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FX News Group

Options Technology announces New York office expansion

Options Technology, a provider of IT infrastructure to global financial institutions, has announced the expansion of its New York office. This move is part of the company's strategy to enhance its presence in key financi...

CoinDesk

Zcash seals $1.7 billion shielded pool as Ironwood upgrade activates

Zcash has successfully activated its Ironwood upgrade, which includes a significant change to its shielded pool. The upgrade retires the Orchard protocol, where a counterfeiting bug had gone undetected for four years. Th...

FXStreet

Gold Price Forecast: XAU/USD sits out the panic it was built for

The gold price has been trading near $4,020 in the New York morning, experiencing a decline of approximately 1.4% from its opening price of $4,075. This downward movement indicates a lack of buying interest, as the sessi...

ActionForex

US Consumer Confidence Falls to 90.8 in July, Expectations Remain Below Recession Threshold

The US Consumer Confidence Index decreased to 90.8 in July, indicating a decline in households' optimism about current business conditions and the labor market. Despite a modest offset from easing inflation expectations,...

Argaam

‎Red Sea unit upsizes SNB facilities to SAR 430.8M

Red Sea International Co.'s subsidiary, Fundamental Installation for Electric Work Co. Ltd., has amended its financing facilities agreement with the Saudi National Bank (SNB), increasing the total facility limit to SAR 4...

FXStreet

Australian Dollar: RBA keeps hike option alive – BNY

The Reserve Bank of Australia (RBA) has left the door open for a potential rate hike at its next meeting on August 7, according to BNY's Geoff Yu. This comes after RBA Governor Michele Bullock indicated that inflation re...

FXStreet

Silver Price Forecast: XAG hits fresh YTD low, bears eye $54 breakdown

Silver prices experienced a significant decline this week, hitting a fresh year-to-date (YTD) low of $54.77 per troy ounce before recovering slightly to $56.00. The weekly loss exceeds 6.50%, driven by weak industrial de...

FXStreet

South Korea: Faster hiking path – DBS

DBS Group Research economist Ma Tieying has highlighted a hawkish shift by the Bank of Korea (BoK), which raised the base rate to 2.75%. The report now forecasts a faster tightening cycle, with the policy rate expected t...

LeapRate

Wise Group Reports 25% Revenue Growth in Q1 FY27, Take Rate Dips to Record Low 50bps

Wise Group, a leading fintech company in cross-border payments, reported a 25% year-on-year revenue increase to $714 million in Q1 FY27, driven by a 27% rise in transaction revenue to $540.9 million and a 26% growth in c...

CoinTelegraph

FTX to distribute $900M to creditors in fifth payment round

The FTX Recovery Trust has initiated its fifth payment round, allocating $900 million to creditors as part of its ongoing bankruptcy proceedings. Since November 2022, the exchange has distributed approximately $10 billio...

FXStreet

Mexican Peso tumbles as Iran war jitters, denting Peso’s appetite

The Mexican Peso (MXN) fell over 0.65% against the US Dollar (USD) during Friday’s trading session as geopolitical tensions between the US and Iran escalated, driving investors toward the USD as a safe-haven asset. Despi...

Finance Magnates

Weekly Recap: NinjaTrader-Alpha Split; FundedNext Brings AI to Prop Trading

The week saw heightened scrutiny of the retail prop trading industry following a dispute between NinjaTrader and Alpha Futures, which exposed risks related to infrastructure dependency and payout security. NinjaTrader te...

FXStreet

China: Stagnation to persist as growth model shifts – Commerzbank

Commerzbank's Dr. Henry Hao highlights that China's housing market remains in structural stagnation five years after the Evergrande crisis. National property prices follow an L-shaped trajectory, while Tier-1 cities show...

Forexlive

investingLive Americas market news wrap: Stock markets struggle on Kimi, higher oil and NFLX

The US stock markets faced downward pressure on Friday as concerns over the open-source AI model Kimi K3 sparked fears of reduced profitability for AI training infrastructure. The Nasdaq fell 1.3%, with chip stocks like...

CoinTelegraph

Galaxy lands 15-year Texas Tech stadium naming rights deal

Galaxy Digital has secured a 15-year naming rights deal for Texas Tech University's football stadium, marking a significant expansion into West Texas. The agreement underscores the growing influence of cryptocurrency fir...

FXStreet

British Pound slips for second straight day as Oil spike revives inflation fears

The British Pound fell for the second consecutive day, declining 0.22% against the US Dollar as rising oil prices reignited inflation concerns. Geopolitical tensions in key oil-producing regions pushed crude prices highe...

FXStreet

Singapore Dollar: Range trade holds near recent lows against US Dollar – UOB

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann observed that the USD/SGD pair has stabilized following a prior sell-off, currently trading near 1.2905. They anticipate intraday price action to rema...

Finance Magnates

Inside the prediction markets: Malta Drafts Rules as Blockchain.com and Jump Trading Expand Their Reach

Malta is developing a dedicated regulatory framework for prediction markets, positioning itself as the first EU member state to create a bespoke regime for this asset class. The government aims to grant the Malta Gaming...

Cointelegraph

Crypto Biz: When dollars disappear, stablecoins step in

Bolivia is considering recognizing Tether's USDT stablecoin as a solution to its severe dollar shortage, which has been exacerbated by economic instability and capital controls. The move aims to facilitate cross-border t...

FXStreet

Gold climbs as Iran war premium revives Fed hike risk

Gold prices rose 0.92% on Friday as escalating US-Iran tensions pushed energy prices higher, fueling inflation concerns and reigniting expectations of a Federal Reserve rate hike. The conflict has driven crude oil prices...