Day: March 10, 2022
Goldman Sachs Group Inc. GS, -1.16% said Thursday it plans to wind down its business in Russia “in compliance with regulatory and licensing requirements,” according to an email to MarketWatch and other news organizations. The bank said it’s supporting its clients across the globe “in managing or closing out pre-existing obligations in the market and […]
Michael Schmid first made contact with Bitcoin (BTC) in 2013; he installed Bitcoin core, mined a few BTC then bought some Bitcoin from MtGox. Schmid told Cointelegraph that shortly after the infamous Mt. Gox hack, in which Schmid lost his Bitcoin, he also “lost interest”. Timewarp to 2020 and Schmid got “very active again,” as […]
The European Central Bank, calling Russia’s invasion of Ukraine a “watershed for Europe,” on Thursday said it would adjust its Asset Purchase Program, or APP, in the months ahead to take into account “the uncertain environment.” The ECB said its Governing Council also expressed support for the Ukrainian people. The central bank will end its […]
AUDUSD has been “in the black” for the second week in a row despite natural disasters. The Australian Dollar is actively strengthening against the USD. The current quote for the instrument is 0.7336. One reason is that the improvement in global geopolitics has a positive influence on traded currencies. Another supporting factor comes from a […]
EURUSD successfully continues its positive momentum; all eyes are now on the Fed and statistics. The major currency pair recovered pretty much yesterday. The current quote for the instrument is 1.1041. The local improvement in geopolitical tensions had an immediate impact on EURUSD – the demand for the “safe haven” USD dropped and the European […]
Type: Bullish RiseKey Levels:Resistance: 13946Pivot: 13484 Support: 12294Preferred Case:On the H4 chart, price is near our pivot of 13118 in line with horizontal overlap support and 78.6% Fibonacci projection. Price can potentially rise to our 1st resistance level at 14405 in line with the 100% Fibonacci projection. Our bullish bias is supported by how price […]
Type: Bearish ReversalKey Levels:Resistance: 239.30Pivot: 232Support: 221.25Preferred Case:Price is near pivot level of 232 in line with 23.6% Fibonacci retracement. Price can potentially dip to the support level of 221.25 with a graphical swing low level. Our bearish bias is supported by prices trading under the Ichimoku cloud indicator. Alternative Scenario: Price could also head […]
U.S. stocks opened with sharp gains Wednesday, finding support as oil futures pulled back from nearly 14-year highs while investors monitor developments in the Russia-Ukraine war. The Dow Jones Industrial Average DJIA, +1.15% was up 606 points, or 1.9%, at 33,242, whiel the S&P 500 SPX, +2.57% jumped 2% to 4,254. The Nasdaq Composite COMP, […]
The stock prices of crypto-related companies have jumped as the broader market reacted positively to United States President Joe Biden’s long-awaited executive order. This will require U.S. federal agencies to create a regulatory framework for digital assets, as well as explore a future digital dollar. Coinbase surged up 10.5% at market close, while shares in […]
Shares of Chevron Corp. CVX, -2.50% dropped 2.6% in morning trading Wednesday, putting them on track to snap a long losing streak, as hopes for some easing of Russia’s military attack on Ukraine triggered a pullback in crude oil prices. Chevron’s stock was the biggest decliner, of the only 2 of 30 Dow Jones Industrial […]
