Day: August 22, 2022
• EURUSD broke below the parity 1.0000 • Likely to fall to support level 0.9800 EURUSD today broke strongly below the parity 1.0000 (which stopped the previous sharp downward impulse wave 1 from the start of June). The breakout of the parity 1.0000 should accelerate the active short-term downward impulse wave 3. Given the overriding […]
“We are sorry that we underestimated how illiquid NFTs could be in a bear market when setting the initial parameters,” says the Bend DAO dev team. 395 Total views 7 Total shares On Monday, developers of decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures in an attempt to stabilize […]
Tesla Inc. TSLA, -2.28% Chief Executive Elon Musk’s lawyers issued a subpoena to Twitter Inc.’s TWTWR former chief executive Jack Dorsey related to the ongoing Twitter acquisition saga. Twitter has sued Musk as the company looks to force him to go through with his $44 billion deal for the social-media company. Musk in April agreed […]
All three major U.S. stock indexes were down by 2% or greater in the last hour of trading, and poised for their worst declines since June. Stocks dropped across every sector as rates across the Treasury curve surged above 3% in anticipation of continued aggressive rate hikes by the Federal Reserve. The declines would amount […]
Oil futures declined on Monday but settled off the session’s low on renewed worries about tight supplies and production capacity, while natural-gas prices rallied to fresh 14-year highs. The oil market is about as “tight as it’s ever been” with spare production capacity at a historic low, said Phil Flynn, senior market analyst at The […]
U.S. stock market were headed for worst daily decline since mid-June as doubts about the summer’s strong rally on Wall Street deepened and investors waiting on an update from the Federal Reserve’s Jerome Powell at Jackson Hole. The Dow Jones Industrial Average DJIA, -1.91% was down 1.9%, or about 631 points, near 33,077. The S&P […]
U.S. stocks finished sharply lower on Monday after their worst session in two months as investors braced for a more hawkish Federal Reserve. The S&P 500 SPX, -2.14% slumped 90.49 points, or 2.1%, to 4,137.99. The Dow Jones Industrial Average DJIA, -1.91% fell 643.13 points, or 1.9%, to 33,063.61. The Nasdaq Composite COMP, -2.55% dropped […]
Type: Bullish Rise Key Levels:Resistance: 14239Intermediate Resistance: 13980Pivot: 13661Support: 13350 Preferred Case:On the H4, with price expected to bounce off the stochastic support, we have a bullish bias that price will rise to the pivot at 13661 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, we would […]
Type: Bullish Rise Key Levels:Resistance: 34247Pivot: 33439Support: 32608 Preferred Case:On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise from pivot at 33439 where the 23.6% fibonacci retracement , 61.8% fibonacci projection and pullback support are to 1st resistance at […]
Gold futures on Monday logged their lowest settlement in nearly four weeks, down a sixth straight session — their longest such losing streak since early July. The “king dollar” has returned as investors “brace for a potentially hawkish speech” by Federal Reserve Chairman Jerome Powell at the Jackson Hole Symposium on Friday, said Edward Moya, […]
