Wise debut turns the fintech’s founders into billionaires — here’s who else won big
Wise founders Taavet Hinrikus, left, and Kristo Käärmann. Wise LONDON — The founders of money transfer service Wise are now billionaires — on paper, at least. The British fintech company formerly known as TransferWise went public on the London Stock...
XAU/USD Outlook: Gold Extends Gains into Sixth Straight Day, Awaits Fed Minutes for Fresh Signals
Spot gold maintains a firm tone and is on course for a sixth straight day in green, as Tuesday’s upside rejection at pivotal Fibo barrier at $1813 (38.2% of $1916/$1750) failed to negatively impact bulls, which regained traction and pressure...
Dollar Softens as Risk Sentiments Stabilize, FOMC Minutes Next
The forex markets are generally range bound as traders await FOMC minutes. The main focus will be on discussions on the timing of tapering, which wasn’t clearly indicated in the statement and economic projections. Dollar’s rise appears to be losing...
USD Gains Ahead Of The Release Of The Fed’s Meeting Minutes
The USD tended to gain against a number of its counterparts yesterday, while gold prices continued to rise for a sixth day in a row and the US stockmarkets sent some mixed signals with Dow Jones retreating while Nasdaq reached...
Dollar and Yen Rebounds, Following Mixed Stocks and Sliding Yields
Yen and Dollar surged strongly overnight, but lost some momentum after on stocks recovered from initial steep selloff. Both are still firm with Asian markets in risk aversion mode. Canadian Dollar is currently the worst performing for the week, followed...
Elliott Wave View: Bitcoin (BTC) Looking For Further Downside
Short term Elliott Wave suggests the decline from May 20, 2021 high is unfolding as a diagonal. Down from May 20 high, wave 1 ended at 31107.46 and rally in wave 2 ended at 41341.57. The crypto currency declined again...
U.S. stock futures are slightly lower after S&P 500 snaps 7-day winning streak
Tourists visit the Wall Street bull statue in the Financial District, New York City. Drew Angerer | Getty Images U.S. stock futures opened slightly lower Tuesday night after the S&P 500 ended a seven-day winning streak, its longest since August....
Power of the Apes, ISM Slips, China’s big-Tech Crackdown, Oil Hits 6-Year High, Gold Rallies
Like my vacation, all good things must come to an end, and so must the S&P 500 index winning streak. Risk appetite is fleeing as investors return from the long holiday weekend with some jittery headlines on more crackdowns from...
EUR/USD: Bears Regain Control after Limited Consolidation
Bears regained control after brief consolidation was capped by falling 10DMA and fresh weakness is on track for eventual close below cracked pivot at 1.1836 (Fibo 76.4% of 1.1704/1.2266 upleg). Disappointing German data added to euro’s weak sentiment, as investor...
Can the Delta Variant Wreck Hopes of an End to Lockdowns?
The highly contagious Delta variant of Covid-19 has fast become the dominant strain around the world, spreading beyond Asia. Countries with low vaccination rates like Australia have had no choice but to reimpose draconian lockdowns, but in other places such...
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