Latest Market News

May 31
India cooperates with IMF on crypto consultation paper

The document, which could define a national framework for digital assets, is almost ready. 834 Total views 42 Total shares India’s Department of Economic Affairs is finalizing a consultation paper on cryptocurrencies, which will then be handed over to the federal government. The implementation of the document could bring the country of 14 billion people […]

May 31
Spirit Airlines stock rallies after ISS recommends shareholders reject Frontier buyout bid

Shares of Spirit Airlines Inc. SAVE, +2.12% rallied 2.4% in midday trading while JetBlue Airways Corp. JBLU, -0.42% was little changed, after after independent proxy advisor Institutional Shareholder Services (ISS) recommended Spirit shareholders reject the buyout deal with Frontier Group Holdings Inc. ULCC, +1.82%. Meanwhile, Frontier shares climbed 2.2%. The ISS recommendation comes after Spirit […]

May 31
Singapore to explore digital asset tokenization on public chains

The project will see MAS explore DeFi applications in wholesale funding markets by establishing a liquidity pool of tokenized bonds and deposits. 915 Total views 43 Total shares The Monetary Authority of Singapore (MAS) has launched Project Guardian, a blockchain-based digital assets trial that will use tokenization. The project will include regulated financial institutions serving […]

May 31
Big Lots chief merchandising officer terminated without cause in wake of disappointing quarterly results

Shares of Big Lots Inc. BIG, -7.39% dove 7.1% toward a 2-year low in morning trading Tuesday, after the discount home essentials retailer disclosed Chief Merchandising Officer Jack Pestello had been terminated without cause. The disclosure comes after the stock tumbled 12.1% on Friday, after the retailer reported a surprise first-quarter loss and big sales […]

May 31
Ichimoku Cloud Analysis 31.05.2022 (BRENT, USDCAD, XAUUSD)

BRENT Brent is rising within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 119.75 and then resume moving upwards to reach 132.25. Another signal in favour of a further uptrend will be a rebound from the […]

May 31
Japanese Candlesticks Analysis 31.05.2022 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Doji reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0850. However, an alternative scenario implies […]