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The Federal Reserve eventually could resort to selling off mortgage-backed securities on its balance sheet, according to the minutes of the central bank’s last strategy session in March. During the March meeting, Fed officials reviewed the results of the central bank’s previous efforts at shrinking its balance sheet between 2017 and 2019. Amid the COVID-19 […]
Type: Bearish DipKey Levels:Resistance: 1075’6Pivot: 1036’6Support: 982’0Preferred Case:Prices have approached our Pivot at 1036’6 in line with 61.8% Fibonacci Retracement . We see the potential for a dip from our Pivot at 1036’6 towards our 1st support at 982’0 in line with 61.8% Fibonacci Projection . Prices are trading below our Ichimoku cloud resistance, further […]
Type: Bearish DipKey Levels:Resistance: 104.56Pivot: 102.83Support: 98.24Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our pivot at 102.83 which is a graphical overlap and in line with 38.2% Fibonacci Retracement towards our 1st support at 98.24 in line with 61.8% Fibonacci Projection .Alternative […]
One of Australia’s biggest banks is still wading through a sea of red tape spun by local financial regulators before launching its crypto products to all of its retail users. 255 Total views 15 Total shares Financial regulators are standing in the way of expanded crypto services on Commonwealth Bank of Australia’s (CBA) mobile app. […]
A Senate floor vote on the confirmation of Judge Ketanji Brown Jackson to serve on the U.S. Supreme Court has been set for Thursday at 1:45 p.m. by Majority Leader Chuck Schumer, according to reports. Three Republicans have verbally committed themselves to vote to confirm Jackson, suggesting a likely 53-47 vote, in the wake of […]
The U.S. Treasury secretary emphasized the department’s crypto monitoring efforts at a House Financial Services Committee hearing on Wednesday. 875 Total views 28 Total shares United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed on Russian […]