Forex News
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The former translator of Los Angeles Dodgers superstar Shohei Ohtani has agreed to plead guilty to illegally transferring $17 million out of the baseball phenoms account without his knowledge, authorities said Wednesday. Ippei Mizuhara, 39, will plead guilty to single counts of bank fraud and subscribing to a false tax return, according to federal ...
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Today, in light of intensified terrorist activity in the Middle East, the U.S. Department of the Treasurys Financial Crimes Enforcement Network (FinCEN) issued an Advisory to assist financial institutions in detecting potentially illicit transactions related to Islamic Republic of Iran-backed terrorist organizations. The Advisory highlights the means by ...
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Bond markets make the financial world go round, helping to grease the wheels of commerce, allowing economic activity to expand. But when too much debt is issued, it can overwhelm demand, causing borrowing costs to spike which can be detrimental to the economy. This balancing act is attracting plenty of interest right now, especially when it comes to trends ...
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An ugly jobless claims print was the day's early catalyst sending yields significantly lower, stocks, gold, oil, and crypto higher and the dollar down with rate-cut expectations re-ignited... chart A dovish shift supported stocks - which had a "squeezey feel" amid very low liquidity... chart Goldman's trading desk noted that while yesterday was the ...
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There was also a further element of optimism that the Euro-Zone economy is poised for at least a tentative rebound. The Euro to Dollar (EUR/USD) exchange rate recovered from initial losses to 1.0725 and posted a net gain to 1.0780. The Pound to Dollar (GBP/USD) exchange rate also moved back above the 1.1500 level, recovering from earlier lows just below ...
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Royce Mendes, managing director and head of macro strategy at Desjardins, joins to discuss the health of the Canadian consumer as retailers post cautious outlooks. Mendes says higher interest rates do a lot more to slow down spending in Canada than in other countries. Mendes also discusses the housing market and his top economic concerns.
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An ugly jobless claims print was the day's early catalyst sending yields significantly lower, stocks, gold, oil, and crypto higher and the dollar down with rate-cut expectations ...
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There was also a further element of optimism that the Euro-Zone economy is poised for at least a tentative rebound. The Euro to Dollar (EUR/USD) exchange rate recovered from ...
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Royce Mendes, managing director and head of macro strategy at Desjardins, joins to discuss the health of the Canadian consumer as retailers post cautious outlooks. Mendes says ...
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In the week ending May 4, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 22,000 from the previous week's revised level. The previous week's ...
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post: CHINA SETS YUAN MIDPOINT AT 7.4011 PER DOLLAR, COMPARED TO LAST CLOSE OF 7.2212PBOC sets USD/ CNY central rate at 7.1011 (vs. estimate at 7.2102) The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC. The previous close was 7.2212. PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8%.
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UK gross domestic product (GDP) is estimated to have increased by 0.6% in Quarter 1 (Jan to Mar) 2024, following declines of 0.3% in Quarter 4 (Oct to Dec) and 0.1% in Quarter 3 ...
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The AUD/USD currency pair on Thursday bounced off the trendline support at about 0.6563 to trade at about 0.6620. The currency pair appears to have completed an upward breakout from a descending channel formation in the 60-minute chart. The pair has now advanced to trade a few levels above the 100-hour moving average line. As a result, the currency pair is ...
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EURUSD is up today on higher-than-forecast US unemployment, but is this the start of the next leg up or a bull trap? Todays video discusses the key EURUSD levels to watch, and what could trigger the next big move, plus the latest on the US Dollar Index (DXY). The EURUSD bounced from key support today in the 1.0730 region on higher-than-forecast US ...
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Dear valued clients, In order to provide you with better online trading services, we will be launching a brand-new upgrade to our Client Portal and App this coming weekend: The maintenance and upgrade of the Client Portal will take place from 00:00 to 19:00 on May 11, 2024 (GMT+3). During this period, the servers will also be temporarily suspended, and you ...