News

May 31
CFTC Charges Florida Man with Fraudulent Solicitation of Over $800,000 and Misappropriation in Futures Scheme

Washington, D.C. – The Commodity Futures Trading Commission today announced that it filed a civil enforcement action in the Southern District of Florida against Rico Cox of Fort Lauderdale, Florida. The complaint alleges that, for a second time, Cox fraudulently solicited and accepted funds, this time at least $842,900 that was intended for commodity futures […]

May 31
Russian central bank signals agreement with crypto law revisions: Report

A top Russian central bank official said at a press conference that the monetary authority will permit foreign trade with crypto. 1294 Total views 29 Total shares First deputy governor of the Russian central bank Ksenia Yudayeva stated Tuesday that the bank is open to using cryptocurrency for international payments, Reuters reported, along with Russian […]

May 31
Investor hopes for either a rate ‘pause’ or 25-basis-point hike in September are starting to slip away

Financial-market participants are focusing their attention on where Federal Reserve policy makers are most likely to take their main policy rate in September, with hopes slipping that they could back off of half-point increases after delivering similar-size hikes in June and July. Remarks by Fed Gov. Christopher Waller, who said on Monday that he supports […]

May 31
Bitcoin price rallies to $32.3K, but three factors could limit its recovery

Bitcoin (BTC) price action has been surprisingly bullish since May 27. Weekends, especially holiday weekends, are notoriously volatile and indecisive, with major whipsaws in price movements being the norm. Even in bull markets, bearish price action is often the norm, but BTC bucked that trend.  BTC/USD daily chart (Coinbase) Source: TradingView Bitcoin rallied nearly 11% […]

May 31
Eli Lilly stock pulls back from record high after disclosing sales by largest shareholder

Shares of Eli Lilly & Co. LLY, -2.88% fell 4.0% in afternoon trading Tuesday, to pullback from the previous session’s record close, after the drug maker disclosed that its largest shareholder sold nearly $64 million worth of its shares. In a Form 4 filing with the Securities and Exchange Commission, the company said Lilly Endowment […]

May 31
Forex Technical Analysis & Forecast 31.05.2022

EURUSD, “Euro vs US Dollar” Having expanded the consolidation range up to 1.0777, EURUSD is expected to correct down to 1.0731 and may later form one more ascending structure towards 1.0820. After that, the instrument may resume moving within the downtrend with the target at 1.0630. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is […]