News

May 26
White House talks up CBO projections that show ‘historic’ deficit reduction

The Biden White House on Wednesday touted new projections from the Congressional Budget Office, noting the CBO estimates that the deficit this year “will fall by $1.7 trillion — the single largest nominal reduction in the federal deficit in American history.” Shalanda Young, director of the White House’s budget office, said: “With that historic reduction, […]

May 25
EURUSD may continue rising. Overview for 25.05.2022

After several trading sessions of growth, EURUSD is taking a break on Wednesday. However, the momentum may yet continue in the future.  The major currency pair is slightly correcting on Wednesday. The current quote for the instrument is 1.0699. The statistics published by the US yesterday were an unpleasant surprise. The New Home Sales showed […]

May 25
Forex Technical Analysis & Forecast 25.05.2022

EURUSD, “Euro vs US Dollar” After finishing the correction at 1.0755, EURUSD is forming a new descending impulse towards 1.0533. Later, the market may resume growing to reach 1.0640 and then resume trading downwards with the target at 1.0460. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the correction at 1.2595, GBPUSD is forming […]

May 25
NZDUSD Soars As RBNZ Hikes Rates & Lifts Rates Forecasts

NZD Higher Following RBNZThe New Zealand Dollar continues to trade higher today following a firmly hawkish meeting from the RBNZ overnight. On the back of a recent 4% recovery rally against USD, NZD saw around a further 1% gain overnight as the RBNZ hiked rates for a second consecutive meeting and upgraded its rates forecasts […]

May 25
Soybean Futures ( ZS1! ), H1 Potential for Bullish Bounce

Type: Bullish BounceKey Levels:Resistance: 1718’6Pivot: 1692’4Support: 1676’4Preferred Case:With MACD moving in a bullish momentum and prices breaking the Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at1718’6 in line with the 61.8% Fibonacci projection and horizontal swing high resistance from our pivot of 1692’4 in line with […]

May 25
NFT owners reminded to be vigilant after 29 Moonbirds were stolen by clicking a bad link

A malicious link netted a scammer $1.5 million worth of Moonbird NFTs from a Proof Collective member. 2084 Total views 21 Total shares A Proof Collective member has fallen victim to a scam, losing 29 highly-valuable Ethereum (ETH)-based Moonbirds. According to a tweet by Cirrus on Wednesday morning, the victim lost 29 Moonbird nonfungible tokens […]