Latest Market News
AstraZeneca AZN, +0.48% AZN, +0.84% is considering a bid for London-based, U.S.-listed biotech Mereo BioPharma MREO, +16.03%, The Times reported without attribution. AstraZeneca already is a partner of Mereo, and the report said it may face competition from another of the cancer and rare disease specialist’s partners, which include Novartis NVS, +0.60%, OncXerna and Ultragenyx […]
The Financial Conduct Authority (“FCA”) has published a list of providers it intends to authorise when the pre-paid funeral plans industry comes under its regulation from 29 July. There are 24 firms on the list, including the largest funeral plan providers. Together these firms hold approximately 87% of existing customer plans. The FCA is still […]
BRENT On H4, Brent quotes have bounced off the 200-days Moving Average and are trading above it, indicating the end of the correction and the continuation of the uptrend. A test of 7/8 is to be expected, followed by a breakaway and growth to the resistance level of 8/8. The scenario can be cancelled by […]
SNB SurpriseThe Swiss Franc has exploded higher today following a shock rate hike from the SNB. The market was widely expecting the SNB to leave rates at -0.75%, the lowest in the world. However, the bank joined the growing tide of central banks tightening their monetary policy by announcing a .5% hike at its June […]
Type: Bearish MomentumKey Levels:Resistance: 768.05Pivot: 760.90Support: 738.5Preferred Case:On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from the pivot at 760.90 in line with the overlap resistance and 61.8% fibonacci projection to the 1st support at 738.5 in line with the horizontal swing low.Alternative […]
The MakerDAO decided to cut off Aave from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of stETH. 2583 Total views 22 Total shares MakerDAO has voted to cut off lending platform Aave’s ability to generate DAI for its lending pool without collateral as […]