UK digital bank Starling trims losses as revenue skyrockets 600%
The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — British digital bank Starling reported a sevenfold increase in revenue in the 16 months ending March 2021 as its lending soared, helping to...
BTCUSD Strongly Bullish
Technical analysis The four-hour time frame shows that a bullish inverted head and shoulders pattern has formed after the BTCUSD pair rallied back above the $32,000 resistance level. The Ichimoku indicator shows that the BTCUSD pair will break above the...
Euro Looks Forward to ECB, Canadian Dollar Rebounds With Oil Price
Dollar and Yen lost their position as the strongest ones as US stocks staged another day of massive rebound overnight, together with treasury yields. On the other hand, Canadian Dollar is currently the best performer for the week, helped by...
Crude Oil Volatility Causing Large Moves In USD/CAD
During Q2 of this year, Crude Oil (USOIL) had been on a tear moving from a low on March 24th of 57.28 to a high on July 6th at 76.95. Along the way, the black gold broke out of a...
The bond market is torn over the potential for higher inflation and lower growth
A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters A volatile environment for government bonds is reflecting a highly uncertain future for the...
GBPJPY powers up as negative risks endure
GBPJPY has pushed over the 150.65 barrier and is making efforts to test the resistance band of 151.30-151.60. The falling simple moving averages (SMAs) are defending the broader bearish move, while the uptick in the red Tenkan-sen line is suggesting...
Fintech OppFi goes public as CEO looks to alleviate America’s emergency savings drought
Jared Kaplan, CEO of fintech OppFi, told CNBC on Wednesday he wants to help alleviate Americans’ emergency savings worries. OppFi’s target customer is the “median U.S. consumer” who earns about $50,000 annually and has a bank account, Kaplan said. Artificial...
Could UK Retail Sales & Flash PMI Figures Stop the Pound Bears?
Boris Johnson lifted the final coronavirus curbs on Monday after a four-week delay, but the rising Covid infections made investors see the glass half empty, pressing the pound to a five-month low. UK retail sales for June and July’s flash Markit/CIPS PMI...
EUR/USD Outlook: Bears Remain in Play but Face Headwinds from Key Supports, ECB in Focus
The Euro hit new 3 –1/2 month low (1.1751) in European session on Wednesday. But bears started to face headwinds on approach to key supports at 1.1704/1.1694 (2021 low, posted on Mar 31 / Fibo 38.2% of 1.0635/1.2349 rally), that...
Dollar Rises Against Yen as Sentiments Recover Further
The forex markets appear to be turning into a consolidative phase for now. Yen is trading broadly lower as European indexes and US futures rebound further. Canadian Dollar is the strongest one with WTI crude oil reclaiming 68 handle. Aussie...
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