Day: May 5, 2022
Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch
EURUSD, “Euro vs US Dollar” After breaking 1.0580 to the upside, EURUSD is expected to correct up to 1.0670. Later, the market may form a new descending structure to return to 1.0580 and then start another growth with the target at 1.0696. GBPUSD, “Great Britain Pound vs US Dollar” Having broken 1.2580 upwards, GBPUSD is […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking 8/8 and leaving the “overbought area”, USDCHF is expected to break 7/8 and continue falling to reach the support at 5/8. However, this scenario may be cancelled if the price breaks the resistance at 8/8 to the upside. After that, the instrument may […]
FOMC Up NextThe FOMC meeting later todayholds the potential to be a key, near-term catalyst for FX price action. Withtraders expecting the Fed to hike rates by .5%, the focus now will be one theaccompanying guidance issued alongside the rate decision. Should the Fedmaintain its recent hawkishness, focusing on the need to normalise policy so […]
GBPCAD Remains Under PressureThe short idea issued inGBPCAD has seen the market trading down towards the target at 1.5894. While we’veseen a little corrective action recently, the bias remains firmly bearish forthe pair while below the 1.6293 level, keeping the focus on an eventual test ofthe 1.5899 level. Retail traders remain heavily long here and […]
Gucci’s past efforts into Web3 have culminated with the brand accepting 12 cryptocurrencies at a few select stores, with a wider rollout planned for the future. 1605 Total views 36 Total shares The Italian high-end fashion label Gucci has announced it will begin accepting cryptocurrency payments by the end of the month in five of […]
U.S. stocks closed sharply higher Wednesday, jumping as Federal Reserve Chair Jerome Powell delivered remarks following the conclusion of the Fed’s two-day policy meeting. The Dow Jones Industrial Average DJIA, +2.81% ended around 932 points higher, or 2.8%, while the S&P 500 SPX, +2.99% climbed about 3% and the Nasdaq Composite COMP, +3.19% jumped about […]
A new crypto litigation tracker from commercial law firm Morrison Cohen LLP shows details of more than 300 active and settled court cases since 2013. Morrison Cohen is a New York-based firm that caters to large financial institutions, entrepreneurs and early-growth stage companies, and specializes in capital markets, business litigation, real estate and bankruptcy to […]
Costco Wholesale Corp. COST, +3.10% said late Wednesday its April net sales rose 13.9% to $17.33 billion, from $15.21 billion in April 2021. Same-store sales rose 12.6%, the retailer said, with e-commerce sales up 5.7%. The month had one fewer shopping day as compared with last year’s thanks to the later-than-usual Easter holiday. That trimmed […]
The Financial and Consumer Services Commission (FCNB) is warning the public of scammers impersonating enforcement employees from FCNB. FCNB was made aware of the scam from a Nova Scotia resident, who received a telephone call from a person identifying themselves as Sam Henderson and a Karen Fherwood. Henderson and Fherwood falsely claimed to work for […]