Iranian authorities seized numerous crypto mining equipment over the past two years, citing stress on energy grids during winter. Now, a court ordered the release of crypto-mining equipment that was previously seized as a measure to conserve energy. Since 2021, Iran’s Organization for Collection and Sale of State-Owned Property (OCSSOP) has seized mining equipment — both
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The pair threatened a break below 130.00 in Asia trading yesterday before the dollar took over in European and US trading, with a late retreat in risk sentiment also helping the greenback find steadier footing amid some minor pushback. But in the case of USD/JPY, it was all about keeping above the critical 130.00 mark
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Yen rises broadly and strongly in Asian session today even though Japan remains on holiday. The strength is rather overwhelming, and with some near term resistance levels taken out, more upside is in favor for the near term. Dollar and European majors are worse performing ones, with Sterling having a slight edge only. Commodity currencies
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New Delhi: Gold price in the national capital jumped Rs 506 to Rs 55,940 per 10 grams on Tuesday amid a rally in prices of the precious metal internationally, according to Securities. The yellow metal had touched Rs 55,434 per 10 grams in the previous trade. Silver also zoomed to Rs 1,374 to Rs 71,224
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Dollar rises broadly in the early part of European session for now apparent reason. Risk sentiment is so far positive with rallies in major European indexes and US futures. US benchmark yield is actually falling. There is also no follow through buying in the greenback after lower than expected Germany inflation reading. Sustainability of Dollar’s
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AUD/USD drops below 0.6800 toward the 20-day EMA at 0.6736. The US Dollar remains bid, irrespective of falling US bond yields, after the release of weak PMIs. Weak Chinese economic data dampened the prospects of the Australian Dollar. AUD/USD Price Analysis: Likely to remain range-bound in the 0.66/0.68 200 pip range. The Australian Dollar (AUD)
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Technical analysis of Bitcoin evaluates the crypto king by assessing previous prices and volume. Technical analysts don’t analyze a security’s inherent worth, but instead utilize charts and other tools to uncover trends. Technical analysis also uses patterns to predict future price changes. These patterns may be bullish, bearish, or neutral, indicating a price increase, decrease,
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