Fibonacci retracement here is based on the ongoing downward movement which paused in the second half of last week. The 38.2% appears to be an important area, with price failing twice to break above it on Thursday and Friday. There is no longer any indication of oversold on this timeframe from either Bollinger Bands or…
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The former account executive sold, without authorization, stolen shares on the open market. She used a nominee client accounts held at China Pacific in the names of her family members. Afterwards, the earnings were paid into the relatives' bank accounts over which Mo had control. Mo also conspired with a former settlement clerk of China Pacific, Hui Fong…
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During the 2008 global financial crisis, caused by the implosion of US housing market, Japan released packages for over ¥15 trillion to combat the financial crisis. Liberal Democratic Party policy chief Fumio Kishida said: We need more drastic measures. Policy chief at Komeito, the LDP’s coalition partner, Noritoshi Ishida suggested granting fixed amount without setting…
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Alireza Dorfard, Head of Data Services at Deutsche Börse commented: The product launch marks another milestone in the successful market data partnership between Deutsche Börse and TAIFEX. Under the partnership, which has been in place since 2016, Deutsche Börse acts as licensor of TAIFEX market data to all international clients. Clients can conveniently access data…
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EUROPEAN SHARES Shares tumbled globally on Monday, with prices returning to last week’s lows as the spread of the deadly virus continues to have a big impact on market sentiment. Even though most markets tried to consolidate around major technical support zones last week after one of the steepest declines in decades, investors’ trading stance…
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Friday afternoon selloff caps dire week for US stocks Last week was a dismal one for US stocks, with all three major indices posting double-digit losses despite the Federal Reserve slashing interest rates to near-zero and announcing the restarting of quantitative easing. The Dow Jones Industrial Average is now down 32.8% year-to-date, after a Friday…
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The assistance came as an extraordinary move in the staid money-market fund industry after another week of volatile markets. Goldman’s plans were disclosed to the US Securities and Exchange Commission last Friday. Investors in the US withdrew tens of billions of dollars from prime money-market funds, which buy top-rated corporate debt. Usually, the are tame…
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In the UK, 33% of firms expect the economy to shrink and over 14% expect it to contract by 1-3%. Another 6% believe the UK economy will stay flat with no growth. In the US, 16% of firms expect the economy will shrink in 2020, most likely by 1-3% (7%) and 6% also expect it…
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US markets started climbing today after nearly two weeks with a 4% plus move in either direction during every trading session. Tesla shuts down US production. The company sank heavily in after-hours trading following the announcement that it is suspending US car production due to the pandemic. All asset classes sold as Sterling lowest since…
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