British neobank Monzo has recently announced the completion of another successful funding round, raising $190 million. This brings their total funding for the year to $610 million, showcasing the growing interest in the company from investors worldwide. The surge in funding will allow Monzo to further develop its offerings and expand its international presence. The
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On Wednesday, Asian stocks struggled to find a clear direction, with some markets seeing declines while others experienced gains. The dollar remained strong despite lower U.S. Treasury yields, leading to a mixed sentiment among traders. The Asian markets were trying to analyze the signals coming from U.S. policymakers and economic data in order to predict
Gold prices have been facing a downward trend as a result of renewed demand for the US Dollar on Wednesday. This comes in the midst of investors showing a lack of confidence in potential Fed interest rate cuts in 2024. The hawkish stance taken by Federal Reserve officials, including Philip Jefferson, Susan Collins, and Lisa
The EURUSD pair is currently trading near $1.076, struggling to break above the critical resistance level of 1.08. Despite a temporary surge in growth on Friday due to negative US labor market data affecting the dollar, the bulls were unable to maintain momentum above the 1.08 mark. The balance of risks appears to favor a
The USD/JPY is currently at 154.784, with intervention risks resurfacing in the foreign exchange markets. Masato Kanda recently issued a warning, stating that the government would intervene in the case of any speculative or disorderly moves. This warning has sparked concerns among investors, especially after the sharp pullback from 160. The warnings could possibly intensify
Billionaire investor Stanley Druckenmiller shocked the market when he revealed that he had significantly reduced his stake in chipmaker Nvidia earlier this year. The swift rise in artificial intelligence may have led Druckenmiller to believe that the boom was overdone in the short run, prompting him to make adjustments to his portfolio. Druckenmiller confessed that
When it comes to financial trading, it is crucial to conduct thorough due diligence before making any investment decisions. The information provided on various websites, including news, analysis, and opinions, should be viewed as educational and research tools rather than specific recommendations. It is essential to consult with financial advisors and apply your own discretion
In the aftermath of comments made by Richmond Federal Reserve President Tom Barkin, market sentiment has shifted towards caution. Barkin highlighted the Fed’s ability to delay rate cuts until stronger signs of inflation easing are apparent. This cautious approach aligns with recent Fed meetings, which have emphasized a wait-and-see stance on monetary policy. Adding to
The U.S. stock market showed minimal movement in futures trading, with the Dow, S&P 500, and Nasdaq 100 all displaying mixed trends. This lack of direction comes after a positive streak for the Dow, driven by hopes of potential Federal Reserve rate cuts following disappointing job growth in April. However, conflicting economic data and cautious
The EURGBP 4-Hour Elliott wave Charts presented an impulsive structure with a lower sequence indicating a bearish trend. This decline led to a key low on 2/14/2024, setting the tone for further downside movement. The right side tag emphasized the selling opportunity, guiding members to capitalize on selling bounces in the direction of the bearish
Asian shares reached 15-month highs on Tuesday, driven by renewed confidence in impending U.S. interest rate cuts. MSCI’s broadest index of Asia-Pacific shares outside Japan rose by 0.3% in early trade. Japan’s Nikkei also saw gains of 1.3%, while Hong Kong shares experienced marginal losses. The recent optimism has been fueled by last week’s softer-than-expected
Gold prices have been on an upward trajectory for the past few days, largely driven by a weaker US dollar. The recent US jobs data for April has led to speculations of potential rate cuts by the Federal Reserve, further boosting the gold market. The expectation of an easing cycle may make gold a more