Forex News
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There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy. Customers of fintech firms that used Synapse to link up with banks had $265 million in balances, while the banks themselves only had $180 million associated ...
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The meme stock influencer Kieth Gill, better known online as Roaring Kitty or DeepFucking Value, opined on YouTube—carefully—on Friday about GameStop’s future as a company. It was his first livestream since 2021. “Do I have to be careful about what I saw here?” the influencer asked, while displaying a background of GameStop’s stock price on Yahoo Finance. ...
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A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures have been ...
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The European Central Bank’s interest-rate cut reflects improved inflation dynamics across the 20-nation euro zone, according to Bundesbank President Joachim Nagel. “It was a logical step, which reflects the picture we’ve had for months — inflation is retreating,” he said in an interview with German public broadcaster ZDF on Friday. “That’s good news — the ...
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A second member of the Philippine central bank’s policy-setting Monetary Board offered to resign amid an ongoing investigation into the presence of “ghost” employees at the institution, the Philippine Star reported on Saturday, citing an unidentified official at the Bangko Sentral ng Pilipinas. Anita Linda Aquino recently submitted her resignation letter to ...
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Further reductions of European Central Bank borrowing costs may risk a stronger impact on the euro exchange rate and inflation, according to Governing Council member Robert Holzmann. “If the original assumption of three rate cuts were to materialize, and the Federal Reserve didn’t respond, it would certainly have an impact on the exchange rate, and with it ...
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Friday’s eye-popping jobs number is likely to energize a debate already dividing Federal Reserve officials over whether their policy setting is slowing the economy as much as they ...
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Jeremy Siegel, Wharton professor emeritus of finance, joins 'Closing Bell Overtime' to talk the May jobs report, the state of the U.S. economy and more.
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We received mixed economic signals this week with the ISM Manufacturing PMI remaining in contraction in May after a brief, one-month, slightly expansionary reading in March, but ...
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It was a big week for the US Dollar in the headlines and the data front, although it may not be as visible on the weekly chart at this point. There were three items from the economic calendar that really stuck out to me, and I think that’ll have some bearing on price action next week as we move into the FOMC meeting on Wednesday. The week began with a ...
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Today’s hot US jobs report has sparked a US dollar rally that could last all month. Watch today’s video to see how that could impact the DXY, EURUSD, GBPUSD, XAUUSD, and AUDCAD next week. The DXY broke below a significant level on Monday at 104.50. That’s the bottom of an ascending channel that has held all year for the dollar index. However, I gave several ...
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Over the last few years, dozens of innovative Forex trading platforms have arisen in the investment market, presenting some serious competition for Metatrader platforms, which were previously industry standards. A rising market looking for such alternatives has been Indian and Pakistani traders; while they’re very familiar with the strengths of MT4 and MT5, ...