On Wednesday 7 August 2024, Judge Analisa Torres ruled that Ripple must pay $125m in civil penalties and banned it from future transgressions of US securities regulations. The US Securities and Exchange Commission (SEC) brought the case against the blockchain-oriented digital payment network back in November 2020. The financial watchdog claimed that Ripple had performed…
2024.08.09 2024.08.09 Franc Set for Landing. Forecast as of 09.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Mass closing of carry trades pushed the USDCHF pair 7% down from July peaks. The Swiss franc copied the Japanese yen, albeit on a smaller scale. Let’s discuss it and make a trading plan. The article covers the following subjects: Highlights and key…
Investors worriedly eyed global stock markets as the dive in tech stocks on Monday 5 August 2024 impacted indices. Although India’s stock market tripped, it reflected a respectable recovery on Wednesday 7 August 2024, when both the country’s leading indices ended the day with gains. The Sensex closed Wednesday trading up 1.11% and the Nifty…
2024.08.09 2024.08.09 EURUSD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0771 with a growth target of 1.1141 – 1.1273. A buy signal: after the price returns above 1.0771. Stop Loss:…
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The GBP/USD pair is currently facing a crucial resistance level at the falling trend line on the 4-hour chart. This resistance could determine the pair’s short-term direction and potentially signal a bullish reversal. Key Levels to Watch Resistance: Falling trend line on the 4-hour chart Break above the trend line could trigger further upside Next…
Tamadoge Price Prediction – August 9 Lesser active breathing of price movements has persistently prevailing in the way that both buyer and seller in the market operations of TAMA/USD over some times back now, as the crypto’s price trades lowly around $0.002 and holds spikes. The exchange lines of today seem to have followed the…
Gold and the USD are often intertwined. Amid the recent drama surrounding the US Federal Reserve and its indecisiveness regarding interest rate cuts, this topic is more poignant and relevant than ever. This saga provides the perfect segue to the upcoming Finance Magnates Pacific Summit (FMPS), taking place in just a few weeks on August…