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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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 currency's slide while interest rates and momentum are heavily skewed against it. The Bank of Japan (BOJ) sets policy on Friday with almost no expectation of a rate rise. It has no ...
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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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In the week ending April 20, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 5,000 from the previous week's unrevised level of 212,000. The ...
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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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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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IronFX, a global leader in online trading, has embarked on 2024 with a spectacular display of accolades that highlight its commitment to excellence and innovation in the competitive financial services sector. Recognized by prestigious industry bodies for its robust service offerings, IronFX has already achieved significant milestones in the first quarter of ...