Breaking News: Fed’s Mester Hesitant to Raise Interest Rates – What This Means for the Economy Description: Mester: Says Fed in ‘really good place’ to study economy before charting rate path. She isn’t eager to consider interest-rate hikes. It was appropriate for the Fed to hold rates steady as it
Breaking News: Standard Chartered Teams Up with Clearstream to Boost UAE Funds Market! Description: Standard Chartered has collaborated with Clearstream, a post-trade services provider, to enable users to access funds domiciled in the United Arab Emirates (UAE). This collaboration aims to enhance fund processing and execution and aligns with recent
Unleashing the Power of the Dollar: A Tale of PPI Data, Bears, and Market Control The Dollar’s Rollercoaster Ride The recent spike in the Dollar value, driven by stronger-than-expected US PPI data, caught the attention of market watchers around the world. Investors were quick to react to the positive news,
Revolutionizing Forex Trading: TradingView Teams Up with Spreadex to Offer Spread Betting on its Platform! Social trading and charting platform TradingView has expanded its integration with UK-based brokerage Spreadex to include spread betting functionality, the company announced on Tuesday. TradingView, known for its innovative approach to online trading, has once
Currency Update: EUR Takes the Lead, JPY Struggles in NA Session – A Technical Analysis Description: The EUR is the strongest and the JPY is the weakest as the North American session begins. Once again movement is limited coming into the session with the trading ranges for all but the
Breaking Down the Numbers: Crypto Exchange Volumes Drop by 60% After BTC Halving Introduction After a record-breaking March driven by equally impressive Bitcoin (BTC) performance, spot volumes on the top 10 cryptocurrency exchanges dropped by more than 60% in April. According to a benchmark by Finance Magnates Intelligence, their trading
Coinbase Bounces Back: Users Struggle with Withdrawal Issues After 3 Hour Outage Description The services of cryptocurrency exchange Coinbase have been restored after a “system-wide outage” of over three hours. The exchange confirmed that its functionalities are “now fully recovered.” Coinbase is now fully recovered. We appreciate your patience and
Breaking News: Euroclear UK International Welcomes New CEO, Chris Elms! Description This international holding company provides post-trade financial services, including settlement and custody of local and international securities for bonds, equities, and derivatives, and investment funds. It operates through Euroclear Bank, International CSD, and Euroclear UK & International, among others.
Breaking News: Capital.com Appoints Rupert Osborne as UK CEO in Newly-Created Role! Description: Capital.com has shuffled the management of its United Kingdom division by appointing Rupert Osborne as the CEO of Capital Com UK Limited, Finance Magnates learned exclusively. Osborne is taking over the responsibilities of the CEO of the
GBP/USD Technical Analysis: US PPI Data Takes the Spotlight Fundamental Overview Today the UK labour market report showed job losses and an uptick in the unemployment rate, although wage growth remained sticky at high levels. The data hasn’t changed anything for the market though as the focus remains on the
BOJ’s Rate Hike on Hold Until September, According to Former Central Bank Executive Momma says that the BOJ is likely to want to wait until September at least before hiking rates again. That is so policymakers can gather more information from the government’s monthly wage data for July and August,
Coinbase Crashes: Major Outage Leaves Cryptocurrency Traders in Limbo Coinbase Is Down Today, Coinbase, the largest cryptocurrency exchange in the US, is “experiencing a system-wide outage” that has directly impacted its services. Both the desktop and mobile platforms of the crypto exchange are not working. The reason behind the outage
Get Ready for the Reserve Bank of New Zealand’s May 2024 Meeting: What to Expect! Description: The Reserve Bank of New Zealand meeting is next week, May 22. Statement due at 2pm New Zealand time, which is 0200 GMT and 2200 US Eastern time on Tuesday. ANZ have previewed the
Goldman Sachs: US Stocks Still Have Room to Grow, But Keep an Eye on Potential Risks Ben Snider, senior strategist on Goldman’s US portfolio strategy team, spoke in an interview: The fundamental backdrop for share prices remains “very good,” according to Ben Snider from Goldman Sachs. He cited strong earnings
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