Visa’s recent announcement regarding its plans to launch a dedicated service for account-to-account (A2A) payments in Europe represents a significant shift away from traditional credit card methods. This move is aimed at providing consumers with a more secure and convenient payment option, while also potentially reducing Visa’s reliance on card transaction fees. One of the
The EUR/USD pair has maintained stability around 1.1077 as investors eagerly await crucial employment data from the United States. The upcoming ADP private sector jobs report, although not directly linked to the Nonfarm Payroll (NFP) report, serves as an indicator of market sentiment. Additionally, the release of weekly unemployment claims data will be closely monitored
Recent unemployment data has shown a spike in July, which has raised concerns about the state of the economy. Chief Global Economist Parker Ross pointed out that the rise in unemployment was not due to any specific event like Hurricane Beryl. This spike in unemployment has been attributed to temporary layoffs, which led the way
The silver market has experienced a downward trend for the fourth consecutive day, with prices hovering around $27.90 in the early European session. This 0.55% decline can be attributed to a combination of factors, including a stronger US Dollar and concerns about Chinese demand. The recent slowdown in China’s service activity growth, as reflected in
The USD/JPY pair has experienced a slight increase, reaching 145.95 on a Wednesday morning. This uptick comes after hitting a two-week low, signaling a potential rebound. However, it is essential to note that this movement may not signify a complete reversal in the trend due to the uncertainty in the current economic landscape. Traders and
In the fast-paced world of financial trading, it is crucial for individuals to conduct thorough due diligence before making any investment decisions. The information available on various platforms, including websites, newsletters, and trading apps, can be overwhelming. It is imperative for investors to sift through this information carefully, considering their own financial situation and needs.
The semiconductor industry in Asia faced a significant blow on Wednesday morning as a result of Nvidia’s sharp decline in the U.S. market. The U.S.-based chipmaker, Nvidia, saw its stocks plummet by over 9% during regular trading hours, causing a ripple effect across the global semiconductor sector. The drop in Nvidia’s share price was exacerbated
The recent sell-off on Wall Street has triggered a wave of volatility in global currency markets. The Japanese yen, known for its safe-haven status, has seen a significant rally while riskier currencies like the Australian dollar and sterling have struggled to maintain their ground. This shift in market dynamics has been fueled by concerns over
The Japanese Yen (JPY) has recently edged higher following the Japanese government’s decision to allocate ¥989 billion towards energy subsidies. This move has given a boost to the currency in the forex market, as investors see it as a positive step to support the economy. However, this increase in the value of the JPY comes
China’s property market has been facing challenges due to U.S. sanctions and a crackdown on real estate development by Chinese authorities. Hangzhou, a city in the eastern Zhejiang province known for being the home of tech giants like Alibaba, managed to secure the top spot in the latest Milken Institute’s best performing cities China index.
Bank Negara Malaysia (BNM) is projected to maintain its key interest rate at 3.00% through 2025, according to a recent poll of economists. The economy is experiencing strong growth and inflation is well under control, with the current rate sitting at 2.0%. This stability has been reflected in the performance of the Malaysian ringgit, which
Gold has been performing remarkably well in recent months, with a continuous upward trend for seven consecutive months. As of now, the precious metal has seen a significant increase of 21% since the beginning of the year. Despite these impressive gains, the crucial question on the minds of investors is whether this bullish momentum will