Latest Market News
Gold futures settled lower on Wednesday, then traded little changed in electronic trading after Federal Reserve officials said they expect it “will soon be appropriate to raise” interest rates. Worries about the effects rising interest rates could have on nonyielding bullion have been among the key bearish near-term drivers for gold. February gold GCG22, -1.01% […]
ARK Invest’s new report predicts Ether’s market cap will reach $20 trillion and the Bitcoin price will exceed $1 million by 2030 based on BTC’s use cases and how ETH captures market share from TradFi. 643 Total views 3 Total shares A new report from Cathy Woods’ ARK Invest forecasts Ethereum (ETH) will meet or […]
Shares of Rivian Automotive Inc. RIVN, +1.11% rose more than 8% Wednesday, poised to end at their highest since Dec. 27. Bloomberg earlier Wednesday reported that Rivian is picking up the pace at its Normal, Ill., plant following a week-long production halt earlier this month. According to report, which cited people familiar with the issue, […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 1/8. However, this scenario may no […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support level. At the moment, EURUSD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.1340. However, an alternative scenario implies that […]
Hawkish Expectations Ahead of BOCAhead of the FOMC tonight, the Bank of Canada rate decision later today is drawing a great deal of attention given the market’s hawkish expectations. With Inflation seen hitting thirty year highs in December and with BOC governor Macklem noting that slack in the Canadian economy had “substantially diminished”,current market pricing […]