EUR/USD 1.16321
-0.008%
Gold 4523.20
0.081%
Oil 59.108
0.404%
USD/JPY 158.010
-0.022%
GBP/USD 1.33965
0.016%
GBP/JPY 211.636
0.017%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Microsoft (MSFT.O): Claude in Microsoft Foundry enhances its capabilities for healthcare and life sciences customers.1. The Russian Ministry of Defense says it has taken control of Belogorye in the Zaporizhzhia region. 2. According to TASS: Russian troops attacked a Ukrainian defense company and energy facilities. 3. The Ukrainian military says it struck three Lukoil oil rigs in the Caspian Sea. 4. Russian Foreign Ministry spokeswoman Maria Zakharova says Ukraine carried out terrorist attacks on civilians in several regions of the Russian Federation on January 10. 5. The Hungarian Foreign Minister says the deployment of British and French troops to Ukraine will endanger Hungary. 6. The British Ministry of Defence says it is developing a new missile, "Nightfall," with a range exceeding 500 kilometers for Kyiv.On January 12th, the Israeli Prime Ministers Office announced via social media that Prime Minister Benjamin Netanyahu stated at the start of his weekly government meeting that Israel is closely monitoring the situation in Iran. That afternoon, Netanyahu convened consultations with his senior advisors and several ministers on security issues. The Israeli security cabinet is scheduled to hold a plenary meeting on the 13th.January 12th - Bond investors overall bets on the Federal Reserves policy path and the direction of the US Treasury market in 2026 appear to have room for further expansion. Last Fridays non-farm payroll report showed weaker-than-expected job growth, maintaining market expectations for further Fed rate cuts. This result confirms market expectations that short-term Treasury bonds (most sensitive to monetary policy) will outperform long-term Treasury bonds this year, widening the yield spread between the two. This strategy, known as the "steepening trade," was one of the most popular bond trades for most of last year and continues to work at the start of 2026. Pramod Atrouli, fixed-income portfolio manager at Capital Group, stated, "There are many scenarios over the next 12 to 24 months that are very favorable for the yield curve steepening trade." An analysis of 25 of the largest actively managed core bond funds by JPMorgan shows that, historically, these funds still have a high exposure to this trade.According to Iranian state media, Iran summoned the British ambassador after protesters tore down the Iranian flag from the Iranian embassy building in London.

XRP Must Return to $0.48 to Challenge the Bulls at $0.50

Daniel Rogers

Nov 07, 2022 17:49

 截屏2022-11-07 下午5.46.11.png

 

On Sunday, XRP fell 4.50 percent. Following a Saturday drop of 2.51%, XRP closed the week up 2.95 percent at $0.47113. Bearish mood from the crypto market as a whole weighed as investors secured profits before a busy week. Technical indications are optimistic, with XRP trading above the 100-day exponential moving average (EMA), indicating a rebound to sub-$0.50.

 

On Sunday, XRP fell 4.50 percent. Following a Saturday drop of 2.51%, XRP closed the week up 2.95 percent at $0.47113. Notably, XRP halted a three-week losing record, which was its longest losing streak since May's nine-week losing streak.

 

Despite a mixed opening to the day, XRP climbed to an early high of $0.49461. XRP reached a 1-hour low of $0.46763 after failing to surpass the First Major Resistance Level (R1) at $0.5056. At $0.4854 and $0.4776, XRP broke through the First Major Support Level (S1) and the Second Major Support Level (S2). However, avoiding prices below $0.46, XRP established support at $0.47113 before day's finish.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

There were no new developments in the SEC v. Ripple case for investors to ponder on Sunday.

 

With the Court accepting the SEC's request to extend the deadline for all parties to file Reply Briefs until November 30, holders of XRP risk increased uncertainty.

 

The Defendants have made significant progress, and court decisions have given them the upper hand. However, a prolonged case could give the SEC time to craft its strategy.

 

The Court will no longer accept Amicus Briefs after November 11, therefore we anticipate an increase in requests and submissions this week. However, the impact of the Amicus Briefs on XRP has been minimal. Investors must evaluate how the SEC will approach each issue and how the Court will evaluate the content.


Suggestion