Daily News | University of California vs Amazon | 01.08

University of California vs Amazon
Major retailers targeted by University of California in lawsuits.
Five major retailers, including Amazon, were targeted in lawsuits filed by the University of California regarding patent infringement.

Oil gets excited about the Fed.
Oil rises on expectations of Fed rate cut, another U.S crude drawdown.
Oil prices rose about 2% to a two-week high on optimism that the Fed will cut interest rates for the first time in more than 10 years.

The wallet that became a broker.
Bitcoin’s largest wallet launches its first Crypto exchange.
Bitcoin wallet and blockchain explorer provider Blockchain just launched its first exchange platform, while Bitcoin edged up 1%.

USD/JPY
USD/JPY has lost 0.3% in the last session.
The Dollar-Yen pair has lost 0.3% in the last session. The RSI remains negative.

EUR/USD
EUR/USD has shown slight gains in the last two sessions, up 0.2%.
The Euro-Dollar pair has shown slight gains in the last two sessions, up 0.2%. The RSI is giving a positive signal.

BTC/USD
Bitcoin has gained 1.6% in the last two sessions.
Bitcoin has gained 1.6% in the last two sessions. The Stochastic-RSI currently dwells in the overbought zone.

GBP/USD
GBP/USD has shown steady depreciation in recent sessions, falling 2.4%.
The Sterling-Dollar pair has shown steady depreciation in recent sessions, falling 2.4%. The Stochastic-RSI is giving an oversold signal.