News
Raymond James analyst William J. Wallace IV on Monday downgraded shares of ConnectOne Bancorp CNOB, -3.35% to outperform from strong buy and trimmed his price estimate by $2 to $38 a share following the company’s fourth-quarter results. “Assuming net interest margin has likely peaked, it will become a headwind as the Fed starts rising rates […]
Bitcoin (BTC) is heading for its worst January performance in four years — could all not be what it seems? Data from on-chain analytics resource Coinglass shows January 2022 to be the least profitable since the peak of Bitcoin’s last halving cycle. Investors, however, are still waiting for a “blow-off top.” Will Bitcoin see a rare “red” […]
Congressman Ed Perlmutter, D., Colo., said Friday he has attached the Secure and Fair Enforcement (SAFE) Banking Act for cannabis companies to an existing bill called the America Competes Act. The America Competes Act addresses research and innovation efforts as a non-cannabis specific bill. “Cannabis-related businesses – big and small – are in desperate need […]
Canadian cannabis company Hexo Corp. HEXO, +3.68% said Monday it has received notification from the Nasdaq exchange that it is not in compliance with minimum bid price requirements, after the stock traded below $1 for 30 straight trading days. Hexo shares closed Friday at 50 cents. The company now has 180 calendar days to regain […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after attempting to reach the high at 1877.09, XAUUSD is forming a steady wave to the downside and has already returned to 38.2% fibo tested earlier. The next downside targets may be 61.8% and 76.0% fibo at 1730.00 and 1696.10 respectively. The […]
EURUSD, “Euro vs US Dollar” After reaching the target at 1.1125, EURUSD is growing towards 1.1186 and may later fall to reach 1.1148, thus forming a new consolidation range between the two latter levels. A breakout of this range to the upside may result in a new ascending wave with the first target at 1.1220. […]