Author: FX
2d illustrations and photos/iStock via Getty Images Oncology diagnostics developer Accustem Sciences (OTCQB:ACUT) has filed to uplist its shares to Nasdaq and raise $11M. Accustem said in a filing that it was looking to offer 1.5M shares at the assumed price of $7.44, which could likely change. Underwriters would be given a 45-day option to buy up to 222K additional shares. Think Equity is serving as lead bookrunner. The company intends to list its shares on Nasdaq under the symbol ACUT. Its shares currently trade OTC under the same symbol. Accustem also plans to conduct a 1-for-6 reverse stock split…
WASHINGTON (Reuters) – Two businessmen were charged in indictments unsealed in a U.S. court on Friday with allegedly facilitating a sanctions evasion and money laundering scheme in relation to a $90 million yacht of sanctioned billionaire Russian oligarch Viktor Vekselberg. The two businessmen – Vladislav Osipov, 51, a Russian national, and Richard Masters, 52, a UK national, – were charged with conspiracy to defraud the United States and to commit offenses against the United States, the U.S. Justice Department said in a statement. Source link
The S&P 500 (SP500) on Friday retreated 0.66% for the holiday-shortened week to settle at 3,972.61 points, while its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) also shed 0.66%. The benchmark index’s weekly decline is the first of the new year, after having climbed more than 4% over the beginning two weeks of January. Sentiment was weighed down by the release of economic data that showed signs of cooling in the U.S. economy and sparked off concerns over a growth slowdown. Though inflation data showed a moderation, the effects of the Federal Reserve’s monetary policy tightening are only showing up…
The major US stock indices are ending Friday with solid gains. For the week the Nasdaq is closing marginally higher for the 3rd week in a row but the S&P and Dow closed the week lower. The final numbers are showing:Dow Industrial Average rose 330.93 points or 1.00% at 33375.50S&P index rose 73.74 points or 1.89% at 3972.60NASDAQ index rose 288.18 points or 2.66% at 11140.44Russell 2000 rose 30.99 points or 1.69% at 1867.33For the trading week:Dow Industrial Average fell -2.7%S&P index fell -0.66%NASDAQ index gained 0.55%Russell 2000 fell -1.0439% Source link
XAG/USD stays firm and climbs as the US Dollar remains offered across the board. Silver Price Analysis: Range-bound but could turn bullish above $24.50; otherwise, it could re-test the 50-DMA. Silver price extended its gains for the second consecutive day, cleared Thursday’s daily high of $23.93, and held its ground above the 20-day Exponential Moving Average (EMA), reaching a new two-day high at $24.07. Nevertheless, as the North American session progressed, the XAG/USD retraced below $24.00 and is trading at $23.93. Silver Price Analysis: XAG/USD Technical Outlook XAG/USD daily chart suggests the white metal is peaking at around the $24.50 area,…
There was little in the way of economic data today, but there was some final Fedspeak to end the week. It also would the last opportunity for Fed officials to speak ahead of their blackout period before the Fed meeting and decision on February. Fed’s George and Waller were both speaking. George is not a voting member and is retiring in 2023. Her comments saw limited reaction. However, Fed’s Waller was the main event as He is a member of the Board of Governors so he has a permanent vote,He hasn’t spoken since November. So what he said would be…
In a mixed week of FX trade, the British pound took the top spot as U.K. employment and inflation data likely supported speculation that more rate hikes may be needed. While on the other end of the spectrum, the Japanese yen was the biggest loser after the Bank of Japan disappointed traders who were betting on a rate hike this week. Notable News & Economic Updates: On Monday, the World Economic Forum (WEF) told business and government leaders at its annual gathering that two-thirds of private and public sector chief economists forecast a worldwide recession in 2023. Chinese GDP rose…
EUR/JPY bounced off the day’s lows at 139.03 and hit a daily high of 141.19 before losing steam. The EUR/JPY reclaiming and achieving a daily close above the 200-day EMA keeps bulls hopeful of higher prices. The Euro (EUR) rallies sharply on Friday, ahead of the weekend, as the Japanese Yen (JPY) weakened following the Bank of Japan’s (BoJ) monetary policy meeting, with the BoJ resolute in keeping its dovish stance, and the Yield Curve Control (YCC). Therefore, the EUR/JPY gains traction and exchanges hands at 140.63, above its opening price by more than 1%. EUR/JPY Price Analysis: Technical outlook…
S&P retesting at 200 day moving averageAs the trading day works toward the close, the S&P ticked briefly above its 200 day moving average at 3968.82. The high price reach 3970.15. Recall from earlier this week, the price closed above the 200 day moving average on Monday and Tuesday, but stalled on Wednesday and fell sharply. The price reached down into 3885.54 yesterday, before starting to rebound in trading today. The low price today stalled against the 50% midpoint of the range since the mid August high. That level comes in at 3897.68. The low price today reached 3897.86 just…
Bitcoin to the moonThe price of bitcoin Bitcoin Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Bitcoin is the largest and world’s first digital currency launched back in 2009…