The likelihood of further weakness in GBP/USD now appears mitigated according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour…
Zoom updates terms after backlash, won’t train AI without consent
Many online said they were halting the use of Zoom over terms that seemingly allowed the platform to scrape user data to train AI models.…
EURUSD remains on the defensive below 1.1000, seems vulnerable amid modest USD strength
The EUR/USD pair meets with some supply on the first day of a new week and retreats further from a four-day peak, around the 1.1040…
Controversy as MakerDAO’s Spark Protocol blocks users with VPNs
Users attempting to access Spark Protocol with a virtual private network will not be able to, sparking criticism from supporters of privacy. MakerDAO, one of…
EURJPY closes the week neutral above the 20-day SMA
On Friday, the EUR/JPY traded above the 156.00 zone, boosted by a stronger Euro following industrial data from June but still, bullish momentum is limited. On…
JPEG’d confirms return of 5,495 ETH from Curve hacker
The hacker drained several pools on Curve Finance, stealing roughly $70 million, but has gradually started returning funds to various projects. Nonfungible token (NFT) and…
EURUSD seems vulnerable near 100-day SMA, around 1.0920-25 area on stronger USD
The EUR/USD pair edges lower for the fourth successive day on Thursday and languishes near its lowest level since July 7 touched the previous day.…
AI boom to beat electricity and PCs, $200B investment by 2025 Goldman Sachs
Economists from Goldman Sachs predict that AI investment could account for up to 4% of GDP in the United States by 2025. Artificial intelligence could…
Gold Price Forecast XAUUSD remains confined in a narrow range below the $1,950 level
The gold price consolidates in a narrow range between $1,945 and $1,952 during the Asian session on Wednesday. XAU/USD recovers some of the previous day’s drop to…
FTX creditors unimpressed with exchange’s bankruptcy exit plan
FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy. A…