Forex News
-
A Pennsylvania man was in for the shock of a lifetime when he opened a bill from the state for $34 billion. “I knew it was an obvious blunder. I don’t even make over $100,000 a year, so there’s no way I could owe anywhere near that,” Barry Tangert told News 8 about the mind-boggling blunder. The Lancaster County resident said the mystifying letter was one ...
-
The Commodity Futures Trading Commission today announced Judge Linda V. Parker of the U.S. District Court for the Eastern District of Michigan issued an order of default judgment and a permanent injunction against Darren Robinson, a former resident of Miami, Florida, and his firm The QYU Holdings Inc. (QYUHI), a Wyoming corporation with a purported ...
-
The Basel Committee implementation programme has been integral to international financial architecture. Having celebrated its 50th anniversary on 24-25 April, the Basel Committee on Banking Supervision has journeyed from a humble forum for G7 bank supervisors to a titan among global financial standard-setting bodies. Its standards and principles – ...
-
The yen has tumbled well past levels touted as red lines for Japan and at a pace that has traders asking when authorities might start buying the currency to support it — and why they haven’t already done so. The currency fell to a 34-year low against the dollar Friday after the Bank of Japan indicated financial conditions will remain easy, with losses ...
-
post: USDJPY BRIEFLY CROSSES 160 pic.twitter.com/Y1bdGt8dbA TweetUSD/JPY leaps above 160 (briefly) No fresh news to act as a catalyst, stop loss run cited. 160.24 seen, but its dropped back under 160 since. Above 160 to its highest since 1990. One minute candles: chart Japanese yen weakens to 160 against the U.S. dollar for the first time since 1990 The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia. The currency has languished alongside continued strength in the greenback as Federal Reserve rate cut expectations get pushed back.
-
The debate for the Federal Reserve is beginning to shift from how many times to cut interest rates this year to whether to cut them at all in 2024. With policymakers widely expected to hold rates steady at a more than two-decade high at the conclusion of their meeting Wednesday, so much of the focus will be on any pivot in the tone of the post-meeting ...
-
The yen has tumbled well past levels touted as red lines for Japan and at a pace that has traders asking when authorities might start buying the currency to support it — and why ...
-
Words are powerful. For the US economy, no-one’s more so than those of Fed Chair Jerome Powell. Bloomberg Economics’ Fed sentiment index — powered by a natural language processing ...
-
The debate for the Federal Reserve is beginning to shift from how many times to cut interest rates this year to whether to cut them at all in 2024. With policymakers widely ...
-
post: USDJPY BRIEFLY CROSSES 160 pic.twitter.com/Y1bdGt8dbA TweetUSD/JPY leaps above 160 (briefly) No fresh news to act as a catalyst, stop loss run cited. 160.24 seen, but its dropped back under 160 since. Above 160 to its highest since 1990. One minute candles: chart Japanese yen weakens to 160 against the U.S. dollar for the first time since 1990 The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia. The currency has languished alongside continued strength in the greenback as Federal Reserve rate cut expectations get pushed back.
-
post: BoJ’s Ueda: Monetary Policy Is Not Aimed To Control FX Rates Directly -Weak Yen So Far Is Not Having A Big Impact On Trade Inflation
-
Yet more hot inflation data presented itself for the US on Friday, which surely buries last-gasp hopes of any dovish comments from the Fed at this week’s interest rate decision. Not that a decision really needs to be made, as rates are likely to remain at the 5.25% - 5.5% band for the remainder of the year. But let’s talk about the elephant in the room; ...
-
As mentioned in last week’s outlook, Australia’s CPI data generally moves in line with New Zealand’s data. So I cannot say it came as a huge surprise when AU CPI data was broadly higher than expected, given NZ CPI data delivered the same blow to the RBNZ the week prior. Yet maybe the expectations were set too low. Inflation is slowing overall, it’s just not ...
-
The Funded Trader, a prop trading firm that halted payouts and temporarily suspended services for three weeks, came back online last week and is now in the process of moving its base from the United States to the Cayman Islands. “The Funded Trader LLC, headquartered in the USA, is currently in the process of transitioning its operations to an entity located ...