Category: Markets
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Asia FX weakens as dollar recovers amid waning rate cut cheer By Investing.com
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Investing.com — Most Asian currencies fell on Friday as the dollar regained some of recent losses after a series of Federal Reserve officials warned that bets on interest rate cuts may be premature. While the dollar is still on track to post some weekly losses, it was trading well above…
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Forexlive Americas FX news wrap 17 May.The price of the DXY index closes below its 100W MA
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The British pound ended the US session as the strongest of the major currencies today. The Swiss franc is the weakest. The US dollar ended the day mixed with gains against the Japanese yen and Swiss franc and losses against the British pound, Australian dollar and New Zealand dollar. The…
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US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban By Reuters
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory or political events.…
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Visa Unveils a Futuristic Wallet
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The physical wallet—that bulky wallet that was once overflowing with receipts, loyalty cards, and the occasional crumbled fives—is now on its last legs. Visa recently unveiled a host of new technologies It points to a future in which payments are not only contactless, but contextual and seamlessly woven into the…
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Dollar decline pauses, markets eye April core PCE data By Investing.com
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The recent downtrend of the US dollar has halted, in line with the forecasts of financial institution ING. Analysts noted that US economic data did not provide enough momentum to push the dollar significantly lower at this time. This comes after unemployment claims fell to 222,000 from the previous week’s…
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Are we in a human-intelligence bubble?
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You can make a strong case that humanity’s main preoccupation over the past two hundred years has been improving education in general. It worked. Despite all the idiots you encounter on the Internet, the data is indisputable. Increases in IQ test scores have been continuous and nearly linear from the…
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Germany stocks lower at close of trade; DAX down 0.17% By Investing.com
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Investing.com – German stocks fell after the close on Friday, as losses in stocks and sectors dragged stocks lower. At the end of trading in Frankfurt, the index fell by 0.17%, while the index lost 0.30%, and the index lost 0.46%. The best performers of the session were Commerzbank AG…
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How Tech is Cracking Open Traditional Finance
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The bank of the future is not a shiny marble edifice guarded by stoic tellers. It’s a constellation of ones and zeros, algorithms whirring in server farms, and data flows like invisible rivers of commerce. The digital revolution is sweeping the world of finance, and the risks are high. This…
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Dollar steadies, but on track for sharp weekly loss By Investing.com
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Investing.com – The U.S. dollar rose in European trade on Friday, but was on track for a big weekly decline after slowing inflation and weak retail sales led to a renewed focus on Federal Reserve interest rate cuts. At 04:10 EDT (08:10 GMT), the dollar index, which tracks the greenback…
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US Leading Economic Index (LEI) M/M -0.6% vs. -0.3% expected
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US LEI -0.6% vs -0.3% expected and -0.3% previous. “Another decline in US LEIs confirms that softer economic conditions lie ahead,” said Justyna Zabinska-La Monica, senior director of business cycle indicators at The Conference Board. “Deteriorating consumer expectations about business conditions, weak new orders, a negative yield spread, and a…
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European equities witness biggest weekly inflow in more than a year By Investing.com
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Stocks and bonds made up the bulk of flows last week, with European equity funds seeing their largest inflow since February 2023, Bank of America said in a note on Friday. Stock funds attracted $11.9 billion, bonds $11.7 billion, while $3.7 billion exited money market funds, based on EPFR Global…
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European equities witness biggest weekly inflow in more than a year By Investing.com
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Stocks and bonds made up the bulk of flows last week, with European equity funds seeing their largest inflow since February 2023, Bank of America said in a note on Friday. Stock funds attracted $11.9 billion, bonds $11.7 billion, while $3.7 billion exited money market funds, based on EPFR Global…
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B2Broker Opens a Third Office in Dubai, Improving Presence in The World’s Innovation Hub
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B2Broker It recently opened a new office in Dubai, UAE, its third workspace in the global hub for finance, digitalization and innovation. The company will welcome partners and clients to Emirates Financial Towers, a location that provides unparalleled access to potential investors and clients, opening new opportunities for growth and…
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Dollar selling “looks exaggerated” – HSBC By Investing.com
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Investing.com – The US dollar is on track for a big weekly decline amid renewed dovish hopes for the Federal Reserve, but this sell-off “appears overdone,” according to HSBC. At 05:25 EDT (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was trading…
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Fed minutes the big one to watch on the economic calendar next week
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And on days when we don’t get any big data, it can be a bit slow and uninspiring. So far today, we are at least seeing the dollar making a nice push higher. This has been helped by Treasury yields maintaining a bounce at a key technical juncture as noted…
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Here’s what Citi, Piper Sandler analysts expect to see By Investing.com
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Nvidia (NASDAQ:) is scheduled to report its fiscal first-quarter 2025 earnings after the closing bell on Wednesday, May 22. Investors will primarily focus on growth trends in Nvidia’s data center segment and any updates to the recently announced Blackwell platform. Wall Street analysts expect Nvidia’s revenue to reach $24.65 billion…
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XM Eyes Opportunities at FMAS:24 – Interview with Marios Christodoulou
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Finance Magnates spoke with Marios Christodoulou, Business Development Officer at XM for his deep understanding and insight on Africa and the company’s goals in the region ahead of FMAS:24. Are you excited about FMAS:24 and how do you feel your company can directly benefit from attending an event like this…
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ING anticipates EUR/GBP rise as BoE rate cut bets increase By Investing.com
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Broker ING flagged potential downside risks for the British pound, noting the currency’s recent decline from its peak against the euro. The sensitivity of the pound to the performance of US stocks has been highlighted as a contributing factor to its movement. The company also noted a decline in the…
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Daily Broad Market Recap – May 16, 2024
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While the US dollar was able to establish some direction for the better part of the day, the price action was a complete mess relative to the rest of the asset classes. Treasury yields were off to a rocky start before rising steadily while Bitcoin rose and then reversed. The…
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Markets in a more pensive mood going into the final stretch of the week
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I will continue to hold that in the bond market for the most part. 10-year Treasury yields are holding at the 200-day moving average, which is now expected to be close to 4.37%. The lowest level reached 4.31% yesterday during the delivery process from Asia to Europe. Daily chart of…