Forex News
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It sure seems like our wallets are feeling a bit chunky these days. Bulging with plastic and that forgotten loyalty card from that quirky vintage store on vacation. But what if your financial life could be as sleek and streamlined as your favorite social feed? Enter social media payments – the fintech revolution happening right under your nose, or rather, ...
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Sam Bankman-Fried, the founder of the defunct crypto exchange FTX who was convicted on fraud and conspiracy charges last year, was sentenced to 25 years in prison Thursday in New York court. His sentence is well below the maximum statutory sentence of 115 years and the 40- to 50-year sentence prosecutors had sought, but also significantly above the ...
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We have heard much about the puzzle that US economic performance under President Joe Biden has been much stronger than voters perceive it to be. But the current episode is just one instance of a bigger historical puzzle: the US economy has since World War II consistently done better under Democratic presidents than under Republican presidents. This fact is ...
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Japan finance minister Suzuki verbal intervention. • Important for currencies to move in stable manner reflecting fundamentals. • Rapid fx moves undesirable. • Speculative move seen behind forex moves. • Closely watching fx moves with a high sense of urgency. • Won't rule out any steps to respond to disorderly fx moves. • Watching speed of forex moves, not ...
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Gold’s moving higher and… the USD Index is moving higher as well, which one is faking it? In the recent past I commented on gold’s performance as being similar to what we saw in 2011. Today’s move higher makes the similarity less clear, but still intact. chart As a reminder, back in 2011, gold consolidated for over 40 days, then it rallied sharply, and ...
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Sam Bankman-Fried, the founder of the defunct crypto exchange FTX who was convicted on fraud and conspiracy charges last year, was sentenced to 25 years in prison Thursday in New York court. His sentence is well below the maximum statutory sentence of 115 years and the 40- to 50-year sentence prosecutors had sought, but also significantly above the ...
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According to the latest metrics, the US economy is defying traditional logic regarding Fed intervention and economic activity. Despite high rates, inflation continues to moderate ...
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Japan’s hints that it will take full action to support the yen will be broadly welcomed by global investors. The yen fell to its weakest level against the dollar in approximately ...
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This is the fourth time I have had the pleasure of being invited to speak at Dauphine University and I would like to thank Elyès Jouini. But this is the first time that I will ...
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Japan finance minister Suzuki verbal intervention. • Important for currencies to move in stable manner reflecting fundamentals. • Rapid fx moves undesirable. • Speculative move ...
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post: ECB'S VILLEROY: THE ECB’S 2% INFLATION TARGET I NOW WITHIN SIGHT. post: ECB'S VILLEROY: I SEE DOWNSIDE GROWTH RISKS AND BALANCED INFLATION RISKS. post: ECB'S VILLEROY: WE NEED TO TAKE OUT INSURANCE AGAINST A HARD LANDING BY STARTING TO CUT RATES post: ECB’s Villeroy: Whether in April or June, the Exact Date of Our First Rate Cut is Not of “Existential Importance” post: ECB'S VILLEROY: THE FIRST RATE CUT SHOULD COME IN SPRING AND COME INDEPENDENTLY OF THE US FEDERAL RESERVE'S TIMEFRAME.
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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 ...
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Gold’s moving higher and… the USD Index is moving higher as well, which one is faking it? In the recent past I commented on gold’s performance as being similar to what we saw in 2011. Today’s move higher makes the similarity less clear, but still intact. chart As a reminder, back in 2011, gold consolidated for over 40 days, then it rallied sharply, and ...
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The US Dollar Index (DXY) is fighting with 104.45 resistance today, a key level that will likely determine what we see from the dollar next week. In today’s video, I discuss what’s required from DXY bulls to open up levels like 105.00 and 106.00, and whether we’re likely to get a sweep of Tuesday’s wick near 104.00. The DXY is battling the 104.45 resistance ...
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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 ...