French Finance Minister Bruno Le Maire has issued a warning that France could be on the brink of a financial crisis if the far-right party wins in the upcoming elections. Opinion polls suggest that Marine Le Pen’s National Rally (RN) is gaining traction, with promises to reduce living costs and increase public spending. Le Maire
The Japanese yen exchange rate against the US dollar has been under scrutiny as of late, and the latest developments do not paint a promising picture. The USD/JPY pair saw a rise to nearly 158.00 following the June meeting of the Bank of Japan where the interest rate remained unchanged. The market response seemed to
The financial technology industry is seeing a slump in investment, but one startup is defying the odds. CleverCards, a Dublin-based firm, has secured an impressive 8 million euros in funding to tackle the issue of employees abusing corporate expenses. By leveraging technology, CleverCards aims to provide companies with a digital platform linked to configurable expense
When analyzing the NZDUSD pair, it is evident that the pair has faced significant resistance around the 0.6220 level. Despite attempts to break through, the pair settled at 0.6170, indicating a struggle to move past this key resistance level. The Relative Strength Index (RSI) at 56 trending downwards suggests a drop in buying pressure. Additionally,
The financial technology industry has experienced a significant shift in recent years, with industry executives and investors indicating that the sector has reached a “bottom.” This observation suggests a departure from the unsustainable highs of 2020 and 2021 when venture capital flowed into startups with ambitious ideas but lacking in solid business metrics and fundamentals.
Crude oil prices have shown a strong recovery above the $75.00 resistance zone, marking a positive turn from the $72.65 lows. The price has managed to climb above key levels like $73.50 and $74.50, indicating a shift towards a positive trend. According to the 4-hour chart of XTI/USD, the price has surpassed both the 200
The recent decision by the European Union to impose tariffs on Chinese electric vehicles has been met with opposition from China and various stakeholders. Despite the EU’s argument regarding overcapacity in China’s EV industry, Beijing and industry insiders are eager to de-escalate the situation and strike a deal to avoid additional costs for Chinese electric
On Thursday, Asian currencies showed strength against a weakened dollar due to softer-than-expected U.S. inflation. The yen, however, remained under pressure ahead of the Bank of Japan meeting as U.S. policymakers indicated that interest rates would remain high. The euro and Aussie dollar both saw significant gains, with the euro rising by 0.6% and the
The ASX 200 saw a 0.53% increase in the Thursday morning session, with bank stocks leading the way. Commonwealth Bank of Australia (CBA) and National Australia Bank Ltd. (NAB) both rose by nearly 1%, while ANZ Group Holdings Ltd. (ANZ) and Westpac Banking Corp. (WBC) also saw gains of 0.47% and 0.52% respectively. This positive
Foundation Robotics Labs, a humanoid robotics startup, has been making bold claims in order to secure funding for their seed round. The company, cofounded by the CEO of bankrupt fintech firm Synapse, has been telling potential investors that they have close ties and an imminent investment from General Motors. However, upon further investigation, it has
The USD/CAD pair has rebounded to around 1.3730 in the early Asian trading session on Thursday, supported by a stronger US Dollar. This comes after the Federal Open Market Committee (FOMC) decided to keep interest rates unchanged for the seventh consecutive time during its June meeting on Wednesday. Following the FOMC announcement, there has been
The upcoming release of US economic data holds significant implications for the AUD/USD trading pair. Analysts are eagerly awaiting the monthly US producer prices report, with forecasts indicating a potential increase of 0.1% in May. This follows a notable uptick of 0.5% in April, and a lower-than-expected figure could prompt speculation of a Fed rate