Author: FX
layer-2 scaling solution zkSync Era has launched a new Scalable Transparent Argument of Knowledge (STARK)-based proof system called Boojum that promises to run on consumer-grade general processing units (GPUs). ZkSync Era is one of a handful of Ethereum scaling protocols using zero-knowledge rollups (ZK-rollups) to increase capacity and speed while reducing fees. ZK-rollups mostly use two prominent proof systems: zk-STARKs and Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs).Continue Reading on Coin Telegraph Source link
In trading, it is very easy to get lost in the game. You get on your trading platform, try to get some pips, and in the process, you usually forget the most basic risk management practices. Here are five everyday habits that might help in limiting your risk exposure. 1. Double, triple, and even quadruple-check your orders Electronic trading has made it very easy for traders to execute trades. However, because of the ease and simplicity of electronic online trading, the chances of erroneous commands also rise significantly. Having a well-thought-out trading plan would be useless if you do not correctly input your…
Artificial Intelligence Artificial Intelligence Artificial Intelligence (AI) is defined as the automation of robotics and its influence and/or adoption within existing technologies.In recent decades, the evolution of technology has quickly since led to the gradual adoption of AI in several aspects of our lives, including investing or trading.One of the most pertinent is its impact in the financial services industry, which provides a wide range of possibilities.How Can AI Change the World?Perhaps more so than any other technology, AI has the p Artificial Intelligence (AI) is defined as the automation of robotics and its influence and/or adoption within existing technologies.In…
Share: CEE FX showed a strong rally last week. Economists at ING expect the same story this week. Global conditions boost the region The region should still benefit today from EUR/USD’s move higher late last week. Sentiment remains open to risk and the renewed fall in gas prices to the lowest levels since early June is playing into the hands of the HUF in particular. The calendar in the region has little to offer and so the main focus will be on the global story. Overall, we expect further gains across the region albeit at a slower pace.…
OIL PRICE FORECAST: Recommended by Zain Vawda Q3 Forecast on Oil Prices Available Now Most Read: What is OPEC and What is Their Role in Global Markets?Oil prices finished last week on the back foot and that trend seems to have continued into the new week. A gap down in price over the weekend with further selling pressure following the Asian Open leaving WTI and Brent down 1.17% and 1.12% respectively.CHINESE DATA AND US DOLLARLast week’s risk-on rally was halted on Friday as strong consumer confidence data from the US reignited some concern that it may be too early to…
AUD/USD is falling sharply after getting rejected at the .6900 resistance! Are we looking at a reversal? Or are AUD bulls just taking a breather? AUD/USD 1-Hour Forex Chart by TV As you can see, there were enough bears at the .6900 psychological handle to prevent AUD/USD bulls from extending a sharp July upswing. The pair is now trading just above .6800, which is right around a 38.2% Fibonacci retracement and the Pivot Point level (.6780) on the 1-hour time frame. Are we looking at a pullback? Or is AUD/USD ready for a reversal? Given how the markets reacted to…
Nikada Japan markets closed. China -1.06%. China’s GDP grew lower than expected to 6.3% in the second quarter China’s industrial output growth of 4.4% beats estimates; retail sales up 3.1% People’s Bank of China set MLF rate at unchanged 2.65%, as expected. New home prices unchanged in June, weakest result this year Hong Kong markets closed. Hong Kong markets will likely be closed all Monday due to a warning issued for Typhoon Talim. Australia -0.06%. India +0.25%. Singapore’s non-oil domestic exports in June were+5.4% m/m (+5.9% expected). New Zealand data: June services PMI 50.1 (prior 53.3). In the U.S. on…
© Reuters. FILE PHOTO: South African President Cyril Ramaphosa (not pictured) and Singapore Prime Minister Lee Hsien Loong attend a media briefing and signing ceremony at Tuynhuys to strengthen the bilateral relationship between the two countries in Cape Town, South By Xinghui Kok SINGAPORE (Reuters) – Two of Singapore’s ruling party lawmakers including the house speaker have resigned, Prime Minister Lee Hsien Loong said on Monday, calling the moves necessary to uphold the party’s standards. Resignations of senior People’s Action Party (PAP) members are rare in Singapore, where the party has been in power since 1959, before the city-state’s independence…
This week is filled to the brim with top-tier data releases, so make sure you’ve prepped for these potential profit opportunities! Not only does China have its quarterly GDP and retail sales data due, but we’ve also got inflation and consumer spending reports lined up from major economies. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: China’s data dump Things are off to an exciting start, as the Chinese Q2 GDP is up for…
Forex news for Asian trading on Monday, 17 July 2023 Goldman Sachs expects the Bank of England to hike by 50bp at its August meetingChina Q2 GDP +0.8% q/q (expected 0.5%)China June: Retail sales +3.1% y/y (expected 3.2%) Industrial output +4.4% y/y (exp 2.7%)Hong Kong exchange has cancelled all Monday trading due to TyphoonPeople’s Bank of China set MLF rate at unchanged 2.65%, as expectedPBOC sets USD/ CNY mid-point today at 7.1326 (vs. estimate at 7.1386)ICYMI – BlackRock CEO Fink said US inflation likely to be sticky now, stay above 2% targetThe goldilocks price for oil is around US$70 per…