Latest Market News
USDCAD Reversal on Watch The combination of lower oil prices this week and fresh hawkishness from the Fed has fuelled a sharp reversal in USDACD. The pair has seen strong reversal candles off the 1.2469 support, potentially carving out a large double bottom at the level, accompanied by strong bullish divergence in momentum studies. With […]
• AUDUSD reversed from resistance zone• Likely to fall to support level 0.7400 AUDUSD currency pair recently reversed down from the resistance zone located between the key resistance levels 0.7545 (June high) and 0.7595 (October barrier) The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing. Having just broken […]
Sharyn Alfonsi, a journalist and 60 Minutes correspondent, interviewed Mike Peterson, one of the people who funded the Bitcoin Beach project and encouraged crypto adoption. 909 Total views 13 Total shares 60 Minutes, the CBS news show that has been running since 1968, will feature El Salvador’s Bitcoin Beach in a new episode airing April […]
The Dow closed modestly higher Friday, but all three major stock indexes finished the week lower after the Federal Reserve’s March meeting minutes outlined its tentative plans to cut the size of its $9 trillion balance sheet at a record pace. The Dow Jones Industrial Average DJIA, +0.40% advanced about 139 points, or 0.4% Friday, […]
South Africa has taken another step closer to implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project. The project titled Project Khokha 2 (PK2) is the second phase of SARB’s Project Khokha (PK1), launched in 2018. It experimented with distributed ledger technology (DLT) […]
Lowe’s Cos. Inc. LOW, +1.98% said late Friday it has appointed Brandon Sink as its chief financial officer, effective April 30. Sink, currently senior vice president of retail finance, succeeds Dave Denton, who is stepping down as CFO to “pursue another opportunity at a publicly traded company outside the industry,” Lowe’s said. Sink and Denton […]