Forex News
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Turns out Rory McIlroy won’t be leaving the PGA Tour anytime soon. The world No. 2 golfer is shutting down rumors that he’s going to defect to the Saudi-funded LIV Golf, ESPN reported on Tuesday. Over the weekend, a British news outlet speculated that McIlroy had been offered $850 million from the upstart league, along with a 2 percent equity stake. But the ...
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Jane Street Group LLC generated $10.6 billion in net trading revenue last year — one of many big numbers demonstrating its presence as a major market maker eyeing ever-more growth. The firm’s trading haul — roughly flat on the prior year — was among the litany of financial markers Jane Street disclosed to investors as part of a debt deal it’s seeking to ...
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Governments increasingly use export controls to limit the spread of domestic cutting-edge technologies to other countries. The sectors that are currently involved in this geopolitical race include semiconductors, telecommunications, and artificial intelligence. Despite their growing adoption, little is known about the effect of export controls on supply ...
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post: BOJ'S NOGUCHI SAYS ITS SHORT-TERM POLICY RATE ADJUSTMENT LIKELY TO BE SLOW Full Story ? https://t.co/u9YN4sojP4 pic.twitter.com/IgtcttrNV4 BoJ’s Noguchi: Focus now is on the pace at which the policy rate will be adjusted Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday that the “focus now is on the pace at which the policy rate will be adjusted and at what level it will eventually stabilize.” Additional quotes: • Essential for BoJ to maintain ultra-loose monetary policy, seek balance in labour supply and demand. • Japan is seeing wage hikes unseen in the past via spring wage negotiations. • Essential to continue to maintain appropriate balance between labour supply and demand through the continuation of its accommodative monetary policy to achieve the 2% price target. • Japan must achieve positive wage-inflation cycle as soon as possible and for this, service prices must keep rising. • Last year's spring labour-management negotiations have triggered an unprecedented wave of wage increases. • Another factor that is key is for small manufacturers to be able to smoothly pass on rising wage costs to prices. • If wage hike translates into higher prices, that will show through rise in service prices and this trend is clearly appearing. Long-term neutral inBOJ's Noguchi says its short-term policy rate adjustment likely to be slow Bank of Japan board member Asahi Noguchi said on Thursday that the pace of adjustment in short-term policy rate of the central bank will be slow and made at a pace that cannot be compared to that of other major central banks. A former academic, Noguchi was among two dissenters in the BOJ's nine-member board in the bank's decision last month to end eight years of negative interest rates and other remnants of its massive stimulus programme.
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post: ECB'S LAGARDE:IT'S OBVIOUS THAT FOREX MOVES MAY HAVE AN IMPACT ON INFLATION post: ECB'S PRESIDENT LAGARDE: WE MONITOR THE EXCHANGE RATE.
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post: Fed's Mester: We Want To Get More Information Before We Can Say Inflation Is On A Sustainable Path To 2% - This Year Inflation Is A Little Higher Than Expected post: MESTER EXPECTS INFLATION TO DECREASE post: MESTER: RATES COULD STAY PUT FOR LONGER IF INFLATION DOESN'T REACH 2%
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This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those ...
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The US economy has “expanded slightly” since late February and firms reported greater difficulty in passing on higher costs, the Federal Reserve said in its Beige Book survey of ...
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Concerns are being raised throughout Wall Street over the Federal Reserve keeping interest rates steady for much longer than anticipated. Some of these concerns stem from Fed ...
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post: BOE GOV. BAILEY: THE UK ECONOMY ON TRACK WITH FEBRUARY FORECASTS. post: BANK OF ENGLAND'S BAILEY: WE'RE PRETTY MUCH ON TRACK FOR WHERE WE THOUGHT WE WOULD BE IN FEBRUARY ON INFLATION post: BoE’s Bailey: I Expect Next Month’s Inflation Number Will Show Quite a Strong Drop post: BOE GOV. BAILEY: RISKS REMAIN FROM THE MIDDLE EAST CONFLICT. post: BOE GOV. BAILEY: OIL PRICES HAVEN'T LEAPED AS MUCH AS EXPECTED.
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post: ECB'S PRESIDENT LAGARDE: EURO-AREA INFLATION DIFFERENT ANIMAL THAN IN THE US. post: ECB'S LAGARDE:GROWTH IN EUROPE MEDIOCRE, MUCH SLOWER THAN IN THE U.S.
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post: ECB'S LAGARDE:IT'S OBVIOUS THAT FOREX MOVES MAY HAVE AN IMPACT ON INFLATION post: ECB'S PRESIDENT LAGARDE: WE MONITOR THE EXCHANGE RATE.
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USD/JPY upside looks limited near-term, hindered by narrowing interest rate differentials and perceived increased risk of Bank of Japan intervention. The stronger yen may add to growing downside momentum in the Nikkei 225, putting two of the strongest market trends in 2024 under threat. Don’t adjust your screens… USD/JPY declines: The Japanese yen received ...
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There is not a lot of to update from yesterday’s analysis. But for those that missed it, a head and shoulders pattern projects a downside target just beneath 63. Yet AUD/USD’s ability to hold above 63c last year despite a slew of negative sentiment, I remain doubtful that it will simply break beneath this level if revisit – unless the wheels fall off of the ...
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Reuters is reporting that Copenhagen based Retail FX and CFDs broker Saxo Bank has invited investment banks to pitch for a role in helping to sell the company. It is expected that a sale process will begin later this year, depending on overall market (and company) conditions. Reuters quoted people familiar with the matter as saying that a sale could value ...