September 28, 2022
  • September 28, 2022

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NZD/USD: positively placed ahead of the RBNZ

by on February 22, 2022 0
Economists widely expect the Reserve Bank of New Zealand (RBNZ) to raise its overnight rate by 25 basis points on Wednesday for the third consecutive time. Whether or not the central bank‘s decision holds any surprises doesn’t detract from what could ultimately turn out to be a positive technical setup for NZD/USD down the... Read More

USDJPY pulls back on news of Russian troops

by on February 14, 2022 0
JPY The pair is trading in the mid-range but off session highs as markets resume movement USDJPY falls below 100 hour MA the USDJPY USD/JPY USD/JPY is the currency pair comprising the United States dollar (symbol $, code USD) and the Japanese yen from Japan (symbol ¥, code JPY). The pair’s rate indicates how... Read More

EU Says Stablecoin Bill Coming in March

by on February 11, 2022 0
The Chinese digital yuan may be the biggest central bank digital currency (CBDC), but a digital euro is coming. European Union Commissioner for Financial Services Mairead McGuinness announced plans on Feb. 9 to introduce a bill creating a digital euro next year, according to Politico. Based on current experiences, this means that an EU... Read More

CBDC: Fed notes downsides of digital coins

by on January 28, 2022 0
This week in Central Bank Digital Currencies (CDBC), the Federal Reserve is issuing a warning about a national digital currency, as Japan and Iran show more interest. Additionally, Russia is testing the digital ruble while its finance ministry says cryptocurrency should be regulated, not banned. Fed report notes disadvantages of CDBC While the US... Read More

German 10-year bond yield is trading in positive territory

by on January 19, 2022 0
Outgoing Finance Minister and new German Minister Chancellor Olaf Scholz delivers a speech during the handover ceremony with his successor at the German Federal Ministry of Finance in Berlin, Germany, December 9, 2021. Tobie Schwarz | Reuters Borrowing costs for the German government continued their ascent on Wednesday, with the benchmark 10-year Bund yield... Read More

The inflation challenge for central banks

by on January 16, 2022 0
idea room There is still considerable uncertainty about the trajectory of the Covid-19 pandemic and its effects on the global economy. Inflation has recently increased around the world and many central banks around the world will raise their key rates to stabilize inflation in 2022, says Dr. Murat Ungor. GDP fluctuations to date during... Read More

Stocks fall as hawkish central bank tilt upsets markets

by on December 17, 2021 0
A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage house in Tokyo, Japan, September 21, 2021. REUTERS / Kim Kyung-Hoon Register now for FREE and unlimited access to Register Stocks slide in all regions, oil prices fall The BoJ takes... Read More

The Central Bank will launch a CBDC

by on November 17, 2021 0
The President of the Central Reserve Bank of Peru (BCRP), Julio Velarde, announced that they are working on the development of a CBDC in collaboration with other central banks around the world. As the country experiences instability and inflation in goods and services, the central bank is discussing financial models to tackle the looming... Read More

FOREX-Dollar declines with Fed policy decision in sight

by on November 1, 2021 0
* Chart: Global exchange rates (add analyst comment, update prices) By John McCrank NEW YORK, Nov. 1 (Reuters) – The dollar eased against its main rivals on Monday, after posting its biggest daily rise in more than four months in the previous session, as traders position ahead of the highly anticipated meeting of... Read More

Towards green balance sheets for central banks

by on October 28, 2021 0
In 2020, the Bank of England (BoE) became the first central bank to disclose climate risks associated with its monetary portfolio. In a report, the UKThe central bank has taken stock of its climate-related financial risks in all of its operations, including how it manages them. There is now no doubt among central bankers... Read More

Forex black market: new arrests looming

by on October 7, 2021 0
The herald Farirai Machivenyika Senior reporter More and more people illegally smuggling foreign currency will soon be arrested and more financial institutions charged as the government slams the whip against those who drive and manipulate the black market despite the fact that Zimbabwe’s foreign currency inflows are more than enough to purchase all necessary... Read More

New Zealand central bank raises interest rates

by on October 6, 2021 0
WELLINGTON, New Zealand — The New Zealand central bank has raised interest rates to a record high and signaled further increases over the next year as it seeks to control inflation and curb the surge in house prices. By raising its key rate from 0.25% to 0.5%, the Reserve Bank of New Zealand has... Read More

FX: Will risk appetite eclipse rate decisions and data?

