Forex News
-
The United States has seen its fair share of big-spender events over the last year or so: Taylor Swift’s Eras Tour, the Super Bowl, the Barbie movie—take your pick. And while all of those were manufactured spectacles, one natural occurrence is sitting right up there with them. Americans are expected to fuel another economic boom with travel and tourism to ...
-
Four members of an alleged Chinese criminal gang, accused of laundering more than $39 million dollars in illicit cash, have been charged as part of a joint law enforcement investigation in Melbourne. In January 2023, AFP investigators attached to Taskforce Avarus – a multi-agency operation combatting criminal networks laundering money in Australia and ...
-
In the last price action installment, we looked at how traders can analyze a chart without any indicators, focusing solely on a market’s price structure to help with trading analysis and decisions. As shared there, trading in the direction of the trend can be helpful, as the future remains uncertain at all points in time, but one of the two tenets taught in ...
-
Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the fourth quarter of 2023 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 4.9 percent. The GDP estimate released today is based on more complete source data than were available for the "second" ...
-
In the week ending March 23, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 210,000 to 212,000. The 4-week moving average was 211,000, a decrease of 750 from the previous week's revised average. The previous week's ...
-
post: BANK OF ENGLAND EXTERNAL MPC MEMBER JONATHAN HASKEL TO FINANCIAL TIMES: I THINK RATE CUTS ARE A LONG WAY OFF #bankofengland #boe #monetarypolicy #interestrates #inflation #jonathanhaskel post: MORE BOE'S HASKEL: VACANCIES PER NUMBER OF UNEMPLOYED IS RISING WHICH IS 'A SIGNAL THAT SOMETHING HAS GONE WRONG WITH THE LABOUR MARKET' #bankofengland #boe #monetarypolicy #interestrates #inflation #jonathanhaskel post: MORE BOE'S HASKEL: WITH INFLATION FALLING, I HAVE MOVED FROM THE ACTIVIST CAMP TO THE GRADUALIST CAMP #bankofengland #boe #monetarypolicy #interestrates #inflation #jonathanhaskel post: MORE BOE'S HASKEL: I DON'T THINK HEADLINE FIGURES GIVE A GOOD GUIDE TO INFLATION PERSISTENCE #bankofengland #boe #monetarypolicy #interestrates #inflation #jonathanhaskel post: MORE BOE'S HASKEL: THIS IS A LONG SLOW PROCESS #bankofengland #boe #monetarypolicy #interestrates #inflation #jonathanhaskel
-
China’s protracted property downturn is eroding the balance sheets of the nation’s largest state banks as their bad loan ratios are creeping up. Bank of Communications Co. ...
-
The Chinese economy is healthy and sustainable, and China will consistently improve its business environment to provide broader development space for enterprises from various ...
-
The European Commission will sign a strategic partnership with Australia on critical raw materials, a source familiar with the matter told Euractiv, as the EU continues its drive ...
-
Thank you, Barbara, and thank you for the opportunity to speak to you today. My subject, as it often is, is the outlook for the U.S. economy, and how that affects the Federal Open Market Committee's (FOMC) continuing effort to reduce inflation to a sustained level of 2 percent while maintaining a healthy labor market. We made a lot of headway toward our inflation goal in 2023, and the labor market moved substantially into better balance, all while holding the unemployment rate below 4 percent for nearly two years. But the data we have received so far this year has made me uncertain about the speed of continued progress. Back in February, I noted that data on fourth quarter gross domestic product (GDP) as well as January data on job growth and inflation came in hotter than expected. I concluded then that we needed time to verify that the progress on inflation we saw in the second half of 2023 would continue, which meant there was no rush to begin cutting interest rates to normalize the stance of monetary policy. Over the past month, additional economic data has reinforced this view. February job gains moved back up to 275,000, making the three-month average a strong 265,000, and various inflation measures have continued to come in hot. Core personal consumption expenditures (PCE) inflation jumped to 0.4 percent on a monthly basis in January, after averaging around 0.1 percent in October through December last year. And with February consumer price index (CPI) and producer price index inflation data in hand, some forecasts are predicting core PCE inflation may be revised up for January and is expected to come in at 0.3 percent for February, which we will learn about on Friday. Adding this new data to what we saw earlier in the year reinforces my view that there is no rush to cut the policy rate. Indeed, it tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2 post: FED'S WALLER/ECNY: RISK OF WAITING TO CUT RATES 'IS SIGNIFICANTLY LOWER THAN ACTING TOO SOON' #Waller #FederalReserve post: #Fed 's Waller -Data warrants fewer cuts or later start to easing. -Rate cuts appropriate this year but not yet. -Need a couple more months of better inflation data to cut -Risk of waiting to cut is lower than acting too soon. $USD post: MORE FED'S WALLER/ECNY: SKEPTICAL THAT IMPROVEMENTS IN PRODUCTIVITY GROWTH WILLL BE SUSTAINED SO THAT LEVEL OF PRODUCTIVITY CAN KEEP RISING #Waller #FederalReserve
-
Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the fourth quarter of 2023 (table 1), according to the "third" estimate released by the Bureau of ...
-
post: BANK OF ENGLAND EXTERNAL MPC MEMBER JONATHAN HASKEL TO FINANCIAL TIMES: I THINK RATE CUTS ARE A LONG WAY OFF #bankofengland #boe #monetarypolicy #interestrates #inflation #jonathanhaskel post: MORE BOE'S HASKEL: VACANCIES PER NUMBER OF UNEMPLOYED IS RISING WHICH IS 'A SIGNAL THAT SOMETHING HAS GONE WRONG WITH THE LABOUR MARKET' #bankofengland #boe #monetarypolicy #interestrates #inflation #jonathanhaskel post: MORE BOE'S HASKEL: WITH INFLATION FALLING, I HAVE MOVED FROM THE ACTIVIST CAMP TO THE GRADUALIST CAMP #bankofengland #boe #monetarypolicy #interestrates #inflation #jonathanhaskel post: MORE BOE'S HASKEL: I DON'T THINK HEADLINE FIGURES GIVE A GOOD GUIDE TO INFLATION PERSISTENCE #bankofengland #boe #monetarypolicy #interestrates #inflation #jonathanhaskel post: MORE BOE'S HASKEL: THIS IS A LONG SLOW PROCESS #bankofengland #boe #monetarypolicy #interestrates #inflation #jonathanhaskel
-
The EUR/USD dropped to a 5-week low in early European trade, before bouncing off a trend support. Some of the major euro crosses like the EUR/GBP and EUR/JPY also fell, suggesting that the earlier move was driven at least partly by disappointing German retail sales data that was released this morning. But the US dollar was up against most major currencies ...
-
video AUDUSD’s short-term upward pattern is under threat as it faces the risk of closing below the October support trendline at 0.6500, following another rejection near its exponential moving averages (EMAs). Technical indicators suggest the bears are in control as the RSI is decelerating below its 50 neutral mark and the MACD is weakening within the ...
-
The Funded Trader, a prop trading firm that recently faced an array of complaints for payout denials, has “temporarily paused all operations” with promises of a relaunch. “Over the coming week, we will follow up with specifics as we work to resume operations,” a notice on the prop trading firm’s website noted with a countdown timer of 21 days. However, it ...