The post Ripple vs. SEC: Judge Netburn Advances XRP Lawsuit with New Scheduling Order appeared first on Coinpedia Fintech NewsMagistrate Judge Sarah Netburn has issued a new scheduling order in the years-long legal battle between Ripple Labs and the United States Coinpedia Fintech News. Coinpedia Fintech News recent nomination as District Judge in the Southern District of New York has not impacted her role in the Coinpedia Fintech News case, where she has continued to preside with a reputation for fair rulings. This is viewed as a positive sign by the crypto community, considering her history of rulings in this case. SEC’s Last Dat...
Image source: Pixabay GBP/JPY advances to 196.00 amid uncertainty over BoJ’s interest rate outlook. The BoJ sees inflation rising in the coming years but has projected weak economic growth. UK’s firm Services PMI has deepened fears of persistent inflationary pressures. The GBP/JPY pair extends its winning streak for the fourth trading session on Friday and rises to a historic high of 196.00. The cross strengthens after the interest rate decision from the Bank of Japan (BoJ) came in-line with market expectations.The BoJ kept interest rates steady in the range of 0%- 0.01%. The monetary policy statement indicated that the central ...
The fact that we have been repelled at a major round figure does suggest that perhaps we will continue to see pretty pound weakness, or perhaps more importantly, US dollar strength. We have been in a downtrend for a while so if this does track correctly, but at this point I think the one thing you can probably count on is a lot of volatility. Underneath, we have the 1.24 level, which is a large, round, psychologically significant figure that people have pay close attention to previously. False Breakout?There is potential that we have just seen a false breakout in the GBP/USD pair but and it’s a little early to call for the. We will h...
EUR/USD trades in the 1.0740s on Friday, ahead of key data out of the US in the form of the March core Personal Consumption Expenditures Price Index (PCE), the US Federal Reserve’s (Fed) preferred gauge of inflation. The pair lost ground on Thursday after the release of the Q1 US GDP report but has since recovered and resumed its short-term uptrend.The core PCE data, which is released by the US Bureau of Economic Analysis (BEA) at 12:30 GMT, could alter market perceptions about the timing of Fed interest-rate cuts with implications for EUR/USD. EUR/USD recovers from post-GDP data declineEUR/USD has recovered back up to the 1.0730s aft...
Gold chart analysisThe price of gold is recovering after falling to the $2291 level on Tuesday. The growing bullish consolidation managed to climb the euro to the $2350 level today. We have crossed the EMA200 moving average and have its support. We hope that this trend will continue and that the price of gold will rise to higher levels.Potential higher targets are $2360 and $2370 levels. We need a negative consolidation and pullback below the EMA200 and $2340 levels for a bearish option. This would only increase the bearish pressure on the price, which would negatively result in a further pullback to the bearish side. Potential lower target...
Image Source: Pexels US GDP Misses MarkThe US Dollar continues to soften on Friday as traders digest a weaker-than-forecast advanced GDP print yesterday. The first look at Q1 GDP came in at 1.6%, down from the prior quarter’s 3.4% and well below the 2.5% the market was looking for. At this level GDP growth in the US has fallen back to its lowest levels since early 2022. Looking at the breakdown of the data, consumer spending weakened sharply via a drop in goods consumption. Government spending was much weaker with exports down also. Non-residential investment was also seen falling. Data Weakness ShowingWhile the data does little to b...
Image Source: Pexels GDP comes in the worst in two years because prices shot up again, therefore the term “stagflation” is going to be everywhere. Which prices changed actually makes a huge difference given the fact those particular prices are more likely to help the US economy get back to its depression tendencies. And on that count, we have irrefutable proof from oil, gasoline, and energy.Video Length: 00:17:06More By This Author:The Government Spent $11 Trillion Fed’s Financial Stability Report Dropped (What You Need To Know)New Housing Data Down 15% In One Month...
China is currently trying to slow down the gold-buying craze: The Shanghai Gold Exchange (SGE) raised margins on its futures contracts and drastically limited the number of contracts per participant after the close of trading last Friday, forcing the liquidation of many long speculators.This decision appears to be coordinated with the COMEX’s second margin hike. China clearly has no interest in letting the gold prices increase too quickly.The impact was immediate: gold and silver fell considerably in the space of 48 hours, and this time the declines are also occurring in Asia while London is closed.After peaking at $2,500 in Shangh...
Image Source: Pexels PayPal’s share price is stuck at the 200-day moving average. It has also formed an inverse head and shoulders pattern. The company’s revenues are expected to come in at $7 billion. PayPal (Nasdaq: PYPL) stock price is at a crossroads ahead of the upcoming financial results. It has risen slightly by about 4.3% this year and dropped by over 10.7% in the past 12 months. Worse, the stock has crashed by over 41% in the past five years.In contrast, the S&P 500 index has risen by over 72% in the past five years while the Nasdaq 100 is up by 122% in the same period. Long-term investors have lost a fortune since 2021. $...
Image Source: Unsplash Asian equities saw gains today following strong US tech earnings, rebounding from yesterday’s sell-off in both US equities and bonds triggered by Q1 GDP data showing slower growth and stronger inflation than anticipated. Overnight, the Bank of Japan kept short-term interest rates unchanged, as expected, maintaining them in the 0%-0.1% range after shifting them out of negative territory last month.UK GfK consumer confidence for April was released earlier, with the headline index rising to -19 from -21, slightly surpassing forecasts. This uptrend over the past year suggests modest improvements in consumer fundame...