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EUR/USD could struggle to cling on to 1.10 – SocGen

Euro steady at 1.10. Aussie thunders towards 0.65. Economists at analyze the outlook of EUR/USD and AUD/USD pairs AUD/USD could return to the May/June low of 0.6458 EUR/USD mostly ignored the weakness in Yen and Yuan but could struggle to cling on to 1.10 as European stocks and yields retreat. The AUD is the biggest faller in […]

Cryptocurrencies under renewed pressure

Market picture The cryptocurrency market capitalisation fell 1.8% to $1.1 trillion over the last 24 hours as risky assets lost traction, dragging the Nasdaq lower. Markets were surprised by interest rate hikes in Australia and Canada, raising the chances of a similar move from the Fed next week. Bitcoin is trading near $26.4K, down 1.5% in 24 […]

U.S Durable Goods Orders Higher Than Expected

US, Durable goods orders for March. A higher than expected reading should be considered a sign of a strong US economy.

Shares of Activision Blizzard (ATVI.US) Slump 10% in Premarket

Shares of Activision Blizzard (ATVI.US), US video game company, are plunging 10% in premarket today. Slump was triggered by the decision of the UK regulator to block a $69 billion takeover of the company by Microsoft (MSFT.US).  The UK Competition and Markets Authority (CMA) said that antitrust concerns could not be solved by proposals made […]

Riksbank Raises Rates as Expected

The main rate in Sweden is now 3.5%. This level was expected and the previous wasot of 3.0%.  This is important news from the ECB’s perspective, as a 25bp hike and a 50bp hike are being considered at this point, although the consensus is directed more towards a smaller hike.  Riskbank comments: Swedish and EMU […]

The reported results of Microsoft (MSFT.US) and Alphabet (GOOGL.US) Boost Big-Tech Sentiment

The reported results of Microsoft (MSFT.US) and Alphabet (GOOGL.US) yesterday after the close of the Wall Street session performed really well and boosted investor sentiment in the technology company sector. MSFT’s results were particularly well received, managing to beat the upper end of analysts’ expectations for reported quarterly results. The improved results had a common denominator, the Cloud division […]

Asian stocks subdued amid banking woes, economic fears

Most Asian stock markets fell on Friday as comments from U.S. regulators failed to entirely quell fears of a banking crisis, while concerns over slowing economic growth also dented sentiment. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 0.3% and 0.5%, respectively, as sentiment soured towards property stocks after beleaguered developer China Evergrande Group’s (HK:3333) debt restructuring plan failed […]

March 2, 2023
By admin

Banks back ‘Japan Metaverse Economic Zone’

Major Japanese banks and tech firms have banded together on a metaverse infrastructure project that will, among other things, provide payments, authentication, and insurance services for users across platforms.   The new open metaverse infrastructure, called Ryugukoku, will use the metaverse construction framework Pegasus World Kit, developed by TBT Lab Group-owned JP Games. Backed by […]

March 1, 2023
By admin

Guidelines On How To Become Successful In Business Intelligence

Do you want to advance in your career? Business intelligence may be the key to your success. With the right skills and knowledge, you can become a valuable asset to any company. But what exactly is business intelligence, and how do you become successful in this field? Read on to find out. Define your goals […]

March 1, 2023
By admin

What are state-sponsored cyber attacks and do they use AI?

Artificial intelligence has played a very important role in modern cyber attacks. Although AI technology has been very important in creating safeguards to stop these attacks, it has also been used to make these attacks even more vicious. Many hackers are using both social engineering and AI to exploit targets more effectively.   A number of […]