EUR/USD 1.16458
0.225%
Gold 3377.40
0.351%
Oil 63.567
-1.591%
USD/JPY 147.531
-0.143%
GBP/USD 1.34839
0.232%
GBP/JPY 198.934
0.103%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 26, Canada planned to begin negotiations to supply liquefied natural gas (LNG) to German buyers to meet growing demand from the European Union. LNG was one of the topics discussed during Tuesdays meeting between Canadian Prime Minister Mark Carney and German Chancellor Angela Merz in Berlin. In addition to announcing a critical minerals partnership and revealing that German companies have emerged as two preferred bidders for Canadas lucrative submarine contract, Canada also highlighted the potential for LNG exports to Europes largest economy. The Carney government issued a press release stating that the energy partnership established between Canada and Germany lays the foundation for deepening bilateral cooperation in the LNG sector. According to Ottawa government officials, Canada received consistent signals of demand for increased LNG production from Germany and other EU countries during the previous Trudeau administration.According to Reuters calculations on August 26, Ukraines attacks have disrupted at least 17% of Russias refining capacity. Ukraine recently attacked 10 Russian refineries, disrupting 1.1 million barrels per day (bpd) of Russian production capacity. This comes at a time when seasonal demand for gasoline from Russian tourists and farmers is peaking. Gasoline shortages are occurring in Russian-controlled areas of Ukraine, southern Russia, and even parts of the Far East, forcing drivers to use more expensive fuel due to the scarcity of standard A-95 gasoline.Eli Lilly (LLY.N)s pre-market gains in the U.S. market expanded to 2.8% at one point.Truist Securities: Upgraded AMD (AMD.O) rating from "hold" to "buy"; raised target price from $173 to $213.Eli Lilly (LLY.N) shares rose about 1% in pre-market trading.

Investor Hope for a Favorable Court Ruling Delivers XRP Price Support

Alice Wang

Aug 16, 2022 14:49

微信截图_20220816144236.png


XRP decreased on Monday by 0.13%. XRP fell by 0.63% on Sunday and finished the day at $0.3751.


As the day got off to a bullish start, XRP climbed to an early high of $0.3848. XRP declined to a low point in the late morning of $0.3660 after failing to surpass the First Major Resistance Level (R1) at $0.3871.


Before recovering in the late afternoon to close the day at $0.3751, XRP breached the First Major Support Level (S1) at $0.3690.


Updates on the current SEC v. Ripple lawsuit offered little assistance, while Chinese economic indices led to another session of declines.

Ripple momentum prior to the Hinman Docs Court Decision

In the continuing dispute with the SEC, Ripple obtained another victory. Judge Netburn granted Ripple's request on Monday for non-party subpoenas to be issued in order to verify seven recordings of public statements made by SEC officials.


Despite the fact that Bill Hinman was a former SEC Director, the SEC has yet to confirm or deny if he is the person in the video. The seven films in question include Bill Hinman's comments.


If it is confirmed that one of the seven is Bill Hinman, the Ripple defense team may have another avenue to attack Hinman and his 2018 address, which is now the focus of the case. Bitcoin (BTC) and Ethereum (ETH), according to the former SEC Director of the Division of Corporation Finance, are not securities.


Even though Ripple won, the decision had had a little effect on the price of XRP as investors awaited a more significant decision.


The SEC objected to a July Court decision that rejected its effort to rely on the attorney-client privilege to protect records relating to the William Hinman speech. The SEC objected on July 23, so a ruling might happen at any moment.

Suggestion