<p>If you're still doubting the dollar's importance in every day use, you probably have to wait another year before people start entertaining that argument. The latest numbers from SWIFT this week shows that global payments are still very much all being done with the greenback and this snapshot is quite compelling evidence of that:&
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A comparative look at inflation in major economies to wrap up the year
<p>The snapshot is as per below:</p><p>Based on the above, it's more so now a question of inflation persistence rather than extremely high inflation. Sure, core prices are still much higher than the snapshot we're seeing but in general it is also reflecting a similar trend. I mean, it is quite telling when you compare it
Why Sponsoring and Exhibiting at FMevents Can Elevate Your Brand in 2024
<p>FMevents is the industry leader in premium events for attendees around the world, including three upcoming summits in 2024. This places a premium on brand recognition via sponsors and exhibitors, with FMevents setting a new standard in networking and business opportunities in the financial sector. </p><p>Every one of these worl
European equities nudge lower after Wall Street drop yesterday
<ul><li>Eurostoxx -0.3%</li><li>Germany DAX -0.3%</li><li>France CAC 40 -0.3%</li><li>UK FTSE -0.2%</li><li>Spain IBEX -0.1%</li><li>Italy FTSE MIB -0.2%</li></ul><p>US indices endured a volatile session yesterday before tilting lower and finishing at the lows
Voting Round Now Underway for the UF AWARDS MEA 2024
<p>Nominations for the UF AWARDS MEA 2024 may be closed, but the excitement continues with the <a href="https://uf-awards.com/mea2024/">live Voting Round</a> and the upcoming Awards Ceremony this January. At stake are some of the most highly coveted honors, where only the winners can truly lay claim to being recognised a
FX option expiries for 21 December 10am New York cut
<p>There are just a couple to take note of on the day, as highlighted in bold.</p><p>They are expiries for EUR/USD at 1.0900, 1.0955, and 1.1000. Put together, that should keep price action more contained and even more so considering the quiet nature of trading sentiment in markets at the moment. It is the wind down […]
France December business confidence 98 vs 97 prior
<ul><li>Prior 97</li><li>Services confidence 100</li><li>Prior 99</li><li>Industrial confidence 100</li><li>Prior 99</li></ul><p>French business morale holds more or less steady on the month as employment conditions also hold up after the recent decline. But the overall r
Large Chinese banks reportedly to cut deposit rates on Friday
<p>The rates for 1-year or less tenure will be reduced by 10 bps to 1.45%. Meanwhile, 2-year rates will be cut by 20 bps to 1.65%, 3-year rates cut by 25 bps to 1.95%, and 5-year rates cut by 25 bps to 2.00%. All of this is to ease pressure on bank profits as an […]
ECB's de Guindos: It is too early to ease monetary policy
<ul><li>Interest rates are doing what they are supposed to do, which is bring inflation down</li><li>Once we see inflation converging to 2% target, then monetary policy might start to ease</li><li>But it’s still too early for that to happen now</li><li>The ECB remains data dependent</li><li&g
USD/JPY droops back towards key technical level, lower yields also weighing
<p>The post-BOJ bounce sure did not last long as the pair fails to push above the 145.00 mark before the latest retreat. The drop now sees the pair fall to 142.90 and closes in on the 200-day moving average (blue line) at 142.70. A drop below the key technical level will see sellers resume a […]