Forex News
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Federal Deposit Insurance Corp. Chairman Martin Gruenberg sat for a second day of grilling Thursday on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week. The hearing was called to address oversight of financial regulators, including the Office of the Comptroller ...
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Renaissance Technologies LLC, the quantitative fund founded by the late Jim Simons, loaded up on shares of meme-stock darlings AMC Entertainment Holdings Inc. and GameStop Corp. ahead of the latest rally. The hedge fund bought 3.82 million shares of AMC in the first quarter of 2024, adding to its position in the movie theater chain, according to regulatory ...
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In our team meetings, we often discuss the shifting sands of the market. Not only is it an interesting topic, but it poses a challenge for asset allocators. We are in the midst of a multi-year outperformance cycle for large-cap growth. The companies that have driven this outperformance have all become household names: Alphabet, Amazon, Apple, Meta, ...
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Thank you, President Kashkari, for the introduction, and thank you to the conference participants for the opportunity to speak with you.1 As you all know, the payment system relies on the kind of cooperation and collaboration that this body represents. So, let's begin by acknowledging that ongoing effort. From its founding, the Federal Reserve has played a ...
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post: Fed’s Powell Tested Positive for Covid-19 Yesterday, Experiencing Symptoms, Working From Home and Staying Away From Others -- Fed Spokesperson
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EUR/USD has risen approximately 1% this week due to a decline in the dollar, although the euro is trailing behind other pro-cyclical currencies in the G10, excluding the US data-sensitive CAD. This isn't unexpected, as the euro has the weakest three-month correlation with two-year USD swap rates, which previously insulated it from significant upward ...
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On May 14, U.S. Trade Representative Katherine Tai released a review report on the Section 301 tariffs imposed on China and issued a statement indicating that President Joe Biden ...
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Who are the cardholders that became newly delinquent in Q1? They’re cardholders who’d maxed out their credit cards in the prior quarter, having used up 90% to 100% of their ...
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Macro funds in Asia used the dollar’s drop Thursday as an opportunity to buy it, in particular against the yen, according to traders. A Bloomberg gauge of the currency hit a ...
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post: Fed’s Powell Tested Positive for Covid-19 Yesterday, Experiencing Symptoms, Working From Home and Staying Away From Others -- Fed Spokesperson
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Thank you, President Kashkari, for the introduction, and thank you to the conference participants for the opportunity to speak with you.1 As you all know, the payment system ...
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The euro area annual inflation rate was 2.4% in April 2024, stable compared to March 2024. A year earlier, the rate was 7.0%. In the EU, the annual inflation was 2.6% in April ...
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US CPI was the big item from this week and the Wednesday release prodded several themes across global markets. US equities broke out to fresh highs on the back of that print, and the US Dollar broke down to fresh monthly lows, eventually finding support around the 200-day moving average which led to a bounce on Thursday. The move in the Dollar contributed ...
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Latest statements from Governor Andrew Bailey reflected the bullish potential of the UK economy, as he claimed that markets have not yet priced in the full impact of the coming rate cuts below the 16-year highs. The optimism of the BOE will be confirmed by the consumer price inflation results on Wednesday if the metrics revealed a 3-month downtrend streak. ...
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Tickmill has enhanced its copy trading services with the latest integration of SoFinX's platform. Announced today (Friday), the new platform will offer tools for experienced traders and investors, claiming to provide users with “a new and improved trading experience.” The press release shared with Finance Magnates detailed that SoFinX's platform features ...