What Recent US Crypto Market Exits Mean for Users

[ad_1] While Bitcoin seems to be on the road to recovery, the last few months have not been great for the crypto industry in the United States. It has been revealed that Binance, one of the biggest exchanges in the world, considered shutting its doors in the country. This also comes as popular UK digital

Oil is back above the April high. Watch the close

[ad_1] WTI crude oil daily chart Oil will be an interesting spot to watch as it fights for a sixth straight week of gains. It’s currently trading at $83.69, which is up 80 cents but more importantly is above the April high of $83.53. A close above that level The driver at the moment appears

EUR/USD faces downward pressures below 1.1000 after a solid US PPI report

[ad_1] Share: EUR/USD experienced losses during Friday’s North American session, reaching 1.0975 from a daily high of 1.1000. US Department of Labor report indicated Producer Price Index (PPI) growth of 0.3% MoM, exceeding expectations, with annual PPI at 0.8%. Core PPI rose by 0.3% MoM. University of Michigan’s survey displayed a slight drop

Newsquawk week ahead: US and UK retail sales along with the RBNZ announcement

[ad_1] MON: N/A TUE: PBoC MLF, RBA Minutes, Japanese Prelim. GDP (Q2), Australian Wage Price Index (Q2), Chinese Industrial Output and Retail Sales (Jul), Japanese Industrial Output (Jul), UK Jobs Report (Jun/Jul), German ZEW Survey (Aug), US Retail Sales (Jul), Canadian CPI (Jul) WED: RBNZ Announcement, FOMC Minutes, UK Inflation (Jul), EZ GDP and Employment

USD/CAD loses ground after hot PPI data from the US

[ad_1] Share: USD/CAD bulls got rejected at the 200-day SMA and retreated near the 1.3420 area, still poised for a weekly gain US PPI rose to 2.4% YoY in July, higher than expected. Higher Oil prices help the CAD trade strong against most of its rivals. At the end of the week, the

Baker Hughes week US oil rig count unchanged

[ad_1] 525 oil rigs vs 525 previously Natural gas rigs 123 vs 128 prior Oil rigs have been steadily falling this year but US fields have kept up productivity by tapping DUCs. I don’t know how much longer that can last. Gas prices have struggled but there was talk we would be under $1 by