Latest Market News
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 […]
Bitcoin Heads Lower (Again!)Just as Bitcoin bulls thought it couldn’t get any worse, the market took another leg lower this week. Following an almost 20% decline last week, the bulk of which came on Friday as the market lurched beneath 4151 support, prices opened up under heavy selling pressure this week. BTC was down over […]
Shares of Qualtrics International Inc. XM, -1.22% spiked 10% in extended trading Wednesday after the experience-management technology company reported fiscal fourth-quarter results. Qualtrics reported a net loss of $309.8 million, or 56 cents a share, compared with a net loss of $14.5 million, or 3 cents a share, in the year-ago quarter. The company reported […]