Day: April 21, 2022
EURUSD continues recovering after updating the lows earlier. The major currency pair is trying to keep the positive momentum. The current quote for the instrument is 1.0918. One of the ECB policymakers said yesterday that the regulator might raise the benchmark interest rate as early as July. In his opinion, the ECB didn’t have to […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the cloud’s upside border at 1.0897; bears have failed to fix the price below the support area at 1.0805. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at […]
Oil prices rose by more than 1.5%, during trading on Thursday, with the emergence of supply concerns due to a possible European Union embargo on Russian oil, days after the decline in supplies from Libya rocked the market. This comes amid tight supply fundamentals, with sentiment receiving additional support with a significant drawdown in US […]
Type: Bearish ReversalKey Levels:Resistance: 101.159Pivot: 100.742Support: 99.394Preferred Case:We see that price is near pivot level and it is on a bearish momentum. Price can potentially dip from pivot level of 100.742 which lines up with 138.2% Fibonacci extension towards the 1st support level of 99.394 which is in line with 50% Fibonacci retracement, along with […]
Hawkish Details EmergeThe Australian Dollar is trading higher today following the release of the April RBA meeting overnight. The minutes confirmed a hawkish shift in the bank’s outlook with the bank noting that the recent lift in inflation and wage growth “have brought forward the likely timing of the first increase in interest rates”. This […]
There are a few ways for regulators to limit the usage of noncustodial wallets, but there is no way to ban it completely, SatoshiLabs CFO said. 2033 Total views 42 Total shares As regulators grow increasingly concerned about investors moving their cryptocurrency out of centralized exchanges, one industry exec has assessed the probability of a […]
Shares of Freeport-McMoRan Inc. FCX, -1.46% pulled back 3.2% in premarket trading Thursday, after the gold and copper miner reported first-quarter profit and revenue that beat expectations, while trimming its outlook for quarterly copper sales. Net income more than doubled to $1.53 billion, or $1.04 a share, from $718 million, or 48 cents a share, […]
The reported discussion between the two CEOs of the company happened in March last month, at a time when FTX requested CFTC to eliminate the role of brokers in product offerings. 184 Total views 6 Total shares Goldman Sachs is reportedly pursuing an alliance with one of the top cryptocurrency exchanges FTX. The chief executive […]
Xerox Holdings Corp. shares XRX, +1.48% slid 1.8% premarket Thursday, after the maker of copiers and printers swung to a loss in the first quarter, weighed down by supply chain issues and inflationary pressures. The company posted a net loss of $56 million, or 38 cents a share, for the quarter, after earnings of $39 […]
The Financial Conduct Authority (FCA) has stopped David Stock & Co Limited (DS&C), a firm that advised on transfers from the British Steel Pension Scheme (BSPS), disposing of assets without FCA permission. In March 2022, the FCA launched a consultation on a redress scheme for former members of BSPS. The FCA wrote to firms who […]
