The year 2020 was a challenging year for the European banking sector, with many of Europe's largest financial institutions coping much worse with the crisis than their US peers. However, the last few months have witnessed a significant recovery, with the market cap of Europe's largest banks reaching almost pre-pandemic levels.

According to data presented by BuyShares.co.uk, the combined market capitalization of the largest banks in Europe jumped by almost 30% in the last six months reaching $438.6bn in May.

• The ATMNow project makes CaixaBank the world's first bank to offer a fully omni-channel experience, with the same quality, image and service on all its digital channels. 

• The bank plans to adapt its 9,000 ATMs to the new system by the end of July. 

Today, American Express unveiled the Global Business Spend Indicator (GBSI), its new survey of global businesses conducted with the Centre for Business and Economic Research (CEBR)^[1]. 

Klarna, the leading global payments and shopping service, and its industry-wide Influencer Council, have released their Influencer Marketing Whitepaper to serve as a guide for influencers and brands to advertise online responsibly.

emerchantpay, a global payment service provider, and leading cryptocurrency exchange platform Bittrex Global, have today announced a partnership that enables customers to purchase digital assets instantly usin

Wise, a global technology company building the best way to move and manage money internationally, announced the launch of its low-cost and fast international money transfers from India today. With this launch, Indians will be able to send money from the country to 44 countries globally, including the UK, US, Singapore, Malaysia, UAE, and countries in the Eurozone. The service is available across Android, iOS, and the web.

At launch, Wise’s service is:

SMEs make up 95% of businesses in many countries, and yet they are consistently underserved by banks around the world. Temenos and Canadian Western Bank (CWB) have innovated together to develop an Explainable AI-driven (XAI) solution, Temenos Virtual COO. Following TCF Online 2021, Temenos, the banking software company, announces that it has launched Temenos Virtual COO globally.

AUDUSD Overview:

Watch the video for a summary of today’s news releases, a review of the USD Index, and a complete Top Down Analysis of the AUDUSD.

AUDUSD Monthly:

Monthly support at 0.7532, resistance at 0.7835.

Over the last 4 months price has been testing and rejecting monthly resistance at 0.7835. Last month price formed an inverted hammer signalling a possible change in trend.