Forex News
-
New Zealand Fashion Week has been cancelled for 2024. The event, a fixture on Auckland's fashion calendar, was to be held in August. However, the economic downturn and pressure on consumer spending had led to the decision to hold the event every two years, instead of every year, New Zealand Fashion Week owner Feroz Ali said. The next event is expected to ...
-
video Keegan Payne, 19, was the one who reeled in the million-dollar fish but it was his little sister who spotted a small tag on the barramundi which led to a "life-changing" jackpot. The small rod of red plastic clipped to the spine of the barra meant Keegan landed top prize in the Northern Territory's annual Million Dollar Fish competition. Keegan, who ...
-
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 ...
-
post: USD/JPY slammed lower https://t.co/5Z6qJTXa4k USDJPY falls below 100 hour MA and runs lower. The USDJPY broke below the 100-day moving average and scooted all the way down to the 200-hour moving average at 155.98. The price moved below that moving average on its way to a low price of 155.793 before bouncing back to the upside. Recall from Monday's trade after the intervention, the price also moved below its 200 hour MA on 4 separate hourly bars, only to fail on each of the separate hourly bar breaks. Can the price NOW stay below that moving average and probe lower? That is the question for traders. The 50% midpoint of the April trading range is now the next target at 155.50. Move below that level opens the door for more downside momentum as more liquidation can be anticipated. post: USDJPY < 155, down 250 pips in this latest intervention
-
post: JAPAN'S TOP CURRENCY DIPLOMAT KANDA HAS NO COMMENT ON WHETHER JAPAN INTERVENED IN THE CURRENCY MARKET.
-
The Federal Reserve left its policy rate unchanged and argued its policy stance is “in a good place”, but officials are concerned about the recent lack of progress on inflation. Rate hikes remain unlikely, but the Fed is prepared to leave interest rates at current levels until that progress is achieved or the jobs market clearly weakens. Fed keeps rates at ...
-
Japan’s top currency official declined to say if authorities stepped into the foreign exchange market early Thursday in Tokyo, in a comment following a sharp strengthening of the ...
-
Japan likely spent some 5 trillion yen ($32 billion) on Monday in currency market intervention, data by its central bank and market sources showed Tuesday, in the clearest ...
-
The yen advanced more than 2% against the dollar late in the New York session, fueling speculation that the Japanese authorities could be intervening to support the currency. The ...
-
post: USD/JPY slammed lower https://t.co/5Z6qJTXa4k USDJPY falls below 100 hour MA and runs lower. The USDJPY broke below the 100-day moving average and scooted all the way down to the 200-hour moving average at 155.98. The price moved below that moving average on its way to a low price of 155.793 before bouncing back to the upside. Recall from Monday's trade after the intervention, the price also moved below its 200 hour MA on 4 separate hourly bars, only to fail on each of the separate hourly bar breaks. Can the price NOW stay below that moving average and probe lower? That is the question for traders. The 50% midpoint of the April trading range is now the next target at 155.50. Move below that level opens the door for more downside momentum as more liquidation can be anticipated. post: USDJPY < 155, down 250 pips in this latest intervention
-
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals have moved toward better balance over the past year. The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $60 billion to $25 billion. The Committee will maintain the monthly redemption cap on agency debt and agency mortgage‑backed securities at $35 billion and will reinvest any principal payments in excess of this cap into Treasury securities. The Committee is strongly committed to returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation e post: FOMC STATEMENT COMPARE pic.twitter.com/eNQfsvqMI8 post: FED VOTE IN FAVOR OF POLICY WAS UNANIMOUS. post: *FED HOLDS BENCHMARK RATE IN 5.25%-5.5% TARGET RANGE *FED: LACK OF FURTHER PROGRESS TOWARD 2% GOAL IN RECENT MONTHS post: THE FED DOES NOT EXPECT IT WILL BE APPROPRIATE TO CUT RATES UNTIL IT HAS GAINED GREATER CONFIDENCE INFLATION IS MOVING SUSTAINABLY TOWARD 2%.
-
post: JAPAN'S TOP CURRENCY DIPLOMAT KANDA HAS NO COMMENT ON WHETHER JAPAN INTERVENED IN THE CURRENCY MARKET.
-
The Canadian Dollar (CAD) found room to breathe as the US Dollar (USD) eases following the Federal Reserve (Fed) keeping close to the script in regards to the rate outlook. Canada saw a minor tick down in its S&P Global Manufacturing Purchasing Managers Index early in the American trading session, but market momentum remains tepid. US data stands front and ...
-
GBP/USD struggles to hold its ground going into the Federal Reserve interest rate decision amid the pickup in the US Employment Cost Index (ECI), but the exchange rate may further retrace the decline from the April high (1.2710) if it shows a limited response to the negative slope in the 50-Day SMA (1.2617). The recent recovery in GBP/USD seems to have ...
-
CMC Markets, a globally recognized provider of online direct-to-consumer (D2C) trading and business-to-business (B2B) platform technology solutions, recently announced the release of its comprehensive report entitled ‘Retail Trading Trends 2024: The Rise of Influencers, AI and US Centricity’. This report provides a detailed analysis of the current shifts ...