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Powell Ignites YieldsFed chairman Jerome Powell lit a fire under US yields yesterday with comments made at the National Associations of Business Economics. Powell warned that the Fed is willing to do everything necessary to control inflation and stop it from running riot this year. Powell said that amongst its arsenal, the central bank would […]
Equities Continue To Rebound Amidst Ceasefire HopesBenchmark global equities indices are trading with a better tone this week as risk sentiment continues to rebound. Asset markets are continuing to recover off the initial lows posted in the wake of the news of the Russian invasion of Ukraine. With the conflict still raging, heavy downside risks […]
• Nasdaq 100 broke resistance level 14400.00• Likely to rise to resistance level 15000.00 Nasdaq 100 index recently broke the resistance level 14400.00 (top of wave 4) and the 61.8% Fibonacci correction of the downward impulse (C) from February. The breakout of the resistance level 14400.00 accelerated the active short-term impulse wave 1. Nasdaq 100 […]
• Tesla broke resistance level 876.00• Likely to rise to resistance level 1000.00 Tesla recently broke the resistance level 876.00 (top of wave 1 from March) and the 38.2% Fibonacci correction of the downward impulse from January. The breakout of the resistance level 876.00 accelerated the active short-term impulse wave 3 of wave (C) from […]
Though trading cryptocurrencies has been largely illegal in Qatar since 2018 , Crypto.com is likely to reach a more international crowd given the popularity of soccer on the world stage. 2150 Total views 520 Total shares FIFA, an international governing body for many major soccer tournaments, has announced that cryptocurrency exchange Crypto.com will be an […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 4.3 million barrels for the week ended March 18, according to sources. The API also reportedly showed weekly inventory declines of 626,000 barrels for gasoline and 826,000 barrels for distillates. Crude stocks at the Cushing, Okla., delivery hub were up by 646,000 […]