Latest Market News

May 03
Charter Communications stock slips after Bank of America ends bullish call on cable name

Shares of Charter Communications Inc. CHTR, -0.55% were off 1.3% in afternoon trading Tuesday after Bank of America analyst Jessica Reif Ehrlich cut her rating on the stock to neutral from buy, citing concerns about growing competition in the broadband market. Reif Ehrlich worries about emerging threats to broadband incumbents from fiber and fixed-wireless access […]

May 03
Reserve Bank of Australia Hikes Interest Rate, Vows to Double Down on Fight with Inflation

The 10-year Treasury yield has finally reached an important 3% milestone, however, slipped below the level on lack of bearish consensus, greenback index stabilized at 103.50, the S&P 500 fell below 4100 on Monday, however, there lack of persistence from the sellers helped the index to close in green above the 4100 level. It seems […]

May 03
Market Spotlight: First RBA Rate Hike Over A Decade

Aussie Bid Following RBA Rate HikeThe Australian Dollar has been in the spotlight today following the May RBA meeting overnight. The RBA took the historic move of hiking rates by 0.25% lows off their prior 0.10% level, taking the headline cash rate there up to 0.35%. The move marks the first such rate increase in […]

May 03
Platinum Wave Analysis – 3 May, 2022

• Platinum reversed from support zone• Likely to rise to resistance level 960.00 Platinum recently reversed up strongly from the powerful long-term support level 900.00 (which has been reversing the price from last September), standing near the lower daily Bollinger Band. The upward reversal from support level 900.00 stopped the previous short-term impulse wave 3 […]

May 03
CADCHF Wave Analysis – 3 May, 2022

• CADCHF reversed from resistance level 0.7620• Likely to fall to support level 0.7535 CADCHF currency pair today reversed down from the key resistance level 0.7620, standing near the upper daily Bollinger Band and the resistance trendline of the daily up channel from February. The downward reversal from resistance level 0.7620 stopped the previous short-term […]

May 03
Solana developers share 3 key mitigation steps to make the network robust

Developers have suggested changing Solana’s current data transfer protocol UDP to QUIC, stake-weighted transaction processing and a fee-based transaction priority. 1615 Total views 30 Total shares The Solana network faced its seventh outage on Saturday, resulting in a downtime of over seven hours. The developer team has released an outage report, along with three key mitigation steps […]