Forex News
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A job posting that included race and citizenship requirements — and the stipulation, “Don’t share with candidates” — has resulted in settlement agreements between Virginia-based IT staffing firm Arthur Grand Technologies Inc. and the U.S. government. Under the arrangement, Arthur Grand will pay a civil penalty of $7,500, along with a total of $31,000 to 31 ...
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Romania’s Mugur Isarescu, the world’s longest-serving central bank governor, is poised to be confirmed for a new five-year term as lawmakers seek a vote on the extension by the end of June. Isarescu took over the leadership of the National Bank of Romania in 1990, less than a year after the collapse of Nicolae Ceausescu’s communist regime, and has served ...
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It’s well known that currencies are closely linked to interest rates movements. The reason of this relationship is pretty simple: higher interest rates tend to attract foreign investment, increasing the demand and value of the currency. On the other hand, lower interest rates tend to be less attractive for foreign investment and decrease the currency's ...
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The Conference Board Consumer Confidence Index® rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision). The Present Situation Index—based on consumers' assessment of current business and labor market conditions—increased to 143.1 (1985=100) in May from 140.6 in April. Meanwhile, the Expectations Index—based on consumers' short-term ...
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post: FED'S KASHKARI: THE US LABOR MARKET HAS SOFTENED, BUT REMAINS TIGHT. post: FED'S KASHKARI: WAGE GROWTH IS STILL QUITE ROBUST RELATIVE TO THE 2% GOAL. post: FED'S KASHKARI: I DON'T THINK ANYONE HAS TAKEN RATE INCREASES OFF THE TABLE. post: FED'S KASHKARI: IF SURPRISED BY THE DATA, THE FED WILL DO WHAT WE NEED TO DO. post: FED'S KASHKARI: POLICY IS RESTRICTIVE BY MOST MEASURES, BUT NOT ALL.
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post: FED'S DALY: **NEW TECHNOLOGIES OFTEN REALLOCATE LABOR, WITH A 'PAINFUL GAP' FOR SOME WORKERS **NO ONE KNOWS THE IMPACT OF GENERATIVE AI ON LABOR AND THE ECONOMY
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The yen slumped to its weakest level in almost 16 years against the British pound, renewing concern over a currency depreciation that has dogged policymakers this year. The ...
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The pound is nearing its strongest level in years against two of its major counterparts as traders ratchet up bets that the Bank of England will keep interest rates on hold for ...
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US consumer confidence unexpectedly rose in May for the first time in four months as views about business conditions and the labor market were less negative. The Conference ...
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The Conference Board Consumer Confidence Index® rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision). The Present Situation Index—based on consumers' ...
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The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.5% annual gain for March, the same increase as the ...
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Compared with March 2024: median consumer inflation perceptions over the previous 12 months were unchanged, while median inflation expectations for the next 12 months and for ...
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Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly open.
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The US dollar index is currently down -1.7% in May, which has effectively seen it wipe off April’s gains and snap a 4-month rally. The last time the dollar rose for four months was just ahead of the 2022 high, and if history were to repeat it points to another couple of months of the dollar’s decline and for bearish momentum to accelerate. As things stand, ...
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IG Securities, the Japanese subsidiary of electronic trading major IG Group, has raised margins for Turkish lira (TRY) instruments. The changes, which were implemented on May 24, 2024, reflect the current market environment. IG has raised the maintenance margin rate for new positions in Turkish Lira-related pairs (TRY/JPY, CHF/TRY, EUR/TRY, USD/TRY, ...