Forex News
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Goldman Sachs said on Tuesday it had appointed Robert Kaplan, the former president of the Federal Reserve Bank of Dallas, as its vice chairman, adding an influential former policymaker and Goldman alumni to its management committee. Kaplan will give strategic advice to the Wall Street giant's clients globally, working closely with its teams across global ...
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The California Highway Patrol found 15 lbs of cocaine with a street value of $700,000 during a traffic stop in Merced Country on April 27, the CHP reported. Around 3:15 p.m., a 2010 Subaru driving on I-5 around 30 miles west of Merced was pulled over for a traffic violation. During the stop, the officer became suspicious and conducted a search using a K-9 ...
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When it comes to Contracts for Difference (CFDs), one of the most common questions among traders is how long do you hold a CFD? Unlike some financial instruments, CFDs do not have a fixed expiry date and therefore traders can use different trading strategies at their will. Nevertheless, the period that you keep a derivative will affect both your trading ...
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Bank of Japan Governor Ueda: • Don't see yen moves as having a big impact on trend inflation so far but there is risk impact could become more significant in the future. • Don't see yen moves as having a big impact on trend inflation so far but there is risk impact could become significant in the future. • BOJ won't necessarily wait until inflation achieves ...
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post: FED'S KASHKARI: TOO SOON TO DECLARE WE ARE STALLED OUT ON INFLATION. post: FED'S KASHKARI: IF WE NEED TO HOLD RATES FOR AN EXTENDED PERIOD, OR RAISE RATES, WE WILL DO THAT. post: FED'S KASHKARI: INFLATION WHERE IT IS NOW IS NOT THE NEW NORMAL; THE FED WILL ACHIEVE 2% INFLATION post: KASHKARI: RATE CUT THIS YEAR IS STILL A POSSIBILITY
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post: JAPAN FINMIN SUZUKI: WILL TAKE THOROUGH RESPONSE FOR FOREX #News #Markets #JAPAN #live post: SUZUKI EMPHASIZES STABLE FX MOVEMENTS REFLECTING FUNDAMENTALS
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Currency markets have started pricing in elevated foreign exchange volatility around the US vote on Nov. 5, even with election day almost six months away. That concern is ...
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Japan may have to take action against any disorderly, speculative-driven foreign exchange moves, the government's top currency diplomat Masato Kanda said on Tuesday, reinforcing ...
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The dollar has been on the retreat since last Wednesday’s Fed meeting, without much in the way of data this week to give it fundamental support. Realistically, the turn to the ...
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post: FED'S KASHKARI: TOO SOON TO DECLARE WE ARE STALLED OUT ON INFLATION. post: FED'S KASHKARI: IF WE NEED TO HOLD RATES FOR AN EXTENDED PERIOD, OR RAISE RATES, WE WILL DO THAT. post: FED'S KASHKARI: INFLATION WHERE IT IS NOW IS NOT THE NEW NORMAL; THE FED WILL ACHIEVE 2% INFLATION post: KASHKARI: RATE CUT THIS YEAR IS STILL A POSSIBILITY
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Over the past few years, I have published a series of essays assessing where we are in our inflation fight and highlighting some important questions policymakers are facing. My most recent essay was in February of this year, where I questioned how much monetary policy was actually restraining demand. This essay is an update to that commentary, and I now examine the current stance of monetary policy in more detail.1 I will argue that the Federal Open Market Committee (FOMC) has tightened policy significantly, compared with prior cycles, both in absolute terms and relative to the market’s understanding of neutral. But I will also observe that the housing market is proving more resilient to that tight policy than it generally has in the past. Given that housing is a key channel through which monetary policy affects the economy, its resilience raises questions about whether policymakers and the market are misperceiving neutral, at least in the near term. It is possible that once the reopening dynamics of the post-COVID economy have concluded, the macro forces that drove the low-rate environment that existed before the pandemic will reemerge, pulling neutral back down. But the FOMC must set policy based on where neutral is in the short run to achieve our dual mandate goals in a reasonable period of time. The uncertainty about where neutral is today creates a challenge for policymakers. post: FED'S KASHKARI: HOUSING MARKET IS PROVING MORE RESILIENT TO TIGHT MONETARY POLICY THAN IT HAS BEEN IN THE PAST post: FED'S KASHKARI: IT IS POSSIBLE THAT HOUSING MARKET RESILIENCE MEANS THE NEUTRAL RATE HAS BEEN PUSHED HIGHER, AT LEAST IN THE SHORT TERM. post: FED'S KASHKARI: I QUESTION POLICY RESTRICTIVENESS, GIVEN THE INFLATION DATA. post: KASHKARI: FED MUST SET POLICY BASED ON SHORT-RUN NEUTRAL RATE
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The numbers: Total consumer credit rose at a slower pace in March, the Federal Reserve reported Tuesday. Consumer credit rose at a 1.5% annual rate, down from a 3.6% rate in the ...
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USDCAD has been relatively choppy in 2024, but my target that I set on January 3rd remains 1.3870, and today’s video explains why. I also shed some light on what’s happening with the US Dollar Index (DXY), and why the bottom may be in. USDCAD has consolidated over the last couple of weeks following a breakout that began on April 10th. This isn’t surprising ...
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After a whirlwind, (presumed) double-intervention week last week, the volatility in the Japanese yen was always going to decline this week as traders – and politicians! – digested the Bank of Japan’s dramatic moves. The biggest headline came from US Treasury Secretary (and former Federal Reserve Chairmwoman) Janet Yellen, who cryptically opined that the US ...
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Retail FX and CFDs broker Capital.com has announced that total client trading volumes reached more than $1.2 trillion in 2023, or just north of $100 billion monthly. The company said that this is a rise of 53% from a year earlier, and marks the first time client trading volumes have breached the $1trn mark annually since the company’s inception in 2016. We ...