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On November 15th, a senior Swiss economic affairs official stated at a press conference following the tariff agreement reached with Washington that Swiss gold producers intend to establish factories in the United States in the future. Gold is a significant component of Switzerlands trade surplus with the US and continues to be exempt from tariffs. However, Artieda, director of the Swiss Federal Office for Economic Affairs (SECO), pointed out that profit margins on gold are not high, "very, very small, probably only 1% or less." She added, "But I think its important to them. Strengthening its gold market is crucial for the United States." The Swiss government announced on Friday that, under the new framework trade agreement, the US will reduce tariffs on Swiss goods from as high as 39% to 15%. The agreement also includes a commitment from Swiss companies to invest $200 billion in the US by the end of 2028.Market news: U.S. House Democrats are demanding access to data behind the Federal Aviation Administrations decision to cut flights.On November 15th, Bristol-Myers Squibb (BMY.N) and Johnson & Johnson (JNJ.N) announced the discontinuation of a pivotal late-stage clinical trial following an interim review. The trial aimed to test their investigational antithrombotic drug. An independent review found that the drug was unlikely to achieve its primary objective in patients with a certain type of heart disease.November 15th - Following hints from several key Federal Reserve officials that the Fed will expand its balance sheet, Barclays strategists predict the Fed will begin purchasing Treasury bills in February next year. Barclays strategist Samuel Earl wrote, "Given the markets focus on repurchase rates, the Fed is in risk management mode, and starting asset purchases earlier seems to be the most likely outcome."Market news: US Senator Warren said that Trump may be deliberately restricting the release of economic data.

ADA Price Prediction: IOHK Updates and EMURGO Silence to Test $0.320

Cory Russell

Mar 06, 2023 16:54


ADA dropped on Saturday by 1.75%. Friday saw a drop of 2.28%, and ADA closed the day at $0.337. Despite the negative afternoon, ADA managed to stay above $0.330.


After a positive opening to the day, ADA increased to a peak of $0.347 before going back down. ADA declined to a late low of $0.331, falling shy of the First Significant Resistance Line (R1) at $0.356.


However, ADA found late support to finish the day at $0.337 while avoiding the First Significant Support Line (S1) at $0.326.


Input Output HK (IOHK) published its weekly development report on Friday. The report disappoints as the outlook worsens. The lack of new projects starting on the Cardano network in the previous week disappointed investors who were looking for project influx in the figures. It's possible that increased governmental and legislative monitoring is causing companies to postpone project openings. A clearer image will emerge from the project's financial data in the following weeks.


117 initiatives were started on the Cardano network, which is unaltered from February 24 according to the Weekly Progress update for March 3.


The overall number of Cardano network projects increased by four from the prior update to 1,209.


There were 5,953 Plutus screenplays in total, of which 797 were Plutus V2 scripts. There were 5,857 Plutus programs as of February 24.


Before the Vasil hard split, 98 projects had been released on Cardano, and 1,100 projects were developing on the Cardano network.


In addition, there were 7 million native tokens (7.83 million in the prior report), 62.2 million trades (61.8 million in the prior report), and 70,258 token policies (PR: 70,039).


Concerns about the SEC's emphasis on stablecoins will arise for EMURGO and the upcoming rollout of the USDA algorithmic stablecoin. The debut of EMURGO's Agricultural stablecoins on the Cardano network is planned for Q1 2023. As the first quarter draws to a close, a dearth of information would put customer interest to the test.


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