Broadridge Sees 6% Uptick in Q2 FY23 Recurring Revenue
Broadridge Financial Solutions, Inc. (NYSE: BR) published its financials for the second quarter of fiscal 2023, reporting a 3 percent yearly rise in total revenue to about $1.3 billion. In addition, the recurring revenue increased by 6 percent to $840 million. Broadridge categorizes its business into two broad areas: investor communication solutions (ICS) and global […]
Compagnie Financière Tradition Sees 8.9% Revenue Rise in Q4 2022
Compagnie Financière Tradition (CFT), a Swiss interdealer broker and operator of a Japanese retail broking giant, reported the consolidated revenue as CHF 231.1 for the fourth quarter of 2022. The figure jumped from CHF 219 million generated in the last three months of the previous year with a year-over-year increase of 8.9 percent on a […]
AUD/NZD sees range extension above 1.0950 on solid NZ Trade Balance data
AUD/NZD is expected to extend recovery above 1.0950 despite firmer NZ Trade Balance data. A higher NZ labor cost index will escalate inflation projections further. Weaker Australian monthly Retail Sales might ease some troubles for the RBA. The AUD/NZD pair has displayed a sharp recovery move after a gap down open to near 1.0926 in […]
EUR/USD sees recovery to near 1.0900 as ECB to continue rate hikes beyond summer
EUR/USD is eyeing to recapture the 1.0900 resistance as ECB might not pause policy tightening beyond summer. The Euro is delighted with bullish bets for CY2023 as the ECB will continue to raise interest rates further. According to the consensus, investors should brace for a contraction in the US GDP for the fourth quarter of […]
ECB’s Rehn sees reasons for ‘significant’ interest rate increases before summer
European Central Bank (ECB) Governing Council member and Governor of Austria’s central bank Olli Rehn made some comments on the central bank’s interest rates policy during his appearance over the weekend. He said that he sees grounds for “significant interest rate increases from the ECB this winter and the coming spring.” Market reaction EUR/USD is […]
JP Morgan sees a lower chance of a US recession
In October last year JPM analysts concluded a recession was basically a done deal. They have now dialled that well back, saying the chance of a recession has fallen sharply. A soft landing is now the most likely scenario. JPMorgan’s trading model shows that seven of nine asset classes now show less than a 50% […]
Feds Waller: Supports 25 basis point hikes. See’s encouraging signs of wage moderation
> Feds Waller: Supports 25 basis point hikes. See’s encouraging signs of wage moderation Favors a 25 basis point rate hike at the upcoming meeting and continued policy tightening beyond that We have made progress is still considerable way to go toward 2% inflation goal By early December that the policy stance was a slightly […]
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 […]
USD/JPY refreshes day’s low around 131.40 as street sees further softening of US Inflation
USD/JPY has refreshed its day’s low at 131.40 as odds for further US inflation softening soar. Federal Reserve might look to tweak its monetary policy projections if US inflation continues its downside spree. The Bank of Japan is firmly considering an exit from its secular long ultra-loose monetary policy. USD/JPY is hovering near the lower […]
Goldman Sees Dollar’s Dominance Driving Further Gains Ahead By Bloomberg
(Bloomberg) — The dollar holds the crown as the world’s dominant currency and rivals have so far failed to unseat the greenback — making fresh rallies likely. That’s the thinking of Goldman Sachs (NYSE:) analyst Isabella Rosenberg who says signs of global growth have made European and Chinese assets more attractive in recent months, […]