Day: July 13, 2022
Today is a special day for financial markets as the US Bureau of Labor Statistics releases CPI for June. It’s no secret that the Fed tied monetary policy to developments in inflation, so its acceleration will mean that the Fed’s lead in the policy tightening race will only increase, and vice versa, an inflation print […]
US CPI Up Next Today’s US inflation print is drawing a huge amount of market attention. With hawkish expectations well anchored ahead of the upcoming July FOMC meeting traders are looking to today’s data for clues as to how the Fed is likely to act beyond July. With debate setting in over whether the Fed […]
WTI Wave Analysis – 13 July, 2022 • WTI reversed from support level 92.93• Likely to rise to resistance level 97.00 WTI recently reversed up from the strong support level 92.93 (former monthly low from March and April), standing near the 50% Fibonacci correction of the upward impulse from December. The upward reversal from the […]
• EURGBP reversed from support level 0.8425 • Likely to rise to resistance level 0.85000 EURGBP today recently reversed up with the daily Hammer from the key support level 0.8425 (which has been reversing the pair from May), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from […]
Ethereum funds have been undergoing a modest recovery after witnessing 11 weeks of continuous outflows. 5557 Total views 89 Total shares Ethereum’s native token, Ether (ETH), is down nearly 40% against Bitcoin (BTC) since December 2021. But, even more pain is possible for the ETH/BTC pair in the coming weeks, based on a classic technical […]
Walgreens Boots Alliance Inc. WBA, -1.92% said late Wednesday its board has declared a quarterly dividend of 48 cents a share, an increase of 0.5%. The dividend is payable on Sept. 9 to stockholders of record as of Aug. 19, the company said, and it raises the annual rate from $1.91 a share to $1.92 […]
The state financial regulator alleged that Celsius violated state security laws by offering high crypto interest rate accounts to customers and unethically using clients’ funds to invest in illiquid products. 1250 Total views 21 Total shares Vermont’s Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users […]
Natural-gas futures climbed by more than 8% on Wednesday, supported by a forecast for warmer weather, which is expected to boost demand for the commodity, while oil posted a modest gain in the wake of a steep drop that pulled prices below $100 a barrel. The National Oceanic and Atmospheric Administration’s updated six to 14-day […]
The BTC had been falling for four consecutive trading sessions and today is finally trying to rise. Again. The asset is balancing at $19,489. The current technical picture shows that the global market pressure and tension, which are very difficult to overcome, are pushing the BTC down to support levels at $19,300-$19,400. If bears break […]
EURUSD remains close to parity but keeps trying to recover. The major currency pair perseveres in its attempts to rise after yesterday’s decline. The current quote for the instrument is 1.0039. The key highlight is the parity EURUSD reached yesterday, something that investors haven’t seen in 20 years and, probably, wouldn’t like to see. However, […]
