Latest Market News
Oil Traders Raise Upside Bets on Supply FearsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long position last week for the first time in well over a month. The increase in upside exposure is likely a reflection of resurgent fears over the path the conflict in Ukraine is taking. […]
CIBCKey Headlines $YEN bought for the fix because today is month-end for Japan. Usual comments from Japanese Fin Min but no one paid any attention. Waiting for BoJ, no change expected, ultra-easy monetary policy to continue. BoC Governor Macklem reiterated that Canadian interest rates will go higher, how high they go will depend on how […]
• Silver broke support level 24.00• Likely to fall to support level 22.00 Silver recently broke the support level 24.00, intersecting with the 38.2% Fibonacci correction of the upward impulse from the end of last year. The breakout of the support level 24.00 accelerated the active intermediate ABC correction (2). Silver can be expected to […]
Software Freedom Law Center legal director Mishi Choudhary supported tokens that were not quite CBDCs nor cryptocurrencies, but with cash-like privacy features many users may want. 462 Total views 18 Total shares Mishi Choudhary, the legal director of the Software Freedom Law Center, supported the efforts of some United States lawmakers to develop an electronic […]
Shares of Mohawk Industries Inc. MHK, +3.84% rallied more than 14% in the extended session Thursday after the flooring products maker reported earnings and sales above Wall Street expectations, thanks to higher prices and unabated demand. Mohawk said it earned $245 million, or $3.78 a share, in the quarter, compared with $237 million, or $3.36 […]
Ukraine continues to use crypto and NFTs to fund the two-month long ongoing Russia-Ukraine war. 494 Total views 44 Total shares Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, tweeted that the Ukrainian government will accept war effort contributions in the form of nonfungible token (NFT) donations and purchases. Via […]