The volume of transactions on the XRP Ledger fell significantly from the first quarter to the second quarter of 2024, with the average transaction cost surging, according to Ripple’s Q2 Markets Report. XRPL onchain transaction activity declined by 65.6% .
The U.S. dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September as the economy sours.
Boeing named aerospace industry veteran Kelly Ortberg as its CEO to turn around the struggling planemaker after a quarter where it lost more than $1 billion. Ortberg will start on Aug. 8 with the monumental task of rebuilding trust with regulators, the industry and the public during a quality crisis
The Nasdaq and the S&P 500 jumped around 2%, as investors hoped for hints from the Federal Reserve on the timing of rate cuts, a bullish forecast from AMD boosted chip stocks and Microsoft slipped after a higher spending forecast.
Oil prices rose more than 4%, rebounding from seven-week lows, as the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East and overshadowed a drawdown in U.S. crude stockpiles driven by robust exports.
The Oil-Dollar pair exploded 4.3% in the last session. The ROC is giving a positive signal.
WTI/USD exploded 4.3% in the last session.
The ROC is currently in the positive zone.
Support: 74.5633 | Resistance: 77.2833
The Euro-Dollar pair saw a minor dip of 0.2% in the last session. The RSI is giving a negative signal.
EUR/USD corrected downwards by 0.2% in the last session.
The RSI is giving a negative signal.
Support: 1.0843 | Resistance: 1.0869
