<ul><li>Prior +1.2%</li><li>Market index 279.8 vs 279.2 prior</li><li>Purchase index 205.4 vs 208.4 prior</li><li>Refinancing index 662.9 vs 640.6 prior</li><li>30-year mortgage rate 5.47% vs 5.43% prior</li></ul><p style=““ class=“text-align-justify“>The increase in mortgage activity owes to refinancing in the past week as home purchases were seen falling once again. As the Fed’s battle against inflation continues to rage on, it is hitting the US housing market and that is something to be wary of as economic conditions does show signs of worsening in the months ahead.</p>

This article was written by Justin Low at www.forexlive.com.

<ul><li>Will keep liquidity reasonably ample</li><li>Will balance economic growth and price stability</li><li>Will not resort to flood-like stimulus</li><li>Will provide strong and high-quality support for the real economy</li></ul><p style=““ class=“text-align-justify“>The PBOC also says that the price target for 2022 can still be achived, though they are vigilant on structural inflation pressures. Adding that consumer inflation may pick up in some months during 2H 2022 and may exceed 3% in stages (h/t @ Sino_Market). The remarks from the central bank aren’t anything new and just reaffirms that China is sticking with its existing policy settings in order to keep the economy supported.</p>

This article was written by Justin Low at www.forexlive.com.

<p class=“MsoNormal“>Let’s be real: Traders can be a boastful bunch.
And rightfully so! Technical analysis, number crunching, and backtesting an
effective trading strategy takes skill, effort, and natural talent.</p><p class=“MsoNormal“>Because money is involved, there are still some
traders that prefer to be modest. But if you are the type to want to show off
your successful trades on social media or elsewhere online, then you definitely
will want to download the award-winning PrimeXBT mobile app.</p><p class=“MsoNormal“>Here is more on what the PrimeXBT app for
Android and iOS devices can do for you, as well as how to easily create a
shareable image to highlight your trading ROI.</p><p class=“MsoNormal“>Computers, Apps, And The
Evolution Of Trading Tools</p><p class=“MsoNormal“>The advent of computers and the internet turned
the practice of <a target=“_blank“ href=“https://primexbt.com/trading-academy?utm_source=PR&utm_medium=PR&utm_campaign=Bragging+Rights%3A+How+To+Share+Successful+Trades+On+Social+Media+Using+The+PrimeXBT+App“ target=“_blank“>technical analysis</a> from
something drawn by hand into something handled by advanced computer software.
Online trading desks became commonplace during the 90s and 2000s. However,
today, smartphone apps are where the money and users are at.</p><p class=“MsoNormal“>The emergence of social media has also changed
the way we trade and interact in the financial community. Online influencers
and <a target=“_blank“ href=“https://www.investopedia.com/articles/active-trading/041515/worlds-10-most-famous-traders-all-time.asp“ target=“_blank“>well-known traders</a>
share their thoughts and insights for others to see. Trends like copy trading
have since been developed to take advantage of the demand to follow other
traders’ lead.</p><p class=“MsoNormal“>Because people love to show off on social media
on the regular, those behaviors spill over from posting about new cars, fancy
watches, and other luxury goods to prove one’s level of wealth, into bragging
about a winning trade.</p><p class=“MsoNormal“>Always On Apps Are
Constantly Updated With New Features</p><p class=“MsoNormal“>The PrimeXBT smartphone app recently received a
number of updates. The updates included the ability to<a target=“_blank“ href=“https://primexbt.com/buy-crypto?utm_source=PR&utm_medium=PR&utm_campaign=Bragging+Rights%3A+How+To+Share+Successful+Trades+On+Social+Media+Using+The+PrimeXBT+App“ target=“_blank“> buy crypto</a> in just
a few taps, an exchange tool, a revamped withdrawal process, and the ability to
share successful trades online. For full transparency, traders can even choose
to share losing trades if they would like.</p><p class=“MsoNormal“>Not only does boasting about winnings help to
prove a trader’s worth in the trading community, it can have a positive effect
on the growth of the community itself. For example, if a PrimeXBT trader is
also a Covesting strategy manager, promoting successful trades could turn a
social media follower into a Covesting follower.</p><p class=“MsoNormal“>Covesting followers automatically copy the
trades of strategy managers ranked in the Covesting global leaderboards. Past
strategy manager profit levels have reached as much as 90,000% ROI. Imagine the
<a target=“_blank“ href=“https://buffer.com/library/social-media-engagement/“ target=“_blank“>social engagement </a>a
winning streak like that would receive from a trading community or via crypto
Twitter.</p><p class=“MsoNormal“>Why It Is Worth Boasting
About the Award-Winning PrimeXBT App</p><p class=“MsoNormal“>The PrimeXBT mobile application itself is boast-worthy.
In addition to the ability to create a shareable graphic with a successful ROI,
traders get access to the full suite of PrimeXBT trading tools. These powerful
tools include built-in charting software, more than 100 trading instruments
available for margin trading, passive investing, a four level referral program,
and much more.</p><p class=“MsoNormal“>PrimeXBT also has 24/7 customer service,
bank-grade security infrastructure, proprietary cold storage, and other ways to
keep customers happy and funds safe. The platform also offers a plethora of
educational tools such as the PrimeXBT trading academy. Weekly competitions
using no-risk funds give users a way to practice or participate for a chance to
win crypto reward prizes.</p><p class=“MsoNormal“>The PrimeXBT smartphone app is available as a
free download for iOS devices via the Apple App Store and the Google Play store
for Android devices. Download it today, and access <a target=“_blank“ href=“https://primexbt.com/markets?utm_source=PR&utm_medium=PR&utm_campaign=Bragging+Rights%3A+How+To+Share+Successful+Trades+On+Social+Media+Using+The+PrimeXBT+App“ target=“_blank“>best-in-class trading tools and instruments</a> all under one roof.</p>

