News
US market researcher Jim Bianco warned that the Federal Reserve’s decisive steps to curb runaway inflation would hurt Wall Street. In his opinion, all financial assets may suffer, writes CNBC.At the end of 2021, Bianco turned bearish on the stock market citing inflation as the biggest risk. The fault of the Fed is, in his […]
The British pound GBPUSD, -0.31% fell below $1.30 on Friday, trading at the lowest level since November 2020. The U.K. currency has been pressured as the Bank of England, despite being further along with rate increases than the U.S. Federal Reserve, has expressed caution about how high it can take rates. The U.K. currency also […]
U.S. stocks opened mixed Friday, with the technology-heavy Nasdaq Composite COMP, -1.34% and S&P 500 SPX, -0.27% trading lower, as investors continue to digest expectations for a more hawkish Federal Reserve ahead of March inflation data due out early next week. The Dow Jones Industrial Average DJIA, +0.40% was up slightly before dipping into negative […]
Legal cannabis companies would be allowed for the first time to deduct ordinary business expenses on their state taxes under a budget agreement reached Thursday by New York State lawmakers. This would put cannabis companies on equal tax ground with all other businesses in the state, at least in terms of their New York income […]
Type: Bearish ReversalKey Levels:Resistance: 45637Pivot: 44565Support: 42905Preferred Case:With price moving below the Ichimoku indicator, we have a bearish bias that price will drop to our 1st support of 42905 in line with the swing low support from our pivot of 44565 in line with the pullback resistance and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price may rise […]
Type: Bearish ReversalKey Levels:Resistance: 1.27021Pivot: 1.25985Support: 1.24267Preferred Case:With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our 1st support of 1.24267 in line with the swing low support from our pivot of 1.25985 in line with the pullback resistance and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price […]