Latest Market News
Reuniting New Brunswickers with their unclaimed property is one step closer with the provincial government’s proclamation on January 1 of the Unclaimed Property Act. Under the Act, holders of unclaimed property – like businesses, associations and government organizations – are now required to review their books to search for monetary property that belongs to someone […]
The Fed preferred moderate pace of tightening at the last meeting which contributed to the “sell the facts” market response to the meeting outcome. The Fed hiked interest rate by 50 bp and acknowledged that it will deliver more this year. Given persistence of some pro-inflationary factors (commodity and food inflation, supply disruptions, labor market […]
GBPNZD Bear Flag on Watch Price action in GBPNZD is looking interesting here. The pair has been moving in a well-defined, corrective bull channel over the last month or so. Given the heavy decline leading into this current corrective period, an eventual downside break of the channel and a continuation of the prior bearish trend, […]
• USDJPY reversed from support area• Likely to rise to resistance level 131.20 USDJPY recently reversed up strongly from the support area located between the key support level 128.90 (former resistance from last month) and the 50% Fibonacci correction of the upward impulse from April. The upward reversal from this support area is likely to […]
• Nikkei 225 reversed from resistance area• Likely to test support level 26500.00 Nikkei 225 index recently reversed down from the resistance area located between the key resistance level 27425.00 (which has been reversing the price from last month), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from March. The […]
Polkadot (DOT) price ticked higher in the past 24 hours on anticipations that its new cross-chain communications protocol would solve a long-standing problem in the blockchain sector. DOT price gains 12% on XCM launch Bulls pushed DOT’s price to $16.44 on May 5 from $14.72 a day before, gaining a little over 12% as they assessed […]