Forex News
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Archegos Capital Management returned to the spotlight three years after its spectacular collapse with the start of founder Bill Hwang’s trial on fraud, racketeering and market manipulation charges. The trial kicked off Monday in Manhattan federal court with opening statements and continued through Thursday with testimony from several witnesses who ...
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Federal Deposit Insurance Corp. Chairman Martin Gruenberg sat for a second day of grilling Thursday on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week. The hearing was called to address oversight of financial regulators, including the Office of the Comptroller ...
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In our team meetings, we often discuss the shifting sands of the market. Not only is it an interesting topic, but it poses a challenge for asset allocators. We are in the midst of a multi-year outperformance cycle for large-cap growth. The companies that have driven this outperformance have all become household names: Alphabet, Amazon, Apple, Meta, ...
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A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year. Other data in the week like retail sales, new home construction and manufacturing came in softer than expected, adding to evidence that demand is cooling ...
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From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs. Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and emerging markets, has been on a record-breaking run, setting another new high on Friday. In the US, the S&P 500 and ...
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Thank you for your generous introduction, Dean Solomon, and thank you for the invitation to be here and share this special day with all of you. Let me begin by congratulating the Class of 2024. Let's give a huge round of applause to our graduates, who are all so deserving of being recognized. And let's clap our hands together and also congratulate the ...
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A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting ...
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From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs. Of the world’s 20 largest stock markets, 14 have hit all-time ...
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As food prices rise, freelance cameraman Shunmugam Karuppannan is one of many Malaysians feeling the pinch. These days, the 50-year-old thinks twice about taking his family to a ...
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Thank you for your generous introduction, Dean Solomon, and thank you for the invitation to be here and share this special day with all of you. Let me begin by congratulating the ...
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The GBP/USD was looking strong at the time of writing on Friday, looking to post a weekly close of around 1.5%, supported by stronger UK data and weaker US macro pointers. In the week ahead, we have key UK inflation numbers and global PMI data to trigger the next move. Our GBP/USD analysis remains bullish because of our bearish view on the dollar. The ...
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US CPI was the big item from this week and the Wednesday release prodded several themes across global markets. US equities broke out to fresh highs on the back of that print, and the US Dollar broke down to fresh monthly lows, eventually finding support around the 200-day moving average which led to a bounce on Thursday. The move in the Dollar contributed ...
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Copenhagen-based broker Saxo Bank has achieved a major milestone, surpassing $116 billion (DKK 800 billion) in client assets. This is a record-breaking feat for the Danish broker, which took 25 years to reach DKK 150 billion and then just 6 years to increase that figure five-fold, adding an additional DKK 650 billion. Saxo Bank said this achievement shows ...