Day: February 2, 2022

Feb 02
Bitcoin price dips below $37K as a descending channel pattern comes back into play

Bitcoin’s repeat visit to the sub-$37,000 range is re-enforcing analysts’ view that BTC is either set for a lengthy consolidation or further downside. 2784 Total views 6 Total shares The crypto market is once again in the red on Feb. 2 as global financial markets continue to see increased volatility.  Data from Cointelegraph Markets Pro […]

Feb 02
T-Mobile rallies after Q4 profit beat

Shares of T-Mobile US Inc. TMUS, +0.03% rallied more than 7% late Wednesday after the telecommunications company reported fourth-quarter per-share profit well above expectations and sales that fell slightly short. T-Mobile said it earned $422 million, or 34 cents a share, in the quarter, compared with $750 million, or 60 cents a share, in the […]

Feb 02
Ichimoku Cloud Analysis 02.02.2022 (NZDUSD, USDCAD, AUDUSD)

NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is trading at 0.6634; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6685 and then resume moving downwards to reach 0.6455. Another signal in favour of a further downtrend […]

Feb 02
Murrey Math Lines 02.02.2022 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to break 6/8 and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be […]

Feb 02
Rising EU Inflation Unlikely to Force ECB to Change its Mind

The rise in prices in the Eurozone once again surprised, primarily due to an increase in energy prices, but there are few qualitative positive changes. Core inflation, on the other hand, eased from 0.4% to 0.3%, indicating that a “second round” of inflationary effects, which could really make the ECB worry, has not emerged. The […]

Feb 02
Market Spotlight: First OPEC+ Meeting of 2022

OPEC In FocusThe first OPEC+ meeting of 2022 gets underway today. The group will decide on how to set its production levels for the coming months. Oil prices have been on a solid topside run recently with prices rallying over 40% since the December lows. So far, OPEC+ has stuck to its plan of maintaining […]

Feb 02
Youtuber and alleged thief publicly refuses to return investors' funds after $750k rug pull

“Yeah, I could give the money back. It is within my power, but I’m gonna look out for myself and not do that,” said Ice Poseidon when confronted in a video interview. 444 Total views 8 Total shares On Wednesday, American Youtuber and “internet detective” Coffeezillaa published a recorded interview of himself and disgraced Youtuber […]

Feb 02
Costco January sales gets boost from early Lunar New Year holiday

Costco Wholesale Corp. COST, +2.68% said late Wednesday its January sales rose 15.5% to $15.76 billion, from $13.64 billion in January 2021. January sales got a boost from an earlier Lunar New Year in 2022. The holiday, celebrated Feb. 1, fell 11 days earlier this year, a shift that “favorably impacted” January sales outside of […]

Feb 02
Colombia clamps down on crypto tax evasion as adoption thrives

Down in Bogotá, cryptocurrency adoption is raging on. Colombia’s tax authority, the DIAN, (Dirección de Impuestos y Aduanas Nacionales de Colombia) has begun to catch up. It seeks to take “special measures” to crack the whip on cryptocurrency tax avoiders.  In a statement released on Friday, the DIAN stated that it would attempt to better regulate […]

Feb 02
Wendy's is putting chicken on the breakfast menu with the new Hot Honey Chicken Biscuit

Wendy’s Co. WEN, -0.78% has added a couple of chicken options to its menu: the Hot Honey Chicken Biscuit, which marks the first breakfast addition since that menu was introduced in 2020, and the Hot Honey Chicken Sandwich, which is available for the rest of the day. The launches tap into the hot honey and […]