Latest Market News
Speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision at the FCA, delivered at Rosenblatt’s European Market Structure conference on 3 March 2022. Speaker: Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision Location: Rosenblatt European Market Structure ConferenceDelivered on: 3 March 2022Note: this is the speech as drafted and may […]
The Financial Conduct Authority (FCA) is taking assertive action to tackle harm in the consumer investments market, as data published today shows it has stopped 1 in 4 firms from entering this market. The FCA is also urging consumers to be InvestSmart and ScamSmart, following an increase in the number of scams being reported to […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1100; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1195 and then resume moving downwards to reach 1.0885. Another signal in favour of a further downtrend will be a […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to rebound from 7/8 and then resume falling to reach the support at 5/8. However, this scenario may be cancelled […]
Gold prices rose in trading on Thursday, in conjunction with the continuing conflict between Russia and Ukraine, which boosted demand for the precious metal as a safe haven. Yesterday, Wednesday, gold prices ended down by more than $21, recording the first drop in 3 sessions, coinciding with the rise of the dollar and US stocks. […]
Type: Bearish DownsideKey Levels:Resistance: 33949Pivot: 33401Support: 32157Preferred Case:Price near pivot level of 33401 in line with 38.2% Fibonacci retracement and 38.2% Fibonacci retracement . Price can potentially dip to the 1st support level of 32157 in line with 100% Fibonacci extension and 50% Fibonacci retracement . Our bearish bias is supported by prices trading below […]