Latest Market News
The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 1.4 million barrels for the week ended Jan. 14, according to sources. The API, which released its data a day later than usual due to Monday’s Martin Luther King, Jr., holiday, also reportedly showed a weekly inventory increase of 3.5 million barrels […]
The first week of the new year saw a vicious pullback across all cryptocurrencies in the market. Ether (ETH) price dropped from its November peak at $4,800 peak to under $3,000 on Jan. 8 and Terra’s LUNA governance token also dropped from $85 on Dec. 31 to $67 on Jan. 8, 2022. These unexpected dramatic […]
President Joe Biden on Wednesday said he expects his social-spending and climate package probably will be broken up in order to have parts of it passed by Congress. “I think we can break the package up, get as much as we can now and come back and fight for the rest,” he told reporters during […]
Bitcoin (BTC) has been below $45,000 for 14 days and is currently 40% below the $69,000 all-time high. This movement holds similarities to late-September 2021, when Bitcoin price flat-lined for 11 days and was 36% below the previous $64,900 all-time high on April 14. Bitcoin price at Coinbase, USD. Source: TradingView To understand whether the […]
President Joe Biden defended his campaign promises Wednesday, despite high inflation and a lack of progress for his Build Back Better plan, as well as other legislative setbacks. “I didn’t over promise,” Biden said during a press conference that came at the one-year mark of his presidency. “I have probably outperformed what anybody thought would […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDJPY is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue growing to reach the resistance at 7/8. However, this […]