Bulls in charge to the 61.8% Fibo

Bulls in charge to the 61.8% Fibo

2021-08-15

  Gold prices have recovered a significant portion of the daily drop. Traders will be watching US data and the FOMC Minutes for the week ahead. XAU/USD is trading at $1,779.16 and flat after Friday’s price action. Gold took advantage of a drop in the US dollar on Friday followingRead More →

What you need to know about XRP’s path to

What you need to know about XRP’s path to $2

2021-08-15

  When compared to the likes of Polkadot, Cardano and Ethereum, XRP’s utility has always been undermined. The token has, however, gained traction of late, thanks to its 56.4% weekly surge. XRP’s several use cases As of now, XRP is being used by a host of companies for various purposes.Read More →

Will the SPY keep going up or will CPI hit?

Will the SPY keep going up or will CPI hit?

2021-08-11

  SPY continues to frustrate the herd expecting a pullback. SPY shorts are beginning to cover in the latest Commitment of Traders report. SPY looks technically overbought but this can continue. The S&P ETF, SPY, continues to confound many seasoned commentators looking for a late summer sell-off. The market byRead More →

Nasdaq beats profit estimates on trading strength By Reuters

Nasdaq beats profit estimates on trading strength By Reuters

2021-07-21

  © Reuters. FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton (Reuters) – Exchange operator Nasdaq Inc reported a better-than-expected quarterly profit on Wednesday, boosted by strength in its trading business asRead More →

Remains vulnerable to slide further

Remains vulnerable to slide further

2021-07-21

  A modest USD profit-taking assisted GBP/USD to reverse an intraday dip to sub-1.3600 levels. Acceptance below 200-day SMA might have already set the stage for a further near-term decline. Any attempted recovery move is more likely to remain capped near the 1.3700 round-figure mark. The GBP/USD pair once againRead More →

Didi spurned Chinese regulators, who wanted to delay its U.S. IPO

Didi spurned Chinese regulators, who wanted to delay its U.S. IPO

2021-07-05

  Weeks before Didi Global Inc. went public in the U.S., China’s cybersecurity watchdog suggested the Chinese ride-hailing giant delay its initial public offering and urged it to conduct a thorough self-examination of its network security, according to people with knowledge of the matter. But for Didi DIDI, -5.30%, waiting would be problematic.Read More →