Forex News
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Every four years, top national teams vie for the coveted European title. This prestigious championship holds significant value, but how much exactly? While the title itself isn’t up for sale, gauging how much fans would be willing to pay for victory provides insight into its worth. Italians value the title at approximately €420 per person. This could be ...
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America’s most valuable postage stamp sold for nearly $4.4 million on Friday. The 1868 one-cent “Z” Grill was sold as part of the collection owned by “Bond King” Bill Gross, who co-founded asset management firm Pacific Investment Management Co., otherwise known as PIMCO. The winning bidder chose to remain anonymous. It’s the first time the stamp has been ...
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Yes, ChatGPT can generate code that is compatible with trading platforms such as MetaTrader 4 (MT4). In this way, the use of ChatGPT can be useful when users want to develop code for their trading strategies by giving explicit instructions to program the code for that specific topic. However, before you launch it, it may be necessary to perform further ...
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The U.K. had some cause for celebration on Wednesday morning, as headline inflation hit the Bank of England’s 2% target for the first time in nearly three years. But the print only served to further convince traders that an interest rate cut is not imminent. Money market pricing by 11 a.m. in London implied just a 5% probability of a trim of the Bank Rate ...
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Monetary policy measures have an effect on public sector debt management, not only quantitative easing/tightening but also the pattern of interest rate changes. As public sector debt ratios rise, the sensitivity of debt management issues to monetary policy decisions will increase. This column explores some of the likely consequences of this by comparing the ...
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France’s Finance Ministry estimates the selloff in the country’s debt after President Emmanuel Macron called snap legislative elections would cost the state around an additional €800 million ($859 million) if the higher price of borrowing persisted for a year. The calculation is based on an increase in the premium of France’s borrowing costs over Germany’s ...
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The U.K. had some cause for celebration on Wednesday morning, as headline inflation hit the Bank of England’s 2% target for the first time in nearly three years. But the print ...
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A recent change to the way the US reports the value of foreign holdings of its debt shows net selling of Treasuries since 2021 has been overestimated, according to analysts at ...
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Monetary policy measures have an effect on public sector debt management, not only quantitative easing/tightening but also the pattern of interest rate changes. As public sector ...
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The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 2.8% in the 12 months to May 2024, down from 3.0% in the 12 months to April. On a monthly basis, ...
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Current account recorded €39 billion surplus in April 2024, up from €36 billion in previous month Current account surplus amounted to €337 billion (2.3% of euro area GDP) in the ...
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Average UK house price annual inflation was 1.1% (provisional estimate) in the 12 months to April 2024, up from an increase of 0.9% (revised estimate) in the 12 months to March ...
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The US dollar has remained mildly on the backfoot amid a lack of any major news today and with the US out on holiday. The greenback fell on Tuesday after a weaker-than-expected retail sales print. FX investors will look ahead to two major central bank decisions on Thursday (BoE and SNB) as well as important US data that includes the weekly jobless claims ...
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USDJPY remains worryingly close to highs on the back of the recent BOJ and FOMC meetings. A more hawkish tone from the Fed has seen the Dollar well supported on the back of the June FOMC. Powell and co revised the bank’s inflation forecasts highs and scaled back easing projections from 3 rate cuts this year to just 1. The fallout has seen USD remaining well ...
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Retail Forex and CFD brokerage Pepperstone announced today (Wednesday) the launch of 24-hour CFD trading on US shares in collaboration with cTrader, MetaTrader, and TradingView. This new service will allow traders to respond to market-moving events and news at any time, regardless of standard market hours. Stock markets are limited to several-hour sessions ...