Forex News
-
The Australian and New Zealand governments announced Tuesday they were sending planes to evacuate their nationals from violence-wracked New Caledonia. Australian Foreign Minister Penny Wong confirmed Australia had received clearance from French authorities for two flights to evacuate citizens and other tourists from New Caledonia amid violent unrest that ...
-
In the first - but certainly not last - major shake up at a key US financial regulator under the Biden admin, Federal Deposit Insurance Corp. Chairman Martin Gruenberg bowed to pressure to resign from the bank regulator after an external investigation found widespread sexual harassment at the agency and lawmakers of both parties berated his leadership, ...
-
Traders and investors use Bollinger bands to assess the expected price action in the financial markets. Bollinger Bands are a viral technical trading tool plotted at a standard deviation above and below a simple moving average of the price. It is considered the most reliable and useful trading tool since it has the best predictability in determining if the ...
-
post: Bostic: Expecting Inflation to Decline but “Relatively Slowly,” Would Not Expect a Rate Cut Before the Fourth Quarter Bostic: Fed’s Highest Priority is to Get Inflation Back to 2% post: Bostic: “I Am Not in a Hurry” to Cut Rates; Want to Make Sure That Policy Easing is “Unambiguous” Bostic: Would Rather Wait Longer for a Rate Cut to Be Sure Inflation Does Not Start to Bounce Around post: BOSTIC: CAUTION NEEDED ON FIRST CUT, STILL BACKS ONE IN Q4
-
Thank you, Adam, and thank you for the opportunity to speak to you today.1 The Peterson Institute is renowned for its valuable contributions to research and its influence on economic policy. There really is no better place for a central banker to come and talk about the outlook for the U.S. economy and the implications for monetary policy. It truly is a pleasure to be here. Peterson was also the host for my first speech as a governor back in early 2021, which unfortunately, was virtual.2 So, after an eventful three years, it's nice to be back and in person. After a run of great data in the latter half of 2023, it seemed that significant progress on inflation would continue and that rate cuts were not far off. However, the first three months of 2024 threw cold water on that outlook, as data on both inflation and economic activity came in much hotter than anticipated. Initially it seemed like the bad data might be simply a "bump" in the road, but as the data continued to point in the wrong direction, the narrative quickly turned towards concerns that the economy was not cooling as needed to keep inflation moving down toward the Federal Open Market Committee's (FOMC) 2 percent goal. Progress on inflation appeared to have stalled and there were fears that it might even be accelerating. Suddenly, the public debate became whether monetary policy was restrictive enough and if rate hikes should be back on the table. But more recent data on the economy indicate that restrictive monetary policy is helping to cool off aggregate demand and the inflation data for April suggests that progress toward 2 percent has likely resumed. Central bankers should never say never, but the data suggests that inflation isn't accelerating, and I believe that further increases in the policy rate are probably unnecessary. Now let me turn to the data we have post: Fed’s Waller: Credit Card and Auto Loan Delinquency Rates Suggests Some Consumers Under Stress Fed’s Waller: Will Be Closely Watching How Private Domestic Final Purchases Fares Into Second Quarter Waller: Economy Seems to Be Evolving Closer to What the Fed Expected post: Fed’s Waller Says He Needs to See Several More Months of Good Inflation Data Before Being Comfortable to Support an Easing in Policy Fed’s Waller: April Inflation Data Suggests Progress Toward 2% Target Has Likely Resumed, but Progress Was Modest post: WALLER: INFLATION 'NOT ACCELERATING,' RATE HIKE ISN'T NECESSARY
-
Members began their discussion of international economic conditions by noting that the risks to global growth had become more balanced over prior weeks. While national accounts measures of growth in most advanced economies had remained weak, some forward-looking indicators had been more positive. The United States was the exception, where growth had been ...
-
The ICC prosecutor’s application for arrest warrants against Israeli leaders is outrageous. And let me be clear: whatever this prosecutor might imply, there is no equivalence — ...
-
U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate below the Bank of England’s 2% ...
-
Markets greeted the new week on Monday with a shrug after cruising to record highs last week. Worries over the future path of inflation and interest rates may take a back seat to ...
-
The first estimates of euro area balance showed a €24.1 bn surplus in trade in goods with the rest of the world in March 2024, compared with +€19.1 bn in March 2023. The euro area ...
-
post: Japan's FinMin Suzuki: At This Point Concerned About Negative Aspects Of Weak Yen - Closely Watching FX Moves - Excessive Forex Volatility Undesirable - Will Deal Appropriately As Needed On Forex
-
The National Development and Reform Commission of the People's Republic of China (NDRC) is China's 'State Planner'. • 50 fixed-asset investment projects worth 320bn yuan approved ...
-
USDCAD has been tip-toeing higher since its downward pattern that started after April’s peak stalled near the 1.3588 level last week. Traders remain skeptical near the 1.3630 barrier and the 50-day SMA, as reflected by the soft price momentum. Interestingly, the 61.8% Fibonacci retracement of the November-December 2023 downleg is in the neighborhood too. ...
-
The US dollar index crept higher alongside US yields on Monday ahead of Wednesday’s FOMC minutes, which saw AUD/USD form a bearish outside day after another false break of 67c NZD/USD also formed a bearish outside day, USD/JPY and USD/CHF rose for a third day – although the moves appear to be more on the general flow of markets as opposed to being driven by ...
-
MyFlashFunding has confirmed that a large number of its traders have been faced with delayed payouts from the retail prop trading firm. We had reported a few weeks ago that MyFlashFunding was removed from prop trading comparison site Propfirmmatch.com, with Propfirmmatch reporting that many clients had been informing of denied payouts and adjusted client ...