Forex News
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A global malware network responsible for the theft of $5.9 billion in Covid relief funds and tied to other crimes like child exploitation and bomb threats has been shut down, Department of Justice officials announced Wednesday. The DOJ arrested 35-year-old YunHe Wang, a Chinese national who was charged with creating the “botnet,” a kind of malware that ...
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DraftKings woke up with slightly lighter pockets after the Timberwolves pulled the upset win over the Mavericks in Game 4 to secure a $3.2 million parlay payout for “Million Dollar” Marco Piemonte. The famous gambler wagered $200,000 on a 15/1 parlay that consisted of four bets, including three MLB wagers Monday: the Giants (-135) to beat the Phillies, ...
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In a witty turn of the phrase, Bloomberg writes today that "the US stock market is finally as fast as it was about a hundred years ago" and it's true: it's been about one century since share trades in New York settled in a single day, as they will from Tuesday under new SEC rules. The change, which cuts in half the time it takes to complete every ...
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The inflation rate in Germany is expected to be +2.4% in May 2024. The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to increase by 0.1% on April 2024. The ...
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The most interesting debate going on these days is about consumer sentiment. The US economy has outperformed expectations by most metrics. The stock market is booming, real GDP is at potential trend, wages are growing solidly, consumers are spending, etc. And yet consumer sentiment surveys remain very negative. What gives? I think I know what’s going on ...
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Fifth District manufacturing activity improved but remained sluggish in May, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index increased from -7 in April to 0 in May. Of its three component indexes, shipments increased from -10 to 13, new orders increased from -9 to -6, and employment fell from ...
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The most interesting debate going on these days is about consumer sentiment. The US economy has outperformed expectations by most metrics. The stock market is booming, real GDP is ...
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The Bank of Japan may raise interest rates if sharp falls in the yen boost inflation or the public's perception of future prices move more than expected, board member Seiji Adachi ...
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Australia’s April inflation came in hot. • The RBA is likely to delay rate cuts and maintain a tightening bias. • However, rate hikes are unlikely to be back on the table. • ...
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The inflation rate in Germany is expected to be +2.4% in May 2024. The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a ...
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The monthly CPI indicator rose 3.6% in the 12 months to April. The most significant price rises were Housing (+4.9%), Food and non-alcoholic beverages (+3.8%), Alcohol and tobacco ...
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Bank of Japan board member Seiji Adachi: • Changing monetary policy frequently to stablise FX moves would lead to big changes in rate moves. • If interest rate moves are too big, ...
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The British Pound surged more than 4% off the yearly lows registered last month with GBP/USD now testing major technical resistance near the yearly highs. The immediate focus is on a reaction into this threshold with the bulls vulnerable sub-1.28. These are the updated targets and invalidation levels that matter on the GBP/USD weekly chart heading into June ...
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The USD/JPY is nearing intervention territory as it climbs above 157.00. Are we going to see a re-test of 160.00? The US dollar has been strengthening again, following a surprise rise in US consumer confidence for May, strengthening bond yields, and ongoing Fed hawkishness. Our short-term USD/JPY forecast remains bullish amid the BoJ’s current policy ...
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Although South Korea is one of the more developed financial markets, the operating hours for its foreign exchange (FX) market have been quite limited. Until now, the Korean won trading has only been active for 6.5 hours, but it will soon be significantly prolonged. This change will be groundbreaking, extending the official session to 17 hours. According to ...