Forex News
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There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy. Customers of fintech firms that used Synapse to link up with banks had $265 million in balances, while the banks themselves only had $180 million associated ...
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The meme stock influencer Kieth Gill, better known online as Roaring Kitty or DeepFucking Value, opined on YouTube—carefully—on Friday about GameStop’s future as a company. It was his first livestream since 2021. “Do I have to be careful about what I saw here?” the influencer asked, while displaying a background of GameStop’s stock price on Yahoo Finance. ...
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A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures have been ...
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USD, CAD, Gold, Copper, VIX, Wall Street analysis: CFutures traders reduced net-long exposure to the USD by -$4.4 billion according to the IMM (International Money Market). • Net-long exposure to USD index futures increased for a sixth week and reached a 12-week high among large speculators. • Yet their net-long exposure to EUR/USD rose for a fifth week to ...
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The surge in non-farm payrolls triggered a dollar jump across the board while risk appetite deteriorated. US non-farm payrolls increased 272,000 for May, much higher than consensus forecasts of around 180,000, although there was a small downward revision for April to 165,000 from 175,000 reported previously. The unemployment rate increased to 4.0% compared ...
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The Federal Reserve is widely expected keep its benchmark interest rate steady at the end of their two-days of deliberations on Wednesday, but economists will be watching closely for any clues on the timing of the first rate cut in four years. A move next week is off the table because Fed officials have stressed the need to be patient as the decline in ...
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USD, CAD, Gold, Copper, VIX, Wall Street analysis: CFutures traders reduced net-long exposure to the USD by -$4.4 billion according to the IMM (International Money Market). • ...
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The surge in non-farm payrolls triggered a dollar jump across the board while risk appetite deteriorated. US non-farm payrolls increased 272,000 for May, much higher than ...
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Two years ago, we started raising interest rates because inflation was far too high. Today, the situation is improved. Although some prices are still going up markedly, especially ...
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French President Emanuel Macron said Sunday he was dissolving the National Assembly and calling a snap legislative election after his party suffered a heavy defeat in elections ...
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What a difference one report can make. Friday’s strong NFP report saw the US dollar surge and unwind all of the prior week’s losses within a couple of hours. And that leaves hopes of a September Fed cut in tatters. The 272k jobs added blew away the 182k expected and earnings was also higher, which saw traders look past unemployment rising to a 2-year high ...
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Over the last few years, dozens of innovative Forex trading platforms have arisen in the investment market, presenting some serious competition for Metatrader platforms, which were previously industry standards. A rising market looking for such alternatives has been Indian and Pakistani traders; while they’re very familiar with the strengths of MT4 and MT5, ...