Latest Market News

Jul 28
Bitcoin, Ether rally despite Fed raises interest rates for fourth time in 2022

Bitcoin BTCUSD, +1.34% jumped 9% over the past 24 hours, along with stocks’ rally, as the Federal Reserve Chairman Jerome Powell said that he doesn’t think the United States is in a recession. The Fed on Wednesday raised a key U.S. interest rate by 75 basis points, the fourth hike this year, in an aggressive […]

Jul 28
NASDAQ ( NQ1! ), H4 Potential For Bullish Momentum

Type: Bullish Momentum Key Levels: Resistance: 12599.75Pivot: 12270.00Support: 12106.25 Preferred Case:On the H4, with price moving in an ascending trend channel, we have a bullish bias that price will continue to rise from the pivot at 12270.00 at the pullback resistance to the 1st resistance at 12599.75 at the swing high in line with the […]

Jul 28
AUSTRALIAN DOLLAR FUTURES ( 6A1! ), H4 Potential For Bullish Rise

Type: Bullish Rise Key Levels:Resistance: 0.69555Pivot: 0.68620Support: 0.68100 Preferred Case:On the H4, with prices moving above the ichimoku indicator and breaking out of the descending channel , we have a bullish bias that price will rise from the pivot at 0.69295 where the overlap support is. If price breaks above the intermediate resistance at 0.69830 […]

Jul 28
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Jul 28
Nasdaq surges 4% in best day since 2020 as Fed delivers another 75 basis point rate hike

U.S. stocks closed sharply higher Wednesday, greeting the Federal Reserve’s latest rate hike with a torrid advance that saw the tech-heavy Nasdaq Composite clinch its biggest daily gain since April 2020. The Nasdaq Composite gained 469.85 points, or 4.1%, to 12,032.42. The S&P 500 gained 102.56 points, or 2.6%, To 4,023.61. The Dow Jones Industrial […]

Jul 28
Manchin backs Democratic economic bill that targets inflation, drug prices

After extensive negotiations, key Democratic Sen. Joe Manchin of West Virginia on Wednesday said he has reached a deal with Senate Majority Leader Chuck Schumer, the New York Democrat, on an Inflation Reduction Act of 2022. “Rather than risking more inflation with trillions in new spending, this bill will cut the inflation taxes Americans are […]