Leaderboard

Forex News - EUR/USD rebounds toward 1.1750 with initial reaction to US CPI data EUR/USD gained nearly 30 pips on renewed USD weakness. US Dollar Index turned negative on the day below 93.00. US annual CPI stayed unchanged at 5.4% in July. After dropping toward 1.1700 earlier in the day, the EUR/USD pair managed to stage a sharp rebound in the early American session and was last seen rising 0.2% on the day at 1.1743. DXY reverses direction after July inflation report The renewed USD weakness seems to be helping EUR/USD gain traction in the second half of the day. The data published by the US Bureau of Labor Statistics revealed on Wednesday that the Consumer Price Index (CPI) stayed unchanged on a yearly basis at 5.4% in July. Moreover, the Core CPI edged lower to 4.3% as expected from 4.5% registered in June. Breaking: US annual CPI inflation stays unchanged at 5.4% in July vs. 5.3% expected. Although these prints came in largely in line with analysts' estimates, the initial market reaction put the greenback under modest selling pressure. As of writing, the US Dollar Index was down 0.18% on a daily basis at 92.90. In the meantime, Richmond Federal Reserve Bank President Thomas Barkin told Reuters that it could take a few more months before they reach the Fed's taper benchmark. Later in the session, Atlanta Federal Reserve Bank President Raphael Bostic will be delivering a speech. Additionally, the 10-year US Treasury note auction at 1700 GMT will be watched closely by market participants.

Resistance near $50,000 to $55,000 could stall the recovery given short-term overbought signals. (BTC) remains in a long-term uptrend despite the sharp 50% correction from the all-time high around $63,000 in April. Buyers were able to defend support around $30,000 after a two-month consolidation phase, which resolved to the upside. Bitcoin faces resistance near $50,000 to $55,000, which could stall the recovery given short-term overbought signals. The chart below shows an ascending channel, which is formed from the 2017 price high near $16,000 and the 2021 price high around $63,000. The 2019 and 2020 price lows formed rising support as buyers reacted to oversold conditions. Unlike the 2018 bear market, bitcoin (BTC, +1.58%) is currently holding above the 40-week moving average, which reflects renewed upside . Bitcoin will need to form a decisive break above $55,000 to fully resolve the selling pressure from May.

Drone Crypto Coin is an interesting project that is targeting Hookah and Hospitality Industry! What is Drone? Drone is a DeFi token built on Binance Smart Chain – BSC. Why Drone? The hospitality and Hookah industry are growing by the hour, and Drone aims to be their cryptocurrency. Our goal is to create a unified cryptocurrency for the Hospitality and Hookah industry. Add to that, bookings of flights, hotels, restaurants and lounges, which all orbit in the same universe. Drone (DRN) have launched its IDO and it got 1200+ holders gaining more attention by the hour! IDO already started on: 20.May.2021 Price: 1 BNB = 37,500,000 DRN Smart-contract: 0xf6162756e5fc15cfacde2f9a3d3bacd1f51b1bf4 Website: https://www.dronecoin.finance/ Telegram: https://t.me/dronecoins