Day: May 11, 2022
EURUSD has fixed within a sideways range while waiting for important news. The major currency pair is consolidating inside the range not far from the lows. The current quote for the instrument is 1.0568. Investors are still analysing the US Fed’s actions and predicting its future moves. It’s been a week since the regulator’s latest […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the resistance level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may re-test Tenkan-Sen and Kijun-Sen at 1.2385 and then resume moving downwards to reach 1.1965 Another signal in favour of a […]
US CPI Up NextThe key data focus today will be the release of US CPI for April. The release is drawing plenty of attention given that headline inflation is expected to have grown just 0.2% last month, from the prior month’s 1.2% surge. There’s been lots of talk about inflation plateauing in the US and, […]
Type: Bearish ContinuationKey Levels:Resistance: 1622’6Pivot: 1611’2Support: 1581’0Preferred Case:With price expected to reverse off the Ichimoku resistance and Fibonacci confluence area, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 1611’0 in line with the Fibonacci confluence area.Alternative Scenario:Alternatively, price […]
The founder of the $723.5 million Azuki nonfungible token (NFT) project “Zagabond” caused a sh*tstorm yesterday after revealing that they had previously worked on three abandoned NFT projects. After facing strong backlash from the NFT community, they have since apologized for their “shortcomings.” The three projects in question are Tendies and CryptoPunks copycats CryptoPhunks and […]
Oil prices rose about 3% during trading today, Wednesday, May 11, 2022, after losses of nearly 10% during the previous two sessions. The rally is supported by concerns about supplies; The European Union is working to win support for a Russian oil embargo. Major producers have warned that they may struggle to plug the deficit […]
• WTI reversed from support area• Likely to rise to resistance level 108.80 WTI crude oil recently reversed up from the support area located between the key support level 97.60 (which has been reversing the pair from April) and the lower daily Bollinger Band. The price is currently forming the daily Bullish Engulfing – which […]
• EURCAD reversed from resistance area• Likely to fall to support level 1.3600 EURCAD recently reversed down from the resistance area located between the key resistance level 1.3750 (which has been reversing the pair from March) and the upper daily Bollinger Band. This resistance area was further strengthened by the 50% Fibonacci correction of the […]
The Fresh Market Holdings said Wednesday that South American retailer Cencosud agreed to invest $676 million for a 67% ownership position in the Greensboro, N.C.-based, 160-store supermarket chain in 22 states. The Berry family, management and Apollo Global Management Inc. APO, +3.12% will retain a minority position in Fresh Market, which generated $1.93 billion in […]
We have seen some recent social media posts regarding cryptoassets and non-fungible tokens (NFTs). We cannot comment on individual products. However, as we have said previously, the FCA has not been given regulatory oversight over direct investments in cryptoassets and NFTs. There are no consumer protections for those who buy any cryptoassets and NFTs, and […]
