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August 14th - According to foreign media reports, Australian homebuyers continue to reduce borrowing, with new housing loans experiencing their largest drop since the pandemic. Tax reforms and falling house prices have prompted buyers to wait for signs of a market bottom. In the three months to June, new housing loans in Australia fell by 5.2% compared to the first quarter, the largest drop since the end of 2022. Investor borrowing fell by more than 10%, while owner-occupier loans fell by 1.9%. This data confirms the market weakness previously reported by major Australian banks. All three of the countrys major banks reported a significant drop in mortgage applications during the period. With reduced tax incentives diminishing the attractiveness of home purchases for investors, and continued house price declines prompting other buyers to wait for the market to bottom out, housing demand is likely to remain weak. The simultaneous decline in both house prices and loans indicates that Prime Minister Albaneses attempt to curb the increasingly unaffordable housing market through new tax policies is beginning to have an effect.JPMorgan Chase lowered its price target for Honeywell from $262 to $255.The local governor said that the area around the Russian Baltic port of Uster-Luga was damaged by a drone attack.On August 14th, LG Electronics announced plans to launch a new generation of bipedal humanoid robots in the first quarter of 2027, based on the NVIDIA robotics platform. The robot will be powered by the NVIDIA Jetson Thor robotic chip module and developed using the NVIDIA Isaac GR00T humanoid robot base model and the Holoscan for Robotics robot safety system. LG plans to integrate the technology and capabilities of its major subsidiaries into this robot, including actuators from LG Electronics, sensors from LG Innotek, and batteries from LG Energy Solution. Furthermore, the two companies will collaborate comprehensively across three main areas: robotics, AI factories, and mobility.August 14th - According to Qingdao Customs statistics, in the first seven months of this year, Qingdaos total import and export volume reached 554.87 billion yuan, accounting for 26.1% of the provinces total import and export value; a year-on-year increase of 6.4%, 2.1 percentage points higher than the provincial average. Specifically, exports reached 337.71 billion yuan, a year-on-year increase of 8.3%; imports reached 217.16 billion yuan, a year-on-year increase of 3.5%. In July alone, Qingdaos total import and export volume reached 87.75 billion yuan, a year-on-year increase of 10.5%. Specifically, exports reached 56.01 billion yuan, a year-on-year increase of 16.3%; imports reached 31.74 billion yuan, a year-on-year increase of 1.5%.

Crypto Cloud Storage STORJ Leads Rally by 55% As ETH, BTC Consolidate

Jimmy Khan

Jun 24, 2022 14:48

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The top cryptocurrencies were anticipated to be driving the rise when the cryptocurrency market passed the $900 billion threshold today.


Storj managed to seize dominance, overtaking every other significant cryptocurrency with its ascent despite the fact that it turned out to be a relatively unknown coin.

Storj?

Indeed, Storj. The asset is, as it sounds, the native token of a cloud storage platform supported by cryptocurrencies, which until today was merely another coin.


However, the altcoin's one-day increase of 55.08 percent succeeded to place it on the map both literally and figuratively, as it joined the top 100 cryptocurrencies list.


Due to the price increase, the asset's market value increased by approximately $100 million during the course of the previous day. This increased the asset's overall growth over the preceding nine days to a total of 156.7 percent.


More than half of the losses that the cryptocurrency sustained during the May 65 percent fall were also nullified by this rebound in addition to the losses registered by the altcoin this month during the June 9 crash.


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The green candle, which closed above both the 100-day SMA and the 50-day Simple Moving Average (red line), insured that the gain was sustained (blue line). The 200-day SMA (purple line), which would effectively transform this into a bullish run, is also getting closer.


Additionally, after more than two months, the Awesome Oscillator switched the active trend's direction from bearish to bullish, with the green bars climbing above the neutral.


Now, it has to be seen if the asset will be able to sustain this growth moving forward or if it will just be another one-day wonder.

Ethereum and Bitcoin Take a Break

The king currencies have been moving slowly, essentially not at all, as the altcoins have taken the lead.

BTC has made little progress at all during the past week, hovering around the $20k to $21k level, whereas ETH recently broke the $1.1k threshold.


However, Bitcoin's recovery has been so sluggish that the king currency has not yet reached the upswing stage that every other altcoin is presently in.


Additionally, the Relative Strength Index (RSI), which has been signaling a trend reversal for more than two months, shows that BTC is still trapped in the negative zone.


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