Tag: Featured

December 1, 2023

USD/CAD prices have reached a key inflection point with a possible upside reversal looming. Canadian employment and Fed speak crucial for short-term guidance. Read More on DailyFX

November 29, 2023

Inflation in Germany dropped to 3.2% compared to November 2022 and represented a further decline from October’s 3.8% year-on-year print. More notably, the month-on-month decline was 0.4% and sharper than the -0.2 estimate. EU inflation data is due tomorrow with […]

November 29, 2023

While USD/JPY has been on a major bullish run since the beginning of the year, it has trended lower in recent days following several unsuccessful attempts at clearing overhead resistance in the 152.00 region. After the latest pullback, which has […]

November 29, 2023

Oil prices are enjoying a second successive day of gains, up around 1.5% at the time of writing. A lot of the optimism stems from the idea that OPEC+ will announce additional cut at tomorrow’s virtual meeting despite rumors that […]

November 28, 2023

EUR/USD is currently testing the 21 November high and continues to trade above the 200-day simple moving average (SMA). The bullish run may face another test in the form of US GDP data (second estimate) later this week after estimates […]

November 27, 2023

As convenience stores increasingly compete with restaurants and grocers, the industry is seeing a stronger need to “step up their game in setting themselves apart from their competitors,” according to Incisiv’s report. Part of that is a matter of aesthetics, […]

November 21, 2023

American voters across party lines support more funding to bolster security at the southern border, while support for foreign countries embroiled in conflicts exposes stark partisan divides, according to the latest NBC News national poll. The survey finds roughly 3 […]

November 21, 2023

Mastercard’s entrance into China’s domestic market will further reveal whether that gigantic consumer market is a huge win for U.S.-based card companies, or an ultimate loss. Mastercard said Monday that its Mastercard NUCC Information Technology joint venture with a Chinese […]

November 21, 2023

Nearly 128 million U.S. workers — about 70% of the entire US workforce — could stand to benefit from apprenticeships and on-the-job learning opportunities, opening up a key cohort of trained workers for employers, according to a Nov. 13 report […]

November 20, 2023

Investment platform Freetrade, known for letting users trade shares from their phone, has launched a collection of easy-access exchange traded funds (ETF) that track the overnight interbank rate in the UK and US. The Cash Investments ETFs seek to track […]

November 20, 2023

Ethereum (ETH) is witnessing a price breakout on the back of increasing institutional interest in the second-largest cryptocurrency behind Bitcoin (BTC) by market cap. The increased bullish sentiment pushed Ether price up by 26.2% in 30-days. The fact that ETH […]

November 17, 2023

The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in crypto outside of Bitcoin (BTC). In 2020, the DeFi sector experienced a bull market that saw the total value locked (TVL) in decentralized finance […]

November 16, 2023

Delayed and current EIA data for the week ending the 3rd and 10th of November revealed massive increases in crude storage, weighing heavily on the price. Deteriorating economic data has illuminated the path for lower oil prices but the recent […]

November 15, 2023

US retail sales broke its run of six consecutive positive prints in October, dropping 0.1% in the month of October compared to September. In addition, September’s number was revised higher from +0.7% to +0.9%. Retail sales has contributed to the […]

November 15, 2023

Inflation has dropped to 4.6% which means the chancellor and prime minister can claim victory in one of their five pledges – the one to halve inflation by the end of the year. True, there’s still a few months of […]

November 13, 2023

The European Union has taken another step toward creating a digital wallet linked to a user’s identity, according to a press release last Wednesday. The European Parliament and the Council of the EU reached a final agreement on a regulation […]

November 10, 2023

Federal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank was not confident that the current monetary policy was restrictive enough to bring inflation down to target (2%). […]

November 8, 2023

The American Petroleum Institute (API) reported a sizable rise in US crude stocks for the week ending 3 November. The inventory build has weighed on oil prices which have already suffered amid the prospect of a continued growth slowdown in […]

November 8, 2023

Today, at the Finopolis forum, German Gref, CEO of Sberbank, Russia’s leading financial institution, projected a significant slowdown in the mortgage market. Despite this forecast, the anticipated increase in Sberbank’s mortgage lending for 2023 is set to reach an impressive […]

November 7, 2023

UBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit. The bank recorded an underlying operating profit before tax of $844 million, well ahead of consensus expectations. UBS shares were up 3.2% by […]