Shares of fintech giant, Wirecard crashed after the Financial Times report that a senior Wirecard executive was suspected of using forged and backdated contracts in a string of supsicious contracts. The potential supsicous transactions will reignite concerns that Wirecard’s accounting and governance are not up to par. In September, Wirecard replaced Commerzbank in the DAX 30 index. Germany’s DAX fell 0.5% following the news, bucking the positive trend seen in the STOXX 600, CAC and FTSE. The euro remains little changed on the session trading above the 1.14 handle.
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Ed Moya
His particular expertise lies across a wide range of asset classes including FX, commodities, fixed income, stocks and cryptocurrencies.
Over the course of his career, Ed has worked with some of the leading forex brokerages, research teams and news departments on Wall Street including Global Forex Trading, FX Solutions and Trading Advantage. Prior to OANDA he worked with TradeTheNews.com, where he provided market analysis on economic data and corporate news.
Based in New York, Ed is a regular guest on several major financial television networks including CNBC, Bloomberg TV, Yahoo! Finance Live, Fox Business, cheddar news, and CoinDesk TV. His views are trusted by the world’s most respected global newswires including Reuters, Bloomberg and the Associated Press, and he is regularly quoted in leading publications such as MSN, MarketWatch, Forbes, Seeking Alpha, The New York Times and The Wall Street Journal.
Ed holds a BA in Economics from Rutgers University.
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