Category: Markets
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Communications, Consumer Duty, and the FCA
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Regulatory compliance is a cornerstone of credibility and operational integrity for financial services. At Finalto, Klelia Orphanidou leads these efforts as the B2B Head of Regulatory Compliance. With her extensive expertise, she provides a clear roadmap through the complex regulatory landscape that must be navigated as a financial institution. In…
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Dollar slips lower ahead of Fed meeting, CPI data By Investing.com
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Investing.com – The US dollar fell on Wednesday, pulling back after hitting a four-week high overnight before the conclusion of the Federal Reserve’s latest policy meeting. At 04:10 ET (08:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.4% at 104.775,…
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Chart Art: GBP/AUD’s Pullback From an Uptrend
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The GBP/AUD pair is struggling to find direction after hitting technical resistance late last week. In case you missed it, the release of the US Non-Farm Payrolls report on Friday caused a spike in volatility among the major currencies of the US Dollar. Among volatile currencies, the British pound outperformed…
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Crude Oil Technical Analysis – Strong comeback supported by the US NFP report
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Basic overview Despite OPEC+’s recent extension of voluntary production cuts, crude oil was sold off as the price broke support in the May range. However, the decline may only be technical as it gained bearish momentum on the breakout. The price eventually bottomed around the $73 area and erased all…
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Thousands of Amazon Flex drivers file arbitration claims for misclassification as contractors By Reuters
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(Reuters) – Thousands of Amazon.com (NASDAQ:) Flex (NASDAQ:) drivers filed arbitration claims on Tuesday, alleging they were misclassified as independent contractors rather than employees, the lawyer representing the drivers told Reuters. About 15,800 drivers have filed arbitration claims with the American Arbitration Association, seeking compensation from Amazon for unpaid wages,…
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Trade.com Launches Prop Trading under a Cyprus-Based Entity
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Traders in Wait-and-See Mode Before US CPI, Fed: Markets Wrap
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(Bloomberg) — European stock futures rose while Asian shares fell, as the double whammy of an upcoming U.S. inflation report and a Federal Reserve decision kept traders on edge. Most read from Bloomberg Hong Kong’s stock index fell more than 1%, with auto stocks leading the decline ahead of the…
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Asia FX steadies, dollar flat as CPI, Fed meeting approach By Investing.com
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Investing.com — Most Asian currencies were marginally lower on Wednesday, while the dollar held steady as traders retreated in the face of a barrage of signals on US interest rates from the Federal Reserve and headline inflation data. Sentiment towards Asia was affected by fears of renewed trade tensions between…
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Daily Broad Market Recap – June 11, 2024
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It was a choppy day for most asset classes, with Treasury and Bitcoin yields falling while commodities and stocks largely rebounded later. However, the safe-haven US dollar managed to keep its head afloat, despite some risk flows in the latter part of the New York session. Read on to find…
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UK monthly GDP on the agenda in the session ahead
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Markets are in a more hesitant mood so far today and that is understandable. It will be a busy day in US trading, so there won’t be much conviction at least in European trading. All eyes will be on the main events later, which are the US CPI report and…
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Asian stocks sink as rate jitters mount ahead of CPI data, Fed By Investing.com
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Investing.com — Asian stocks mostly fell on Wednesday on anticipation of more signals on inflation and the Federal Reserve, while reports of more US trade scrutiny against China also weighed on sentiment. Regional stocks received a few positive signals from record closing levels in the and , which were mainly…
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Ripple Finalizes Acquisition of Standard Custody, Appoints CEO as SVP for Stablecoins
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Mexican peso struggles amid President-elect’s reform plans By Investing.com
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Investing.com – The Mexican peso faced pressure as it approached a recent peak of 18.60 in overnight trade in Asia. The move comes after Mexico’s president-elect, Claudia Sheinbaum, announced that judicial reform would be an early topic of the new congress in September. The peso has already weakened by 8%…
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US stock futures steady after AI rally; Fed rate decision, CPI on tap By Investing.com
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Investing.com — U.S. stock index futures were flat in afternoon trade Tuesday after an artificial intelligence-fueled rally put Wall Street at new highs, with focus turning to the Federal Reserve and upcoming inflation data. The hype around AI remained a major support point for the markets after Apple Inc (NASDAQ:)…
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FP Markets Slashes Spreads on Gold, Major Forex Pairs, and Equity Indices
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US investors are losing control of the dollar
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Investing.com – US investors are losing control of their currency, according to Bank of America Securities, with increased foreign demand the main driver. At 10:40 EST (14:40 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 105,000, but was still…
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Oil – private survey of inventory shows a larger headline crude oil draw than was expected
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Via Oilprice.com: — The expectations I saw focused on: Main crude -1.05 million barrels Distillates +1.6 million barrels Gasoline +0.9 million — This data point is from a special survey conducted by the American Petroleum Institute (API). It is a study of oil storage facilities and companies The official report…
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Exclusive-MediaTek designs Arm-based chip for Microsoft’s AI laptops, say sources By Reuters
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Written by Max A. Cherny TAIPEI/SAN FRANCISCO (Reuters) – Taiwanese chip design giant MediaTek is developing an Arm-based personal computer chip that will power Microsoft Corp’s (NASDAQ:) Windows operating system, according to three people familiar with the matter. Last month, Microsoft unveiled a new generation of laptops featuring chips designed…
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Dollar hits four-week high before Wednesday’s inflation report By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar hit a four-week high on Tuesday ahead of an upcoming inflation report that is likely to influence the timing of the Federal Reserve’s first interest rate cut, while the euro came under pressure due to political uncertainty. In the region.…