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Tag: Featured


Industries, Others

Nationwide: UK house prices fall for the fifth consecutive month

February 1, 2023

Via: MoneyWeek

The property market’s slowdown continued into 2023 as house prices fell for the fifth month in a row, according to Nationwide’s latest house price index. House price growth slowed to 1.1% in January from 2.8% in December. Prices fell 0.6% […]


News

IMF upgrades outlook for the global economy in 2023

January 31, 2023

Via: NBC News

The outlook for the global economy is growing slightly brighter as China eases its zero-Covid policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s the view […]


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 […]


Education, Industries

Education Department report reveals snags in student loan programs

January 30, 2023

Via: Education Dive

The report reveals which groups of borrowers are most struggling to navigate the federal student loan system and where they are hitting snags. Of the nearly 90,000 complaints borrowers lodged about federal student aid, 57% centered on issues with loans. […]


Industries, Others

Pub chain issues rallying cry to hospitality industry over tax ‘disparity’

January 25, 2023

Via: Sky News

JD Wetherspoon’s chairman, Tim Martin, has long-complained about supermarkets’ treatment when it comes to the payment of Value Added Tax (VAT), saying it gives them an unfair advantage – particularly at a time when the hospitality sector is struggling to […]


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. […]


Enterprise, Industries

Microsoft Earnings Likely Slid Amid Economic Concerns

January 24, 2023

Via: The Wall Street Journal

Microsoft Corp. likely recorded its slowest sales growth in more than six years last quarter as economic concerns cooled demand for its software and cloud services. The Redmond, Wash., company’s revenue growth is expected to slow to less than 3% […]


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

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. […]


News

The worst is not yet over for consumers despite peaked inflation

January 18, 2023

Via: Sky News

A second consecutive monthly fall from October’s high of 11.1% suggests price rises may have peaked and the descent towards less corrosive rates, perhaps below 6% by the middle of the year, has begun. Some of this will be down […]


Energy, Industries

Crude Oil Testing Multi-Week Resistance on Positive Chinese Outlook

January 18, 2023

Via: DailyFX

China yesterday reported better-than-expected December growth figures, fueling thoughts that one of the world’s largest growth engines may be moving into a higher gear. While the data was still sharply lower than the prior quarters, GDP, retail sales, and industrial […]


News

Data reveals jobs market tipping point that will worry ministers as much as employers

January 17, 2023

Via: Sky News

Average pay rose 6.4% in the three months to November, the strongest growth in 20 years excluding the pandemic period, but there’s a chasm between public and private earnings. Private sector settlements ran at 7.2%, the upward pressure driven largely […]


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 […]


Enterprise, Industries

Bayer shares gain on prospect of second activist pushing for change

January 11, 2023

Via: Investing.com

Bayer is facing demands from activist investor Bluebell Capital Partners to break up, a person familiar with the matter told Reuters, pushing shares in the diversified health and agriculture group to a five-week high. The source said Bluebell had invested […]


Enterprise, Industries

Virgin Orbit shares crash after failure of first UK space launch

January 10, 2023

Via: Sky News

Stocks fell in value from $2.01 (£1.65) at the close of trading on Monday night, to $1.50 (£1.23) when US markets opened on Tuesday morning, loosing more than 50 cent off the price of a share. The eagerly anticipated mission, […]


Capital, Finance Tech

Microsoft is reportedly in talks to pump in $10 billion into OpenAI — the owner of ChatGPT — valuing the company at $29 billion

January 10, 2023

Via: Markets Insider

Tech giant Microsoft is in talks to invest about $10 billion into OpenAI, the owner of the popular ChatGPT chatbot, per a Semafor report on Tuesday, which cited people familiar with the matter. The investment would value OpenAI at about […]


Finance Tech, Liquidity

Gold, Silver Technical Forecast: Gold’s Rapid Rise Meets Resistance, Silver Cools

January 9, 2023

Via: DailyFX

DATA-INDUCED MARKET REPRICING SETS USD ON A LOWER PATH (BUOYS GOLD) While this report’s focus leans more heavily on the technical analysis, it is only prudent to take into account the effect of recent dollar and Fed funds rate repricing […]


Industries, Others

Germany Industrial Production Rises In November

January 9, 2023

Via: Markets Insider

Germany industrial production recovered at a faster than expected pace in November, official data revealed Monday. Industrial output grew 0.2 percent from October, when output was down by revised 0.4 percent, Destatis reported. Production was expected to gain 0.1 percent. […]