Latest Market News

Jul 08
Ashley Alder appointed FCA chair

HM Treasury has today announced the appointment of Ashley Alder as the new Chair of the FCA. Ashley is currently Chief Executive Officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011. Ashley also chairs the Board of the International Organization of Securities Commissions (IOSCO) and sits […]

Jul 08
What bear market? Consumer confidence higher among crypto owners than normies

The research firm said that the discrepancy is partially explained by the fact that the average crypto owner is “more likely to be wealthier, younger and male” than the average U.S. adult. 320 Total views 4 Total shares Consumer confidence is considerably higher among crypto owners than the average American adult, with crypto owners sitting […]

Jul 08
Amazon stock rallies toward 1st close above the 50-day moving average in 2 1/2 months

Published: July 7, 2022 at 2:20 p.m. ET Shares of Amazon.com Inc. rallied 2.0% in afternoon trading Thursday, putting them on track to close above its 50-day moving average (DMA), which many chart watchers view as a short-term trend tracker, for the first time since April 19. The 50-DMA came in at $114.65 on Thursday […]

Jul 08
U.S. stocks close higher as S&P 500, Nasdaq clinch fourth day of gains

U.S. stocks closed higher on Thursday, with the S&P 500 and Nasdaq Composite clinching a fourth straight day of gains, as investors reacted to a recent drop in commodity prices. The S&P 500 SPX, +1.50% rose 57.54 points, or 1.5%, to close at 3,902.61. The Nasdaq Composite COMP, +2.28% gained 259.49 points, or 2.3%, to […]

Jul 08
US Labor Market Reports can Extend Relief Rally in Risk-assets as Investors are Desperate for Positive Growth Signals

The dollar remains close to fresh highs on Thursday, the minor retracement was also reflected in revived modest demand for risk, the key Asian and European markets gain more than 1%. Demand for safe assets came pressure, investors dump long-term bonds of matured economies. Yield on 10-year Treasuries is once again targeting the 3% mark.Commodity […]

Jul 08
Russell 2000 Index Futures (RTY1!),H1 Potential for Bullish Rise

Type: Bullish RiseKey Levels:Resistance: 1827.6Pivot: 1752.1Support: 1681.3Preferred Case:On the H4, with price moving above the ichimoku cloud and along the ascending trendline, we have a bullish bias that price will rise to the pivot at 1752.1 in line with the overlap resistance, 61.8% fibonacci projection and 61.8% fibonacci retracement . Once we have upside confirmation […]