Forex News
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It sure seems like our wallets are feeling a bit chunky these days. Bulging with plastic and that forgotten loyalty card from that quirky vintage store on vacation. But what if your financial life could be as sleek and streamlined as your favorite social feed? Enter social media payments – the fintech revolution happening right under your nose, or rather, ...
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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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We have heard much about the puzzle that US economic performance under President Joe Biden has been much stronger than voters perceive it to be. But the current episode is just one instance of a bigger historical puzzle: the US economy has since World War II consistently done better under Democratic presidents than under Republican presidents. This fact is ...
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Federal Reserve Chair Jerome Powell repeated that the US central bank isn’t in any rush to cut interest rates. “We don’t need to be in a hurry to cut,” Powell said Friday at an event at the San Francisco Fed. Fresh inflation data released earlier is “pretty much in line with our expectations,” he said. But Powell reiterated it won’t be appropriate to lower ...
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The big question for the April 1 week relates to the underlying conditions for the US labor market. Will the change in nonfarm payrolls in March close out the first quarter 2024 at a continued strong pace and will the unemployment rate remain consistent with a tight labor market? Early forecasts for nonfarm payrolls in March look for an increase in the ...
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A cooldown in the Federal Reserve’s preferred gauge of underlying inflation last month, coupled with a rebound in household spending, failed to shift the Wall Street consensus that has lifted stocks to records in the first quarter. The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, ...
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Watch Federal Reserve Chair Jerome Powell live at the Macroeconomics and Monetary Policy Conference at the Federal Reserve Bank of San Francisco, in a conversation moderated by ...
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The big question for the April 1 week relates to the underlying conditions for the US labor market. Will the change in nonfarm payrolls in March close out the first quarter 2024 ...
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A cooldown in the Federal Reserve’s preferred gauge of underlying inflation last month, coupled with a rebound in household spending, failed to shift the Wall Street consensus ...
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Personal income increased $66.5 billion (0.3 percent at a monthly rate) in February, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). ...
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USD/JPY consolidates after clearing the 2022 high (151.95), but the exchange rate may attempt to break out of the range bound price action if it responds to the positive slope in the 50-Day SMA (149.35). USD/JPY seems to be unfazed by the warning shots by Japanese authorities as it trades near the yearly high (151.97), and the threat of a currency ...
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video USDCAD was trading with soft positive momentum around 1.3547 during Friday’s early European trading hours as investors headed into the Easter holiday. Technically, the pair found support around its 20-day simple moving average (SMA) after a four-day decline. Notably, the SMA lines played a key role as pivot points during the month of March. Hence, ...
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In a move anticipated since earlier this year, IC Markets has initiated the soft launch of its proprietary trading offering. The new platform, accessible through the URL ICFunded.com, is currently in beta mode, welcoming clients to sign up and explore its features. According to insights obtained by TradeInformer, the product has been operational for over a ...