Thu, Jan 21, 2021 8:20 AM
Jack Ma’s video chat offers a $58 billion sigh of relief
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Interest rate difference between Japan and the U.S. helped the dollar recover some ground against the yen on Thursday, but it remained in tight range against most of its peers as traders watched important U.S. inflation data for clues on Federal Reserve policy. The dollar made a gradual recovery against the Japanese yen after plunging more than 3% last week—its largest weekly percentage decline.
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Nifty ended Thursday expiry weaker by 345 points as the index broke below both the lower boundary of its upward channel and the support of the 50-day exponential moving average (DEMA) around the 22,150 level. The daily chart saw the formation of a long negative candle.Nifty has been in a larger range movement of around 22,800-21,750 levels in the last couple of months.
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KBW raised its price target to $21.50 from $20; JMP raised its target to $30 from $28.A surge in crypto trading contributed to the 40% year-on-year increase in revenue.Positive momentum continued into April with a record $5 billion in deposits, the analysts said.Trading platform Robinhood (HOOD) reported strong first-quarter earnings yesterday as a surge in crypto trading fueled a 40% year-on-year
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