Latest Market News
Slight Reduction In Oil LongsThe latest CFTC COT institutional positioning report shows that oil traders cut their net-long positions last week, bringing total upside exposure back from the ten-week highs recorded over the prior week. While the market remains overwhelmingly long, some corrective action is to be expected and, at less than 10%, the reduction […]
CitiEuropean OpenSome markets reopened in Asia, following Lunar New Year Holidays. However, we note that CNY/HKD/TWD are still on holiday. In terms of moves, the plunge in equity futures late in NY session was the highlight, as sour earnings caused 2% dips. USD modestly gained in the Asian session, continuing a trend seen in NY, […]
• EURAUD broke resistance zone • Likely to rise to resistance level 1.6125 EURAUD currency pair recently broke the resistance zone lying between the key resistance level 1.5950 (which has been reversing the pair from January) and the 61.8% Fibonacci correction of the previous ABC correction (2) from December. The breakout of this resistance zone accelerated […]
• EURUSD reversed from support zone • Likely to rise to resistance level 1.1470 EURUSD currency pair recently reversed up sharply from the support zone lying between the major support level 1.12 (which has been reversing the pair from the middle of 2020) and the lower weekly Bollinger Band. This support zone was further strengthened by […]
The Nashville couple’s case against the IRS compared unclaimed and unsold crypto rewards to an unsold book from a writer, and will be rewarded a refund with interest for tax paid. 4715 Total views 100 Total shares A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to […]
Vista Outdoor Inc. VSTO, +2.37% shares rose 1.3% in Thursday trading after the outdoor and sporting company reported record fiscal third-quarter sales. Net income totaled $118.1 million, or $2.00 per share, up from $78.9 million, or $1.31 per share, last year. Adjusted EPS of $2.10 beat the FactSet consensus of $1.92. Sales of $794.7 million […]