Day: January 18, 2022
Stocks ended sharply lower Tuesday, kicking off a holiday-shortened week on a down note as Treasury yields jumped to two-year highs. The Dow Jones Industrial Average DJIA, -1.51% fell around 542 points, or 1.5%, to close near 35,369, while the S&P 500 SPX, -1.84% shed around 86 points, or 1.8%, ending near 4,577. The Nasdaq […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is trading at 0.6777; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6810 and then resume moving downwards to reach 0.6655. Another signal in favour of a further downtrend […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, after breaking the 200-day Moving Average again, AUDUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 5/8, break it, and then continue falling to reach the support at 4/8. However, this scenario may no […]
EUROPEAN EQUITIES ARE POSITIONED FOR GROWTH , STOXX DEEPER DOWN IN THE RED FOR 2022 According to a BofA survey, investors regard monetary tightening as the most important risk to markets, beating out COVID and inflation as the top anticipated concerns. Nonetheless, according to BofA, investor optimism remained unaffected by central bank tightening intentions. According […]
It’s a case of “same, same but different” when it comes to Bitcoin price action this year, but historically, nothing has fallen outside the norm. 11700 Total views 87 Total shares Bitcoin (BTC) has “at least one more upward impulse to come” before reaching this halving cycle’s all-time high, new research maintains. In a series […]
Shares of Bank of America Corp. BAC, -3.60% dropped 2.9% in afternoon trading Tuesday, putting them on track for a fourth-straight decline, ahead of the bank’s fourth-quarter results due out before the next session’s opening bell. The stock has now shed 5.5% during its losing streak. The stock’s losses comes after bank and broker Goldman […]
Type: Bearish ReversalKey Levels:Resistance: 125.664Pivot: 125.348Support: 124.768Preferred Case:Prices are consolidating in a triangle. We see the potential for prices to dip from our Pivot at 125.348 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension towards our 1st support at 124.768 in line with 23.6% Fibonacci retracement. Technical indicators are showing bearish momentum.Alternative Scenario:Alternatively, […]
• General motors reversed from resistance level 65.00 • Likely to fall to support level 55.00 General motors recently reversed down from the multi-month resistance level 65.00 (which has been reversing the price from last year), intersecting with the upper weekly Bollinger Band. The downward reversal from the resistance level 65.00 created the weekly reversal […]
• EURUSD reversed from resistance level 1.1470 • Likely to fall to support level 1.13 EURUSD currency pair recently reversed down from the resistance level 1.1470, intersecting with the upper daily Bollinger Band and the daily up channel from November. The downward reversal from the resistance level 1.1470 is aligned with the clear daily downtrend. […]
Goldman Sachs Group Inc. GS, -7.33% CEO David Solomon told analysts on Tuesday the bank expects inflationary pressure to increase in 2022. Inflation is persisting in many countries and major central banks are beginning to raise rates including the Bank of England last year, while the U.S. Federal Reserve is expected to boost rates four […]
