Latest Market News
The U.S.-listed shares of Nio Inc. NIO, -2.68% dove 4.8% in morning trading Monday, to buck the rally in the broader stock market, after fellow China-based electric vehicle maker XPeng Inc. XPEV, -5.54% provided a disappointing second-quarter revenue outlook. Nio’s stock drop comes after it had bounced 29.3% over the past seven sessions, off the […]
The United States equity markets are attempting a recovery after weeks of relentless selling. Along similar lines, on-chain monitoring resource Material Indicators expects the crypto market to recover, but they anticipate Bitcoin (BTC) to spend some time in a range before “a real breakout.” The seven-day moving average of the on-chain transaction volume tracked by […]
All three major stock benchmarks ended sharply higher Monday, kicking off the week with gains as shares in the financials sector jumped. The Dow Jones Industrial Average DJIA, +1.98% closed up almost 619 points, or about 2%, while the S&P 500 SPX, +1.86% climbed around 1.9% and the Nasdaq Composite COMP, +1.59% rose about 1.6%, […]
The Bitcoin (BTC) chart has formed a symmetrical triangle, which currently holds a tight range from $28,900 to $30,900. This pattern has been holding for nearly two weeks and could potentially extend for another two weeks before price makes a more decisive movement. Bitcoin/USD 12-hour price at Kraken. Source: TradingView For those unfamiliar with technical […]
Lithium producer Albemarle Corp. ALB, +2.75% late Monday upgraded its guidance for the year, mostly thanks to additional lithium contract renegotiations following blowout first-quarter earnings earlier this month. Albemarle said it expects fiscal 2022 sales between $5.8 billion and $6.2 billion, compared with a prior guidance of sales between $5.2 billion and $5.6 billion, and […]
EURUSD, “Euro vs US Dollar” EURUSD is consolidating around 1.0566. Possibly, today the pair may expand the range up to 1.0610 and then resume falling to break 1.0530. Later, the market may continue trading downwards with the target at 1.0303. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the ascending structure at 1.2550, GBPUSD […]