Stays afloat above 0.9330, underpinned by a strong USD
The USD/CHF pair has been on an uptrend lately, with the 20-day EMA about to cross over the 50-DMA. This could shift the bias of the pair from neutral to upwards. The USD/CHF is currently trading at 0.9342, after breaking the previous weekly high and reaching a new one at 0.9348 on Thursday. The long-term […]
Gold futures settle at their lowest in 2 months
Gold futures declined for the fourth consecutive session on Thursday, settling at their lowest level in almost two months. The precious metal has been “weakening” as more traders agree that the Federal Reserve will raise interest rates by a quarter-point. According to Edward Moya, senior market analyst at OANDA, gold prices will not be able […]
NFT Industry Faces Uncertainty as Federal Judge May Categorize NBA Top Shot Tokens as Securities – Regulation Incoming?
The NBA Top Shot NFT collection has become one of the most popular trading card-themed NFT collections today, with each unique NFT depicting iconic moments from basketball history. The digital trading cards hit the market in late 2021 and quickly became a sensation. However, the future of the industry may be in question after a […]
Norfolk Southern has lost $6.7 billion in market cap since the Ohio train derailment, as its stock has lost more than those of its rivals
Shares of Norfolk Southern Corp. (NSC) bounced 0.4% in morning trading Thursday, after closing the previous session at a four-month low as the railroad operator continued to face backlash from the Ohio train derailment three weeks ago. On Thursday, U.S. Transportation Secretary Pete Buttigieg visited East Palestine, as the Biden Administration has also faced growing […]
United States Kansas Fed Manufacturing Activity registered at -9, below expectations (-8) in February
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Domino’s Pizza shares drop after revenue shortfall
Domino’s Pizza (DPZ), a pizza maker, has seen its stock dip by 8% in premarket trades, following the announcement of its fourth-quarter revenue figures. The figures fell short of the expectations of Wall Street analysts, as the company faced a decline in its delivery business. The company reported a profit of $158.3 million, or $4.43 […]
Nansen Lists Key Indicators Ahead of Ethereum’s Shanghai Upgrade
Nansen, the on-chain analytics platform, has recently released an update on what investors should look for ahead of the Ethereum Shanghai upgrade. Scheduled for February 28, 2023, the Shanghai upgrade is an upgrade on the Ethereum network that will allow network validators to withdraw staked ETH. This is a new feature not enabled during the […]
Next on the downside emerges the 2023 low
The EUR/USD currency pair is currently trading near its 7-week low of 1.0580, as the pair attempts to rebound from this level. This is the lowest level the pair has seen since early January, and if the bearish pressure continues, the pair could extend its decline to the yearly low of 1.0480. However, the pair […]
EBay stock falls as sales and profit decline, though revenue and outlook beat estimates
EBay Inc. on Wednesday reported fourth-quarter results that met or beat analysts’ expectations despite being down year over year, as well as a first-quarter outlook that beat estimates. The company’s stock took an initial increase immediately after the markets closed, but then fell more than 5% in extended trading. “Our Q4 results demonstrate the continued […]
FOMC minutes can keep the Dollar supported – ING
The release of the February Federal Open Market Committee (FOMC) minutes gave little comfort to Dollar bears, according to economists at ING. The consensus of the FOMC agreed that further rate increases were necessary and that inflation remained unacceptably high. There were no hints of a pause, and the market pricing of three more 25 […]