Category: Buyers
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Ethereum, Polygon lead charge despite decline in buyers
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The non-fungible token, or NFT, market saw a 7.68% increase in sales volume this week, reaching $109 million, with notable activity on the Ethereum (ETH) and Polygon (MATIC) blockchains. However, this rise came against the backdrop of a massive decline in the number of NFT buyers and sellers, which fell…
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USDCAD bounces higher after testing key technical support. Can the buyers keep pushing?
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The USD/CAD pair hit its lowest level since June 3 earlier today, testing the lower low at 1.35972. The 200-day moving average was just below that level at 1.35953. Today’s low was at 1.3601 as buyers/profit-takers took advantage of the swing area. The combination of US and Canadian jobs data…
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AUDUSD runs higher & is breaking out in the process. Can buyers keep the momentum going?
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The AUD/USD pair has been mostly trading between 0.6573 and 0.67134 since early May. This week, the price rose to its highest level since early January. Today, the price corrected lower to hold its old high level near 0.6708/0.6713. The price went up. Then the price corrected down to retest…
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NZDUSD trading near session highs for the week. Bias more in favor of buyers.
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As the trading week comes to a close, the NZDUSD pair is trading near its highest levels of the week. Technically, the move to the upside also broke the 100-bar moving average on the 4-hour chart at 0.61116 and the 200-bar moving average on the same chart at 0.61267. Today’s…
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June sales drop 47% but there are more buyers and sellers
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The non-fungible token (NFT) market has seen a significant decline in activity over the past month, with significant declines across various metrics. According to Crypto Slam Data: Global NFT sales volume reached $476.3 million in June, registering a 47.22% decline. The number of NFT buyers has risen to 1.259 million…
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June sales drop 47% but there are more buyers and sellers
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The non-fungible token (NFT) market has seen a significant decline in activity over the past month, with significant declines across various metrics. According to Crypto Slam Data: Global NFT sales volume reached $476.3 million in June, registering a 47.22% decline. The number of NFT buyers has risen to 1.259 million…
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AUDUSD buyers & sellers had their shot at breaking this week. Both shot and missed.
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AUDUSD started the week by testing the bottom of the swing zone (going back to early May) near 0.6579 and also the 38.2% retracement of the upward move from the April 2024 low to the May high near the same level. Sellers pushed the price below this level early on…
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Labour to Make Mortgage Guarantee Scheme Permanent for First-Time Buyers
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Labor has announced plans to permanently extend the mortgage guarantee scheme, initially introduced by the Conservatives in 2021 under then-Chancellor Rishi Sunak, if they win the next general election. The scheme, designed to support low-deposit mortgages for first-time buyers, was recently extended until July next year by current chancellor Jeremy…
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Housing market outlook: Buyers are gaining the upper hand
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The U.S. housing market is now tilted in favor of buyers, who are resisting the higher home prices demanded by sellers, according to Robert Rifkin, co-founder and CEO of Compass. Tell CNBC on Wednesday 30% of inventory on the market has seen price declines, more than at any time in…
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Exclusive-Tesla doing damage-control, discounts for European fleet buyers By Reuters
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Written by Nick Carey and Mary Manns LONDON (Reuters) – Tesla Inc (NASDAQ:) is appeasing some European leasing companies after the automaker’s repeated cuts in retail prices reduced the value of its fleets and slow service and expensive repairs alienated its corporate customers. The efforts include informal discounts on new…
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Exclusive-Tesla doing damage-control, discounts for European fleet buyers By Reuters
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Written by Nick Carey and Mary Manns LONDON (Reuters) – Tesla Inc (NASDAQ:) is appeasing some European leasing companies after the automaker’s repeated cuts in retail prices reduced the value of its fleets and slow service and expensive repairs alienated its corporate customers. The efforts include informal discounts on new…
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USD/JPY buyers face ‘treacherous’ path ahead as Japan likely to intervene again By Investing.com
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Investing.com – The bet on the dollar against the yen has been a hot forex trade that has dominated flows, but the trade could now head down a “treacherous” path ahead, Macquarie warns, with Japan likely to follow suit. Last week’s intervention that sent the Japanese currency higher amid revived…
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USD/JPY sits just under 158 as dip buyers settle down for now
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USD/JPY daily chart In European trading yesterday, the pair found itself settling below the 157 level here. This before the reaction to the US data helped push the pair above the figure level. This brings us to the present. Price action is now finding a new number level to settle…