Day: August 24, 2022

Aug 24
Twitter had recent correspondence with the SEC over user-count methodology

Twitter Inc. TWTR, +2.41% received a letter from the Securities and Exchange Commission in June asking for more information on the company’s latest annual report and user-count methodologies, and Twitter responded to the inquiries later that month, according to letters released on the Edgar platform Wednesday. The SEC document from June 15 asked Twitter to […]

Aug 24
Australia’s markets regulator to prioritize shielding citizens from crypto harm

Australia’s financial regulator, Australia’s Securities and Investments Commission (ASIC) has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years.  According to ASIC’s newly released “Corporate Plan” released on Tuesday, the financial regulator said it will be focusing on “digitally enabled misconducts” as “emerging technologies and products […]

Aug 24
Oil futures fall as Iran reportedly reviews U.S. response to the EU nuclear deal proposal

Oil futures moved lower in Tuesday dealings, as reports say that Iran is assessing the U.S. response to the European Union’s draft nuclear deal. Nasser Kanaani, spokesman for the Foreign Minister in Tehran, said Wednesday that Iran would comment on Washington’s reply through the EU when the assessment is complete, according to a report from […]

Aug 24
The Pound continues getting cheaper. Overview for 24.08.2022

GBPUSD hit the low of March 2020; the asset remains under pressure. The Pound Sterling hit a new bottom against the USD. The current quote for the instrument is 1.1823. Yesterday, the Pound was testing the low it reached on 23 March 2020, at 1.1717. Just like we said before, the Pound must be feeling […]

Aug 24
Japanese Candlesticks Analysis 24.08.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns close to the support level, such as Inverted Hammer, USDCAD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.3045. Later, the market may break this […]

Aug 24
Caution: CMCbits Trading

Topics Expertise from the subject matter experts at New Brunswick’s Financial and Consumer Services Commission. Regulated Industries FCNB is responsible for the regulation and enforcement of securities, insurance, pensions, credit unions, trust and loan companies, co-operatives, mortgage brokers, pay day lenders, real estate and a wider range of other consumer legislation. We regulate 36,000 industry […]

Aug 24
AUDNZD Wave Analysis – 24 August, 2022

• AUDNZD reversed from resistance level 1.1165 • Likely to fall to support level 1.1100 AUDNZD currency pair is currently testing the resistance level 1.1165 (which has been steadily reversing the price from the start of June), strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 1.1165 will stop the […]

Aug 24
EURAUD Wave Analysis – 24 August, 2022

• EURAUD reversed from support level 1.4370 • Likely to rise to resistance level 1.4600 EURAUD currency pair recently reversed up from the support level 1.4370 (which stopped the sharp downtrend in April) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.4370.10 stopped the previous short-term downward impulse wave […]

Aug 24
Bitcoin bulls may win big as two key moving averages prepare to cross

Bitcoin (BTC) lost a key bear market trendline last week as it shed almost 12%, but other chart data offers a silver lining for bulls. As noted by popular Twitter user Dave the wave on Aug. 24, long-term moving averages (MAs) are about to repeat classic bullish behavior. Analyst: Bulls could be about to “do […]

Aug 24
EIA reports a weekly fall in U.S. crude supplies, while gasoline stocks stand nearly unchanged

The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 3.3 million barrels for the week ended Aug. 19. On average, analysts expected a decline of 3.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also said gasoline stockpiles were “virtually unchanged” for the week, while […]