The week ahead: 29/05/23
This week we’ll get quarterly earnings figures from HP and Salesforce, semiconductor firms Ambarella and Broadcom, and US department stores Nordstrom and Macy’s. Also keep an eye out for...
Swiss franc edges higher ahead of Swiss GDP, business confidence
US markets closed for a holiday US debt ceiling crisis resolved US inflation higher than expected Switzerland releases GDP and the KoF Economic Barometer The Swiss franc has edged...
GBP/USD flat in holiday-thinned trading
US markets closed for bank holiday US debt ceiling agreement reached GBP/USD has started the week quietly. The pound is currently trading at , almost unchanged. With US markets...
New Zealand dollar stems nasty slide
US markets closed for a bank holiday New Zealand dollar steadies after a plunge last week US inflation higher than expected The New Zealand dollar has stabilized on...
AUD/JPY Technical: Bulls got stalled again at 200-day MA
The medium-term up move of AUD/JPY from the 24 March 2023 swing low of got stalled again at the key 200-day moving average. Short-term downside movement seems to...
US stocks at risk of liquidity drain post US debt ceiling deal
US Treasury needs to issue an approximate total amount of US$ trillion in T-bills in H2 2023 to replenish its operating cash balance. Absorption of the US$ trillion of...
Japan advances digital yen trial as PoC concluded
The results indicate that the CBDC pilot project, which kicked off in April, has progressed as scheduled. The most recent phase, spanning from April 2022 to March 2023, focused...
Russia scraps proposal for government-backed crypto exchange
Anatoly Aksakov, the head of the State Duma committee on the financial market, revealed the recent developments to local media outlet Izvestiya on May 29. He said the idea...
CFI Financial onboards Elena Kupriyanova as head of marketing
With a track record in the financial industry and a deep understanding of the dynamics of Artificial Intelligence (AI) and data-driven marketing, Elena brings a wealth of experience and...
Trading 212 revenue tops 2021, but bottom line disappoints
The mild increase in revenue was, however, offset by higher operational costs, which jumped by 15 percent during the period. Amid increased staff costs and other expenses involved in...