Latest Market News

Jan 14
Market Spotlight: USDJPY & US Retail Sales

US Data In Focus AgainThe final tier-one data of the week is due over today’s US sessions with US Retail Sales for December due. Following the lacklustre response to stronger-than-expected CPI for December, it seems that the odds are stacked against a bullish reversal in USD. With this in mind, should data print at or […]

Jan 14
FOMO Friday: GBPUSD Breaks Out

GBP Beats The BunchSo another week comes to an end, and already we’re deep into the middle of January. Times flies when you’re chasing pips! Chatting with traders this week, it seems the big move that most have bene focused on is the rally in GBP. In terms of specific trades, the breakout in GBPUSD […]

Jan 14
Brazilian mayor to reportedly invest 1% of city reserves in Bitcoin

Rio de Janeiro mayor Eduardo Paes talked about Bitcoin with Miami mayor and BTC bull Francis Suarez at Rio Innovation Week. 160 Total views 11 Total shares Eduardo Paes, mayor of Brazilian city Rio de Janeiro, wants to allocate 1% of the city’s treasury into Bitcoin (BTC), Cointelegraph Brazil reported. Paes reportedly announced plans for […]

Jan 14
BJ's Wholesale stock dives after J.P. Morgan swings to bearish from bullish as stimulus benefits are set to fade

Shares of BJ’s Wholesale Club Holdings Inc. BJ, +0.43% dove 5.2% toward a two-month low in premarket trading Friday, after J.P. Morgan analyst Christopher Horvers swung to bearish from bullish on the membership-based warehouse retailer, following their sizable outperformance the past two years. Horvers cut this rating to underweight from overweight and cut his stock […]

Jan 14
Second Life creator returns to lay claim to the metaverse

Philip Rosedale, founder of Linden Lab’s virtual online world Second Life, will be rejoining the project as a strategic adviser to guide its entry into the metaverse. While he is negative on content interoperability in the metaverse, describing it as “a total fail,” he believes a nonfungible token (NFT)-based future is the way forward long […]

Jan 14
Coronavirus tally: U.S. sets fresh hospitalizations record as experts lament Supreme Court ruling on vaccine mandates

The average number of Americans who are currently in hospitals with COVID-19 set another record, as the highly transmissible omicron variant continued to spread across the country, a day after the Supreme Court struck down a Biden administration vaccine mandate for large companies. There were 148,782 people in hospitals with COVID-19 on Thursday, according to […]