Forex News
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One evening in March — at 8:41 p.m. Chicago time to be exact — internal warnings flashed within Walmart Inc. about a curious thing happening at hundreds of its stores across the US. Shoppers scanning certain items at self-checkout stands were seeing the wrong prices. Some prices were lower than listed. Others were higher. Unbeknownst to those buying food, ...
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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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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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National economic activity continued to expand from early April to mid-May; however, conditions varied across industries and Districts. Most Districts reported slight or modest growth, while two noted no change in activity. Retail spending was flat to up slightly, reflecting lower discretionary spending and heightened price sensitivity among consumers. Auto sales were roughly flat, with a few Districts noting that manufacturers were offering incentives to spur sales. Travel and tourism strengthened across much of the country, boosted by increased leisure and business travel, but hospitality contacts were mixed in their outlooks for the summer season. Demand for nonfinancial services rose, and activity in transportation services was mixed, as port and rail activity increased whereas reports of trucking and freight demand varied. Nonprofits and community organizations cited continued solid demand for their services, and manufacturing activity was widely characterized as flat to up, though two Districts cited declines. Tight credit standards and high interest rates continued to constrain lending growth. Housing demand rose modestly, and single-family construction increased, though there were reports of rising rates impacting sales activity. Conditions in the commercial real estate sector softened amid supply concerns, tight credit conditions, and elevated borrowing costs. Energy activity was largely stable, whereas agricultural reports were mixed, as drought conditions eased in some Districts, but farm finances/incomes remained a concern. Overall outlooks grew somewhat more pessimistic amid reports of rising uncertainty and greater downside risks post: FED BEIGE BOOK: PRICES INCREASED AT A MODEST PACE OVER THE REPORTING PERIOD. post: FED BEIGE BOOK: OVERALL OUTLOOKS GREW SOMEWHAT MORE PESSIMISTIC AMID REPORTS OF RISING UNCERTAINTY AND GREATER DOWNSIDE RISKS. post: FED BEIGE BOOK: NATIONAL ECONOMIC ACTIVITY CONTINUED TO EXPAND FROM EARLY APRIL TO MID-MAY. HOWEVER, CONDITIONS VARIED ACROSS INDUSTRIES AND DISTRICTS. post: FED'S BEIGE BOOK: EMPLOYMENT ROSE AT A SLIGHT PACE OVERALL. EIGHT DISTRICTS REPORTED NEGLIGIBLE TO MODEST JOB GAINS,AND THE REMAINING FOUR DISTRICTS REPORTED NO CHANGES IN EMPLOYMENT.
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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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Global central banks and finance ministries held nearly $12 trillion of foreign exchange reserves as of the end of 2023, with nearly $7 trillion composed of U.S. dollar assets. ...
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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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National economic activity continued to expand from early April to mid-May; however, conditions varied across industries and Districts. Most Districts reported slight or modest growth, while two noted no change in activity. Retail spending was flat to up slightly, reflecting lower discretionary spending and heightened price sensitivity among consumers. Auto sales were roughly flat, with a few Districts noting that manufacturers were offering incentives to spur sales. Travel and tourism strengthened across much of the country, boosted by increased leisure and business travel, but hospitality contacts were mixed in their outlooks for the summer season. Demand for nonfinancial services rose, and activity in transportation services was mixed, as port and rail activity increased whereas reports of trucking and freight demand varied. Nonprofits and community organizations cited continued solid demand for their services, and manufacturing activity was widely characterized as flat to up, though two Districts cited declines. Tight credit standards and high interest rates continued to constrain lending growth. Housing demand rose modestly, and single-family construction increased, though there were reports of rising rates impacting sales activity. Conditions in the commercial real estate sector softened amid supply concerns, tight credit conditions, and elevated borrowing costs. Energy activity was largely stable, whereas agricultural reports were mixed, as drought conditions eased in some Districts, but farm finances/incomes remained a concern. Overall outlooks grew somewhat more pessimistic amid reports of rising uncertainty and greater downside risks post: FED BEIGE BOOK: PRICES INCREASED AT A MODEST PACE OVER THE REPORTING PERIOD. post: FED BEIGE BOOK: OVERALL OUTLOOKS GREW SOMEWHAT MORE PESSIMISTIC AMID REPORTS OF RISING UNCERTAINTY AND GREATER DOWNSIDE RISKS. post: FED BEIGE BOOK: NATIONAL ECONOMIC ACTIVITY CONTINUED TO EXPAND FROM EARLY APRIL TO MID-MAY. HOWEVER, CONDITIONS VARIED ACROSS INDUSTRIES AND DISTRICTS. post: FED'S BEIGE BOOK: EMPLOYMENT ROSE AT A SLIGHT PACE OVERALL. EIGHT DISTRICTS REPORTED NEGLIGIBLE TO MODEST JOB GAINS,AND THE REMAINING FOUR DISTRICTS REPORTED NO CHANGES IN EMPLOYMENT.
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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 ...
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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 ...