Day: May 26, 2022
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading below it to indicate a possible descending tendency. In this case, the pair is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. However, this […]
Type: Bearish MomentumKey Levels:Resistance: 773.7Pivot: 765.75Support: 755.45Preferred Case:Price has broken the ascending trendline and is moving below the ichimoku cloud, which supports our bearish bias that price will drop our pivot at 765.75 in line with the 38.2% fibonacci retracement to the support at 755.45 in line with the 50% fibonacci retracement.Alternative Scenario:Alternatively, price may […]
FOMC Minutes Confirm Fed HawkishnessThe May FOMC minutes last night were broadly as expected. The release reaffirmed the current Fed hawkishness yet, in light of the uptick in recent Fed commentary, the minutes came across a little dated. Notably the minutes confirmed that policymakers are expecting to hike rates by a further .5% in June […]
• GBPAUD reversed from support level 1.7620• Likely to rise to resistance level 1.7825 GBPAUD recently reversed up from the support level 1.7620, which is the lower boundary of the tight sideways price range inside which the pair has been moving from the start of May. The support level 1.7620 was further strengthened by the […]
White House press secretary Karine Jean-Pierre on Thursday criticized the National Rifle Association, after a reporter asked about the lobbying group’s plan to hold a convention on Friday in Houston, Texas, following the school shooting in Uvalde, Texas. “It’s not about the convention. What is inappropriate is that the leadership of the National Rifle Association […]
Deepfakes abound! Crypto scammers produce a deepfake video of Elon Musk’s TED talk to prey on unwitting social media users. 5771 Total views 79 Total shares Tesla CEO Elon Musk distanced himself from yet another fabricated video promoting a cryptocurrency scam. Originally shared on Twitter, the video in question was a deepfake of Musk purportedly […]
Shares of Iovance Biotherapeutics Inc. IOVA, +2.30% tumbled about 40% in after-hours trading on Thursday. The company had announced new clinical data for its experimental melanoma drug, including a 29% objective response rate in one cohort of patients. In that cohort, there were three complete responses and 22 partial responses, and the median duration of […]
Read Next Elon Musk commits more cash to Twitter deal, sending Twitter stock higher and Tesla shares lower Tesla Inc. undefined Chief Executive Elon Musk increased the amount of cash he is committing to acquiring Twitter Inc. undefined, according to a Wednesday filing with the Securities and Exchange Commission. Musk increased his commitment by $6.25 […]
A Lego Group vice president believes the Metaverse will be a disruptive force that will change the way people learn things, especially children. 1093 Total views 35 Total shares The Metaverse and Web3 dominated discussions on the fifth day of the ongoing World Economic Forum (WEF). The panel discussion “The Possibilities of the Metaverse” featured […]
Concerns over the potential for a policy mistake by the Federal Reserve “have clearly broadened,” and are being reflected in a deeply inverted forward spread on the 1-month overnight indexed swap rate, according to strategists at JPMorgan Chase & Co. In particular, the 1-year to 2-year forward spread on the 1-month OIS has declined to […]