by on October 4, 2021 0
Investors have started this busy trading week with concerns about how central bank policy will change in a broader recovery. They have fallen by more than 300 points and while these declines are often due to signs of economic weakness, potential policy changes in response to recoveries can also weigh on market sentiment. The... Read More

Central banks look to two-tier retail CBDC model amid disruption fears

by on September 23, 2021 0
Source: AdobeStock / pedrosala According to a recent report by an international risk assessment firm Moody’s. “Based on the existing and proposed pilot programs, the development of the CBDC is done in conjunction with the existing financial market infrastructure, the two-tier model,” the report said, adding: “Under this approach, banks and other financial intermediaries... Read More

Should central banks take climate change into account when formulating monetary policy? Here’s what Kenneth Rogoff has to say

by on September 18, 2021 0
“Central banks must think about preserving financial stability, stability of inflation, they are not responsible for imposing a carbon tax,” said Kenneth Rogoff, professor of economics at Harvard University. An unusual question has been raised in the central bank’s public debates by an unusual person. Urjit Patel, former Governor of the Reserve Bank of... Read More

NZD / USD Forex Technical Analysis – Confirmation of Closing Price Reversal Shifts Momentum to Higher

by on August 23, 2021 0
The New Zealand dollar edged higher on Monday morning as risk appetite improved with winning stocks and benchmark government bond yields rising. Initial strength is likely fueled by short hedging and squaring of positions after the currency rout last week. Last week, the Kiwi fell to a multi-month low after the Reserve Bank of... Read More

Nifty and Sensex win ahead of RBI meeting

by on August 4, 2021 0
A security guard walks past the Indian National Stock Exchange building in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images Indian stocks hit a record high on Wednesday as investors remained bullish amid the corporate earnings season and ahead of the central bank policy meeting. The Nifty 50 index rose 0.79% to 16,258.05,... Read More

Nothing to love, no saving grace

by on July 17, 2021 0
Fundamental Forecast for Australian Dollar: Bearish the the third week of July brings a calmer economic calendar for Australia; there are no events rated “high” on the DailyFX economic calendar. TThe Citi Economic Surprise Index for Australia, a measure of how data changes over time, closed the week at +35.8, slightly below its closing... Read More

What does central bank divergence mean for FX?

by on July 9, 2021 0
There has been a massive change in the world of central banking lately. Some have taken small steps towards getting out of cheap money and ultimately raising interest rates, but others have not. We appear to be entering a period when economies that raise their rates may see their currencies appreciate against those that... Read More

Weak reverse C&H pattern signals

by on July 5, 2021 0
The pair will likely resume the downtrend since this setup is usually a sign of a bearish continuation. Bearish view Sell ​​the AUD / USD and add a profit taking at 0.7460. Add a stop-loss at 0.7580. Lead time: 1-2 days. Bullish view Set a buy stop at 0.7530 and a take-profit at 0.7600.... Read More

Fall ahead of Fed and Aussie data

by on June 14, 2021 0
The pair will likely continue to move lower as bears target the next key support at 0.7650. Bearish view Sell ​​the AUD / USD and establish a profit taking at 0.7650. Add a stop-loss at 0.7600. Lead time: 1-2 days. Bullish view Set a buy stop at 0.7720 and a take profit at 0.7770.... Read More

ED publishes notice to cryptocurrency exchange WazirX on transactions of Rs 2790 crore

by on June 11, 2021 0
In a statement, WazirX said it complies with all applicable laws and will cooperate with the investigation. The Law Enforcement Branch issued a show cause notice to the WazirX crypto exchange for violating the Foreign Exchange Management Act 1999 (FEMA). These are transactions involving cryptocurrencies valued at Rs 2,790.74 crore, the Law Enforcement Directorate... Read More

ANZ, Westpac see Australian bank adopt flexible bond purchase plan in July

by on June 4, 2021 0
SYDNEY, June 4 (Reuters) – Economists from Australia’s two main lenders expect the country’s central bank to switch to a “flexible” quantitative easing (QE) program, underlining uncertainty over its possible decision to reduce its extraordinary stimulus plan. Westpac Banking Corp and ANZ Banking Group now expect Reserve Bank of Australia (RBA) to announce weekly... Read More

