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New Zealand Business Confidence Strengthens In October

New Zealand business sentiment strengthened further in October, preliminary survey data from ANZ showed Thursday. The business confidence index improved to -14.5 percent from -28.5 percent in September. The own activity index gained 9 points to +3.6 percent. Investment intentions were little changed

European Economics Preview: UK Consumer Price Data Due

Consumer and producer prices from the UK are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is set to publish UK consumer and producer prices for August. Inflation is forecast to ease to 0.1 percent from 1 percent in July. Eco

Euro Rebound Fades Quickly, Sterling Decline Continues

Sterling weakness remains the unified theme in the markets this week. The Pound remain under pressure in Asian session today while recovery attempt was brief and weak. As for the week, Canadian Dollar is currently the second weakest, in tandem with the sharp decline in oil price. Swiss Franc and Yen

Gold Price Prediction: XAU on the cusp of a triangle breakout to 2,000

Gold is in the middle of a downtrend as far as the RSI is concerned. XAU/USD has the potential breakout to highs above 2,000. The world’s precious metal has been trading a lower high and a lower low pattern for the past two days. A descending trendline continues to limit the upside. This week's bar

Revolut Rolls Out Core App Services in Japanese Market

Photo: Revolut Revolut, which bills itself as a ‘digital banking alternative’, is launching its app and service in Japan, which marks its first leap into a non-English speaking market. European fintech startup has already completed a successful beta launch where the firm tested the service with 10


#EUR/USD# Unless yellow trend line break , anticipate a continuation toward 1.2070

AUD/USD spikes as fed adjusts its inflation management

AUD - Australian Dollar The Australian dollar drifted sideways throughout domestic trade on Thursday before bouncing through resistance and testing a break above 0.73 overnight. Direction across currency markets was largely muted in the lead up to Fed Chair Jerome Powell’s speech at the Jackson Hole

New Zealand Retail Sales Tumble Amidst Q2 Lockdown

Retail sales values in New Zealand plummeted 15 percent on quarter in the second quarter of 2020 during the COVID-19 lockdown, Statistics New Zealand said on Monday - marking the largest drop on record going back 25 years. Individually, declines in value were led by food and beverage services, down

Exclusive: Global Prime Taps BidFX to Expand Interbank Funding Market

Photo: FM Global Prime, an Australian-based online trading provider, has revealed exclusively to Finance Magnates that it has partnered with BidFX in order to expand and centralise its interbank funding market. BidFX is an institutional foreign exchange solutions provider. Under the partnership an

COVID Continues: What are the Pandemic’s Lasting Effects on Fintech?

Photo: iStock After COVID-19 has held a grip on the world for most of this year, it’s hard not to see everything through the lens of the pandemic: in the industrial, technological, medical, educational and financial worlds–as well as in our personal lives–the pandemic has colored everything. The v

Plus500 Names David Zruia as CEO, Sees Record New Customers in H1 2020

Photo: Finance Magnates Plus500 announced this Tuesday that it has appointed David Zruia as its permanent Chief Executive Officer (CEO) after having held the role on an interim basis since the 20th of April this year. As Finance Magnates reported, Zruia was named as interim CEO after Asaf Elimelec

WTI remains depressed below $40.00 as traders await fresh clues

WTI extends the previous day’s U-turn from $40.59. Upbeat PMI data, EIA inventory draw fail to underpin the oil prices. Risk-tone also struggles for a clear direction despite escalate US-China tension and virus woes. US NFP will decorate the economic calendar, qualitative catalysts to offer addition


#EUR/JPY# Education Post: This is a Price Behaviour Methodology. You have to learn to interprete the waves/swings that price makes at any given time and location on the chart. Attach a true meaning to it and react according to the information you have been presented. As you may be awa

USDCAD Weekly Breakout Set up

#USD/CAD# Hi everyone ! Today I would like to share a Trade Idea that I am playing this week, which is most likely to perform well due to a combination of fundamentals and technicals. After the recent reversal taking place with the broad dollar and the sell off in the equity markets

DAX Modestly Higher In Cautious Trade

German stocks eked out modest gains on Wednesday as investors awaited the Federal Reserve's latest policy decision later today. No major changes are expected, but the focus will be on the Fed's economic outlook and chairman Jerome Powell's speech. Policymakers will publish their first economic proje

Pull-up Update