Day: October 24, 2022
The Securities and Exchange Commission charged cannabis company Cronos Group Inc. CRON, with accounting misconduct and former chief commercial officer William Hilson with fraud and abetting the company’s violations, the regulator said Monday.The SEC said that in three separate quarters between 2019 and 2021, Cronos submitted financial statements with material accounting errors. It also alleged […]
EURUSD, “Euro vs US Dollar” On H4, the quotes failed to rise over the 200-days Moving Average and for now remain under it. The RSI has bounced off the resistance level. A test of 0/8 (0.9765) is to be expected, followed by a breakaway and falling to the support level of -1/8 (0.9643). The scenario […]
The Dow Jones Industrial Average DJIA, +1.34% led major stock indexes higher in the final hour of trading on Monday, as investors clung to the hope that disappointing economic data might convince Federal Reserve policy makers to back off aggressive rate hikes by year-end. The Dow was up almost 500 points, or 1.6%, while the […]
The Federal Trade Commission is seeking to sanction online alcohol marketplace Drizly and its CEO James Cory Rellas over allegations that security failures led to a breach that exposed the personal information of roughly 2.5 million customers, the agency said Monday. According to a complaint, the company, a subsidiary of Uber Technologies Inc. UBER, -1.32%, […]
U.S. stocks advanced on Monday, adding to their gains after the best week for at least two of the three major indexes — the S&P 500 and the Dow — since June. The S&P 500 SPX, +1.19% finished 44.59 points, or 1.2%, higher at 3,797.34. The Dow Jones Industrial Average DJIA, +0.54% rose 417.06 points, […]
The U.S. Justice Department has taken several actions to disrupt criminal activity by individuals working on behalf of the government of the People’s Republic of China, said U.S. Attorney General Merrick Garland during a news conference on Monday. Garland said two Chinese intelligence officers have been charged with attempting to obstruct a criminal prosecution of […]
President Joe Biden on Monday warned again of dire consequences for the U.S. economy if there’s a default on the federal debt, saying “there’s nothing that would create more chaos, more inflation and more damage to the American economy.” Speaking at Democratic National Committee headquarters, Biden said he would not cut Social Security or Medicare, […]
Gold futures finished slightly lower on Monday, following last week’s modest rise. The precious metal found support Friday on the back of softer U.S. yields. Those softer U.S. yields could “play in favor” of gold if the market sees a material pullback in Federal Reserve interest-rate hike expectations, but that view “is data dependent,” said Ipek Ozkardeskaya, senior […]
• USDJPY reversed from support level 145.75 • Likely to rise to resistance level 151.85 USDJPY currency pair recently reversed up from the support level 145.75 (former monthly high from September). The support level 145.75 was strengthened by the support trendline of the daily up channel from August and by the 50% Fibonacci correction of […]
• NZDUSD reversed from resistance level 0.5785 • Likely to fall to support level 0.5600 NZDUSD recently reversed down from the resistance level 0.5785 (top of the previous wave (iv) from the start of October). The resistance level 0.5785 was further strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of […]
