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Ukranian local bank plans on Bitcoin Feature; Oil Futures and Gold Update

Ukrainian local bank to launch Bitcoin Trading feature in the latter part of July. OPEC+ division creates uncertainty, encourages profit-taking. Gold up as Dollar weakens, investors await Fed Minutes.

P: 33,979
A: 34,071.0 +92.0 +0.27%

With the progress on crypto-related legislation from the Ukrainian Government, Bitcoin trading is about to experience a greater move. An important local e-bank, Monobank, plans to launch a BTC debit card to facilitate Bitcoin trading.

Monobank is a Ukrainian online banking application. According to Oleg Gorokhovsky, the Co-Founder of Monobank, the e-bank has finished its pilot integration with a platform based on cryptocurrency trading.

Oil Price Fundamental Daily Forecast – OPEC+ Division Creates Uncertainty, Encourages Profit-Taking

P: 74. 603
A: 75. 470

-Oil futures plunged in a volatile session, fueled by the cancelation of a meeting between OPEC and its allies.
-OPEC+ failed to come to an agreement to increase supply.

Gold Up as Dollar Weakens, Investors Await Fed Minutes

P = $1,740.77 +21.71
A = $1,812.98 +4.71%

Gold was up on Tuesday morning in Asia and was close to a two-week high. A weaker dollar also gave the yellow metal a boost and investors await the release of the minutes from the U.S. Federal Reserve’s latest policy meeting.

Investors remain focused on the minutes from the Fed’s June meeting, due on Wednesday, for further clues about the central bank’s surprise hawkish stance in the policy decision handed down after that meeting. They also await the Reserve Bank of Australia’s policy decision, due to be released later in the day.

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