Does DeepSeek matter for Forex? Citi weighs in

Will we see further consolidation on EUR/CAD? The pair appears to be finding a ceiling at the top of its range once more, possibly setting its sights lower. Take a look at these near-term inflection points. EUR/CAD 4-hour Forex Chart by TradingView The lack of major catalysts from both the eurozone and Canada seems to…

By Ambuj Tewari, University of Michigan  State-of-the-art artificial intelligence systems like OpenAI’s ChatGPT, Google’s Gemini and Anthropic’s Claude have captured the public imagination by producing fluent text in multiple languages in response to user prompts. Those companies have also captured headlines with the huge sums they’ve invested to build ever more powerful models. An AI…

The Financial Industry Regulatory Authority (FINRA) said Wednesday that it has fined Apex Clearing Corporation $3.2 million for multiple regulatory violations related to its fully paid securities lending programme. The fine follows an investigation by the firm into Apex’s handling of customer loans, disclosures, and supervisory systems between January 2019 and June 2023. According to…

Financial market action was as mixed as a bag of nuts this week, as some asset classes like bitcoin were still riding the post-election high while others like crude oil moved on to the usual supply and demand dynamics. Inflation data from the U.S. and less dovish Fed commentary were key factors as well,…