Author: FX
The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14. The rejection did not invalidate the 4-week-long ascending channel, but a weekly close below $825 billion will confirm a shift to the lower band and reduce the support level to $790 billion.Total crypto market cap in USD, 12-hour. Source: TradingViewWeekly winners and losers among the top 80 coins. Source: NomicsPerpetual futures accumulated 7-day funding rate on Dec. 16. Source: CoinglassBTC options volume put-to-call ratio. Source: laevitas.chContinue Reading on Coin Telegraph Source link
Scott Olson/Getty Images News An investor in Elon Musk’s $44 billion takeover of social media giant Twitter (TWTR) confirmed that a representative for the billionaire recently reached out to him about investing in the company. Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, who’s also an investor in Tesla (NASDAQ:TSLA), said a representative for the Tesla CEO reached out to him on Thursday about investing in Twitter at the same price Musk paid for the company, $54.20 a share, according to various media reports on Friday. Gerber told the WSJ that he originally invested about $1…
L3Harris close to deal to buy Aerojet Rocketdyne for $4.7B – report Source link
welcomeinside Citi’s quant team is casting a jaundiced eye on contrarian trades for the year ahead. “We have learnt to be suspicious of attention-grabbing contrarian strategies,” strategist Robert Buckland wrote in a note. “They might make for good stockbroking, but they do not deliver good long-term investment track records.” Contrarian calls underperformed in 2022, Buckland said. “Bearish calls on IT worked, but their contribution was wiped out by bullish calls on China and Energy stocks,” he noted. For 2023 in assets, contrarians will likely be “short both oil (USO) (BNO) and gold (GLD), and long EM (EEM) (VWO) and DM…
© Reuters. FILE PHOTO: Peru’s President Dina Boluarte speaks during a ceremony to commemorate the Day of the Peruvian Army and the anniversary of the Battle of Ayacucho, in Lima, Peru December 9, 2022. Peru’s Presidency/Handout via REUTERS By Marco Aquino and Kylie Madry LIMA (Reuters) -Peruvian President Dina Boluarte, who has said she is leading a transitional government, urged the country’s Congress to pass a proposal to bring forward general elections in a news conference from the presidential palace on Saturday. Boluarte, formerly Peru’s vice president, assumed the presidency earlier this month after leftist then-President Pedro Castillo tried to…
US Dollar Fundamental Forecast Talking Points:This past week, US inflation cooled further, the Fed hiked 50bps while raising its terminal rate forecast and economic activity measured by the PMI sunk deeper into negative territoryOut of the fundamental mix, the Dollar struggled to find a clear direction; which may reinforce expectations for holiday conditions aheadHowever, thin liquidity can readily transmit unexpected volatility ahead with event risk like the PCE deflator, consumer confidence and housing data ahead Recommended by John Kicklighter Traits of Successful Traders Fundamental Forecast for the US Dollar: NeutralThere are a few competing fundamental themes working on the US…
Bet_Noire So far in 2022, the US FDA has approved 32 novel drugs. The last came on Dec. 12 for Mirati Therapeutics’ (MRTX) Krazati (adagrasib) for non-small cell lung cancer (NSCLC). However, it appears unlikely that the number of approvals will not surpass that of 2021’s total when 50 new drugs were given the green light from the agency. The last time the FDA approved fewer than 40 new medicines was 2016 when it approved just 22. However, given there are two weeks left in 2022, the FDA still has several PDUFA dates forthcoming. The next candidate that could win…
© Reuters. FILE PHOTO: Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building after his arrest in Nassau, Bahamas December 13, 2022. REUTERS/Dante Carrer By Jasper Ward (Reuters) -Former FTX CEO Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday. The cryptocurrency mogul was indicted in federal court in Manhattan on Dec. 13 and accused of engaging in a scheme…
BulentBARIS/iStock via Getty Images The week ending Dec. 16 saw the Federal Reserve raising its key rate by 50 basis points, but the agency still sees more rate increases ahead in order to combat inflation. The S&P Global U.S. composite PMI came in lower than expected in December, while import and exports prices continued to slide. Ten out of the 11 S&P 500 sectors finishing in the red with the Industrial Select Sector SPDR (XLI) dipping (-0.98%) for the second week in a row. The SPDR S&P 500 Trust ETF (SPY) too fell (-2.55%) for the second week straight. YTD,…
© Reuters. Four Positive Events in the Crypto Space This Year OK, we admit it, not all of our ’12 Days of Cryptomas’ articles have direct tie-ins to the classic song! But we can promise that every edition is crafted to bring you an overview of the industry we all know and love. It’s with that particular consideration that, in the name of Christmas cheer, DailyCoin has decided to take a step back from the bears and the FUD to bring you some of the brighter spots in the crypto market this year. 2022 has been a mixed year for…