Forex News
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Banknotes featuring a portrait of King Charles III entered circulation on Wednesday for the first time, the Bank of England said in a statement. Charles will be pictured on the front of the £5, £10, £20, and £50 banknotes, and will be seen through the notes’ see-through security window. Otherwise the notes will remain unchanged in their design. As well as ...
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Lawmakers from Turkiye’s ruling AK Party and the pro-Kurdish DEM Party brawled in parliament’s general assembly on Tuesday over the detention and replacement of a DEM Party mayor in southeast Turkiye. On Monday, police detained Mehmet Siddik Akis, mayor of the southeastern Hakkari province bordering Iran and Iraq, just two months after he won power in local ...
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Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: chart Wages grow ...
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Private sector employment increased by 152,000 jobs in May and annual pay was up 5.0 percent year-over-year, according to the May ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure and high-frequency ...
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Risk appetite has been waning in recent weeks and Monday’s session saw initial strength slowly fade. This was especially apparent in the FTSE as it shed nearly –1.4% from its early high to close in the red. Weakness then followed through in early trading on Tuesday and both the FTSE and DAX are lower by another –0.5%. Currencies, meanwhile, are not ...
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USD/JPY may squeeze higher in the near-term ahead of the key US ISM services PMI, attracting bids below the 50-day moving average after yet another lurch lower on Tuesday. USD/JPY rout stalls at 50DMA The daily chart tells the story, showing the modest bounce in USD/JPY after it traded through the level. While momentum remains to the downside, it’s ...
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Risk appetite has been waning in recent weeks and Monday’s session saw initial strength slowly fade. This was especially apparent in the FTSE as it shed nearly –1.4% from its ...
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There is universal anticipation that the Bank of Canada (BoC) will reduce its policy rate by 25 bps at its upcoming gathering on Wednesday, June 5. It will be the first rate cut ...
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Weak labor market data (JOLTS big miss) and mixed Orders (Manufacturing beat, Durables miss) sent 'hard' data' to its weakest since the start of the year.. chart ...and that ...
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Private sector employment increased by 152,000 jobs in May and annual pay was up 5.0 percent year-over-year, according to the May ADP® National Employment ReportTM produced by the ...
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In April 2024, compared with March 2024, industrial producer prices decreased by 1.0% in the euro area and by 0.7% in the EU, according to first estimates from Eurostat, the ...
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The UK services economy grew further midway through the second quarter, although some momentum was lost as expansions in business activity and new orders eased from their 11-month ...
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NZDUSD has been in an aggressive uptrend following its 2024 bottom of 0.5851 in mid-April. On Tuesday, the pair stormed to its highest level since March 8 before sustaining minor losses probably due to some profit taking. Should the bulls attempt to push the price higher, immediate resistance could be found at the February-March double top region of 0.6215. ...
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USD/JPY may squeeze higher in the near-term ahead of the key US ISM services PMI, attracting bids below the 50-day moving average after yet another lurch lower on Tuesday. USD/JPY rout stalls at 50DMA The daily chart tells the story, showing the modest bounce in USD/JPY after it traded through the level. While momentum remains to the downside, it’s ...
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Only a few weeks remain until the world’s premier online trading event, iFX EXPO International 2024, opens its doors to thousands of global industry professionals and C-level executives on the beautiful Mediterranean island of Cyprus. Registrations are still open for this year’s showpiece expo, which is back bigger and better than ever before, returning to ...