Latest Market News

Jun 03
Gold prices are falling, heading for weekly gains

Gold prices fell, during trading today, Friday, June 3, 2022, abandoning its highest level in a month, which it had achieved earlier. Gold prices had started trading higher, driven by the weakness of the US dollar, which put bullion on the right track, on its way to achieving a third consecutive weekly gain. Gold Prices […]

Jun 03
U.S. Dollar Index Future ( DX1! ), H1 Potential For Bearish Drop

Type: Bearish ContinuationKey Levels:Resistance: 104.235Pivot: 102.510Support: 101.315Preferred Case:With the donchian channel and MACD showing further bullish momentum , we have a bullish bias that price will rise from our pivot at 101.315 in line with the horizontal pullback support and 23.6% Fibonacci retracement to our 1st resistance at 104.235 in line with the horizontal overlap […]

Jun 03
Investment Bank Outlook 02-06-2022

CIBCFX FlowsNew Zealand first quarter terms of trade rose 0.5% over the quarter against estimates of +1.3%. Slight improvement in the previous quarter to -0.9% from -1.0%. Stats New Zealand said export volume fell 7% while import volume fell 2.6%. Little change in the NZ$. Intraday resistance 0.6568 and support around 0.6425. Small option expiry […]

Jun 03
New York AG warns against crypto investments amid state push to ban mining

New York Attorney General Letitia James has issued an investor alert against “risky cryptocurrency investments,” citing the assets’ volatility. 1059 Total views 28 Total shares As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto.  In an investor alert published Thursday, […]

Jun 03
Stocks open lower as strong jobs report underlines Fed rate path

U.S. stocks fell at the opening bell Friday, with tech stocks leading the way lower after a stronger-than-expected May jobs report underlined expectations the Federal Reserve will continue to press ahead with aggressive rate increases as it attempt to rein in inflation. The Dow Jones Industrial Average dropped 205 points, or 0.6%, while the S&P […]

Jun 03
Aurora Cannabis repurchases $20 million of convertible notes to lower interest costs

Aurora Cannabis Inc. ACB, +0.64% ACB, -1.01% said Friday it has repurchased $20 million of convertible bonds in a move aimed at reducing its annual interest costs. The Edmonton, Alberta-based cannabis company said it paid $19.2 millin in cash for the notes, equal to a 5.25% discount to par value. The company expects its annual […]