Forex News
- From foxbusiness.com|17 hr ago
A recent move by the Federal Reserve to grant a little-known bank access to its vast lending and credit facilities is sparking questions about possible conflicts of interest and favoritism at the nation’s central bank, FOX Business has learned. Numisma, a small bank based in Greenwich, Connecticut, received conditional approval for a so-called master ...
- From nypost.com|20 hr ago|2 comments
Antonio Brown is broke. The controversial and erratic former NFL receiver filed for federal bankruptcy in Florida on Monday and owes nearly $3 million to eight creditors, according to a Times Union report. The former owner of the Albany Empire Arena Football League team cannot pay at least three six-figure civil judgments. That includes the $1.2 million ...
- From blog.commonwealth.com|16 hr ago
With nearly half the world’s population set to face national elections this year, including here in the U.S., it’s a time of questioning for many. People want to know who their next leader will be, how changing policies may affect them, what the economic implications will be, and what place their country or region will have in the world. Of course, ...
- From federalreserve.gov|12 hr ago
Thank you for the invitation to be here and speak to you today.1 I want to step away from shorter-term questions about the economic outlook and monetary policy to delve into a subject of longer-term significance—r*. While there are many concepts of r*, I interpret it to be the real policy interest rate that is neither stimulating nor restricting economic activity with inflation anchored at the central bank's inflation target. In the short term, policymakers must judge whether a given policy setting is restrictive or otherwise, and while this judgment is made with some idea of r*, a number of factors can influence the economy in the near term so that the current setting of policy usually differs from the value of r*. At the same time, policymakers continually update their view of the appropriate value of r*. Recently, for example, discussions have focused on whether or not r* has risen, which has important implications for the conduct of monetary policy. For the purposes of this discussion, I am going to be talking about the long-run, real value of r*, when inflation and employment have reached the Federal Open Market Committee's (FOMC) goals. Because of that, an estimate of r* points toward where monetary policy is headed over the longer run. This is important for policymakers deciding the best way to get there and also for investors and other members of the public who make decisions in the near term based on their expectations of future economic conditions. Much has been written on this topic, and different methods have been developed to estimate r*. My goal today is not to debate which statistical estimate of r* is best but rather describe what I believe are the economic factors behind the secul post: <=USD>:
*WALLER: ONLY TIME WILL TELL HOW IMPORTANT FISCAL WILL BE FOR R*
*WALLER: FINANCING PRESSURES MAY PUSH R* HIGHER IN COMING YEARS
*WALLER: HELPFUL TO LOOK AT REAL 10Y YIELD FOR MARKET VIEW ON R*
*WALLER: FACTORS THAT LOWERED NEUTRAL RATE MAY REVERSE IN FUTURE
- From forexlive.com|11 hr ago|2 comments
The University of Michigan consumer sentiment final for May is showing: • Consumer sentiment 69.1 vs 67.5 estimate and 67.4 preliminary. Last month 77.2. • Expectations 68.8 versus 66.5 preliminary. Last month 76.0 • Current conditions 69.5 versus 68.8 preliminary. Last month 79.0. • 1-year inflation expectations 3.3% versus 3.5% preliminary • 5 year ...
- From @LiveSquawk|9 hr ago|2 comments
post: Japan Top Currency Diplomat Kanda: Told G7 That Speculative And Excessive FX Moves Were Undesirable, Need Monitoring - Must Respond Appropriately To Excessive, Disorderly Moves In FX post: Japan Top Currency Diplomat Kanda: Declines To Comment On Recent JPY Moves - Japan Is Ready To Take Appropriate Action If There Are Excessive Moves In FX Market
- From marctomarket.com|11 hr ago
The dollar is paring yesterday's advance that was spurred by the rise in US rates following the preliminary PMI, which reached its best level in two years. The survey also picked ...
- From bnnbloomberg.ca|10 hr ago
Canadian consumer spending sharply rebounded last month, according to preliminary data, after weaker-than-expected retail sales in the first quarter. Receipts for retailers jumped ...
- From bnnbloomberg.ca|8 hr ago
A probable pickup in euro-zone inflation this month is unlikely to derail the juggernaut of an imminent interest-rate cut by the European Central Bank. Data next Friday will show ...
- From federalreserve.gov|12 hr ago
Thank you for the invitation to be here and speak to you today.1 I want to step away from shorter-term questions about the economic outlook and monetary policy to delve into a subject of longer-term significance—r*. While there are many concepts of r*, I interpret it to be the real policy interest rate that is neither stimulating nor restricting economic activity with inflation anchored at the central bank's inflation target. In the short term, policymakers must judge whether a given policy setting is restrictive or otherwise, and while this judgment is made with some idea of r*, a number of factors can influence the economy in the near term so that the current setting of policy usually differs from the value of r*. At the same time, policymakers continually update their view of the appropriate value of r*. Recently, for example, discussions have focused on whether or not r* has risen, which has important implications for the conduct of monetary policy. For the purposes of this discussion, I am going to be talking about the long-run, real value of r*, when inflation and employment have reached the Federal Open Market Committee's (FOMC) goals. Because of that, an estimate of r* points toward where monetary policy is headed over the longer run. This is important for policymakers deciding the best way to get there and also for investors and other members of the public who make decisions in the near term based on their expectations of future economic conditions. Much has been written on this topic, and different methods have been developed to estimate r*. My goal today is not to debate which statistical estimate of r* is best but rather describe what I believe are the economic factors behind the secul post: <=USD>:
*WALLER: ONLY TIME WILL TELL HOW IMPORTANT FISCAL WILL BE FOR R*
*WALLER: FINANCING PRESSURES MAY PUSH R* HIGHER IN COMING YEARS
*WALLER: HELPFUL TO LOOK AT REAL 10Y YIELD FOR MARKET VIEW ON R*
*WALLER: FACTORS THAT LOWERED NEUTRAL RATE MAY REVERSE IN FUTURE
- From forexlive.com|11 hr ago|2 comments
The University of Michigan consumer sentiment final for May is showing: • Consumer sentiment 69.1 vs 67.5 estimate and 67.4 preliminary. Last month 77.2. • Expectations 68.8 ...
- From forexlive.com|12 hr ago|9 comments
US durable goods orders for April • Prior month +0.9% • Durable goods orders for April 0.7% versus -0.8% expected. Prior month 0.8% • Ex-transport +0.4% versus 0.1% expected. Last ...
- From xm.com|14 hr ago
Despite the exciting bull run to a four-month high of 0.6712 last week, AUDUSD could not sustain its gains above the 0.6640 threshold, diving back into its previous range area. Having closed below the support trendline from April’s lows and eased slightly beneath the ascending line from October 2023 and the 20-day exponential moving average (EMA), the pair ...
- From puprime.com|19 hr ago
The New Zealand Kiwi declined against the dollar after the rise in the US Purchasing Manager Index (PMI) figures reignited concerns that persistent inflation in the services sector could keep price growth elevated for much longer than investors hoping for rate cuts had initially anticipated. Expectations for rate cuts diminished throughout the day, causing ...
- From icmarkets.com|37 hr ago|1 comment
IC Markets Global, one of the world’s largest Forex CFD providers, has partnered with TipRanks, a premier provider of investment research tools. This partnership is aimed at enhancing investment and trading research capabilities for IC Markets Global clients, providing them access to TipRank’s sophisticated tools. Aligned with IC Markets Global 16-year ...