Day: May 25, 2022
NZDUSD continues rising supported by the RBNZ’s decisions. The New Zealand Dollar continues rising against the USD in the middle of the week. The current quote for the instrument is 0.6498. The Reserve Bank of New Zealand had another meeting earlier today. the benchmark interest rate was raised from 1.5% to 2.0%, just as expected. […]
Iraq is preparing to reap many profits from the rise in oil prices, which have been trading above the $100 per barrel barrier since the beginning of this year. Iraq expects that there will be no budget deficit, supported by the rise in crude prices, with financial savings that will be directed to a number […]
Type: Bullish RiseKey Levels:Resistance: 62005Pivot: 61328Support: 61328Preferred Case:With price moving within the ascending trend channel and above the ichimoku cloud, it supports our bullish bias that price will bounce off the pivot at 61328 in line with the confluence area with 50% fibonnaci retracement, 23.6% fibonacci retracement and 78.6% fibonacci projection , to the 1st […]
Type: Bullish BounceKey Levels:1st Resistance: 771’62nd resistance: 785’6Pivot: 760’2Support: 749’4Preferred Case:With price reaching the bottom of the trend channel and is expected to move within it, we have a bullish bias that price will rise from the pivot level at 760’2 in line with 78.6% Fibonacci projection and 161.8% Fibonacci extension , to the 1st […]
• EURCAD continues daily downtrend• Likely to fall to support level 1.3600 EURCAD recently reversed down from the pivotal resistance level 1.3755 (which reversed the pair multiple times from April). The resistance level 1.3755 is further strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci retracement of the previous downward impulse from […]
• EURGBP reversed from resistance level 0.8590• Likely to fall to support level 0.8450 EURGBP currency pair recently reversed down from the key resistance level 0.8590 (which has been reversing the price from last November) strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 0.8590 is currently forming the daily […]
GBBC’s CEO also highlighted the need for female representation in crypto trading and claimed “bro culture” is prevalent. 1882 Total views 20 Total shares The fourth day of the ongoing World Economic Forum saw major discussion around the role of women in Web3 and how the decentralized ecosystem can be a place for inclusivity. Women […]
Eli Lilly & Co. Inc. LLY, +0.18% said Wednesday that it plans to invest $2.1 billion in two new manufacturing sites in Indiana. The proposed sites are expected to create 500 jobs for Lilly workers. The company’s stock is up 10.8% for the year, while the broader S&P 500 SPX, +0.17% has declined 17.3%. Source: […]
Bitcoin (BTC) briefly returned to $30,000 before the May 25 Wall Street open as range adherence lingered. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC should challenge 2-week highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD managing to hit $30,189 on Bitstamp before consolidating back under the $30,000 mark. While appearing uninspiring […]
Proxy research firm Institutional Shareholder Services is recommending against a proposed by Shopify Inc. SHOP, +1.19% to issue one founder share to its CEO Tobi Lütke, Barron’s reported on Wednesday. Combined with other securities at the internet commerce company, the founder share would help Lütke hold 40% of the total voting power of all of […]
