Latest Market News
The crypto job market shows few signs of slowing down despite high profile cases of staff layoffs and hiring freezes across big tech companies. In recent weeks, several major tech companies have announced a paring back of staff, citing a downturn in the traditional market and narrowing demand for products that had boomed during the […]
U.S. stocks tumbled Wednesday, with all three major benchmarks closing sharply lower as consumer stocks including Target Corp. were battered. The Dow Jones Industrial Average DJIA, -3.57% closed 3.6% lower, the S&P 500 SPX, -4.04% sank 4% and the technology-heavy Nasdaq Composite COMP, -4.73% dropped 4.7%, according to preliminary FactSet data. Shares of Target TGT, […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0600. However, an alternative scenario implies […]
Type: Bullish BounceKey Levels:Resistance: 237.45Pivot: 222.25Support: 210.00Preferred Case:With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 237.45 in line with the horizontal swing high resistance from our pivot of 222.25 in line with the horizontal pullback support and 61.8% Fibonacci retracement .Alternative […]
Powell Reaffirms Fed HawkishnessFed chairman Powell was back on the wires yesterday. Speaking during a livestreaminterview with Wall Street Journal Powell warned that the Fed stands willing todo whatever necessary to bring inflation down to target. Elaborating further,Powell said: “If that involves moving past broadly understood levels of neutralwe won’t hesitate to do that. We […]
Bitcoin (BTC) headed toward an “interesting” liquidity area on May 18 as United States stock markets opened with a bearish bang. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price nears “interesting” rematch with lows Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it broke through the $29,000 support after the Wall Street open. […]