Forex News
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That’s pretty rich. If you’re looking for luxury chicken wings with caviar that cost nearly $600 and a glass of $3,600 rosé, head to the Miami F1 Grand Prix. Formula 1 fans flocked to Hard Rock Stadium in Miami Gardens, Florida, for the third-annual Miami Grand Prix, which was a three-day affair that kicked off on Friday. Hard Rock International announced ...
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Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels. The Warren Buffett-led conglomerate posted an operating profit — which encompasses earnings from the company’s wholly owned businesses — that surged 39% to $11.22 billion from the year-earlier ...
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When it comes to Contracts for Difference (CFDs), one of the most common questions among traders is how long do you hold a CFD? Unlike some financial instruments, CFDs do not have a fixed expiry date and therefore traders can use different trading strategies at their will. Nevertheless, the period that you keep a derivative will affect both your trading ...
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post: Arab sources are reporting an assassination attempt against Saudi Crown Prince Mohammed bin Salman pic.twitter.com/XjlJIVS5Di post: Unconfirmed Reports tonight that a Heavily-Armed Security Convoy carrying the Crown Prince of Saudi Arabia, Mohammed bin Salman and several other High-Ranking Officials was Attacked earlier tonight within the Capital of Riyadh, in what appears to have been an Assassination… pic.twitter.com/uLjsjI4gPb
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post: Fed’s Barkin: Inflation Data This Year “Disapppointing...Job is Not Yet Done” Barkin: Confident That Current Restrictive Level of Rates Can Curb Demand Enough to Bring Inflation to Target Barkin: Data “Whiplash” Confirms Value of Fed Being Deliberate post: FED'S BARKIN: I DON'T SEE THE ECONOMY OVERHEATING, BUT THE FED KNOWS HOW TO RESPOND IF IT DOES.Barkin: Navigating Data Whiplash Thank you for that kind introduction and for having me here today. I thought I would speak about the economy and where it may be headed, and then I look forward to your questions and input. I caution you these are my thoughts alone and not necessarily those of anyone else on the Federal Open Market Committee or in the Federal Reserve System. Contrary to most forecasts, including my own, the economy finished 2023 in a good place. Headline inflation, as measured by the personal consumption expenditures (PCE) price index, dropped all the way to 2.6 percent by year-end. For the final seven months of the year, annualized core PCE came in just under our 2 percent target. At the same time, despite higher interest rates, global conflicts, and banking turmoil, economic growth was healthy at 3.4 percent, and unemployment remained near historic lows. But early 2024 inflation data has been disappointing to those who thought that the inflation fight was behind us. In the last three months, quarter-over-quarter core PCE inflation rose to 3.7 percent annualized. Headline rose to 3.4 percent. That number, fortunately, is nowhere near the 7.1 percent headline inflation we saw in June 2022 but does remind us that the job is not yet done. Demand remains robust. While the headline first quarter GDP number came in lower at 1.6 percent, it was held down by the volatile cate
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post: Reports now that the assassination attempt on Saudi Crown Prince is fake news https://t.co/14zyZf8A8X
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Alvin Tan, head of Asia foreign exchange at RBC Capital Markets, explains why he thinks dollar-yen is likely to retest 160 again and probably go through it before year-end perhaps ...
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Israel’s military on Monday said it has begun evacuating Palestinians from parts of Gaza’s southern city of Rafah, ahead of an expected military operation where roughly half of ...
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post: Arab sources are reporting an assassination attempt against Saudi Crown Prince Mohammed bin Salman pic.twitter.com/XjlJIVS5Di post: Unconfirmed Reports tonight that a Heavily-Armed Security Convoy carrying the Crown Prince of Saudi Arabia, Mohammed bin Salman and several other High-Ranking Officials was Attacked earlier tonight within the Capital of Riyadh, in what appears to have been an Assassination… pic.twitter.com/uLjsjI4gPb
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post: Fed’s Barkin: Inflation Data This Year “Disapppointing...Job is Not Yet Done” Barkin: Confident That Current Restrictive Level of Rates Can Curb Demand Enough to Bring Inflation to Target Barkin: Data “Whiplash” Confirms Value of Fed Being Deliberate post: FED'S BARKIN: I DON'T SEE THE ECONOMY OVERHEATING, BUT THE FED KNOWS HOW TO RESPOND IF IT DOES.Barkin: Navigating Data Whiplash Thank you for that kind introduction and for having me here today. I thought I would speak about the economy and where it may be headed, and then I look forward to your questions and input. I caution you these are my thoughts alone and not necessarily those of anyone else on the Federal Open Market Committee or in the Federal Reserve System. Contrary to most forecasts, including my own, the economy finished 2023 in a good place. Headline inflation, as measured by the personal consumption expenditures (PCE) price index, dropped all the way to 2.6 percent by year-end. For the final seven months of the year, annualized core PCE came in just under our 2 percent target. At the same time, despite higher interest rates, global conflicts, and banking turmoil, economic growth was healthy at 3.4 percent, and unemployment remained near historic lows. But early 2024 inflation data has been disappointing to those who thought that the inflation fight was behind us. In the last three months, quarter-over-quarter core PCE inflation rose to 3.7 percent annualized. Headline rose to 3.4 percent. That number, fortunately, is nowhere near the 7.1 percent headline inflation we saw in June 2022 but does remind us that the job is not yet done. Demand remains robust. While the headline first quarter GDP number came in lower at 1.6 percent, it was held down by the volatile cate
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post: Fed’s Williams: is Seeing Job Growth Moderate Fed’s Williams: Fed is Looking at Totality of Economic Data Fed’s Williams: Eventually There Will Be Rate Cuts post: FED'S WILLIAMS: THE FED BALANCE SHEET WIND DOWN HAS GONE SMOOTHLY. post: <=USD>:*WILLIAMS: EXPECT GOOD THOUGH SOMEWHAT SLOWER GDP GROWTH IN '24 *WILLIAMS: SEE SIGNS HOUSEHOLDS BEING MORE CAREFUL WITH SPENDING *WILLIAMS: HIGHER GOVT DEBT MEANS SOMEWHAT HIGHER GLOBAL RATES *WILLIAMS: TOO SOON TO SAY HOW AI WILL AFFECT LONG-TERM ECONOMY post: WILLIAMS: NEXT FED MOVE LIKELY TO BE LOWER RATES
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Last week’s weekly bar in USD/JPY completed as a bearish outside pattern as last week took out the entirety of the prior week’s range. There is some context here, however, as it was the early-week jump to 160.00 that elicited the intervention from the Bank of Japan. And while bulls were on their way back in the early portion of last week, another suspected ...
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USDJPY has rebounded from its 0.786 retracement at 151.75. The strength indicator RSI is still showing positive sentiment with no divergence. That is a strong suggesting USDJPY is to rebound higher. An RSI close back above 60 threshold will confirm the bullish rebound picture. A bullish move over the next couple of weeks to the 0.618 retracement at 157.05 ...
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Saxo Bank’s FX clients traded worth $4.1 billion daily in March, the lowest turnover since December 2021. The Danish multi-asset brokerage reported its total monthly FX volume for April 2024 at $99.3 billion, which is up 7.6 percent from $92.4 billion a month ago. However, this figure corresponds to a yearly decrease of 3 percent compared to $103 billion in ...