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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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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post: #NorthKorea has fired a missile per #Japan . The emergency J-alert system has been activated. pic.twitter.com/XggMo8tIYU post: [Emergency alert lifted] The suspected ballistic missile from North Korea is not expected to reach Japan.
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Two key European Central Bank figures on Monday threw their weight behind the prospect of an interest rate cut next week, indicating that it is practically a done deal. In a speech on Monday, Olli Rehn, ECB governing council member and head of Finland’s central bank, stressed that inflation in the euro area was falling in a “sustained way.” Inflation in the ...
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The aim of this speech is to examine inflation in the euro area. In the next section, I review the various inflation indicators tracked by the ECB. Subsequently, I discuss the implications for monetary policy. Chart 1 shows the evolution of headline and core inflation since 2019. Let me focus on the disinflation patterns since August 2023 (the month immediately prior to our last rate hike at our September monetary policy meeting). Inflation declined from 5.2 per cent last August to 2.4 percent in April, while core inflation decreased from 5.3 per cent in August to 2.7 per cent in April. Chart 2 shows the relative contributions of the major categories: energy; food; goods; and services. Services inflation now accounts for the vast bulk of the overall inflation rate. In turn, this reflects the non-uniform dynamics: while the other categories have seen major declines, with the April data indicating energy inflation running at -0.6 per cent, food inflation at 2.8 per cent and goods inflation at 0.9 per cent, services inflation was still elevated at 3.7 per cent. post: ECB'S LANE: JUNE RATE CUT APPROPRIATE IF INFLATION OULOOK HOLDS post: ECB’s Lane: Inflation Expected To 'Bounce Around The Current Level' Over The Coming Months post: ECB’S LANE: THE OVERALL MESSAGE ON WAGES IS BUMPY. THERE IS SOME DECELERATION, BUT IT IS FAIRLY SLOW.
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Two key European Central Bank figures on Monday threw their weight behind the prospect of an interest rate cut next week, indicating that it is practically a done deal. In a ...
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China hit back at the Group of Seven nations over their criticism of Beijing’s global trade practices, accusing members of exaggerating the threat of overcapacity posed by the ...
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Relative large flows went through some of the major IMM currency pairs during a week that saw the broad-based Bloomberg Dollar index decline by 0.4%. Overall, the changes left the ...
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The aim of this speech is to examine inflation in the euro area. In the next section, I review the various inflation indicators tracked by the ECB. Subsequently, I discuss the implications for monetary policy. Chart 1 shows the evolution of headline and core inflation since 2019. Let me focus on the disinflation patterns since August 2023 (the month immediately prior to our last rate hike at our September monetary policy meeting). Inflation declined from 5.2 per cent last August to 2.4 percent in April, while core inflation decreased from 5.3 per cent in August to 2.7 per cent in April. Chart 2 shows the relative contributions of the major categories: energy; food; goods; and services. Services inflation now accounts for the vast bulk of the overall inflation rate. In turn, this reflects the non-uniform dynamics: while the other categories have seen major declines, with the April data indicating energy inflation running at -0.6 per cent, food inflation at 2.8 per cent and goods inflation at 0.9 per cent, services inflation was still elevated at 3.7 per cent. post: ECB'S LANE: JUNE RATE CUT APPROPRIATE IF INFLATION OULOOK HOLDS post: ECB’s Lane: Inflation Expected To 'Bounce Around The Current Level' Over The Coming Months post: ECB’S LANE: THE OVERALL MESSAGE ON WAGES IS BUMPY. THERE IS SOME DECELERATION, BUT IT IS FAIRLY SLOW.
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post: #NorthKorea has fired a missile per #Japan . The emergency J-alert system has been activated. pic.twitter.com/XggMo8tIYU post: [Emergency alert lifted] The suspected ballistic missile from North Korea is not expected to reach Japan.
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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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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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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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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 ...