Forex News
- From corporate.nordea.com|1 hr 19 min ago
- From msn.com|6 hr ago
Michael Jordan was the biggest star in American sports and revolutionized the business of the National Basketball Association in the 1990s. LeBron James reigned on the court and built an empire off the court over the past two decades. They are the greatest players of all time and the richest players of their eras. But the best young player in the NBA today ...
- From thehill.com|23 hr ago|3 comments
Nvidia’s market value crossed $3 trillion for the first time Wednesday, propelling the chipmaker above Apple to become the second-most valuable company in the world. The chipmaker, whose processors are central to powering the current artificial intelligence (AI) craze, saw its shares climb 5.16 percent Wednesday ahead of Friday’s stock split. Microsoft ...
- From youtube.com/charlesschwab|22 hr ago
GDP, or gross domestic product, is all over financial news. It’s a measure of the value of all the goods and services in a country, but what does it actually mean? Well, it works as an indicator for how well or poorly a nation’s overall economy is faring. Do policies need adjusting? Are people gainfully employed? Watch to learn how GDP works and why it ...
- From ecb.europa.eu|10 hr ago|12 comments
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady. Since the Governing Council meeting in September 2023, inflation has fallen by more than 2.5 percentage points and the inflation outlook has improved markedly. Underlying inflation has also eased, reinforcing the signs that price pressures have weakened, and inflation expectations have declined at all horizons. Monetary policy has kept financing conditions restrictive. By dampening demand and keeping inflation expectations well anchored, this has made a major contribution to bringing inflation back down. post:
#ECB CUTS DEPOSIT FACILITY RATE BY 25BPS TO 3.75%; EST. 3.75% - BBG *ECB CUTS MARGINAL LENDING FACILITY TO 4.50%; EST. 4.50% *ECB CUTS MAIN REFINANCING RATE BY 25BPS TO 4.25%; EST. 4.25% post: ECB SAYS ECB WILL CONTINUE TO REINVEST, IN FULL, PRINCIPAL PAYMENTS FROM MATURING SECURITIES PURCHASED UNDER PEPP UNTIL END OF JUNE 2024 || ECB SAYS OVER SECOND HALF OF YEAR, IT WILL REDUCE PEPP PORTFOLIO BY €7.5 BILLION PER MONTH ON AVERAGE ECB SAYS ECB INTENDS TO DISCONTINUE… post: ECB Not Pre-Committing To Any Particular Rate Path - Inflation Likely To Stay Above Target Well Into Next Year - Raises Inflation Forecasts For 2024, 2025European Central Bank cuts main interest rate by 0.25 points The European Central Bank has eased the pressure on borrowers across the eurozone after cutting its main interest rate for the first time in almost five years. The ECB reduced its deposit rate to 3.75% from a record high of 4%, putting it ahead of the US Federal Reserve and the Bank of England, which have yet to cut interest rates. Financial markets eagerly anticipated the first eurozone cut since September 2019, which will also affect the ECB’s main refinancing operations rate, which fell from 4.5% to 4.25%. City analysts had forecast the cut in borrowing costs at the ECB’s June meeting after signals that that the central bank was ready to offer more support to eurozone economies after a period of economic stagnation following the Russian invasion of Ukraine.
- From dol.gov|10 hr ago|13 comments
In the week ending June 1, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 8,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 219,000 to 221,000. The 4-week moving average was 222,250, a decrease of 750 from the previous week's revised average. The previous week's ...
- From @financialjuice|9 hr ago
post: ECB'S PRESIDENT LAGARDE: THE DECISION WAS ALMOST UNANIMOUS APART FROM ONE GOVERNOR.
- From ecb.europa.eu|10 hr ago|1 comment
ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to ...
- From marctomarket.com|11 hr ago
The dollar is mostly softer today, ahead of tomorrow's employment report. The ECB meeting and President Lagarde's press conference are main events today. There is little doubt ...
- From bnnbloomberg.ca|9 hr ago
Canada’s merchandise trade deficit narrowed on higher energy and gold exports. The country recorded a C$1.05 billion trade deficit in April, from C$1.99 billion a month earlier, ...
