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, ...
-
With the U.S. Presidential election set for a rematch in November, many investors are wondering how the U.S. stock market might perform in the months that follow. While predicting the future is never easy, using history as a guide can be useful for understanding how markets might react to a Biden or Trump victory. To this end, I have written this blog post ...
-
Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. Annual consumer price inflation is expected to return to within the Committee’s 1 to 3 percent target range by the end of 2024. The welcome decline in inflation in part reflects lower inflation for goods and services imported into New ...
-
On Wednesday (May 22), the Reuters Tankan Index and trade data from Japan put the USD/JPY in focus. The Reuters Tankan Index remained unchanged at a value of 9 in May. Economists forecast a decline to 7. The Index avoided the negative territory, suggesting business sentiment toward the economy remained upbeat. In April, the trade deficit unexpectedly ...
-
post: BoE’s Bailey: Thinks Next Move on Rates Will Be a Cut post: BANK OF ENGLAND'S BAILEY SAYS HE WILL CONSIDER IMF RECOMMENDATION OF MORE MPC PRESS CONFERENCES ALONG WITH BERNANKE SUGGESTIONS
-
There will be a lot of attention on tomorrow’s release of the FOMC Minutes, even though not much happened then. Essentially, the last time around, the Fed simply punted the ...
-
European Central Bank President Christine Lagarde indicated that an interest-rate cut is probable next month with the rapid gain in consumer-price growth now largely contained. ...
-
Make that four soft readings in a row! The key question is whether that’s enough to prompt the BoC to cut as soon as two weeks from now on June 5th or whether patience while ...
-
Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. Annual consumer price inflation is expected to return ...
-
It is a great pleasure to be here at this event, hosted by the LSE’s Financial Markets Group in honour of Charles Goodhart. This evening, I am going to talk about central bank balance sheets and in particular the Bank of England’s balance sheet. An esoteric topic perhaps, but an important one, now more than ever. And it is a topic on which Charles has written extensively. Charles worked at the Bank for nearly two decades, of course, before his distinguished career as a professor here at the London School of Economics. His article “The importance of money”, published in the Bank’s Quarterly Bulletin in 1970 and available on the Bank of England’s website, was a milestone in the study of the predictability of money demand.footnote[1] At the time this was an important issue in debates over monetary control mechanisms and the relative merits of monetary ‘rules’ and policy ‘discretion’, a debate he masterfully summarised in his 1975 book on “Money, Information and Uncertainty”. In this and later work, Charles brought his deep understanding of the nature of financial markets, of banking and of monetary assets to bear, the historical perspective always present. In his 1988 book “On the Evolution of Central Banks” he discussed “how the role and functions of Central Banks have evolved naturally over time, and play a necessary part within the banking system”. Fast forward two more decades – acr post: BoE’s Bailey: We Think the Central Bank Balance Sheet Will Remain Larger Than Before the Financial Crisis Though Not as Large as Today post: BANK OF ENGLAND'S BAILEY: A RANGE OF 345-490 BLN STG IS NOT A BAD STARTING POINT FOR CENTRAL BANK BALANCE SHEET || BANK OF ENGLAND'S BAILEY: REPO PORTFOLIO CAN OFFER A RELIABLE AND FLEXIBLE SOURCE OF RESERVES AS LARGELY ADDITIONAL HIGH-QUALITY LIQUID ASSETS TO THE SYSTEM
-
The Consumer Price Index (CPI) rose 2.7% on a year-over-year basis in April, down from a 2.9% gain in March. Broad-based deceleration in the headline CPI was led by food prices, ...
-
New Zealand Dollar traders eagerly anticipate the Reserve Bank of New Zealand’s Official Cash Rate (OCR), a critical event that can significantly impact the market. Over the past two years, inflation in New Zealand has mirrored global trends. The CPI Y/Y, encompassing all items, has dropped from its 2022 peak of 7.30% and currently rests at 4.00%. Despite ...
-
Sr. Strategist James Stanley shares charts and highlights the themes and scenarios he's watching across macro markets.
-
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 ...