Share: Shibarium transactions have hit a new all-time high of $5.11 million, according to lead marketer of the Shiba Inu ecosystem. Lucie cites reports increased traffic, soaring gas prices, and more burn, acknowledging that momentum is coming … [Continue reading]
SEC lawyers face possible sanctions for undermining integrity of court proceedings in Debt Box case
Share: A US court could impose sanctions on SEC lawyers with possible sanctions for pedaling false arguments in Debt Box case. Based on the report, the financial regulator misleadingly cajoled the court into imposing a temporary restraining order … [Continue reading]
Stacks price shows 15% upside potential, tops, before a possible nosedive
Share: Stacks token price uptrend could run out of steam soon, with only a 15% climb until the end of the line. STX could face a rejection from the $0.8860 resistance level, kickstarting a steep correction towards the ascending trendline. The … [Continue reading]
Coinbase stock trading volume skyrockets, outpaces Bitcoin, Ethereum after Binance capitulation
Share: Coinbase stock is up almost 300% in 2023, outpacing Bitcoin and Ether's growth of 130% and 75%. Among the drivers for the surge is skyrocketing trading volumes, Q4 numbers stand out with one month to go. It comes amid expectation that … [Continue reading]
US Dollar reverses its course despite Jerome Powell’s words, falling US yields
Share: The DXY Index is seen with losses around 103.15, after reaching a high of 103.70, above the 200-day SMA. Fed Chair Powell warned that the bank will hike again if needed, keeping its data-dependency approach. The US ISM Manufacturing … [Continue reading]
Gold Price Forecast: XAU/USD surges to a seven-month high, amid Powell’s remarks
Share: Gold price rallied to a new multi-month high of $2060.62 amid Powell’s speech. Federal Reserve Chair Jerome Powell's remarks on soft inflation data and high core inflation boost Gold's appeal as a hedge. US interest rate expectations now … [Continue reading]
EUR/USD: Corrective losses to the 1.09 area risk extending a little further in the short run – Scotiabank
Share: EUR/USD pivots around 1.09. Economists at Scotiabank analyze the pair’s outlook. Euro consolidates recent gains Final Eurozone Manufacturing PMI data was revised up slightly to 44.2, from the preliminary November reading of 43.8. German and … [Continue reading]
Austria Gross Domestic Product (QoQ) above expectations (-0.6%) in 3Q: Actual (-0.5%)
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/INR loses ground on stronger Indian GDP, focus on US PMI, Fed’s Powell speech
Share: Indian Rupee gains momentum on the upbeat Indian growth number. India’s GDP expanded by 7.6% for the Q2 of this fiscal year, making it the fastest-growing major economy. Investors will closely watch the US ISM Manufacturing PMI and Fed Chair … [Continue reading]
Judo Bank Australia Manufacturing PMI declines to 47.7 in November
Share: Australia's manufacturing sector continues to contract head into the year-end. Australian Manufacturing PMIs slid to 47.7 in November, a ninth-straight monthly contraction. Australian Manufacturing Purchasing Managers' Index data for … [Continue reading]