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Category: Finance Tech


Finance Tech, Trading

FTX customers who lost a fortune on the bankrupt exchange are doubling down on crypto

October 2, 2023

Via: CNBC

FTX’s multibillion-dollar cryptocurrency blowup hasn’t destroyed all faith in the industry. In a new documentary premiering Monday, FTX customers, insiders and investors tell CNBC that despite not receiving a single dollar’s worth of cryptocurrency back, they’re optimistic on the industry […]


Finance Tech, Trading

Bitcoin & Ethereum Jump: BTC/USD & ETH/USD Price Action

October 2, 2023

Via: DailyFX

Bitcoin’s rise to a minor resistance at the mid-September high of 27500 raises the odds that the two-month-long decline could be over. This follows a hold above strong support at the June low of 24750, which has kept intact the […]


Finance Tech, Liquidity

Euro Forecast: EUR/USD Sinks to Support, Hangs on For Dear Life, EUR/GBP Stuck

October 2, 2023

Via: DailyFX

EUR/USD fell sharply on Monday, weighed by broad-based U.S. dollar strength amid soaring U.S. Treasury yields, with the 10-year note pushing above 4.65% and hovering near its highest level since 2007. In this context, the pair sank about 0.5% in […]


Finance Tech, Mobile Banking & Payments

Deluxe to offer direct-biller payment services

September 28, 2023

Via: Payments Dive

Deluxe’s collaboration with Aliaswire marks its continued transition from checks to digital payments. In 2021, Deluxe CEO Barry McCarthy noted that the check division comprised about a third of the business. In July 2022, McCarthy said he anticipated the company’s […]


Finance Tech, Liquidity

Oil prices surge on tight supplies, China optimism; WTI at 1-yr high

September 27, 2023

Via: Investing.com

Oil prices rose sharply in Asian trade on Thursday, with U.S. crude futures hitting an over one-year high on continued signs of tighter supply, while positive data from China also aided sentiment. The signals helped markets largely look past concerns […]


Finance Tech, Trading

Stocks making the biggest moves in premarket trading: AstraZeneca, Paramount, Nike and more

September 25, 2023

Via: CNBC

AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy from hold. The upgrade comes after one of its breast cancer therapies, in joint development with Daiichi Sankyo, came out with positive results in a late-stage trial on […]


Finance Tech, Trading

Congressional committee passes bill to thwart CBDC

September 25, 2023

Via: Payments Dive

The House Financial Services Committee last week passed a bill that would stop the Federal Reserve from working on a central bank digital currency, giving the full House a chance to consider the legislation. The legislation would amend the Federal […]


Finance Tech, Liquidity

Gold Price Extend Losses in the Aftermath of the Fed, XAU/USD Upside Bets Grow

September 22, 2023

Via: DailyFX

Gold prices fell about -0.6 percent over the past 24 hours as financial markets continued digesting the aftermath and implications of the Federal Reserve interest rate decision. In response, retail traders have increased bullish exposure in the precious metal. This […]


Finance Tech, Trading

Stocks making the biggest moves midday: Splunk, Cisco, Broadcom, Fox and more

September 21, 2023

Via: CNBC

Cisco Systems, Splunk — Shares of Cisco fell 3.9% Thursday after the company said it is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion. Splunk’s stock price popped 19.1% on news […]


Finance Tech, Trading

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Sep 14, 2023 10:00 GMT when France 40 traded near 7,344.90.

September 21, 2023

Via: DailyFX

France 40: Retail trader data shows 50.49% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Sep 14 when France 40 traded near 7,344.90, price has […]


Finance Tech, Trading

Stocks making the biggest moves midday: Instacart, Disney, Planet Fitness, Rackspace and more

September 19, 2023

Via: CNBC

Starbucks — Shares fell 2% in midday trading following a downgrade to market perform from TD Cowen. Analyst Andrew Charles noted concern over macroeconomic headwinds in China that could hit consumer spending at Starbucks stores. Instacart — The grocery delivery […]


Finance Tech, Liquidity

GBP Price Action Setups: GBP/USD, GBP/AUD on the Back Foot Ahead of Massive Week

September 15, 2023

Via: DailyFX

GBP has faced selling pressure this week weighed down in part by GDP data, with an increase in total earnings unable to arrest the slide. Now obviously there was some mitigating effects on the recently released data which may blur […]


Finance Tech, Liquidity

XAU/USD Price Forecast: US PPI & Retail Sales Could Push Gold to $1900

September 14, 2023

Via: DailyFX

Gold prices remain under pressure this Thursday after yesterday’s US CPI report showed elevated headline inflation despite a softer core inflation read. This translates through to sustained tight monetary policy by the Federal Reserve. Energy was the primary contributor to […]


Finance Tech, Liquidity

Australian Dollar Holds Early Gains After Jobs Beat; Is AUD/USD Forming a Base?

September 14, 2023

Via: DailyFX

The Australian dollar held early Asia gains against the US dollar after the Australian economy created more jobs than expected last month. The Australian economy created 64.9k jobs in August, compared with forecasts for a gain of 23k, following job […]


Capital, Finance Tech

Bank stocks have come to life recently. But Jim Cramer explains why the rally may not last

September 13, 2023

Via: CNBC

KeyCorp (KEY) reiterated its financials Tuesday, sending its shares higher — a rally that’s been seen in the wider financial sector recently. The stock, however, edged lower after Wednesday’s open on Wall Street. That’s because, according to Jim Cramer, investors […]


Finance Tech, Liquidity

GBP/USD Price Forecast: Anticipation Ramps Up for Pound Traders

September 11, 2023

Via: DailyFX

The British pound has started the week on the front foot as the US dollar softened but with key US economic data scheduled this week (see economic calendar below), the downside may be temporary. Markets will be focused on US […]


Finance Tech, Liquidity

Gold Price Update: Unchallenged US Dollar Set to Weigh on Gold Upside

September 8, 2023

Via: DailyFX

Gold continues to reflect a considerable negative correlation with USD and US treasury bond yields in a week that may pose little challenge to the greenback’s recent gains. A hotter services PMI print alluded to the continuing momentum of the […]


Finance Tech, Trading

U.S. stocks are rising but head for down week as interest rate fears rise

September 8, 2023

Via: Investing.com

U.S. stocks are rising but still headed for a down week on renewed concerns about the future path of the Federal Reserve’s interest rates. At 10:50 ET (14:50 GMT), the Dow Jones Industrial Average was up 86 points or 0.2%, […]


Liquidity

Gold Price Outlook Hinges on Key US Inflation Data, XAU/USD on Breakdown Watch

September 7, 2023

Via: DailyFX

Gold prices (XAU/USD) struggled for direction on Thursday, moving between small gains and losses near the $1,920 level, in a session characterized by limited volatility in the precious metal space amid modest U.S. dollar strength and subdued Treasury yields ahead […]


Finance Tech, Trading

S&P 500 Outlook: Can NFP Propel US Stocks Back to Yearly Highs?

September 1, 2023

Via: DailyFX

The top 500 US stocks ranked by market capitalization have partially recovered one of the deepest pullback seen during the current bull market. Rising risk-free rates (US treasuries) at a time when inflation has declined, has resulted in higher US […]