Josh Gerben, a trademark attorney with Gerben Intellectual Property, has suggested the company formerly known as Twitter could spend upwards of $100 million in dealing with litigation as a result of the X rebranding. In a July 25 X thread, Gerben predicted that lawsuits against X related to trademark infringement could appear in United States
The Australian CPI data for the quarter will be released in the new trading day rotations of a move down to 1.0% from 1.4% last quarter. The year-on-year CPI level still remains comfortably above the inflation targets (at 5.4%). Technically, the price of the AUDUSD has rebounded today after testing its 200-day moving average both
The GBPUSD started the session lower and below the 50% midpoint of the range since the June 29 low at 1.2866. That level was also close to the falling 100-hour MA. The dual levels increased that levels importance. In the US afternoon session, the price moved above that level at 1.2866 and the price shot
Gold prices struggled for direction in early Asian trading on Tuesday as traders braced for a widely anticipated rate hike along with monetary policy clues from the U.S. Federal Reserve over the next two days. FUNDAMENTALS * Spot gold rose 0.2% to $1,958.20 per ounce by 0119 GMT, while U.S. gold futures fell 0.1% to
Euro falls broadly today following release of weaker than expected German Ifo business climate data, although losses remain somewhat contained for the moment. It appears traders are holding their bets in anticipation of the upcoming FOMC and ECB rate decisions. Further, with July drawing to a close and the markets in a characteristic summer lull,
Share: Sterling moved out of consolidation in the later part of the New York morning and is finding demand at a daily support area on the charts. However, at 1.1900, the pair is remaining precariously close to recent trend lows ahead of Wednesday’s expected Fed 25bp hike. Read More… The Pound Sterling (GBP) struggles to
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, CEO, Alphabet Inc., during the Google I/O developers conference in Mountain View, California, May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet will report second-quarter earnings after the close of regular trading on Tuesday. Here’s what Wall Street is expecting:
The miss in the US CPI report caused a big selloff in the US Dollar across the board as the market’s expectations leant on the less hawkish side. The US data though kept on surprising to the upside with the US Retail Sales Control Group beating expectations by a big margin and the US Initial
The stronger Chinese yuan is the main reason helping the antipodean currencies today, with AUD/USD leading gains as it is up 0.5% to 0.6770 currently. The pair continues to keep a bounce off its 200-day moving average from yesterday, but what is the rest of the technical picture saying? AUD/USD daily chart In the bigger
Gold traded range bound in the early trade on Monday ahead of the US Federal Reserve’s Federal Open Market Committee (FOMC) which begins later in the day. The bias remained negative as the dollar index (DXY) was trading above the 101 mark and only strengthened in the last session leading to declines in bullion prices.
Australian Dollar advances broadly today, buoyed by optimism surrounding news of stimulus from the Chinese government. This positive outlook has also lifted sentiment for Chinese Yuan and Copper. New Zealand Dollar has similarly benefited from this favorable sentiment, which is providing support to Sterling as well. Meanwhile, Dollar is slightly softening, alongside Yen and Swiss
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government
Share: In its quarterly survey of 158 big banks, the European Central Bank (ECB) highlighted that “firms’ demand for credit dropped to lowest since the survey started in 2003.” Additional takeaways Net 14% of Eurozone banks tightened credit standards in 2Q23 vs 27% in 1Q23. Banks expect more moderate net tightening on loans to firms
This is a daily forex forecast video in which I have discussed different finanacial instruments including gbpusd eurusd usdjpy usdcad nzdusd goldusd and some other pairs. I am a Technical forex trader and I use technical analysis tools to find the next possible move on any of the financial instrument I run the analysis. Technical
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT — General Motors is set to report its second-quarter earnings before the bell Tuesday. The Detroit automaker is expected to report solid results, driven by favorable industry trends of high prices on
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This video is on a new forex trading strategy that we’re working on. This forex trading strategy is actually made up of components of some of the best trading strategies out there and is still very much a work in progress. In the trading strategy we start technically analysing EUR/USD from the monthly chart and
The Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a July 24 announcement, the new “xERC-20” standard allows token issuers to maintain a list of official bridges and control how many tokens can be minted by each. In addition to Connext, decentralized finance (DeFi) platform