Forex News
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As the nation reflects on the many ways to protect our environment this Earth Day, the Financial Crimes Enforcement Network (FinCEN) reminds financial institutions to remain vigilant in identifying and reporting suspicious activity related to environmental crimes. Environmental crimes frequently involve transnational criminal activity related to several of ...
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A Japanese boy allegedly spent three weeks piecing back together a 10,000 yen bill like a jigsaw puzzle after it had been accidentally put through a paper shredder. Japanese Twitter user ‘Tomo’ recently completed one of the hardest puzzles he’s ever done – putting back together a 10,000 yen ($65) bill that had been shredded into thousands of pieces. ...
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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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Bank of Japan Governor Ueda: • Don't have any preset idea on timing, pace of future rate hike. • If trend inflation accelerates in line with our forecast, we will adjust degree of monetary support through interest rate hike. • If our price forecast changes, that will also be a reason to change policy. • Future monetary policy guidance will depend on ...
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UK private sector activity expanded for the sixth consecutive month in April as a robust recovery in service sector output helped to offset a marginal decline in manufacturing production. Output growth was supported by a solid upturn in new order volumes and a modest acceleration in staff hiring, in each case driven by the service economy. April data ...
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Last week, I had the pleasure of hosting a webcast on gold and gold mining stocks, and I was happy to be joined by portfolio manager Ralph Aldis. Thanks to all who participated! Regretfully, I’m not permitted to share a replay of our discussion since it was intended for financial advisors, but there are a few key points I’d like to highlight. Gold hit a ...
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The yen weakened on Monday to its weakest levels against the dollar since June 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up the ...
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Turkey, Iraq, Qatar and the United Arab Emirates signed a memorandum of understanding in Baghdad to cooperate on the Iraq Development Road project that would connect the Gulf to ...
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Japanese authorities will work closely with overseas counterparts to deal with excessive volatility in the foreign exchange market, Finance Minister Shunichi Suzuki said on ...
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Bank of Japan Governor Ueda: • Don't have any preset idea on timing, pace of future rate hike. • If trend inflation accelerates in line with our forecast, we will adjust degree of ...
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UK private sector activity expanded for the sixth consecutive month in April as a robust recovery in service sector output helped to offset a marginal decline in manufacturing ...
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The German private sector returned to growth at the start of the second quarter, the latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed, driven by a solid rise in ...
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Whether you want to call it a bullish hammer, dragonfly doji, false downside break or morning star, the price action on the AUD/USD daily suggests the path of least resistance is higher in the near-term. With momentum indicators also starting to turn, the grounds for a more meaningful rebound appear to be building. AUD/USD rebound may extend Friday’s big ...
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USD/JPY trades to a fresh yearly high (154.85) to keep the Relative Strength Index (RSI) in overbought territory, with the exchange rate still susceptible to a test of the June 1990 high (155.80) as the Bank of Japan (BoJ) is anticipated to retain the current policy. USD/JPY seems to be mirroring the recent rise in long-term US Treasury yields as Federal ...
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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 ...