Forex News
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Tesla (TSLA) shares soared 15% Monday following reports that CEO Elon Musk's weekend trip to China brought a number of wins for the electric vehicle maker. Tesla reportedly cleared key data privacy hurdles and won tentative approval to deploy Tesla's Full Self-Driving (FSD) system in China, Tesla's second-largest market behind the U.S. 1 The software is a ...
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The National Anti-Scam Centre’s collaborative efforts across government, law enforcement, consumer organisations and industry have boosted the community’s fight against financial crime, as the latest Targeting Scams report reveals a 13.1 per cent decline in reported losses to $2.74 billion in 2023. The report compiles data reported to Scamwatch, ...
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The past century has been a wild ride for investors. This article explores ten of the most dramatic plunges the stock market has witnessed, from the tech-fueled Dot-com bubble burst to the global economic shock of the COVID-19 pandemic. Each crash offers a unique story, exposing vulnerabilities in the system and highlighting the interconnectedness of ...
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To Robin Brooks, the former chief currency strategist at Goldman Sachs Group Inc., Japan’s massive government debt — for now at least — is likely to doom any efforts to prop up the yen. That debt has swelled to the equivalent of more than 250% of the nation’s economy, more than any of its peers, according to data from the International Monetary Fund. And, ...
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As the Fed's policy-setting committee gathers for a two-day meeting Tuesday, it is being forced to wrestle with an uncomfortable question: Is its interest rate policy really doing as much work as the Fed itself has assumed? Why it matters: The evidence that the Fed's target rate is restricting economic activity enough to bring inflation down to its 2% ...
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The improvement in Chinese manufacturing sector conditions extended into the start of the second quarter, according to the latest PMI data. Greater new work inflows, including from abroad, supported faster output growth in April. As a result, manufacturers raised their purchasing activity and inventory holdings. That said, firms remained cautious with ...
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To Robin Brooks, the former chief currency strategist at Goldman Sachs Group Inc., Japan’s massive government debt — for now at least — is likely to doom any efforts to prop up ...
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The growth engine of the Chinese economy unexpectedly decelerated last month while Australian retail sales are growing at the weakest pace on record outside one-off economic ...
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The Japanese Yen has been undergoing quite the roller-coaster ride in recent weeks and is now down over 45% vs the USD since 2020. With their large government debt load many ...
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China’s factory activity remained in expansion territory for the second consecutive month in April, in the latest sign that the economic recovery is picking up pace. The official ...
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The improvement in Chinese manufacturing sector conditions extended into the start of the second quarter, according to the latest PMI data. Greater new work inflows, including ...
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post: Mini Flash Crash G10FX/JPY?USD/JPY plunges again A second wave of selling has hit USD/JPY • USD/JPY is down 266 pips and at the lowest levels since the first round of what was likely intervention a few hours ago. post: DOLLAR/YEN FALLS BACK BELOW 155.50 AMID MARKET JITTERS ABOUT SUSPECTED BOJ INTERVENTION, LAST DOWN 1.72% AT 155.60
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AUDUSD was sold this week, after the bulls struggled to overcome the 0.6575 barrier. In the bigger picture, the pair is trading back within the sideways range that has been containing most of the price action since mid-January and thus, the outlook remains neutral. The MACD lies well above zero, but it has already crossed below its trigger line and is ...
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I'm sure you've already seen what's happened overnight in the USD/JPY. Prior to the suspected intervention by the Japanese finance ministry/BoJ, the USD/JPY had initially surged some 500 pips from its low point on Friday to rise above 160.00, before dropping more than 500 pips to below 155.00 and then bouncing back. So, it's been a very volatile session, ...
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The Funded Trader, a prop trading firm that halted payouts and temporarily suspended services for three weeks, came back online last week and is now in the process of moving its base from the United States to the Cayman Islands. “The Funded Trader LLC, headquartered in the USA, is currently in the process of transitioning its operations to an entity located ...