Gold falls as dollar holds ground, traders eye U.S. data
(Reuters) – Gold prices slipped on Wednesday from a nine-month peak hit in the previous session as the dollar steadied and investors squared positions ahead of U.S. fourth-quarter economic growth figures.FILE PHOTO: Gold bullion is displayed at GoldSilver Central’s office in Singapore June 19, 2017. REUTERS/Edgar Su/File PhotoSpot gold was down 0.6% to $1,925.75 per […]
Bitfinex Offers Crypto CaaS Product from Tap Global
Bitfinex, one of the leading crypto exchanges, has become the first client for Tap Global’s newest Cards-as-a-Service (CaaS) platform. With the latest B2B product, companies can offer their clients prepaid debit cards to enhance their offerings. According to Tuesday’s press release, Tap Global is a publicly listed (AQSE:TAP) provider of a crypto app connecting the […]
Global Flash PMIs, and the Return of Investor Optimism?
At the conclusion of the latest WEF meeting in Davos, many of the leaders there were optimistic that the world would avoid a recession. Or, at least, if there was a recession, it would be short and shallow. A substantial portion of that optimism relied on an expectation that China would rebound, now that it […]
S&P 500 Reversal Packs More Global Punch Than USDJPY’s Drama
USDJPY, S&P 500, Nasdaq 100, Dollar, EURUSD and Netflix Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 127.00 Capitalizing on the interest in rate speculation and over-inflated volatility expectations heading into the BOJ decision, USDJPY experienced a massive reversal Risk trends seemed on solid footing through much of the […]
OctaFX Wins ‘Best Online Broker Global 2022’ Award
The international broker OctaFX received yet another 2022 distinction. The esteemed global media publication World Business Outlook awarded the company its ‘Best Online Broker Global 2022’ award. In the industry, World Business Outlook has made a name of a resilient inquirer and unbiased gatherer of elite profiles, always accompanied by an unrestrained curiosity and motive […]
Vantage’s Global Branding Director, Yen Sim, Leaves
Yen Sim, the Global Branding Director of retail FX and CFDs broker Vantage, separated from the company last Friday, Finance Magnates learned exclusively. She parted ways after spending little more than a couple of years with the broker and executing some major branding overhauls. “It has been my privilege to work with some of the […]
Fragmentation could shave up to 7.0% off of global GDP
In a new staff report published on Sunday, the International Monetary Fund (IMF) said that a severe economic fragmentation of the global could cost global Gross Domestic Output up to 7.0% but the losses could reach 8-12% in some countries if technology is also decoupled. Additional takeaways “Even limited fragmentation could shave 0.2% off of […]
Global Regtech Sees $8.2bn in 2022, to Reach $57.5bn in 2032
A new research report by Prophecy Market Insights (PMI) says the global regulatory technology (regtech) market generated US$8.2 billion last year. Growing at a compound annual growth rate of 8.2%, the market is expected to reach US$57.5 billion in 2032. PMI disclosed these figures in its RegTech Market, Trends, Analysis and Forecast till 2032 report […]
Australian Dollar Bumps Up on Data Amid Global Macro Tailwinds. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Fed, RBA, China, Iron Ore – Talking Points The Australian Dollar got a sugar hit from data but settled back in the range A re-acceleration of domestic price pressures might see more RBA action China’s re-opening could fuel inflation. Will it drive AUD/USD to a new peak? Recommended by Daniel […]
PRECIOUS-Gold accelerates to 8-month peak on dollar pullback
*U.S. CPI report due on Thursday*Dollar index down 0.4%(Updates prices)Jan 9 (Reuters) – Gold prices extended gains to an eight-month high on Monday as a weaker dollar made greenback-priced bullion cheaper for overseas buyers, while investors bet on a less-aggressive rate-hike trajectory from the U.S. Federal Reserve this year.Spot gold was up 0.8% at $1,880.33 […]