Category: Markets
-
KKR, GIP lead $25 billion regional infrastructure tie-up, US says By Reuters
•
SINGAPORE (Reuters) – KKR, Global Infrastructure Partners (GIP) and the Indo-Pacific Partnership for Prosperity have formed an alliance to invest $25 billion in infrastructure in the Indo-Pacific region, U.S. Commerce Secretary Gina Raimondo said on Thursday. Raimondo, who was speaking in Singapore, said the investment will include green data centers…
-
XTrade Lost Australia License for Lapses in CFDs Offerings
•
The Australian Financial Market Regulatory Authority has revoked the retail forex and CFDs trading license of issuer XTrade.AU Pty Ltd, trading as XTrade, over a range of lapses. ASIC revokes XTrade’s license Announced today (Thursday), the broker has also moved to the Administrative Appeals Tribunal (AAT) on 29 April 2024…
-
Asia FX advances as rate cut bets put dollar near 2-mth low By Investing.com
•
Investing.com — Most Asian currencies rose on Thursday, tracking dollar weakness as soft employment data continued to flow, raising bets that the Federal Reserve will start cutting interest rates in the coming months. The US currency hovered just above its lowest level in two months, and remained weak as expectations…
-
BOC Cut Its Rates to 4.75% in June and Hinted at Future Rate Cuts
•
As expected, the Bank of Canada (BOC) cut interest rates by 25 basis points to 4.75% in June and became the first G7 bank to cut interest rates in four years. In the official statement, the Bank of Canada explained that preferred measures of core inflation have slowed and that…
-
Boeing CEO to testify before US Senate panel on June 18 By Reuters
•
Written by David Shepardson and Alison Lambert WASHINGTON (Reuters) – Boeing (NYSE:) CEO Dave Calhoun will testify before a U.S. Senate committee on June 18 after a series of accidents raised safety and quality concerns and prompted regulators to cap the planemaker’s production of its best-selling planes. 737. The highest.…
-
Paxos Launches Yield-Bearing Stablecoin in Argentina in Partnership with Crypto Platforms
•
Navigating the present and future of IBs in South Africa | Fmas:24 Navigating the present and future of IBs in South Africa | Fmas:24 Navigating the present and future of IBs in South Africa | Fmas:24 Navigating the present and future of IBs in South Africa | Fmas:24 Navigating the…
-
Indonesia central bank to continue intervention to stabilise rupiah By Reuters
•
Written by Stefano Soliman JAKARTA (Reuters) – Indonesia’s central bank will continue to intervene in the foreign exchange market to stabilize the rupiah, the governor said on Wednesday, adding that the currency will strengthen next year. The rupee recovered some of its losses on Wednesday to reach $16,265 by 0603…
-
Walmart offers bonus program to about 700,000 hourly US store workers By Reuters
•
Written by Siddharth Kavali BENTONVILLE, Arkansas (Reuters) – Walmart Inc will pay bonuses to hourly workers at its U.S. stores, including those at pharmacies and Vision Center stores, the retailer said on Wednesday, in a move that could boost wages for 700,000 front-line employees. Both part-time and full-time associates will…
-
AMF Ombudsman’s 2023 Report Highlights 60% Surge in Crypto Disputes
•
Navigating the present and future of IBs in South Africa | Fmas:24 Navigating the present and future of IBs in South Africa | Fmas:24 Navigating the present and future of IBs in South Africa | Fmas:24 Navigating the present and future of IBs in South Africa | Fmas:24 Navigating the…
-
Canadian dollar outlook dims on expected interest rate divergence By Reuters
•
By Fergal Smith TORONTO (Reuters) – A Reuters poll showed that the Canadian dollar is set to rise less than previously expected over the next year if the Bank of Canada begins cutting interest rates before the Federal Reserve (US central bank) and the US election raises uncertainty. Concerning global…
-
Australia’s GDP Grew Slower Than Expected in Q1 2024
•
The Australian economy grew by 0.1% q/q in the first quarter of 2024, slower than the 0.3% q/q rise in the previous quarter and the 0.2% q/q increase that markets had expected. Overall, there was weak domestic demand as increased consumer spending was offset by a decline in aggregate investment.…
-
EURUSD sellers make a play on a move below the 100 hour MA. Can the 200 hour MA be broken?
•
EUR/USD fell after stronger than expected ISM non-manufacturing data. After holding support against the 100 hourly moving average at 1.08627, sellers have now pushed the price below this moving average. The 200 hourly moving average is now the next target at 1.08535. The 50% move up from the end of…
-
US Legislators Rally Behind Binance’s Executive Detained in Nigeria
•
US lawmakers have accused Nigeria of holding a Binance executive hostage. Bloomberg reported that lawmakers called on President Joe Biden to intervene and secure the executive’s release. In a recent letter, sixteen Republican members of Congress, led by Michael McCaul, Chairman of the House Foreign Affairs Committee, urged President Biden…
-
Dollar edges up ahead of key data, Bank of Canada policy meeting By Reuters
•
Written by Stefano Ribaudo (Reuters) – The dollar rose ahead of key U.S. economic data on Wednesday, with investors also awaiting a monetary policy meeting in Canada that could trigger a cycle of interest rate cuts. Investors are awaiting US services data on Wednesday, and more jobs numbers later in…
-
How to Make Consistent Profits in a Random Trading Environment
•
With market sentiment changing dramatically these days, it is important to make sure that you are able to adjust your forex trading strategy. As you can see, being profitable over the long term requires you to be able to adapt to ever-changing market conditions. Have you ever stopped to think…
-
Futures edge higher as rate-cut bets tick up; key data awaited By Reuters
•
(Reuters) – US stock index futures rose on Wednesday as investors increased their bets on an earlier start to interest rate cuts by the Federal Reserve (the US central bank) this year than previously expected, after a series of economic data that indicated a slowdown in growth. Economic. Wall Street…
-
Launches of FX NDF Trading in Asia Pacific
•
SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule…
-
Crypto Markets Add $80 Billion Daily as Bitcoin (BTC) Explodes to $71K (Market Watch)
•
After failing to overcome the $70,000 level on Monday, Bitcoin went on the offensive in the last few hours and rose past that level and reached a multi-week peak of over $71,250. Altcoins have also turned green, with huge gains from the likes of Binance Coin, Toncoin, Shiba Inu, Uniswap…
-
Dollar bounces off tow-month lows; ECB seen cutting rates this week By Investing.com
•
Investing.com – The US dollar rose in early European trade on Wednesday, rebounding from two-month lows before more clues on future monetary policy emerged. At 03:40 EDT (08:40 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.2% to 104.265, after falling…