Day: March 5, 2022

Mar 05
Press release on the suspension of trading in VGP

ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 7, § 3, OF THE LAW OF 2 AUGUST 2002 Trading in the financial instruments of VGP, BE0003878957, on Euronext Brussels is suspended from 25/10/2017 at 9:00 CET until the publication of a press release.     Source: FSMA

Mar 05
Press release on the suspension of trading in CP Invest

ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 7, § 3, OF THE LAW OF 2 AUGUST 2002 Trading in the financial instruments of CP Invest, BE0974273055, on Euronext Brussels is suspended from 25/10/2017 at 9:00 CET until the publication of a press release.     Source: FSMA

Mar 05
EPAM Systems to stop providing services to customers in Russia, will provide aid to 14,000 employees in Ukraine

EPAM Systems Inc. EPAM, -6.79% said Friday it will no longer service its customers based in Russia, in response to Russia’s invasion of Ukraine. The provider of digital transformation services said it will provide “transition support” for its customers in Russia, and is “actively evaluating” its other operations in the region. EPAM also announced $100 […]

Mar 05
Fears Of Supply Chains Wreckage Drive Commodity Prices up, Put Dent on European Currencies

Natural gas prices in Europe hubs renewed rally on Friday due to concerns about cold weather forecasts and continued uncertainty about Russian gas supplies to Europe in the light of military action in Ukraine.Meanwhile, the Ukrainian government’s ban on the export of gas stored in the country, including gas normally held by Western European operators, […]

Mar 05
Gold Futures (GC1!), H4 Bullish Continuation!

Type: Bullish ContinuationKey Levels:Resistance: 1964.4Pivot: 1935.3Support: 1923.7Preferred Case:Prices are consolidating in a triangle pattern. We see the potential for further bullish continuation from our Pivot at 1935.3 in line 23.6% Fibonacci retracement towards our 1st resistance at 1964.4 in line with 78.6% Fibonacci Extension and 100% Fibonacci Extension. Our bullish bias is further supported by […]

Mar 05
U.S. Dollar Index soars to highest since 2020, while euro is under pressure as Russia-Ukraine conflict deepens

The U.S. Dollar Index soared to its highest level in almost two years on Friday as the deepening Russia-Ukraine conflict led investors to continue flocking to safe havens, such as the greenback. The dollar index DXY, +0.74% rose 1% to 98.80, the highest level since May 2020. Meanwhile, the euro fell 1.4% to its lowest […]

Mar 05
Trading halt of Russian internet company Ozon's stock could trigger 'Delisting Event' if it continues

Ozon Holdings PLC OZON, -8.16%, one of Russia’s largest internet companies in Russia, said the halting of its stock by the Nasdaq could lead to a “Delisting Event” under terms of its $750 million, 1.875%, senior unsecured convertible bonds due 2026. Ozon’s American depositary shares has been halted by Nasdaq since Feb. 28. A “Delisting […]

Mar 05
Echelon Capital initiates coverage of cannabis company MariMed as speculative buy

Echelon Capital Markets analyst Andrew Semple on Friday initiated coverage of Norwood, Mass.-based multi-state cannabis operator MariMed Inc. MRMD, +2.68%, which trades on the OTC. Semple rated the stock a speculative buy and set a 12-month target price of $1.50 a share for MariMed, which has grown cannabis revenue by more than seven times in […]

Mar 05
Market Spotlight: GBPCAD Hits Second Target

GBPCAD Continues LowerThe downward trend in GBP this week has been most obvious against commodity currencies. With surging oil prices supporting CAD, and with the BOC kicking off its tightening operation this week, the GBPCAD short trade has continued develop with price now hitting the second target at 1.6853. With both MACD and RSI firmly […]

Mar 05
Silver Futures (SIK2022), H4 Bullish Continuation!

Type: Bullish ContinuationKey Levels:Resistance: 25.660Pivot: 25.150Support: 24.960Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 25.150 in line 23.6% Fibonacci retracement towards our 1st resistance at 25.660 in line with 78.6% Fibonacci Extension. Our bullish bias is further supported by […]