Forex News
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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 ...
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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 ...
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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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Takatoshi Ito is currently an academic at Columbia University academic: • Was deputy vice minister for international affairs at Japan's finance ministry from 1999-2001 • Was a private-sector member of the government's top economic council for two years until 2008 He spoke with Reuters: • "By hammering speculative moves with intervention, the authorities are ...
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In the week ending April 27, the advance figure for seasonally adjusted initial claims was 208,000, unchanged from the previous week's revised level. The previous week's level was revised up by 1,000 from 207,000 to 208,000. The 4-week moving average was 210,000, a decrease of 3,500 from the previous week's revised average. The previous week's average was ...
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The May FOMC meeting brought little by way of surprises – rates unchanged, guidance unchanged, albeit with a marginally quicker QT taper than some had expected. Clearly, the next move in the fed funds rate will still be a cut, with the Committee continuing to seek confidence on inflation returning towards 2%, before beginning to normalise policy. As widely ...
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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 ...
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The May FOMC meeting brought little by way of surprises – rates unchanged, guidance unchanged, albeit with a marginally quicker QT taper than some had expected. Clearly, the next ...
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The demand for forex instruments among institutions came in strong once again with the latest figures for April. The average daily volume (ADV) in trading has improved in venues ...
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Takatoshi Ito is currently an academic at Columbia University academic: • Was deputy vice minister for international affairs at Japan's finance ministry from 1999-2001 • Was a ...
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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%.
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post: JAPAN'S TOP CURRENCY DIPLOMAT KANDA HAS NO COMMENT ON WHETHER JAPAN INTERVENED IN THE CURRENCY MARKET.
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AUDUSD is recording another green candle as the market appears to be relieved that Fed Chairman Powell did not mention rate hikes as a viable policy option at Wednesday's press conference. AUDUSD is currently battling with the 50-day simple moving average (SMA) and possibly on its way to break the recent series of lower highs and lower lows. The bullish ...
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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 ...
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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 ...