Latest Market News
Gold futures edged lower on Thursday, giving back a small portion of the 2.1% gain prices saw a day earlier. Given that U.S. monetary tightening is not complete and that the Federal Open Market Committee is poised to raise the policy rates by a further this year, “we see gold prices continuing to correct lower,” […]
The Consumer Financial Protection Bureau announced Thursday that it has sued the online lender MoneyLion Technologies Inc. ML, -26.92% for “imposing illegal and excessive charges on servicemembers and their dependents,” the agency said in a press release. “MoneyLion targeted military families by extracting fees and making it difficult to cancel monthly subscriptions,” CFPB Director Rohit […]
President Joe Biden on Thursday said he will go to Florida “when the conditions allow it” to thank first responders who have helped victims of Hurricane Ian. Speaking at Federal Emergency Management Agency headquarters in Washington, Biden said the storm could be “the deadliest hurricane in Florida’s history,” and noted early reports of “what may […]
Acrimoto Inc. FUV, -8.33% announced Thursday a restructuring, with an aim of cutting its payroll expenses by 32% as part of its efforts to become profitable. The stock was halted for news until 1: 30 p.m. Eastern. The Oregon-based maker of “incredibly fun” electric vehicles for “moving people and stuff,” said the restructuring is expected […]
• EURCAD broke resistance level 1.3300 • Likely to rise to resistance level 1.3500 EURCAD currency pair rising strongly after the breakout of the resistance level 1.3300 (top of wave (i) from the middle of September) intersecting with the two resistance trendlines from March and February. The breakout of the resistance level 1.3300 continues the […]
• EURGBP reversed from long-term resistance level 0.9200 • Likely to fall to support level 0.8800 EURGBP falling after the pair reversed down from the powerful long-term resistance level 0.9200 (which has been reversing the price from the middle of 2020), standing far above the upper weekly Bollinger Band. The downward reversal from the resistance […]