Day: May 12, 2022
The Nasdaq Composite COMP, -0.00% dropped 1.0% in midday trading Thursday, putting it on track for an 18-month closing low, even though the Nasdaq exchange’s internals are showing a positive reading. The number of advancing stocks topped decliners 2,145 to 2,030, while volume in advancing stocks represented 55.1% of the total volume. The NYSE is […]
A snapshot motion issued by the PancakeSwap team received over 11 million CAKE votes since commencement, with the majority of participants favoring the v2 evolution. 1839 Total views 43 Total shares PancakeSwap, the decentralized finance (DeFi) application built on Binance Smart Chain, synonymous with its automated market maker (AMM) service and its quirky branding style, […]
President Joe Biden plans to speak on Thursday afternoon with “retailers and infant formula manufacturers to receive an update on efforts to make infant formula supply more available to American families,” a White House official said in a statement. In addition, the official said that later this afternoon the White House will “announce additional actions […]
GBPUSD remains under bearish pressure; there is no good news. The Pound sterling continues weakening against the USD on Thursday. the current quote for the instrument is 1.2205. Today’s flow of statistics didn’t give the Pound a single chance to reach stability. For example, it turned out that according to the preliminary report, the British […]
EURUSD hit another multi-month bottom while investors are trying to escape risks. The major currency pair is back to falling. The current quote for the instrument is 1.0429. Earlier today, the Euro hit the bottom of March of 2020 and it might be only the beginning. Market players are escaping risks when each new sale […]
Daily Market Outlook, May 11, 2022 Overnight Headlines China Inflation Exceeds Forecasts As Lockdowns Roil Supplies Australia Consumer Sentiment Dives As Rates, Inflation Rise BNZ: Risk Of New Zealand Recession `Rising By The Day’ NZ Government Brings Forward Full Border Opening To End Of July Fed’s Bostic: The US GDP Will Increase By 2.6% This […]
Ethereum’s native token Ether (ETH) plunged to its lowest level in almost two months against Bitcoin (BTC) as a crypto market sell-off intensified on May 12. Macro headwinds catch up to ETH/BTC finally The ETH/BTC trading pair fell by 7.5% to 0.0663 in the past 24 hours. The downside move came as a part of a correction […]
The number of COVID-19 fatalities in Europe passed the two million mark on Thursday, AFP reported, citing a statement from the World Health Organization. “A devastating milestone has passed as reported confirmed COVID-19 deaths from countries in the WHO European Region have exceeded more than 2 million people,” the UN health agency said in a […]
LUNA/UST debacle leads to discrepancies in BTC-stablecoin trading pairs across global cryptocurrency exchanges. 2161 Total views 15 Total shares Cryptocurrencies markets continue to suffer major losses following the depegging of Terra (LUNA) ecosystem’s stablecoin UST – causing discrepancies between stablecoin pegs and the value of Bitcoin (BTC). Stablecoin Tether (USDT) showed signs of stress as […]
President Joe Biden on Thursday issued a statement marking one million U.S. deaths from COVID-19. “As a nation, we must not grow numb to such sorrow. To heal, we must remember. We must remain vigilant against this pandemic and do everything we can to save as many lives as possible, as we have with more […]
