Natural Gas Futures: Recovery could be losing momentum
data. Monday marked the second consecutive session of decreased open interest in natural gas futures markets, with preliminary data showing a nearly 22K contract drop. This downward trend is a concerning one, as it reflects a lack of investor confidence in the natural gas market. The natural gas market has been in a prolonged period […]
Twitter Analyst Shares Top 7 Upcoming Token Unlocks for March
The Twitter analyst account Technical Crypto Analyst (@TechCryptoAnlst) recently tweeted about the upcoming token unlocks in March 2023. The tweet included a graphic that showed the amount of tokens that will be unlocked, the respective date for each token unlock, as well as the approximate dollar amount of each token unlock. Hedera (HBAR) will have […]
Fed rate hike call for March lifted to 50 basis points by NatWest
NatWest Markets has recently revised their forecast for the March meeting of the Federal Open Market Committee (FOMC), expecting a 50 basis point hike instead of the previously predicted 25 basis point rise. This change of prediction comes after the release of the Personal Consumption Expenditures (PCE) report, which provides an insight into the current […]
FX option expiries for Feb 28 NY cut
Foreign exchange (FX) option expiries for February 28th New York cut at 10:00 a.m. Eastern Time, via the Depository Trust & Clearing Corporation (DTCC), can be found below. For the Euro/US Dollar (EUR/USD) currency pair, the expiries are for EUR amounts. The amounts are 1.0500 for 1.3 billion, 1.0530 for 656 million, and 1.0625 for […]
ETH Aims Fresh Increase Above $1,700
Ethereum price is currently in a consolidation phase above the $1,580 mark against the US Dollar. The bears have tried to push the price below the $1,600 support zone, but the bulls managed to defend the $1,580 level. There is a key bearish trend line forming with resistance near $1,660 on the 4-hours chart (data […]
U.S. stock indexes remain higher in final hour of trading
The three major U.S. stock indexes recovered some ground on Monday after suffering their worst week of 2023. The Nasdaq Composite rose 0.7%, the Dow industrials climbed 0.3%, and the S&P 500 advanced 0.4%. The rebound came as investors questioned the latest U.S. data that showed stubbornly high inflation. The U.S. economy has been on […]
USD/CAD ignores Oil price recovery as bulls approach 1.3600 ahead of Canada GDP
The USD/CAD currency pair has been steadily climbing in the market, reversing the week-start pullback from the monthly top. This can be attributed to the cautious optimism that has been underpinning the WTI crude oil rebound, despite the sluggish session. This optimism is due to the easing of US-China tensions, as well as the hopes […]
Acadia Healthcare shares fall on mixed-bag results, forecasts
Acadia Healthcare Co. Inc., a health-clinic operator, reported fourth-quarter net income of $63.1 million, or 67 cents a share, compared with $71.5 million, or 77 cents a share, in the same quarter in 2021. Revenue came in at $675.3 million, compared with $593.5 million in the prior-year quarter. Excluding income from a provider relief fund, […]
Bitcoin Stays Rooted Near $23.5K
Good morning. Here’s what’s happening: Bitcoin continues to remain rooted near the $23.5 threshold, while Ether and many other major cryptos trade flat. China-based developers can interact with layer 1 blockchain Coinflux, but the protocol’s relationship with the country remains complicated. Bitcoin (BTC) was recently trading at $23,481, roughly flat over the past 24 hours, […]
Sits quietly on bull’s radar around 1.0600
The EUR/USD pair has been trading in a volatile manner in recent weeks, with the Euro bulls taking a break around the 1.0600 level on Tuesday after posting the biggest daily gain in nearly a month the previous day. This marks the first monthly loss for the pair in five months. The EUR/USD pair’s sustained […]