Day: August 29, 2022
Type: Bearish Drop Key Levels:Resistance: 20800Pivot: 19450Support: 18490 Preferred Case:with the price breaking the ichimoku cloud, below ichimoku cloud and MA, we have a bearish bias that the price may drop from the pivot at 19450, which is in line with the swing low to the 1st support at 18490, where the previous significant swing […]
Workplace Property Trust is teaming up with Singapore’s GIC Pte Ltd. to acquire 53 U.S. suburban office properties valued at $1.1 billion, The Wall Street Journal reported on Monday. The deal comes less than a week after Oak Hill Advisors announced a $326.5 million investment in the company, which was founded in 2015 by Thomas […]
Apollo Global Management Inc. APO, -6.53% -backed lighting company Lumileds Holdings B.V. said Monday its U.S. and Dutch entities filed for Chapter 11 protection from creditors in U.S. Bankruptcy Court for the Southern District of New York. The company said it inked a restructuring support agreement with lenders holding a majority of its outstanding loans […]
Shares of companies exposed to cryptocurrencies slumped Monday, after bitcoin BTCUSD, -0.45% fell back below the $20,000 level for the first time in seven weeks, as hawkish comments from Federal Reserve Chairman Jerome Powell last week sparked a risk-off selloff. Bitcoin dropped 3.6% to $19,690, putting it on track for the fifth close below $20,000 […]
Shares of Pinduoduo Inc. PDD, -3.78% shot up 7.4% in premarket trading Monday, after the China-based company that connects agricultural producers with consumers reported second-quarter profit that more than tripled and revenue that rose well above expectations, citing “a recovery in consumer sentiment.” Net income grew to RMB8.90 billion ($1.33 billion), or earnings of RMB6.22 […]
Moderna Inc. MRNA, -3.77% said Monday the Swiss regulator has granted temporary authorization to its bivalent omicron-targeting COVID booster for use in adults aged 18 and older. “Spikevax Bivalent Original/Omicron is a next-generation bivalent vaccine that contains 25 ug of mRNA-1273 (Spikevax) and 25 ug of a vaccine candidate targeting the Omicron variant of concern […]
Regulators in Singapore say cryptocurrencies are problematic due to high market volatility and warn against retail investments in cryptocurrencies. 634 Total views 6 Total shares The managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, addressed the agency’s mixed signals on crypto in the public sphere at a seminar on Aug. 29. The […]
All 30 Dow Jones Industrial Average DJIA, -3.03% components are falling in premarket trading Monday, as the previous session’s 1000+-point plunge, sparked by hawkish comments from Federal Reserve Chairman Jerome Powell, looked set to continue. Dow futures YM00, -0.70% slid 277 points, or 0.9%. The biggest Dow decliner ahead of the open was Dow Inc.’s […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hanging Man reversal pattern close to the resistance level, USDCAD may reverse in the form of a new descending impulse. In this case, the downside correctional target may be at 1.2990. Later, the market may rebound from this […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the support area. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9985 and then resume moving downwards to reach 0.9725. Another signal in favour of a further downtrend […]
