Latest Market News
The White House on Wednesday criticized Texas Gov. Greg Abbott’s decision to put in place extra inspections by state troopers of commercial trucks coming from Mexico. “Governor Abbott’s unnecessary and redundant inspections of trucks transiting ports of entry between Texas and Mexico are causing significant disruptions to the food and automobile supply chains, delaying manufacturing, […]
Virgil Griffith, a former Ethereum developer, has been sentenced to 63 months in prison and will pay a fine of $100,000 for attending a conference and assisting North Korea to use blockchain technology in contravention of economic sanctions imposed by the United States. On Tuesday, U.S. District Judge Kevin Castel of the Southern District of New […]
PVH Corp. PVH, +2.13% unveiled its multi-year strategy called the PVH+ Plan on Wednesday, ahead of the company’s investor day. The plan includes growth in digital, direct-to-consumer and the company’s two key brands, Calvin Klein and Tommy Hilfiger. PVH has set 2025 revenue target of $12.5 billion with free cash flow of over $1 billion, […]
NZDUSD rose after the RBNZ’s decisions but couldn’t keep up. The New Zealand Dollar rose pretty much against the USD in the morning but couldn’t keep the positive momentum later. The current quote for the instrument is 0.6788. During its April meeting, the Reserve Bank of New Zealand raised the benchmark interest rate by 50 […]
EURUSD remains weak and continues retreating. The major currency pair hit the lowest levels of the month. The current quote for the instrument is 1.0834. Yesterday’s key highlight was the CPI report from the US. The indicator showed 8.5% y/y in March after being 7.9% y/y in the previous month and against the expected reading […]
Type: Bearish ReversalKey Levels:Resistance: 778’0Pivot: 772’6Support: 762’0Preferred Case:We see the potential for a bearish reversal from our pivot at 772’6 in line with 61.8% Fibonacci retracement towards our 1st support at 762’0 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection. Our bearish bias is supported by the stochastic indicator where price is trading […]