Day: June 6, 2022
Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date. Investors who keep a close eye on regulatory development were possibly […]
J&J Plans to End Covid-19 Vaccine Deal With Emergent BioSolutions Johnson & Johnson said it planned to terminate the deal with contract manufacturer Emergent BioSolutions, as both companies accused each other of breaching the agreement. JNJ -0.01% Jun. 6, 2022 at 7:41 p.m. ET by Peter Loftus Kohl’s Is in Advanced Talks to Be Sold […]
The bull market euphoria that carried prices to new highs throughout 2021 has given way to bear market doldrums for any Bitcoin (BTC) buyer who made a purchase since Jan. 1, 2021. Data from Glassnode shows these buyers “are now underwater” and the market is gearing up for a final capitulation event. Bitcoin net unrealized […]
Biden Waives Solar Import Tariffs for Two Years Concerned about electricity shortfalls, the president also invoked the Defense Production Act to boost domestic manufacturing. Jun. 6, 2022 at 5:41 p.m. ET by Timothy Puko and Phred Dvorak Proud Boys Ex-Leader Charged With Seditious Conspiracy A grand jury has indicted a former leader of the far-right […]
EURUSD, “Euro vs US Dollar” EURUSD is forming a new descending wave towards 1.0674 and may later correct up to 1.0720. After that, the instrument may resume falling to break 1.0627 and then continue moving within the downtrend with the target at 1.0585. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is forming a new […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking 8/8, EURUSD is no longer moving within the “overbought area”. In this case, the price is expected to test 7/8, break it, and then continue falling to reach the support at 6/8. Still, this scenario may no longer be valid […]
Italy’s yields fall ahead of the ECB meeting, as markets increase their bets on ECB hikes. Benchmark Italian yields fell on Monday following news that the European Central Bank was planning a new bond-buying program to assist vulnerable economies, even as it is expected to discuss potential rate hikes to combat rising inflation later this […]
Starbucks Keeps Schultz OnShares in US coffeehouse-titan, Starbucks, are trading a little higher ahead of the open today. The company announced today that interim CEO Howard Schultz will remain in-place until March 20223 while the company searches for a new CEO. Starbucks is aiming to find a replacement by fall but will keep Schultz on […]
Type: Bullish RiseKey Levels:Resistance: 64046Pivot: 61739 Support: 58718Preferred Case:On the H4, with price moving within the ascending trend channel and above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 61739 in line with the 23.6% fibonacci retracement and 61.8% fibonacci projection to the 1st resistance at […]
Musk Threatens to End Twitter Deal Over Data Request Elon Musk accused Twitter of not complying with his request for data on the number of spam and fake accounts on the social-media platform. Twitter said it will continue to share information and intends to enforce the merge… TWTR -1.53% Jun. 6, 2022 at 3:47 p.m. […]