Forex News
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Stephen Ross, the billionaire real-estate magnate, is gearing up for the Miami Grand Prix this weekend—and he has no plans to give up the Formula 1 event anytime soon. Ross recently turned down a $10 billion offer to take over his sports enterprise, which includes the grand prix, the Miami Dolphins, and Hard Rock Stadium, USA Today reported on Wednesday. ...
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A scammer who spent years duping people and stealing $1.1million in COVID funds to support his luxury lifestyle has been identified as he faces prison for his crimes. Joey Cipolla drove a Lamborghini and a Bentley that frequently sat in the driveway of his 12,000sqf mansion in Bloomingdale, Illinois, an affluent area outside Chicago. He had his own Cessna ...
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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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Traders and economists expect the NFP report to show that the US created 238K net new jobs, with average hourly earnings rising 0.3% m/m (4.0% y/y) and the U3 unemployment rate holding steady at 3.8%. As Fed Chairman Powell noted in his press conference on Wednesday, the US economy has thus far defied expectations for a slowdown to start 2024, and ...
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It seems the Bank of Japan didn’t want to wait around for another test of the 160.00 handle. Following yesterday’s FOMC meeting, USD/JPY plunged in a very quick manner. Initially, I was skeptical of this being intervention related for a couple of reasons. The main one being that price hadn’t yet re-tested the 160.00 handle, which is what the BoJ had ...
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Japan's attempts to shore up its currency are putting trading desks across the globe on high alert and dealers are taking no chances ahead of a long weekend in London and Tokyo that might offer authorities another opportunity to bolster the frail yen. The Japanese currency, which is around its weakest since 1990, has witnessed its biggest weekly price swing ...
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Japan's attempts to shore up its currency are putting trading desks across the globe on high alert and dealers are taking no chances ahead of a long weekend in London and Tokyo ...
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Although the Federal Reserve attempted to deliver a balanced message by announcing the slowdown of Quantitative Tightening (QT) starting in June and rejecting the likelihood of ...
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Traders and economists expect the NFP report to show that the US created 238K net new jobs, with average hourly earnings rising 0.3% m/m (4.0% y/y) and the U3 unemployment rate ...
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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 ...
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Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monetary Policy Report. In April, we maintained our policy interest rate at 5% and published a revised outlook for the Canadian economy. We had three key messages. First, monetary policy is working. Total consumer price index (CPI) and core inflation have eased further in recent months, and we expect inflation to continue to move closer to the 2% target this year. Second, growth in the economy looks to be picking up. We expect GDP growth to be solid this year and to strengthen further in 2025. Third, as we consider how much longer to hold the policy rate at the current level, we’re looking for evidence that the recent further easing in underlying inflation will be sustained. Before taking your questions, let me take a moment to discuss recent economic data and the outlook for growth and inflation. In Canada, growth stalled in the second half of last year and the economy moved into excess supply. The labour market also cooled from very overheated levels. With employment growing more slowly than the working-age population, the unemployment rate has risen gradually over the last year to 6.1% in March. There are also some signs that wage pressures are beginning post: BOC'S GOV. MACKLEM: IF WE CUT INTEREST RATES AND THAT WEAKENS THE C$, THAT IS SOMETHING YOU TAKE INTO ACCOUNT WITH HOW MUCH YOU NEED TO REDUCE INTEREST RATES.
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Working natural gas in storage across the United States increased by 59 billion cubic feet in the week ending April 26 compared to the previous seven-day period to reach 2,484 ...
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It seems the Bank of Japan didn’t want to wait around for another test of the 160.00 handle. Following yesterday’s FOMC meeting, USD/JPY plunged in a very quick manner. Initially, I was skeptical of this being intervention related for a couple of reasons. The main one being that price hadn’t yet re-tested the 160.00 handle, which is what the BoJ had ...
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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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IC Markets, an acclaimed global online forex and CFD provider, has unveiled a new global campaign. Set against the adrenaline-fueled world of competitive car racing, where every second counts, IC Markets’ newest TV commercial draws a compelling parallel. It aligns the racetrack’s high-octane speed and precision with the ultra-fast trade execution that is a ...