Forex News
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How much money do the world’s biggest athletes really make? And how do they compare across different sports? We visualized the highest earning athletes in various professional sports, according to calculations from Forbes. Earnings reported here cover the period of May 2022 to May 2023. Earnings includes on-field (salary, bonuses, prize money) and off-field ...
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International organizations such as the International Monetary Fund and the World Bank need to be reformed, and the voices of emerging market countries and the private sector need to be heard when addressing global challenges, said panelists at a recent forum. "There are certain fora where there's just no substitute for strengthening the voice of emerging ...
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The sky-high level of inflation is the most prevailing issue all over the world these days, and it is on top of every investor’s mind. Moreover, inflation within the U.S. is sitting at a high level. Higher inflation could be problematic for both the economy and consumers on several counts. So, the Federal Reserve wants to tame it and it is planning to do so ...
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Thank you to the Peterson Institute for the invitation to participate in today’s event focussing on the CEPR volume on monetary policy responses to the post-pandemic inflation1 . In line with the title of this panel I want to provide an update on my assessment of the evidence on what has caused the UK’s inflation2 . This evidence covers the key indicators of inflation and in particular persistence as well as associated analysis and what this implies for the extent to which the risks from persistence are receding. Economic forecasters have had a challenging time over the last few years in forecasting the inflation process, given the series of unprecedented and overlapping shocks which have hit the global economy. These challenges were highlighted in Ben Bernanke’s comprehensive review of the Bank’s approach to, and use of forecasting published last week. A key recommendation of the Bernanke review is that the Bank should make more systematic use of scenarios in framing the outlook for inflation and the implications for monetary policy, in a world characterised by greater uncertainty and significant structural changes. The Bank has committed to implementing all the recommendations of the review. As someone who has used scenarios throughout my career, I think this is the right direction for the Bank to go in. But we should travel with a high degree of humility, given the ongoing uncertainties a post: BOE'S RAMSDEN: THERE ARE LIKELY TO BE BUMPS IN THE DISINFLATION PROCESS FROM ONE MONTH TO THE NEXT. post: BOE'S RAMSDEN: THIS LEAVES THE UK AS LESS OF AN OUTLIER AND MORE OF A LAGGARD IN TERMS OF RECENT INFLATION PERFORMANCE. post: BOE'S RAMSDEN: INFLATION STAYING CLOSE TO THE 2% TARGET OVER THE WHOLE FORECAST PERIOD IS AT LEAST AS LIKELY AS THE FEBRUARY 2024 FORECAST. post: BANK OF ENGLAND MPC MEMBER DAVE RAMSDEN AT PETERSON INSTITUTE PANEL: I HAVE BECOME MORE CONFIDENT THAT THE RISKS OF PERSISTENT INFLATION ARE RECEDING #bankofengland #boe #daveramsden #monetarypolicy #interestrates #inflation #ukeconomy
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Since our last meeting in October, the global growth outlook has improved somewhat, reflecting revised growth prospects across both advanced and emerging market economies. The disinflationary process has continued amid falling energy prices, the normalisation of supply conditions and tight monetary policy. While the global economy has weathered the tightening of monetary policy well, growth prospects remain subpar by historical standards. Risks to the global outlook are broadly balanced for both economic activity and inflation, though rising geopolitical tensions pose an upside risk to inflation and a downside risk to growth. post: ECB'S PRESIDENT LAGARDE: THE DISINFLATION PROCESS IN THE EURO AREA HAS CONTINUED. post: ECB’s Lagarde: if Inflation Criteria Met, It Would Be Appropriate to Reduce the Current Level of MonPol Restriction ECB’s Lagarde: at the Same Time, the Governing Council is Not Pre-Committing to a Particular Rate Path post: ECB'S PRESIDENT LAGARDE: IF THE INFLATION CRITERIA IS MET, IT WOULD BE APPROPRIATE TO REDUCE THE CURRENT LEVEL OF MONETARY POLICY RESTRICTIONS.
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Economists once again upgraded their forecasts for US growth, spending and employment, but also see interest rates remaining higher for longer as above-target inflation persists. The upper boundary of the Federal Reserve’s target range for its benchmark interest rate, currently 5.5%, will fall only to 4% by the end of 2025, according to the latest Bloomberg ...
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Iran and Israel, regional arch-foes, are trading attacks and threats — the latest of which saw Israel launch a “limited military strike” on Iran in the early hours of Friday ...
