Author: FX
Cardano Climbs 10% As Investors Gain Confidence Investing.com – was trading at $0.3582 by 20:51 (01:51 GMT) on the Investing.com Index on Saturday, up 10.17% on the day. It was the largest one-day percentage gain since November 10, 2022. The move upwards pushed Cardano’s market cap up to $12.2572B, or 1.25% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B. Cardano had traded in a range of $0.3453 to $0.3615 in the previous twenty-four hours. Over the past seven days, Cardano has seen a rise in value, as it gained 27.66%. The volume of Cardano…
da-kuk Solar technology provider Nextracker (NXT), a spinout of diversified manufacturer Flex Ltd. (NASDAQ:FLEX), has filed for a $100M initial public offering. Nextracker didn’t specify in its filing the number or price of the shares to be offered, but indicated in its filing fee schedule that it was looking to raise $100M, a figure that is likely a placeholder and subject to change. The solar energy technology provider said that Flex will likely hold a controlling interest in its common stock after the transaction. TPG (TPG) is also a major investor. The company hopes to list its shares on Nasdaq…
RV rental platform Rvelocity (RVGO) has filed to raise around $10M through an initial public offering. Rvelocity didn’t indicate in its filing the number or price of the shares to be offered, but indicated in a filing fee schedule that it was looking to offer up to $10M of its stock, with existing shareholders offering up to $5M in additional shares. The company hopes to list its shares on Nasdaq under the symbol RVGO. Boustead Securities is serving as lead bookrunner. Based in Arizona, Rvelocity bills itself as the Airbnb of RV rentals. Renters, or “guests,” are able to rent…
S&P 500, Dollar, Monetary Policy, Recession, EURUSD and USDJPY Talking Points:The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDCNH Bearish Below 7.0000; USDJPY Bullish Above 127.00The S&P 500 posted its biggest weekly advance in 2 months to the threshold of breaking its bear trend while the Dollar posted an equivalent historical loss to land at its 2021-2022 midpointThere is real technical pressure behind the markets, but do we have the fundamental backdrop necessary to forge the conviction necessary to turn trends? Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast We are forming a nasty 2023 habit…
wutwhanfoto Video game and NFT marketer Ultimax Digital (NFTX) has updated terms for a proposed $18M initial public offering, of which half the shares would be offered by certain stockholders. Ultimax said in a filing that it is now looking to offer 1.9M shares priced between $4 and $5, which would raised the company around $9M if priced at the midpoint. Selling shareholders would likewise offer 1.9M shares at the same price. Underwriters would be granted a 45-day option to buy up to 281K additional shares at the IPO price. WestPark Capital is serving as lead bookrunner. The tech company…
© Reuters. (Reuters) -A safety monitoring system flagged that U.S. drugmaker Pfizer Inc (NYSE:) and German partner BioNTech’s updated COVID-19 shot could be linked to a type of brain stroke in older adults, according to preliminary data analyzed by U.S. health authorities. The U.S. Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) said on Friday that a CDC vaccine database had uncovered a possible safety issue in which people 65 and older were more likely to have an ischemic stroke 21 days after receiving the Pfizer/BioNTech bivalent shot, compared with days 22-44. An ischemic…
USD/CAD finished Friday’s session with gains, though it faltered to clear 1.3400. USD/CAD Price Analysis: Exposed to selling pressure below 1.3400. The USD/CAD prolonged its weekly losses and tumbled for the fourth consecutive week, losing 0.36%, but on the day, the USD/CAD is up 0.22%. After the University of Michigan (UoM) Consumer Sentiment release showed that sentiment improved, it weighed on the US Dollar (USD). Therefore, the USD/CAD is trading at 1.3393, below its opening price by 0.37%. USD/CAD Price Analysis: Technical outlook Once the USD/CAD dropped below the 100-day Exponential Moving Average (EMA) at 1.3425, it was the seller’s…
NZD/USD finished the week with solid gains of 0.6700%, spurred by softer US CPI data. Consumer inflation expectations in the US edged lower and weighed on the US Dollar. NZD/USD Technical Analysis: Failure at 0.6400, cheered by sellers, eyeing a fall to 0.6300. The NZD/USD retraced after testing the current week’s high of 0.6417, dropped beneath the 0.6400 mark, as the pair consolidated in the 0.6300-0.6420 range during the last week’s. Positive US consumer sentiment readings proved to be harmful to the American Dollar (USD), which will end the week on a lower note. At the time of writing, the…
The ghost of 2022 is behind us in the stock market as the major indices closed higher for the 2nd consecutive week to start the new year. The gains have been led by the Nasdaq which rose by an oversized 4.82% this week (largest 1 week gain since November 7 week), after rising by near 1% last week. The Nasdaq closed above its 100 day MA at 11057.78 with a close for the day and week at 11079.17. That is the first close above that MA going back to September 12, 2022.The S&P index closed the week up 2.67% and…
The New York Stock Exchange is closed on Monday for the MLK holiday. The CME and CBOT are also closed and SIFMA recommends a holiday in the bond market.CME Globex trading will continue as normal — so futures are open — but will close early at 1 pm ET (1800 GMT) and then reopen at 6 pm ET (2300 GMT).The FX market is open as always but liquidity will be thinned, particularly after Europe heads out.ADVERTISEMENT – CONTINUE READING BELOW Source link