Latest Market News

May 18
New York City COVID alert level raised to high from medium: Health Department

The New York City health department raised its COVID-19 alert level to high from medium on Tuesday, and said it now advises all New Yorkers to wear a mask in indoor public settings. “People who are older than 65 or otherwise at a high risk of severe illness from COVID-19 should also wear a mask […]

May 18
German BaFin official calls for ‘innovative’ EU-wide DeFi regulation

Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.” 1050 Total views 48 Total shares Birgit Rodolphe, executive director at Germany’s Federal Financial Supervisory Authority (BaFin), has called for innovative and uniform regulation of the decentralized […]

May 18
Forex Technical Analysis & Forecast 18.05.2022

EURUSD, “Euro vs US Dollar” After finishing the ascending wave at 1.0412 and then forming a new consolidation range around this level, EURUSD has broken it to the upside to extend the correction up to 1.0562; right now, it is forming the first descending impulse towards 1.0495. Later, the market may break this level and […]

May 18
Coffee C Futures ( KC1! ), H1 Potential For Bullish Bounce

Type: Bullish BounceKey Levels:Resistance: 225.40Pivot: 221.95Support: 219.75Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 225.40 in line with the horizontal swing high resistance from our pivot of 221.95 in line with the 23.60% Fibonacci retracement and horizontal pullback support.Alternative Scenario:Alternatively, price […]

May 18
Market Spotlight: GBP Soars As Unemployment Hits 1974 Lows

UK Labour Data Improves AgainThe British Pound is back in favour this week following a bumper set of labour market indicators this morning. UK wages were seen rising by 7% over the three months ending in March, marking their fastest pace of growth since summer 2021. Alongside this, the unemployment rate was seen falling back […]

May 18
FDA authorizes a booster dose of BioNTech/Pfizer’s vaccine for 5 to 11 year olds

The Food and Drug Administration said Tuesday that children between the ages of 5 and 11 years old can get a booster dose of BioNTech SE and Pfizer Inc.’s PFE, +1.32% COVID-19 vaccine. Children in this age group should wait at least five months after getting the primary series of shots. The regulator authorized a […]