Day: June 3, 2022
• AUDUSD reversed from resistance level 0.7265• Likely to fall to support level 0.7200 AUDUSD today reversed down exactly from the key resistance level 0.7265 (top of the previous minor correction (iv) from last month) intersecting with the 50% Fibonacci correction of the downward impulse 1 from April and the upper daily Bollinger Band. The […]
Bitcoin (BTC) climbed to fresh local highs overnight into June 3 after United States equities cut losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wall Street provides short-term relief Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining steadily to hit $30,670 on Bitstamp before consolidating. The mood among stocks was more solid during […]
Stocks Drop After Jobs Report Markets have experienced heightened volatility in recent months as investors have tried to assess a mix of variables that has clouded their outlook. Jun. 3, 2022 at 3:32 p.m. ET by Caitlin Ostroff The Joy of Ornament A new exhibition shows how culture and economics work together to spread delightful […]
The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse. 1559 Total views 38 Total shares Japan is moving forward with legislation regarding the issuance of stablecoins, i.e., digital assets with their value pegged to fiat currencies or stabilized by an algorithm. On Friday, Japan’s parliament passed a […]
The 11-Minute Harvard Speech That Rebuilt Postwar Europe It’s been 75 years since George Marshall outlined a bold plan to counter Soviet influence by revitalizing a foreign foe Jun. 3, 2022 at 1:50 p.m. ET by David L. Roll Bristol-Myers to Buy Turning Point Therapeutics for $4.1 Billion The deal would deepen the biopharmaceutical company’s position […]
Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the likes of Binance CEO Changpeng “CZ” Zhao, Terra co-founder Do Kwon managed to relaunch the collapsed network […]
Shares of Caterpillar Inc. CAT, +0.84% rallied 1.1% in morning trading Friday to buck the selloff in the broader stock market, and enough to pace the Dow Jones Industrial Average’s DJIA, -1.13% gainers. Analyst Michael Feniger at BofA Securities reiterated the neutral rating on the construction and mining equipment company (CAT) but raised the stock […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is testing the bearish channel’s downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.2625 and then resume moving downwards to reach 1.2325. Another signal in favour of a further downtrend […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hanging Man reversal pattern close to the resistance area. At the moment, EURUSD may reverse in the form of a new descending impulse. In this case, the downside correctional target may be at 1.0700. However, an alternative […]
Gold prices fell, during trading today, Friday, June 3, 2022, abandoning its highest level in a month, which it had achieved earlier. Gold prices had started trading higher, driven by the weakness of the US dollar, which put bullion on the right track, on its way to achieving a third consecutive weekly gain. Gold Prices […]
