Author: FX
ismagilov Mira Pharmaceuticals (MIRA) has filed to raise around $16M through an initial public offering. While Mira didn’t specify terms, it did indicate in its filing fee schedule that it was seeking approximately $16M. The biotech company hopes to list its shares on Nasdaq under the symbol MIRA. Kingswood Investments is serving as lead bookrunner. Based in Maryland, Mira’s lead drug, MIRA1a, is based on the cannabis-derived compound THC. Mira plans to file an Investigational New Drug application with the US Food and Drug Administration in late Q3 2024 to begin clinical testing of the drug in the treatment of…
We’re about to start a brand new trading month, which means central banks like the Reserve Bank of Australia will soon start dropping their July policy statements! What are traders expecting from the RBA and how could the decision affect AUD’s prices? I’ve got the important points for ya! Event in Focus: Reserve Bank of Australia (RBA) Monetary Policy Statement When Will it Be Released: July 4, 2023 (Tuesday): 4:30 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: RBA to raise its interest rates by another 25 basis points to 4.35%…
iRobot Corp. (IRBT) Announces Resignation of Deborah G. Ellinger from Board On June 27, 2023, Ms. Deborah G. Ellinger submitted her resignation, effective June 30, 2023, from the Board of Directors of iRobot Corp . (NASDAQ:) and from each committee on which she served due to family medical issues. Ms. Ellinger’s resignation was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices (financial or otherwise). Source link
The price of WTI crude futures are settling at $69.86 up $0.30 or 0.43%. The high reached $70.60. The low extended to $68.93. The move to session highs saw the price extend back above its 200-hour MA at $70.04 currently (green line in the chart above). However, momentum could not be sustained, and the price rotated back below the MA level.The subsequent fall moved down to test the 100-hour MA (blue line at $69.02) and found support buyers.With the price settling at $69.86, it is between the 100-hour MA below and the 200-hour MA above.Traders will be looking for a…
JAPANESE YEN FORECAST:The Japanese yen has depreciated significantly against its top peers recently, weighed by BoJ’s dovish monetary policyUSD/JPY continues its advance towards the 145.00 handle, with rising U.S. yields bolstering the U.S. dollar performanceMeanwhile, GBP/JPY wavers at 184.00 as the market becomes stretched and prices approach major technical resistance Recommended by Diego Colman Get Your Free JPY Forecast Most Read: Gold Prices Teeter on Brink of Breakdown as US Yields Fly High Following US DataThe Japanese yen was subdued in FX markets on Thursday, as traders remained overly pessimistic about the currency’s outlook following the Bank of Japan’s decision…
GOLD PRICES OUTLOOKGold prices lacks directional conviction, swinging back and forth between gain and lossesDespite Wednesday’s price action, the precious metal could come under pressure following the recent jump in ratesU.S. Treasury yields soar after first-quarter GDP is revised sharply higher and unemployment claims surprise to the downside Recommended by Diego Colman Get Your Free Gold Forecast Most Read: Gold Price Nearing Key Fibonacci Support as Powell Keeps Hawkish Outlook in PlayGold prices (XAU/USD) lacked directional conviction on Thursday in a volatile session. Early in the morning, the metal fell to its lowest level since March 15 following strong U.S.…
Justin Sullivan/Getty Images News The high-stakes conclusion is in sight for AMC Entertainment (NYSE:AMC) and a drawn-out plan to convert its AMC Preferred Equity units (APE) into common shares (part of an approach to raise new equity), as a two-day hearing in Delaware’s Court of Chancery kicked off Thursday morning to settle a key legal hurdle. The case hasn’t been without drama over the past few months, though — and so it was that 15 minutes into the proceedings, a fire alarm evacuated the courthouse and suspended the hearing. With the hearing yet to resume, AMC stock (AMC) was down…
German CPI/HICP Beat EstimatesGerman inflation rises across all measures in the month of JuneECB likely to continue hawkish tone due to stubborn inflation. Euro to remain supportedSurprising US GDP data lifts the dollar, sending EUR/USD sharply lower moment after releaseThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Introduction to Forex News Trading German Inflation Rises on all Measures in the Month of JuneCPI in Germany rose above last months 6.2% and the consensus estimate of 6.3% to print at 6.4%…
Bitcoin (BTC) Prices, Charts, and Analysis:MicroStrategy Bitcoin holding back in profit.Bitcoin needs to take out resistance at $31k. Recommended by Nick Cawley Building Confidence in Trading MicroStrategy (MSTR) revealed recently that it had purchased a further 12,338 Bitcoin between April 27 and June 27 at an average price of $28,136, taking its overall holding of BTC to 152,333. The firm’s overall holding is said to have cost on average $29,688 per BTC and is currently worth around $4.6 billion. MicroStrategy, led by Bitcoin enthusiast Michael Saylor, is one of the largest holders of Bitcoin. At a recent presentation, the firm’s…
We’re not seeing inflation moving away from targetI’m comfortable waitingIf inflation seems to significantly stall, then we’ll probably do moreJust take note that on the headline remark, he adds that he doesn’t share the view of hiking in July – which is a view that is shared by other members of the FOMC including Powell. That certainly makes things interesting and the next consumer price inflation report is going to be a big one to test the bias of everyone ahead of the July decision. This article was written by Justin Low at www.forexlive.com. Source link