Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Stock Futures Dip as Investors Await Key Payrolls Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
The Internet Computer (IC) is a new platform for executing smart contracts. The Internet Computer (ICP) allows Web3 services to run 100% on-chain, being the only protocol on top of which developers can build and users can enjoy fully decentralized applications. It adds autonomous serverless cloud functionality to the public internet.
The IC consists of a set of cryptographic protocols that connect independently operated nodes into a collection of blockchains.
Canisters- On the Internet computer, smart contracts come in the form of canisters. Canisters can store data, perform very general computations on that data, and provide a complete technology stack, serving web pages directly to end users.
Each canister smart contract has its own cycles wallet that developers can top up with cycles — the gas on the Internet Computer. The Internet Computer protocol allows developers to burn ICP and receive cycles.
Reverse Gas model -It is a model in which gas fees are paid by dApp developers instead of end users. It is much cheaper than Ethereum.
Consensus Protocol- It uses a Novel consensus mechanism. The major consensus protocol components are
Block making -In every round, at least one node, called a block maker, proposes a block by broadcasting it to all nodes in the subnet using P2P.
Notarization- For identifying valid blocks to become notarized tow two-thirds of nodes must validate.
Finalization- For finalizing blocks two-thirds of nodes must support.
ICPUSD prices jumped more than 80% in the past one week. It hit a high of $15.25 and is currently trading around $13.61. The pair holds above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).
The near-term resistance is around $15.25, any signifying breach above will take the pair to $18/$23.50. On the lower side, immediate support is $12.50, and any violation below targets $10/$8.50.
Indicators ( Daily chart)
CCI(50)- Bullish
Directional movement index - Bullish
It is good to buy on dips around $10 with SL around $8 for TP of $17.85.
