News

May 09
Oil prices are falling globally due to fears of recession and the closure of China

Global oil prices fell on Monday, May 9, along with stock markets in Asia, weighed by weak Chinese data and fears of a global recession that could double oil demand. Oil prices fell as investors looked ahead to European Union talks on a Russian oil embargo, which could result in an agreement that could put […]

May 09
Market Spotlight: AUDUSD Looking To Break Lows

AUDUSD Big Level on WatchHeavy risk aversion as we kick off the new week has seen commodity-linked currencies getting hit hard. Chief among them is the Aussie which has broken down through last week’s lows and is now once again testing 2022 lows around the .6989 level. This is a major support level for the […]

May 09
Wheat Futures ( ZS1! ), H1 Bullish Rise!

Type: Bullish RiseKey Levels:Resistance: 1143’0Pivot: 1123’0Support: 1105’2Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 161.8% Fibonacci extension from our pivot in line with the horizontal pullback support and 23.6% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and […]

May 09
Binance takes legal action against fake billboard ads in Turkey

Trying to cash in on Binance’s popularity in the country, scammers in Turkey have been found to rent numerous billboards to advertise fake Binance-themed opportunities. 457 Total views 23 Total shares Binance TR, the Turkish arm of crypto exchange Binance, has warned investors in the region of an ongoing scam attempt that targets crypto investors […]

May 09
LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?

Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST). The LUNA/USD pair dropped 20% between May 7 and May 8, hitting $61, its worst level in three months, after a whale mass-dumped $285 million worth of UST. As a result of this selloff, UST briefly lost its United States […]

May 08
NFT market well-positioned to grow 35% into a $13.6B industry by 2027

For the next five years, trends tied to the global NFT boom continue to factor in the growing involvement of mainstream influencers, gaming communities and the rising demand for digital artworks. 3527 Total views 20 Total shares Reflecting the growing interest in the nonfungible token (NFT) space among today’s investors, new research predicts that the […]