Author: FX
Share: Weekly forecast, May 8 – 12, 2023 Uptrend scenario The uptrend may be expected to continue, while market is trading above support level 4068, which will be followed by reaching resistance level 4206 – 4244. Downtrend scenario An downtrend will start as soon, as the market drops below support level 4068, which will be followed by moving down to support level 3981. Monthly forecast, May 2023 Uptrend scenario The uptrend may be expected to continue, while market is trading above support level 4068, which will be followed by reaching resistance level 4206 – 4244 and if it…
Letitia James has reportedly proposed legislation that would give the New York Attorney General’s office more authority to regulate the crypto industry. In a May 5 announcement, the NY AG’s office planned to submit a bill called the Crypto Regulation, Protection, Transparency and Oversight Act, or CRPTO, in the state’s 2023 legislative session. The proposed legislation would give New York officials the enforcement power to issue subpoenas, impose civil penalties for crypto firms violating state law, and shut down companies allegedly involved in fraud or illicit activities. Continue Reading on Coin Telegraph Source link
Recommended by Manish Jaradi Introduction to Forex News Trading The US dollar declined in the past week after the US Federal Reserve hinted at a pause in the historic rate hiking campaign. Global equity markets ended largely flat, with US markets ending mixed in a volatile week driven by better-than-expected earnings, regional banking woes, debt-ceiling jitters, and optimism that the Fed is near the end of the tightening cycle.The US dollar index (DXY index) ended the week lower by 0.4%, while the MSCI All Country World Index was largely flat. Within equities, the S&P 500 fell 0.8%, while the Nasdaq…
Dmitriy83/iStock via Getty Images Patients in the U.S are expected to dish out $10B on obesity medicines in 2027, marking an $8.1B rise or over 378% growth for the period 2023 – 2027, the latest industry report on pharma spending from the drug analytics firm IQVIA Holdings (IQV) indicates. According to the report, 2 – 5 new weight loss drugs targeted at the gut hormones, glucagon-like peptide-1 (GLP-1) and glucose-dependent insulinotropic polypeptide (GIP), will reach the market over the forecast period. The publication titled “The Use of Medicines in the U.S. 2023” notes that obesity was among a handful of…
Yellen speaking on ABC News’s “This Week” said: The US could face a potential constitutional crisis due to debt ceiling negotiations, with major consequences to the financial markets and interest ratesDebt ceiling negotiations should not take place “with a gun to the head of the American people” Reiterated that the government could pay its bills only through early June President Joe Biden will meet with Republican and Democratic leaders this week (on May 9) to discuss debt ceiling negotiations and financial challenges ahead of the June 1 deadline. Source link
LDO Recently Recorded Its Largest Transaction in 2 Years Santiment, the blockchain analytics firm, tweeted yesterday that LDO recorded its largest transaction in 2 years.According to the post, $135 million LDO was recently sent from one self custody wallet to another.At press time, LDO’s price was trading at $1.85 following a 1.45% drop. In a tweet yesterday, the blockchain analytics firm Santiment mentioned that Lido DAO (LDO) recently saw its largest transaction in 2 years. According to the post, $135 million worth of LDO was moved from one self custody address to a new one. Notably, this is the 8th…
blackCAT Despite recessionary fears looming over the market, typically cyclical sectors like airlines, cruise lines, restaurants, and lodging are seeing their strongest demand in years. Along with this demand, hiring in the industries has sharply increased alongside the demand spike, making up for mass layoffs pursued amidst the pandemic. Driving Demand In terms of demand, multiple industries underlying the overall travel and leisure sector have highlighted a return and even rise above pre-pandemic trends. For example, Delta (DAL) CEO Ed Bastian forecast record revenue for the second quarter, with improving profits as well. He noted that total unit revenues were…
WTI OIL PRICE, CHARTS AND ANALYSIS:WTI TECHNICAL OUTLOOK: MIXED Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: April Jobs Report: NFP Rises by 253k as Unemployment Falls and Average Hourly Earnings RiseWTI WEEK IN REVIEW AND WORLD BANK OUTLOOKCrude Oil had a tough week and finished in the red for a third consecutive week, printing a new multi month low in the process. The strong rally to close out the week may have staved off what would’ve been one of the worst weeks for…
© Reuters. May 6, 2023; Louisville, KY, USA; The view from the First Turn Club seats at the Kentucky Derby on Saturday at Churchill Downs in Louisville, Ky. May, 6, 2023. Mandatory Credit: Matt Stone-USA TODAY Sports (Reuters) – Mage won the 149th running of the Kentucky Derby at Churchill Downs (NASDAQ:) in Louisville, Kentucky, on Saturday to capture the first leg of U.S. thoroughbred racing’s Triple Crown. Mage, who finished second in the Florida Derby last month, finished the 1-1/4-mile race in two minutes and 1.57 seconds. The chestnut colt, who went off at 15-1 odds, sped up on…
zorazhuang The U.S. pipeline regulator has unveiled new rules aimed at reducing leaks of methane from the network of 2.7M miles of natural gas pipelines in the U.S. that could eliminate 1M metric tons of methane emissions by 2030, the equivalent of emissions from 5.6M cars. The proposal issued Friday by the Transportation Department’s Pipeline and Hazardous Materials Safety Administration would “significantly improve the detection and repair of leaks from gas pipelines… deploy pipeline workers across the country to keep more product in the pipe, and prevent dangerous accidents.” The agency said the new rule would reduce emissions from covered…