Latest Market News

May 17
CFTC Charges Florida Man and His Two Entities for Operating a $3.4 Million Commodity Futures Fraud

Washington, D.C. — The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Southern District of Florida against Damian Castilla and his companies, DCAST Capital Investments LLC and Five Traders LLC, all of Miami, Florida, alleging that from January 2014 through the present, Castilla and his companies […]

May 17
Crypto users react to Terraform Labs legal team purportedly leaving company

Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money. 2884 Total views 25 Total shares The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment […]

May 17
Container Store aims for $2 billion in sales by 2027

Shares of Container Store Group Inc. TCS, -1.50% rallied more than 10% in the extended session Tuesday after the retailer reported fiscal fourth-quarter earnings and sales above Wall Street expectations and promised $2 billion in yearly sales within five years. The Container Store said it earned $23.2 million, or 46 cents a share, in the […]

May 17
Fear & Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K

Bitcoin (BTC) returned to $30,500 on May 17 amid hopes that a retest of 2017 highs could be avoided. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $20,000 retest ‘highly unlikely’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing after the daily close to tentatively build on $30,000. Still, in a multi-day range, the […]

May 17
Ichimoku Cloud Analysis 17.05.2022 (GBPUSD, XAUUSD, USDCAD)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting within the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2365 and then resume moving downwards to reach 1.1945 Another signal in favour of […]

May 17
Bullard predicts that US growth will remain above trend due to strong consumption.

Fed Bullard predicts that US growth will remain above trend due to strong consumption. The U.S. economy is likely to continue growing at an above-trend pace for at least the next 18 months, and households are likely to continue spending as the influence of the pandemic fades, St. Louis Fed president James Bullard said on […]