Latest Market News
The NZDCAD trend play initiated a fortnight ago from .8553 has now hits its final target at .8351. Weakness in NZD linked to the return of a nationwide lockdown there, as well as strength in CAD linked to higher oil prices and BOC hawkishness, has worked wonderfully for this trade. While the final target for […]
• Alibaba reversed from support zone • Likely to rise to resistance level 135.90 Alibaba recently reversed up with two Dojis from the support zone lying between the key support level 116.00 (which has been reversing the pair from the start of December) and the lower daily Bollinger Band. The upward reversal from this support zone stopped […]
UNICEF’s latest report on mainstream adoption of cryptocurrencies highlights the possibility of greater financial inclusion along with the need for new child safeguards. 1632 Total views 54 Total shares The United Nations Children’s Fund has called for incorporating child safeguards into online child protection initiatives, citing financial and exploitative threats posed by unregulated crypto markets. […]
Shares of Cirrus Logic Inc. CRUS, +4.91% jumped more than 10% in the extended session Monday after the chip supplier reported fiscal third-quarter earnings and sales well above Wall Street expectations. Cirrus Logic said it earned $128 million, or $2.16 a share, in the quarter, compared with $114 million, or $1.91 a share, in the […]
Hiromi Yamaoka is currently heading a private forum of 74 companies that are planning to launch a private digital currency. 790 Total views 68 Total shares A former Bank of Japan (BOJ) official who reportedly headed its digital currency research is now advising against its use. According to a report published in the Japan Times, […]
Atlanta Fed President Raphael Bostic on Monday said he was not advocating for a 50-basis-point rate hike in March. Over the weekend, Bostic’s discussion of a half-point hike with the Financial Times garnered a lot of market attention. In an interview with Yahoo Finance, Bostic clarified that a half-point hike “is not my preferred setting […]