Day: May 9, 2022
Shares of Philip Morris International Inc. PM, +1.62% rallied 1.6% in midday trading Monday, after the cigarette and smokeless tobacco giant confirmed that it was in talks with Swedish Match AB SWMAY, +20.73% SWMA, -0.58% regarding a potential buyout bid. “The discussions are in progress and it is uncertain whether an offer will be made,” […]
As global growth concerns mount, the Canadian dollar falls to a five-month low. On Monday, the Canadian dollar fell to its lowest level in nearly five months against the US dollar, as investors became more concerned about the global economic outlook after China’s two largest cities tightened COVID-19 curbs. Global stock markets extended recent losses, […]
Type: Bearish ContinuationKey Levels:Resistance: 783’4Pivot: 778’0Support: 767’2Preferred Case:With the Ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the 78.6% Fibonacci retracement and horizontal pullback support from our pivot of 778’0 in line with the horizontal pullback support.Alternative Scenario:Alternatively, price may break pivot […]
Metals Markets Falling On Higher USD Gold and silver remain subdued this week as recent strength in the US Dollar continues to act as a barrier. With the Fed having hiked rates by .5%, and signalling further .5% hikes to come, USD remains firmly in demand. The Fed cited excessive inflation and tightness in the […]
• WTI crude oil reversed from resistance zone• Likely to fall to support level 105.00 WTI crude oil recently reversed down from the resistance zone lying between the key resistance level 108.80 (top of the previous impulse wave 1) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the earlier […]
• NZDUSD broke key support level 0.6410• Likely to fall to support level 0.6300 NZDUSD currency pair under the bearish pressure after the price broke the key support level 0.6410 (which reversed the price sharply at the start of this month). The breakout of the support level 0.6410 accelerated the active impulse waves 3 and […]
The FCA has prohibited five directors of financial advice firms from working in financial services and fined them over £1 million, after they caused significant losses to pension customers. The decisions follow an extensive 300-page judgement issued by the Upper Tribunal in which the five directors unsuccessfully challenged the FCA’s decisions. The Tribunal found Andrew […]
Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk. 780 Total views 24 Total shares Data from website traffic metric provider Similarweb shows that Deribit and OKX continue to attract significant traffic sources from China despite a blanket ban on crypto transactions and foreign exchanges last year. […]
Rates on 5-, 10- and 30-year Treasury inflation-protected securities continue to rise on Monday — hitting their highest or least negative levels in more than two years, according to Tradeweb. Monday’s rise in real, or inflation-adjusted, rates was accompanied by a continued selloff of U.S. stocks across the board. The 5-year TIPS yield traded at […]
Bitcoin (BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sinks under $36,700 Data from Cointelegraph Markets Pro and TradingView confirmed the firmly bearish achievement for BTC/USD, which hit $32,637 on Bitstamp. […]
