The Importance of Open Banking for Fintechs
Open banking is a notion that refers to the standardization and secure opening up of financial services data to third-party suppliers using APIs. It is a crucial idea since it fosters financial innovation, boosts competition, and enhances the ecosystem of financial services as a whole. First off, open banking creates new opportunities for financial innovation […]
The Importance of Open Banking for Fintechs
Open banking is a notion that refers to the standardization and secure opening up of financial services data to third-party suppliers using APIs. It is a crucial idea since it fosters financial innovation, boosts competition, and enhances the ecosystem of financial services as a whole. First off, open banking creates new opportunities for financial innovation […]
FOMC Hikes Rates 25 bps As Expected, Leaves Open Further Hike Expectations
FOMC, Dollar, S&P 500, ECB and BOE Rate Decision Talking Points: The Federal Reserve hiked its benchmark rate 25bps to a range of 4.50 – 4.75 percent The US benchmark is higher than its principal global counterparts, but that advantage has been previously priced in In the policy statement that accompanied the decision, the group […]
ForexLive Asia-Pacific FX news wrap: Awaiting the Federal Open Market Committee (FOMC)
Major forex rates traded in limited ranges during the session here with traders awaiting the Federal Reserve statement and Powell’s following news conference. ICYMI, previews posted already: News flow of any relevance was basically absent. We did get some data flow though. The New Zealand labour market report for Q4 2022 (official NZ jobs data […]
US equity futures slide ahead of the open. Intel plunges
I expect worries about the Federal Reserve to start to weigh on sentiment in the run up to the FOMC and we might be seeing the start of that now. S&P 500 futures are down 16 points, or 0.4%. Shares of Intel are the big loser, down 9.4% on poor earnings and guidance. On the […]
WSJ Fed insider says its Open Market Committee (FOMC) preparing a 25bp rate hike next week
A weekend piece from Nick Timiraos in the Wall Street Journal. Says Federal Reserve officials are preparing to slow down from a 50bp rate hike in December to 25bp this time around (the meeting is January 31/February 1). And that further debate at the Federal Open Market Committee (FOMC) will centre on when to ‘paude’ […]
Monday morning open levels – indicative forex prices – 23 January 2023
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! On a Monday morning, market liquidity Read this Term is very thin until it improves as more Asian centres come online. This Monday is a little different of course as many Asia centres are out today […]
Mixed open for the major US stock indices
The major US stock indices opened mixed with the Dow lower and the S&P and Nasdaq higher. The S&P has dipped into negative territory in the first few minutes of trading but is trading above and below the level currently. A snapshot 10 minutes into the open is showing: Dow Industrial Average down -66.81 points […]
SPX, Nasdaq and Dow Hint at a Lower Open
SPX, Nasdaq 100 and Dow Jones Analysis US equity futures point to a lower open for stocks S&P 500 marks another tag of trendline resistance before trading lower US Tech remains the laggard of the three indices, approaching the 2023 low The Dow shows a propensity for greater declines after outperforming the other indices. There […]
Forex Open and Closed Positions – What Does it Mean
2023.01.17 2023.01.17 What do open and closed positions mean in Forex trading? Artem Shashkovhttps://www.litefinance.org/blog/authors/artem-shashkov/ Any Forex transaction implies a period of time. The period begins when you open position – you either buy a currency pair when the exchange rate should increase or sell it, expecting the price to fall. Closing a position is the […]