Forex News
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Stephen Ross, the billionaire real-estate magnate, is gearing up for the Miami Grand Prix this weekend—and he has no plans to give up the Formula 1 event anytime soon. Ross recently turned down a $10 billion offer to take over his sports enterprise, which includes the grand prix, the Miami Dolphins, and Hard Rock Stadium, USA Today reported on Wednesday. ...
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A scammer who spent years duping people and stealing $1.1million in COVID funds to support his luxury lifestyle has been identified as he faces prison for his crimes. Joey Cipolla drove a Lamborghini and a Bentley that frequently sat in the driveway of his 12,000sqf mansion in Bloomingdale, Illinois, an affluent area outside Chicago. He had his own Cessna ...
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Currency trading is somewhat unusual in that the price reflects what is happening in two different currency zones. If we want to discuss how currencies relate to inflation, we should keep in mind that we should be talking about the inflation rate in the two currencies. For example, if the inflation rate in Canada is 2% and the inflation rate in the United ...
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Event risk from NFP and thin market liquidity are key reasons to stay on another intervention alert on JPY. There is also no major US data next week, which could mean any resulting yen strength could be more sustainable. Scope for USDJPY to sub-150 levels. JPY traders – here are four reasons to stay on intervention alert: Previous interventions this week ...
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Total assets on the Fed’s balance sheet fell by $77 billion in April, to $7.36 trillion, the lowest since December 2020, according to the Fed’s weekly balance sheet today. Since the end of QE in April 2022, the Fed has shed $1.60 trillion. After months of talking about it, the Fed has now clarified officially when, how, and by how much it will slow QT. ...
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The Bank of England’s effort to stimulate the economy during the pandemic is responsible for all £115 billion ($144 billion) of the net losses on quantitative-easing that UK taxpayers will have to cover, analysis by Bloomberg shows. Using the central bank’s latest estimate of the lifetime cost of the program, a Bloomberg analysis indicates that the BOE is ...
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The Bank of England’s effort to stimulate the economy during the pandemic is responsible for all £115 billion ($144 billion) of the net losses on quantitative-easing that UK ...
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Event risk from NFP and thin market liquidity are key reasons to stay on another intervention alert on JPY. There is also no major US data next week, which could mean any ...
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Total assets on the Fed’s balance sheet fell by $77 billion in April, to $7.36 trillion, the lowest since December 2020, according to the Fed’s weekly balance sheet today. Since ...
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In March 2024, output decreased over a month in the manufacturing industry (‑0.5% after +1.0% in February 2024) and in the whole industry (‑0.3% after +0.2%). In March 2024, ...
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UK service providers recorded a robust and accelerated upturn in business activity during April, supported by a renewed strengthening of order books. Survey respondents often ...
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In March 2024 the number of both employed and inactive people rose, while unemployed persons fell. On a monthly basis, the increase in employment (+0.3%, +70 thousand) affected ...
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The pound-dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is signaling positivity. Bitcoin gained 0.9% against the dollar in the last session. However, the ROC is giving a negative signal, indicating potential downward movement. The oil-dollar price remained largely unchanged in the last session. Despite this, the ...
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The Japanese Yen is maintaining its rally against the US dollar amid speculation that Japan’s financial authorities have intervened for the second time this week to support the domestic currency. According to Reuters, data from the Bank of Japan on Thursday suggests that Japanese officials may have spent between 3.26 trillion and 3.66 trillion yen ...
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IC Markets, an acclaimed global online forex and CFD provider, has unveiled a new global campaign. Set against the adrenaline-fueled world of competitive car racing, where every second counts, IC Markets’ newest TV commercial draws a compelling parallel. It aligns the racetrack’s high-octane speed and precision with the ultra-fast trade execution that is a ...