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Category: Finance Tech


Capital, Enterprise, Finance Tech, Industries

Adani’s market losses top $100 billion as shelved share sale spooks investors

February 2, 2023

Via: Investing.com

Adani Group’s market losses swelled to more than $100 billion on Thursday, sparking worries about their potential systemic impact, a day after its flagship company abandoned a $2.5 billion stock offering. The withdrawal of Adani Enterprises’ share sale marks a […]


Finance Tech, Liquidity

Gold Treads Water Ahead of a Cascade of Central Bank Hikes. Where to for XAU/USD?

February 1, 2023

Via: DailyFX

Gold had a look lower at the US$ 1,900 handle in the US session but quickly recovered back above US$ 1,925. At the same time, the DXY Index, a benchmark measure of the US Dollar, moved to higher ground before […]


Finance Tech, Liquidity

Australian Dollar Price Action Setups: AUD/USD, AUD/JPY, GBP/AUD, AUD/NZD

February 1, 2023

Via: DailyFX

The Australian Dollar remains pointed higher against the US Dollar with prices continuing to trade within a bearish Rising Wedge. Over the past 24 hours, AUD/USD was unable to hold a drop through the 0.7009 inflection point, leaving behind a […]


Finance Tech, Trading

The massive ChatGPT craze has reached Asia, lifting some Chinese AI stocks up to 60% in just a few weeks

February 1, 2023

Via: Markets Insider

Chinese artificial intelligence (AI) stocks are surging as a wave of ChatGPT hype fans investor enthusiasm toward competitors. Some AI stocks jumped more than 10% Wednesday, and are in the midst of a rally that has seen others increase their […]


Finance Tech, Liquidity

Australian Dollar Skips a Beat on Chinese PMI and Domestic Data. Where to for AUD/USD?

January 31, 2023

Via: DailyFX

The Australian Dollar recalibrated after Chinese PMI showed signs of an economic recovery which followed domestic data that revealed an easing of conditions. Chinese manufacturing PMI for January printed in line with expectations at 50.1 and the non-manufacturing read came […]


Finance Tech, Liquidity

Gold Price Outlook: XAU/USD Bulls Tamed by Psychological Resistance

January 30, 2023

Via: DailyFX

Gold prices are trading over 6% higher for the month of January, driving XAU/USD into a barrier of resistance at $1,950. Throughout last week, the same psychological level that limited the upside move came into play after gold opened the […]


Finance Tech, Liquidity

US Dollar Poised Ahead of Fed as China Returns. Where to for USD?

January 30, 2023

Via: DailyFX

The US Dollar continues to tread water to start the week ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday. The market is anticipating a 25 basis point (bp) lift in the target rate. Friday’s PCE inflation data […]


Finance Tech, Liquidity

Gold Holds the High Ground as US Dollar Languishes. Where to for XAU/USD?

January 25, 2023

Via: DailyFX

Gold traded above US$ 1,942 overnight and continues to trade just below that level today as markets fret over the health of the US economy. Disappointing PMI data appeared to lead to market perceptions that the Fed night is not […]


Finance Tech, Liquidity

Silver Price Outlook: XAG/USD Relief Rally Buoyed by Dollar Weakness

January 24, 2023

Via: DailyFX

Silver prices have bounced back after a brutal setback that resulted in a 1.59% decline yesterday. With the futures contract currently recovering over 1.00% of those losses, USD weakness ahead of this week’s GDP and inflation data has limited losses. […]


Finance Tech, Mobile Banking & Payments

How do prepayment meters work and why is there a crackdown on them?

January 23, 2023

Via: Sky News

The regulator has said it will take legal action against any supplier that forces customers onto a prepayment meter and the government is issuing firms with a “cease and desist” order. It comes as courts are overwhelmed with warrant requests […]


Finance Tech, Liquidity

Bitcoin’s 2023 rally gathers steam as cryptocurrency briefly tops $23,000

January 23, 2023

Via: CNBC

Bitcoin rose further over the weekend, as traders took news of another crypto bankruptcy in their stride and placed bets on a Federal Reserve “pivot” to cutting interest rates. The price of the No. 1 token briefly topped $23,000 for […]


Finance Tech, Liquidity

AUD/USD Forecast: Higher Australian Inflation Expectations Keep Aussie Bid

January 23, 2023

Via: DailyFX

The pro-growth Australian dollar did not react to rising COVID death statistics released on Saturday by the Chinese Centre for Disease Control and Prevention showing markets focus on the upcoming Australian CPI report on Wednesday and a weaker USD – […]


Finance Tech, Liquidity

GBP/USD Slips But Remains Well Bid On Interest Rate Bets

January 19, 2023

Via: DailyFX

Sterling bulls still have December’s six-month highs against the United States Dollar firmly in their sights on Thursday, but a London morning of scant domestic economic news may be hampering their will to try it again in the near term. […]


Finance Tech, Liquidity

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY

January 19, 2023

Via: DailyFX

US Dollar bears have continued to punch and yesterday brought another fresh seven-month low into the mix after the release of PPI data earlier in the session. US data continues to slowdown, and this brings questions around the Fed’s rate […]


Finance Tech, Liquidity

Breaking News: Pound Bid After Core Inflation Beat, 50bps Secured?

January 18, 2023

Via: DailyFX

The British pound received support this morning after a mixed bag of inflation data. Headline inflation in the UK declined in line with expectations to 10.5% (see economic calendar below) while beat estimates likely due to labor shortages. The core […]


Finance Tech, Trading

U.S. stocks are falling after Goldman’s earnings miss weighs on Dow

January 17, 2023

Via: Investing.com

U.S. stocks are falling to start a new week after Goldman Sachs posted worse-than-expected quarterly results on rising costs and a slump in deal activity. At 11:19 ET (16:19 GMT), the Dow Jones Industrial Average was down 377 points or […]


Finance Tech, Liquidity

Japanese Yen Slides Ahead of BoJ While Chinese Data was Digested. Where to for USD/JPY?

January 17, 2023

Via: DailyFX

The Japanese Yen slipped lower today ahead of the Bank of Japan’s monetary policy decision tomorrow. The Nikkei 225 equity index found higher ground with the central bank decision appearing to be in the balance after a perceived tightening at […]


Finance Tech, Liquidity

GBP/USD Gains On US Inflation, Surprise Sign of UK Growth

January 13, 2023

Via: DailyFX

The British Pound rose against the US Dollar on Friday following more benign inflation data out of the world’s largest economy and some surprise growth at home. US price rises eased for a sixth straight month in December according to […]


Finance Tech, Liquidity

Gold Eyes New Highs Ahead of US CPI as Fed Preps for Hikes. Where to for XAU/USD?

January 11, 2023

Via: DailyFX

Gold made an eight-month high overnight despite the US Dollar gaining against most currencies. The US 10-year real yield dipped under 1.35% today as it continues to slide from the late December peak above 1.6%. The real yield is the […]


Finance Tech, Liquidity

EUR/GBP Forecast: Euro Takes Centre Stage Via ECB Speakers

January 11, 2023

Via: DailyFX

The euro extended yesterday’s gains against the British pound through ECB officials beginning yesterday. The hawkish narrative was reinforced by one of the more aggressive officials in Isabel Schnabel while today’s addresses included the ECB’s Villeroy who stated the need […]