Day: May 12, 2022

May 12
Forex Technical Analysis & Forecast 12.05.2022

EURUSD, “Euro vs US Dollar” After breaking 1.0529, EURUSD is still falling towards 1.0483. Later, the market may grow to return to 1.0530 and then form a new descending structure with the target at 1.0462. GBPUSD, “Great Britain Pound vs US Dollar” Having broken 1.2305, GBPUSD continues falling towards 1.2200. After that, the instrument may […]

May 12
Market Spotlight: Bitcoin Collapses As “Crypto Winter” Deepens

Bitcoin Falls HardIt’s been a cruel year for crypto traders. The leading crypto coin, Bitcoin, is now down over 60% on the year, having plunged by more than 40% since late March. A ferocious rally in the US Dollar, and a broader rout in risk assets and tech stocks in particular, is weighing heavily on […]

May 12
US Inflation Becomes more Persistent and the Fed may be Forced to act Quickly

The release of April US inflation report became the trigger of a new wave of sell-off in risk assets as the magnitude of slowdown and dynamics of the components did not live up to expectations. Headline inflation was 0.6% against the forecast of 0.4%, core inflation was 0.3% against the forecast of 0.2%. The main […]

May 12
EURUSD Wave Analysis – 12 May, 2022

• EURUSD broke support area• Likely to fall to support level 1.030 EURUSD currency pair recently broke through the support area located between the key support level 1.0500 (which has been repeatedly reversing the pair from April) and the lower trendline of the daily down channel from February. The breakout of this support area accelerated […]

May 12
Brilliant Earth stock falls 20% after lower outlook

Brilliant Earth Group Inc. BRLT, +4.49% stock fell more than 20% in the extended session Thursday after the jewelry retailer reported revenue above Wall Street expectations but tweaked its outlook, saying it was feeling the pinch from the macroeconomic environment. Brilliant Earth said earned $3.4 million, or 3 cents a share, in the first quarter, […]

May 12
Bitcoin falls below $27K to December 2020 lows as Tether’s peg slips under $0.99

Bitcoin (BTC) fell out of its long-term trading range on May 12 as ongoing sell pressure reduced markets to 2020 levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tether wobbles as UST stays under $0.60 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it exited the range in which it had traded since the […]

May 12
Payoneer stock surges after company beats on earnings, raises forecast

Shares of Payoneer Global Inc. PAYO, +4.35% were up 15% in after-hours trading Thursday after the financial technology company, which helps enable payments across borders, topped expectations with its latest results and upped its full-year forecast. The company logged net income of $20.2 million, or 6 cents a share, whereas it posted a net loss […]

May 12
Canadian securities regulators announce boards of new SRO and IPF and seek comment on draft documents

Vancouver and Toronto – The Canadian Securities Administrators (CSA) today announced the proposed board members of the new self-regulatory organization (SRO) and investor protection fund (IPF), and the publication for comment of several documents necessary to launch the new SRO and IPF.  “Today’s announcement of the new boards and publication of draft documents marks a major […]

May 12
Multilateral CSA Notice of Publication Amendments to National Instrument 94-102 Derivatives: Customer Clearing and Protection of Customer Collateral and Positions

Regulated Industries FCNB is responsible for the regulation and enforcement of securities, insurance, pensions, credit unions, trust and loan companies, co-operatives, mortgage brokers, pay day lenders, real estate and a wider range of other consumer legislation. We regulate 36,000 industry participants who make their living working with New Brunswickers’ money. These industry participants handle more […]

May 12
Breaking: Terra blockchain officially halted following LUNA price collapse

Validators decided to halt chain operations on Thursday in anticipation of governance attacks as the LUNA token plunged over 99%. 13677 Total views 43 Total shares Validators for the Terra blockchain have decided to officially halt network activity on Thursday in a move designed to prevent governance attacks following the severe devaluation of the network’s […]