Forex News
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Congratulations to Cathie Wood for losing $14.3 billion over the past decade, more than any other fund manager according to Morningstar. chart The Wall Street Journal reports Cathie Wood’s Popular ARK Funds Are Sinking Fast Cathie Wood’s investors are jumping ship. They rushed into her funds and won big during the pandemic, when the star fund manager ...
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As the nation reflects on the many ways to protect our environment this Earth Day, the Financial Crimes Enforcement Network (FinCEN) reminds financial institutions to remain vigilant in identifying and reporting suspicious activity related to environmental crimes. Environmental crimes frequently involve transnational criminal activity related to several of ...
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In a recent post, I tried to warn people about the substantial and growing chance of World War 3. My post was focused on the risk that a war will occur, but it didn’t really focus on the risk that the US and its allies will be defeated in that war. Yes, nuclear weapons are a factor, but there’s no certainty they’ll be unleashed in WW3, even by the losing ...
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US business activity continued to increase in April, but the rate of expansion slowed amid signs of weaker demand. The latest rise in output was the smallest in the year-to-date reflecting reduced rates of growth and falling orders in both the manufacturing and services sectors. April saw an overall reduction in new orders for the first time in six months. ...
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Japan is on the brink of currency intervention if the yen weakens any further, according to one of the country’s former top currency officials. “Amid no change in US and Japan interest rates, the yen has depreciated against the dollar quite rapidly,” said Mitsuhiro Furusawa, former vice minister of finance for international affairs, in an interview with ...
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post: BoJ to Discuss Impact of Yen’s Rapid Slide at This Week’s Policy Meeting - Nikkei post: BOJ IS CLOSELY WATCHING CORE INFLATION AS IT WEIGHS THE TIMING OF ADDITIONAL HIKES - NIKKEI RATHER THAN RUSHING FURTHER TWEAKS, BOJ AIMS TO CAREFULLY MONITOR MOVES BY SMALLER BUSINESSES TO RAISE PAY AND PASS ALONG INCREASED COSTS - NIKKEI post: "WE WANT TO CONFIRM THAT THE CYCLE BETWEEN WAGE AND PRICE GROWTH IS STRENGTHENING," BOJ SOURCE TOLD NIKKEI
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Japan is on the brink of currency intervention if the yen weakens any further, according to one of the country’s former top currency officials. “Amid no change in US and Japan ...
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The US economy appears on track to post softer growth in the first-quarter GDP report scheduled for release on Thursday (Apr. 25), based on the median for a set of nowcasts ...
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The euro area sovereign debt crisis brought back the debate on establishing additional fiscal instruments for the euro area. A centralized European unemployment benefits scheme ...
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post: BOE'S PILL: COMBINATION OF LITTLE NEWS AND THE PASSAGE OF TIME HAVE BROUGHT A BANK RATE CUT SOMEWHAT CLOSER. post: BOE'S PILL: OUTLOOK HAS NOT CHANGED MUCH SINCE THE START OF MARCH. post: BOE'S PILL: A CUT IN THE BANK RATE WOULD NOT ENTIRELY UNDO THE RESTRICTIVE STANCE OF POLICY. post: BOE'S PILL: HOW AND WHEN I WOULD VOTE FOR A BANK RATE CUT DEPENDS CRUCIALLY ON HOW SUCH A DECISION TRANSMITS TO INFLATION, IN PARTICULAR ALONG THE MONEY MARKET YIELD CURVE. post: BOE'S PILL: MPC CURRENTLY NEEDS TO MAINTAIN RESTRICTIVENESS IN ITS MONETARY POLICY STANCE.
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US business activity continued to increase in April, but the rate of expansion slowed amid signs of weaker demand. The latest rise in output was the smallest in the year-to-date ...
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post: EX-OFFICIAL: JAPAN IS VERY CLOSE TO INTERVENTION IF YEN FALLS MORE.
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The U.S. Dollar continues to pull back from the prior gap that came in as resistance last week. At the time, RSI on the daily chart had flared into overbought territory, and this isn’t a very common occurrence as the last instance of such showed just before the currency had topped in Q4 of last year. The question now is whether bulls show up to hold ...
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It has been a risk-on session so far, with equity indices rising sharply for the second consecutive day ahead of Tesla’s earnings tonight and other big tech companies reporting this week. Also on the rise today have been markets such as crude oil, the EUR/USD and even the GBP/USD. Sentiment was lifted by stronger PMI data from the services sector in Europe ...
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FNG has learned that a number of leading (and not-so-leading) retail prop trading firms have begun to implement rules for their clients that restrict the trades that can be made (or, profit that can be booked) by traders immediately around major news events. The practice, known as News Trading, is a risky strategy whereby a trader takes a significant ...