Latest Market News

Apr 11
GBPUSD Wave Analysis – 11 April, 2022

• GBPUSD reversed from round support level 1.3000• Likely to rise to resistance level 1.3160 GBPUSD currency pair today reversed up with the daily Hammer from the round support level 1.3000 (which stopped the previous sharp impulse wave 1 in the middle of March). The support zone near the support level 1.3000 is strengthened by […]

Apr 11
Silver Wave Analysis – 11 April, 2022

• Silver reversed from support level 24.10• Likely to test resistance level 25.50 Silver recently reversed up from the key support level 24.10 (which stopped the previous minor impulse wave 1 at the end of March). The support zone near the support level 24.10 was strengthened by the lower daily Bollinger Band and by the […]

Apr 11
BTC stocks correlation ‘not what we want’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts the second week of April with a whimper as bulls struggle to retain support above $40,000. After a refreshingly low-volatility weekend, the latest weekly close saw market nerves return, and in classic style, BTC/USD fell in the final hours of April 10. There is a feeling of being caught between two stools […]

Apr 11
American Express stock drops after J.P. Morgan downgrades, citing valuation and increased recession probability

Shares of American Express Co. AXP, -1.63% dropped 1.3% in morning trading Monday, after J.P. Morgan analyst Richard Shane downgraded the charge card and travel-related services company, citing concerns over valuation at a time of increased uncertainty over economic growth. Shane cut his rating to neutral from overweight but left his stock price target at […]

Apr 11
FCA publishes letter confirming it won’t attend Amigo’s Scheme of Arrangement sanction hearings

Ahead of the hearings on 23 and 24 May regarding Amigo Loans’ proposed Scheme of Arrangement (the Scheme), we have written to the firm to confirm that we do not intend to attend the hearings to oppose its proposals. The purpose of the Scheme is to deal with the firm’s redress liabilities. The firm’s Scheme […]

Apr 11
Consumer warning on Semantic Business Services Ltd

We have removed permissions from Semantic Business Services Ltd. That means it is no longer permitted to carry out any regulated activities. Semantic had two regulated activities: Secondary credit broking and Agreeing to carry on a regulated activity. Any investments with Semantic may not be protected, and you could lose all your money if you invest with […]