Latest Market News
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to test 4/8, break it, and then continue falling to reach the support at 3/8. However, this scenario may no longer be valid if the […]
Type: Bullish BounceKey Levels:Resistance: 1710’4Pivot: 1690’6Support: 1682’2Preferred Case:We see the potential for a bounce from our pivot at 1690’6 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 1710’4 in line with 100% Fibonacci projection and 161.8% Fibonacci extension.Alternative Scenario:Alternatively, price may break our pivot structure and head for […]
Suzuki Weighs in On JPY DeclineJapanese Finance minister Shunichi Suzuki this week warned over the negative impact to the Japanese economy that the current depreciation in the Yen is having. JPY has plunged by around 11% against USD, EUR and GBP since early March. Suzuki said that while “There are positive aspects to it…given the […]
Robinhood has renewed its global expansion plans by acquiring the British crypto firm Ziglu after aborting its U.K. expansion back in 2020. 1260 Total views 24 Total shares Robinhood, a major cryptocurrency-friendly stock trading app, is pushing global expansion by acquiring the United Kingdom-based crypto asset firm Ziglu. Robinhood officially announced Tuesday that it had […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 4.5 million barrels for the week ended April 15, according to sources. The API also reportedly showed a weekly inventory climb of 2.9 million barrels for gasoline, while distillate stockpiles declined by nearly 1.7 million barrels. Oil stocks at the Cushing, Okla., […]
The organization reported that only 9% of countries were “substantially effective” in areas including transparency in beneficial ownership. 462 Total views 18 Total shares The Financial Action Task Force, or FATF, reported that many countries, including those with virtual asset service providers (VASPs), are not in compliance with its standards on Combating the Financing of […]