Day: February 3, 2022
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 6/8, break it, and continue falling to reach the support at 5/8. However, this scenario may be cancelled if […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Long-Legged Doji reversal pattern close to the resistance level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the downside target may be at 1.1260. However, an alternative scenario implies […]
Factory orders in the United States fell in December, while shipments increased. In December, new orders for American-made goods declined somewhat more than predicted, but manufacturing is still supported by businesses refilling stockpiles. Factory orders fell 0.4 % in December, according to the Commerce Department. Orders increased 1.8 % instead of 1.6 % as previously […]
Oil and gas prices rise with Shell profits in the fourth quarter of 2021 Recorded $6.4 billion Oil and gas prices supported Shell in achieving record profits during the fourth quarter of last year, exceeding analyst expectations, recording $6.4 billion, an increase of 55% from the third quarter of 2021. Shell’s adjusted profit beat the […]
Dollar reversed gains made in the first half of Thursday session with the DXY shedding nearly half a percentage point after EU and UK central banks signaled that they would be catching up with the Fed in terms of policy tightening. The Bank of England raised the rate to 0.5%, however, the fact that 4 […]
Daily Market Outlook, February 3, 2022 Overnight Headlines Fed’s Daly: ‘Gradual’ Rate Hikes Won’t Derail The Economy Biden’s Three Fed Board Nominees Vow To Tackle Inflation Yellen Sets Inflation Blame Abroad, Defends Biden Stimulus US House China Competition Bill Set For Passage This Week US Sends 3,000 Troops To Aid Allies In Russia-Ukraine Crisis Putin […]
• FTSE100 reversed from resistance zone • Likely to fall to support level 7500.00 FTSE100 index recently reversed down from the resistance zone lying between the key resistance level 7600.00 (which has been reversing the index from the middle of January) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the […]
House Representative Suzan DelBene, introducing the latest iteration of the bill, said the United States needs to “ensure that our tax code evolves with our use of virtual currency.” 2209 Total views 85 Total shares A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under […]
Clorox Co. CLX, -0.99% shares fell nearly 9% in the extended session Thursday after the maker of cleaning and other products got hit by lower margins and fewer sales amid “challenging” costs and inflation. Clorox said it earned $69 million, or 56 cents a share, in the fiscal second quarter, compared with $259 million, or […]
The developer of Super Mario and Pokemon franchises cares more about providing a good experience for its players than winning a console race. 716 Total views 39 Total shares After releasing its latest financial results report, Nintendo held a live Q&A where they reportedly expressed “interest” in the “potential” of the Metaverse when it comes […]
