Day: January 25, 2022
Gold prices fell on Tuesday, awaiting signs of a rate hike during the US Federal Reserve policy meeting, which begins today. Concerns about an acceleration of policy tightening by the US Federal Reserve have opposed the safe haven request, which has been fueled by escalating tensions over Ukraine. Gold prices rose about $10 at the […]
The increased geopolitical premium and rotation out risk assets on expectations of higher Fed rate have made a significant contribution to the weakening of currencies tied to business cycle fluctuations or those that correlate with equity returns. High uncertainty around the situation in Ukraine may discourage investors to buy those currencies in near-term, at the […]
UK Data Soft Patch ContinuesGBP traders have been hit by a further round of poor data this week. The latest PMI data sets for January, released yesterday, showed that both the manufacturing and services sector were weaker than expected over the month. The manufacturing PMI was seen falling back to 56.9, from the prior month’s […]
Bulls lift the market higher on the back of a stocks resurgence, but the specter of the Fed is on the horizon. 4314 Total views 37 Total shares Bitcoin (BTC) held onto fresh upside on Tuesday after a resurgent stock market took the largest cryptocurrency above $37,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView. Fed […]
Shares of AMC Entertainment Holdings Inc. AMC, -2.69% fell 4.9% toward an eight-month low in morning trading Tuesday, which puts them on track to suffer a ninth-straight decline. The stock has plunged 30.6% during its losing streak, which would be the longest since the 11-day stretch that ended on Jan. 5, 2021. The Wall Street […]
The warning from the Financial Services Authority (OJK) comes on the heels of several calls for a crypto ban from Islamic NGOs in the country. 474 Total views 9 Total shares Indonesia’s financial watchdog the Otoritas Jasa Keuangan (OJK) warned financial institutions in the country against offering or facilitating crypto-asset sales. On Tuesday, the official […]
Ebay Inc. EBAY, +0.20% said Tuesday that it is expanding its “Authenticity Guarantee” to trading cards. The e-commerce site will start with trading cards sold for $750 or more by mid-2022, and will extend the guarantee to those sold for $250 or more after that. The service also includes handbags sold for $500 or more, […]
As Bitcoin’s price started trading below the $40,000 mark, crypto millionaires and investors on Twitter started sharing memes about getting jobs at fast-food restaurants. 3317 Total views 47 Total shares Prominent crypto entrepreneurs and supporters, who shared memes on Twitter about doing odd jobs amid an ongoing market crash, were joined by global fast-food giant […]
A New York State judge ruled Monday that the state’s face mask mandate in public places is unconstitutional and now void, the New York Times reported, citing court documents. Gov. Kathy Hochul enacted the mandate for all indoor public places including schools in December and later extended it to Feb. 1. But State Supreme Court […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after growing and reaching 50.0% fibo, the asset is trading to the downside. This movement may be considered another descending impulse within the downtrend; its closest target is the low at 1.1186, a breakout of which may lead to a further decline […]
