G7 Supporting CBDC Development, Crypto Daily TV 13/4/2023

Euler lets users redeem funds

Decentralized lending platform Euler Finance opened up redemptions for recovered funds to its users on Wednesday, allowing users to claim the capital they have in the protocol almost a month after the protocol suffered a flash loan exploit.

G-7 will focus on helping developing nations introduce CBDCs

The Group of Seven advanced nations will prioritize how they can better help developing countries introduce their central bank digital currencies (CBDCs), Masato Kanda, Japan’s senior financial diplomat told a seminar in Washington DC.

FTX could reopen

FTX, the cryptocurrency exchange that collapsed spectacularly in November, is considering reopening at some point in the future as it navigates bankruptcy, its attorneys from Sullivan & Cromwell said in a court hearing.

BTC fell 0.8% against USD in the last session.

Bitcoin dropped 0.8% against the Dollar in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 29179.3333 and resistance at 30989.3333.

The Ultimate Oscillator is currently in positive territory.

ETH/USD exploded 1.0% in the last session.

The Ethereum-Dollar pair exploded by 1.0% in the last session. The ROC is giving a negative signal, going against our overall technical analysis. Support is at 1852.3567 and resistance at 1954.5167.

The ROC is currently in negative territory.

XRP/USD plummeted 2.4% in the last session.

The Ripple-Dollar pair dove 2.4% in the last session. The MACD is giving a negative signal. Support is at 0.5019 and resistance at 0.5352.

The MACD is giving a negative signal.

LTC/USD plummeted 2.4% in the last session.

The Litecoin-Dollar pair plummeted 2.4% in the last session. The MACD is giving a negative signal. Support is at 91.0167 and resistance at 98.5567.

The MACD is currently in the negative zone.

Daily Economic Calendar:

AU Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. Australia’s Unemployment Rate will be released at 01:30 GMT, the UK’s Industrial Production at 06:00 GMT, the US Continuing Jobless Claims at 12:30 GMT.

UK Industrial Production

Industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines, and utilities are measured by the index of industrial production.

US Continuing Jobless Claims

The Counting Jobless Claims measures the number of individuals who are unemployed and are currently receiving unemployment benefits.

NL Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. The Dutch Consumer Price Index will be released at 04:30 GMT, Australia’s Employment Change at 01:30 GMT, the US Initial Jobless Claims at 12:30 GMT.

AU Employment Change

The Employment Change is a measure of the change in the number of employed people, which in turn shows the strength of the Labour market.

US Initial Jobless Claims

The Initial Jobless Claims measure the number of people filing first-time claims for state unemployment insurance.

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