Forex News
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It is certainly hard to keep the various venues and facets of Deutsche Bank’s now 15-year-long battle with billionaire Alexander Vik in order and understanding. After all, they involve numerous lawsuits and one criminal case against the Monaco-based billionaire in the High Court of Justice and Court of Appeal in London, the Court of Probate and Enforcement ...
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Comedian Joe Rogan welcomed an Australian martial artist to his podcast who dumped $1 million in cash out on a table to promote his upcoming fighting tournament, video shows. Craig Jones, a Brazilian Jiu-Jitsu fighter, made an appearance on the immensely popular “Joe Rogan Experience” podcast this week and in the middle of the interview said he wanted to ...
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Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: chart Wages grow ...
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So the Federal Reserve's preferred measure of inflation, the core personal consumer expenditure deflator, has come in at 0.2% month-on-month - the consensus had been swinging between 0.2% and 0.3% all week largely because based on the inputs from the PPI and CPI reports, the general sense was that it would come in at somewhere between 0.22 and 0.28% to two ...
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It’s been one of those weeks that’s all about the details. The weekly bar of the US Dollar is currently showing as a spinning top but that doesn’t really tell the story of the currency’s price action. Last week showed a strong response to resistance at the 105-105.13 zone, which led to a fast snap back that held through this week’s open. On Tuesday, a key ...
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Federal Reserve officials received reassurance this week that inflation remains on a downward — albeit bumpy — path, but policymakers are unlikely to waver from their message that they need more evidence. The Fed’s preferred measure of underlying inflation cooled last month, advancing at the slowest pace this year, government data showed Friday. And on the ...
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So the Federal Reserve's preferred measure of inflation, the core personal consumer expenditure deflator, has come in at 0.2% month-on-month - the consensus had been swinging ...
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Confirming what everyone knew, this morning Japan's finance ministry confirmed that it spent a record ¥9.8 trillion ($62.2 billion) over the past month, but really on two ...
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Federal Reserve officials received reassurance this week that inflation remains on a downward — albeit bumpy — path, but policymakers are unlikely to waver from their message that ...
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The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 35.4 in May from 37.9 in April. This is the sixth straight monthly decline and the lowest level ...
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Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI) —personal income less personal current taxes—increased $40.2 billion (0.2 percent) and personal consumption expenditures (PCE) increased $39.1 billion (0.2 percent). The PCE price index increased 0.3 percent. Excluding food and energy, the PCE price index increased 0.2 percent (table 5). Real DPI decreased 0.1 percent in April and real PCE decreased 0.1 percent; goods decreased 0.4 percent and services increased 0.1 percent (tables 3 and 4). table | post: The core PCE price index rose 0.25% in April (it rounded down to 0.2% because it was 0.249%) Jan-March figures were revised down ever so slightly. The 12-month change was 2.75%, a three-year low The 6-month annualized rate was 3.18%, the highest since July pic.twitter.com/boKVU2IxLA post: The 3-month annualized rate was 3.46%, down from the previous two months but still higher than any point in 2H 2023 This report was largely anticipated two weeks ago and won't change much of anything for the near-term Fed outlook of "wait and see."The Fed’s favorite inflation gauge showed little progress last month Inflation remained sticky in April, as a closely watched measure of price changes was unchanged from the month before, providing yet another reminder of stubborn price pressures. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — rose 0.3% from the month before, resulting in an annual rate of 2.7% that matched March’s gain, according to Commerce Department data. Although Friday’s report served as yet another reminder that slowing down inflation is a bumpy process, the results weren’t a surprise. Economists, by and large, weren’t expecting much of a meaningful shift in the inflation gauges. Both the monthly and annual increases in the overall and core index were projected to be unchanged from March, according to FactSet consensus estimates.
