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Congressman Ed Perlmutter, D., Colo., said Friday he has attached the Secure and Fair Enforcement (SAFE) Banking Act for cannabis companies to an existing bill called the America Competes Act. The America Competes Act addresses research and innovation efforts as a non-cannabis specific bill. “Cannabis-related businesses – big and small – are in desperate need […]
Canadian cannabis company Hexo Corp. HEXO, +3.68% said Monday it has received notification from the Nasdaq exchange that it is not in compliance with minimum bid price requirements, after the stock traded below $1 for 30 straight trading days. Hexo shares closed Friday at 50 cents. The company now has 180 calendar days to regain […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after attempting to reach the high at 1877.09, XAUUSD is forming a steady wave to the downside and has already returned to 38.2% fibo tested earlier. The next downside targets may be 61.8% and 76.0% fibo at 1730.00 and 1696.10 respectively. The […]
EURUSD, “Euro vs US Dollar” After reaching the target at 1.1125, EURUSD is growing towards 1.1186 and may later fall to reach 1.1148, thus forming a new consolidation range between the two latter levels. A breakout of this range to the upside may result in a new ascending wave with the first target at 1.1220. […]
Credit AgricoleAsia overnightAhead of the Lunar New Year holiday period in Asia, sentiment enjoyed a modest bounce spurred on by better-than-expected China PMI data as well as some growing investor comfort with higher rates; Chinese technology stocks led the rally. Most Asian bourses as well as S&P 500 futures were higher at the time of […]
Daily Market Outlook, January 31, 2022 Overnight Headlines Fed’s Bostic: Could Do Half-Point March Hike If Needed Goldman Expects Five Fed Reserve Rate Hikes This Year US Democrats Put Build Back Better In Manchin’s Court Russia Sanctions Bill Closer In Senate Ahead Of Briefings Pentagon See Putin Still Adding Troops Around Ukraine US Seek N […]