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The new NFT trading platform already seems to be making waves just days after its launch. 2088 Total views 55 Total shares Daily volume on NFT marketplace LooksRare has already exceeded $394 million following the platform’s official launch on Jan. 10. The platform was able to bring in this customer base by offering only 2% […]
Top White House economic adviser Brian Deese on Wednesday addressed new data that showed inflation at a nearly 40-year high, telling reporters that increasing prices are a “global phenomenon” that’s connected to the COVID-19 pandemic. Deese, director of the National Economic Council, said the unique strength of the U.S. economic recovery makes the nation “well-positioned […]
USD Still LifelessThe US Dollar remains largely subdued today despite a broadly hawkish set of comments from Fed chairman Powell yesterday. Powell was testifying at the senate confirmation hearing for his Fed chairman re-nomination yesterday and provided plenty of insight into the Fed’s outlook and policy plans for the year ahead. On the back of […]
Type: Bearish ReversalKey Levels:Resistance: 1.14633Pivot: 1.13852Support: 1.1233Preferred Case:On the H4, price is reacting below our pivot level at 1.13852 which is in line with horizontal swing high resistance, 50.0% Fibonacci retracement level. We are biased that price will potentially drop to 1st support at 1.1233, which is in line with horizontal swing low support. This […]
Shares of KB Home KB, +2.79% rose more than 3% in the extended session Wednesday after the home builder reported fourth-quarter profit above expectations and sales that matched forecasts, saying it had to meet “healthy demand” for housing amid “extremely challenging” operating conditions. KB Home said it earned $174 million, or $1.91 a share, in […]
Powell’s speech disappointed proponents of the idea that the Fed is in a hurry to normalize policy with the pace priced in by market expectations, which were shaped after the release of the minutes of the December FOMC meeting. Despite assurances that the Fed will not allow high inflation to take root in consumers expectations, […]