Day: June 20, 2022

Jun 20
Chinese court invalidates 2019 car sale made using now worthless crypto token

It appears that not only was the sales contract invalidated, but the buyer paid for the car with a questionable digital token in the first place. 755 Total views 4 Total shares Last week, a WeChat post published by the Shanghai Fengxian Court began circulating in crypto circles with regards to its recent ruling on […]

Jun 20
Solend invalidates Solana whale wallet takeover plan with second governance vote

If Solend is unable to take over the account, some believe that it could cause a meltdown, driving SOL’s price to zero. 8638 Total views 51 Total shares Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gave Solend Labs “emergency powers” to access a whale’s […]

Jun 20
Japanese Candlesticks Analysis 20.06.2022 (GOLD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar” At a pullback, gold has formed a Hammer reversal pattern. Going by the pattern, the pair got into an ascending impulse. The goal for further growth might be the resistance level at 1858.00. However, the shares might drop to 1830.50 without pulling back to the resistance level. NZDUSD, “New Zealand […]

Jun 20
Forex Technical Analysis & Forecast 20.06.2022

EURUSD, “Euro vs US Dollar” The pair is forming a consolidation range around 1.0500. With an escape upwards, the correction might continue to 1.0620, followed by a decline to 1.0220. With an escape downwards, a pathway directly to 1.0220 will open. GBPUSD, “Great Britain Pound vs US Dollar” The pair is forming a consolidation range […]

Jun 20
Euro edges higher with focus on ECB, dollar retreats

The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France for now after President Emmanuel Macron lost an absolute majority in a parliamentary election. Macron’s Ensemble alliance secured the most seats in the National Assembly but […]

Jun 20
China’s imports of Russian oil jump 55% in May

China’s imports of Russian oil jumped 55% last May, displacing Saudi Arabia from the first place among crude suppliers to Beijing, 19 months after Riyadh topped the list. China’s General Customs Administration data indicated today, Monday, June 20, that Russian oil imports are transported through East Siberian and Pacific pipelines, the Guardian reported. The newspaper […]

Jun 20
FED Goes all-in to Fight Inflation and Markets are yet to Grasp this Shift in the Policy Stance

The tectonic shift in the Federal Reserve’s policy, according to which the regulator no longer expects that inflation will naturally find its way to the target level and goes all in to suppress it, is still being digested by financial markets. Risk demand recovers slowly, despite the fact that last week’s drop largely removed overbought, […]

Jun 20
Market Spotlight: Shell Gives Back 50% of 2022 Gains

Shell Shares Falling FastRoyal Dutch Shell had been one of the best performing stocks of 2022 up until very recently. Shares in the company surged higher by around 40% from Jan 1st through to the start of June. Peaking at north of $60 per-share, Shell has since given back around half of these gains with […]

Jun 20
‘Worst quarter ever’ for stocks — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week still battling for $20,000 support as the market takes in a week of severe losses. What felt all but impossible just weeks ago is now a reality as $20,000 — the all-time high from 2017 to 2020 — returns to give investors a grim sense of deja vu. Bitcoin […]

Jun 20
Joint Forum of Financial Market Regulators receive early feedback regarding total cost reporting and climate change

Toronto – The Joint Forum of Financial Market Regulators (Joint Forum) held its annual meeting on June 15, 2022. The Joint Forum brings together members of the Canadian Securities Administrators (CSA), the Canadian Council of Insurance Regulators (CCIR), the Canadian Association of Pension Supervisory Authorities (CAPSA) and representatives from the Canadian Insurance Services Regulatory Organizations […]