Day: June 3, 2022
Type: Bearish ContinuationKey Levels:Resistance: 104.235Pivot: 102.510Support: 101.315Preferred Case:With the donchian channel and MACD showing further bullish momentum , we have a bullish bias that price will rise from our pivot at 101.315 in line with the horizontal pullback support and 23.6% Fibonacci retracement to our 1st resistance at 104.235 in line with the horizontal overlap […]
CIBCFX FlowsNew Zealand first quarter terms of trade rose 0.5% over the quarter against estimates of +1.3%. Slight improvement in the previous quarter to -0.9% from -1.0%. Stats New Zealand said export volume fell 7% while import volume fell 2.6%. Little change in the NZ$. Intraday resistance 0.6568 and support around 0.6425. Small option expiry […]
New York Attorney General Letitia James has issued an investor alert against “risky cryptocurrency investments,” citing the assets’ volatility. 1059 Total views 28 Total shares As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto. In an investor alert published Thursday, […]
U.S. stocks fell at the opening bell Friday, with tech stocks leading the way lower after a stronger-than-expected May jobs report underlined expectations the Federal Reserve will continue to press ahead with aggressive rate increases as it attempt to rein in inflation. The Dow Jones Industrial Average dropped 205 points, or 0.6%, while the S&P […]
Aurora Cannabis Inc. ACB, +0.64% ACB, -1.01% said Friday it has repurchased $20 million of convertible bonds in a move aimed at reducing its annual interest costs. The Edmonton, Alberta-based cannabis company said it paid $19.2 millin in cash for the notes, equal to a 5.25% discount to par value. The company expects its annual […]
Former SEC lawyer says OpenSea insider trading case could end with NFTs labeled as securities. 1511 Total views 68 Total shares Former United States Securities and Exchange Commission lawyer Alma Angotti says this week’s news about an OpenSea employee being charged with insider trading could open the doors to nonfungible tokens (NFTs) being labeled as […]
Tiger Global Management, a hedge fund run by Chase Coleman, has lost more than 50% of its value in 2022 including a 14.3% drop in May, according a report by CNBC. The losses came after Tiger Global bet on tech stocks in the first quarter including Snowflake Inc. SNOW, +9.58%, Sea Ltd. SE, +4.13% and […]
CADJPY Movin’ On UpThe recent CADJPY bull flag trade has now triggered. The market broke out above the bear channel top and has now breached the 102.17 level. With MACD and RSI turned bullish the focus is on a continuation higher towards the 105.33 level. The driver behind the current move is primarily JPY weakness […]
Oil Traders Raise Upside Bets AgainThe latest CFTC COT institutional positioning report from the shows that oil traders increased their net long positions last week. Total upside exposure jumped from 325k positions to 334k positions. This marks the third consecutive weekly gain in oil prices. Despite the increase in upside bets, however, crude oil prices […]
Rune Christensen has envisioned the final form of Maker governance, and it includes MetaDAOs, new governance tokens, and a new version of Synthetic Ether. 1028 Total views 28 Total shares The co-founder of MakerDAO Rune Christensen has issued a new monumental proposal to push the project into its final form called The Endgame Plan. Across […]