Author: FX
USD/CAD & OIL PRICES TECHNICAL OUTLOOK:USD/CAD appears biased to the upside in the near termOil prices have been developing a bearish pattern in recent weeks, so the technical signals are negativeVolatility could remain elevated as market sentiment sours amid soaring U.S. Treasury yields Recommended by Diego Colman Get Your Free USD Forecast Most Read: US Dollar Outlook Turns More Bullish as Bond Yields Skyrocket Post PCE DataVolatility reared its ugly head in the currency market this past week as U.S. Treasury yields soared across the curve on expectations that the Federal Reserve will have to keep its foot on the…
© Reuters. (BTC) threatened to ditch $23,000 as support on Feb. 25 as an ongoing price correction strengthened into the weekend. 1-day candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to decide the fate of the $23,000 mark on the day.BTC/USD order book data (Binance). Source: Material Indicators/TwitterBTC/USD annotated chart. Source: Rekt Capital/TwitterBitcoin network fundamentals overview (screenshot). Source: BTC.comContinue Reading on Coin Telegraph Source link
© Reuters. Lawyers representing former FTX CEO Sam Bankman-Fried in federal court have requested an extension to file a proposal related to his bail conditions. In a Feb. 24 filing with the United States District Court for the Southern District of New York, Mark Cohen of Cohen & Gressler said the legal team wanted until March 3 to file a proposal for additional bail conditions for Bankman-Fried and find a suitable candidate to act as a technical expert in the case. The lawyers agreed to hire an expert following a Feb. 16 hearing discussing the former FTX CEO’s use of…
US DOLLAR OUTLOOK: BULLISHThe U.S. dollar, as measured by the DXY index, rallies and closes the week at its best level since early JanuaryThe greenback’s gains are driven by surging U.S. Treasury yields following hotter-than-expected PCE resultsISM data will be in focus in the coming days, but the DXY heads into the new week with strong upside momentum. Recommended by Diego Colman Get Your Free USD Forecast Most Read: EUR/USD Subdued as US Dollar Retains Upper Hand, Gold Can’t Shake Off the BluesThe U.S. dollar, as measured by the DXY index, rose this past week for the fourth consecutive week,…
SBF’s new charges, Shapella’s fork date and emojis as financial advice: Hodler’s Digest, Feb. 19-25 Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal chargesFormer FTX CEO Sam Bankman-Fried (SBF) was charged on four new criminal counts by a federal judge presiding over his case. According to a superseding indictment, there are now 12 criminal charges against Bankman-Fried, including eight conspiracy charges related to fraud as well as four charges of wire fraud and securities fraud. In an attempt to possibly modify his bail terms, Bankman-Fried’s attorneys will hire a security expert to assist the federal judge overseeing his fraud…
MF3d A new report examining innovation found that among the 100 most innovative companies, the largest number — 18 — were in the pharmaceutical industry. Large pharmas including Bristol-Myers Squibb (NYSE:BMY), Eli Lilly (LLY), Johnson & Johnson (NYSE:JNJ), Novartis (NVS), Pfizer (NYSE:PFE), Roche (OTCQX:RHHBY), and Sanofi (SNY) made the list, compiled by LexisNexis. Among large biotechs, Amgen (AMGN), Gilead Sciences (NASDAQ:GILD), Moderna (MRNA), and Regeneron (REGN) made the cut. Alnylam Pharmaceuticals (ALNY), which is focused on developing RNA interference (RNAi) therapeutics, and Jazz Pharmaceuticals (JAZZ), known for medicines for sleep disorders and epilepsy, were new additions in 2023. The LexisNexis…
Sundry Photography The average size of new apartments in the U.S. registered the largest Y/Y decline in 2022 as more studios and one-bedroom units entered the market, according to rental portal RentCafe. Average apartment size in 2022 stood at 887 sq. ft. vs. 917 sq. ft. a year earlier, the portal said, using data from RentCafe’s sister company Yardi Matrix. That marks a 54 sq.-ft. drop from 10 years ago. This follows two straight years of increases in average apartment size, during 2020 and 2021, when developers adjusted floorplans to accommodate home offices amid the pandemic. “With one of the…
mikulas1 The S&P Materials sector index dropped -0.13% this week, and the Materials Select Sector SPDR ETF (XLB) -0.14%. The spotlight this week was dominated by economic data and concerns regarding the Federal Reserve’s path forward on rate hikes. Gold futures finished Thursday at their lowest close so far this year, a day after minutes of the Federal Reserve’s latest policy meeting showed policymakers plan to push interest rates higher. Front-month Comex gold (XAUUSD:CUR) closed -1.62% at $1,810.89/oz, while February silver (XAGUDS:CUR) ended -4.32% to $20.75/oz. Meanwhile, iron ore futures (SCO:COM) were up +3.14% for the week and surged past…
The Financial Action Task Force, or FATF, has reported that its delegates have come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies. In a Feb. 24 publication, the FATF says the plenary for the financial watchdog — consisting of delegates from more than 200 jurisdictions — met in Paris and reached a consensus on a roadmap aimed at strengthening the “implementation of FATF Standards on virtual assets and virtual asset service providers.” The task force says that in 2024, it will report on how FATF members have moved forward on implementing…
Justin Sullivan/Getty Images News Interest in companies involved in artificial intelligence continued to make more headlines this week, with investors keying in especially on chipmaker Nvidia (NASDAQ:NVDA). No less than Nvidia (NVDA) Chief Executive Jensen Huang weighed in on AI by saying that artificial intelligence is at “an inflection point” and set to be one of Nvidia’s (NVDA) leading sources of revenue and growth in the coming year. The fact that Huang made his comments during a conference call to discuss Nvidia’s (NVDA) fourth-quarter results and outlook wasn’t lost on Wall Street. Investors sent Nvidia’s (NVDA) shares up by 14%…