Forex News
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Daniel Farook Ali, former director of DanFX Trade Pty Ltd, has been sentenced in the Brisbane District Court to seven years and three months imprisonment for fraud, following an ASIC investigation. On 23 May 2024, Mr Ali pleaded guilty to five counts of fraud totalling $771,303 relating to his misappropriation of funds invested for trading and investment ...
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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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Since 1980, there have been 383 extreme weather or climate disasters where the damages reached at least $1 billion. In total, these disasters have cost more than $2.7 trillion. Created in partnership with the National Public Utilities Council, this chart shows how these disasters have been increasing with each passing decade. A Growing Concern: The U.S. ...
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It is our great pleasure to welcome distinguished speakers and guests to our 29th BOJ-IMES Conference. We would like to thank you all for your participation. I would also like to thank my old friend, John Taylor, who was the very first Mayekawa Lecturer in 2008, for coming back to our conference to deliver his second Mayekawa Lecture later. While we hold our research conference almost every year, this year's conference is unique in that it is held as part of our "Broad Perspective Review" of monetary policy. The review aims to further deepen our understanding of various unconventional monetary policy measures over the past 25 years and to gain insights that will be useful for future policy conduct. This conference will cover two main themes: "Price dynamics" and "Effects of conventional and unconventional monetary policy instruments." We very much look forward to lively discussions with you today and tomorrow to gain further insight into these themes. To set the stage, let me start my remarks with the recent changes in our monetary policy framework, followed by my reflection on the past 25 years condensed into 20 minutes. post: BOJ GOVERNOR UEDA: RE-ANCHORING INFLATION EXPECTATIONS NECESSARY post: BOJ GOVERNOR UEDA: CHALLENGE IS TO DETERMINE NEUTRAL INTEREST RATE
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The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist Philip Lane. “The best way to frame the debate this year is that we still need to be restrictive all year long,” Lane told the Financial Times in an interview published Monday. ...
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The Bank of Japan (BOJ) will proceed cautiously with inflation-targeting frameworks, Governor Kazuo Ueda said on Monday, noting that some challenges are “uniquely difficult” for Japan after years of ultra-easy monetary policy. In an opening speech to a BOJ-hosted conference in Tokyo on central banking, Ueda said Japan has “made progress in moving away from ...
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The entire world economy is at risk from a glut of cheap Chinese exports, France’s Finance Minister Bruno Le Maire said in tandem with a barrage of joint criticism from the Group ...
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The meaning of the word "inflation" has changed. It used to mean rising prices; now it means high prices. Why it matters: Pedants, economists, and style-guide editors might not ...
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The Bank of Japan (BOJ) will proceed cautiously with inflation-targeting frameworks, Governor Kazuo Ueda said on Monday, noting that some challenges are “uniquely difficult” for ...
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It is our great pleasure to welcome distinguished speakers and guests to our 29th BOJ-IMES Conference. We would like to thank you all for your participation. I would also like to thank my old friend, John Taylor, who was the very first Mayekawa Lecturer in 2008, for coming back to our conference to deliver his second Mayekawa Lecture later. While we hold our research conference almost every year, this year's conference is unique in that it is held as part of our "Broad Perspective Review" of monetary policy. The review aims to further deepen our understanding of various unconventional monetary policy measures over the past 25 years and to gain insights that will be useful for future policy conduct. This conference will cover two main themes: "Price dynamics" and "Effects of conventional and unconventional monetary policy instruments." We very much look forward to lively discussions with you today and tomorrow to gain further insight into these themes. To set the stage, let me start my remarks with the recent changes in our monetary policy framework, followed by my reflection on the past 25 years condensed into 20 minutes. post: BOJ GOVERNOR UEDA: RE-ANCHORING INFLATION EXPECTATIONS NECESSARY post: BOJ GOVERNOR UEDA: CHALLENGE IS TO DETERMINE NEUTRAL INTEREST RATE
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The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist ...
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It is my great pleasure to welcome all of you to this conference. As Governor Ueda mentioned in his opening remarks, the Bank of Japan is conducting the “Broad Perspective Review” of our monetary policy over the past 25 years. In short, it has been a battle against persistent deflation and a battle with the zero lower bound. Let me start by giving an overview of the inflation picture during this period. Please look at Chart 1. Japan’s deflation started in the late 1990s and continued for 15 years. The average inflation rate was just minus 0.3%. It was a mild but persistent deflation. To tackle this situation, the Bank introduced the 2% price stability target and Quantitative and Qualitative Monetary Easing, or QQE, in 2013, and a negative interest rate policy and Yield Curve Control, or YCC, in 2016. As a result, we succeeded in achieving a situation without deflation, but the average inflation rate was 0.5%, which fell short of our 2% goal. Recently, inflation rate has risen to around 3%, following the gl post: BOJ DEPUTY GOVERNOR UCHIDA: DEFLATIONARY BATTLE NEAR CONCLUSION post: BOJ DEPUTY GOVERNOR UCHIDA: BANK OF JAPAN OVERCOMES ZERO LOWER BOUND post: UCHIDA: CHALLENGE REMAINS TO ANCHOR 2% INFLATION post: BOJ'S UCHIDA: HIGHER MENU COSTS, TOGETHER WITH MILD INFLATION, HAVE SLOWED THE PACE OF PRICE ADJUSTMENT
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EURUSD had been in a steady advance following its 2024 bottom of 1.0600 on April 16. However, the pair reversed lower after its rejection at a fresh two-month high of 1.0894 in mid-May, with the price finding strong support just above its long-term downward sloping trendline. Should the latest uptick gain momentum, the price might revisit the recent ...
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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 ...