Dutch challenger bank Bunq has outlined its ambitious plans for global expansion, aiming to increase its headcount by 70% to over 700 employees. This growth strategy sets it apart from other financial technology startups that have resorted to cutting jobs in recent times. Despite operating in multiple EU markets, Bunq is now looking to penetrate
EUR/USD is holding steady above the 1.1000 mark as traders eagerly anticipate the European Central Bank (ECB) policy decision. The pair struggles to gain significant traction during the Asian session, hovering just above the psychological 1.1000 level. This comes after a four-week low was touched the previous day, indicating a sense of reluctance among traders
The recent release of U.S. core inflation data has caused some turbulence in the global markets. While Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, the dollar managed to hold onto gains after the data showed a slight surprise on the upside. This surprise dashed hopes of a significant rate cut
The New Zealand Dollar (NZD) is currently facing a critical juncture in the market, with analysts predicting a potential test of the 0.6115 level if it remains below 0.6185. Despite the possibility of a drop, a significant break below 0.6115 is not expected in the near future. The recent trading range has seen NZD fluctuate
Warren Buffett’s Berkshire Hathaway has been in the spotlight recently after offloading a significant amount of Bank of America shares, totaling over $7 billion since mid-July. This move has reduced Berkshire’s stake in the bank to 11%. The conglomerate sold a total of 5.8 million BofA shares in separate sales over three consecutive days, fetching
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The gold market has been consolidating gains below the $2,530 resistance level, indicating a period of indecision among traders. The 4-hour chart of XAU/USD shows a key contracting triangle forming with support at $2,495, suggesting that a breakout is on the horizon. While gold prices have remained stable above the 100 Simple Moving Average and
The EUR/JPY pair has been on a downward trajectory for the second consecutive day, hitting a low not seen in over a month. The decline can be attributed to a combination of factors such as a softer risk tone in the market and increased bets on a rate hike by the Bank of Japan (BoJ).
Gold prices experienced a 0.30% increase on Tuesday, driven by a decline in US Treasury yields and a weakening US dollar. Traders are anxiously awaiting the release of crucial US inflation data, as well as the outcome of the first presidential debate between Kamala Harris and Donald Trump. These events have the potential to significantly
The policymakers in China are currently evaluating a proposal to increase the retirement age in the country, which is currently one of the lowest in the world. The discussions took place during the 11th meeting of China’s Standing Committee in Beijing, highlighting the gravity of the situation. This move is seen as a crucial step
The recent debate between Republican Donald Trump and Democratic Vice President Kamala Harris has left Wall Street investors on edge. Despite a heated exchange over various topics, including the economy and immigration, the lack of clarity on key policy issues has left many uncertain about the impact on financial markets. The debate did little to
Shane Oliver recently shared his insights on the US Jobs Report and its potential impact on the AUD/USD exchange rate. He highlighted the significance of the US CPI Report in determining near-term trends for the currency pair. Oliver suggested that weaker-than-expected US inflation figures could outweigh softer Australian consumer inflation expectations, leading to a possible