EBRD backs crowdfunding platform Funderbeam to plug SEE’s equity gap
Set up in Estonia in 2013, Funderbeam is the brainchild of former Nasdaq Tallinn Stock Exchange chief executive Kaidi Ruusalepp. The platform enables growth companies to raise equity, convertible and loan finance in either public or private funding rounds. A...
Australian Dollar Turns Soft after RBA Minutes, on Mild Risk Aversion
Australian Dollar weakens broadly in Asian session after RBA minutes suggested more rate cuts ahead. Commodity currencies are also generally lower on mild risk aversion. There is little support from news of US-Japan trade agreement. on the other hand, Swiss...
GBP/USD Turns Green, Can Bulls Remain In Action?
Key Highlights The British Pound climbed higher sharply above 1.2400 against the US Dollar. GBP/USD remains well supported near 1.2375 and a bullish trend line on the 4-hours chart. The NY Empire State Manufacturing Index declined from 4.8 to 2.0...
Chevron CEO says attack on Saudi Arabia’s oil facilities shows that ‘risk is real’
Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC The attack against Saudi Arabia’s oil facilities is a wake-up call to dangers in the oil market, according to Chevron CEO Michael Wirth. “Perhaps the market had grown a little bit...
Taiwan pushes hard – and late – into digital banking
Taiwanese citizens are said to live in a world of extreme convenience. Shops in most major cities are open 24 hours a day, 52 weeks a year After years of prevarication, Taiwan is finally entering the age of digital banking....
Expectations suddenly are rising that the Fed might not cut interest rates this week
Surging energy prices Monday helped add to sentiment that the Federal Reserve suddenly might not be in such a hurry to cut interest rates. While markets still see the central bank lowering its benchmark overnight lending rate by a quarter...
NZDUSD Risk Remains Lower On More Decline
NZDUSD with the pair closing lower the past week and extending that weakness during Monday trading today, further decline is envisaged. Resistance lies at the 0.6400 level where a break will turn attention to the 0.6450 level. A break of...
Oil ‘Supply Shock’ in Context
So-called oil ‘supply shocks’ have typically led to sustained oil price inflation, doing serious damage to the global economy and markets. Will this one? That’s partly because of the impact of higher prices, which inflate the cost of fuel and...
Euro & Sterling Weak after Johnson’s Meeting with Juncker Made No Progress
Euro drops broadly today on some dovish comments from ECB officials. Also, it’s believed that surge in oil prices could hurt Eurozone’s balance of payment. Sterling stays weak as meeting between Prime Minster Boris Johnson and EU Jean-Claude Juncker ended...
Saudi Strike Upends More Than Oil
Oil prices are up 8%, paring earlier gains of nearly 20% seen at the Asia open following the wide-ranging attack on Saudi oil infrastructure. The price spike signalled geopolitical worries rather than a loss of production. The chart below shows...