Author: FX
Bitcoin (BTC), Ethereum (ETH) Prices, Charts, and Analysis:A decision on spot Bitcoin ETFs is pushed back to mid-October by the SEC.Bitcoin gives back all of this week’s bullish run-up.Bitcoin gave back nearly all of Tuesday’s rally on Thursday after the Securities and Exchange Commission (SEC) delayed making any decision on a raft of Bitcoin ETF applications. The SEC has now pushed back the latest deadline until mid-October. While this outcome was expected, a degree of hope had been building in the cryptocurrency market that a spot Bitcoin ETF would soon be announced. On Tuesday, the US Court of Appeal said…
> France August final manufacturing PMI 46.0 vs 46.4 prelim Latest data released by HCOB – 1 September 2023 Justin Low Friday, 01/09/2023 | 07:50 GMT-0 01/09/2023 | 07:50 GMT-0 ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
Share: Citing four people familiar with the matter, Reuters reported on Friday that China is likely to step up action to revive the country’s property sector. Key takeaways China property revival proposals include relaxing home-purchase curbs. China property revival proposals include removing price caps on new homes. The plan is to act as existing policies failed to sustain a sector rebound earlier this year. Source link
Let’s start this brand new trading month with a look at this steady downtrend on gold prices. Can resistance hold again? On its 4-hour time frame, you can see that the precious metal is testing the descending trend line that’s been holding since mid-June. Gold (XAU/USD) 4-hour Chart by TV Now this potential ceiling lines up with the 61.8% Fibonacci retracement level and the $1,950 minor psychological mark, so gold bears might be hanging out right here. If the ceiling holds, watch out for a continuation of the downtrend back to the swing low at $1,885 or lower. After all,…
China's factory activity unexpectedly expands to 51.0 in August amid efforts from Beijing Source link
2/2 © Reuters. A girl reads a book at a bookstore, which windows are taped in anticipation of typhoon Saola in Hong Kong, China August 31, 2023. REUTERS/Tyrone Siu 2/2 HONG KONG (Reuters) -Hong Kong braced for the arrival of Super Typhoon Saola on Friday as authorities raised the strong wind signal to No.8, bringing the city to a standstill with most businesses, schools and the stock exchange shut. Three tropical cyclones have formed in the northwest Pacific Ocean and South China Sea (NYSE:), with Saola and Haikui already labelled typhoons while Kirogi, the most distant from land, still classified…
News is here:People’s Bank of China to cut FX RRR from 6% to 4% from September 15More in that post but the effect, in brief, is a supportive move for the yuan. CNH, AUD, NZD and yen all caught a bid. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Crude Oil, WTI, Brent, Russia, OPEC+, China, India, EIA, API, OVX, NFP – Talking PointsCrude oil jumped over hurdles overnight on possible Russian output cutsStockpiles in the US continue to paint a picture of solid demand thereThe oil market structure might be supportive of it. Will WTI make a new high? Recommended by Daniel McCarthy Understanding the Core Fundamentals of Oil Trading The crude oil price climbed higher going into Friday’s trading session after reports emerged that Russia would extend cuts to production and inventory data revealed another drop in stockpiles.It is being reported overnight that Russia will announce new…
Share: A slew of China banks cut interest rates on Yuan deposits early Friday while citing the readiness to ease the pressure from lower mortgage rates, per Reuters. Among them, ICBC, China Industrial Bank, Agricultural Bank of China and Bank of China (BoC) gained major attention. That said, the ICBC and BOC reduced the one-year Yuan deposit rate by 10 basis points (bps) to 1.55% and cut the two-year rate by 20 bps to 1.85% start from September 01. Furthermore, the Three- and five-year deposit rates were cut by 25 bps. “Some state-owned banks are expected to soon…
strelov/iStock via Getty Images Bernstein said in a note that a reclassification of cannabis by the US government from a Schedule I to a less risky Schedule III drug is not the preferred outcome for many cannabis producers and investors. While the classification would loosen some restrictions on cannabis sales, a Schedule III designation would still mean it was a controlled substance. The designation would also mean cannabis would be viewed more as a medical product and could prevent it from being treated as consumer packaged goods, which would limit its addressable market, the investment bank said. “Many cannabis producers,…