Month: May 2022

Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said the regulator will look at the recent volatility in the crypto markets when creating rules for the space in 2022. According to a Friday Bloomberg report, Pritchard said the financial regulator will “absolutely” take into account stablecoins
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The major indices are moving closer to the unchanged levels after a hopeful start to the day starts to see an erosion. A snapshot of the market is showing: Dow is up 5.74 points or 0.02% at 31258.88 S&P is up 8 points or 0.19% at 3908  Nasdaq  is up 33 points or 0.29% at
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Gold prices were flat on Thursday, as an elevated dollar weighed on greenback-priced bullion and countered support from lower Treasury yields, with the metal’s outlook already dulled by an aggressive Federal Reserve stance on inflation. FUNDAMENTALSSpot gold held its ground at $1,816.63 per ounce at 0047 GMT. U.S. gold futures edged 0.1% lower to $1,814.10.
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The forex markets are treading water today. Sentiments were lifted by China’s rate cut. UK retail sales came in stronger than expected. ECB officials continued to talk up the prospect of a July hike. But none of these triggered any meaningful moves in the markets. For the week, Swiss Franc is still the best performer,
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