Latest Market News
• S&P 500 rising inside wave (iv)• Likely to reach resistance level 4100.00 S&P 500 index earlier reversed up from the key support level 3900.00, standing near the lower daily Bollinger Band and the support trendline of the daily down channel from January. The upward reversal from the support level 3900.00 started the active short-term […]
Bitcoin (BTC) disappointed bulls on upside prior to the May 26 Wall Street open as BTC/USD returned under $29,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Markets “eerily calm” post FOMC Data from Cointelegraph Markets Pro and TradingView tracked an uninspiring day for Bitcoin, with $800 of losses coming in a single hourly candle several hours […]
Gold prices finish modestly higher on Thursday, after struggling for direction, as day after minutes of the Federal Reserve’s May meeting signaled a willingness by the central bank to potentially pause its course of rate hikes later this year, should economic data weaken. Gold for June delivery GC00, +0.09% GCM22, +0.09% added just 0.1%, or […]
Michael Miebach, CEO of Mastercard, told an audience of blockchain executives that he expects SWIFT to phase out of existence in as little as five years’ time. 3778 Total views 167 Total shares Mastercard CEO Michael Miebach said on Tuesday that he does not expect SWIFT, one of the most widely used platforms for cross-border […]
Fed-funds futures traders are pulling back on their outlook for continued rate hikes as revised data released on Thursday shows the U.S. economy contracted by a deeper-than-expected 1.5% annual pace. After the data release Thursday morning, traders placed a 60% chance on the fed-funds rate target getting between 2.5% and 2.75% by December, up from […]
MEXC Global has pledged to carry out a month-long buyback-and-burn to reduce the circulating supply of the old Terra markets. 4003 Total views 12 Total shares The fall of Terra shook the entire crypto market. However, the project has no plans to stay down, having secured backing from crypto exchanges to help it rebuild. In […]