Forex News
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America’s most valuable postage stamp sold for nearly $4.4 million on Friday. The 1868 one-cent “Z” Grill was sold as part of the collection owned by “Bond King” Bill Gross, who co-founded asset management firm Pacific Investment Management Co., otherwise known as PIMCO. The winning bidder chose to remain anonymous. It’s the first time the stamp has been ...
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The S&P 500 hit yet another all-time high Monday, marking the 30th time the index reached a fresh high this year. The S&P 500 rose 41-point-6-3 points, or zero-point-seven-seven percent on Monday, to close the trading at five-thousand-473-point-2-3. The day's gains were largely driven by megacaps like Tesla and Apple, despite Nvidia edging lower. The index ...
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Yes, ChatGPT can generate code that is compatible with trading platforms such as MetaTrader 4 (MT4). In this way, the use of ChatGPT can be useful when users want to develop code for their trading strategies by giving explicit instructions to program the code for that specific topic. However, before you launch it, it may be necessary to perform further ...
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The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 2.8% in the 12 months to May 2024, down from 3.0% in the 12 months to April. On a monthly basis, CPIH rose by 0.4% in May 2024, compared with a rise of 0.6% in May 2023. The Consumer Prices Index (CPI) rose by 2.0% in the 12 months to May 2024, down from 2.3% in the 12 months ...
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The GBP/USD pair struggles to gain any meaningful traction on Wednesday and oscillates in a narrow trading band, around the 1.2700 round-figure mark during the Asian session. Spot prices, meanwhile, hold above a one-month low touched last Friday as traders keenly await the release of the latest UK consumer inflation figures before positioning for the next ...
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The State Administration of Foreign Exchange (SAFE) in the regulator: • Will strengthen countercyclical supervision, improve the solvency, deposit reserve mechanisms. • Studying broadening the scope of foreign shareholders in non-bank institutions. • China's forex market operation is resilient. • China's forex market faces increasing adjustment. • China's ...
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The GBP/USD pair struggles to gain any meaningful traction on Wednesday and oscillates in a narrow trading band, around the 1.2700 round-figure mark during the Asian session. Spot ...
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The State Administration of Foreign Exchange (SAFE) in the regulator: • Will strengthen countercyclical supervision, improve the solvency, deposit reserve mechanisms. • Studying ...
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The U.K. had some cause for celebration on Wednesday morning, as headline inflation hit the Bank of England’s 2% target for the first time in nearly three years. But the print ...
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The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 2.8% in the 12 months to May 2024, down from 3.0% in the 12 months to April. On a monthly basis, ...
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Producer input prices fell by 0.1% in the year to May 2024, up from a revised fall of 1.4% in the year to April. Producer output (factory gate) prices rose by 1.7% in the year to ...
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Current account recorded €39 billion surplus in April 2024, up from €36 billion in previous month Current account surplus amounted to €337 billion (2.3% of euro area GDP) in the ...
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AUDCAD rebounded strongly on Tuesday, extending its recovery above the key resistance zone of 0.9125. Overall, the pair is trading above the upper bound of a prior upward sloping channel and above all three of the plotted exponential moving averages (EMA). This paints a positive picture. The daily momentum indicators corroborate the bullish outlook. The RSI ...
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US yields and the dollar were lower on Tuesday as US retail sales came in softer than expected. Odds of a September cut rose to 61% from 56% ahead of the data and up from 46% one week ago – before last week's FOMC meeting. As a reminder, the Fed is veering towards one rate cut in 2024, which markets clearly interpret as September, even though the narrative ...
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CME Group, the world's leading derivatives marketplace, today announced its foreign exchange (FX) futures reached an all-time single-day volume record of 3.26 million contracts (equivalent to $314B notional) on June 12. The previous record of 3.15 million contracts ($296B notional) was set on March 8, 2023. In addition, FX Link, CME Group's anonymous, ...