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Currencies Trading Ideas & Charts

USD/JPY Price Analysis: Bounces off a dip below 50-DMA as Treasury yields recover

From a short-term technical standpoint, the spot has recovered ground above the 50-day moving average (DMA) at 109.80.

This is in accordance with the 14-day Relative Strength Index (RSI) rising to 48.43, moving closer to the centre line.

However, with the momentum indicator still below 50, a test of the 21-day moving average upside hurdle at 110.113 is unlikely.

The increasing 100-day moving average (100-DMA) appears to be the line in the sand for USD/JPY buyers.

(Source: FX Street)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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Currencies Trading Ideas & Charts

AUD/USD Price Analysis: Struggles for resistance on the road to recovery

The Relative Strength Index (RSI) has flattened out, hovering just below overbought zone, supporting the recent market correction.

If the purchasing interest resumes, the bulls will break above the resistance noted above, opening the way to the July 7 high of 0.7536.

Price Analysis

Failure to reclaim the 0.7490 supply zone, on the other hand, could reawaken the selling, resulting in a new downswing towards the 0.7450.

The upward-sloping at 0.7441 could come into play further south.

(Source: fxstreet)

General Advice WarningAny advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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Daily Report Financial Markets

Japan Market Outlook – 09 July 2021

JAPÓN BOLSA:KMA06. TOKIO (JAPÓN), 03/01/2018.- Un grupo de mujeres usan kimono durante la ceremonia de apertura de la Bolsa de Tokio de Japan Exchange Group, Inc. de la primera sesión comercial de Año Nuevo en 2018 en la Bolsa de Tokio, en Tokio, (Japón) hoy, jueves 4 de enero de 2018. EFE/KIMIMASA MAYAMA
Japan-Market-Outlook-09-July-2021Download

Categories
ipo IPO Watch

Sentage Holdings Approved For Listing, Prices IPO of 4 Million Shares

The Nasdaq Capital Market has authorised the ordinary shares for listing, and they will begin trading on July 9, 2021 under the ticker code “SNTG.”

Before deducting underwriting discounts and other relevant expenses, the firm intends to receive gross proceeds of US$20.0 million from the Offering.

The business has also given the underwriters a 45-day option to buy up to 600,000 additional ordinary shares at the public offering price, minus underwriting discounts. The Offering is scheduled to close on or around July 13, 2021, if all customary closing conditions are met.

Sentage intends to utilise the money from the offering to acquire businesses and activities that are comparable to its own, as well as general business operations and a loan recommendation fund.

Company Profile

Sentage Holdings Inc. operates as a holding company. The Company, through its subsidiaries, provides financial solutions across consumer loan repayment and collection management, loan recommendation, and prepaid payment network services. Sentage Holdings serves customers in China.

(Source: Rtt News)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.