Day: June 8, 2022
Twitter Inc. TWTR, +0.77% reportedly plans to share a full data stream with Tesla Inc. TSLA, +1.25% chief Elon Musk as it looks to secure a closing of their pending merger arrangement, The Washington Post said Wednesday. The data stream includes information all on tweets posted daily and the accounts that send them, and Twitter […]
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type. 779 Total views 10 Total shares The New York State Department of Financial Services (DFS) on Wednesday released regulatory guidance for U.S. dollar-backed stablecoins issued by DFS-regulated entities. According […]
U.S. stocks finished sharply lower on Wednesday amid lackluster trading volume as demand for equities slackened ahead of May inflation data expected to be released on Friday. The Dow Jones Industrial Average was off 269.24 points, or 0.8%, to 32,910.9. The S&P 500 was off 44.91 points, or 1.1%, to 4,115.77 , and the Nasdaq […]
USDJPY is moving to the upside and updating its 20-year highs. The Japanese Yen’s devaluation against the USD continues. The current quote for the instrument is 133.12. Just like yesterday, the “greenback” is supported by US bond yield growth. In this light, the Yen is forced to quickly retreat. The Ministry of Finance has to […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the correction at 1.0713; right now, it is falling to break 1.0674 and may later continue trading downwards to reach 1.0630. After that, the instrument may resume growing to test 1.0674 from below and then start a new decline with the target at 1.0587. GBPUSD, “Great Britain […]
Type: Bearish MomentumKey Levels:Resistance: 16.985Pivot: 16.760Support: 16.360Preferred Case:On the H1, price is moving below the ichimoku cloud and has a bearish exit from the ascending channel which supports our bearish bias that when price drops to our pivot at 16.760 in line with swing low resistance, 61.8% fibonacci projection and 78.6% fibonacci projection , there […]
Type: Bearish MomentumKey Levels:Resistance: 333.95Pivot: 329.95Support: 317.75Preferred Case:On the H1, price is moving below the ichimoku cloud and has broken out from the ascending trendline which supports our bearish bias that price will drop from our pivot at 329.95 in line with the overlap resistance and 38.2% fibonacci retracement to the 1st support at 317.75 […]
Shares of Altria Group Inc. MO, -8.09% dove 7.1% in afternoon trading Wednesday, enough to pace the S&P 500’s SPX, -1.12% decliners, after Morgan Stanley analyst Pamela Kaufman turned bearish on the cigarette and heated tobacco seller, citing inflation pressures and long-term competitive risks. The stock, which was headed for the lowest close in 3 […]
State Street Corp. STT, -4.33% said the company is “not going to to respond” to a report in Swiss publication Inside Paradeplaz that it’s planning a bid to buy Credit Suisse AG CG, -1.65% CSGN, +3.79%. “As we have previously discussed, we are focused on our pending acquisition of Brown Brothers Harriman’s Investors Services business,” […]
Shares Exxon Mobil Corp. XOM, +1.84% rallied 1.5% in morning trading Wednesday, enough to put them into record territory for the first time in eight years. The rally for the oil and gas giant’s stock comes crude oil futures CL00, +1.65% climbed 1.0% toward a three-month high and as natural gas futures NG00, +3.21% jumped […]
