Forex News
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Mining giant BHP offered to buy Anglo American, a longtime rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry. Anglo American said Thursday it had received a proposal from BHP made up of an all-share offer for the company, contingent upon Anglo American’s demerger of shareholdings ...
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Caitlin Clark appears to be on the cusp of setting another record. The most prolific scorer in NCAA Division I history and the No. 1 overall pick in the WNBA draft will continue her association with Nike by signing a $28 million contract that spans eight years and includes a signature shoe. The Wall Street Journal and The Athletic reported the pending deal, ...
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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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With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates are having a substantially negative impact on the economy. So what if policymakers just decide to keep rates where they are for even longer, and go through all of 2024 without cutting? ...
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post: USD/JPY Rises to 155.40; Highest Since June 1990
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Quiet macro day with Durable Goods Orders looking like a beat - but only because of sizable downward revisions - as orders and shipments are actually down on a YoY basis. chart But stocks were messy with an opening bid immediately squelched and post-EU-close ramp faded into the US close. Small Caps were the day's laggard as Nasdaq outperformed while The ...
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The yen fell on Wednesday to its weakest levels against the dollar since 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up their ...
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With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates are ...
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Quiet macro day with Durable Goods Orders looking like a beat - but only because of sizable downward revisions - as orders and shipments are actually down on a YoY basis. chart ...
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post: *YEN WEAKENS TO KEY 155 LEVEL ADDING TO INTERVENTION SPECULATION post: USD/JPY FALLS BACK BELOW 155 IN VOLATILE TRADE post: Dollar-Yen just did a quick peak above the 155 level for the first time since 1990. pic.twitter.com/WiRkNPcTQx
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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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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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A Canadian Dollar counter-offensive is underway with USD/CAD off nearly 1.4% from the yearly highs registered last week. A reversal off technical uptrend resistance is now searching support with an outside-reversal candle today poised to snap a five-day losing streak. These are the updated targets and invalidation levels that matter on the USD/CAD weekly ...
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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 ...