Latest Market News
Type: Bearish MomentumKey Levels:Resistance: 333.95Pivot: 329.95Support: 317.75Preferred Case:On the H1, price is moving below the ichimoku cloud and has broken out from the ascending trendline which supports our bearish bias that price will drop from our pivot at 329.95 in line with the overlap resistance and 38.2% fibonacci retracement to the 1st support at 317.75 […]
Shares of Altria Group Inc. MO, -8.09% dove 7.1% in afternoon trading Wednesday, enough to pace the S&P 500’s SPX, -1.12% decliners, after Morgan Stanley analyst Pamela Kaufman turned bearish on the cigarette and heated tobacco seller, citing inflation pressures and long-term competitive risks. The stock, which was headed for the lowest close in 3 […]
State Street Corp. STT, -4.33% said the company is “not going to to respond” to a report in Swiss publication Inside Paradeplaz that it’s planning a bid to buy Credit Suisse AG CG, -1.65% CSGN, +3.79%. “As we have previously discussed, we are focused on our pending acquisition of Brown Brothers Harriman’s Investors Services business,” […]
Shares Exxon Mobil Corp. XOM, +1.84% rallied 1.5% in morning trading Wednesday, enough to put them into record territory for the first time in eight years. The rally for the oil and gas giant’s stock comes crude oil futures CL00, +1.65% climbed 1.0% toward a three-month high and as natural gas futures NG00, +3.21% jumped […]
The BTC rate is declining for the second day in a row. Today, it is trading at $30,228 USD, while yesterday it fell to $29,200, its weekly low. There were some signs of local demand early in the week but not for long – the major cryptocurrency is now stuck between $29,200 and $31,590. The […]
EURUSD is falling on Wednesday morning but keeps on trying to consolidate. The major currency pair is declining despite the market’s attempts to reach stability. The current quote for the instrument is 1.0692. The key trigger that supports the “greenback” is the rally in US bond yield growth. Also, investors are very cautious about possible […]