Day: January 27, 2022
Ripple’s ongoing battle with the SEC isn’t stopping the blockchain payments company from carving out a stronger position in the market. 960 Total views 29 Total shares Blockchain payments company Ripple (XRP) made it abundantly clear this week that it’s not letting its feud with the United States Securities and Exchange Commission (SEC) hold back […]
U.S. Steel Corp. X, -0.11% shares rose nearly 2% in the extended session Thursday after the steel producer posted quarterly sales above Wall Street expectations. U.S. Steel said it earned $1.1 billion, or $3.75 a share, in the quarter, compared with $49 million, or 22 cents a share, in the year-ago period. Adjusted for one-time […]
Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Dennis K. Thomas and John J. Bartoletta, both Florida residents, for registration and reporting violations under the Commodity Exchange Act (CEA) and CFTC regulations. Specifically, the order finds that Thomas acted as an unregistered associated person (AP) […]
EURUSD, “Euro vs US Dollar” After breaking the consolidation range to the downside at 1.1244 and forming a downside continuation pattern, EURUSD is falling to reach the target at 1.1188. Later, the market may correct to test 1.1244 from below and then start a new decline with the target at 1.1180. GBPUSD, “Great Britain Pound […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to break 7/8 and continue growing to reach the resistance at 8/8. However, this scenario may be cancelled if the price […]
Oil prices are turning up, and Brent crude is near $91 Oil prices turned up about 1% during trading on Thursday, with Brent crude rising near $91 a barrel, with geopolitical concerns continuing to support prices. Oil prices were lower in early trading, with the US dollar gaining after indications that the Federal Reserve will […]
Gold prices fell in trading Thursday, with the US dollar rising, after indications that the Federal Reserve will tighten monetary policy, and intend to raise interest rates starting next March. Geopolitical concerns about an imminent war between Russia and Ukraine have limited fears amidst the demand for the yellow metal as a safe haven. Gold […]
Fed Turns Up The HawkUSD bulls were not left disappointed by last night’s FOMC meeting. The Fed satisfied hawkish expectations, noting that “it will soon be appropriate to raise the target range for the federal funds rate”. With tapering of QE due to end by early March, the market expects the Fed to lift rates […]
Oil Longs Hit Ten Week HighsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week by a further 26,000 contracts. This latest increased takes the net upside position back up to ten-week highs. Oil has been steadily bought over recent weeks, reflected in the ongoing rally in […]
• GBPJPY reversed from support level 153.00 • Likely to rise to resistance level 155.00 GBPJPY currency pair recently reversed up from the key support level 153.00 standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from December. The upward reversal from the support level 153.00 stopped he […]
