Latest Market News
The FCA has begun discussions with stakeholders about options to allow UK authorised retail funds to make exceptional use of ‘side pockets’ given the significant practical challenges in disposing of Russian and Belarusian assets in the context of suspensions and extensive global sanctions. Side pockets would potentially give authorised fund managers the option to separate […]
On 15 March 2022 SD Taylor Limited (trading as ‘Loans at Home’) was placed into administration. Chris Laverty, Trevor O’Sullivan and Andrew Charters of Grant Thornton UK LLP were appointed as Joint Administrators. SD Taylor Limited is a high-cost lender. It offered home collected loans to customers with repayment periods between 14 and 63 […]
Prices for the U.S. oil benchmark entered a bear market Tuesday after finishing more than 20% below their settlement of $123.70 a barrel on March 8, which was the highest finish since August 2008. Oil prices continued their selloff amid renewed COVID-related shutdowns in China, while peace talks continued between Russia and Ukraine, said Marshall […]
Published: March 15, 2022 at 2:52 p.m. ET President Joe Biden on Tuesday afternoon signed into law a massive new bill that will fund the federal government for the remainder of the fiscal year and prevent a government shutdown, as well as further aid Ukraine. Earlier Tuesday, Biden administration officials continued their push for Congress […]
Type: Bullish BounceKey Levels:Resistance: 19.87Pivot: 18.92Support: 18.33Preferred Case:Price is near the pivot level of 18.92 in line with a 50% Fibonacci retracement. We expect price to move towards 1st resistance level of 19.87 in line with 161.8% Fibonacci extension, along with a swing high resistance. Alternative Scenario:Price may break our pivot structure and head for […]
Type: Bullish RiseKey Levels:Resistance: 156’01Pivot: 150’15Support: 152’02Preferred Case:With price expected to bounce from the stochastic indicator, we have bullish bias that price will rise from our pivot of 150’15 in line with the horizontal swing low support to our 1st resistance of 156’01 in line with the horizontal pull back resistance and 50% Fibonacci retracement.Alternative […]