Day: May 19, 2022

May 19
RumbleON stock drops on back of Harley-Davidson’s production suspension, but analyst says it’s OK to buy

Shares of RumbleON Inc. RMBL, -4.11% dropped 6.3% toward a 22-month low, in the wake of Harley-Davidson Inc.’s HOG, -9.29% announcement that it was suspending all assembly and shipments for two weeks due to a regulatory compliance matter. Harley-Davidson’s stock sank 8.9%. RumbleON, which is a motor vehicle dealer and ecommerce platform, said in its […]

May 19
Caution: BlueHike ProFx

The Financial and Consumer Services Commission (FCNB) has become aware that BlueHike ProFx, which claims to provide online cryptocurrency, forex and other trading services, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. BlueHike ProFx appears to be operating from England and Wales.  New Brunswickers […]

May 19
CFTC Charges Oregon and Illinois Residents and Florida Company in $44 Million Misappropriation in Ongoing Digital Asset and Commodity Futures Fraud

Washington, D.C. — The Commodity Futures Trading Commission announced today that it has filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois, charging Sam Ikkurty a/k/a Sreenivas I Rao (Ikkurty) of Portland, Oregon, Ravishankar Avadhanam of Aurora, Illinois, and Jafia LLC, a company Ikkurty owns in Florida, with […]

May 19
South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion

According to South Korean corporate tax laws, foreign-registered companies are treated as domestic if the decision-making process and operations are carried out from the country. 5029 Total views 2296 Total shares Terraform Labs and co-founder Do Kwon continue to attract more legal trouble in the wake of the collapse of the Terra ecosystem. After early […]

May 19
Stocks end lower as S&P 500 slides toward bear-market territory

Stocks ended lower Thursday, building on the previous session’s rout as the S&P 500 fell closer to bear-market territory. The Dow Jones Industrial Average DJIA, -0.75% fell around 237 points, or 0.8%, to close near 31,253, according to preliminary figures, while the S&P 500 SPX, -0.58% dropped around 23 points, or 0.6%, to finish near […]

May 19
Forex Technical Analysis & Forecast 19.05.2022

EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0460, EURUSD is expected to correct up to 1.0515. Later, the market may fall to break 1.0440 and then continue trading downwards with the target at 1.0373 or even extend this structure down to 1.0300. GBPUSD, “Great Britain Pound vs US Dollar” Having completed […]

May 19
Market Spotlight: S&P 500 About to Break Lower?

S&P On The Cliff EdgePrice action in the ES (Emini S&P futures) is looking very interesting to the short side here. Yesterday’s large outside candle holds the potential to drive a fresh phase of weakness in the index. Following the initial downside break of the bear channel, the subsequent correction ran into heavy selling and […]

May 19
Oat Futures ( ZO1! ), H1 Potential For Bullish Bounce

Type: Bullish BounceKey Levels:Resistance: 648’1Pivot: 633’1Support: 626’0Preferred Case:With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 648’1 in line with the horizontal pullback resistance and 61.8% Fibonacci projection from our pivot of 633’1 in line with the 38.2% Fibonacci retracement and horizontal […]

May 19
AUDCHF Wave Analysis – 19 May, 2022

• AUDCHF reversed from support area• Likely to rise to resistance level 0.6900 AUDCHF today reversed up from the support area lying at the intersection of the support level 0.6835 (former resistance from March, acting as support now) and the lower daily Bollinger Band. This support area was further strengthened by the 38.2% Fibonacci correction […]

May 19
GBPCHF Wave Analysis – 19 May, 2022

• GBPCHF reversed from key support level 1.2100• Likely to rise to resistance level 1.2200 GBPCHF today reversed up with the daily Long-Legged Doji from the key support level 1.2100 (which has been steadily reversing the pair from the start of March). The support zone near the support level 1.2100 was strengthened by the lower […]