News
World Bank Cites Ukraine, Inflation & Supply Issues As Recession RisksIn its latest Global Economic Prospects report issued today, the World Bank warned that many countries are at severe risk of a “major recession” in the wake of the violence in Ukraine, inflation and supply-issues. In particular, the World Bank noted that less developed nations […]
Type: Bullish RiseKey Levels:Resistance: 9753Pivot: 9312Support: 9129Preferred Case:On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 9312 where the overlap support is to the 1st resistance at 9753 in line with the pullback resistance, 161.8% fibonacci extension and 100% fibonacci projectionAlternative […]
Gold futures booked back-to-back gains on Wednesday, putting the precious metal on pace for a weekly gain. Gold for August delivery GCQ22, -0.09% GC00, -0.09% rose 0.2%, adding $4.40, to settle at $1,856.50 an ounce on Comex. The yellow metal found some support despite the 10-year Treasury rate pushing back above 3% and the ICE […]
Twitter Inc. TWTR, +0.77% reportedly plans to share a full data stream with Tesla Inc. TSLA, +1.25% chief Elon Musk as it looks to secure a closing of their pending merger arrangement, The Washington Post said Wednesday. The data stream includes information all on tweets posted daily and the accounts that send them, and Twitter […]
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type. 779 Total views 10 Total shares The New York State Department of Financial Services (DFS) on Wednesday released regulatory guidance for U.S. dollar-backed stablecoins issued by DFS-regulated entities. According […]
U.S. stocks finished sharply lower on Wednesday amid lackluster trading volume as demand for equities slackened ahead of May inflation data expected to be released on Friday. The Dow Jones Industrial Average was off 269.24 points, or 0.8%, to 32,910.9. The S&P 500 was off 44.91 points, or 1.1%, to 4,115.77 , and the Nasdaq […]