Forex News
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A recent move by the Federal Reserve to grant a little-known bank access to its vast lending and credit facilities is sparking questions about possible conflicts of interest and favoritism at the nation’s central bank, FOX Business has learned. Numisma, a small bank based in Greenwich, Connecticut, received conditional approval for a so-called master ...
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Antonio Brown is broke. The controversial and erratic former NFL receiver filed for federal bankruptcy in Florida on Monday and owes nearly $3 million to eight creditors, according to a Times Union report. The former owner of the Albany Empire Arena Football League team cannot pay at least three six-figure civil judgments. That includes the $1.2 million ...
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With nearly half the world’s population set to face national elections this year, including here in the U.S., it’s a time of questioning for many. People want to know who their next leader will be, how changing policies may affect them, what the economic implications will be, and what place their country or region will have in the world. Of course, ...
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European Central Bank Governing Council member Fabio Panetta said the time is right for an interest-rate cut next month. “I believe we have the conditions for a change in monetary policy” at the June 6 decision, Panetta told reporters in Stresa, Italy. “We have our mantra of deciding meeting by meeting, but I do believe that the consensus has widened and ...
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Despite nascent nearshoring trade expectations, the Mexican economy will be challenged by a welter of economic issues during the second half of 2024. The most notable is a still-restrictive interest-rate environment even as Banco de México has begun easing monetary policy, a strong peso and soaring labor costs. Potential economic softening in the U.S. ...
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Despite the exciting bull run to a four-month high of 0.6712 last week, AUDUSD could not sustain its gains above the 0.6640 threshold, diving back into its previous range area. Having closed below the support trendline from April’s lows and eased slightly beneath the ascending line from October 2023 and the 20-day exponential moving average (EMA), the pair ...
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In EIU’s June 2024 Global Outlook video, head of global forecasting and economics, Tom Rafferty, and global principal economist, Steven Leslie, discuss the US economic outlook. ...
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Japan stands ready to take appropriate action in the market "any time" to counter excessive moves in the yen, its top currency diplomat Masato Kanda said on Friday, issuing a ...
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Stronger than expected data and hawkish FOMC minutes helped lift US rates and the greenback last week. That market continues to also reduce the extend of ECB easing this year is ...
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Finance leaders of the Group of Seven (G7) advanced nations on Saturday reaffirmed their commitment to warn against excessively volatile currency moves, language Japan sees as a ...
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European Central Bank Governing Council member Fabio Panetta said the time is right for an interest-rate cut next month. “I believe we have the conditions for a change in monetary ...
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Despite the exciting bull run to a four-month high of 0.6712 last week, AUDUSD could not sustain its gains above the 0.6640 threshold, diving back into its previous range area. Having closed below the support trendline from April’s lows and eased slightly beneath the ascending line from October 2023 and the 20-day exponential moving average (EMA), the pair ...
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The New Zealand Kiwi declined against the dollar after the rise in the US Purchasing Manager Index (PMI) figures reignited concerns that persistent inflation in the services sector could keep price growth elevated for much longer than investors hoping for rate cuts had initially anticipated. Expectations for rate cuts diminished throughout the day, causing ...
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IC Markets Global, one of the world’s largest Forex CFD providers, has partnered with TipRanks, a premier provider of investment research tools. This partnership is aimed at enhancing investment and trading research capabilities for IC Markets Global clients, providing them access to TipRank’s sophisticated tools. Aligned with IC Markets Global 16-year ...