Last week, the buy-now-pay-later market came to a standstill when the
Financial Conduct Authority (FCA)released its latest regulations to improve protection for BNPL shoppers. These new policies follow cases of serious debt that customers have fallen into when shopping with certain BNPL providers during the coronavirus pandemic. The FCA has recognised that consumers need more education when it comes to financing their payments, and its new rules have set a high bar that most BNPL providers must now reach.
Thankfully for shoppers, though, there is one BNPL provider that doesn’t need to change its ways to meet the new regulations. The up-and-coming UK-based fintech
Gold is dodging bullets, as it comes increasingly under fire from rising U.S. interest rates and a USD that is poised to surge.
Catching unsuspecting traders in yet another bull trap , gold’s early-week strength quickly faded. And with investors unwilling to vouch for the yellow metal for more than a few days, the rush-to-exit mentality highlights a short-term vexation that’s unlikely to subside.
Please see below:
Figure 1
Destined for devaluation after hitting its triangle-vertex-based reversal point (which I warned about previously ), the yellow metal is struggling to climb the ever-growing wall of worry.
Mirroring what we saw at the beginning of the New Year, gold’s triangle-vertex-based reversal point remains a reliable indicator of trend exhaustion.