Forex News
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Archegos Capital Management returned to the spotlight three years after its spectacular collapse with the start of founder Bill Hwang’s trial on fraud, racketeering and market manipulation charges. The trial kicked off Monday in Manhattan federal court with opening statements and continued through Thursday with testimony from several witnesses who ...
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Federal Deposit Insurance Corp. Chairman Martin Gruenberg sat for a second day of grilling Thursday on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week. The hearing was called to address oversight of financial regulators, including the Office of the Comptroller ...
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In our team meetings, we often discuss the shifting sands of the market. Not only is it an interesting topic, but it poses a challenge for asset allocators. We are in the midst of a multi-year outperformance cycle for large-cap growth. The companies that have driven this outperformance have all become household names: Alphabet, Amazon, Apple, Meta, ...
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The high points for economic data in the May 20 week should be the sales numbers for new and existing homes for April. Gauging the health of the housing market may be a bit tricky in reading these reports. Seasonal adjustment factors for this time of year anticipate a busier sales period as potential homebuyers shake off winter and start planning moves ...
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The United Nations reported improved prospects for the world economy since its January forecast on Thursday, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia. According to its mid-2024 report, the world economy is now projected to grow by 2.7 percent this year--up from the 2.4 percent ...
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The gulf between interest rates in the US and Japan stands to keep traders betting against the yen — even after authorities likely intervened in recent weeks to prop up the beleaguered currency. On Friday, the Commodity Futures Trading Commission will report fresh data through Tuesday, revealing whether yen short bets were renewed after the biggest decline ...
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The high points for economic data in the May 20 week should be the sales numbers for new and existing homes for April. Gauging the health of the housing market may be a bit tricky ...
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The United Nations reported improved prospects for the world economy since its January forecast on Thursday, pointing to a better outlook in the United States and several large ...
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On May 14, U.S. Trade Representative Katherine Tai released a review report on the Section 301 tariffs imposed on China and issued a statement indicating that President Joe Biden ...
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US CPI was the big item from this week and the Wednesday release prodded several themes across global markets. US equities broke out to fresh highs on the back of that print, and the US Dollar broke down to fresh monthly lows, eventually finding support around the 200-day moving average which led to a bounce on Thursday. The move in the Dollar contributed ...
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Latest statements from Governor Andrew Bailey reflected the bullish potential of the UK economy, as he claimed that markets have not yet priced in the full impact of the coming rate cuts below the 16-year highs. The optimism of the BOE will be confirmed by the consumer price inflation results on Wednesday if the metrics revealed a 3-month downtrend streak. ...
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Tickmill has enhanced its copy trading services with the latest integration of SoFinX's platform. Announced today (Friday), the new platform will offer tools for experienced traders and investors, claiming to provide users with “a new and improved trading experience.” The press release shared with Finance Magnates detailed that SoFinX's platform features ...