysis

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
Wheat Futures Prices Influenced, By Weather, Naturally!

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 Futures Have Gone Up, Black Gold Price Decreased. Financial Dictionary - What Are Commodities?

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