Forex News
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Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels. The Warren Buffett-led conglomerate posted an operating profit — which encompasses earnings from the company’s wholly owned businesses — that surged 39% to $11.22 billion from the year-earlier ...
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Friday night’s ZeroHedge Debate explored which is the superior asset: Gold or Bitcoin. Arguing in favor of Gold were investor Peter Schiff and NYU economist Nouriel Roubini, who went toe-to-toe with crypto proponents Erik Voorhees, a cryptocurrency entrepreneur and wealth manager Anthony Scaramucci. video Schiff made the case that Bitcoin cannot be a ...
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Currency trading is somewhat unusual in that the price reflects what is happening in two different currency zones. If we want to discuss how currencies relate to inflation, we should keep in mind that we should be talking about the inflation rate in the two currencies. For example, if the inflation rate in Canada is 2% and the inflation rate in the United ...
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There are multiple reasons to suggest that the US is in a state of decline as an empire. A widening wealth gap. Ongoing cultural issues including racism, violent crime, and drug addiction. Failing infrastructure. And - perhaps worst of all - partisan politics that completely gridlock effective governing. However, for all the problems, and despite its many ...
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Alvin Tan, head of Asia foreign exchange at RBC Capital Markets, explains why he thinks dollar-yen is likely to retest 160 again and probably go through it before year-end perhaps to 165.
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Phillip Lane (Dublin, 1959) is one of the six members of the Executive Board of the European Central Bank , along with President Christine Lagarde and Vice President Luis de Guindos . Lane speaks softly and precisely. It is evident that he makes an effort to choose his words well, and not only because at the time of the interview given to El Confidencial, on April 30, there were only five weeks left until the next ECB monetary policy meeting, in which Everyone expects a drop in interest rates from the current 4.5% . It would be the first since December 2015. If it occurs, it will put an end to the stage of increases that began in July 2022, to contain inflation that worsened considerably after the Russian invasion of Ukraine in February of that year, but that had already been several months above the 2% target. Lane makes it clear that his level of confidence in a lowering of the price of money has increased in the last month and admits that it would be a surprise if this did not occur but he also sends other messages. Although he rejects any specific comm post: LANE FROM ECB: APRIL SLOWDOWN IN SERVICES INFLATION MARKS SIGNIFICANT PROGRESS post: ECB'S LANE: CONFIDENCE ON INFLATION IMPROVING post: ECB'S LANE: EXAGGERATING IMPACT OF ECB, FED DIVERGENCE NOT NECESSARY post: ECB'S LANE: FED DECISIONS HAVE LIMITED IMPACT ON EURO AREA
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Alvin Tan, head of Asia foreign exchange at RBC Capital Markets, explains why he thinks dollar-yen is likely to retest 160 again and probably go through it before year-end perhaps ...
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There are multiple reasons to suggest that the US is in a state of decline as an empire. A widening wealth gap. Ongoing cultural issues including racism, violent crime, and drug ...
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The Kiwi dollar has yet again survived and rebounded back up from an attempted sell-off to rates substantially below 0.6000. And, yet again, the NZ dollar recovery back up to ...
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Phillip Lane (Dublin, 1959) is one of the six members of the Executive Board of the European Central Bank , along with President Christine Lagarde and Vice President Luis de Guindos . Lane speaks softly and precisely. It is evident that he makes an effort to choose his words well, and not only because at the time of the interview given to El Confidencial, on April 30, there were only five weeks left until the next ECB monetary policy meeting, in which Everyone expects a drop in interest rates from the current 4.5% . It would be the first since December 2015. If it occurs, it will put an end to the stage of increases that began in July 2022, to contain inflation that worsened considerably after the Russian invasion of Ukraine in February of that year, but that had already been several months above the 2% target. Lane makes it clear that his level of confidence in a lowering of the price of money has increased in the last month and admits that it would be a surprise if this did not occur but he also sends other messages. Although he rejects any specific comm post: LANE FROM ECB: APRIL SLOWDOWN IN SERVICES INFLATION MARKS SIGNIFICANT PROGRESS post: ECB'S LANE: CONFIDENCE ON INFLATION IMPROVING post: ECB'S LANE: EXAGGERATING IMPACT OF ECB, FED DIVERGENCE NOT NECESSARY post: ECB'S LANE: FED DECISIONS HAVE LIMITED IMPACT ON EURO AREA
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China's service economy expanded moderately in the opening month of the second quarter of 2024. Faster new business growth, the quickest in nearly a year, supported the latest ...
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video The latest round of Gaza cease-fire talks ended in Cairo after “in-depth and serious discussions,” the Hamas militant group said Sunday, reiterating key demands that ...
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USDJPY has rebounded from its 0.786 retracement at 151.75. The strength indicator RSI is still showing positive sentiment with no divergence. That is a strong suggesting USDJPY is to rebound higher. An RSI close back above 60 threshold will confirm the bullish rebound picture. A bullish move over the next couple of weeks to the 0.618 retracement at 157.05 ...
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The Aussie dollar rallied during the early hours on Friday to show signs of strength as we reached the 0.6650 level. The 0.6650 level is an area that's had massive resistance multiple times in the past. Therefore, it's not a huge surprise to see that we have pulled back from there. The jobs number in the United States came in lower than anticipated and I ...
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Saxo Bank’s FX clients traded worth $4.1 billion daily in March, the lowest turnover since December 2021. The Danish multi-asset brokerage reported its total monthly FX volume for April 2024 at $99.3 billion, which is up 7.6 percent from $92.4 billion a month ago. However, this figure corresponds to a yearly decrease of 3 percent compared to $103 billion in ...