Latest Market News

Jan 06
Platinum Wave Analysis – 31 December, 2021

• Platinum reversed from resistance level 975.00 • Likely to fall to support level 910.00 Platinum continues to fall after the earlier downward reversal from the key resistance level 975.00 (which has been reversing the price from the end of November). The downward reversal from the resistance level 975.00 created the daily Shooting Star – […]

Jan 06
EURGBP Wave Analysis – 31 December, 2021

• EURGBP reversed from support level 0.8380 • Likely to rise to resistance level 0.84543 EURGBP currency pair recently reversed up from the key support level 0.8380 (previous monthly low from November). The support zone near the support level 0.8380 was strengthened by the lower daily Bollinger Band and by the support trendline of the […]

Jan 06
Ethereum dominates among developers but competitors growing faster

The Ethereum ecosystem still has far more developers than rival networks, but they are catching up with a faster rate of growth. Ethereum competitors such as Polkadot, Solana, and Binance Smart Chain are growing faster in terms of development activity according to crypto research firm Electric Capital which released its findings on the blockchain development […]

Jan 06
Pfizer upgraded to buy at BofA as Paxlovid likely to offset patent expiration concerns

Shares of Pfizer Inc. PFE, +2.02% rallied 2.5% in afternoon trading Wednesday, after BofA Securities analyst Geoff Meacham turned bullish on the drug maker, saying its COVID-19 pill Paxlovid could alleviate concerns over a “cluster of patent expirations” starting in 2025. Meacham raised his rating to buy, after being at neutral since he started covering […]

Jan 06
Raoul Pal says 'reasonable chance' crypto market cap could 100X by 2030

“I think there’s a reasonable chance of this being a $250 trillion asset class, which is 100x from here,” said Raoul Pal. 3702 Total views 62 Total shares Former Goldman Sachs hedge fund manager and Real Vision CEO Raoul Pal thinks that the crypto market cap could increase 100X by the end of this decade. […]

Jan 06
Dow industrials turn south as minutes imply Fed could tighten financial conditions sooner and faster in 2022

U.S. stock benchmarks took a turn lower and losses deepened for the Nasdaq Composite Wednesday afternoon after minutes from the Dec. 14-15 meeting of the Federal Open Market Committee, released at 2 p.m. ET, indicated that policy makers could tighten financial conditions sooner and faster than market participants had anticipated. At the meeting, the Fed […]