Breaking News: Swiss National Bank Has No Set Target for CHF Exchange Rate, Says Vice President Schlegel Schlegel Favoured to Take Top Spot at Swiss National Bank Last week, Vice President Schlegel of the Swiss National Bank made a significant announcement at an event in St. Gallen, Switzerland. He stated
The Secret to Mastering Emerging Markets: Why You Shouldn’t Just Invest in Emerging Markets Stocks Unveiling the Strategies of the #1 ‘Emerging Markets’ Fund Manager Today, BNNBloomberg released an intriguing story about the renowned fund manager, Lewis Kaufman, who has been dominating the ’emerging markets’ scene with his unconventional investment
Breaking Down the Latest European FX News: USD/JPY Takes a Chill Pill Amid Growing Intervention Warnings in Japan Headlines: USD/JPY nudges lower as Japanese authorities meet Japan’s MOF, FSA, and BOJ to hold meeting to discuss financial markets Japan top currency diplomat Kanda: Recent yen moves are not reflecting fundamentals
Revolutionizing Cross-Border Transfers: SWIFT’s Latest Move Towards a Central Bank Digital Currency Platform Introduction In a move set to reshape the landscape of cross-border transfers, SWIFT has unveiled its latest solution known as the connector. This innovative platform aims to streamline and enhance the use of Central Bank Digital Currencies
Exploring Ethereum: A Look at its Struggle to Find Support at $3,550 Description: Ethereum remains below $3700, looking for support at $3550. Ethereum’s price trajectory has been a rollercoaster ride lately, with fluctuations between key support and resistance levels prompting speculation among traders. Monday’s trading session brought a… Ethereum’s Price
Insider Meeting: Japan’s Financial Leaders Discuss Market Trends USD/JPY sees a bit of a quick dip to just under 151.50 now as this sudden meeting is called. It seems like Japan’s financial leaders are gathering in a hurry to discuss the current market trends. The USD/JPY exchange rate has taken
Unleashing Success: Playtech’s B2C Milestone Drives Revenue to $1.7B 2023 proved fruitful for London-listed Playtech (LSE: PTEC), whose adjusted revenue grew 7%, and EBITDA increased 9% to €423.3 million compared to 2022. Playtech, a global leader in the financial trading industry, has had a stellar year in terms of financial
Breaking News: CMC Markets Surpasses Expectations with Bullish FY24 Income! Description: CMC Markets (LON: CMCX) released a trading update today (Wednesday), revealing its expectations of the net fiscal year 2024 operating income to exceed the top end of the previously guided range of between £290 million and £310 million. The
Market Update: Yen Falters and Kiwi Takes a Hit – Central Bank’s Words Shake Up Currency Landscape The Japanese Yen’s Recent Challenges The Japanese Yen breached its recent low against the broadly strong Dollar in Asian session today, but the selloff halted just before reaching 152 mark. The momentum of
Breaking News: New Zealand Government Slashes 2024 Growth Forecast to 0.1%, Inflation Outlook Lowered Description The New Zealand government has made significant revisions to its economic forecasts, projecting a notably subdued GDP growth of just 0.1% for this fiscal year, as revealed in its latest budget statement. Additionally, the inflation
China’s Industrial Profits Soar in January and February: A Promising Start to 2024! Description: China’s industrial profits have seen a significant increase in the first two months of 2024, according to data released by the National Bureau of Statistics (NBS). This positive trend in China’s economic data at the beginning
HSBC Boosts Year-End Target for S&P 500 to 5400 – What This Means for Investors Description: HSBC, one of the world’s largest banking and financial services organizations, is looking towards a higher S&P 500 by the end of 2024. They have recently boosted their target to 5400, citing better earnings
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