France: UBS hit by $5.1 bn fine
The Paris court ordered Switzerland’s largest bank, UBS, to pay 4.5 billion euros ($5.1 billion) in fines and damages for helping wealthy French clients evade tax authorities, wrapping up one […]
Finance
Oil price: US is the key player in the first months
Oil prices were around 2019 highs on Wednesday, propped up by supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela. But soaring U.S. production […]
UBS faces French court on fraud charge
A Paris court will rule Wednesday on whether Swiss banking giant UBS illegally tried to convince French clients to hide billions of euros in Switzerland, charges which prompted prosecutors to […]
Gold price: 2019 will be a bullish year?
The results of the survey by the London Bullion Market Association of analysts’ predictions for the gold price in 2019 is another example of just how unpredictable financial markets have […]
Panama outlaws against tax evasion
Panama’s parliament passed a bill on Monday (11th February) that elevates tax evasion to a criminal offense, in a move the goverment hopes will enable the country to stay on […]
A Five-Point Reversal on Dow Jones and S&P 500?
The pioneer technical students lumped together many patterns under the classification “Five-Point Reversals”. A hypothesis that I would like to share today is that of a probable formation of one […]
Forex: XAU/USD aims to medium pattern line
During the previous trading session, the yellow metal traded between the 100-hour and the 200-hour simple moving averages. On Thursday, the gold was located below the monthly pivot point at […]
Japan: 20 years ago the ZIRP era started
It was 20 years ago today that the Bank of Japan first cut interest rates to zero percent—the so-called Zero Interest Rate Policy—setting a precedent for aggressive monetary policy in […]