Author: FX
<p>Tesla price cuts again.</p><p>Prices cut on its top-selling models in the US. </p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Alibaba Group Holding Limited (BABA) is a multinational technology conglomerate that has footprints in e-commerce, retail, logistics, artificial intelligence, cloud computing and finance services. It provides an ecosystem that revolutionized the retail industry in China and globally with the adoption of various technologies.BABA is listed on NYSE as ADR. BABA has been in a clear down trend since Oct 2020. The earning results on 19 Nov 2021 triggered another round of Wyckoff sign of weakness (SOW) until the price found support at $110. However, the price was unable to rally up from there and turned into a Wyckoff redistribution phase. The price slided…
wutwhanfoto Chinese-American drug developer Structure Therapeutics (GPCR), formerly known as ShoutTi, has filed to raise $100M through a US initial public offering. Structure Therapeutics didn’t specify in its filing how many American Depositary Shares it intended to offer or the price, but indicated in an attached filing fee schedule that it was seeking to raise $100M, a number that is likely a placeholder and subject to change. The biotech hopes to list its shares on Nasdaq under the symbol GPCR. Lead bookrunners include Jefferies, SVB Securities, Guggenheim Securities and BMO Capital Markets. The company has been focused on developing drugs…
Introduction to the Pivot Lines Time Zone Indicator Pivot Point levels are critical levels which many professional traders use, including institutional traders trading for big banks. However, the Pivot Point levels we are using may differ from what they are using. This is because our indicators may be calculating Pivot Points based on different open, high, low, and close price levels. This indicator allows users to adjust the time zone for the Pivot Points, which can compensate for the time difference between the Pivot Point used on our platforms and the Pivot Point levels based on major markets. What is…
Matt Stroshane/Getty Images Entertainment Tiger Woods-backed SPAC Sports & Health Tech Acquisition Corp. (LDSP) has withdrawn plans for a $150M initial public offering. The SPAC first filed with the SEC for an IPO in January 2022, with the intention of securing a business combination in the sports and health sectors. Woods was a lead investor in the SPAC. Other key investors were former pro tennis player Caroline Wozniacki and former NBA player David Lee. For more SPAC news, check out SA’s SPAC News page. Source link
2/2 © Reuters. FILE PHOTO: A satellite view shows a closer view of exploding munitions, in Bakhmut, Ukraine, January 3, 2023. Satellite image 2023 Maxar Technologies./Handout via REUTERS 2/2 (Reuters) – Ukraine said its troops were holding out against pro-Moscow forces in the eastern salt mining town of Soledar as more than 500 civilians including children were trapped there. FIGHTING * The ultra-nationalist contract militia Wagner, run by an ally of Russian President Putin, claims to have taken Soledar after intense fighting that it said had left the town strewn with Ukrainian dead. * Moscow has held off officially proclaiming…
Earlier from the South Korean central bank:Main points from the statement now accompanying the decision, Headlines via Reuters: Economic growth to slowGDP growth to be slower than expectedInflation to slow graduallyHousing price decline acceleratedStatement has no reference to need for more rate hikesStatement adds assessment of recent rate hikes to factors to be considered going forwardPolicy focus will remain on containing inflationExtends existing measures to support short-term money markets by 3 monthsADVERTISEMENT – CONTINUE READING BELOW Source link
GBP/USD picks demand around 1.2200 as risk appetite improves further The GBP/USD pair has rebounded after a corrective move to near the round-level support at 1.2200 in the early Toyo session. The Cable has resumed its upside journey as the risk appetite of the market participants has improved further. Read More … Cable breaking 1.2085 resistance, new support? Cable has made a nice bullish turn from 1.1840 area so there can be more gains coming after current intraday pullback that already has a corrective look for wave 2/B. However, because of important US CPI and volatility, there is a chance…
PhotoAttractive/E+ via Getty Images U.S. corn and soybean futures rose Thursday following a surprise cut in production estimates in the latest WASDE report from the U.S. Department of Agriculture. In the latest world supply and demand report, the USDA cut its estimate for the domestic corn crop to 13.73B bushels and its outlook for soybean production to 4.28B, attributing the unexpected production cuts to a reduction in harvested area, which helped lift futures contracts for the two crops. The report also trimmed its outlook for corn and soy production in drought-hit Argentina, where some traders said more cuts were warranted.…
Gold, XAU/USD, US CPI, Inflation, Bonds, Fed – Asia Pacific Market OpenGold prices roar higher as in-line US CPI report sinks US DollarMarkets slowly pricing out 2 more Fed rate hikes in months aheadXAU/USD breakout restores upside momentum, hinting at gains Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Asia-Pacific Market Briefing – US CPI Report Boosts Gold Prices as USD SinksGold prices roared higher on Thursday in the aftermath of December’s US inflation report. Headline CPI crossed the wires at 6.5 percent y/y, which was in line with expectations and down from November’s 7.1% result. There seemed to…