Day: July 23, 2022
Gold futures climbed on Friday to settle at their highest price since July 13. The precious metal also gained for the week, breaking a streak of five consecutive weekly losses, buoyed by a retreat in the U.S. dollar. “Through July, we expect gold to continue to move inversely to the U.S. dollar but would expect […]
Financial markets are increasingly trading on what Deutsche Bank describes as “a ‘peak inflation’ world view” — one that would entail a less aggressive response from the Federal Reserve than previously feared, even though inflation has yet to show signs of demonstratively peaking. The idea being broadly embraced for now is that an impending U.S. […]
Type: Bullish Rise Key Levels:Resistance: 1.2184Pivot: 1.20611stSupport: 1.19552nd Support : 1.1778 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 1.2061 where the swing high resistance and 61.8% fibonacci projection are. Once there is upside […]
Type: Bullish Rise Key Levels:Resistance: 13873Pivot: 13357Support: 12968 Preferred Case:On the H4, with price moving in an ascending trendline, moving above the ichimoku cloud and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 13357 at the pullback support at the swing low in line […]
• Gold reversed from support area • Likely to rise to next resistance level 1759.00 Gold recently reversed up from the support area lying between the key support level 1685.60 (which has been reversing the price from the start of April) and the lower weekly Bollinger Band. The upward reversal from this support area stopped […]
Former Donald Trump strategist Steve Bannon was convicted on Friday by a Washington, D.C., jury of contempt of Congress. Bannon was accused of ignoring a subpoena from the House committee investigating the Jan. 6, 2021, attack on the U.S. Capitol by Trump supporters. Bannon on Thursday declined to testify, and his lawyers did not call […]
Summary FINRA has adopted changes to its rules to permit, and in some instances require, electronic service and filing of documents in disciplinary and other proceedings and appeals.1 FINRA has also amended its rules to require parties in proceedings before the Office of Hearing Officers (OHO) to file and serve the parties with their current email […]
Oil futures ended lower on Friday, with U.S. prices holding below $100 a barrel and the front-month contract posting a modest rise for the week. “Demand destruction is finally happening,” with Energy Information Administration numbers showing gasoline demand getting softer, said Tariq Zahir, managing member at Tyche Capital Advisors. Still, energy prices will be “extremely […]
