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SP 500 where next ?Good day everyone. well as you see in charts if USA and other big players haven't found any way out for current political and financial issue, we will see a capitulation on Stock Markets specially in USA .. so be careful. so next target will be at 2000 pts area which will be marked technically in Elliot Wave Structure WAVE C !!! More Geopolitical and Financial information would help you to understand current world financial tension. inflation rate: The inflation rate in the United States has been on the rise in recent months, reaching a 40-year high in November 2021. The consumer price index (CPI), which measures the cost of goods and services, increased by 6.2% year-over-year, the highest rate since 1982. This is largely due to supply chain disruptions, labor shortages, and high demand for goods and services. Effects on the S&P 500 Charts: Inflation has a significant impact on the stock market, including the S&P 500 index. The S&P 500 index is composed of 500 large-cap stocks, and its performance is often seen as a reflection of the overall health of the US economy. As inflation rises, it can lead to higher interest rates, which can negatively impact the stock market. One way inflation affects the S&P 500 is through its effect on corporate earnings. Inflation can increase the cost of raw materials, labor, and other expenses for companies, which can ultimately lead to lower profits. This, in turn, can lead to a decline in stock prices and a drop in the S&P 500 index. Moreover, inflation can also affect investor sentiment and market volatility. As inflation rises, investors may become more cautious and less willing to take risks. This can lead to increased volatility in the stock market, with larger price swings in both directions. Conclusion: In conclusion, inflation is a key economic indicator that can have significant effects on the S&P 500 index and the overall US economy. As inflation continues to rise, it is important for investors to pay attention to its effects on corporate earnings and investor sentiment. Understanding these dynamics can help investors make informed decisions and better navigate the current market environment. it is important to note that predicting the future movements of the stock market can be challenging, as it is influenced by a wide range of factors. However, it is clear that the current inflation and other political and economic tensions are likely to continue to have an impact on the S&P 500 index in the coming months. It is important for investors to stay informed, exercise caution, and consider diversifying their portfolios to mitigate risk.
SP:SPX
by Htback
1
🤖 #BTCLIVE - 09.08 - #IDEA 🤖🤖 #BTCLIVE - 09.08 - #IDEA 🤖 60:40 Mid-Term Bullish:Bearish Technical Analysis: Current Status: Big rejection hit as outlined in yesterdays BTCLIVE with TD9's, Exhaustion candle and bearish divergence into resistance - multiplied by the Tornado Cash blacklisting. We have taken out the high support of $23.8k and looking to test the more critical support of $23.2k. There is a large amount of support in this area: - 50EMA - 20 EMA - Weekly Pivot - CME Gap - Trendline - Potential Bullish Divergence That should hopefully, the key analysis is the bullish divergence that is not confirmed yet but could help support a retest and bounce here. A long with a pretty tight stop-loss here could be an option, although keep the stop-loss tight - very high risk. The only issue is that there is a considerably amount of unpredictable new circulating atm, especially the Tornado Cash blacklisting as this could be a floodgate to other services and the depth may be quite damaging as it is unlikely this will be isolated to just Tornado Cash. The rest of the news is not particularly impactful so just keep an eye on how this unfolds - it will be interesting to see what the US does when on line. On the whole I am still more bullish than bearish Bullish Scenario Bounce here at $23.2k and track up to longterm range target of $25k - $26k. A lot of TA suggesting a possible bounce along with a lot of volume if the US market doesnt drop the price below $23k the it would all be relatively bullish. Bearish Scenario If the Tornado Cash impact unfolds to affect more services then unloading of BTC reserves could start occurring - I believe this was the cause of the recent dump - a daily close below $23.2k would likely lead to further downward pressure with a realistic target of $22k. Key News: + Iran completes its first foreign trade worth $10 million using #cryptocurrency. - @circlepay 's USDC has officially blacklisted every Ethereum address sanctioned by the US Treasury + $100K #Bitcoin could be a matter of time, says Bloomberg Intelligence + UAE-based retail store Day To Day will accept #Bitcoin and other cryptocurrencies as payment methods. - #Binance will disable off-chain transfers to WazirX on August 11th. - U.S Treasury has blacklisted 'crypto mixer' Tornado Cash. home.treasury.gov - Singapore-Based Hodlnaut Halts Withdrawals Citing ‘Market Conditions’ beincrypto.com Metrics: Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain - aSOPR - More investors are selling at a profit. In the middle of a bull market, it can indicate a market top. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. + Transfer Volume - The total number of coins transferred has increased by 30.00% compared to yesterday. - Active Addresses - The number of active wallets used to send and receive coins has decreased by -4.00% compared to yesterday. + Transactions - The total number of transactions has increased by 2.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. - Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend. - Liquidation - 22775722.97 of long positions were liquidated in the last 24 hours.
