Day: May 18, 2022
UK Labour Data Improves AgainThe British Pound is back in favour this week following a bumper set of labour market indicators this morning. UK wages were seen rising by 7% over the three months ending in March, marking their fastest pace of growth since summer 2021. Alongside this, the unemployment rate was seen falling back […]
The Food and Drug Administration said Tuesday that children between the ages of 5 and 11 years old can get a booster dose of BioNTech SE and Pfizer Inc.’s PFE, +1.32% COVID-19 vaccine. Children in this age group should wait at least five months after getting the primary series of shots. The regulator authorized a […]
“Cloudflare is going to participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, as well as energy-efficient for everyone,” the firm stated. 812 Total views 67 Total shares Ahead of Ethereum’s highly anticipated switch to proof-of-stake (PoS), cyber security firm Cloudflare is set to launch and fully stake […]
U.S. Bancorp USB, +2.86% said Monday it no longer expects to close its $8 billion acquisition of the core regional banking franchise of MUFG Union Bank, N.A., as announced in September. The bank cited U.S regulatory approvals for the delay, but said it continues to “make significant progress in planning for closing and integration while […]
Analysts in both crypto and traditional markets have noted some startling similarities between the recent downturn and the one caused by a pandemic panic in March, 2020. The real question is whether it’s the start of a larger downturn or if there will be a significant bounce-back as in 2020 that led to an extended […]
President Joe Biden on Tuesday called Saturday’s mass shooting in Buffalo, New York, “domestic terrorism,” and blasted backers of the so-called great replacement conspiracy theory. “I condemn those who spread the lie for power, for political gain and for profit,” the president said on a visit to the city. A white 18-year-old shot and killed […]
Type: Bullish BounceKey Levels:Resistance: 633’6Pivot: 626’2Support: 615’0Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 633’6 in line with the horizontal pullback resistance from our pivot of 626’2 in line with the 61.80% Fibonacci retracement and horizontal pullback support.Alternative Scenario:Alternatively, price may […]
US Retail Sales Up NextThe main data focus for today’s US session will be US retail sales for April. The market is looking for retail activity to have slowed last month. Forecasts call for headline retail sales to improve to 1% from 0.5% prior, while the core reading is expected to have fallen back to […]
Thirty-one percent of shareholders participating in JPMorgan Chase & Co.’s JPM, +3.31% annual meeting supported a $52.6 million options award to CEO Jamie Dimon in his 2021 compensation package, according to a transcript of the event on Tuesday. Dimon drew the bonus on top of his regular pay to bring home total compensation of $84.4 […]
