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Australia’s Largest Stock Exchange Approves It’s Second Bitcoin ETF
The Australian Securities Exchange (ASX), Australia’s leading stock exchange, has approved the listing of the second Bitcoin exchange-traded fund (ETF) on its platform. BREAKING: ?? Australia’s largest stock exchange has approved its second offering #Bitcoin Exchange traded fund. pic.twitter.com/SY5vIGEm4a — Bitcoin Magazine (@BitcoinMagazine) July 9, 2024 On July 9, the…
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Moody’s downgrades Kenya after rejection of Ruto’s Finance Bill 2024
Global rating agency Moody’s on Tuesday downgraded Kenya’s credit rating, citing the country’s inability to implement austerity measures due to the withdrawal of the unpopular Finance Bill 2024. The downgrade means Kenya’s local and foreign currency debt obligations have moved further into junk territory, from ‘B3’ to ‘Caa1’. A junk…
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NZDUSD Technical Analysis – A look at the chart ahead of the RBNZ decision
Basic Overview The US dollar has been broadly weaker since last Friday following the weak US non-farm payrolls report. The data showed further slowdown in the labor market with the unemployment rate rising and wage growth declining. Basically we have an economy that is slowing but still growing. We will…
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Analyst Predicts XRP Crash To $0.07 Amid Triangle Breakdown
Cryptocurrency analyst @Ripple_Effect11 is predicting an imminent XRP price crash in a new technical analysis shared via X. His prediction is based on a bearish breakout from a major triangle pattern that has been forming since the all-time high of $3.84 on January 4, 2018. The analysis paints a bleak…
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Amazon’s Coventry workers vote in historic union ballot
Amazon workers at its Coventry warehouse have begun voting in a historic referendum to recognise their union, which could give them collective bargaining rights on pay and working conditions for the first time in the UK. More than 3,000 employees at the West Midlands hub are taking part in the…
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Greenbrier posts record earnings and robust order backlog By Investing.com
The Greenbrier Companies (NYSE:) have announced their highest earnings per share (EPS) and EBITDA in over four and a half years, marking a significant rebound since the pre-pandemic era. In the third quarter of fiscal 2024, the company achieved over $820 million in revenue and reported a gross margin of…
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Dollar gains ahead of Powell testimony; euro stabilizes By Investing.com
The U.S. dollar rose in early European trading on Tuesday, recovering from a one-month low ahead of Federal Reserve Chairman Jerome Powell’s Senate testimony, while the euro held firm amid a volatile French political climate. At 04:45 ET (08:45 GMT), the dollar index, which tracks the greenback against a basket…
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Bitcoin Solidifies at $57K While Solana (SOL) Explodes 8% Daily: Market Watch
It was a positive day for the cryptocurrency market last week. The total market cap rose above $2.2 trillion as several coins rebounded sharply from yesterday’s lows. Bitcoin price appears to be stable, but it is important to take this calm with a grain of salt as sentiment remains uncertain.…
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Bitcoin Solidifies at $57K While Solana (SOL) Explodes 8% Daily: Market Watch
It was a positive day for the cryptocurrency market last week. The total market cap rose above $2.2 trillion as several coins rebounded sharply from yesterday’s lows. Bitcoin price appears to be stable, but it is important to take this calm with a grain of salt as sentiment remains uncertain.…
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Jerusalem light rail delays pile up
Delays are piling up in the expansion of Jerusalem’s light rail system. Globes has learned that the Green Line between Mount Scopus and Gilo, which was scheduled to open next year, will now not open until March 2026. And the Red Line extension, originally scheduled to open in July 2023,…
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Chart Art: Trend Retracement Opportunity For WTI Crude Oil (USOIL)
Earlier this week, US crude oil prices fell from the $84.40 area for the second time this month. Are Oil Prices Heading Down? Or Are Bulls Taking a Break? Crude Oil WTI (USOIL) 4 hours Chart by TradingView As we mentioned today Daily Market SummaryCommodities such as crude oil have…
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GOP’s Vision For 2024: Bitcoin Mining And Self-Custody As Catalysts For US Economy
In a major shift led by Republican lawmakers in the United States, led by former President Donald Trump, Pro-crypto stanceThere is growing support for Bitcoin (BTC) adoption. On Monday, a committee of the Republican National Committee approved a draft of the party’s 2024 platform that includes strong support for the…
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Oil prices hold steady as concerns over hurricane damage ease By Reuters
By Colleen Howe and Trixie Yap (Reuters) – Oil prices were little changed on Tuesday after a hurricane that hit a major U.S. oil production hub in Texas caused less damage than markets had expected, easing concerns about supply disruptions. Brent crude futures rose four cents to $85.79 a barrel…
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FX option expiries for 9 July 10am New York cut
There are only two things to really pay attention to on this day, as shown in: wide. Both for EUR/USD are at the 1.0800 and 1.0875 levels. The first level is said to be the most interesting, as it aligns with the major daily moving averages. The technical significance there…
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SOL Bulls Optimistic With Positive Indicators
Ayush Jindal, one of the most prominent figures in the world of financial markets, has over 15 years of experience in Forex and cryptocurrency trading. Known for his unparalleled proficiency in providing technical analysis, Ayush is a trusted advisor and market expert to investors across the globe, guiding them through…
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Nvidia is poised to surge another 16% as signs point to ‘exceedingly robust’ demand for its next-gen Blackwell chip, UBS says
Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/PI Nvidia’s stunning stock rally could continue to $150 per share, UBS said. Recent supply chain checks show “very strong” demand for Nvidia’s next-generation chips, the bank said. Nvidia’s potential EPS of $5 in 2025 would give it a valuation…
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Honda to end vehicle production at one of its Thai auto plants By Reuters
TOKYO (Reuters) – Honda The Japanese automaker said Tuesday it will stop vehicle production at its plant in Thailand’s Ayutthaya province by 2025 as it plans to consolidate production at the plant it operates in Prachinburi province. The move highlights the increasingly difficult conditions facing Japan’s second-largest automaker in the…
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Dubai Customs launches new blockchain technology to boost trade transparency
Dubai Customs has launched an advanced blockchain platform with the aim of improving transparency and efficiency in trade operations within Dubai and other countries. The new blockchain platform will enhance Dubai’s business environment by improving supply chain efficiency and contribute to the UAE’s efforts to boost non-oil trade. It is…