Forex News
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Romania’s Mugur Isarescu, the world’s longest-serving central bank governor, is poised to be confirmed for a new five-year term as lawmakers seek a vote on the extension by the end of June. Isarescu took over the leadership of the National Bank of Romania in 1990, less than a year after the collapse of Nicolae Ceausescu’s communist regime, and has served ...
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Daniel Farook Ali, former director of DanFX Trade Pty Ltd, has been sentenced in the Brisbane District Court to seven years and three months imprisonment for fraud, following an ASIC investigation. On 23 May 2024, Mr Ali pleaded guilty to five counts of fraud totalling $771,303 relating to his misappropriation of funds invested for trading and investment ...
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It’s well known that currencies are closely linked to interest rates movements. The reason of this relationship is pretty simple: higher interest rates tend to attract foreign investment, increasing the demand and value of the currency. On the other hand, lower interest rates tend to be less attractive for foreign investment and decrease the currency's ...
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post: #NorthKorea has fired a missile per #Japan . The emergency J-alert system has been activated. pic.twitter.com/XggMo8tIYU post: [Emergency alert lifted] The suspected ballistic missile from North Korea is not expected to reach Japan.
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Two key European Central Bank figures on Monday threw their weight behind the prospect of an interest rate cut next week, indicating that it is practically a done deal. In a speech on Monday, Olli Rehn, ECB governing council member and head of Finland’s central bank, stressed that inflation in the euro area was falling in a “sustained way.” Inflation in the ...
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GBP/USD closed last week at around $1.2735. The US Dollar (USD) edged higher on Monday following an influx of commentary from multiple Federal Reserve policymakers. Rate-setters struck a mostly hawkish consensus, indicating that they were not in a hurry to begin cutting interest rates. On Tuesday, thin trading conditions saw the ‘greenback’ move without a ...
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Two key European Central Bank figures on Monday threw their weight behind the prospect of an interest rate cut next week, indicating that it is practically a done deal. In a ...
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GBP/USD closed last week at around $1.2735. The US Dollar (USD) edged higher on Monday following an influx of commentary from multiple Federal Reserve policymakers. Rate-setters ...
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A scarcity of low-risk assets in China's financial sector is obstructing the central bank's plans to make its monetary policy toolkit more efficient with a return to the treasury ...
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post: #NorthKorea has fired a missile per #Japan . The emergency J-alert system has been activated. pic.twitter.com/XggMo8tIYU post: [Emergency alert lifted] The suspected ballistic missile from North Korea is not expected to reach Japan.
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The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist ...
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The Services Producer Price Index (All items) rose 2.8 percent from the previous year. The Services Producer Price Index (All items <excluding International transportation>) rose ...
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The Canadian Dollar (CAD) was mixed on Monday, climbing against the US Dollar (USD) thanks to a quiet US market session. US markets are dark for the Memorial Day holiday, leaving CAD traders to twist in the breeze and await meaningful data prints. Canada has little of note on the economic calendar early this week, and the release schedule is littered with ...
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Since our last analysis, the EUR/CHF cross pair has staged a minor corrective slide and almost hit the support zone of 0.9540/9470 as highlighted. It printed an intraday low of 0.9565 on 19 April, staged a bullish reversal, and rallied by 3.8% (365 pips) in the next four weeks to hit the current 52-week high of 0.9930 seen today at this time of the writing. ...
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Prop trading firm The Funded Trader has announced a series of measures to address recent operational challenges and resume its services. The company detailed these plans in a series of tweets on X, outlining changes and updates “aimed at stabilizing and improving operations.” Prop firm The Funded Trader to clear withdrawals ahead of relaunch The Funded ...