Forex News
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President Yoon Suk Yeol apologized to the public for his wife Kim Keon Hee’s acceptance of a Christian Dior bag from a pastor in 2022, during a press conference to commemorate the second anniversary of his presidency, Thursday. This was the first time he publicly apologized for the issue, as he had previously expressed regret rather than offering a formal ...
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The former translator of Los Angeles Dodgers superstar Shohei Ohtani has agreed to plead guilty to illegally transferring $17 million out of the baseball phenom’s account without his knowledge, authorities said Wednesday. Ippei Mizuhara, 39, will plead guilty to single counts of bank fraud and subscribing to a false tax return, according to federal ...
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Bond markets make the financial world go round, helping to grease the wheels of commerce, allowing economic activity to expand. But when too much debt is issued, it can overwhelm demand, causing borrowing costs to spike which can be detrimental to the economy. This balancing act is attracting plenty of interest right now, especially when it comes to trends ...
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Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly declines. In April, employment rose among core-aged men (25 to 54 years old) (+41,000; +0.6%) and women (+27,000; +0.4%) as well as for male youth aged 15 to 24 (+39,000; +2.8%). There ...
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I would like to thank the Texas Bankers Association for the invitation to share my thoughts with you at this year's Annual Meeting.1 My remarks today focus on financial stability and the role of banking regulators in promoting financial stability and resiliency in the financial system.2 I will also describe principles that are complementary to promoting safety and soundness—to help inform the regulatory and supervisory agenda. Of course, it would be difficult to provide an exhaustive list of the financial stability risks facing the financial system in the time we are together today. So, while I will highlight a few key risks, one must approach this topic with humility, acknowledging that there are limits to a regulator's ability to anticipate every possible financial stability risk in a dynamic and increasingly interconnected world. Financial stability is an important function of the Federal Reserve. Our financial stability function is supported through appropriate monetary policy, bank supervision and regulation, and by monitoring risks in the U.S. and abroad. A stable financial system provides a solid foundation for a healthy banking system and a growing economy that facilitates maximum employment and stable prices. The Fed's recently published Financial Stability Report discusses financial stability risks in terms of interactions between shocks and vulnerabilities. A financial stability shock is an adverse event or series of events that often occur without warning and severely affect the financial system. A financial stability vulnerability includes a specific characteristic of, or activity conducted in, the financial system that can increase the severity of a stress event when a shock occurs.3 Since shocks are difficult to predict, the Federal Reserve's monitoring efforts primarily focus on vulnerabilities and the buildup of risks that can accrue over time potentially affecting the resiliency of the financial system. post: FED'S BOWMAN DOES NOT COMMENT ON MONETARY POLICY OR THE ECONOMY IN REMARKS PREPARED FOR DELIVERY AT TEXAS BANKERS ASSOCIATION CONFERENCE.
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UK gross domestic product (GDP) is estimated to have increased by 0.6% in Quarter 1 (Jan to Mar) 2024, following declines of 0.3% in Quarter 4 (Oct to Dec) and 0.1% in Quarter 3 (July to Sept) 2023. Compared with the same quarter a year ago, GDP is estimated to have increased by 0.2% in Quarter 1 2024. In output terms, services grew by 0.7% on the quarter ...
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Royce Mendes, managing director and head of macro strategy at Desjardins, joins to discuss the health of the Canadian consumer as retailers post cautious outlooks. Mendes says ...
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The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade expanded at the start of the second quarter of 2024, ...
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An ugly jobless claims print was the day's early catalyst sending yields significantly lower, stocks, gold, oil, and crypto higher and the dollar down with rate-cut expectations ...
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UK gross domestic product (GDP) is estimated to have increased by 0.6% in Quarter 1 (Jan to Mar) 2024, following declines of 0.3% in Quarter 4 (Oct to Dec) and 0.1% in Quarter 3 ...
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Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly ...
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In the week ending May 4, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 22,000 from the previous week's revised level. The previous week's ...
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AUDUSD has been in a steady advance since its bounce off the five-month low of 0.6363 in mid-April. Although the pair has been rejected at the 0.6643-0.6666 range three times so far in 2024, the bulls do not seem ready to give up. If buying pressures persist, the price may initially test the recent rejection region of 0.6643, which also held its ground in ...
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The AUD/USD currency pair on Thursday bounced off the trendline support at about 0.6563 to trade at about 0.6620. The currency pair appears to have completed an upward breakout from a descending channel formation in the 60-minute chart. The pair has now advanced to trade a few levels above the 100-hour moving average line. As a result, the currency pair is ...
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Dear valued clients, In order to provide you with better online trading services, we will be launching a brand-new upgrade to our Client Portal and App this coming weekend: The maintenance and upgrade of the Client Portal will take place from 00:00 to 19:00 on May 11, 2024 (GMT+3). During this period, the servers will also be temporarily suspended, and you ...