Day: April 23, 2022

CIBCFX FlowsJapanese Finance Minister Suzuki told reporters that he had discussed the recent rapid decline of the YEN with Treasury Sec Yellen. Both agreed to communicate closely on currency moves. He can’t comment on possibility of intervention. $YEN moved little higher but very cautiously. Annual inflation rose 1.2% in March, many economists said CPI likely […]

Gold futures fell Friday, down a fourth straight session, to post a loss of 2.1% for the week, according to Dow Jones Market Data. Prices fell “agonisingly short of $2,000 an ounce earlier this week, before slipping back,” said Michael Hewson, chief market analyst at CMC Markets UK. They finished the week lower, as another […]

Oil futures settled lower on Friday, contributing to a loss for the week. Market bears are concerned that “oil demand may not persist amidst the cloudy macro-economic environment,” said Manish Raj, chief financial officer at Velandera Energy Partners. “On the one hand we have [a] potential GDP slowdown due to rising interest rates and on […]

Powell spoke on Thursday, not Wednesday. This article has been corrected. Stocks fell sharply Friday afternoon, with the Dow down nearly 900 points as losses on Wall Street intensified ahead of the weekend. The Dow industrials skid 886 points, or 2.5%, to about 33,909, heading for its worst daily percent decline since Nov. 26, 2021, […]

Summary FINRA conducts annual elections to fill positions on the Small Firm Advisory Committee (SFAC), Regional Committees, National Adjudicatory Council (NAC) and FINRA Board of Governors (FINRA Board). This Notice provides: a description of responsibilities for the various groups; an overview of each elected vacancy to be filled in 2022; and a summary of how […]

Type: Bullish BounceKey Levels:Resistance: 139.967Pivot: 137.154Support: 135.611Preferred Case:With price expected to bounce off the support of the ichimoku cloud, we have a bullish bias that price will rise from our pivot of 137.154 in line with the 50% Fibonacci retracement, 78.6% Fibonacci projection and horizontal pullback support to our 1st resistance of 139.967 in line […]

Type: Bullish BounceKey Levels:Resistance: 95.765Pivot: 93.092Support: 90.924Preferred Case:With price expected to bounce off the support of the ichimoku cloud and the stochastic indicator, we have a bullish bias that price will rise from our pivot of 93.092 in line with the 50% Fibonacci retracement and horizontal pullback support to our 1st resistance of 95.765 in […]

Bitcoin (BTC) turned down sharply on April 21, maintaining its tight correlation with the U.S. equity markets, which reversed direction after U.S. Federal Reserve Chair Jerome Powell hinted that a 50 basis point rate hike was “on the table” in May. The selling has continued on April 22 as investors trim risky assets in expectation of […]

The 2-year Treasury yield TMUBMUSD02Y, 2.721% advanced two basis points to almost 2.72% on Friday, incrementally climbing to another fresh high last seen in December of 2018, according to FactSet data as of 3 p.m. Eastern time. The rate climbed around 28 basis points for the week as traders began to price in the likely […]