US Construction Spending Rises More Than Anticipated In January
The US dollar strengthened against its peers following the release of a strong rise in public construction expenditure. The USD/JPY pair hit a high of 111.62, from a low of 110.95. Likewise, the EUR/USD pair declined from a high of
Read MoreInvesco Blockchain ETF Launched On London Stock Exchange
Blockchain exchange-traded funds (ETFs) are a hot commodity right now and investors will be interested in the latest ETF that launched on the London Stock Exchange (LSE). Invesco has just launched its new Invesco Elwood Global Blockchain UCITS ETF. The
Read MoreInvestors Should Keep Eye On Gold Prices As Spike Expected
Gold has always been a valuable commodity but over the past few weeks were not that great. Many have blamed this drop due to a drop in the US labor market. However, it is currently experiencing a recovery from a
Read MoreECB Trims Eurozone Economic Outlook
On Thursday, the European Central Bank axed the growth and inflation target of the euro area, citing constant uncertainties, primarily external, and provided banks with more money through long-term loans to encourage lending to a weak economy. The bank also
Read MoreLack Of Insurance On Cryptocurrencies Keep Investors Wary
Cryptocurrencies have flourished in the last few years because of the uniqueness it brings to the market. One of its standout features is that digital money or cryptocurrencies are independent from the normal banking system. This allows crypto users to
Read MorePound Rallies On Impressive Growth Of UK Service Sector
At the early European session Tuesday, the pound was trading higher against its significant peers, as figures indicated that the UK services sector was expanding far more than anticipated in February. IHS Markit survey data indicated that the seasonally adjusted
Read MoreCustomers Unhappy With Daily IT Failures At UK Banks
According to Which?, banks in the UK are suffering because of IT failures which happen on a daily basis. These repeated IT failures are causing a lot of problems for customers who want to use their banks services for convenient
Read MoreUS Consumer Sentiment, PMI Data Signals Economic Slow Down
According to a report published by the Institute for Supply Management on Friday, growth rate in the US manufacturing sector stalled by even more than expected in the month of February. After jumping to 56.6 in January, the ISM said
Read MoreAave Launches App Allowing Users To Pay Bills With Crypto
Aave, a Swiss based company that is focused on increased cryptocurrency adoption recently announced the launch of a cross-border payment service. The app is called ‘Aave Pay’ and allows users to use as many as 12 digital assets to make
Read MoreUK & USA Agree Derivatives Trading Terms Post Brexit
The US and the UK have made a joint announcement that the two countries would ensure that derivatives trading between the two will stay the same despite the changes that Brexit can bring. This could potentially protect the UK’s banking
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