Latest Market News
The number of people with medical cannabis licenses in the U.S. rose to 2.97 million in 2020 from 678,408 in 2016, according to a study of state data published this week in the Annals of Internal Medicine. The most common qualifying condition reported by patients in 2020 was chronic pain (60.6%), with posttraumatic stress disorder […]
Baker Hughes BKR, +0.27% on Friday reported that the number of active U.S. rigs drilling for oil was up by four to 584 this week. That followed an increase of six oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, climbed by […]
EURUSD, “Euro vs US Dollar” The pair has formed w consolidation range around 1.0440 and with an escape upwards suggests a correction to 1.0620. Then the trend is likely to continue down to 1.0380. And if this level is also broken, a pathway to 1.0270 will open. GBPUSD, “Great Britain Pound vs US Dollar” The […]
Type: Bullish RiseKey Levels:Resistance: 62338Pivot: 61354Support: 60446Preferred Case:On the H1, price is moving above the ichimoku cloud and has broken out from descending trendline which supports our bullish bias that price will rise from the pivot at 61354 where the swing low support is to the 1st resistance at 62338 in line with the swing […]
The British Pound has been back in demand today following yesterday’s hawkish BOE meeting. While the central bank stuck to the signalled .25% hike, refraining from a larger .5% increase, the bank signalled that further tightening was likely coming in August. Indeed, with inflation at record highs, the BOE signalled that further tightening might be […]
Gold futures declined on Friday to post a loss of roughly 1.9% for the week. It’s been a “bad week for gold prices…as a stronger U.S. dollar and tighter monetary conditions” pushed Treasury yields higher, said Michael Hewson, chief market analyst at CMC Markets UK. August gold GCQ22, -0.45% fell $9.30, or 0.5%, to settle […]