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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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 Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent. The GDP estimate released today is based on source data that are incomplete or subject to further ...
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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 4-week moving average was 213,250, a decrease of 1,250 from the previous week's unrevised average of 214,500. The advance seasonally adjusted insured unemployment rate was 1.2 ...
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Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to prop up the ailing currency in the wake of a central bank decision that reaffirmed accommodative monetary policy. With the yen already much weaker than it was then, and US interest rates unlikely to come down anytime soon, the mere lack of any hawkish ...
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Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to prop up the ailing currency in the wake of a central bank decision that ...
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The March Personal Consumption Expenditures price index is forecast to show a mixed picture of inflation trends, potentially reinforcing the Federal Reserve’s resolve to hold off ...
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The Single Euro Payments Area (SEPA) was launched in 2002, aiming to address the fragmentation in non-cash payments that prevailed at the time. Payments between euro area ...
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post: USD/JPY Rises to 155.40; Highest Since June 1990
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Japan chief cabinet secretary Hayashi: • Won't comment on forex levels or forex intervention. • Important for currencies to move in stable manner reflecting fundamentals. • Rapid ...
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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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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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On Thursday, April 25, an amplified threat of an intervention to bolster the Yen could influence buyer demand for the USD/JPY. The USD/JPY broke through the 155 threshold on Wednesday (April 24), with the markets considering 155 as the intervention zone. Nevertheless, the Japanese government has remained on the sidelines despite the USD/JPY return to 155. ...
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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 ...