News

EURUSD, “Euro vs US Dollar” After completing another descending wave at 0.9535 along with the correctional structure up to 0.9727, EURUSD is forming a new descending structure to break 0.9575. Later, the market may continue trading downwards with the target at 0.9408. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the correction up […]

USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF is trading within the “overbought area”. The Relative Strength Index is heading towards 30 and is currently testing the support line, a breakout of which might signal a further downtrend. In this case, the pair is expected to break 8/8 (0.9765) and then continue […]

The Securities and Exchange Commission charged Barclays PLC for the sale of $17.7 billion in unregistered securities, the regulator said Thursday. “This case highlights why it is essential for firms like Barclays BCS, -2.70% to have robust internal controls over their offers and sales of securities,” said Gurbir S. Grewal, director of the SEC’s Division […]

Oil futures finished lower Thursday as concerns over production disruptions from Hurricane Ian eased, but prices held ground above $80 a barrel following a 4.7% gain in the previous session. “The overall dynamic for crude remains largely unchanged,” said Robbie Fraser, global research and analytics manager at Schneider Electric. “Recession fears continue to weigh on […]

Gold futures edged lower on Thursday, giving back a small portion of the 2.1% gain prices saw a day earlier. Given that U.S. monetary tightening is not complete and that the Federal Open Market Committee is poised to raise the policy rates by a further this year, “we see gold prices continuing to correct lower,” […]

The Consumer Financial Protection Bureau announced Thursday that it has sued the online lender MoneyLion Technologies Inc. ML, -26.92% for “imposing illegal and excessive charges on servicemembers and their dependents,” the agency said in a press release. “MoneyLion targeted military families by extracting fees and making it difficult to cancel monthly subscriptions,” CFPB Director Rohit […]