NZD Slides into RBNZ Decision; EUR, GBP, AUD Extend Falls

Overview:

Watch the video for a summary of this week’s news releases, and a complete Top Down Analysis of the USDJPY.

USDJPY Weekly:

Weekly support at 109.84 and 107.47, resistance at 110.96 and 111.71.

Price has failed at the 110.96 and 111.71 weekly resistance highs. MACD is almost showing negative divergence signalling a potential change in trend at a strong resistance area.

AUD Steady Amid Covid Count, China Slowdown; CAD Dips, BOC Next

It needn’t be said that it’s been a difficult year for business owners. It was recently reported that four in five small businesses felt that they received inadequate government support during the crisis, with the total anticipated COVID-19 related costs exceeding £126.6 billion.

Gulf Bank has successfully launched the MX.3 integrating platform in collaboration with Murex, the global leader in trading, risk management and processing solutions for capital markets.

The platform implementation is a transformative step for Gulf Bank as it develops and automates its treasury and capital markets systems.

Giesecke+Devrient (G+D), a global security technology group headquartered in Munich, has invested through its Corporate Venture Capital arm, G+D Ventu

Lendsmart, an AI-driven digital lending platform, today announced they have integrated with Freddie Mac Loan Product Advisor^® (LPA^SM), the company’s automated underwriting system (AUS).

Freddie Mac and Lendsmart are working together to better serve and exceed customer expectations by improving the borrower experience and loan origination cycle.

Small business loan approval percentages at big banks ($10 billion+ in assets) climbed slightly from 13.5% in May to 13.6% in June 2021, while small banks’ approvals also rose from 18.7% in May to 18.9%, according to the latest Biz2Credit Small Business Lending Index™ released today.

Today Ascenda, the technology company that makes banking rewarding, revealed consumer confidence in travel is returning quickly according to leading indicators from its bank solution TransferConnect, the world’s largest global exchange for frequent traveller miles and points.

Verizon Business and Mastercard today announced a strategic partnership expected to drive transformational solutions for the global payments and commerce ecosystem. From contactless shopping and autonomous checkout technology to Cloud Point of Sale (POS) solutions, Mastercard and Verizon Business will collaborate to deliver scalable innovations that drive the industry forward and create new experiences for consumers and businesses alike.