Forex News
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Spanish Prime Minister Pedro Sanchez has said he will halt his public duties after a judicial investigation was launched into corruption allegations against his wife. The Socialist leader said on Wednesday that while the allegations against his wife Begona Gomez were false, he was cancelling his public agenda until Monday, when he will appear before the ...
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Company says automated machinery to make salads, bowls and guacamole could appear in restaurants in the second half of this year Chipotle Mexican Grill Inc. does a lot of business in California, where a new law raising the minimum wage for fast-food workers to $20 an hour took hold this month. But as Wall Street analysts try to diagnose the impact on ...
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Most readers are probably familiar with the basic math behind interest rates and bond prices: When interest rates go up, bond prices go down. As the market recalibrates what a bond’s future cash flows are currently worth, a higher discount rate reduces the value of future coupon payments, resulting in lower bond prices. But there’s also a secondary impact ...
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post: Yellen:My Position Has Been That Currency Intervention is Acceptable Only in Very Rare and Exceptional Circumstances
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Now that USD/JPY has glided through the 155 level, markets are now on high alert for Japanese FX intervention. Recall that 155 had been the level that many in the Japanese banking community had felt would elicit BoJ FX selling operations. That heightened sense of intervention is reflected in the FX options market, where one week USD/JPY traded volatility is ...
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The Bank of Japan on Friday is set to project inflation will stay near its 2 per cent target in coming years and signal its readiness to raise interest rates from near-zero, in hope of keeping yen bears from pushing the currency to fresh 34-year lows. Recent threats of intervention by Japanese authorities have failed to arrest the yen's slide against the ...
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Now that USD/JPY has glided through the 155 level, markets are now on high alert for Japanese FX intervention. Recall that 155 had been the level that many in the Japanese banking ...
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As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy changes, traders figure there is not much Tokyo can do to reverse the ...
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US first quarter GDP growth is an annualised 1.6%, well below the 2.5% consensus expectation, but inflation is hotter with the core PCE deflator up 3.7% annualised versus 3.4% ...
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Real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024 (table 1), according to the "advance" estimate released by the Bureau of ...
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post: Yellen:My Position Has Been That Currency Intervention is Acceptable Only in Very Rare and Exceptional Circumstances
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Today’s report shows the American economy remains strong, with continued steady and stable growth. The economy has grown more since I took office than at this point in any ...
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Euro is trading higher for a second consecutive week with EUR/USD building on a rebound off downtrend support. The focus is on this recovery towards trend resistance and the recent rally may be vulnerable into major event risk over the next few days. These are the updated targets and invalidation levels that matter on the Euro short-term technical heading ...
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USDJPY has been in a steady uptrend after finding its feet near the 200-day simple moving average (SMA) in early March. On Thursday, the pair posted a fresh 34-year peak, extending its rally within a territory that the Japanese authorities were expected to defend. Should bullish pressures persist, the price could storm to fresh multi-year highs before it ...
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