Latest Market News
EURUSD continues consolidating in anticipation of the news. The major currency pair remains stable on Tuesday. The current quote for the instrument is 1.0430. US markets were closed yesterday due to Independence Day, that’s why exchanges weren’t very active. However, today investors are expected to get back to their normal routine. The statistics published early […]
The International Energy Agency expects natural gas demand to decline slightly this year, with growth slowing further over the next three years. In a gas market report issued today, Tuesday (July 5), the Energy Agency attributed its expectations of a contraction in global gas consumption to high prices, with fears of more gas supplies being […]
Global economic growth optimism is fading rapidly, with major central banks vying to announce a “material” deterioration in real output forecasts and rising risks of stagflation. On Tuesday, the Bank of England made a worrying revelation with its Financial Stability Report, which said that economic outlook for the UK and globally had deteriorated markedly and […]
Type: Bullish RiseKey Levels:Resistance: 31872Pivot: 30931Support: 30412Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending channel , we have a bullish bias that price will rise from the pivot at 30931 in line with the pullback support and 38.2% fibonacci retracement to the 1st resistance at 31872 where the […]
The growth of Circle’s native stablecoin USD Coin (USDC) in the last two months compared to its $66-billion rival giant Tether (USDT) is nothing short of spectacular. USDT, USDC market cap ratio hits the lowest on record Notably, USDC’s market capitalization has grown by 8.27% since May, reaching its highest level of $55.9 billion on […]
Financial stocks traded broadly lower Tuesday, as longer-term Treasury yields continued to fall amid growing concerns that a recession was on the horizon. Lower longer-term yields can weigh on banking profits, as they narrow the spread between what banks earn on longer-term assets, such as loans, that are funded by shorter-term liabilities. The SPDR Financial […]