Forex News

Exciting Times Ahead for HSBC Innovation Banking From SVB UK to HSBC Innovation Banking HSBC announced the launch of its HSBC Innovation Banking division today, integrating the formerly independent Silicon Valley Bank UK (SVB UK) and initiating dedicated innovation teams in the US, Hong Kong, and Israel. This strategic move aims to bolster a global,…

The world of finance is fraught with surprises, and a significant source of these surprises often emanates from the U.S. Federal Reserve. Its decision-making process, particularly around interest rate hikes, can often take an unexpected turn, much to the surprise of financial markets. The Historical Surprise Factor: When the Fed Defies the Odds There have…

Market Update: AUD/USD Continues its Winning Streak Another Day, Another Gain AUD/USD is up another 0.5% today with the dollar slipping a little in European trading at the moment. If the gains hold, it will mark 8 out of the last 9 days that the pair has posted an advance. That’s a solid run on…

The Impact of Recent NFP Data on the Market Unemployment Rate and Weekly Hours The recent release of the NFP data revealed concerning factors such as a higher unemployment rate and lower average weekly hours. Despite these numbers, the market has not experienced a significant impact, particularly in the Russell 2000. The labour market has…

Sing Your Heart Out: Karaoke System Market Set to Hit $6.8 Billion by 2031 Description: Increase in consumer spending on entertainment and rise in demand for music systems in the commercial sector are the significant karaoke system market drivers Wilmington, Delaware, United States, June 12, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The…

The NFP Data and ISM Services PMI: What Does it Mean for the Economy and Market? Introduction The recent beat in the NFP data accompanied by weakening details like the higher unemployment rate and lower average weekly hours, hasn’t weighed too much on the S&P 500 as it saw a resilient but less tight labour…

Are You Ready for a Rollercoaster Ride in the Markets? Get Ready for a Busy Week Ahead! We have a busy week ahead with several key economic events and announcements from central banks. On Tuesday, in the United States, the focus will be on the release of the CPI data. In the United Kingdom, BoE…

Expanding Investment Opportunities: Plus500 Introduces AI Technology Index What is the BITA Artificial Intelligence US Giants Index (BAIGUI)? Recently, Plus500 (LON:PLUS), the global multi-asset fintech group, made a significant addition to its range of financial instruments by including the BITA Artificial Intelligence US Giants Index (BAIGUI). This index is aimed at providing investors with exposure…