UK Banks Saying “No” To Crypto? Crypto Daily TV 3/4/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=IICO8zFHC2Y

UK banks are turning away crypto clients.

Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources. The few banks still working with crypto firms are requesting more documentation and information about how they monitor clients’ transactions.

TUSD Stablecoin daily trading volume surpasses $1B.

Trading with the TrueUSD stablecoin has surged over last week, crypto price trackers show, a result of crypto exchange Binance’s support for the token, including a zero-fee discount to buy and sell bitcoin.

Ether prices run up.

Ethereum’s native token, Ether, eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains. The price of Ether has more than doubled after bottoming out in June 2022.

BTC/USD plummeted 1.3% in the last session.

The Bitcoin-Dollar pair dove 1.3% in the last session. The MACD is giving a negative signal. Support is at 27888.3333 and resistance at 29086.3333.

The MACD is currently in negative territory.

ETH/USD plummeted 1.6% in the last session.

The Ethereum-Dollar pair plummeted 1.6% in the last session. The CCI is giving a negative signal. Support is at 1795.671 and resistance is at 1852.771.

The CCI is currently in the negative zone.

XRP/USD exploded 1.8% in the last session.

The Ripple-Dollar pair gained 1.8% in the last session after rising as much as 3.7% during the session. The Stochastic indicator’s positive signal is in line with the overall technical analysis. Support is at 0.475 and resistance at 0.5549.

The Stochastic indicator is currently in positive territory.

The last session saw LTC drop 0.9% against USD.

The Litecoin-Dollar pair fell 0.9% in the last session. The MACD’s positive signal is in line with the overall technical analysis. Support is at 87.31 and resistance at 96.721.

The MACD is giving a positive signal.

Daily Economic Calendar:

US ISM Manufacturing PMI

The ISM Manufacturing PMI shows the business conditions in the manufacturing sector. It is a significant indicator of the overall economic conditions. The US ISM Manufacturing PMI will be released at 14:00 GMT, the US ISM Manufacturing Employment Index at 14:00 GMT, the Dutch Markit Manufacturing PMI at 05:00 GMT.

US ISM Manufacturing Employment Index

The ISM Manufacturing Employment Index estimates the labour market in the manufacturing sector, taking into account expectations for future production, new orders, inventories, employment and deliveries. 

NL Markit Manufacturing PMI

The Manufacturing Purchasing Managers Index (PMI) captures the business conditions in the manufacturing sector.

AT Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. The Austrian Unemployment Rate will be released at 07:00 GMT, Japan’s Jibun Bank Manufacturing PMI at 00:30 GMT, Japan’s Monetary Base at 23:50 GMT.

JP Jibun Bank Manufacturing PMI

The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector.

JP Monetary Base

The Monetary Base is the currency supplied by the central bank, encompassing notes and coins as well as money held in bank accounts.

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.