EUR/USD 1.15678
0.343%
Gold 4376.09
0.578%
Oil 81.485
1.319%
USD/JPY 159.356
-0.090%
GBP/USD 1.35343
0.362%
GBP/JPY 215.682
0.268%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 16 - This morning (August 16), Ecuadorian President Daniel Roy-Hilchrist Noboa Asin arrived in Beijing to begin an eight-day visit to China. This is President Noboas first state visit to China.August 16th - It was learned on August 15th local time that authorities in Indiana, USA, stated that the powerful storms and floods that swept across the state this week have resulted in at least five deaths. Over the past week, torrential rains have caused record-high water levels in several rivers, forcing residents to evacuate to higher ground. More than a dozen counties have declared a state of emergency, with the latest damage concentrated along river channels stretching from Hamilton County to the northern suburbs of Indianapolis.The head of Irans Energy Optimization Organization stated that in the first option, gasoline prices would remain unchanged, but the total allocation would be capped at 121 million liters, and refueling stations would be closed once the quota was exhausted. In the second option, the 121 million liters of gasoline produced daily would be allocated to individual vehicles, and anyone wishing to exceed their quota would have to purchase gasoline at free market prices. In the third option, gasoline quotas would be allocated to the public at 30 liters per person per month, and the transfer, purchase, and sale of quotas would be permitted.The head of Irans Energy Optimization Organization stated that, as part of three ongoing proposals to manage Irans gasoline supply, Iran is considering a proposal to allocate 30 liters of gasoline per person per month, with the quota being transferable and tradable.August 16th - Next week, UK consumer prices will be the focus of media attention, while the shortage of AI-powered memory chips and rising energy costs are keeping the Bank of England on high alert. Data to be released on Wednesday is expected to show inflation accelerating for the first time in four months, with a survey of economists showing a median forecast of a 2.9% jump in July. This marks the beginning of an upward trend expected to continue into the second half of the year, ending a period of positive news regarding price pressures. As the impact of the Iran war on prices becomes increasingly apparent – especially given the still strong economic performance – this data could further unsettle Bank of England policymakers. While the inflation outlook is largely dependent on developments in the Middle East, artificial intelligence is emerging as a potential "dark horse." The Bank of England has warned that the rapid expansion of AI computing power is driving up the cost of memory chips used in mobile phones, laptops, and game consoles. Data from the British Retail Consortium in July indicates that rising chip costs are being passed on to the prices of electronic products.

XRP Must Return to $0.48 to Challenge the Bulls at $0.50

Daniel Rogers

Nov 07, 2022 17:49

 截屏2022-11-07 下午5.46.11.png

 

On Sunday, XRP fell 4.50 percent. Following a Saturday drop of 2.51%, XRP closed the week up 2.95 percent at $0.47113. Bearish mood from the crypto market as a whole weighed as investors secured profits before a busy week. Technical indications are optimistic, with XRP trading above the 100-day exponential moving average (EMA), indicating a rebound to sub-$0.50.

 

On Sunday, XRP fell 4.50 percent. Following a Saturday drop of 2.51%, XRP closed the week up 2.95 percent at $0.47113. Notably, XRP halted a three-week losing record, which was its longest losing streak since May's nine-week losing streak.

 

Despite a mixed opening to the day, XRP climbed to an early high of $0.49461. XRP reached a 1-hour low of $0.46763 after failing to surpass the First Major Resistance Level (R1) at $0.5056. At $0.4854 and $0.4776, XRP broke through the First Major Support Level (S1) and the Second Major Support Level (S2). However, avoiding prices below $0.46, XRP established support at $0.47113 before day's finish.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

There were no new developments in the SEC v. Ripple case for investors to ponder on Sunday.

 

With the Court accepting the SEC's request to extend the deadline for all parties to file Reply Briefs until November 30, holders of XRP risk increased uncertainty.

 

The Defendants have made significant progress, and court decisions have given them the upper hand. However, a prolonged case could give the SEC time to craft its strategy.

 

The Court will no longer accept Amicus Briefs after November 11, therefore we anticipate an increase in requests and submissions this week. However, the impact of the Amicus Briefs on XRP has been minimal. Investors must evaluate how the SEC will approach each issue and how the Court will evaluate the content.


Suggestion