Day: July 20, 2022
Gold prices fell, on Wednesday, as pressure from strong monetary policy concerns and rising bond yields outweighed the relief from the dollar’s decline. This comes with the anticipation of central banks’ moves to counter inflation, which has hit record levels in many major economies. Gold Prices Today The price of gold futures contracts -December delivery- […]
Type: Bearish Reversal Key Levels:Resistance: 19.431Pivot: 18.797Support: 18.026 Preferred Case:On the H4, with price moving below the ichimoku cloud and moving in a descending trend channel, we have a bearish bias that price will continue to drop from the pivot at 18.797 in line with the 61.8% fibonacci projection to the 1st support at 18.026 […]
Daily Market Outlook, July 20, 2022 Overnight Headlines Dollar Loses Steam, Euro Heaves Sigh Of Relief Ahead Of ECB Asian Equity Markets Broadly Higher; US Futures Also Gain Netflix Rallies 8% After Hours After Losing Fewer Subscribers Biden To Announce Climate Actions, Not Yet Declare Emergency Biden Approval Rating Falls To 36%, Matching The Record […]
Senator Emmer highlighted the SEC’s politicization of regulations and called them power-hungry regulators that discourage good-faith regulations. 1197 Total views 43 Total shares Tom Emmer, the Republican Senator from Minnesota, has become the latest politician to blast the United States Securities and Exchange Commission (SEC) for its unethical actions against crypto companies. Emmer posted a […]
Bath & Body Works Inc. BBWI, -2.12% shares dropped 8.7% in Wednesday premarket trading after the retailer issued a downward revision of its second-quarter and full-year guidance. Bath & Body Works, known for its scented lotions and candles, now expects second-quarter sales to be down 6% to 7% versus previous guidance for a low-single-digit percent […]
Thai cryptocurrency exchange Zipmex has paused withdrawals on its platform following a “combination of circumstances” beyond its control. Cointelegraph reports that Zipmex could be in trouble were dismissed as “rumors” by CEO and co-founder Marcus Lim following the failed acquisition of the Thai exchange by Coinbase. Due to a combination of circumstances beyond our control […]
Shares of AMC Entertainment Holdings Inc. AMC, -1.09% gained 0.9% in premarket trading Wednesday, after the movie theater operator and “meme” stock said it paid about $50 million to repurchase about $72.5 million of its 10.0% second lien debt due 2026, representing about a 31% discount. The company said the repurchase of the debt will […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Doji 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 1.2940. Later, the market may break this level […]
EURUSD, “Euro vs US Dollar” Having finished the ascending wave at 1.0230, EURUSD is consolidating around this level. Possibly, the pair may break it to the downside and then resume moving within the downtrend with the first target at 1.0051. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still growing towards 1.2048 and may […]
Nearly 60% of the electricity used to power Bitcoin (BTC) mining machines comes from sustainable sources, according to the latest Q2 2022 report from the Bitcoin Mining Council (BMC). In its Q2 review of the Bitcoin network released on Tuesday, the BMC found that the global Bitcoin mining industry’s use of sustainable energy is up […]
