Pell Network Secures $3M Funding to Build Omnichain DVS Network

Pell Network, an Omnichain Decentralized Validation Services (DVS) network, has successfully raised $3 million in pre-seed funding, as announced on October 16, 2024. This round was co-led by Paper Ventures, Halo Capital, and Mirana Ventures. Incubator D11-Labs and key investor Delta Blockchain Fund, also participated in this round, along with a diverse group of investors including ArkStream Capital, Mantle…

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GBP/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24

2024.10.18 2024.10.18 GBP/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.2920 with a target of 1.3600 – 1.3800. A buy signal: if the price holds above 1.2920. Stop Loss: below 1.2880, Take Profit: 1.3600…

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Daily Broad Market Recap – October 17, 2024

A busy trading calendar meant that the major assets were exposed to asset-specific catalysts and new market themes! Which headlines caught the investors’ attention and how did your favorite assets trade? Let’s break down the major market moves on Thursday: Headlines: Japan trade balance shifted to a deficit of JPY 294.24 billion in September 2024, compared to a surplus…

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Gold Technical Analysis – Yet another all-time high

Fundamental Overview Yesterday, gold managed to rally into a new all-time high despite some strong US data as Retail Sales and Jobless Claims beat expectations across the board. In the bigger picture, gold remains in a bullish trend as real yields will likely continue to fall amid the Fed’s easing cycle. The pullbacks will likely be triggered by a…

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Japanese Yen surrenders intraday gains, hangs near its lowest level since August against USD

The Japanese Yen fails to preserve modest gains amid doubts over more BoJ rate hikes this year.  Verbal intervention from government authorities might help limit any meaningful JPY downfall. A modest USD pullback from a two-and-half-month high should further cap gains for USD/JPY. The Japanese Yen (JPY) struggles to capitalize on modest intraday gains against its American counterpart and…

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Euro leaves the door open. Forecast as of 18.10.2024

2024.10.18 2024.10.18 Euro Leaves the Door Open. Forecast as of 18.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ One may think the ECB did not dare to frighten markets with a 50-point rate cut as investors could suspect a panic. However, the modest cut by 25 basis points will hardly save the eurozone. Let’s discuss it and make a trading plan for EURUSD. The…

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Chart Art: Bitcoin (BTC/USD) Is Near A Long-term Resistance Area!

Bitcoin has had a good October so far, climbing from its $60,400 lows to its current levels near $67,650. Can the OG crypto count on “Uptober” to push BTC/USD consistently above a key technical resistance zone? We’re taking a closer look at the daily chart! Bitcoin (BTC/USD) Daily Chart by TradingView Bitcoin has been seeing gains in the last…

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UK retail sales the highlight of the agenda in the session ahead

A stronger US retail sales report yesterday helped keep the dollar in a good spot on the week. Meanwhile, the euro was shaky from the ECB policy decision as Lagarde failed to comfort the economy doomsayers. She continued to highlight data dependency but markets might not take too kindly to that if the data continues to worsen, putting the…

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USD/INR drifts lower as traders await more cues about Fed rate cuts

The Indian Rupee edges higher in Friday’s Asian session.  Substantial equity outflows, higher crude oil prices might drag the INR down, but possible RBI intervention might cap its downside.  Investors await the US housing data and FedSpeaks later on Friday.  The Indian Rupee (INR) recovers on Friday on the modest decline of the US Dollar (USD). The upside of…

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