Latest Market News

May 05
The “greenback” is extremely strong. Overview for 04.05.2022

EURUSD continues trading near its lows; market players are waiting for the US Fed’s decisions. The major currency pair remains weak on Wednesday. The current quote for the instrument is 1.0518. So, the zero hour has come. The 2-day meeting of the US Fed will be over later today, which means that investors will finally […]

May 05
Forex Technical Analysis & Forecast 04.05.2022

EURUSD, “Euro vs US Dollar” After finishing the correctional wave at 1.0655, EURUSD is forming a new descending structure to break 1.0407 and may later continue trading downwards with the target at 1.0373. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the correctional wave at 1.2570, GBPUSD is falling to break 1.2444 and may […]

May 05
Soybean Oil Futures (ZL1!), H1 Potential for Bearish Continuation

Type: Bearish ContinuationKey Levels:Resistance: 83’30Pivot: 82’45Support: 79’93Preferred Case:With price expected to reverse off the resistance of the ichimoku cloud, we see a potential bearish continuation from our pivot level of 82’45 which is in line with 38.2% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 79’93 which is in line with […]

May 05
Preview of the FOMC Meeting: Balance Sheet Run-off Announcement is the key Thing to Watch

The Fed is expected to deliver a 50 bp rate hike today and announce the start balance sheet runoff. Markets will be interested in the pace of QT, since this will determine supply of longer-maturity Treasuries on the market in the medium-term which has a great influence on greenback demand. For example, the pullback of […]

May 05
Quantum-based random number generator for Web3 games and wallets launched

The QRNG uses a fluctuating quantum system to guarantee unpredictable randomness, which can be used in Web3 gaming and gambling. 3002 Total views 48 Total shares Researchers at Australia National University have teamed up with blockchain oracle provider AP13 to launch the first Quantum Random Number Generator (QRNG). The joint effort will allow Web3 entities […]

May 05
One Medical’s Q1 revenue tops views, membership increases nearly 30%

1Life Healthcare Inc. ONEM, +5.53% shares rose in the extended session Wednesday after the parent company of One Medical doctor’s offices reported first-quarter revenue above analyst estimates and said its membership grew nearly 30%. 1Life said it lost $90.9 million, or 47 cents a share, in the quarter, compared with a loss of $39.3 million, […]