- From ecb.europa.eu|10 hr ago|12 comments
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady. Since the Governing Council meeting in September 2023, inflation has fallen by more than 2.5 percentage points and the inflation outlook has improved markedly. Underlying inflation has also eased, reinforcing the signs that price pressures have weakened, and inflation expectations have declined at all horizons. Monetary policy has kept financing conditions restrictive. By dampening demand and keeping inflation expectations well anchored, this has made a major contribution to bringing inflation back down. post:
#ECB CUTS DEPOSIT FACILITY RATE BY 25BPS TO 3.75%; EST. 3.75% - BBG *ECB CUTS MARGINAL LENDING FACILITY TO 4.50%; EST. 4.50% *ECB CUTS MAIN REFINANCING RATE BY 25BPS TO 4.25%; EST. 4.25% post: ECB SAYS ECB WILL CONTINUE TO REINVEST, IN FULL, PRINCIPAL PAYMENTS FROM MATURING SECURITIES PURCHASED UNDER PEPP UNTIL END OF JUNE 2024 || ECB SAYS OVER SECOND HALF OF YEAR, IT WILL REDUCE PEPP PORTFOLIO BY €7.5 BILLION PER MONTH ON AVERAGE ECB SAYS ECB INTENDS TO DISCONTINUE… post: ECB Not Pre-Committing To Any Particular Rate Path - Inflation Likely To Stay Above Target Well Into Next Year - Raises Inflation Forecasts For 2024, 2025European Central Bank cuts main interest rate by 0.25 points The European Central Bank has eased the pressure on borrowers across the eurozone after cutting its main interest rate for the first time in almost five years. The ECB reduced its deposit rate to 3.75% from a record high of 4%, putting it ahead of the US Federal Reserve and the Bank of England, which have yet to cut interest rates. Financial markets eagerly anticipated the first eurozone cut since September 2019, which will also affect the ECB’s main refinancing operations rate, which fell from 4.5% to 4.25%. City analysts had forecast the cut in borrowing costs at the ECB’s June meeting after signals that that the central bank was ready to offer more support to eurozone economies after a period of economic stagnation following the Russian invasion of Ukraine.
- From dol.gov|10 hr ago|13 comments
In the week ending June 1, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 8,000 from the previous week's revised level. The previous week's ...
- From @NourHammoury|9 hr ago|1 comment
post: *LAGARDE: WOULDN'T SAY ECB IS MOVING IN DIALING-BACK PHASE post: ECB'S PRESIDENT LAGARDE: WE WILL NEED MORE DATA TO CONSTANTLY CONFIRM DISINFLATIONARY PATH. post: ECB'S PRESIDENT LAGARDE: WE'RE MORE RESTRICTIVE IN REAL TERMS THAN BACK IN SEPTEMBER. post: MORE ECB'S LAGARDE: I CANNOT CONFIRM THE THE 'DIALING BACK' PROCESS IS UNDERWAY, BUT THERE IS A 'STRONG LIKELIHOOD' THAT IT IS UNDERWAY #ecb #europeancentralbank #interestrates #inflation #eurozone #monetarypolicy #christinelagarde post: <EUR=>:
*LAGARDE: SPEED, TIMING WILL BE DETERMINED BY DATA
?*LAGARDE: NEXT FEW MONTHS WILL BE BUMPY
- From dailypriceaction.com|4 hr ago
Thursday’s European Central Bank (ECB) rate decision and press conference failed to move the needle for the EURUSD, but traders don’t have to wait long for more volatility. Watch today’s video for my thoughts on today’s post-ECB price action from the EURUSD and DXY, plus get my thoughts on Friday’s non-farm payroll (NFP). The EURUSD rallied overnight ahead ...
- From xm.com|12 hr ago
EURGBP is trading higher today, a tad above its lowest level since August 2022, and in an extremely important support area that has repeatedly acted as a floor and put a stop in the bears’ momentum. The market is preparing for the much-awaited ECB meeting that could deliver the first rate from a major central bank later today. The euro has been under severe ...
- From financemagnates.com|3 hr ago
"The business models used by firms engaged in prop trading (technically funded trader services) can take various forms, some of which may be subject to the MiFID regulatory framework,” the Czech National Bank told Finance Magnates exclusively. In this context, It's worth mentioning that one of the top prop trading companies, FTMO, is domiciled in the Czech ...