Lucid Stock Dropped After SEC Subpoena
The stock started the week with losses, following the news that it had received a subpoena by the US Securities and Exchange Commission (SEC)
The stock started the week with losses, following the news that it had received a subpoena by the US Securities and Exchange Commission (SEC)
The Reserve Bank of Australia kept rates and asset purchases unchanged, with the pair reacting higher, amidst improved market sentiment
The Index started the day on the front foot, as broader market sentiment seem to be in a good place, but poor factory orders from Germany weigh
USA and Canada, both released their employment figures on Friday and despite stark contrast between the two reports and the ensuing volatility, the pair’s outlook is little changed
The pair trades on the back foot after last week’s two-way action, in the aftermath of Fed’s hawkish commentary and poor US NFPs
This has been volatile week, which ended with solid NFPs from the US, while Omicron developments, renewed hawkish commentary from the Fed, OPEC+ and corporate activity were in the spotlight
This week we saw M&A news, with Australian firms in the spotlight, while Didi’s delisting announcement, Nvidia and Facebook regulatory scrutiny, were some of the themes that also stood out.
The US Federal Trade Commission (FTC) sued on Thursday, to block Nvidia Corp.’s $40 billion acquisition of U.K. chip designer Arm Ltd
Daily Chart Further to our previous article, XAUUSD's daily chart has turned bearish. The mid orange moving average has crossed below the longer red moving average (aqua ellipse). This puts the moving averages into a bearish formation. The stochastic is also in the lower quintile, suggesting an underlying bearish momentum. The longer the stochastic maintains this position, the greater the probability for lower prices ahead. If the longer red moving…
OPEC and allies decided not to diverge from their production plan and agreed yesterday to add 400K barrels/day on January, as they have been doing since August
The pair stays on the back foot as investors continue to monitor Omicron developments and await key US Jobs report later in the day
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