Author: FX

Lawmakers with the United States House Financial Services Committee and House Agriculture Committee have released a draft discussion offering certain crypto assets a pathway to being labeled digital commodities. According to a discussion draft published on June 2, lawmakers proposed “establishing a functional framework” aimed at providing regulatory clarity for crypto firms in the United States. The draft bill would prohibit the U.S. Securities and Exchange Commission (SEC) from denying digital asset trading platforms from registering as a regulated alternative trading system and allow such firms to offer “digital commodities and payment stablecoins.” Continue Reading on Coin Telegraph Source link

Mallinckrodt to consider filing for bankruptcy again – WSJ Source link

GOLD PRICE OUTLOOK:Gold prices fail to mount recovery as bond yields resume their reboundStrong U.S. economic data may nudge the Fed to continue hiking rates during the second half of the year, even if policymakers hit the pause button temporarilyThis article looks at key XAU/USD’s levels to watch in the week ahead Recommended by Diego Colman Get Your Free Gold Forecast Most Read: Gold Price Recovery Runs Out of Steam as Red-Hot US Jobs Data Boosts YieldsGold prices (XAU/USD) have undergone a large downward correction from its May highs around $2,070, down nearly 6% from those peak levels in a…

U.S. real estate investors drew back on home purchases in Q1 by 48.6%, real estate brokerage Redfin (NASDAQ:RDFN) reported this past week, marking the biggest year-over-year drop since 2000. The slump, which outpaced the 40.7% decline in overall home purchases in the 40 metro areas tracked by Redfin, comes as it’s become harder for investors to reap profits given elevated interest rates along with slowing rent growth and declining home prices. Another reason for the dramatic annual decline is investor home purchases in Q1 2022 were near record highs. On a Q/Q basis, investor purchases fell 15.9% compared with the…

© Reuters. FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid By Dawn Chmielewski (Reuters) -Walt Disney ‘s Pixar Animation Studios has eliminated 75 positions including those of two executives behind box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a decade. The cuts included “Lightyear” director Angus MacLane, a 26-year animator who was part of the senior creative team on such acclaimed films as “Toy…

Greg Michalowski of Forexlive.com takes a deep into the technicals defining the bias, risk and key targets for the EURUSD heading into the new trading week starting June 5, 2023. In the report, he looks at the daily chart and then drills into the hourly chart.Get your week started on the right foot by understanding what levels are key and in play for the EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how…

The buyers in the NZDUSD NZD/USD Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure into a commodity currency, i.e. the NZD, which helps capture risk appetite for forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair…

The GBPUSD fell on Friday into support. What next as traders prepare for the new trading week? The GBPUSD GBP/USD The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange…

CharlieAJA The end of the earnings season is on the horizon, but there are still several notable companies scheduled to release their reports in the upcoming weeks. These reports carry significant implications for sectors such as energy, software, retail, autos and more. In the upcoming week, a range of prominent companies, including Dave & Buster’s Entertainment (NASDAQ:PLAY), NIO Inc. (NYSE:NIO), DocuSign (NASDAQ:DOCU), GameStop (NYSE:GME) and FuelCell (NASDAQ:FCEL), are scheduled to release their quarterly earnings reports. These earnings announcements are highly anticipated and will be closely monitored. Additionally, the week will also feature earnings results from Campbell Soup (NYSE:CPB), Trip.com Group…

Venture capital firm the Digital Currency Group (DCG) and its CEO, Barry Silbert, have requested to consolidate two class-action lawsuits over alleged losses during the crypto winter. In a letter sent to United States District Judge Stefan Underhill in Connecticut, the defendants argued that both cases “arise from the same facts, present overlapping legal issues and propose nearly identical class definitions.” Continue Reading on Coin Telegraph Source link