Day: July 8, 2022
Following strong U.S. job data, stocks and currencies recovered after a brief dip. Emerging market currencies and stocks pared some of their gains on Friday after a much stronger-than-expected increase in US payrolls bolstered the case for another major interest rate hike by the Federal Reserve, but they quickly returned to pre-data levels. The Fed’s […]
Markets brace for release of the NFP report today which will likely indicate deceleration in the pace of creation of new jobs compared to the previous month. However, market impact from a moderate downside surprise is seen limited as only serious slack in payrolls growth can trigger reassessment of the pace of the Fed policy […]
Type: Bullish BounceKey Levels:Resistance: 0.007489Pivot: 0.007372Support: 0.007342Preferred Case:On the H4, with price recently breaking the descending trendline and moving above the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 0.007372 at the swing low in line with the 61.8% fibonacci projections to the 1st resistance […]
Shiba Inu (SHIB) has grown stronger against its top “memecoin” rival Dogecoin (DOGE) in the last two months, in part due to the token’s periodic token burning events and a flurry of project announcements that promises to boost its utility. Why is the SHIB price rallying? In detail, SHIB/DOGE gained a little over 40% after […]
Oil futures ended higher on Friday, extending gains from a day earlier, but worries over a potential recession pulled prices down for the week. Despite the rebound in prices seen on Thursday and Friday, “markets are becoming increasingly concerned about recession risk and demand destruction…which has served to offer some respite from the higher prices […]
Bitcoin (BTC) is on track for its biggest weekly gains since March, but not everyone is convinced that good times will last. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto sentiment highest since early May Data from Cointelegraph Markets Pro and TradingView shows that at the time of writing, BTC/USD is up over $2,000 this […]
Gold futures ended higher on Friday, but tallied their fourth straight weekly decline amid strength in the U.S. dollar. Next week, action in the dollar may continue to be a big driver for the gold market, said Colin Cieszynski, chief market strategist at SIA Wealth Management. “There are a number of key inflation reports coming […]
The Financial and Consumer Services Commission (FCNB) has become aware that Profiitrend, which claims to be an AI-based trading powerhouse for forex, cryptocurrency and robot trading, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. Profiitrend appears to be operating out of the United Kingdom. […]
The IMF’s review recognises considerable progress in strengthening the framework for financial sector regulation, supervision and crisis management in Ireland. An increasingly large, complex and rapidly evolving financial system in Ireland raises new challenges for the future. Review makes targeted recommendations for further work, which will be considered by the Central Bank as it implements […]
Q4 2021 saw 2.5 million people in employment, the highest on record. Strong employment was supported by the domestic labour force, with migration playing a smaller role Two groups drove this labour force expansion; under 25s and women over 35. Evidence that there are longer running trends that have encouraged women to remain part of […]
