Day: October 13, 2022
Bitcoin (BTC) began Oct. 13 with classic fluctuations around $19,000 as markets prepared for crucial macro data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No sign of upside ahead of key U.S. data Data from Cointelegraph Markets Pro and TradingView showed BTC/USD threatening downside at the time of writing with hours to go until the […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 125 billion cubic feet for the week ended Oct. 7. That compared with the average analyst forecast for an increase of 123 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage […]
The financial sector reversed course to trade broadly lower Thursday, along with the broader stock market, after data showed that consumer inflation rose more than expected in September. The SPDR Financial Select Sector ETF XLF, -2.06% sank 1.8% in premarket trading, after being up about 1.3% just before the inflation data was released, as futures […]
Shares of Novavax Inc. NVAX, -6.03% were down 3.4% in premarket trading on Thursday after the company said its combination COVID-19 vaccine and flu shot candidate generated an immune response in a Phase 1/2 clinical trial. Novavax also said that the safety and tolerability of the combination vaccine was consistent with getting a standalone COVID-19 […]
U.S. stock futures plunged deep into the red Thursday morning after inflation data for September showed consumer prices advanced by a larger-than-expected margin — dramatically increasing the likelihood that the Federal Reserve will deliver another 75 basis-point interest-rate hike in November, and possibly in December as well. Futures for the S&P 500 ES00, -2.29% were […]
Keurig Dr Pepper Inc. KDP, -1.49% said Thursday it is overhauling its supply chain structure with a view to improving accountability at the business unit level and accelerating productivity across the company. The beverages company said it’s promoted three senior supply chain leaders into new roles. The company named Roger Johnson, who joined it in […]
Real estate services company Redfin Corp. RDFN, -7.35% said Thursday that the median U.S. asking rent rose 8.8% from a year ago to $2,002, but that was the slowest year-over-year (YOY) increase since August 2021. That also marked the fourth straight month that YOY growth decelerated, with rents now growing at half the pace of […]
• FTSE 100 falling inside impulse wave 5 • Likely to fall to support at 6700.00 FTSE 100 index continues to fall inside the sharp downward impulse wave 5 which started earlier from the key resistance level 7125.00 (previous monthly low from April), intersecting with the 20-day moving average. The active impulse wave 5 belongs […]
• Silver reversed from resistance area • Likely to fall to support level 18.20 Silver recently reversed down from the resistance area located between the key multi-month resistance level 21.00 (which has been reversing the price from June) and the upper daily Bollinger Band. This resistance area was further strengthened by the 38.2% Fibonacci correction […]
Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term. Source: Cointelegraph
