Forex News
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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 ...
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The World Bank today announced the debarment of the Pakistan-based consultancy companies Solutions for Development Support (Pvt.) Ltd. and Community Resilience Initiative, as well as Mr. Malik Nasir Hussain Tanoli, a Pakistani national, in connection with fraudulent practices as part of the Sindh Resilience Project in Pakistan. The debarment makes the ...
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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 ...
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Private investor Don Hansen, who has been investing in the resource sector for over 20 years, shares his latest research. He discusses the US dollar's rise and fall as the world's reserve currency, as well as how China is shifting away from the dollar and toward gold.
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The threat of intervention from the BOJ has increased, likely limiting upside for USD/JPY in the near to medium-term. But extremely wide interest rate differentials and buoyant markets suggest USD/JPY shouldn’t be significantly lower. It points to a stalemate for yen bulls and bears but opens the door for traders to play existing ranges. Buying dips towards ...
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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
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Private investor Don Hansen, who has been investing in the resource sector for over 20 years, shares his latest research. He discusses the US dollar's rise and fall as the world's ...
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Consumer confidence has taken a big knock, with sentiment "likely affected by recession headlines", according to results of the latest ANZ-Roy Morgan consumer confidence survey ...
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The Chinese economy is healthy and sustainable, and China will consistently improve its business environment to provide broader development space for enterprises from various ...
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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
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UK gross domestic product (GDP) is estimated to have fallen by an unrevised 0.3% in Quarter 4 (Oct to Dec) 2023, following an unrevised fall of 0.1% in the previous quarter. The ...
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Japan's economy has recovered moderately, although some weakness has been seen in part. It is likely to continue to do so as a virtuous cycle from income to spending is ...
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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 ...
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The threat of intervention from the BOJ has increased, likely limiting upside for USD/JPY in the near to medium-term. But extremely wide interest rate differentials and buoyant markets suggest USD/JPY shouldn’t be significantly lower. It points to a stalemate for yen bulls and bears but opens the door for traders to play existing ranges. Buying dips towards ...
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RoboMarkets has successfully renewed its platinum partnership with Team AutoLife, a Cyprus-based racing team famous for competing in international rallies and cross-country races. The new sports sponsorship will provide the distinguished European brokerage company with greater visibility as its brand will be displayed in the Abu Dhabi Desert Challenge this ...