August 16, 2022


Today’s coding major TV titles:

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Binance and MasterCard Launch Bitcoin Rewards Card in Argentina.

Binance, one of the leading cryptocurrency exchanges, has partnered with Mastercard to launch a rewards card backed by Bitcoin and other cryptocurrencies in Argentina, according to a press release.

Ethereum fundamentals shine as a potential bottom before the merger

With a more favorable macro backdrop, Ethereum appears to have bottomed out, solidified by improved flexibility of activity compared to the previous bearish cycle, and expanding use cases.

Despite industrial setbacks, Bitcoin’s radical proponents see a bright future ahead.

After repeated calls from mainstream press agencies around the world that Bitcoin is “done” due to the recent price drop, data shows that committed core extremists are confident in the success of the world’s first decentralized internet currency as it stands apart from various altcoins.

The BTC/USD pair fell 1.5% in the last session.

The bitcoin-dollar pair beat 1.5% in the last session. Ultimate Oscillator’s negative signal is consistent with general technical analysis. Support is located at 22098.8837 and resistance at 23984.1057.

The final oscillator is currently in the negative territory.

ETH/USD is down 1.6% in the last session.

The Ethereum and Dollar pair beat 1.6% in the last session. ROC gives a negative signal. Support is located at 1539.921 and resistance at 1721.341.

The Republic of China is currently in a negative territory.

The last session saw XRP fall 0.8% against the US Dollar.

The Ripple-dollar pair fell 0.8% in the last session after gaining as much as 1.4% during the session. Stochastic RSI is giving a negative signal. Support is located at 0.3559 and resistance at 0.3841.

Stochastic RSI is giving a negative signal.

LTC/USD is up 1.8% in the last session.

The Litecoin-Dollar pair is up 1.8% in the last session. MACD gives a negative signal. Support is located at 54.7833 and resistance at 61.6033.

The MACD is currently in the negative territory.

Economic diary:

CFTC Net Positions in GBP in UK

The weekly Commitments of Traders (COT) report provides information on the volume and direction of trades taken. The report focuses on speculative positions. UK CFTC GBP NC Net Positions will be released at 19:30 GMT, US Hourly Average Earnings at 12:30 GMT, and German Industrial Production at 06:00 GMT.

Average Earnings per Hour in the US

Average hourly earnings are an important indicator of labor cost inflation and tight labor markets.

DE industrial production

“Industry” is a basic category of business activity. Changes in the volume of physical production of factories, mines and utilities in the country are measured by the Industrial Production Index.

US non-farm payrolls

The non-farm payroll shows the number of new jobs created during the previous month, excluding the agricultural sector. The US Nonfarm Payrolls will be released at 12:30 GMT, the Japan Economic Leading Index at 05:00 GMT, and the Japan Synchronized Index at 05:00 GMT.

JP Leading Economic Indicator

A leading economic indicator is an economic indicator consisting of 12 indicators such as account stock ratios, machinery orders, stock prices, and other leading economic indicators.

JP Synchronous Indicator

The Synchronized Index released by the Cabinet Office is a single summary statistic that tracks the current state of the Japanese economy.

Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.





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