Forex News
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Sam Bankman-Fried, the founder of the defunct crypto exchange FTX who was convicted on fraud and conspiracy charges last year, was sentenced to 25 years in prison Thursday in New York court. His sentence is well below the maximum statutory sentence of 115 years and the 40- to 50-year sentence prosecutors had sought, but also significantly above the ...
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The United States has seen its fair share of big-spender events over the last year or so: Taylor Swift’s Eras Tour, the Super Bowl, the Barbie movie—take your pick. And while all of those were manufactured spectacles, one natural occurrence is sitting right up there with them. Americans are expected to fuel another economic boom with travel and tourism to ...
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In the last price action installment, we looked at how traders can analyze a chart without any indicators, focusing solely on a market’s price structure to help with trading analysis and decisions. As shared there, trading in the direction of the trend can be helpful, as the future remains uncertain at all points in time, but one of the two tenets taught in ...
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The Consumer Sentiment Index in the United States rose 3.3% in March month on month to stand at 79.4, the University of Michigan revealed in its final report on Thursday. The figure jumped 28.1% on an annual level. The Current Economic Conditions Index gained 3.9% compared to the month prior and 24.4% from March 2022, amounting to 82.5 points. The Index of ...
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The Funded Trader, a prop trading firm that recently faced an array of complaints for payout denials, has “temporarily paused all operations” with promises of a relaunch. “Over the coming week, we will follow up with specifics as we work to resume operations,” a notice on the prop trading firm’s website noted with a countdown timer of 21 days. However, it ...
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Markets will continue to rally even if the Federal Reserve chooses not to cut interest rates this year, according to Steven Blitz, chief U.S. economist at TS Lombard. His comments come as investors await the release of further U.S. economic data and closely monitor clues from Fed officials about the expected number of interest rate cuts in 2024. Last week, ...
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Markets will continue to rally even if the Federal Reserve chooses not to cut interest rates this year, according to Steven Blitz, chief U.S. economist at TS Lombard. His comments ...
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Japan’s hints that it will take full action to support the yen will be broadly welcomed by global investors. The yen fell to its weakest level against the dollar in approximately ...
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According to the latest metrics, the US economy is defying traditional logic regarding Fed intervention and economic activity. Despite high rates, inflation continues to moderate ...
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Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the fourth quarter of 2023 (table 1), according to the "third" estimate released by the Bureau of ...
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The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 41.4 in March from 44.0 in February. This is the fourth straight monthly decline and the lowest ...
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The Consumer Sentiment Index in the United States rose 3.3% in March month on month to stand at 79.4, the University of Michigan revealed in its final report on Thursday. The ...
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The US Dollar Index (DXY) is fighting with 104.45 resistance today, a key level that will likely determine what we see from the dollar next week. In today’s video, I discuss what’s required from DXY bulls to open up levels like 105.00 and 106.00, and whether we’re likely to get a sweep of Tuesday’s wick near 104.00. The DXY is battling the 104.45 resistance ...
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The U.S. Dollar is nearing the end of Q1 trade and while the showing so far this year has been strength, price action has been entirely inside of the range established last Q4. While U.S. inflation remained strong and the labor market similarly echoed that strength, the Fed remained dovish and continued the trend that had started at the November 1st rate ...
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The Funded Trader, a prop trading firm that recently faced an array of complaints for payout denials, has “temporarily paused all operations” with promises of a relaunch. “Over the coming week, we will follow up with specifics as we work to resume operations,” a notice on the prop trading firm’s website noted with a countdown timer of 21 days. However, it ...