Forex News
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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 ...
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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 ...
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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, ...
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The Federal Reserve’s first-line inflation gauge is about to show some modest relief from stubborn price pressures, corroborating central bankers’ prudence about the timing of interest-rate cuts. Economists expect the personal consumption expenditures price index minus food and energy — due on Friday — to rise 0.2% in April. That would mark the smallest ...
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Just seven days after the Florida-based SurgeTrader announced that Match-Trade Technologies had terminated its license, the prop trading firm has decided to cease operations. It appears that SurgeTrader was cut off from alternative platforms that could have allowed it to continue serving retail traders. SurgeTrader announced that it has definitively ended ...
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We, the G7 Finance Ministers and Central Bank Governors, met on 23-25 May 2024 in Stresa, Italy. We were honoured to be joined by the Ukrainian Finance Minister Sergii Marchenko. The Heads of the International Monetary Fund (IMF), World Bank Group (WBG), Organisation for Economic Cooperation and Development (OECD) and Financial Stability Board (FSB) also ...
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Investors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will be cutting interest rates. A batch of ...
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This week on Macro Sunday the team touches upon the Ethereum & Bitcoin ETF, freight rates, copper tourism & much more.
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Finance leaders of the Group of Seven (G7) advanced nations on Saturday reaffirmed their commitment to warn against excessively volatile currency moves, language Japan sees as a ...
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The EUR/USD managed to bounce back on Friday, following its losses in the day before. The single currency has been declining inside what could be either a short-term bear channel or a potential bull flag. It looks like we could find out which one it is in the week ahead, as we have some key inflation data coming from the both the US and Eurozone to look ...
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If you rewound the clock by a month, you’d undoubtedly be reading constantly about the risk of Japan’s Ministry of Finance (MOF) and the Bank of Japan (BOJ) intervening into the forex market to support the value of the yen (suppress XXX/JPY pairs). As we all know by now, that direct intervention did indeed occur, once at the end of April when the yen ...
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Just seven days after the Florida-based SurgeTrader announced that Match-Trade Technologies had terminated its license, the prop trading firm has decided to cease operations. It appears that SurgeTrader was cut off from alternative platforms that could have allowed it to continue serving retail traders. SurgeTrader announced that it has definitively ended ...