Day: June 1, 2022
Amazon Shares Rallying on Stock Split NewsShare in US online retailer Amazon are rebounding firmly this week. Tech stocks have been among the strongest beneficiaries of the rebound in equities recently. Amazon shares are now trading back above the mid-May highs, following a bounce off the 2073.07. Shares in the tech giant have been buoyed […]
• GBPUSD reversed from key resistance level 1.2635• Likely to fall to support level 1,2400 GBPUSD recently reversed down from the key resistance level 1.2635 (which stopped wave (iv) at the start of May) – standing close to the 38.2% Fibonacci correction of the previous downward impulse 3 from March. The downward reversal from the […]
• FTSE 100 reversed from long-term resistance level 7630.00• Likely to fall to support level 7400.00 FTSE 100 index recently reversed down from the long-term resistance level 7630.00 (which has been repeatedly reversing the index from January, as can be seen below). The downward reversal from the resistance level 7630.00 stopped the previous minor corrective […]
The United States Federal Reserve is starting the process of paring back its $9 trillion balance sheet that ballooned in recent years in a move called quantitative tightening (QT). Analysts from a crypto exchange and financial investment firm have conflicting opinions about whether QT, starting on Wednesday, will put an end to a decade of unprecedented […]
Expectations are growing that the Federal Reserve will deliver another half-percentage point rate increase in September after similar moves in June and July, triggering broad-based selloffs in both bonds and stocks on Wednesday. All three major U.S. stock indexes were down in the afternoon, while an aggressive selloff across Treasurys pushed yields on 2- through […]
Strong correlation with Bitcoin and traditional markets continue to pull Axie Infinity price lower. 1314 Total views 41 Total shares Axie Infinity (AXS) price dropped sharply on June 1, suggesting that its supersonic gains in the last two days might have been a part of a bear market rally. The AXS/USD pair soared 54% week-to-date to […]
Shares of PTC Inc. PTC, -1.36% fell 1.5% in midday trading Wednesday, after one of the product management software company’s largest shareholders, Rockwell Automation Inc. ROK, +0.74%, said it planned to sell some shares. In an form 13D filed before the open, Rockwell said it owned 10.57 million PTC shares, or 9.04% of the shares […]
Bitcoin (BTC) faces a “cycle bottom” this year in which it could drop over 50% from current levels, research claims. In a Twitter thread on June 1, Venturefounder, a contributor at on-chain analytics platform CryptoQuant, forecasted 2022 as Bitcoin’s year to “capitulate.” Bitcoin now has “best 3-year ROI ever” Based on historical patterns involving Bitcoin’s halving […]
Shares of Hovnanian Enterprises Inc. HOV, +9.21% surged 6.4% toward a fifth-straight gain in morning trading Wednesday, after the home builder reported fiscal second-quarter earnings that more than tripled, when excluding the benefit of last year’s valuation allowance reduction, and gross margin that improved by more than five percentage points. Net income for the quarter […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, having completed the ascending correctional structure within the third descending wave at 1.0760, EURUSD is expected to test this level from below and then resume trading downwards with the short-term target at 1.0222. GBPUSD, “Great Britain Pound vs US Dollar” In the […]
