Forex News
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President Yoon Suk Yeol apologized to the public for his wife Kim Keon Hee’s acceptance of a Christian Dior bag from a pastor in 2022, during a press conference to commemorate the second anniversary of his presidency, Thursday. This was the first time he publicly apologized for the issue, as he had previously expressed regret rather than offering a formal ...
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The former translator of Los Angeles Dodgers superstar Shohei Ohtani has agreed to plead guilty to illegally transferring $17 million out of the baseball phenom’s account without his knowledge, authorities said Wednesday. Ippei Mizuhara, 39, will plead guilty to single counts of bank fraud and subscribing to a false tax return, according to federal ...
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Bond markets make the financial world go round, helping to grease the wheels of commerce, allowing economic activity to expand. But when too much debt is issued, it can overwhelm demand, causing borrowing costs to spike which can be detrimental to the economy. This balancing act is attracting plenty of interest right now, especially when it comes to trends ...
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An ugly jobless claims print was the day's early catalyst sending yields significantly lower, stocks, gold, oil, and crypto higher and the dollar down with rate-cut expectations re-ignited... chart A dovish shift supported stocks - which had a "squeezey feel" amid very low liquidity... chart Goldman's trading desk noted that while yesterday was the ...
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UK gross domestic product (GDP) is estimated to have increased by 0.6% in Quarter 1 (Jan to Mar) 2024, following declines of 0.3% in Quarter 4 (Oct to Dec) and 0.1% in Quarter 3 (July to Sept) 2023. Compared with the same quarter a year ago, GDP is estimated to have increased by 0.2% in Quarter 1 2024. In output terms, services grew by 0.7% on the quarter ...
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Monthly real gross domestic product (GDP) is estimated to have grown by 0.4% in March 2024, following growth of 0.2% in February 2024 (revised up from 0.1% growth in our previous publication) and an unrevised growth of 0.3% in January 2024. Real gross domestic product is estimated to have grown by 0.6% in the three months to March 2024, compared with the ...
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There was also a further element of optimism that the Euro-Zone economy is poised for at least a tentative rebound. The Euro to Dollar (EUR/USD) exchange rate recovered from ...
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Royce Mendes, managing director and head of macro strategy at Desjardins, joins to discuss the health of the Canadian consumer as retailers post cautious outlooks. Mendes says ...
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The U.S. remained as China's third largest trade partner in the first four months this year, with the total trade volume between the two countries rising by 1.1 percent ...
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UK gross domestic product (GDP) is estimated to have increased by 0.6% in Quarter 1 (Jan to Mar) 2024, following declines of 0.3% in Quarter 4 (Oct to Dec) and 0.1% in Quarter 3 ...
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In the week ending May 4, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 22,000 from the previous week's revised level. The previous week's ...
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post: CHINA SETS YUAN MIDPOINT AT 7.4011 PER DOLLAR, COMPARED TO LAST CLOSE OF 7.2212PBOC sets USD/ CNY central rate at 7.1011 (vs. estimate at 7.2102) The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. • USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. • CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC. The previous close was 7.2212. PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8%.
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The AUD/USD currency pair on Thursday bounced off the trendline support at about 0.6563 to trade at about 0.6620. The currency pair appears to have completed an upward breakout from a descending channel formation in the 60-minute chart. The pair has now advanced to trade a few levels above the 100-hour moving average line. As a result, the currency pair is ...
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EURUSD is up today on higher-than-forecast US unemployment, but is this the start of the next leg up or a bull trap? Today’s video discusses the key EURUSD levels to watch, and what could trigger the next big move, plus the latest on the US Dollar Index (DXY). The EURUSD bounced from key support today in the 1.0730 region on higher-than-forecast US ...
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Dear valued clients, In order to provide you with better online trading services, we will be launching a brand-new upgrade to our Client Portal and App this coming weekend: The maintenance and upgrade of the Client Portal will take place from 00:00 to 19:00 on May 11, 2024 (GMT+3). During this period, the servers will also be temporarily suspended, and you ...