News

Apr 29
Investment Bank Outlook 29-04-2022

CIBCFX FlowsUS$ kicked off the final trading day of April softer, we believe it is just pure profit taking into the long weekend.Its magic. No Japanese rhetoric yet the $YEN weakened for no apparent reason. Started the session at 130.95, the pair slowly declined to 130.365. Call it position adjustment ahead of weekend or month-end […]

Apr 29
WTI Wave Analysis – 29 April, 2022

• WTI reversed from support level 95.00• Likely to rise to resistance level 108.80 WTI crude oil recently reversed up from the key support level 95.00, which has been reversing the price from the end of February. The support area near the support level 95.00 was strengthed by the lower daily Bollinger Band by the […]

Apr 29
Bitcoin price slow to react as US dollar rally stops at 20-year highs

Bitcoin (BTC) stayed rangebound on April 29 as a welcome retracement saw the United States dollar come down from 20-year highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $40,600 as “crucial” breaker Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hugging support near $39,300 after failing to hold $40,000. The pair had […]

Apr 29
Dow tumbles more than 900 points Friday, Nasdaq books worst month since 2008 crash

Stocks tumbled into the closing bell Friday, with all three major equity indexes shedding more than 2.7% to end an ugly week and month on Wall Street. The Dow Jones Industrial Average DJIA, -2.77% fell about 938 points, or 2.8%, ending the session near 32,977. Continued carnage in technology-related stocks left the S&P 500 index […]

Apr 29
FCA stops Alexander David Securities Limited disposing of assets without permission

The FCA has imposed requirements on corporate advisory firm, Alexander David Securities Limited (ADSL), which means it must not dispose of any assets without the written consent of the FCA. Since 29 June 2020, ADSL has not been permitted to undertake any regulated activities, hold client money or assets nor issue or approve for third […]

Apr 29
Binance blocks crypto accounts of relatives tied to the Russian government

The Binance cryptocurrency exchange is adopting more measures to prevent the Russian government from mitigating the impact of sanctions through the use of crypto. Binance has shut down several accounts tied to relatives of senior Kremlin officials over the past two months since Russia began military action in Ukraine, Bloomberg reported on Thursday. According to the […]