Share: The CFTC won its case against Ooki DAO in a default judgment after the court determined defendant acted as an FCM. Following the victory, the DAO will have to pay a $643,542 fine before shutting down its website and ceasing … [Continue reading]
Polygon long-term holders’ resilience would pay off only when MATIC price notes a 30% rally
Share: MATIC price has declined by nearly 20% in the span of a week, trading at $0.7179. Loyal Polygon investors have seen an increase in concentration, with long-term holders now commanding over 54% of the MATIC supply. The biggest chunk of the … [Continue reading]
Ethereum co-founder highlights three key transitions set to shape network’s future trajectory
Share: Ethereum co-founder has revealed three key technical transitions the network must undergo in its evolution. The three transitions will radically reshape the relationship between users and addresses, Vitalik Buterin. The transitions are hard … [Continue reading]
Silver Price Analysis: XAG/USD hits a four-week high but retreats as gravestone doji emerges
Share: Silver price hits a four-week high at $24.52 but retraces to $24.26. For bullish continuation, XAG/USD must breach $24.49 resistance, opening the path to $25.00 per troy ounce. XAG/USD’s failure to crack $24.49 could lead to further losses, … [Continue reading]
United States Baker Hughes US Oil Rig Count rose from previous 555 to 556
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/CAD rebounds firmly to near 1.3360 due to downbeat Canadian Employment report
Share: USD/CAD has shown a solid recovery from the crucial support of 1.3320 after weaker-than-anticipated Canada’s job market data. Canada’s Net Change in Employment dropped by 17.3K and the Unemployment Rate jumped to 5.2%. S&P500 futures … [Continue reading]
WTI Price Analysis: Juggles in between bleak global demand and output cuts
Share: Oil consolidates as the upside is restricted due to weak global demand while the downside is being supported by OPEC’s production cuts. The black gold witnessed a nosedive move after a false and misleading report stating that US-Iran nuclear … [Continue reading]
NZD/USD remains below 0.6100 as weak Chinese inflation data dent sentiment
Share: NZD/USD ticks lower on the last day of the week and is pressured by a modest USD strength. Weaker Chinese inflation figures add to economic woes and benefit the safe-haven Greenback. The uncertainty over the Fed’s rate-hike path should cap … [Continue reading]
South Korea Current Account Balance came in at -0.79B, above expectations (-1.38B) in April
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
GBP/USD surges amidst US labor market data, BoE rate hike bets
Share: GBP/USD skyrockets as US Jobless Claims soar; investors expect Fed pause. US Treasury bond yields pressured, USD Index collapsed by 0.73%. BoE anticipated rate hike cushions GBP amid sparse economic data. GBP/USD rallies above 1.2500 as … [Continue reading]