May 18 2022 🕓 2 min
Russian division of Google to declare bankruptcy
Google says it has no choice because the authorities have seized its bank account, preventing it from making even the most routine payments.
Market Movers
May 18 2022
Do Kwon will be sued
Do Kwon, the main person behind Terra (LUNA) and TerraUSD (UST) stablecoin will be sued by LKB & Partners, major Korean law firm, over the collapse of Luna and UST that we saw last week. The firm will be suing Do Kwon on behalf of investors who lost money and will try to seize the property of Do Kwon.
May 18 2022
Gas prices remaining high through 2022?
The European Commission stated that it is likely that the energy prices, especially gas, will remain high this year, which can potentially roll over even to coming three years. The Commission also stated that EU should try to be less reliant on Russia and its energy supplies to prevent this from happening in the future.
May 18 2022
Inflation in UK speeding up
The inflation numbers of United Kingdom that were released today confirmed that this problem is far from solved. At 9 % a year for the month of April, inflation is still speeding up, since the last recorded number was 7 %.
May 18 2022 🕓 3 min
GBP/USD drops below 1.24 after inflation numbers
This week, the UK's unemployment rate fell to a 48 year low of 3.7% in the first quarter of the year, while inflation accelerated to a 9% annual rate in April.
May 18 2022 🕓 5 min
Is it still worth investing in bitcoin?
Crypto investors from all over the world are literally bleeding, and still do not seem to understand the value of cryptocurrencies.
May 17 2022 🕓 3 min
AUD/USD soars above key resistance after RBA minutes
The Australian dollar has been supported today by the Reserve Bank of Australia's minutes from its May monetary policy meeting, which indicated that a more significant interest rate rise in June is still feasible.
May 17 2022 🕓 2 min
UK unemployment lowest in 48 years
Britain's unemployment rate fell to 3.7% between January and March. However, inflation is leading to a fall in real incomes.
May 17 2022 🕓 3 min
Ryanair cut their loss last year and expect a profit this year
Ryanair reduced its net loss to €355 million in the last financial year from €1 billion in the previous financial year.
May 16 2022 🕓 2 min
Europeans are generally critical of the CBDC
Central Bank Digital Currency (CBDC) is an idea that Europeans do not like at all. What is being addressed most is control and privacy.
May 16 2022 🕓 3 min
Gold is in decline for the month
Yellow metal is in decline for the month. And guessing the low of this downtrend does not seem as a reliable strategy.
May 16 2022 🕓 3 min
SP500 falls below 4,000 USD as big banks sound negative
Wall Street analysts are increasingly pessimistic about the outlook for equities, and Goldman Sachs has become the latest to lower its year-end price forecast for the SP500 index.
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Forex
May 18 2022 🕓 3 min
GBP/USD drops below 1.24 after inflation numbers
This week, the UK's unemployment rate fell to a 48 year low of 3.7% in the first quarter of the year, while inflation accelerated to a 9% annual rate in April.
May 17 2022 🕓 3 min
AUD/USD soars above key resistance after RBA minutes
The Australian dollar has been supported today by the Reserve Bank of Australia's minutes from its May monetary policy meeting, which indicated that a more significant interest rate rise in June is still feasible.
May 12 2022 🕓 3 min
GBP/JPY craters toward 200-day average
This was a bad day for the GBP as the price fell below a critical support and the medium term outlook now changed to bearish.
May 12 2022 🕓 3 min
The Philippines is the fastest growing economy in East Asia
The Philippine economy grew faster than expected in the Q1, raising expectations of an interest rate hike to curb rising inflation.
Stocks
May 18 2022 🕓 2 min
Russian division of Google to declare bankruptcy
Google says it has no choice because the authorities have seized its bank account, preventing it from making even the most routine payments.
May 17 2022 🕓 3 min
Ryanair cut their loss last year and expect a profit this year
Ryanair reduced its net loss to €355 million in the last financial year from €1 billion in the previous financial year.
May 16 2022 🕓 3 min
SP500 falls below 4,000 USD as big banks sound negative
Wall Street analysts are increasingly pessimistic about the outlook for equities, and Goldman Sachs has become the latest to lower its year-end price forecast for the SP500 index.
May 15 2022 🕓 2 min
Saudi Aramco reported a very strong first quarter
Oil producer Saudi Aramco has reported a more than 80% rise in first-quarter net profit. This was primarily due to the high oil price.
Commodities
May 16 2022 🕓 3 min
Gold is in decline for the month
Yellow metal is in decline for the month. And guessing the low of this downtrend does not seem as a reliable strategy.
May 14 2022 🕓 3 min
India bans wheat exports
After consumer prices rose to an eight-year high in April, the government decided to ban all wheat exports.
May 13 2022 🕓 3 min
Turbulent week on commodity markets
Precious metals reacted to higher than expected inflation data. Crude oil affected by EU ban and Covid situation in China.
May 12 2022 🕓 2 min
Germany is trying to negotiate gas supply terms with Qatar
As part of the process of getting rid of Russian gas, Germany has decided to negotiate with Qatar for the supply of liquefied natural gas.
Crypto
May 18 2022 🕓 5 min
Is it still worth investing in bitcoin?
Crypto investors from all over the world are literally bleeding, and still do not seem to understand the value of cryptocurrencies.
May 16 2022 🕓 2 min
Europeans are generally critical of the CBDC
Central Bank Digital Currency (CBDC) is an idea that Europeans do not like at all. What is being addressed most is control and privacy.
May 16 2022 🕓 2 min
Representatives of many central banks will visit El Salvador
Representatives from a total of 44 countries are coming to El Salvador. They will discuss the benefits of Bitcoin in the country.
May 13 2022 🕓 5 min
Stablecoins still have work to do
The decline of the whole market is different this time, and analysts point out that its trigger and primary catalyst is stablecoin.