Day: June 16, 2022
The Financial Conduct Authority (FCA) is today writing to more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living. With household bills expected to continue to rise into the autumn, it is important that firms act now to make […]
GBPUSD, “Great Britain Pound vs US Dollar” The pair is correcting upon bouncing off the support area. The pair is moving under the Ichimoku Cloud suggesting a downtrend. A test of the Kijun-Sen line is expected at 1.2205, followed by falling to 1.1845. An additional signal confirming the decline will be a bounce off the […]
On Thursday, the major is very cautious. The quote is 1.0443. News is plenty today, and all about global regulators. For example, the Federal Reserve system increased the interest rate by 75 base points to 1.50-1.75%. This is the most devisive action taken by the Fed since 1994. The expectations were more or less like […]
Type: Bearish BreakoutKey Levels:Resistance:1755.57Pivot:1711.19Support: 1646.92Preferred Case:On the H4, with price moving below the ichimoku cloud and price recently breaking the ascending trend channel, we have a bearish bias that price will drop from the pivot at 1711.19 in line with the 38.2% fibonacci retracement and overlap resistance to the 1st support at 1646.92 in line […]
Type: Bullish BounceKey Levels:Resistance: 136.676Pivot: 133.571Support: 131.36Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 133.571 where the horizontal swing low support and 23.6% fibonacci retracement are to our 1st resistance at 136.676 in line with the 100% fibonacci projection […]
Korea’s leading exchanges have agreed to form a new emergency system that will spring into action within 24 hours should another Terra-style collapse threaten to come to pass. Under the new system, exchanges will convene to respond to sudden adverse market effects, such as what happened with Terra in May. The agreement came after five […]
Stocks trimmed gains Wednesday after initially holding their ground afterthe Federal Reserve delivered a 75 basis point hike in its fed funds rate — the largest such move since 1994 but one that was widely expected after a hotter-than-expected inflation reading at the end of last week. The Dow Jones Industrial Average gave up a […]
A new survey suggest most of the world’s wealthiest have invested in digital assets and wealth management firms have been advised to prioritize providing education and advice. 670 Total views 34 Total shares High net worth individuals (HNWI) have embraced cryptocurrencies and other digital assets, with 71% of wealthy individuals investing in digital assets according […]
Gold prices settled higher on Wednesday, then seesawed — moving higher, then lower in electronic trading after the Federal Reserve announced the biggest interest-rate hike in nearly 30 years. Fed officials lifted the fed funds rate by 75 basis points to the 1.5% to 1.75% range. August gold GCQ22, +0.69% was last at $1,818.50 an […]
Financial stocks spiked up, then pulled back after the Federal Reserve raised its target on overnight rates by 0.75 percentage points on Wednesday. Although the 75-basis-point hike was expected, it was still historic, as it was the biggest increase in nearly three decades, and was the Fed’s way of saying it will act aggressively to […]
