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Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek.
EURUSD, “Euro vs US Dollar” After forming a new consolidation range below 0.9744 and breaking it to the upside, EURUSD has completed the ascending wave at 0.9840. Today, the pair may fall to test 0.9744 from above and then start another correction up to 0.9946. Later, the market may resume trading downwards with the target […]
Gold futures climbed Friday to finish higher for the week, but overall strength in the dollar amid aggressive monetary policy tightening by the Federal Reserve, as it continues its efforts to tame inflation, pushed prices for the metal lower for the month, as well as the quarter. Gold for December delivery GCZ22, -0.02% rose $3.40, […]
BRENT As we can see in the H4 chart, Brent is trading below the 200-day Moving Average it to indicate a possible descending tendency. The Relative Strength Index has broken the ascending trendline to the downside. In this case, the pair is expected to break 4/8 (87.50) and continue falling towards the support at 2/8 […]
For bulls, Bitcoin’s (BTC) daily price action leaves a lot to be desired, and at the moment, there are few signs of an imminent turnaround. Following the trend of the past six or more months, the current factors continue to place pressure on BTC price: Persistent concerns of potential stringent crypto regulation. United States Federal […]
Robinhood Markets Inc. HOOD, +3.38% said late Friday it will take higher-than-expected restructuring charges as it exits leases on office space that it is not using. In a Securities and Exchange Commission filing Friday, the online broker said it expects to take charges of $90 million to $105 million in the third quarter, up from […]