Oil futures declined on Tuesday, as some concerns over the Russia-Ukraine crisis eased, pulling U.S. prices down by almost 4%. “We estimate that oil prices are $10-$20 higher than they should be because of uncertainty surrounding Russia/Ukraine,” said David Bahnsen, chief investment officer at The Bahnsen Group. “With oil prices in the $90s, demand may […]
Daily Market Outlook, February 15, 2022 Overnight Headlines Japan’s Economy Rebounds During Lull Before Omicron Wave Analysts Say PBoC May Cut RRR, Interest Rates This Year – CSJ China Banks Boost Lending To Property Sector In January – CSJ Australia’s Central Bank Has Goals In Sight, Just Waiting On Wages CBA Brings Forward First RBA […]
Type: Bullish BounceKey Levels:Resistance: 45638.02Pivot: 41318.43Support: 39787.44Preferred Case:Price broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement towards 1st Resistance in line with 78.6% Fibonacci projection. Our bullish bias is further supported by the Ichimoku cloud indicator […]
The largest bank in the US, JPMorgan, has taken a massive step into the Metaverse, opening a virtual lounge in the popular blockchain-based world Decentraland after it labelled the sector as a $1 trillion opportunity. Visitors to the lounge, situated in Decentraland’s Metajuku mall, are greeted by a roaming tiger and a digital portrait of […]
Stocks finished sharply higher Tuesday, with major indexes snapping a three-day losing streak, as Russia said it was pulling back some troops from the border with Ukraine after concluding military exercises. The Dow Jones Industrial Average DJIA, +1.22% rose around 422 points, or 1.2%, to finish near 34,988, according to preliminary figures, while the S&P […]
“Been working on that since 2016. Unbelievable that Congress won’t unite to end the unjust, immoral, and unconstitutional practice of civil asset forfeiture,” said congressman Warren Davidson. 1565 Total views 37 Total shares Ohio’s eighth district congressman Warren Davidson has introduced the “Keep Your Coins” bill in the House of Representatives to protect individuals’ self-custodied […]
Shares of Toast Inc. TOST, +2.48% fell more than 11% in the extended session Tuesday after the restaurant-focused payments company reported a mixed quarter, showing a wider per-share loss in the fourth quarter than Wall Street expected but higher revenue. Toast said it earned $2 million, swinging from a net loss of $61 million in […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1318; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1365 and then resume moving downwards to reach 1.1190. Another signal in favour of a further downtrend will be a […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to rebound from 5/8 and then resume falling to reach the support at 3/8. However, this scenario may no longer […]
Republicans are calling for a boycott of voting on nominees to the Federal Reserve related to allegations of lobbying by Sarah Bloom Raskin. 1241 Total views 21 Total shares Members of the U.S. Senate Banking committee have reportedly divided along party lines regarding President Joe Biden’s pick of Sarah Bloom Raskin as vice chair for […]