Category: Focus
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South African rand weakens, focus on cabinet announcement By Reuters
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JOHANNESBURG (Reuters) – The South African rand fell in early trade on Monday, as markets awaited the announcement of President Cyril Ramaphosa’s government after the African National Congress lost its parliamentary majority in last month’s elections, the first time in 30 years. At 0556 GMT, the rand was trading at…
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USD/JPY in the spotlight as yen-tervention is in focus
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USD/JPY daily chart This may be a quieter start to the new week, but this is the week to watch as events can speed up. After the intervention in late April, the spotlight is now back on Japanese officials. Will they intervene at 160.00 again? Or will they lower the…
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Business Travel Resurges with a New Focus on ‘Bleisure’
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The pandemic has put business travel on hold, shifting meetings to virtual platforms like Teams. However, business travel today has not only rebounded, but has surpassed pre-pandemic levels, transforming the industry in unexpected ways. The Meetings, Incentives, Conferences and Exhibitions (MICE) sector is experiencing a significant revival, providing new opportunities…
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Factbox-Patriot in focus amid missile defense system shortage By Reuters
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(Reuters) – As the Ukrainian military suffers from a shortage of missile defense systems amid Russia’s bombing of its energy infrastructure, the focus is on Patriot systems, which have helped Kiev defend itself against attacks. What is the Patriot system? The Phased Tracking Target Interdiction Radar, or PATRIOT, is an…
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South African rand edges lower, focus on president’s cabinet picks By Reuters
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JOHANNESBURG (Reuters) – Shares fell in early trade on Thursday, with investors turning cautious ahead of newly re-elected President Cyril Ramaphosa’s cabinet appointments under a unity government. At 0726 GMT, the rand was trading at 17.9850 against the dollar, down 0.15 percent from its previous close. The local currency rose…
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Bernstein Analysts Revise Bitcoin Target, $200,000 And $1 Million Become Main Focus
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Bernstein analysts Gautam Chhugani and Mahika Sapra recently revised their price targets for Bitcoin in their latest market report, which also initiated coverage on Accurate strategy. These analysts also identified factors that they believe could contribute to the massive rise in Bitcoin prices. Bitcoin will reach $200,000, then $1 million…
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Bernstein Analysts Revise Bitcoin Target, $200,000 And $1 Million Become Main Focus
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Bernstein analysts Gautam Chhugani and Mahika Sapra recently revised their price targets for Bitcoin in their latest market report, which also initiated coverage on Accurate strategy. These analysts also identified factors that they believe could contribute to the massive rise in Bitcoin prices. Bitcoin will reach $200,000, then $1 million…
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Euro fallout remains a focus point before the weekend
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The dollar showed great resilience in trading yesterday, despite setbacks caused by a weak Producer Price Index report and weekly jobless claims data. The strong showing at the 30-year Treasury auction may have highlighted some of the larger flows in the markets, with traders shifting their allocations from Europe to…
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Crypto leaders redirect focus to the UK Labour Party ahead of elections
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As the UK prepares for snap elections on the 4th of July, the cryptocurrency industry is strategically turning its attention towards the Labor Party, led by Keir Starmer. This redirection, as mentioned By Bloomberg It comes amid widespread uncertainty over the future of cryptocurrency regulation in the UK, following Prime…
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Crypto leaders redirect focus to the UK Labour Party ahead of elections
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As the UK prepares for snap elections on the 4th of July, the cryptocurrency industry is strategically turning its attention towards the Labor Party, led by Keir Starmer. This redirection, as mentioned By Bloomberg It comes amid widespread uncertainty over the future of cryptocurrency regulation in the UK, following Prime…
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AI is sole focus at Apple’s annual conference By Reuters
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Written by Aditya Soni and Stephen Nellis (Reuters) – Apple Inc is expected to showcase how it is integrating artificial intelligence across its software suite, including a revamped Siri voice assistant and a potential tie-up with ChatGPT owner OpenAI, at its annual developers conference on Monday. There’s a lot more…
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ATFX Executive Interview – Africa, Regional Expansion in Focus
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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3M hiked to Buy at BofA as new CEO focus on ops, innovation should spur growth (NYSE:MMM)
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Editorial jetcityimage/iStock via Getty Images 3M(New York Stock Exchange: mmm) +1.9% In Friday trading, Bank of America upgraded its shares to buy from Neutral with a price target of $120, up from $105, citing new CEO Bill Brown’s desire to refocus the company on growth and operations. Bank of America…
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Asia FX muted, dollar nurses weekly losses with nonfarm payrolls in focus By Investing.com
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Investing.com — Most Asian currencies moved little on Friday in anticipation of key U.S. jobs data due later in the day, although rising expectations for interest rate cuts had the dollar heading toward a weekly loss. Sentiment towards risk-driven assets improved this week following interest rate cuts from . But…
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Wall Street mixed as Nvidia retreat hits tech stocks; payrolls data in focus By Reuters
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By Lisa Pauline Mattkal and Johan M. Cherian (Reuters) – Wall Street struggled for direction on Thursday as artificial intelligence favorite Nvidia (NASDAQ:) fell after a tech-led rise in the previous session, and investors awaited a key labor market report before the Federal Reserve meets next week to decide on…
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Asian stocks muted before more rate cues; Indian elections in focus By Investing.com
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Investing.com — Most Asian stocks fell on Tuesday, easing recent gains as investors awaited more signals on interest rates this week, while Indian stocks hovered around record levels on bets that the Bharatiya Janata Party would win a third consecutive election term. General year 2024. Regional stocks received moderate signals…
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Dollar stands tall as traders mull Fed outlook; focus on ECB By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar stabilized on Monday, as investors accepted the idea that US inflation may have slowed enough to prompt the Federal Reserve to cut interest rates in 2024, while the euro remained calm ahead of an expected cut from the European Central Bank.…
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Focus on Broader Crypto Adoption with Simplified Transfers
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Mastercard has launched its Mastercard Crypto Credential Program, facilitating the first experimental peer-to-peer (p2p) transactions that simplify and secure blockchain transfers. The latest offering will enable users on Bit2Me, Lirium and Mercado Bitcoin exchanges to send and receive cryptocurrencies using easy-to-remember pseudonyms instead of cumbersome blockchain addresses. This new capability…
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US consumer confidence and housing in focus today
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The US is back from vacation today, and this should put the forex market at full capacity after a period of low trading volumes. This means we could see some bigger flow-driven moves today, especially as we approach the end of the month. Volatility can also rise if there is…
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Australia’s Lendlease exits offshore markets to focus on local growth By Reuters
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Written by Rishav Chatterjee and Ayushmann Ojha (Reuters) – Australian developer Lendlease will divest from its overseas construction business and release up to A$4.5 billion (US$2.9 billion) of capital to shareholders, putting an end to its international ambitions to shift focus on domestic operations. Lendlease said in a statement on…