Day: May 17, 2022
• Natural gas reversed from support level 6.500• Likely to rise to 9.000 Natural gas recently reversed up from the strong support level 6.500, coinciding with the 20-day moving average and the 50% Fibonacci correction of the upward impulse wave (3) from February. The support zone near the support level 6.500 was further strengthened by […]
• EURCAD reversed from support level 1.3400• Likely to rise to 1.3600 EURCAD today reversed up from the strong support level 1.3400 (which stopped the previous sharp downward impulse wave 3 at the end of last month). The upward reversal from the support level 1.3400 will most likely form the daily candlesticks reversal pattern Morning […]
Gold prices ended higher Tuesday for a second day in a row, with a pullback in the surging dollar helping to lift the yellow metal from its slump. Gold for June delivery gmc22 GC00, -0.01% rose about 0.3%, to settle at $1,818.90 an ounce on Comex, after dipping below the key $1,800-an-ounce threshold in trade […]
The CRS described the TerraUSD crash as a “run-like” scenario where holders started to doubt the reserves that back the dollar peg. 1895 Total views 19 Total shares The Congressional Research Service (CRS), a legislative agency that supports the United States Congress, has published a document that contains a rundown on algorithmic stablecoins and points […]
Solicitor General Elizabeth Prelogar has recommended against the U.S. Supreme Court taking up the Susan K. Musta vs Mendota Heights Dental Center case around whether insurers should provide workers compensation benefits for legal medical cannabis, according to a filing on Monday. “The legislative and executive branches of the federal government are best situated to consider […]
This week, 44 central bankers from developing countries around the world are attending a conference in El Salvador to discuss financial inclusion, financing for small and medium-sized businesses and Bitcoin (BTC). Central bank delegates from Ghana to Burundi, Jordan to the Maldives and Pakistan to Costa Rica arrived in San Salvador for the conference upon […]
Higher mortgage rates, soaring building costs and rising home prices drove the NAHB Home Builders Index to a nearly two-year low of 69 in May from 77 in the prior month, the National Association of Home Builders said Tuesday. The NAHB/Wells Fargo index was forecast to total 75. The big drop in the index points […]
The public advisory warned private firms to do their due diligence before hiring freelance workers, as North Koreans often use illicit tactics and stolen identities to hide their nationality. 775 Total views 44 Total shares The United States Department of Justice, State and the Treasury issued a joint advisery warning against the influx of North […]
GBPUSD is successfully moving away from its lows. The Pound sterling continues recovering against the USD on Tuesday. The current quote for the instrument is 1.2458. A short pause in the USD rally allows other traded currencies to reach stability or even recover a little bit. However, nothing really changes strategically. Earlier today, the United […]
EURUSD is slowly moving away from the lows. However, the asset is still rather weak. The major currency pair managed to move away from the lows on Tuesday. The current quote for the instrument is 1.0477. The European Commission worsened the Euro Area GDP expectations for 2022. The updated forecast implies 2.7% q/q against the […]
