Day: June 14, 2022
Gold Reverses Friday’s Gains on USD UpsideAnother frustrating start to the week for gold bulls. Both gold and silver prices have started the week under pressure amidst the renewed buying we’ve seen in USD following Friday’s May CPI release. US inflation was seen surging back to highs last month. On the back of the softer […]
The U.S. listed-shares of Quidan Inc. QD, -11.16% soared 26.2% in premarket trading Tuesday, after the China-based online consumer finance company announced a $200 million stock repurchase program. The new program is more than the Quidan’s market capitalization of $182.7 million as of Monday’s closing prices, according to FactSet. The stock has run up 14.3% […]
The Dow Jones Industrial Average DJIA, -2.79% is tumbling 676 points, or 2.2%, in midday trading, and is about to make history with its point selloff, as surging inflation fuels recession fears. The Dow’s drop follows an 880.00-point drop on Friday and 638.11-point decline on Thursday. That would mark the first-ever three-day streak of declines […]
Shares of Signature Bank SBNY, -13.67% sank 12.8% in afternoon trading Monday, enough to pace the S&P 500’s SPX, -3.88% decliners, as the New York-based bank was hurting from a broad selloff in the financial sector and from the plunge in bitcoin BTCUSD, -2.75% toward an 18-month low. The stock was headed for the biggest […]
Type: Bearish MomentumKey Levels:Resistance: 16.775Pivot: 16.610Support: 16.040Preferred Case:On the H1, with price moving below the ichimoku indicator and price breaking the ascending trendline, we have a bearish bias that price will drop from our pivot at 16.610 in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 16.040 in line […]
Type: Bearish MomentumKey Levels:Resistance: 28330Pivot: 27390Support: 260780Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will continue to drop from the pivot at 27390 at the overlap resistance in line with the 61.8% fibonacci retracement to the 1st support at 260780 in line with the swing […]
The United States equities markets extended their decline to start the week on June 13. The S&P 500 hit a new year-to-date low and dipped into bear market territory, falling more than 20% from its all-time high made on Jan. 4. The cryptocurrency markets are tracking the equities markets lower and the selling pressure further […]
Gold futures fell on Monday to settle at their lowest price in more than three weeks. A continued surge in U.S. Treasury yields to levels last seen in 2007, along with the strength of the U.S. dollar saw gold reverse the price rise seen at the end of last week, said Michael Hewson, chief market […]
The E-Stablecoin would require several scientific advancements that are already in the works, and would allegedly make it possible to transmit electricity almost for free. 6669 Total views 47 Total shares Researchers at the federally funded Lawrence Livermore National Laboratory in California have combined statistical mechanics and information theory to design a class of stablecoin […]
The S&P 500’s SPX, -3.88% top 9 companies by market capitalization have lost a total of more than $1 trillion in value the past four days. The S&P 500 has lost 3.0% in afternoon trading Monday as surging inflation and interest rates fuel recession fears. The index has sunk 9.1% over the past four sessions, […]