by Kryptochristian
Oil After Saudi Hikes Crude PricesBrent crude futures were trading at around $121 a barrel on Monday, after Saudi Arabia raised its oil prices for July. The country's official selling price for light crude was also raised. While it kept the premium for US barrels steady, it also raised prices for other products . The gains were largely due to last week's decision by the Organization of Petroleum Exporting Countries (OPEC+) to increase its output by about 600,000 barrels per day in July and August. However, markets are still questioning the group's ability to meet the demand. At a time when the US is experiencing a spike in demand, China's easing of its Covid lockdowns is also helping to boost oil consumption. As the US looks to increase the supply of crude oil to make up for the loss of Russian supplies, some traders noted that tUS might allow more Venezuelan and Iranian oil to be imported.
TVC:UKOIL
by bbitar
Al Jalila NGO will allow crypto donations with UAE in support.Al Jalila NGO will allow crypto donations after receiving support in UAE. Recently the Al Jalila Foundation, dedicated to medical support, received approval to accept cryptocurrencies as a donation. The NGO is part of the recently created Mohammed Bin Rashid project. This would be the first NGO in Dubai to accept crypto donations promoted by various companies since 2021. Crypto trading has become essential for charitable associations seeking to raise easy, safe, and fast money. The cryptos allow anyone interested in giving their support to do so whether or not they are in another country. Al Jalila, the medical foundation founded in 2012 in the United Arab Emirates, has received permission to accept crypto-donations by demonstrating progress in its projects. But the NGO director said it would be linked to the crypto exchange to make its plans possible. According to Al Olama Abdulkareem, CEO of Al Jalila charity, his signing depends solely and exclusively on contributions from citizens in Dubai, but now with these developments, everything will change. Al Olama recognizes that crypto trading is on the rise, so it’s not a bad idea to embrace it for their benefit. The cryptographic research and analysis magazine Chainalysis indicates that Dubai wants to embrace the crypto trade. UAE would be one of the main focus points for crypto, knowing that there have been transactions above $25bn for the last few years, which is an astounding volume.
COINBASE:BTCUSD
by henryartem
Dogecoin investors open Dubai’s first DOGE-themed crypto eateryVirtual chain restaurant provider Rocket Kitchens has unveiled the first Dogecoin-inspired cryptocurrency burger joint in Dubai. The restaurant named Doge Burger will also allow payments through Bitcoin, Ethereum, BNB, CRO, XRP, USDT, and Shiba Inu, local outlet Time Out Dubai reports. On the menu, the restaurant will offer a beef burger, chicken burger, mushroom Swiss burger, a charcheese, and garden burger alongside hot dogs. Customers can place orders through the restaurant’s website, where the cost of the burgers will range from Dhs35 to Dhs50.
COINBASE:DOGEUSD
by gibsonlookey
3
The crypto oasis: UAE (How) The nation has a patchwork of largely crypto-friendly, region-specific rules that can finally get standardized. The United Arab Emirates is reportedly getting ready to start issuing federal licenses for virtual asset service providers (VASPs) by the end of the first quarter of 2022. The move is expected to become part of a complex regulatory framework that the Middle Eastern nation is looking to establish on its way to becoming one of the world’s most crypto-friendly jurisdictions. What could this trajectory look like for the UAE? The proposed regime The UAE’s Securities and Commodities Authority (SCA) is reportedly finalizing rules that would allow digital asset firms to set up shop in the country. While working on the legislation, the SCA bore in mind both Financial Action Task Force guidelines and the current legislative developments in the United States, the United Kingdom and Singapore. In what was described as a “hybrid approach,” the SCA will oversee the digital asset marketplace in a dialogue with the Central Bank of the United Arab Emirates without directly interfering with the daily licensing procedures of the financial institutions in the country’s key financial centers, such as Dubai and Abu Dhabi. The government also reportedly intends to create a regulated environment for crypto mining. Current outlook The United Arab Emirates is a federation consisting of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Usually, the federal government has the final say over financial matters, and the two principal bodies that define financial regulation are the UAE Central Bank and the SCA. Still, the federation includes several free zones, which are granted a degree of autonomy when crafting financial rules. In fact, there are already around 30 VASPs, operating in the country’s free zones. Dubai Multi Commodities Centre (DMCC) accommodates 22 VASPs, Abu Dhabi Global Market (ADGM) has six, and Dubai Silicon Oasis Authority (DSOA) hosts one. Each of these centers is overseen by its own regulatory body. ADGM corresponds to the Financial Services