Latest Market News

May 20
Gold prices rise and are heading for the first gains in 5 weeks

Gold prices rose during trading on Friday, with the metal heading towards recording its first weekly gain in 5 weeks. The precious metal benefited from the US dollar’s retreat from the threshold of its highest levels in two decades, in addition to the exacerbation of concern about the growth of the US economy. And gold […]

May 20
USDJPY, H4 | Potential Bearish Continuation

Type: Bearish ReversalKey Levels:Resistance: 128.86Pivot: 128.088Support: 127.162Preferred Case:On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that prices will drop to our 1st support at 127.162 where our horizontal swing low support is at from our pivot at 128.088 in line with horizontal overlap resistance and 38.2% Fibonacci retracement.Alternative […]

May 20
GBPUSD, H4 | Potential Bullish Continuation

Type: Bullish BounceKey Levels:Resistance: 1.25452Pivot: 1.23939Support: 1.23312Preferred Case:On the H4, with prices moving above the Ichimoku indicator, we have a bullish bias that price will rise from our pivot at 1.23939 where the horizontal overlap support is to our 1st resistance at 1.25452 in line with the 61.8% Fibonacci projection.Alternative Scenario:Alternatively, price may break pivot […]

May 20
Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beach

On day three of El Salvador’s financial inclusion and funding for SMEs conference, Bitcoin has stolen the show. 2700 Total views 56 Total shares The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for […]

May 20
Wells Fargo agrees to pay $7 million to failing to follow anti-money laundering rules

The Securities and Exchange Commission on Friday said Wells Fargo & Co. WFC, -1.18% agreed to pay $7 million to settle charges that it failed to file at least 34 suspicious activity reports in a timely manner between April, 2017, and October, 2021. The SEC said the bank’s anti-money laundering (AML) system adopted in January, […]

May 20
Crypto veterans extend a helping hand to bear market newbies

Guy Swann listed buying Bitcoin on top of his list of advice for beginners who are experiencing their first bear market. 1929 Total views 59 Total shares As the bears take over and the markets slow down, Twitter user DeFi Edge asked crypto veterans, who experienced the bear market of 2018, what advice they would […]