Germany’s Financial Regulator Exec Won’t Resign

William Arsn

Share Tweet Share Share Share Print Email Despite calls for his resignation in the wake of the Wirecard AG scandal, the president of the German Federal Financial Supervisory Authority (BaFin) has refused to go. While Felix Hufeld acknowledged the nation’s regulatory agency should have called for investigation sooner, he told reporters Wednesday […]

Stocks book fresh round of records, Dow ends 1.5{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} shy of all-time high, on hopes of COVID treatments, cures

William Arsn

MARKET SNAPSHOT © Getty Images The U.S. equity benchmark indexes closed in record territory Wednesday, as investors drew hope from progress in the development of tests and vaccines for COVID-19. Load Error Investors largely ignored a mixed batch of economic reports, including a private-sector jobs reading that came in weaker […]

ETH/USD ready to retest two-year high after a short-lived correction

William Arsn

Ethereum (ETH) has been back on recovery track amid DeFi boom. The coin may retest $440.00 after a short-lived bearish correction. Ethereum (ETH) has hit $430.00 during early Asian hours amid strong bullish momentum. While the coin retreated to $423.00 by press time, it is still over 4{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} higher from […]

Recovers from 61.8{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} Fibonacci retracement amid risk on mood

William Arsn

USD/JPY picks up bids following its latest U-turn from 105.29. A monthly resistance line, previous support, joined bearish MACD to question the bulls. 61.8{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} Fibonacci retracement of July-August upside restricts immediate declines. USD/JPY rises to 105.61, up 0.25{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} on a day, during the pre-European session trading on Monday. The yen […]

Canadian SPACs: Rising From The Ashes

William Arsn

Special Purpose Acquisition Corporations (SPACs) are all the rage. Once mired in obscurity, SPACs are reaching a fever pitch. The SPAC uptrend began in 2017, when 34 SPACs IPO’ed and raised $10 billion in funds. This was more than double the year prior. In 2019, there were 59 SPAC IPOs […]