Latest Market News

Sep 26
GBP follows euro: The pound-dollar rate hits all-time low

Reaching 1 GBP = $1.04, the pound has crash-landed, marking a record low against the U.S. dollar following the new prime minister’s budget announcements. 834 Total views 6 Total shares The Great British pound sterling has fallen to the lowest level ever against the United States dollar. In a flurry of overnight trading activity, the […]

Sep 26
Purple Innovation stock falls after adopting ‘poison pill’ in response to unsolicited buyout bid from large shareholder

Shares of Purple Innovation Inc. PRPL, +2.30% sank 4.5% in premarket trading Monday, after the mattress maker said it adopted a shareholders rights plan, in an effort to buy time to evaluate the unsolicited buyout bid by large shareholder Coliseum Capital Management LLC. The rights plan, also known as a “poison pill,” was adopted on […]

Sep 26
China GPU prices drop to new lows after the Ethereum Merge

The Nvidia GeForce RTX 3080’s price dropped from $1118, or 8,000 yuan, to 5,000 yuan within three months, according to a Chinese merchant. 254 Total views 4 Total shares As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for […]

Sep 26
Ichimoku Cloud Analysis 26.09.2022 (EURUSD, XAUUSD, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD is correcting inside the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9705 and then resume moving downwards to reach 0.9310. Another signal in favour of a further downtrend will be […]

Sep 26
Forex Technical Analysis & Forecast 26.09.2022

EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9700 and then forming a new consolidation range around this level, EURUSD has broken it to the downside to finish another descending structure towards 0.9555. Today, the pair may correct to test 0.9700 from below and then resume falling with the target at 0.9490, […]

Sep 26
Blockchain firm sues Coinbase for $350M alleging patent infringement

The plaintiff, Veritaseum believes that other centralized and decentralized crypto exchanges may have also unlawfully used the patent to facilitate crypto payments, trading and staking services. 1549 Total views 30 Total shares Crypto exchange Coinbase has found itself in legal hot water after being accused by blockchain-based software firm Veritaseum Capital of infringing on a […]