August 21, 2024
Bitcoin demand sharply declined since April
Demand for Bitcoin has been in a downtrend since April, approaching negative levels over the past few weeks. According to data analytics firm CryptoQuant, the apparent demand for the digital asset has dropped from a 30-day growth of 496,000 Bitcoin in April to a current negative growth of 25,000 BTC. The Bitcoin-Dollar pair fell 0.6% […]
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August 21, 2024
The last session saw the Pound gain 0.3%
The dollar fell to its lowest level since January as investors awaited revisions to U.S. payrolls data on Wednesday and Federal Reserve Chair Jerome Powell’s speech to the Jackson Hole economic conference in Wyoming later in the week. The last session saw the Pound gain 0.3% against the Dollar. The Ultimate Oscillator is giving a […]
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August 20, 2024
Oil falls 2% on Gaza ceasefire talks and Chinese data
Oil prices fell by about 2%, and global benchmark Brent held below $80 a barrel, on the prospect successful Middle Eastern peace talks could reduce supply risks, while leading oil importer China’s economic weakness looked set to curb demand. The Oil-Dollar pair corrected downwards in the last session, falling 0.2%. The ROC is giving a […]
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August 20, 2024
Dollar hits 7-month low, yen gains as traders wait on Jackson Hole
The dollar fell to a seven-month low and the Japanese yen hit a more than one-week high as traders awaited comments from Federal Reserve Chair Jerome Powell this week likely to hint the U.S. central bank will start cutting interest rates in September. The Dollar fell 0.9% against the Yen in the last trading session. […]
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August 20, 2024
Cardano loses top 10 crypto spot as Tron sees growth
Cardano has fallen out of the top 10 cryptocurrencies by market capitalization after dropping approximately 3% over the last seven days. Cardano,once ranked third in crypto rankings during the 2021 bull cycle, is currently 11th after Tron.
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August 19, 2024
China issues new gold import quotas after pause
Several Chinese banks have been given new gold import quotas from the central bank, anticipating revived demand despite record high prices. Spot gold has gained 21% so far this year, having hit successive record highs. The Gold-Dollar pair exploded 2.0% in the last session. The Ultimate Oscillator is giving a positive signal.XAU/USD exploded 2.0% in […]
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