Day: June 27, 2022
The Sango project’s plans include building a “legal crypto hub,” expanding the adoption of Bitcoin, and creating a “crypto island” — a special economic zone in the metaverse. 937 Total views 6 Total shares Faustin-Archange Touadéra, president of the Central African Republic, has announced the government will be backing an initiative centered around developing the […]
JetBlue Airways Corp. JBLU, +1.62% upped its proposal to buy Spirit Airlines Inc. SAVE, -7.95% again, trying to outdo Frontier Group Holdings Inc. ULCC, -11.20%, which sweetened its own offer for the ultra low-cost airline late Friday. JetBlue raised the fee it would have to pay Spirit if the deal wouldn’t clear antitrust to $400 […]
U.S. stocks closed lower on Monday as a strong batch of durable-goods data appeared to contradict signs of a slowing economy. The Dow Jones Industrial Average DJIA, -0.20% closed 61.10 points, or 0.2%, lower at 31,439.50. The S&P 500 SPX, -0.30% shed 11.39 points, or 0.3%, to 3,900.35. The Nasdaq Composite COMP, -0.72% dropped 101.10 […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support area during the correction. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0595. However, […]
EURUSD, “Euro vs US Dollar” EURUSD is consolidating around 1.0555. Possibly, the pair may form one more ascending structure towards 1.0630. Later, the market may trade downwards to break 1.0550 and then continue falling with the target at 1.0440. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is forming a new consolidation range around 1.2250. […]
On rising output, US natgas futures fell 2% to a new 11-week low. On Monday, U.S. natural gas futures fell about 2% to an 11-week low on rising output and lower demand expectations for the next two weeks, owing in part to a drop in liquefied natural gas exports from the shutdown of Freeport LNG’s […]
ASX On The ReboundThe rebound in risk appetite this week is bringing some equities indices into very interesting areas. Following a heavy sell off over much of June in response to the larger-than-expected RBA rate hike, the ASX200 is now trading firmly higher. However, the market is fast approaching a key resistance area between 6753.90 […]
The Turkish Lira is seeing huge volatility today as traders react to the latest intervention from the government. On Friday, the government announced a new loan ban in Turkey which precludes lenders from issuing funding to corporates holding more than 15 million Liras and if the total sum of the loan exceeds 10% of total […]
Bitcoin (BTC) starts a new week above $20,000 but heading for a new bearish record as a key support level remains out of reach. After a calm weekend punctuated by a brief spike to nearly $22,000, BTC/USD is back near the closing price of June 24 for CME futures markets. A “round trip” thus allows […]
Read Next Tesla, Rivian and Nio stock price targets cut on supply chain troubles, Shanghai shutdowns Mizuho analyst Vijay Rakesh became little less bullish on electric vehicle makers Tesla Inc. undefined, Rivian Automotive Inc. undefined and China-based NIO Inc. undefined on Monday, citing the negative effects of continued COVID-19-related Shanghai shutdowns and supply chain constraints. […]
