Latest Market News
Last month, the watchdog gave the thumbs-up to Teucrium’s Bitcoin futures ETF, which is the first such vehicle to be approved under the ’33 Act. 5561 Total views 36 Total shares The United States Securities and Exchange Commission (SEC) has given the green light to Valkyrie’s futures exchange-traded fund (ETF) application. This represents another ETF […]
The Surface Transport Board said late Friday that it will require certain railroads to submit “service recovery plans” and additional data and regular progress reports on rail service, operations, and employment after several railroad customers and others complained about delays and other problems. There were several accounts of “severe rail service issues” reported by several […]
EURUSD, “Euro vs US Dollar” After finishing the descending impulse at 1.0555, EURUSD is consolidating around this level. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 1.0464; if to the upside – start another growth towards 1.0673 and then resume falling […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to break 4/8 and then continue moving upwards to reach the resistance at 6/8. However, this scenario may no longer be valid if the asset breaks the support at […]
The most important market event yesterday was a surge of longer-maturity Treasury yields, which apparently triggered greenback rally and sell-off in equity markets. The fact, that this happened after the Fed meeting suggests that the central bank’s efforts to control inflation proved unconvincing and investors decided to sell bonds, in other words, demanding more compensation […]
GBP Under Pressure The short trade issued in GBPCAD from the break of 1.6293 has now hit its final target at 1.5899. Yesterday’s BOE meeting saw the UK central bank issuing a warning of a massive downturn to come in the UK as a result of soaring inflation, ongoing supply-chain issues and tighter monetary conditions. […]