A widely used pricing reference in FX markets is under fresh scrutiny as the Foreign Exchange Professionals Association (FXPA) moves to clarify how traders should interpret spread grids. The industry body has published new guidance to address persistent misunderstandings that can distort execution…
1052 ET - Robinhood Markets' prediction markets business is gaining momentum with volumes accelerating over the past week, putting the metric on track to land nearly 40% ahead of analysts' estimate for the second quarter, Truist Securities analysts say in a note. Prediction revenue could see even g…
The South African rand was steady on Monday as investors awaited a batch of month-end economic data to assess the state of Africa's largest economy and anti-immigration protests planned for Tuesday.
By Karen Brettell and Amanda CooperThe dollar edged lower on Monday but remained near a 13-month high, supported by optimism over U.S. economic growth, the prospect of Federal Reserve interest rate hikes, and a continuing AI-driven boom in U.S. equity markets that has been drawing in capital at a r…
Japanese authorities seem to be refraining from further interventions to curb the yen's weakness, XM analyst Achilleas Georgolopoulos says as the yen falls to a near two-year low against the dollar. The yen is weaker after the Japanese government published its draft economic blueprint urging the Ba…
The Japanese Yen touched 161.95 against the USD, the lowest since December 1986.Over the past 4 weeks, US Dollar Japanese Yen gained 1.43%, and in the last 12 months, it increased 12.61%.
Trading Technologies has upgraded its TT Trade Surveillance platform with a new Market Replay tool and enhancements to its enterprise case management system, expanding the capabilities available to compliance teams monitoring activity across multiple asset classes.The latest release builds on TT Tr…
The euro could struggle to recover unless there is a significant improvement in eurozone economic activity data, Rabobank's Jane Foley says in a note. Changing levels of enthusiasm for the euro since last year have played an underestimated role in the movements of the euro-dollar exchange rate, she…
The US dollar index eased to 101.2 from the 14-month high of 101.8 on June 24th as lower inflationary risks drove the market to scale back the magnitude of rate hikes expected by the Federal Reserve.US and Iran were set to resume peace talks after halting their recent attacks.This added continuity…
The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt slipped.The loonie FX_IDC:USDCAD was trading 0.1% lower at C$1.4203 to the greenback, or 70.41 U.S. cents, after trading in a range of 1.4176 to 1.4209.Canadian government 10-year bond yields (C…
Sterling and U.K. government bonds have welcomed remarks about the need for sound finances by Andy Burnham, who is expected to succeed U.K. Prime Minister Keir Starmer, ING's Chris Turner says. However, Burnham is yet to set out details on his plans to alter spending commitments and how those chang…
For years, the FX and CFD industry has relied on fragmented broker reports to understand market performance. While individual firms regularly publish trading volumes and account figures, differences in reporting methods, timeframes, and metrics have made meaningful comparisons difficult.Without a c…
Erste Bank Polska SA GPW:EBP:
The pound remained above $1.32, recovering from a recent seven-month low, after Andy Burnham, the sole candidate to succeed Keir Starmer, has vowed to significantly devolve fiscal powers from Westminster to local authorities if elected, while maintaining fiscal discipline.In his first major speech…
Sterling rises slightly after Andy Burnham, the frontrunner to succeed Prime Minister Keir Starmer, vowed to boost growth across the U.K while reaffirming his commitment to meeting the fiscal rules. Burnham said his plans to improve growth and raise living standards will be backed by "sound" public…
By Amanda CooperThe pound, set for its largest monthly drop since March, edged up on Monday as Andy Burnham, Britain's likely next prime minister, laid out his plans for the economy in his first speech since becoming a lawmaker.Burnham, who returned to Westminster this month after winning a parliam…
By Amanda CooperThe dollar was headed for its biggest monthly gain in nearly a year on Monday, supported by the growing chances of rate rises and optimism about the U.S. economy, as investors watched developments in the Gulf ahead of a key jobs report later this week.The U.S. and Iran traded fresh…
The euro is relatively firm ahead of a busy week that could reshape expectations for monetary policy in both the euro area and the United States, DHF Capital S.A's Bas Kooijman says in a note. Attention is centered on the European Central Bank's forum in Sintra, Portugal, where policymakers could p…
By Mike DolanWhat matters in U.S. and global markets todayBy Mike Dolan, Editor-at-Large, Finance and MarketsIs it over or not? World markets that assumed the Middle East conflict was over and done with got a rude awakening over the weekend after the United States conducted fresh strikes on Iran in…
1026 GMT - The dollar could weaken by year-end as the Federal Reserve probably won't raise interest rates as markets anticipate, MUFG Bank analysts say in a note. New Fed Chairman Kevin Warsh's tough rhetoric on inflation fueled bets the Fed could lift rates. However, the Fed is likely to keep rate…
