Latest Market News
JPMorgan Chase & Co. analysts on Friday downgraded three regional bank stocks and said they’re moving their outlook for the sector to neutral based on rising expectations of a recession as well as more aggressive interest rate hikes from the U.S. Federal Reserve. JPMorgan cut its ratings on Live Oak Bancshares Inc. LOB, +1.24% and […]
Shares of Alcoa Corp. AA, -1.76% slumped 3.5% toward a seven-month low in afternoon trading Friday, after the aluminum producer said it will immediately start curtailing one of three smelting lines that are operating at its Warrick Operations facility in Indiana, citing “operational challenges.” The company said the one line, which has an annual capacity […]
Type: Bullish RiseKey Levels:Resistance: 0.0076495Pivot: 0.0074610Support: 0.0073395Preferred Case:On the H4, with moving above the ichimoku cloud , we have a bullish bias that price will rise to the pivot at 0.0074610 in line with the swing high resistance, 78.6% fibonacci retracement and 7100% fibonacci projection. Once there is upside confirmation, we would expect bullish momentum […]
Type: Bearish MomentumKey Levels:Resistance: 0.77755Pivot: 0.77410Support: 0.76840Preferred Case:On the H1, with price moving below the ichimoku cloud and along a descending trendline , we have a bearish bias that price will drop from the pivot at 0.77410 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 0.76840 where the […]
President Biden called on Americans to vote in November to expand Democrats majority in the Senate by 2, so that his party has the votes to reform the filibuster in order to pass a law that guarantees American women the right to an abortion in all 50 states. “Congress is going to have to act […]
Gold futures pared much of their losses by Friday’s settlement, after a dip below the key $1,800-an-ounce mark, while worries that a recession would hurt demand for industrial metals pulled silver prices to their lowest in about two years. Gold moved up from the session lows after the 10-year Treasury yield extended declines following a […]