Regulatory Authority, while the Dubai zones are under different agencies’ authority: The Dubai International Financial Centre is regulated by the Dubai Financial Services Authority (DFSA), while DMCC is directly under the nationwide SCA’s purview. Patchwork of regulations Current rules — quite naturally, in the light of the regulatory diversity — present a varied picture. For example, the DFSA started rolling out its rules as recently as 2021. According to them, any entity operating a crypto exchange should seek DFSA approval. At the moment, though, that regulation covers only those digital assets that qualify for “investment tokens” status. The DFSA intends to include cryptocurrencies and utility tokens in its framework at a later stage. At the same time, the SCA, which oversees DMCC and “onshore” UAE, provides a much more detailed framework titled “Crypto Assets Activities Regulation.” It contains a clear definition of crypto assets and applies to the majority of their forms. Overall, despite the need to navigate this regulatory diversity, the UAE appears to have a largely crypto-friendly legal environment. As Kokila Alagh, founder and CEO of Karm Legal Consultants, previously told Cointelegraph, “The regulations provided certainty and have opened new opportunities in the UAE, which makes SCA a progressive regulator in the global landscape.” In December 2021, news emerged that the Dubai World Trade Centre would become yet another zone of regulated digital asset activity, with rigorous standards for investor protection and Anti-Money Laundering and Counter-Terrorist Financing requirements in place. The major intrigue regarding the incoming federal legislation is whether it will successfully unify this patchwork of rules under one roof. A path to crypto oasis The UAE government started on its crypto-friendly course years ago. The first regulations for the digital asset sector were established back in 2018 in ADGM. The same year saw the nation put its “Emirates Blockchain Strategy 2021” into action, which was to use blockchain technology to “save time, effort and resources and enable individuals to conduct most of their transactions in a timely manner that suits their lifestyle and work,” according to statements made at the time by Vice President and Prime Minister Mohammed bin Rashid Al Maktoum. The initiative laid out some impressive goals, such as saving $3 billion per year in government paperwork spending and millions of work hours. The strategy came with several declarations of more specific intentions, including a blockchain-based vehicle lifecycle management system to be launched by Dubai’s Roads and Transport Authority and the creation of a blockchain-based business-to-business platform for local hotel operators and tourism companies. In November 2021, the United Arab Emirates’ postal operator announced it would be the first in the Middle East to issue nonfungible token (NFT) stamps, celebrating the federation’s 50th anniversary. Several months earlier, the UAE Central Bank revealed it would start trials of a national digital currency. The launch of a central bank digital currency project is a move often accompanied by a turn toward restricting decentralized digital currencies. In the UAE’s case, however, the announcement of a CBDC seemed to have little effect on the nation’s willingness to embrace private innovation. Why so friendly? Speaking to Cointelegraph, Brad Yasar, co-founder and CEO of automated liquidity pool aggregator EQIFi, described the UAE’s openness to crypto as a pragmatic approach taken by the country’s leadership to ensure the diversification of its sources of wealth: “The country’s historical reliance on commodities such as oil could be seen as a key driver behind its dive into digital assets. The government was quick to recognize the many benefits to be derived from digital assets for institutions and retail users, and so acted quickly to implement the necessary support measures in place to allow financial innovation to flourish.” Christian Borel, senior executive officer and branch manager at Switzerland-based SEBA Bank — which has moved to open a regional office in the UAE — highlighted the vast opportunities provided by the nation’s approach to financial regulation alongside the strategic geographical advantages: “The UAE has a number of features that position it as an ideal global hub for the digital asset and blockchain industry. It is ideally positioned in terms of existing business networks to take advantage of connectivity between the Middle East, Northern Africa, India and the West.” Both experts are optimistic about the nation’s digital asset prospects, with Yasar emphasizing the significance of the freshly proposed nationwide licensing system for virtual-asset firms. Borel expects the UAE to be “at the forefront of regulation in the industry,” anticipating that the new legal framework will be integrated into the country’s legal system within the next 12 months. As some major jurisdictions impose bans and severe restrictions on crypto, and as Europe and the U.S. tread slowly and carefully, the UAE is moving fast to become a place with clear, safe rules for the digital asset industry.
BITSTAMP:BTCUSD
by monicaagrizzi9