Latest Market News
The Ronin Network and Sky Marvis are significantly upgrading their security measures after they vowed to ensure a hack “never happens again.” 154 Total views 2 Total shares The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late […]
Oil futures trimmed a decline after government data showed a rise in U.S. crude inventories last week alongside declines in gasoline and distillate supplies. Crude inventories rose 700,000 barrels, the Energy Information Administration said. Analysts surveyed by The Wall Street Journal had forecast a rise of 600,000 barrels. But the American Petroleum Institute late Tuesday […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is trading within the “overbought area”. In this case, the price is expected to test +1/8, rebound from it, and then resume falling to reach the support at 8/8. However, this scenario may no longer be valid if the price breaks the resistance at […]
Deutsche Bank, one of the first major global investment banks, recently stated in its report that the global economy will face a recession next year. Some time later, bank analysts came up with an even more depressing forecast, which says that markets may underestimate its scale, as the strong increase in inflation expectations will force […]
Type: Bullish BounceKey Levels:Resistance: 223.45Pivot: 218.70Support: 213.60Preferred Case:Price is near to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 218.70 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance level of 223.45 which is in line with 38.2% Fibonacci retracement.Alternative […]
Stocks finished mostly higher, but off session highs, as a rebound attempt lost steam in afternoon trade. The Nasdaq Composite COMP, -0.01%, which attempted to bounce back after dropping 4% on Tuesday to post its lowest close since December 2020, gave up gains to end around 2 points lower, a loss of less than 0.1%, […]