Latest Market News

May 09
First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers? After falling to nearly $33,000, the largest cryptocurrency is giving market participants, new and old, a run for their money, and the fear is palpable. A brutal combination […]

May 09
Coty stock gains after profit and revenue topped expectations, outlook nudged higher

Shares of Coty Inc. COTY, -1.89% rose 0.3% in premarket trading, after the beauty products company reported fiscal third-quarter profit and revenue that topped expectations, amid strength in its Prestige and Consumer Beauty segments, and raised its full-year outlook. For the quarter to March 31, the company swung to net income of $50.3 million, or […]

May 09
Oil prices are falling globally due to fears of recession and the closure of China

Global oil prices fell on Monday, May 9, along with stock markets in Asia, weighed by weak Chinese data and fears of a global recession that could double oil demand. Oil prices fell as investors looked ahead to European Union talks on a Russian oil embargo, which could result in an agreement that could put […]

May 09
Market Spotlight: AUDUSD Looking To Break Lows

AUDUSD Big Level on WatchHeavy risk aversion as we kick off the new week has seen commodity-linked currencies getting hit hard. Chief among them is the Aussie which has broken down through last week’s lows and is now once again testing 2022 lows around the .6989 level. This is a major support level for the […]

May 09
Wheat Futures ( ZS1! ), H1 Bullish Rise!

Type: Bullish RiseKey Levels:Resistance: 1143’0Pivot: 1123’0Support: 1105’2Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 161.8% Fibonacci extension from our pivot in line with the horizontal pullback support and 23.6% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and […]

May 09
Binance takes legal action against fake billboard ads in Turkey

Trying to cash in on Binance’s popularity in the country, scammers in Turkey have been found to rent numerous billboards to advertise fake Binance-themed opportunities. 457 Total views 23 Total shares Binance TR, the Turkish arm of crypto exchange Binance, has warned investors in the region of an ongoing scam attempt that targets crypto investors […]