Latest Market News
Published: July 8, 2022 at 6:15 p.m. ET Shares of Digital World Acquisition Corp. were rocketing 17% in after-hours trading Friday after Tesla Inc. Chief Executive Elon Musk said he was terminating his $44 billion deal for Twitter Inc. . Digital World is a special-purpose acquisition corporation buying the company that operates President Donald Trump’s […]
GBPUSD moved upwards in response to the British Prime Minister’s resignation. The Pound Sterling is consolidating against the USD on Friday after a slight growth the day before. The current quote for the instrument is 1.1936. British politics took the stage yesterday. British Prime Minister Boris Johnson has quit after finding himself in the crosshairs […]
Published: July 8, 2022 at 5:08 p.m. ET Moody’s Investors Service late Friday downgraded its rating on Mexico’s sovereign bonds to Baa2, the next-to-last rung of investment grade, saying that the country’s economy will remain “constrained by weak investment prospects” and the “economic scarring” from the pandemic will not reverse. Moreover, Mexico’s fiscal prospects will […]
Following strong U.S. job data, stocks and currencies recovered after a brief dip. Emerging market currencies and stocks pared some of their gains on Friday after a much stronger-than-expected increase in US payrolls bolstered the case for another major interest rate hike by the Federal Reserve, but they quickly returned to pre-data levels. The Fed’s […]
Markets brace for release of the NFP report today which will likely indicate deceleration in the pace of creation of new jobs compared to the previous month. However, market impact from a moderate downside surprise is seen limited as only serious slack in payrolls growth can trigger reassessment of the pace of the Fed policy […]
Type: Bullish BounceKey Levels:Resistance: 0.007489Pivot: 0.007372Support: 0.007342Preferred Case:On the H4, with price recently breaking the descending trendline and moving above the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 0.007372 at the swing low in line with the 61.8% fibonacci projections to the 1st resistance […]