Latest Market News
AUDUSD, “Australian Dollar vs US Dollar” The currency pair is continuing decent falling under the Ichimoku Cloud, suggesting a downtrend. A test of the Tenkan-Sen of the indicator at 0.7005 is expected, followed by falling to 0.6765. An additional signal confirming the decline might become a bounce off the upper border of the bearish channel. […]
The Japanese yen against the US dollar has put falling on a pause, but this is temporary. The current quote is 134.66. Thus, the devaluation of the Japanese yen is going on with no hints of pausing. This year, the JPY is falling fast and decisively. The key trigger is the lagging of the monetary […]
Coinbase CEP Hits OutShares in US crypto-broke Coinbase are heading lower once again this week. The company’s stock has bene in freefall this year amidst the broader rout in tech stocks as well as the specific losses suffered in the crypto space which have seen a high level of clients exiting coinbase. The company recently […]
Gold Reverses Friday’s Gains on USD UpsideAnother frustrating start to the week for gold bulls. Both gold and silver prices have started the week under pressure amidst the renewed buying we’ve seen in USD following Friday’s May CPI release. US inflation was seen surging back to highs last month. On the back of the softer […]
The U.S. listed-shares of Quidan Inc. QD, -11.16% soared 26.2% in premarket trading Tuesday, after the China-based online consumer finance company announced a $200 million stock repurchase program. The new program is more than the Quidan’s market capitalization of $182.7 million as of Monday’s closing prices, according to FactSet. The stock has run up 14.3% […]
The Dow Jones Industrial Average DJIA, -2.79% is tumbling 676 points, or 2.2%, in midday trading, and is about to make history with its point selloff, as surging inflation fuels recession fears. The Dow’s drop follows an 880.00-point drop on Friday and 638.11-point decline on Thursday. That would mark the first-ever three-day streak of declines […]