This article was written by ForexLive at www.forexlive.com.

<p class=“MsoNormal“>Market
picture</p><p class=“MsoNormal“>Bitcoin lost
3.8% on Tuesday, ending it at around $23.2K, and is developing a decline to
$22.9 by Wednesday morning. Ethereum has lost 5.6% in the last 24 hours, to
$1680. Top altcoins are down 2.5% (BNB) to 7.2% (Solana).</p><p class=“MsoNormal“>Total crypto
market capitalisation, according to CoinMarketCap, fell 3.9% overnight to $1.08
trillion.</p><p class=“MsoNormal“>The recovery
in stock indices has choked, but even earlier and more dramatically, these
changes have affected Bitcoin and the whole crypto market. Should the decline
develop, investors and traders should pay close attention to the 21500 area,
where the previous local lows are concentrated. A dip below that and a decisive
return below the 50-day average could well be the start of a new wave of decline
that could take the crypto market to new lows. At least, there might be a test
of the June-July lows.</p><p class=“MsoNormal“>News
background</p><p class=“MsoNormal“>According to
CoinShares, net capital inflows into crypto funds slowed to $3m last week, with
Ethereum accounting for the most investments at $16m. Funds investing in
bitcoin lost $8.5m; those allowing shorting it faced $7.5m in outflows.</p><p class=“MsoNormal“>Michael
Novogratz, CEO of investment firm Galaxy Digital, expects bitcoin to
consolidate in the $20,000-$30,000 range for a while.</p><p class=“MsoNormal“>Circle has
blocked 75K USDC on Tornado Cash mixer wallets, which have come under sanctions
from the US Treasury. According to the agency, attackers have laundered
cryptocurrency worth more than $7 billion since its inception in 2019, with
about $0.5 billion linked to the North Korean hackers Lazarus Group.</p><p class=“MsoNormal“>The Reserve
Bank of Australia is working with the Digital Finance Corporate Research Centre
(DFCRC) to launch a pilot project to explore options for the practical use of
CBDC digital currency.</p><p class=“MsoNormal“>El Salvador
President Nayib Bukele said the legalisation of bitcoin last year contributed
to significant growth in the country’s tourism. </p><p class=“MsoNormal“>Iran
conducted its first import transaction worth $10 million paid in
cryptocurrency, bypassing the global financial system restricted by US
sanctions.</p><p class=“MsoNormal“>This article was written by <a target=“_blank“ href=“mailto:https://www.fxpro.com“ target=“_blank“>FxPro</a>’s Senior Market Analyst Alex
Kuptsikevich.</p>

This article was written by FxPro FXPro at www.forexlive.com.

<p style=““ class=“text-align-justify“>There’s not much in it so far in European morning trade as market players are all waiting on the US CPI data later today before firming up any convictions. Major currencies were more pensive earlier and little changed but we are seeing some light moves now with the dollar slightly softer. That said, it isn’t anything material as the ranges are still relatively contained for the most part.</p><p style=““ class=“text-align-justify“>EUR/USD is up a little to 1.0230 but even then, the range today is not even 30 pips so that kind of exemplifies the lack of meaningful price action for the time being. In the bigger picture, the pair is still caught between 1.0100 and the 50.0 Fib retracement level at 1.0283 and we’ll have to see if the US CPI data later can be a catalyst for any technical pushes this week:</p><p style=““ class=“text-align-justify“>Meanwhile, USD/JPY is still slugging in and around the 135.00 mark as traders are struggling to find any real desire to go chasing firmer moves before we get to the key risk event later. <a target=“_blank“ href=“https://www.forexlive.com/news/the-bond-market-remains-a-key-spot-to-watch-on-the-week-20220810/“ target=“_blank“>The bond market is still a key aspect to watch</a> for the pair so just be mindful of that in confirming any major technical moves later in the week:</p><p style=““ class=“text-align-justify“>Elsewhere, USD/CHF is down 0.4% to 0.9500 and commodity currencies are mildly higher against the greenback but both USD/CAD and AUD/USD are also just holding 30 pips ranges. As such, I wouldn’t read much into it and we’ll only get a better sense of trading sentiment once we are able to digest the US consumer inflation report later today.</p>

This article was written by Justin Low at www.forexlive.com.