Forex News
-
Sam Bankman-Fried has swapped crypto for a new kind of currency behind bars: bags of rice. The disgraced FTX founder has been jailed at Brooklyn’s Metropolitan Detention Center as he waits to be transferred to a federal prison to serve a 25-year sentence. Bankman-Fried was convicted for wire fraud, money laundering and conspiracy last year. The 32-year-old ...
-
Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine at his secretive firm, Renaissance Technologies, has died. He was 86. He died today in New York City, according to his charitable foundation, which didn’t cite a cause. In turning from academia to investing as he entered his 40s, Simons ...
-
When the yield curve flattens and eventually inverts, you worry. But it’s when a recession hits, the Fed cuts rates and the curve steepens that you become s**t scared. Yield curve dynamics represent a crucial macro variable, as they inform us on today’s borrowing conditions and on the market future expectations for growth and inflation. An inverted yield ...
-
Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday. Additionally, consumers are bracing for even higher price increases in the year ahead compared to readings from prior months, the survey found. The gauge, which is closely tracked ...
-
post: FED'S LOGAN: IT IS TOO EARLY TO THINK ABOUT CUTTING RATES. post: FED'S LOGAN: THERE ARE UNCERTAINTIES IF POLICY IS SUFFICIENTLY RESTRICTIVE. post: FED'S LOGAN: IT IS NOT A SOFT LANDING YET. post: FED'S LOGAN: I STILL SEE GOOD REASONS WHY INFLATION WILL HIT 2%. post: FED'S LOGAN: THE NEUTRAL INTEREST RATE LEVEL MAY HAVE RISEN.
-
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.
-
After years of China being Germany’s main trading partner, the U.S. looks like it’s quietly taking that top spot as the year progresses. Combined exports and imports between ...
-
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey released Friday. The University ...
-
Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday. ...
-
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 ...
-
post: FED'S LOGAN: IT IS TOO EARLY TO THINK ABOUT CUTTING RATES. post: FED'S LOGAN: THERE ARE UNCERTAINTIES IF POLICY IS SUFFICIENTLY RESTRICTIVE. post: FED'S LOGAN: IT IS NOT A SOFT LANDING YET. post: FED'S LOGAN: I STILL SEE GOOD REASONS WHY INFLATION WILL HIT 2%. post: FED'S LOGAN: THE NEUTRAL INTEREST RATE LEVEL MAY HAVE RISEN.
-
It was a strong week for the stock market as equities continued their incline from the week before, after the Fed sounded dovish and NFP printed below-expectations. The US Dollar has so far shown a gain on the week but it’s moderate and likely a symptom of the 105.00 support level that was in-play on Monday. The big focus for next week is the US CPI report ...
-
Main scenario: consider long positions from corrections above the level of 1.2453 with a target of 1.2821 – 1.3000. Alternative scenario: breakout and consolidation below the level of 1.2453 will allow the pair to continue declining to the levels of 1.2294 – 1.2033. Analysis: the first wave of larger degree (1) is presumably formed, a correction developed ...
-
Dear Traders, As part of our commitment to providing the best trading experience to our customers, we want to inform you of upgrades to our cTrader Servers on Sunday, 12 May 2024. During the upgrade, the cTrader backend and associate services may be unavailable for a short period, according to the times below: • Start Date and Time: Sunday, 12 May 2024 ...