Alibaba (NYSE:BABA) shares rose almost 4%, Tuesday, following a report that the Chinese e-commerce giant is preparing to make a move that involves gaming in the metaverse.
According to the South China Morning Post, Alibaba (BABA) has registered a new company in Beijing that will test the metaverse potential for gaming software and services. The SCMP said the company, called Yuanjing Shengsheng, is wholly owned by Alibaba's (BABA) investment arm, and is being established two months after Alibaba (BABA) set up a cloud-gaming company with a similar name.Read More

JPMorgan analysts downgraded Adobe, Datadog, Cloudflare, Zscaler and other software stocks in an outlook report for 2022.
"With rates climbing, this adds risk to higher multiple software stocks trading over 20 times revenue," the analysts wrote.
Adobe fell almost 7%, Cloudflare tumbled 9% and Zscaler was off almost 8%.

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Tesla Chief Executive Officer Elon Musk unloaded another batch of shares on Monday, in a rough start to the week for the electric car maker.

Musk exercised options to buy 2.1 million shares TSLA, -0.82% at $6.24 each, then sold 934,091 at prices between $952 to $1,002, for a total of about $906.5 million, according to filings with the Securities and Exchange Commission.

The latest batch brings his total sales to around $11.76 billion since Nov. 8, a day after his Twitter poll voted for him to sell...

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What happened
Microsoft (NASDAQ:MSFT) shares closed 3.3% lower on Tuesday after the U.S. Department of Labor reported that producer price inflation hit a historic high in November, up 9.6% from a year ago. This news came on top of a reported 6.8% jump in consumer prices that came out yesterday -- the fastest rate of price growth in 40 years.

So what
Reporting on Microsoft's price decline, Bloomberg drew a direct line from the inflation data to the weakness in Microsoft's stock price. But why exactly...

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Forex news for Asia trading on Tuesday 14 December 2021

It was a mixed session for major FX rates here during the Asia session. The USD has added gains most noticeably against the AUD, EUR, GBP and CAD. USD/JPY is more or less net unchanged on the session while USD/CHF has inched a little higher.

News and data flow was light. We did get the monthly National Australia Bank business survey that, on balance, was positive. Conditions improved while confidence did ebb, but after a big surge higher the previous month. Selling of AUD against NZD provided some support for NZD/USD, but its net a touch lower on the session regardless.Read More

The banking giants will use a blockchain product to settle U.S. dollar, Canadian dollar, pound and euro transactions.

Wells Fargo and HSBC Bank said on Monday they will use a blockchain-based product for settling matched foreign exchange transactions.

The two banking giants agreed to use a shared settlement ledger to process U.S. dollar, Canadian dollar, British pound and euro transactions, with plans to expand the process to other currencies in the future.
The banks' blockchain-based settlement system...

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Forex news for North American trading on Dec 14, 2021

The US PPI data was expected to be high but not this high.

Producer price came in at 9.6% versus 9.2% year on year high. That was a record and on back of the CPI which rose to a near 4 decade high, suggests the pipeline of inflation will be around for a while.

The data comes ahead of the FOMC decision tomorrow which is largely expected to lead to a doubling of the taper to $30B per month (buying is currently at $105B so in 3+ months the taper can be complete and the debt market will stand on it's own two feet - assuming all goes well)).Read More

What you need to know on Wednesday, December 15:

The greenback is up against most of its major rivals, rising during US trading hours on the back of higher yields and weaker stocks. The US published November PPI, which jumped to a record of 9.6% YoY, much higher than the previous 8.6%, while the core reading jumped from 6.8% to 7.7%. The news spurred risk aversion ahead of the US Federal Reserve monetary policy decision on Wednesday.

Some positive news from the pandemic front helped high-yielding currencies to advance during the European session. Pfizer-BioNTench reported that two shots of its vaccine provide 70% protection against Omicron hospitalization and 33% protection against infection. So far, only the UK reported one death related to the newly discovered variant. Pfizer also reported that its experimental COVID-19 pill, Paxlovid, appears to be effective against Omicron and the previous variants.Read More

If you've read my analyzes, you know that I have "a problem" with an asset staying at support or resistance as an invitation to buy or sell and make money, as if it were so simple.
Is exactly Eth's case right now, with the price coming back to 4k for all of us to buy and make money, and if you remember, a week ago Btc stayed at 55k and...
I can be wrong this time, of course, but in 90% of the cases, these support/resistance fall eventually.Read More

I'm bullish on gold next week. There is a lot that is baked into the cake already. People know what the Fed is going to do. We've heat peak inflation . And those inflation expectations will start to come down, and Fed will be tightening into a slowing economy. You'll see bond yields dip lower, and the dollar index will soften. Gold is a better place to be at the moment.

If gold was going to drop below support it would have already happen. From these levels I expect an increase in price. It will not be huge jump is will follow in reverse order of the Dollar decline. You can not argue with the chart support that has held. So gold will move higher and use these levels as a base.Read More