Latest Market News
Bitcoin (BTC) briefly returned to $30,000 before the May 25 Wall Street open as range adherence lingered. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC should challenge 2-week highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD managing to hit $30,189 on Bitstamp before consolidating back under the $30,000 mark. While appearing uninspiring […]
Proxy research firm Institutional Shareholder Services is recommending against a proposed by Shopify Inc. SHOP, +1.19% to issue one founder share to its CEO Tobi Lütke, Barron’s reported on Wednesday. Combined with other securities at the internet commerce company, the founder share would help Lütke hold 40% of the total voting power of all of […]
Disclaimer: This article is being updated all day long. All timestamps are in the UTC time zone, with updates in reverse order (the latest update is placed at the top). WEF 2022, the first in-person World Economic Forum event since the pandemic started, continues to bridge traditional finance with the future of money on its […]
Major U.S. stock benchmarks were up in choppy trade Wednesday morning, after opening lower, as investors await minutes from the Federal Reserve’s policy meeting in early May. The Dow Jones Industrial Average DJIA, +0.10% was up 0.2%, while the S&P 500 SPX, +0.14% rose 0.3% and the Nasdaq Composite COMP, +0.05% gained 0.5%, FactSet data […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is rebounding from Tenkan-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may slightly correct and test Kijun-Sen at 127.75, and then resume moving downwards to reach 124.65. Another signal in favour of a further downtrend […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming reversal patterns, such as Hammer, close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be at 1.2950. However, an alternative scenario implies that the asset may […]