Day: April 26, 2022
Daily Market Outlook, April 26, 2022 Overnight Headlines China Central Bank Seeks To Calm Markets With Support Pledge Japan Readies $48bn Package To Ease Inflation Pain – Nikkei Goldman Sachs Now Sees ECB Hiking Interest Rates In July Oil Advances As Investors Weigh China’s Covid-19 Resurgence Dollar Ascends On China Covid Fears, Fed Rate Hike […]
Gold & Silver Fall As USD Strengthens on Hawkish Fed ViewsThe yellow metal remains under pressure this week, opening with heavy selling in Europe, as traders digest recent hawkishness from the Fed. Fed chairman Powell last week confirmed that the Fed is looking to hike rates by 0.5% in May and is committed to aggressively […]
Oil futures finished sharply lower on Monday, with U.S. benchmark prices marking their lowest finish since two weeks. Oil sold off amid the ongoing lockdowns in Shanghai and other parts of China, “seriously denting petroleum demand there,” said Marshall Steeves, energy markets analyst at S&P Global Commodity Insights. “This really illustrates the supremacy of the […]
A stock-market selloff took a breather Monday afternoon, with the Dow Jones Industrial Average on track for its biggest intraday bounce-back from negative territory since February. The blue-chip gauge tumbled sharply in early trade, falling 487.7 points, or 1.44%, at its session low, before turning higher in afternoon action. The Dow DJIA, +0.70% was up […]
Tesla Inc. shares TSLA, -0.70% dipped slightly in afternoon trade, after Chief Executive Elon Musk reached an agreement to acquire Twitter Inc. TWTR, +5.66%, raising concerns about how much he will be distracted in running the electric car company. The stock, which opened at $978.97 and touched an intraday high of $1,008.62, was last down […]
NZCAD Sell-Off DeepensThe NZDCAD short trade issued ahead of the recent BOC meeting is developing nicely with price close to hitting the final target at .8351. The Canadian Dollar has been much stronger in the wake of the meeting, which saw the BOC hike rates by .5%. However, the .8351 level marks an important level […]
Type: Bullish BounceKey Levels:Resistance: 0.67284Pivot: 0.65331Support: 0.63834Preferred Case:We see the potential of bullish bounce from pivot level of 0.65331 in line up with 161.8% fibonacci extension and 78.6% fibonacci projection towards the 1st resistance level of 0.67284 in line with 38.2% fibonacci retracement.Alternative Scenario:Alternatively, price might break through the key pivot level and trigger a […]
The Consumer Financial Protection Bureau (CFPB) said Monday it’s tapping a mostly unused legal provision to examine nonbank financial companies that pose risks to consumers. “The CFPB believes that utilizing this dormant authority will help protect consumers and level the playing field between banks and nonbanks,” it said in a prepared statement. The CFPB is […]
