Day: May 19, 2022
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of another correctional impulse. In this case, the upside correctional target may be the resistance level at 1840.00. At […]
CIBCKey Headlines US$ kicked off the session bit weak, speculators probably sold $YEN reacted to weak UST yields. EUR$ also traded lower but was linked to EUR¥ cross. One information service provider reported there was decent block buying in the 2-year US note.FX FlowsFirst quarter flash GDP shrank 0.2% and annualised fell 1%. Nikkei Asian […]
Daily Market Outlook, May 18, 2022 Overnight Headlines Fed’s Powell: Will Keep Pushing Until Inflation Comes Down Fed’s Evans: Wants Smaller Rate Hikes By July Or September US To Block Russian Debt Payments, Raising Odds Of Default China Covid-19 Flareup Raise Risk Of More Disruptive Curbs Chinese New Home Prices Fall In First Time Since […]
“Not going away” — Mike Novogratz says that despite being permanently humbled by the recent Terra collapse, the crypto industry will continue to grow. 4045 Total views 22 Total shares Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his Terra- (LUNA)-inspired tattoo will serve as a […]
Shares of Visionary Education Technology Holdings Group Inc. VEDU, -80.00% plummeted 73.7% in afternoon trading Wednesday, to pace all decliners on a bad day for the major U.S. exchanges, a day after the Canada-based private education provider went public on the Nasdaq with a bang. The stock had closed Tuesday, it’s first day of trading, […]
“Merging Ropsten is a huge testing milestone towards Ethereum’s mainnet merge later this year,” said Preston Van Loon, an Ethereum core developer at Prysmatic Labs. 1035 Total views 23 Total shares The Ethereum ecosystem is set for a “huge testing milestone” with the Ropsten testnet Merge set to be conducted on June 8. According to […]
The Dow Jones Transportation Average DJT, -7.41% nosedived 1,031 points, or 7.0%, in afternoon trading Wednesday, will all 20 components trading lower, putting it on track for a 14-month closing low. That puts the Dow industrials on track for the biggest one-day decline since it lost 7.7% on June 11, 2020. Of the index’s biggest […]
The crypto job market shows few signs of slowing down despite high profile cases of staff layoffs and hiring freezes across big tech companies. In recent weeks, several major tech companies have announced a paring back of staff, citing a downturn in the traditional market and narrowing demand for products that had boomed during the […]
U.S. stocks tumbled Wednesday, with all three major benchmarks closing sharply lower as consumer stocks including Target Corp. were battered. The Dow Jones Industrial Average DJIA, -3.57% closed 3.6% lower, the S&P 500 SPX, -4.04% sank 4% and the technology-heavy Nasdaq Composite COMP, -4.73% dropped 4.7%, according to preliminary FactSet data. Shares of Target TGT, […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0600. However, an alternative scenario implies […]