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A pause in dollar buying provided some respite for the Pound to Dollar (GBP/USD) exchange rate, but it remains below 1.2500 and settled around 1.2450. According to Scotiabank; ...
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Will US data throw more Fed rate cuts off the table? The dollar staged a strong recovery the last couple of weeks, with the bulls being encouraged to initiate long positions as ...
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post: US Official: Israel Conducted Airstrikes On A Target In Iran - ABC https://t.co/fnquNQtpPC post: EXPLOSIONS IN MULTIPLE CITIES IN IRAN Explosions were reported near the cities of Isfahan and Natanz in central Iran Both Cities contain facilities important to Iran's nuclear program. Source: RIA Novosti Agency https://t.co/XK6OV0bY0b pic.twitter.com/OdcU2k9zFb
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Thank you to the Peterson Institute for the invitation to participate in today’s event focussing on the CEPR volume on monetary policy responses to the post-pandemic inflation1 . In line with the title of this panel I want to provide an update on my assessment of the evidence on what has caused the UK’s inflation2 . This evidence covers the key indicators of inflation and in particular persistence as well as associated analysis and what this implies for the extent to which the risks from persistence are receding. Economic forecasters have had a challenging time over the last few years in forecasting the inflation process, given the series of unprecedented and overlapping shocks which have hit the global economy. These challenges were highlighted in Ben Bernanke’s comprehensive review of the Bank’s approach to, and use of forecasting published last week. A key recommendation of the Bernanke review is that the Bank should make more systematic use of scenarios in framing the outlook for inflation and the implications for monetary policy, in a world characterised by greater uncertainty and significant structural changes. The Bank has committed to implementing all the recommendations of the review. As someone who has used scenarios throughout my career, I think this is the right direction for the Bank to go in. But we should travel with a high degree of humility, given the ongoing uncertainties a post: BOE'S RAMSDEN: THERE ARE LIKELY TO BE BUMPS IN THE DISINFLATION PROCESS FROM ONE MONTH TO THE NEXT. post: BOE'S RAMSDEN: THIS LEAVES THE UK AS LESS OF AN OUTLIER AND MORE OF A LAGGARD IN TERMS OF RECENT INFLATION PERFORMANCE. post: BOE'S RAMSDEN: INFLATION STAYING CLOSE TO THE 2% TARGET OVER THE WHOLE FORECAST PERIOD IS AT LEAST AS LIKELY AS THE FEBRUARY 2024 FORECAST. post: BANK OF ENGLAND MPC MEMBER DAVE RAMSDEN AT PETERSON INSTITUTE PANEL: I HAVE BECOME MORE CONFIDENT THAT THE RISKS OF PERSISTENT INFLATION ARE RECEDING #bankofengland #boe #daveramsden #monetarypolicy #interestrates #inflation #ukeconomy
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Since our last meeting in October, the global growth outlook has improved somewhat, reflecting revised growth prospects across both advanced and emerging market economies. The disinflationary process has continued amid falling energy prices, the normalisation of supply conditions and tight monetary policy. While the global economy has weathered the tightening of monetary policy well, growth prospects remain subpar by historical standards. Risks to the global outlook are broadly balanced for both economic activity and inflation, though rising geopolitical tensions pose an upside risk to inflation and a downside risk to growth. post: ECB'S PRESIDENT LAGARDE: THE DISINFLATION PROCESS IN THE EURO AREA HAS CONTINUED. post: ECB’s Lagarde: if Inflation Criteria Met, It Would Be Appropriate to Reduce the Current Level of MonPol Restriction ECB’s Lagarde: at the Same Time, the Governing Council is Not Pre-Committing to a Particular Rate Path post: ECB'S PRESIDENT LAGARDE: IF THE INFLATION CRITERIA IS MET, IT WOULD BE APPROPRIATE TO REDUCE THE CURRENT LEVEL OF MONETARY POLICY RESTRICTIONS.
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The EUR/JPY currency pair stands at 164.71, reflecting a persistent bullish upsurge as it cleared daily losses and defended the 20-day Simple Moving Averages (SMA). However, caution is warranted considering the shifting market environment as the flattening momentum, revealed on the daily and hourly chart may cool down the bullish outlook. On the daily ...
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Main scenario: consider short positions from corrections below the level of 0.9235 with a target of 0.8325 – 0.8050. Alternative scenario: breakout and consolidation above the level of 0.9235 will allow the pair to continue rising to the levels of 0.9451 – 0.9838. Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily ...
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