Author: FX

Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express On May 18, the Hong Kong Monetary Authority (HKMA) announced the launch of the cyber Hong Kong dollar pilot project. According to officials, 16 selected companies from the financial payment and technology sectors will conduct the first round of trials this year on the feasibility of a Hong Kong dollar central bank digital currency (e-HKD). Companies included in the pilot include Alibaba (NYSE:) Group’s Alipay Financial, Mastercard (NYSE:) Asia, Labs, Visa (NYSE:), and HSBC. The digital Hong Kong dollar will start off with six potential uses…

Just_Super Vale (NYSE:VALE) received binding offers for a 10% stake in its base metals unit worth ~$2.5B earlier this week, Brazilian newspaper Valor Economico reported Thursday, citing unnamed sources. The binding offers likely will be analyzed by the company’s board at a schedule meeting on May 25, according to the report. Vale’s (VALE) base metals business includes nickel mines in Canada and Indonesia, copper mines in Brazil, and interests in cobalt and platinum group metals. Media reports earlier this year said General Motors, Mitsui and Saudi Arabia’s Public Investment Fund were considering making offers for the 10% stake. More on…

The G7 leaders summit in Hiroshima, Japan, will discuss plans to impose restrictive measures against the Russian diamond industry and against countries and institutions that help Russia circumvent international sanctions.“You can expect this to be mentioned in the G7 communique,” an EU official told reporters in a briefing. The official said there would not be an agreement at this stage, but he was confident that talks between leaders in Hiroshima, Japan, between May 19-21 would open the door to putting a tracing mechanism in place before restrictions were implemented.More here. Source link

Share: The economic calendar is light on Friday. During the Asian session, New Zealand will report on exports and imports, as well as Credit Card Spending. Japan will release inflation data and the Tertiary Industry Index. Later in Europe, the highlight will be German wholesale inflation. The rally of the US dollar is in focus, and the slide in Gold price also deserves attention. Here is what you need to know on Friday, May 19: US stocks had another positive day, with the Dow Jones gaining 0.34% and the Nasdaq jumping 1.51%. Optimism about a debt ceiling deal,…

NASDAQ 100 TECHNICAL FORECAST:Nasdaq 100 breaks above major technical resistance at 13,740 and rises to its best level since April 2022While the technical backdrop looks constructive, the market appears stretched and close to overbought condition, signaling a near-term pullback should not be ruled outThis article looks at NDX’s key levels to watch over the coming days Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Gold Prices Crushed by Resurgent Yields & Strong Dollar, Bullish Outlook in PerilThe Nasdaq 100 (NDX) extended its advance and staged another decent rally on Thursday, powering through resistance at 13,740 and notching…

Generation Income Properties declares $0.039 dividend Source link

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:              Enrich the conversation, don’t trash it.           Stay focused and on track. Only post material that’s relevant to the topic being discussed.            Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user.…

GOLD PRICES FORECAST:Gold prices (XAU/USD) fall for the third straight day, reaching their lowest point since early AprilU.S. dollar strength and rising U.S. yields are the primary bearish drivers for the precious metalThis article looks at XAU/USD’s key technical levels to watch in the near term Recommended by Diego Colman Get Your Free Gold Forecast Most Read: EUR/USD on Meltdown Watch, Nasdaq 100 Holds Steadfast After Bullish BreakoutGold prices suffered a major setback on Thursday, falling for a third consecutive session and reaching their lowest level since the beginning of April. In early afternoon trading in New York, XAU/USD was…

Looking for more central bank events to trade? The Reserve Bank of New Zealand (RBNZ) is dropping its May monetary policy decision next week! Here are points to note if you’re planning on trading NZD during the release: Events in Focus: Reserve Bank of New Zealand Monetary Policy StatementQuarterly RBNZ Monetary Policy AssessmentQuarterly RBNZ Press Conference When Will it Be Released: May 24, Wednesday: 2:00 am GMT, presser to follow an hour later. Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: RBNZ to raise its OCR by 25 basis points from 5.25% to…

Bank of Canada System Review was released earlier. Some highlights:The Bank of Canada (BoC) expresses increased concerns about households’ ability to service debt due to higher borrowing costs compared to 2022.A rise in households facing financial pressure is anticipated in the coming years as mortgages are renewed.The recent decline in house prices has resulted in reduced homeowner equity, and early signs of financial stress, especially among recent homebuyers, have begun to emerge.A significant negative event, such as a harsh global recession with substantial unemployment, could further reduce house prices and lead to an increase in loan defaults among households.Large-scale defaults…