Forex News
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Nvidia’s market value crossed $3 trillion for the first time Wednesday, propelling the chipmaker above Apple to become the second-most valuable company in the world. The chipmaker, whose processors are central to powering the current artificial intelligence (AI) craze, saw its shares climb 5.16 percent Wednesday ahead of Friday’s stock split. Microsoft ...
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Banknotes featuring a portrait of King Charles III entered circulation on Wednesday for the first time, the Bank of England said in a statement. Charles will be pictured on the front of the Ł5, Ł10, Ł20, and Ł50 banknotes, and will be seen through the notes’ see-through security window. Otherwise the notes will remain unchanged in their design. As well as ...
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GDP, or gross domestic product, is all over financial news. It’s a measure of the value of all the goods and services in a country, but what does it actually mean? Well, it works as an indicator for how well or poorly a nation’s overall economy is faring. Do policies need adjusting? Are people gainfully employed? Watch to learn how GDP works and why it ...
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post: BoJ's Nakamura: Japan's economy at critical juncture https://t.co/IwKcPts4Zm post: BoJ Gov Ueda: Price Expectations Must Be Around 2% For Price Target - Inflation Expectations Still Below 2% - Want To Proceed Cautiously On Interest Rates post: BOJ GOVERNOR UEDA: UNCERTAINTIES SURROUND MEASURING NEUTRAL RATE post: BOJ GOVERNOR UEDA: TO AVOID SUCH A SCENARIO, BOJ WOULD NEED TO ADJUST DEGREE OF MONETARY EASING WHICH WOULD REQUIRE RAISING SHORT-TERM POLICY TARGET post: BOJ GOVERNOR UEDA: REDUCE BOND BUYING DURING EXIT
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The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady. Since the Governing Council meeting in September 2023, inflation has fallen by more than 2.5 percentage points and the inflation outlook has improved markedly. Underlying inflation has also eased, reinforcing the signs that price pressures have weakened, and inflation expectations have declined at all horizons. Monetary policy has kept financing conditions restrictive. By dampening demand and keeping inflation expectations well anchored, this has made a major contribution to bringing inflation back down. post: ECB Not Pre-Committing To Any Particular Rate Path - Inflation Likely To Stay Above Target Well Into Next Year - Raises Inflation Forecasts For 2024, 2025European Central Bank cuts main interest rate by 0.25 points The European Central Bank has eased the pressure on borrowers across the eurozone after cutting its main interest rate for the first time in almost five years. The ECB reduced its deposit rate to 3.75% from a record high of 4%, putting it ahead of the US Federal Reserve and the Bank of England, which have yet to cut interest rates. Financial markets eagerly anticipated the first eurozone cut since September 2019, which will also affect the ECB’s main refinancing operations rate, which fell from 4.5% to 4.25%. City analysts had forecast the cut in borrowing costs at the ECB’s June meeting after signals that that the central bank was ready to offer more support to eurozone economies after a period of economic stagnation following the Russian invasion of Ukraine.
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The European Central Bank is expected to start cutting interest rates from record highs Thursday, its first reduction in nearly five years, but volatile inflation means the path ahead is uncertain. After an unprecedented streak of eurozone rate hikes beginning in mid-2022 to tame runaway energy and food costs, inflation has been slowly coming down towards ...
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What impact will the ECB rate meeting have on the Euro? Bob Iaccino explains.
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The European Central Bank is expected to start cutting interest rates from record highs Thursday, its first reduction in nearly five years, but volatile inflation means the path ...
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video President Vladimir Putin warned Wednesday that Russia could provide long-range weapons to others to strike Western targets in response to NATO allies allowing Ukraine to ...
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post: BoJ's Nakamura: Japan's economy at critical juncture https://t.co/IwKcPts4Zm post: BoJ Gov Ueda: Price Expectations Must Be Around 2% For Price Target - Inflation Expectations Still Below 2% - Want To Proceed Cautiously On Interest Rates post: BOJ GOVERNOR UEDA: UNCERTAINTIES SURROUND MEASURING NEUTRAL RATE post: BOJ GOVERNOR UEDA: TO AVOID SUCH A SCENARIO, BOJ WOULD NEED TO ADJUST DEGREE OF MONETARY EASING WHICH WOULD REQUIRE RAISING SHORT-TERM POLICY TARGET post: BOJ GOVERNOR UEDA: REDUCE BOND BUYING DURING EXIT
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Bank of Japan policy board member Nakamura: • Japan's economy recovering moderately albeit some weak signs. • My view is that inflation may not reach 2% from fiscal 2025 onward if consumption weakens. • Will focus on whether inflation-adjusted consumption turns positive, in deciding future monetary policy. • Based on current data, it is appropriate to keep policy intact for time being. • Pass-through of wages to inflation remains weak but closely monitoring situation. post: BOJ'S NAKAMURA CLOSELY WATCHING REAL WAGES post: BOJ'S NAKAMURA CLOSELY MONITORING CONSUMER EXPENDITURE. post: BOJ'S NAKAMURA WARNS JAPAN'S ECONOMY AT CRITICAL JUNCTURE post: NAKAMURA SUGGESTS MAINTAINING CURRENT POLICY FOR THE TIME BEING.
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Economic activity in the services sector grew in May after contracting in April for the first time since December 2022, say the nation's purchasing and supply executives in the ...
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EURGBP is trading higher today, a tad above its lowest level since August 2022, and in an extremely important support area that has repeatedly acted as a floor and put a stop in the bears’ momentum. The market is preparing for the much-awaited ECB meeting that could deliver the first rate from a major central bank later today. The euro has been under severe ...
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The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of the correction and bullish channel. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the ...
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FP Markets continues to solidify its position as a leading force in the Forex and CFDs industry, having recently been awarded 'Best Trading Experience – Africa' at this year's Financial Achievements in Markets Excellency (FAME) Awards. This follows their 'Best CFD Broker in Africa' recognition at the 2023 FAME Awards, cementing the broker's strategic ...