News

Jul 09
Market Spotlight: EURUSD Sinks Following Hawkish ECB Minutes

Hawkish ECB Minutes Fuel Growth ConcernsYesterday’s ECB meeting minutes clearly highlighted the extent to which the bank has turned hawkish. The minute showed the bank focusing on inflation concerns and the need to tackle rising consumer prices. Indeed, many policymakers were seen calling on the need for more aggressive action and a frontloading of rate […]

Jul 09
Market Spotlight: Trading Today’s NFP Release

NFP In FocusToday’sUS labour data will be in sharp focus as traders brace for the upcoming JulyFOMC meeting. With the FOMC minutes this week confirming the Fed’s plans topush ahead with aggressive tightening (.75% July hike) and Fed’s Waller andBullard both voicing support for such a move this week, it would likely take aheavy downside […]

Jul 09
Binance users support 0-fee trading despite CZ’s wash trading concerns

CZ is open to implementing the changes regardless of the challenges that a new system would bring, as he said, “Let’s see what the poll say. We listen to our users.” 1915 Total views 6 Total shares Both traditional and crypto investors consider trading fees as one of the most significant liabilities when it comes […]

Jul 09
Baker Hughes reports a 5th straight weekly rise in the number of active U.S. oil-drilling rigs

Baker Hughes BKR, on Friday reported that the number of active U.S. rigs drilling for oil was up by 2 to 597 this week. That follows increases in each of the last four weeks. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by 2 to 752, according to […]

Jul 09
White House criticizes Texas Gov. Abbott’s order directing National Guard to deport undocumented immigrants

Published: July 8, 2022 at 1:39 p.m. ET White House press secretary Karine Jean-Pierre on Friday criticized Texas Republican Gov. Greg Abbott’s executive order that directs the National Guard to apprehend and deport undocumented immigrants. Immigration enforcement is a federal authority and states should not be “meddling in it,” she told reporters during a briefing. […]

Jul 09
Central Bank of Ireland welcomes publication of the International Monetary Fund’s assessment of Ireland’s financial sector

The IMF’s review recognises considerable progress in strengthening the framework for financial sector regulation, supervision and crisis management in Ireland. An increasingly large, complex and rapidly evolving financial system in Ireland raises new challenges for the future. Review makes targeted recommendations for further work, which will be considered by the Central Bank as it implements […]