Author: FX

Latest Research Shows Cryptocurrency Payments Widely Accepted Research shows 35% of 2,333 consumers prefer merchants accepting crypto payments.42% of tech-driven consumers buy cryptos for investment purposes while 33% buy them for shopping. is the most popular crypto transaction method followed by . As per the latest research conducted among 2,333 tech-driven consumers, more than 1 in 3 (35%) prefer merchants accepting crypto payments. The research was conducted in collaboration with the crypto-processing platform BitPay.Twenty-six percent of this research population believe they would even consider switching merchants to shops where crypto is accepted. While 1 in every 4 (23%) tech-focussed consumers…

Active and passive investing has been at the forefront of financial debate in recent years. Experts and analysts have strong opinions on the topic but there is no debate that both parties have valid points to consider when tackling this sensitive subject. This article aims to provide the relevant information to equip investors and traders with the correct tools to make informed investment decisions when faced with the active versus passive investing conundrum.What is Active Investing?Active investing is the process by which a portfolio manager selects suitable investments based on the independent valuations in order to outperform a specific benchmark…

The US Dollar is likely to be more stable in 2023 after two years of trending strongly higher. Strategists at Credit Suisse expect further USD weakness in Q1, followed by the development of a broad rangebound environment. Further USD weakness in Q1, followed by a broad range “For the DXY, we look for a test of a cluster of supports in the 102.99/101.99 zone – the March 2020 high, the 50% retracement of the 2021/2022 bull trend and importantly the back of the 2017/2022 five-year bull ‘triangle’ pattern. We then look for the DXY to find an important floor here.”…

POUND STERLING ANALYSIS & TALKING POINTSU.S. housing market data dominates headlines today.Weak economic data adds to lack of price action.Breakout requires stimulus. Recommended by Warren Venketas Get Your Free GBP Forecast GBP FUNDAMENTAL BACKDROPThe British pound has been rather indecisive of late which is to be expected at this time of year with minimal trading volumes and lack of fundamental stimuli. The economic calendar is equally as bare, with no high impact events scheduled for today (see economic calendar below). U.S. housing data will be the focus and with a housing recession being dominating headlines of recent, these metrics will…

Just to provide a bit of context, Ito is also touted to be a potential successor to Kuroda for the top job at the BOJ, and he has previously worked closely with Kuroda together at Japan’s finance ministry and was also Kuroda’s inspiration for adopting the 2% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did…

Roland Magnusson/iStock Editorial via Getty Images Japan’s Ministry of Health, Labour, and Welfare approved AstraZeneca’s (NASDAQ:AZN) immunotherapies Imfinzi and Imjudo to treat certain types of liver and lung cancers and Imfinzi to treat biliary tract and liver cancers. The approvals allow Imfinzi (durvalumab) in combination with Imjudo (tremelimumab) to treat adult patients with unresectable hepatocellular carcinoma (HCC) (a type of liver cancer) and to treat adult patients with unresectable, advanced or recurrent non-small cell lung cancer (NSCLC) in combination with chemotherapy. Imfinzi was also authorized for treating adult patients with unresectable HCC as monotherapy and to treat adult patients with…

© Reuters. Israeli designate Prime Minister Benjamin Netanyahu reads, as right-wing Knesset member Itamar Ben Gvir walks by at the plenum at the Knesset, Israel’s parliament in Jerusalem December 28, 2022. REUTERS/Ammar Awad By Maayan Lubell JERUSALEM (Reuters) – Prime Minister-designate Benjamin Netanyahu finalised coalition deals with allied parties, their spokespeople said on Wednesday, in final steps toward his political comeback at the head of one of the most right-wing governments in Israel’s history. Netanyahu, whose bloc of nationalist and religious parties won a clear election victory last month, is expected to swear his new government in on Thursday after…

KEY POINTS: Recommended by Zain Vawda Get Your Free EUR Forecast READ MORE: Inflation, China Covid Response and Ukraine Top 2023 Risk ChartsEUR/USD OUTLOOKEUR/USD experienced some whipsaw price action yesterday as the pair fluctuated between losses and gains for the majority of the day. The European open this morning has seen a slight bounce higher with a sustained break above the 1.07 level needed for the upside rally to continue.Currency Strength MeterSource: FinancialJuiceKeeping EUR/USD supported of late has been the more hawkish rhetoric from the European Central Bank (ECB) in comparison to the US Federal Reserve (FED). ECB policymaker Klaas…

The energy crunch in Europe has been a key story since the Russia-Ukraine conflict and there were major worries in the past few months over how things are going to play out during the winter. The good news is that milder weather has helped with the situation, meaning fewer households have been cranking up the heat this December.The data from Gas Infrastructure Europe showed Germany’s gas storage to be at 88.2% full as of Tuesday, up some 1% from the week before.Of note, gas demand in Germany fell to a six-week low over the Christmas weekend – clocking in at…

Gold price extends pullback from six-month high, renews intraday low of late. Easing optimism surrounding China, fading recession woes in the US weigh on XAU/USD price. Holiday season, immediate support line challenges Gold’s downside but bulls need validation from $1,825. Gold price (XAU/USD) remains pressured around $1,810 while snapping a two-day winning streak during the initial trading hour of Wednesday’s European session. In doing so, the yellow metal fails to justify the latest retreat in the US Treasury bond yields, as well as the US Dollar Index (DXY), amid the holiday season. US Dollar Index (DXY) takes offers to reverse…