Latest Market News
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking 8/8 and leaving the “overbought area”, USDCHF is expected to break 7/8 and continue falling to reach the support at 5/8. However, this scenario may be cancelled if the price breaks the resistance at 8/8 to the upside. After that, the instrument may […]
FOMC Up NextThe FOMC meeting later todayholds the potential to be a key, near-term catalyst for FX price action. Withtraders expecting the Fed to hike rates by .5%, the focus now will be one theaccompanying guidance issued alongside the rate decision. Should the Fedmaintain its recent hawkishness, focusing on the need to normalise policy so […]
GBPCAD Remains Under PressureThe short idea issued inGBPCAD has seen the market trading down towards the target at 1.5894. While we’veseen a little corrective action recently, the bias remains firmly bearish forthe pair while below the 1.6293 level, keeping the focus on an eventual test ofthe 1.5899 level. Retail traders remain heavily long here and […]
Gucci’s past efforts into Web3 have culminated with the brand accepting 12 cryptocurrencies at a few select stores, with a wider rollout planned for the future. 1605 Total views 36 Total shares The Italian high-end fashion label Gucci has announced it will begin accepting cryptocurrency payments by the end of the month in five of […]
U.S. stocks closed sharply higher Wednesday, jumping as Federal Reserve Chair Jerome Powell delivered remarks following the conclusion of the Fed’s two-day policy meeting. The Dow Jones Industrial Average DJIA, +2.81% ended around 932 points higher, or 2.8%, while the S&P 500 SPX, +2.99% climbed about 3% and the Nasdaq Composite COMP, +3.19% jumped about […]
A new crypto litigation tracker from commercial law firm Morrison Cohen LLP shows details of more than 300 active and settled court cases since 2013. Morrison Cohen is a New York-based firm that caters to large financial institutions, entrepreneurs and early-growth stage companies, and specializes in capital markets, business litigation, real estate and bankruptcy to […]