The fintech industry experienced a significant decline in investment in 2023, indicating a challenging year for the sector. The global figures shared exclusively with CNBC by Innovate Finance, a financial technology industry body, reveal a 48% decrease in investment, with a total of $51.2 billion invested, compared to $99 billion in 2022. Alongside this decline,
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The USDJPY pair is currently aiming for a bullish breakout as it approaches Thursday’s US CPI data. Although momentum indicators suggest positive sentiment, caution should be exercised due to conflicting trend signals. On Tuesday, USDJPY found new buyers near its 20-day simple moving average (SMA) at 143.40, resulting in a mild positive close for the
The AUD/USD experienced a decline of 0.49% on Tuesday, reversing the previous day’s gain. The Australian dollar ended the session at $0.66867 after reaching a high of $0.67345 and then falling to a low of $0.66770. Investors are now turning their attention to upcoming economic indicators, including the Australian Monthly CPI Indicator and US mortgage
The USD/JPY experienced a slight gain of 0.17% on Tuesday, partially reversing the previous day’s loss. This article will analyze the impact of wage growth on USD/JPY and consumer spending, as these factors are closely intertwined. Additionally, we will examine the effect of central bank commentary and economic indicators on the currency pair. On Wednesday,
The US Dollar (USD) Index is trading with gains, reaching the 102.50 mark on Tuesday. The Greenback’s upward trajectory is largely driven by the prevailing negative market sentiment, which has investors seeking refuge in the US Dollar. This surge in demand for the USD is fueling its strength in the market. Investors are closely monitoring
As the deadline for a potential federal government shutdown looms in just ten days, U.S. Senate Republicans are raising concerns and emphasizing the need for a short-term funding measure. This measure, known as a continuing resolution (CR), would provide lawmakers with additional time to reach a consensus on full-year spending bills for 2024. However, this
BTCUSD recently experienced a significant rally, surpassing $45,000 and reaching a 21-month high at $47,282. The primary driving force behind this surge appears to be the market’s excitement surrounding the potential approval of a spot-Bitcoin ETF by the Securities and Exchange Commission (SEC). However, it is important to analyze the technical aspects of this rally
Mongolia, a landlocked country rich in mineral resources, is aiming to double its GDP-per-capita to $10,000 by the end of the decade. However, achieving this ambitious goal requires significant investments in the mining and metals sector, which currently contributes a quarter of the country’s GDP and 90% of its exports. In an interview, Mongolia’s Finance
Federal Reserve Governor Michelle Bowman, once a staunch advocate for tight monetary policy, has recently shifted her stance on interest rate hikes. In a speech delivered at a private event in South Carolina, Bowman suggested that rate hikes are likely over, but she is not ready to implement cuts just yet. This article delves into
Gift cards have become one of the most popular presents during the holiday season. However, a significant number of individuals end up with unused gift cards sitting in their drawers, gathering dust. According to a 2023 Bankrate survey, 47% of U.S. adults have at least one unused gift card, totaling a staggering $23 billion worth
The US Dollar (USD) is facing challenges as it declines towards the 102.15 area, putting pressure on the 20-day Simple Moving Average (SMA). Despite gaining momentum last week, bulls are struggling to sustain their gains. With Monday’s calendar offering no significant events, investors are eagerly awaiting the release of the Consumer Price Index (CPI) figures
The statements made by Atlanta Federal Reserve President, Raphael Bostic, regarding monetary policy and inflation have sparked debate and raised concerns among investors and economists. Bostic’s emphasis on maintaining a tight monetary policy, despite balanced risks in the economy, goes against market expectations of rate cuts in the near future. A critical analysis of his