Latest Market News
Shares of ChargePoint Holdings Inc. CHPT, +11.79% charged up 12.7% in afternoon trading, after B. Riley analyst Christopher Souther initiated the electric vehicle charging network provider with a buy rating, given the company’s “dominant” market share and established brand. Souther set a $20 stock price target, which implies more than 40% upside from current levels. […]
The sharp fall in cryptocurrencies has pulled the total crypto market capitalization below $900 billion. According to CoinGoLive, 72 out of the top 100 tokens have declined in excess of 90% from their all-time highs. In comparison, the top-10 coins have outperformed during the fall, dropping an average of 79% from their all-time high. Bitcoin […]
Major U.S. stock indexes closed mixed Friday, but finished a turbulent week sharply lower on fears that high inflation and tighter financial conditions could derail the economy. The Dow Jones Industrial Average dija fell about 40 points, or 0.1%, closing near 29,886 and booking at 4.8% weekly decline. The S&P 500 index SPX, +0.22% rose […]
EURUSD, “Euro vs US Dollar” The pair is correcting after noticeable growth. It rests under the Ichimoku Cloud, indicating a downtrend. A test of the lower border of the Cloud is expected at 1.0513, followed by falling to 1.0545. An additional signal confirming the decline will be a bounce off the upper border of the […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Shooting Star reversal pattern. Going by the pattern, the pair might find itself in a descending impulse. The goal of the decline will be 1.0445. However, the price might still pull back to 1.0560 before resuming the downtrend. USDJPY, […]
Early Friday, the US dollar was stronger against its major trading partners ahead of a speech by Federal Reserve Chairman Jerome Powell, the release of May industrial production data, and the start of a three-day weekend. Powell is scheduled to speak at 8:45 a.m. ET at a Fed conference on the role of the US […]