Author: FX
More than $765,000 worth of nonfungible tokens has been stolen as part of a reported SIM swap attack on the GutterCatGang NFT project. The security breach was highlighted by several NFT community members at around 8 pm UTC on July 7, with GutterCatGang co-founder @GutterMitch tweeting out a warning that: “Our Twitter has been compromised please do not interact with any links.” Continue Reading on Coin Telegraph Source link
Zach Gibson/Getty Images News Dominion Energy (NYSE:D) +2.4% post-market Friday after disclosing in an 8-K filing it had entered into two separate 364-day term loan facilities of $600M each. Dominion (D) borrowed an initial $750M in total on July 7 under the facilities, which mature on July 5, 2024, according to the filing. The company said it plans to use the proceeds from the facilities to repay existing debt and for general corporate purposes. More on Dominion Energy: Source link
BalkansCat/iStock Editorial via Getty Images Bell Media, the media unit of BCE Inc (NYSE:BCE), said on Friday that it was immediately pausing its advertisements on Meta Platform’s (META) Facebook and Instagram. “Like many Canadians, we are concerned about the consequences Meta’s decision to block links from Canadian news organizations will have on Canadians…,” said Bell Media president, Wade Oosterman, in a statement. In late June, Meta had said that it planned to end access to news on Facebook and Instagram for its users in Canada, in response to the country’s Online News Act. Canada’s Online News Act requires online platforms…
Share: On Friday, the EUR/JPY found support at the 155.40 area, near the 20-day SMA and then settled at 155.80 The JPY strengthen agains most of its rivals amid strong Labor Cash Earning data from Japan. Eyes on German CPI data next Tuesday. At the end of the week, the EUR/JPY traded with losses for a fourth consecutive day, falling to 155.40 and tallying a weekly loss of 1%. In that sense, strong labour market data from Japan made the JPY gain ground agains most of its rivals, including the USD,EUR,GPB and AUD. During the early Asian Japan…
It was an unfortunate week to be a comdoll buyer as global growth concerns got mixed in with hawkish Fed expectations to create a generally risk-averse trading environment, lifting the yen to the top spot for the week. We also saw the Greenback closing the week on a sour note after the highly anticipated Non-Farm Payrolls update was arguably solid in its signal of a strong employment environment, but the net job growth number did come in below expectations. Missed the major forex headlines? Here’s what you need to know about last week’s FX scene: USD Pairs Overlay of USD…
Share: Mexican Peso recovers as weak US data sparks a sell-off, bringing USD/MXN down from a four-week high. US job growth disappoints, triggering Dollar weakness; inflation fears persist as Average Hourly Earnings rise. Mexican inflation declines for the fifth month, defying estimates; CME FedWatch Tool shows heightened odds for a Fed rate hike. The Mexican Peso (MXN) recovered some ground on Friday as soft data on the United States (US) triggered a US Dollar (USD) sell-off. Hence the USD/MXN dropped from four-week highs, trading at 17.1388, down 0.55%. USD/MXN reacts to underwhelming Nonfarm Payrolls figures and inflation concerns…
Share: US stocks slammed into the close and erode the NFP knee-jerk rally. Investors rethink the US data this week and the hawkish sentiment is a dark cloud over Wall Street. The S&P 500 (US500) index fell on Friday with weakness intensifying into the close. The US Nonfarm Payrolls data from the Labor Department, which offered a mixed view of the US job market, weighed on market sentiment later in the day. The US500 is down some 0.15% at the time of writing, falling from a high of 4,441.50 and reaching a low of 4,397.2. Nonfarm Payrolls (NFP) in the US rose 209,000 in June,…
Markets:Gold up $13 to $1924WTI crude oil up $1.86 to $73.66US 10-year yields up 2.3 bps to 4.06%S&P 500 down 0.2%JPY leads, USD lagsThe initial reaction to the non-farm payrolls report was mixed as the softer headline competed with higher-than-anticipated wage growth. The dollar fell, then recovered most of the losses.From there, the bond market took over. Yields began to fell and 2s fell back through 5%, kicking off a strong decline in the US dollar. The USD/JPY selling today was particularly notable and certainly raised some eyebrows regarding whatever the MOF or BOJ is going to deliver, but it…
Share: The EUR/GBP traded in the 0.8554-0.8521 and is set to close a 0.50% weekly loss on Friday. Lower British yields weakened the made it difficult for the Sterling to find demand. Eyes on German Inflation and British labour market data next week. On Friday, the EUR/GBP traded with losses falling to a low of 0.8521 and then settling around 0.8545. The Eurozone’s and British calendars had nothing relevant to offer, and the focus is next week’s Consumer Price Index (CPI) data from Germany and labour market data from the UK. During the session, the GBP weakened on failing British yields.…
A lack of non-U.S. top-tier economic releases sure didn’t stop traders from moving the major currencies around this week! After all, they had growth concerns on their minds in the first half of the week and then had to price in a hawkish Fed in the last few days. Not sure what I’m talking about? I can explain, but lemme show you the biggest headlines first: Notable News & Economic Updates: ? Broad Market Risk-on Arguments BOJ’s Tankan manufacturing index jumps from 1 to 5, non-manufacturing index was also higher from 20 to 23 in Q2 as raw material costs…