This year, the regional banks and their members are Cleveland’s Loretta Mester, Atlanta’s Raphael Bostic, San Francisco’s Mary Daly and Richmond’s Tom Barkin. Despite raising rates to a 22-year record high in H1 of 2023, Wall Street is still expecting rate cuts to begin in March this year, continuing for six rounds, so the new…
Read more
As traders recently turned bullish on the sterling for the first time in three months, analysts believe the UK economy, which spent most of 2023 on the rim of recession, is on the rise. Bloomberg reports that stocks are also stronger, according to the latest retail statistics. Realistically, this outlook can sour very quickly, especially…
Read more
Starting today, cryptocurrency investors will have to declare which type of investments they action and answer questions on a variety of financial services and regulations if they wish to keep on trading on these platforms. On this declaration, users must choose an investor profile, which is either high net-worth above £100,000, more than £250,000, or…
Read more
According to BofA, this financial manoeuvre, typically observed in the first week of January, comes on the heels of 2023's unprecedented annual cash inflow totalling $1.3 trillion. Such movements highlight a trend where investors, prioritising security and influenced by increased interest rates, have shifted away from stocks and towards more stable assets. Drawing from EPFR's…
Read more
The above role allowed him to significantly influence the firm's growth and strategy in these regions. His tenure at IG Deutschland lasted for over a year and eight months, during which he proved his leadership abilities and contributed substantially to the firm's development. Since December 2023, he has taken up the mantle as Head of…
Read more
The dollar set itself on track for its longest winning streak since September 2023 and the 10-year US Treasury yield rose one basis point at 4.01%. The US data due to be released later today will contain information regarding rate cuts from the Federal Reserve, with market sentiment predicting good nonfarm payrolls data. Don’t miss…
Read more
According to Reuters data, the MSCI’s Asia-Pacific shares index recorded a 0.18% Hang Seng (.HSI) decline during Friday morning trades. The MSCI’s world index performance displayed no drastic fluctuations and is set to close the week on a 1.7% negative. An exception to these mediocre movements, the Japanese Nikkei (.N225) was up by 0.5% following…
Read more
Initially, this firm traced losses of roughly 211.9 ETH or $469,000. Later, it was discovered that the attacker already transferred $2.2m to Tornado Cash, a crypto tumbler. Experts stated a critical vulnerability in the accounting system of the Gamma Protocol opened the doors for theft as it allowed the attacker to withdraw large amounts of…
Read more
The surge in forex trading slightly elevated Saxo's total monthly trading volume to $369.5 billion, a 1.8% increase. However, this decreased by 11.1% compared to December of the previous year. Saxo Bank, headquartered in Denmark, provides various trading services, including equities, commodities, and fixed income. Despite the uptick in forex, trading volumes across these other…
Read more
Since the previous autumn, XTB customers have had the opportunity to invest in passive instruments for medium to long-term strategies. These Investment Plans allow for up to 10 unique investment portfolios based on selected ETF funds, each accommodating up to 9 funds and a minimum investment of $15. The company had announced its intention to…
Read more