Latest Market News
Shares of Rackspace Technology Inc. RXT, +0.55% dropped 3.0% in premarket trading Friday, after the cloud services company was downgraded by Oppenheimer analyst Timothy Horan, who said increased macro headwinds and “very high debt” warrants caution. Horan cut his rating to perform, after being at outperform since January 2021, and removed his $18 stock price […]
The crypto market plummeted. The BTC dropped to $42,700 for the first time in two weeks and its capitalisation plunged to $825 billion. The BTC’s market share is now estimated at 39.3%. the total capitalisation of the entire crypto market is $2.09 trillion. The key reason for this decline is investors’ risk aversion. Another factor […]
.AUDUSD is falling under the attack of the “greenback” and amid the global risk appetite decline. The Aussie continues falling against the USD. The current quote for the instrument is 0.7462. The RBA Financial Stability Review published earlier today says that many Australian loaners are ready for the benchmark interest rate hike. According to the […]
Type: Bearish ReversalKey Levels:Resistance: 2644Pivot: 2597Support: 2528Preferred Case:We see the potential for a bearish reversal from our pivot at 2597 in line with 50% Fibonacci retracement towards our 1st support at 4.7270 in line with 61.8% Fibonacci projection and 127.2% Fibonacci extension. Our bearish bias is supported by the stochastic indicator where price is at […]
Type: Bearish DipKey Levels:Resistance: 4.7880Pivot: 4.7650Support: 4.7270Preferred Case:We see the potential for a dip from our pivot at 4.7650 in line with 50% Fibonacci retracement towards our 1st support at 4.7270 in line with 38.28% Fibonacci retracement. Our bearish bias is supported by the stochastic indicator where price is at resistance level.Alternative Scenario:Alternatively, price may […]
Attorney Kevin Thompson thinks that the event will make regulators frustrated, leading to the creation of reporting requirements for Shopify. 215 Total views 23 Total shares Following the announced integration of the payment app Strike with e-commerce platform Shopify to accept Bitcoin (BTC) through the Lightning Network, the crypto community raised concerns over the legal […]