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For nearly 20 years of my life, I looked with great anticipation to the time of the year when April rolled into May and June. The explosion of spring and the approach of summer were wonderful. But, more importantly, this meant that graduation season had arrived. As a professor at the University of Southern California, it was again time to don my cap and gown and celebrate the amazing accomplishments of an amazing group of people. It was my happiest time of the year. At graduation, no matter where it is, everybody seems to be floating on air, almost dancing. Maybe the electric slide? Now I have to tell you, I was a little bit afraid to use that reference, as it might show my age. Do you guys know that dance? Don't worry, I'm not going to demonstrate. At least not in this cap and gown. Can you imagine this hood on that hard turn to the right?! Now I recognize the youngsters in the crowd here might gravitate to a different step, but please bear with this Gen Xer. My overarching point is this: it is a great personal privilege to share in the pride, joy, and excitement this evening brings. Congratulations to the class of 2024! I know that it has taken a lot of effort to get here. You graduates definitely worked hard. But let's not forget the sacrifice from all the others: friends, family, mentors, teachers, administrators. This is truly a team effort. Let me give a particular shout-out to President Jermaine Whirl, who is presiding tonight. And thank you, Dr. Whirl, for inviting me to speak. I've gotten to know Dr. Whirl in his capacity as an adviser to the Atlanta Fed, and I have to say that you've got a special man here. Now, you just heard my bio, so you know I'm an economist. That may have triggered an "uh-oh" in your mind. Well, don't worry. I'm not going to give a dull economics lecture. I'll leave those discussions for TV interviews. I'm not even going to talk about interest rates. It wouldn't much matter if I did, though, as I'd only be speaking for myself and not for the Fed or any of my Fed colleagues across the country. Tonight is about you. You are about to embark on a wonderful journey, full of twists and turns, for sure. But this journey will also present you with opportunities broader and more diverse than you could imagine. You can't know this right now, but you will have chances to be more than you think, to be bigger than you think, to be more impactful than you think. I know because it's happened to me. Take this job, for example. Being a Federal Reserve Bank president was nowhere on my dream job list 10 months before I started doing it. I was contacted in August, offered the job in March, and was in the job, living in the South for the first time in June of 2017. The same goes for my time in the Obama Administration. In the 2008 election Americans chose Barack Obama as their leader, and I didn't think too deeply about it. I was doing my professor gig. I was happy teaching students like you and doing research on housing. At the time, the country was in the midst of a housing crisis. But I was still surprised when I got a call in December from Washington asking if I would be willing to meet with folks about a leadership role in the Administration. Well, I was confirmed by the Senate in the late spring and started work in the summer. That all happened in just seven months, folks! You may be wondering why that surprised me. After all, it was during a housing crisis, as I mentioned, and I was a housing expert. Well, the truth was that I didn't see myself that way. Like many of you, I figured my only direct connection to presidential and federal policy was voting. I couldn't imagine myself in a bigger-picture role. My view of what was possible was limited to what I saw and knew. I was where you are now. So, having been in your shoes, let me offer two pieces of advice. First, be open to the unexpected. People will see things in you that you haven't seen in yourself, post: FED'S BOSTIC: NO COMMENT ON MONETARY POLICY IN SPEECH TEXT
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It’s been one of those weeks that’s all about the details. The weekly bar of the US Dollar is currently showing as a spinning top but that doesn’t really tell the story of the currency’s price action. Last week showed a strong response to resistance at the 105-105.13 zone, which led to a fast snap back that held through this week’s open. On Tuesday, a key ...
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USDCAD has been rebounding off the medium-term ascending trend line over the last couple of weeks, remaining in a positive territory. However, the pair is also finding strong resistance around the 1.3740 barricade with the short-term simple moving averages (SMAs) suggesting a potential bearish crossover. The technical oscillators are showing some mixed ...
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HFM, one of the biggest brokers regulated by the South African authorities and a global broker of choice, has been honored with the ‘Best Copy Trading Broker Award’ at FMAS:24 in recognition of their reinvented Copy Trading program and market leading trading conditions. Copy Trading, HFM’s innovative copy trading feature, transcends geographical boundaries ...