Day: July 19, 2022
Apple Hiring News Hits Sentiment Shares in US tech giant Apple fell sharply yesterday amidst reports that the company will scale back hiring and spending into 2023, citing concerns over the economy. According to a Bloomberg report which ran yesterday, sources at the company confirmed plans to reduce expenditure in certain teams next year, in […]
US Stocks Fall on Apple Hiring & Spending News We’ve seen a mixed start for equities across the European open on Tuesday. While the current correction lower in USD is broadly supportive of risk appetite, there are still offsetting factors stopping equities markets from taking full advantage of a softer US Dollar. US stock markets […]
• FTSE 100 reversed from support level 7020.00 • Likely to rise to resistance level 7357.00 FTSE 100 index recently reversed up from the key support level 7020.00 (which has been reversing the pair from the middle of June), strengthened by the lower daily Bollinger Band. The upward reversal from the support level 7020.00 started […]
• AUDUSD broke key resistance level 0.6870 • Likely to rise to resistance level 0.6960 AUDUSD currency pair recently broke above the key resistance level 0.6870 (which stopped wave (iv) at the start of this month). The breakout of the resistance level 0.6870 coincided with the breakout of the 50% Fibonacci correction of the downward […]
Gold futures settled modestly higher on Tuesday, extending their gains into a second consecutive session, but prices remained down by more than 5% for month to date. The precious metal needs to trade above $1,700 until the Federal Reserve meeting on July 26-27, “for any recovery to a short-term bullish zone,” said Chintan Karnani, director […]
A new contributor to the Bitcoin (BTC) energy debate says that 1 BTC would have to cost $20 million to use 100 times its current energy demands. In a Twitter debate on Monday, Sjors Provoost, a Bitcoin developer and author of Bitcoin: A Work in Progress, cast doubt on the largest cryptocurrency’s future energy use. Bitcoin […]
Published: July 19, 2022 at 1:40 p.m. ET An options strategy Netflix Inc.’s stock known as a straddle on is priced Tuesday for a much bigger than usual one-day move after the streaming video giant reports second-quarter results after the closing bell. A straddle is a pure volatility play in which bullish (calls) and bearish […]
EURUSD, “Euro vs US Dollar” Having finished the ascending wave at 1.0200, EURUSD is correcting down to 1.0095. Later, the market may start another growth to reach 1.0230 and then resume moving within the downtrend with the target at 0.9830. GBPUSD, “Great Britain Pound vs US Dollar” After completing the ascending wave at 1.2030, GBPUSD […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading inside the “oversold area”. In this case, the price is expected to break 0/8 and continue growing to reach the resistance at 1/8. However, this scenario may no longer be valid if the price rebounds from 0/8 to the downside. After that, […]
The emirate launches its Dubai Metaverse Strategy, aiming at the world’s top 10 metaverse economies. 2336 Total views 52 Total shares One of the leading crypto hubs in the Middle East, the emirate of Dubai, launches the Dubai Metaverse Strategy that aims to turn it into one of the world’s top 10 metaverse economies. The […]
