Author: FX

, the company behind the XRP cryptocurrency, is expected to make groundbreaking announcements at its New York City event this Wednesday. Among the expected revelations are a Ripple initial public offering (IPO), a settlement with the Securities and Exchange Commission (SEC), and the first U.S. bank adoption of XRP. The announcement of a settlement with the SEC also carries considerable weight, as it could potentially clear legal uncertainties surrounding Ripple. An IPO would further cement Ripple’s position in the financial market, providing an opportunity for investors to directly participate in its growth. Meanwhile, the price of XRP has been fluctuating…

The data released earlier is here:ING’s response (in brief):Australia: Inflation back on the rise While this is mostly down to less helpful base effects, international energy prices and excise duty hikes, it is not safe to conclude that the RBA rate cycle has peakedWe think that if the RBA is going to hike again, it will need to be this year, as we don’t believe the current inflation backsliding will last beyond the year-end. So we’d expect these cash rate futures to start pricing in more tightening sooner over the coming months, as headline inflation continues to go in the…

Chip Somodevilla/Getty Images News The United States on Tuesday restricted imports from three more Chinese companies for using the forced labor of Uyghur minorities. The move is part of a broader effort to stamp out the use of forced labor in the U.S. supply chain. The three Xinjiang-based companies named by the U.S. Department of Homeland Security were: Xinjiang Tianmian Foundation Textile Co., a maker of yarn and textile products Xinjiang Tianshan Wool Textile Co., a maker cashmere and wool garments Xinjiang Zhongtai Group Co., a maker of polyvinyl chloride (PVC), building materials and other chemicals “We do not tolerate…

© Reuters. FILE PHOTO: Bank of Thailand Governor Sethaput Suthiwartnarueput speaks during his first briefing on the economy and monetary policy after taking office in Bangkok, Thailand October 20, 2020. REUTERS/Chalinee Thirasupa/File Photo By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Normal service resumed. Wall Street on Tuesday buckled under the weight of high and rising U.S. bond yields, leading a steep decline in global stocks and risk appetite that looks certain to push Asian markets lower at the open on Wednesday. A Bank of Thailand interest rate…

USD/CAD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Traits of Successful Traders Read More: Gold Falters as US Yields and the DXY Advance, $1900 at RiskUSDCAD has finally broken out of the recent 5-day range as the DXY advance gathers momentum. The Canadian Dollar had been on a bit of a rally thanks to a sharp increase in the most recent inflation print coupled with an extraordinary rise in WTI Oil prices. There were also comments out today from S&P who stated that the economic outlook for Canada shows signs of sluggish growth just as the economy looks set…

We’re staying focused on AUD charts ahead a major economic update from Australia, and this time we’re looking at the downtrend in GBP/AUD. Will the consolidation pattern break to the downside? Or are we looking at a potential reversal in the making on an upside break? GBP/AUD 1-Hour Forex Chart by TradingView G’day, fellow traders! Today, we’re checking out GBP/AUD as volatility is on the horizon for the Australian dollar. Why, you ask? Well, there’s an impending update in inflation data from the Land Down Under. You know how they say, “When it rains, it pours,” and in the world…

Earlier, I wrote about positive seasonal factors in Q4 helping US equities. Here’s the other argument, which I think is more compelling.1) Put yourself in the shoes of a fund managerThe Nasdaq Composite is up 24.7% year-to-date and the S&P 500 is up 11%. If you’re matched or even come near that performance this year, then give yourself a pat on the back. Even if you’re only gained 8% in your fund this year after fees, that’s highly likely to be enough to keep people from calling in redemptions. Remember, fund managers aren’t really in the business of making money…

Global inflation rates have heated up this past month, so will the Fed’s favorite inflation gauge–the U.S. Core PCE Price Index–show traders the same and move the markets? Here are points you need to consider if you’re planning on trading this potentially market moving report: Event in Focus: U.S. Core Personal Consumption Expenditures (PCE) Price Index for August 2023 When Will it Be Released: September 29, 2023 (Thursday), 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: U.S. core PCE price index (m/m): +0.2% forecast vs. +0.2% previousU.S. core PCE price…

Share: The NZD/USD is drifting around 0.5950 for Tuesday after recovering from a knockback to 0.5935. The economic calendar is notably Kiwi-light this week. US GDP and PCE inflation figures to dominate headlines through the mid-week. The NZD/USD is trading back and forth for Tuesday, capped by the 0.5970 level as markets spread their Kiwi (NZD) bets ahead of a US data-heavy calendar for the back half of the trading week. The Kiwi hit an intraday high just shy of 0.5975 in the early Tuesday trading session before slumping to a low of 0.5935. The pair has since recovered…

cemagraphics/iStock via Getty Images Blink Charging (NASDAQ:BLNK) announced on Tuesday that it raised its 2023 revenue target to a range of $110M to $120M, from a prior range of $100M to $110M. The consensus estimate is near the middle of the range at $116.2M. Notably, the electric vehicle charging company is targeting a positive adjusted EBITDA break-even run rate by December of 2024. The guidance update arrived as part of an announcement by Blink Charging (BLNK) that it inked an agreement with Parkopedia to integrate over 4K Blink EV charging locations onto the Parkopedia platform in North America. The strategic…