Day: June 29, 2022
No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge. 2241 Total views 12 Total shares Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders looks […]
Gold futures fell on Tuesday, posting back-to-back losses to mark their lowest settlement in nearly two weeks. “It’s not surprising that gold continues to struggle on upticks,” said Peter Grant, vice president and senior metals strategist at Zaner Metals and Tornado Precious Metals Solutions. He points out that Federal Reserve Chairman Jerome Powell last week […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.2985. Later, the market may break this level […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 1.0555 and breaking this level, EURUSD continue falling towards 1.0494. Later, the market may grow to test 1.0555 from below and then resume falling with the target at 1.0440. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the descending wave at 1.2233 and […]
Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state. Source: Cointelegraph
Shares of Amazon.com Inc. AMZN, -5.14% slumped 4.8% in afternoon trading Tuesday, adding to Monday’s 2.8% drop, after UBS analyst Lloyd Walmsley cut his stock price target to $167 from $209, citing “some risks” to the ecommerce and cloud giant’s financial outlook depending no the macroeconomic environment. Walmsley lowered his revenue estimate for 2022 to […]
“Litigation and enforcement activity is likely to accelerate in the current regulatory climate, perhaps in unpredictable ways,” says lawyers from Choate Hall & Stewart LLP. 1101 Total views 4 Total shares Regulatory uncertainty surrounding crypto has created a “fertile environment” for crypto-related litigation and enforcement to grow, according to lawyers from Choate Hall & Stewart […]
Oil futures finished higher for a third consecutive session on Tuesday, with the U.S. crude benchmark settling at its highest price since mid-June. “The easing of China’s zero-COVID policy helped oil to the third day of gains following a decent correction in recent weeks,” said Craig Erlam, senior market analyst at OANDA. Also supporting oil […]
Marathon’s CEO Fred Thiel said that it will take time to get the facility back to full strength, but that the company could decide to speed up its move out of H… Source: Cointelegraph
U.S. stocks closed sharply lower Tuesday, falling for a second straight day, as a fresh reading on consumer confidence slumped more than expected. The Dow Jones Industrial Average DJIA, -1.56% dropped around 490 points to close about 1.6% lower, while the S&P 500 SPX, -2.01% slid about 2% and the Nasdaq tumbled COMP, -2.98% around […]
