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Daily Market Outlook, January 6, 2022 Overnight Headlines China Services Activity Increases Solidly During December – PMI Japan Service Sector Expands At Softer Pace In December – PMI Australia Service Sector Expansion Continues As Price Pressures Rise BoJ’s Stealth Taper: Bond Pile Shrinks For 1st Time Under Kuroda BoJ Seen Raising FY22 CPI Forecast To […]
Type: Bullish BounceKey Levels:Resistance: 131.493Pivot: 130.532Support: 130.078Preferred Case:Prices are on bullish momentum and consolidating in a bullish channel. We see the potential for a bounce from our Pivot at 130.532 in line with 61.8% Fibonacci retracement towards our 1st resistance at 131.493 in line with 78.6% Fibonacci extension. Prices are trading above our Ichimoku Clouds, […]
T-Mobile Inc. TMUS, +0.18% shares slipped in the extended session Thursday after the telecom company reported it posted record-high customer results for the quarter. T-Mobile shares declined 1.4% after hours, following a 0.2% rise to close at $115.57. The company said it added 844,000 net postpaid phone customers in the fourth quarter, compared with 824,000 […]
Bitcoin (BTC) delivered fresh volatility on Jan. 6 as rangebound behavior saw its first shake-up in weeks. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Open interest remains high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping overnight to hit $42,000 for the first time since December. Although not the upside breakout that many had […]
CannTrust Holdings Inc. said Thursday it’s developing an “orderly wind-down plan” to maximize the value of its assets, because the company does not have sufficient liquidity to operate beyond the near term. The wind-down plan would be used if a financing or strategic transaction option cannot be finalized by the Canadian cannabis producer. The company […]
Sun Hung Kai reportedly became the biggest seller of new homes in Hong Kong in January 2022. 2074 Total views 32 Total shares Sun Hung Kai, one of the largest property developers in Hong Kong, continues betting on the cryptocurrency industry by investing in Swiss crypto outfit Sygnum. Sygnum officially announced Thursday that it had […]