Day: May 13, 2022
Gold futures finished at a 14-week low on Friday, extending their slide into a fourth straight week, as safe-haven demand for the dollar kept pressure on the yellow metal. Gold for June delivery GCM22, -0.96% lost $16.40, or 0.9%, to settle at $1808.20, the lowest closing value for the most-active contract since Feb. 4, 2022, […]
Speech by Sheldon Mills, Executive Director, Consumers and Competition, delivered at the British Insurance Brokers’ Association (BIBA) Conference. Speaker: Sheldon Mills, Executive Director, Consumers and CompetitionEvent: The British Insurance Brokers’ Association (BIBA) Conference 2022Delivered: 11 May 2022Note: this is the speech as drafted and may differ from the delivered version Highlights Brokers play a vital role in helping consumers and businesses access […]
The Financial Conduct Authority (FCA) has refused to authorise Alexander Jon Compliance Consulting Limited (AJCC) to provide regulatory hosting services. This is a service which would have allowed AJCC to take responsibility for firms carrying out regulated activities without being directly FCA approved, known as Appointed Representatives (ARs). AJCC could not demonstrate that it had […]
Terra (LUNA), the in-house token of Blockchain protocol Terra, is undergoing major changes which are causing intrigue and despair in equal measure. Data released on May 13 confirms that overnight, the embattled cryptocurrency’s supply expanded to an eye-watering 6.9 trillion LUNA. 6,900,000,000,000 LUNA, almost zero value After a tumultuous week in which Terra attempted to […]
Poshmark Inc. [posh shares soared 24.6% in Friday trading after the seller of new and secondhand items reported better-than-expected first-quarter results. Net loss totaled $14.0 million, or 18 cents per share, after a loss of $74.1 million, or $1.18 per share last year. Revenue of $90.9 million was up from $80.7 million last year. The […]
Venus Protocol and Blizz Finance announced that their protocols were exploited due to the difference in LUNA market price and price feed as Chainlink paused the LUNA oracle. 6103 Total views 21 Total shares The seemingly endless freefall of Terra (LUNA) affected two decentralized finance (DeFi) protocols due to a price discrepancy, as the Chainlink price […]
William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch
It seems like the worst expectations for the BTC are coming true. Yesterday, the major crypto asset dropped to $25,401. Right now, it is trading around $30,629. The technical picture remains the same: the asset may plummet to $20,000 unless it is able to fix between $29,000 and $30,000. The next bearish target is at […]
EURUSD keeps hitting one new bottom after another. The major currency pair remains weak. The current quote for the instrument is 1.0378. So, yesterday EURUSD hit another bottom, this time at 1.0352. The asset is getting closer to parity and this might be the factor that boosts its decline. Market players are still trying […]
Mizuho Warns Over Russia-Ukraine ImpactShares in Japan’s third-largest lender, Mizuho, are sitting on major support today following the release of Q1 earnings yesterday. The group noted a 56% drop in net-profits which fell back to 51.4 billion yen. The group cited major downside risks from Russia-Ukraine violence as the main driver behind the dip in […]
