Latest Market News

Apr 20
Market Spotlight: Netflix Tanks On Record Subscriber Loss

Netflix -25% Pre-MarketShares in US streaming giant Netflix are trading down by around 25% ahead of the US open today. Sentiment turned heavily bearish for Netflix in response to its Q1 earnings release yesterday which saw the platform reporting its first net-loss in subscribers for a decade. Netflix had offered guidance for subscriber growth of […]

Apr 20
NZDUSD Wave Analysis – 20 April, 2022

• NZDUSD reversed from support level 0.6735• Likely to rise to resistance level 0.6850 NZDUSD currency pair recently reversed up from the key support level 0.6735 (the former monthly low from March), strengthened by the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from February. The upward reversal from the […]

Apr 20
S&P 500 Wave Analysis – 20 April, 2022

• S&P 500 reversed from support level 4400.00• Likely to rise to resistance level 4500.00 S&P 500 index recently reversed up from the support level 4400.00 (the former monthly low from March) intersecting with the 61.8% Fibonacci correction of the upward impulse (1) from January. The upward reversal from the support level 4400.00 created the […]

Apr 20
MakerDAO deploys on layer-2 network StarkNet to enhance functions of DAI stablecoin

MakerDAO is currently the fourth largest DeFi protocol as per TVL rankings with $14.24 billion in locked value. 436 Total views 11 Total shares MakerDAO, a decentralized autonomous organization (DAO) serving the popular DeFi lending protocol Maker, has announced an upcoming deployment schedule on the decentralized zero-knowledge (ZK) Ethereum rollup, StarkNet. Expected to become fully […]

Apr 20
EIA reports an 8 million-barrel weekly decline in U.S. crude supplies

The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 8 million barrels for the week ended April 15. The EIA was expected to show crude inventories up by 2.2 million barrels, according to Marshall Steeves, energy markets analyst at S&P Global Commodity Insights. The American Petroleum Institute on Tuesday reported a […]

Apr 20
Russian tax authority proposes using crypto as a foreign trade payment tool

The Ministry of Finance “partially supported” the proposition, adding that it needs further consideration. 784 Total views 36 Total shares Russia’s Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally. On […]