Forex Today: Stocks Tumble to Correction on Fed

over the coming days. For Bitcoin, the level is $36,656 and for Ethereum, the level is $2,544.In the Forex market, the Japanese yen is the strongest major currency, while the New Zealand dollar is the weakest.

Data suggests that the globally rampant omicron coronavirus variant, while considerably more infectious, has notably milder effects than previous coronavirus strains, with an estimated 70% reduction in the probability of hospitalization. This is potentially very good news for both health and economy. Pfizer have announced they plan to have an omicron-specific vaccine ready in March.

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JPMorgan's Kolanovic says selling is 'overdone' as stocks tumbleAmid a sea of red on Monday, JPMorgan's Marko Kolanovic said the selling looks extreme and the market 'could be in the final stages of this correction.' They are selling you their stocks
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street's 'fear gauge' is on track for its sharpest rise to start a year ever as stocks tumble on inflation, Fed worriesThe Cboe Volatility Index, or VIX, also known as Wall Street's fear gauge—is on track for its sharpest gain to start a year on record and its biggest monthly... Youre late. Headline should now read investors buy the dip after the multi-day sell off on inflation, Fed worries.
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Stocks Are Facing Both Earnings Headwinds and a Compression in the P/E RatioTwo factors that determine the direction of stock prices.
Source: nbcchicago - 🏆 545. / 51 Read more »

House lawmakers demand Pelosi, McCarthy 'swiftly' hold vote on bills to ban Congress from trading stocksA group of more than two dozen lawmakers are urging House Speaker Nancy Pelosi and House GOP Leader Kevin McCarthy to “swiftly” hold a vote on legislation that would ban members of Congress from owning or trading stocks, Fox News has learned. This should be interesting, I'm sure Pelosi will stall, as she has made millions at insider trading, and doesn't want to shut off her money faucet? Why don’t you put the ticker on your screen for NASDAQ like you do the Dow?
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Stocks recover as investors jump in after big sell-offStocks recovered from big early losses Monday as investors jumped in before the closing bell So, at the end of the day you were shittalking Biden this morning for something that corrected it self literally at the end of the day? Got it. Trump 2024!
Source: ABC - 🏆 471. / 51 Read more »