Capitolis has announced it is connecting to LCH’s FX Smart Clearing solution. This will add another layer of optimization benefits to help banks overcome the challenge of increased costs resulting from the introduction of the Standardized Approach to Counterparty Credit Risk (SA-CCR) and other risk measures in the FX industry, particularly relating to FX forwards, … Read more
US Dollar, GBP/USD, British Pound, Treasuries, Gilts, China, Moody’s – Talking Points The US Dollar resumed strengthening this week on global growth questions China’s economy is facing scrutiny, pushing investors toward Treasuries and Gilts Sterling survived a test of support levels, but will GBP/USD continue to hold up? Recommended by Daniel McCarthy How to Trade … Read more
The earnings season is almost over although Disney will release earnings tomorrow and Nvidia was scheduled to release later in the month. For today, the major releases showed: Lyft Inc (LYFT) BEAT: Q2 2023 USD: Adj. EPS 0.16, exp. -0.01, Revenue 1.02bln, exp. 1.02bln. Take-Two Interactive Software Inc (TTWO) MISS: Q2 2023 USD: EPS -1.22, … Read more
Interest was not raised even by discounts Passenger car sales in China fell 2.6 percent year-on-year to 1.79 million vehicles in July. It decreased for the second month in a row. Even discounts and government support measures did not convince buyers to buy more expensive consumer goods in economically uncertain times, when the housing market … Read more
Perth-based telecommunications and cloud gaming provider Pentanet (ASX: 5GG) reports that GeForce NOW Powered by its cloud gaming is now even more accessible for Australians through the regional launch of Samsung Gaming Hub. As an all-in-one game streaming discovery platform, Samsung Gaming Hub makes it easy for gamers of all ages and abilities to search, … Read more
Minerals sands supplier PYX Resources Ltd (LON: PYX) will benefit from the announcement by the Indonesian Ministry of Trade that it is easing export restrictions on ilmenite and rutile with minimum grades of titanium dioxide. Management expects to be awarded an export licence for titanium dioxide, imminently. This will boost revenues and profit. PYX has … Read more
Aston Bay Holdings Ltd. (BAY-TSXV) shares rallied in were active trading Friday, after company announced what it described as a “major copper discovery’’ at the Storm project in Nunavut. The announcement comes over two years after private Australian company American West Metals Ltd. gained an option from Aston Bay to earn an 80% interest in … Read more
The discussions about artificial intelligence, and specifically ChatGPT, run the gamut from “It’s the answer to all the things” to “The machines are going to kill us all.” In my limited testing of its efficacy, I’ve found it is an efficient way to gather information when compared to manual searches, and it can write decent … Read more
NetDania, part of United Fintech has announced it has been selected by Citi to provide advanced charting and data visualisation on its platform, Velocity 3.0. “The Velocity OS was purpose built to allow for an ecosystem of partnerships; and we see our clients benefitting greatly from NetDania’s rich data visualisation and advanced charting tools”, said … Read more
An initial move higher in Wall Street last Friday eventually faded into the close (DJIA -0.43%; S&P 500 -0.53%; Nasdaq -0.36%), as market participants took the opportunity for further profit-taking into the seasonally weaker month of August. The focus was on the US July non-farm payroll report, which saw a miss in job addition for … Read more