Forex News
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Romania’s Mugur Isarescu, the world’s longest-serving central bank governor, is poised to be confirmed for a new five-year term as lawmakers seek a vote on the extension by the end of June. Isarescu took over the leadership of the National Bank of Romania in 1990, less than a year after the collapse of Nicolae Ceausescu’s communist regime, and has served ...
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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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It’s well known that currencies are closely linked to interest rates movements. The reason of this relationship is pretty simple: higher interest rates tend to attract foreign investment, increasing the demand and value of the currency. On the other hand, lower interest rates tend to be less attractive for foreign investment and decrease the currency's ...
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Prop trading firm The Funded Trader has announced a series of measures to address recent operational challenges and resume its services. The company detailed these plans in a series of tweets on X, outlining changes and updates “aimed at stabilizing and improving operations.” Prop firm The Funded Trader to clear withdrawals ahead of relaunch The Funded ...
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The dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that markets are looking to for guidance on the global interest rate outlook. Currency moves were largely subdued in early Asia hours after a quiet overnight session due to holidays in ...
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French President Emmanuel Macron said the European Union must stop being naive in the face of growing competition from the US and China, and repeated calls for a “buy European” strategy in key sectors such as defense. He also called for a doubling of EU public financing, adding that the current generation faces an unprecedented “wall of investment” to pay ...
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The Ifo index, Germany’s most prominent leading indicator, just illustrated that the cyclical bottoming out will not automatically be followed by a strong recovery. After three ...
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Japan's government upgraded its assessment of factory output for the first time in a year, saying in its monthly economic report that it showed signs of picking up and signalling ...
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The dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that ...
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The Services Producer Price Index (All items) rose 2.8 percent from the previous year. The Services Producer Price Index (All items <excluding International transportation>) rose ...
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The April 2024 seasonally adjusted estimate: Rose 0.1% month-on-month. Rose 1.3% compared with April 2023. Turnover at current prices: table Total retail turnover: Monthly ...
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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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The Canadian Dollar (CAD) was mixed on Monday, climbing against the US Dollar (USD) thanks to a quiet US market session. US markets are dark for the Memorial Day holiday, leaving CAD traders to twist in the breeze and await meaningful data prints. Canada has little of note on the economic calendar early this week, and the release schedule is littered with ...
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Since our last analysis, the EUR/CHF cross pair has staged a minor corrective slide and almost hit the support zone of 0.9540/9470 as highlighted. It printed an intraday low of 0.9565 on 19 April, staged a bullish reversal, and rallied by 3.8% (365 pips) in the next four weeks to hit the current 52-week high of 0.9930 seen today at this time of the writing. ...
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Prop trading firm The Funded Trader has announced a series of measures to address recent operational challenges and resume its services. The company detailed these plans in a series of tweets on X, outlining changes and updates “aimed at stabilizing and improving operations.” Prop firm The Funded Trader to clear withdrawals ahead of relaunch The Funded ...