Forex News
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The meme stock influencer Kieth Gill, better known online as Roaring Kitty or DeepFucking Value, opined on YouTube—carefully—on Friday about GameStop’s future as a company. It was his first livestream since 2021. “Do I have to be careful about what I saw here?” the influencer asked, while displaying a background of GameStop’s stock price on Yahoo Finance. ...
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Supreme Court Justice Clarence Thomas accepted millions of dollars’ worth of gifts over the past two decades on the bench, a total nearly 10 times the value of all gifts received by his fellow justices during the same time, according to a new analysis. Thomas received 103 gifts with a total value of more than $2.4 million between 2004 and 2023, the judicial ...
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A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures have been ...
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May’s surprising pace of job growth along with a rise in wages added to conviction that the Federal Reserve will stay on hold through this summer and possibly beyond. The Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 272,000 for the month, considerably higher than the Wall Street consensus of 190,000 and well above April’s ...
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A Bloomberg gauge of dollar strength is on track for its longest weekly winning streak since February as the strength of the US economy crushed any remaining hopes of near-term Federal Reserve policy pivot. The benchmark rose nearly 0.8%, to the highest level in more than a month, after an advance in nonfarm payrolls Friday. Odds of a Fed rate cut were ...
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Two years ago, we started to raise key interest rates because inflation was too fast. Now the situation is better. Although prices continue to rise, especially in the service sector, overall inflation has slowed considerably. Next year, we will reach the goal of a two percent inflation rate. So we can now lower our policy rates. The most important of them ...
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May’s surprising pace of job growth along with a rise in wages added to conviction that the Federal Reserve will stay on hold through this summer and possibly beyond. The Bureau ...
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A Bloomberg gauge of dollar strength is on track for its longest weekly winning streak since February as the strength of the US economy crushed any remaining hopes of near-term ...
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US consumer borrowing increased in April by less than forecast as credit-card balances declined for the first time in three years. Total credit rose $6.4 billion after a ...
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Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. ...
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Two years ago, we started to raise key interest rates because inflation was too fast. Now the situation is better. Although prices continue to rise, especially in the service ...
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post: NAGEL: ECB RATE CUT REFLECTS RECEDING INFLATION post: NAGEL: ECB WASN'T PARTICULARLY SURPRISED BY INFLATION UPTICK post: NAGEL: GERMAN ECONOMY IS PICKING UP SPEED post: ECB'S NAGEL: GERMANY NEEDS TO TACKLE STRUCTURAL CHALLENGES FOR GROWTH.
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Main scenario: consider long positions from corrections above the level of 154.37 with a target of 161.50 – 167.00. Alternative scenario: breakout and consolidation below the level of 154.37 will allow the pair to continue declining to the levels of 151.68 – 146.44. Analysis: the ascending fifth wave of larger degree (5) of C continues forming on the daily ...
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USDCAD has been swinging sideways over the past two weeks between 1.3740 and 1.3600, unable to reverse the short-term downtrend from April’s peak of 1.3844. The technical signals are currently uncertain, lacking a clear indication as the RSI continues to hover near its neutral mark of 50 and the stochastic oscillator maintains a flat trajectory. Perhaps a ...
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"The business models used by firms engaged in prop trading (technically funded trader services) can take various forms, some of which may be subject to the MiFID regulatory framework,” the Czech National Bank told Finance Magnates exclusively. In this context, It's worth mentioning that one of the top prop trading companies, FTMO, is domiciled in the Czech ...