India must not miss the cryptocurrency bus

by on May 31, 2021 0
As India’s Covid-19 pandemic peaked in mid-May, Vitalik Buterin, the 27-year-old founder of Ethereum, donated $ 1 billion worth of cryptocurrency. dollars to support pandemic relief work in India. Our astonished media did not know what to think: some reported it as the greatest philanthropic contribution to help Indians affected by Covid, while others... Read More

Cathie Wood says central banks could add crypto to their balance sheets. Here is the list of bitcoin skeptical central bankers who think otherwise. | Currency News | Financial and business news

by on May 28, 2021 0
Cathie Wood is CEO and Chief Investment Officer of ARK Invest, which manages three of the most profitable ETFs of the past three years. ARK Invest Superstar investor Cathie Wood said on Thursday that central banks in emerging markets may add cryptocurrencies to their balance sheets to hedge against the effects of deflation as... Read More

G7 supports global minimum tax rate

by on May 25, 2021 0
Market players today Today we will listen attentively to the speech by French central bank governor Villeroy on the future monetary policy of the ECB at our Nordic summit. We will also look for German ifo numbers taking another leap forward, as the ZEW index indicates. We expect Hungary’s central bank to keep rates... Read More

Kuwait Central Bank issues warning regarding Bitcoin, Ethereum, DogeCoin, and other crypto investments

by on May 25, 2021 0
the Central Bank of Kuwait issued a statement on crypto assets and their risks. KuwaitThe company’s reserve bank says it aims to increase financial awareness and intends to encourage the Kuwaiti banking sector to adopt socially responsible business practices. The Central Bank of Kuwait shared information on the high risks involved in conducting transactions... Read More

NMBZ Urges Maintaining Forex Stability For Economic Growth

by on May 14, 2021 0
By Alois Vinga The National Merchant Bank of Zimbabwe (NMBZ), a leading financial services provider, urged the authorities to continue implementing efforts to maintain the stability of the prevailing exchange rate in order to support long-term economic growth. . Bank Secretary General Shumirai Pashapa made the remarks during the presentation of the NMBZ trading... Read More

Cryptocurrency investors stranded as banks block transactions

by on May 13, 2021 0
Cryptocurrency exchanges and investors face a new challenge with most banks unwilling to process such transactions. Sources said the problem started to arise in late February and in recent weeks some banks have ordered payment gateways not to process cryptocurrency-related transactions. Advertisements from cryptocurrency exchanges during the Indian Premier League as well as booming... Read More

Financial inclusion, stability of payments, efficiency and implementation of monetary policy touted as benefits of central bank digital currencies

by on May 10, 2021 0
Central bank digital currencies, using an electronic record or digital token to represent the virtual form of a country’s fiat money, could offer a range of benefits, according to a research report by the financial management firm Bernstein. . The report argues that in an environment where more than half of all payments are... Read More

The dollar and the Fed

by on May 9, 2021 0
A growing chorus of economists have argued that the Fed should aim for nominal GDP. Inflation of 2%, which the Fed is targeting at 2% (now on an average basis, but no term for the average has been declared) and real growth of 3%, has been an elusive but desired goal. In nominal terms,... Read More

Dollar near one-week low ahead of US jobs data

by on May 7, 2021 0
LONDON (Reuters) – The dollar was stuck around a one-week low on Friday, under pressure from US employment data which should underpin hopes of a strong economic recovery from the pandemic and increase investor risk appetite. FILE PHOTO: The US dollar bills are seen in front of the stock chart displayed in this illustration... Read More

Fed offers criteria for fintechs seeking central banking services

by on May 5, 2021 0
WASHINGTON – The Federal Reserve has proposed new guidelines for regional banks in the system when considering giving access to fintech companies that have obtained a banking charter. The U.S. central bank‘s guidelines released on Wednesday could have huge ramifications on whether companies with restricted-use charters – often without Federal Deposit Insurance Corp. approval.... Read More

Bank cleaner or killer of the Indian economy?

by on March 9, 2021 0
NPAs, a shorthand term commonly used for “non-performing assets” among banks and borrowers, is proving to be a draconian provision for the entire business community. Bankers are also petrified by this app as it not only eats away at their good money, but also scares them with its implications time and time again, seeking... Read More

Credit counseling 101 | NextAdvising with TIME

by on March 9, 2021 0
You could have read this in your inbox. Sign up for our free weekly newsletter. No spam, just great advice. A valid email address is required. You must check the box to agree to the terms and conditions. Thank you for your registration! We’ll see you in your inbox soon. Editorial independence We want... Read More