Author: Anthony M. Orbison

BNB price is consolidating above the $620 support zone. The price is consolidating and might aim for a fresh increase above the $675 resistance. BNB price is struggling to settle above the $700 pivot zone. The price is now trading below $680 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $675 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $640 level to start another increase in the near term. BNB Price Holds Support After a downside correction, BNB price found support…

Dec. 23, 2024 1:14 AM ETEWJ, JEQ, FXI, PGJ, EWH, DXJ, CAF, FXY, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, BTC-USD, KURE, AS51, NKY:IND, SHCOMP, HSI, SENSEX, AUD:USD, NZD:USD, USD:KRW, JPY:USD, CNY:USD, INR:USD, HKD:USDBy: Meghavi Singh, SA News Editor Nikada Asia-Pacific markets trade advance on Monday to begin a holiday-shortened trading week, tracking a rally on Wall Street Friday following softer-than-expected US PCE inflation data, while the US government shutdown was effectively averted over the weekend. On the business front, Honda, Nissan, and Mitsubishi have informed Japan’s Source link

Investing.com – Australia stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in Sydney, the gained 1.67%. The best performers of the session on the were Appen Ltd (ASX:), which rose 6.51% or 0.14 points to trade at 2.29 at the close. Meanwhile, Polynovo Ltd (ASX:) added 5.64% or 0.11 points to end at 2.06 and Zip Co Ltd (ASX:) was up 4.59% or 0.13 points to 2.96 in late trade. The worst performers of the session were EML Payments Ltd (ASX:), which fell 22.22% or 0.20 points…

ADA has declined by 8.77% over the past 24 hours. Market fundamentals show strong bearish outlook while an analyst predict a rally after correction. Since hitting $1.3, Cardano [ADA] has struggled to maintain an upward momentum. As such, it has experienced a strong downward pressure which has strengthened over the past week. Over this period, ADA has dropped to hit a low of $0.77. In fact, at the time of writing, Cardano was trading at $0.9013. This marked an 8.77% decline over the past day. Equally, it has declined by 14.45% on weekly charts. The recent decline has left Cardano community…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Deloitte wants to slash spending on staff travel and expenses in the UK by more than 50 per cent, as it seeks to maintain partner profits during a slowdown in the professional services sector. An email sent to partners and directors at the Big Four consultancy seen by the Financial Times said the business was introducing “firmwide cost management measures” because of “challenging market conditions” in the UK. The email, sent in October, said the firm was targeting a reduction of more…

On Dec. 24, 1948, the U.S. Air Force issued a startling communique.The armed forces branch charged with defending the nation’s skies claimed that early-warning radar to the north had detected “one unidentified sleigh, powered by eight reindeer, at 14,000 feet (4,300 meters), heading 180 degrees.”This was the origin of the holiday-themed program. The North American Aerospace Defense Command, Norad, simulates tracking Santa Claus as he takes off from the North Pole on his global mission to deliver presents to children on Christmas Eve.Related: Cathie Wood sells $21.5 million of soaring tech stocksThe program became an annual event in 1955 and…

Toncoin (TON) has climbed 140% in price over the past year, hitting new highs beyond the $8 mark. However, there is potential for a 30% falloff, according to some analysts. The asset has struggled in the past week, falling almost 15%. One TON forecaster says that a fall beyond the token’s current $5 support level could spark a further slump of up to 30%.Toncoin is already down 34% from its ATH of $8.24 reached last August. Another 30+% fall could trigger even more concern with the asset just over its current support level. There is optimism that this is just…

The stock market has been on an incredible run since the S&P 500 (SNPINDEX: ^GSPC) hit the bottom of the prior bear market in Oct. 2022. Since then, the index has increased about 70% as of this writing. Many stocks have seen even greater returns in that 26-month period. Most people think those returns are just the start of a strong bull market. In fact, 56.4% of consumers expect stock prices to increase over the next year, according to the most recent U.S. Consumer Confidence report from The Conference Board. While that might not sound like an overwhelming share of…

By Scott Murdoch and Rishav Chatterjee SYDNEY (Reuters) -News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion ($2 billion) including debt, cutting the Murdoch-controlled media empire’s exposure to a business up-ended by streaming platforms. News Corp (NASDAQ:) will gain a board seat and hold a 6% stake in DAZN, a London-headquartered global streaming platform available in North America, Europe, and Asia and backed by Ukranian-born billionaire Len Blavatnik. DAZN is a broadcasting partner for Italy’s Serie A, Spain’s LaLiga, Germany’s Bundesliga and France’s Ligue 1. It competes against traditional…

The creators of the crypto analytics firm Glassnode are warning that altcoins could lose all bullish momentum following last week’s market correction. Jan Happel and Yann Allemann, who go by the handle Negentropic on the social media platform X, tell their 63,400 followers that “altcoin season,” which they say began in late November, could come to an abrupt end after alts witnessed deep pullbacks over the last seven days. According to the Glassnode co-founders, traders and investors will likely have a risk-off approach on altcoins unless Bitcoin recovers a key psychological price point. “Is This the End of Altcoin Season?…