Forex News
-
Tesla (TSLA) shares soared 15% Monday following reports that CEO Elon Musk's weekend trip to China brought a number of wins for the electric vehicle maker. Tesla reportedly cleared key data privacy hurdles and won tentative approval to deploy Tesla's Full Self-Driving (FSD) system in China, Tesla's second-largest market behind the U.S. 1 The software is a ...
-
The National Anti-Scam Centre’s collaborative efforts across government, law enforcement, consumer organisations and industry have boosted the community’s fight against financial crime, as the latest Targeting Scams report reveals a 13.1 per cent decline in reported losses to $2.74 billion in 2023. The report compiles data reported to Scamwatch, ...
-
The past century has been a wild ride for investors. This article explores ten of the most dramatic plunges the stock market has witnessed, from the tech-fueled Dot-com bubble burst to the global economic shock of the COVID-19 pandemic. Each crash offers a unique story, exposing vulnerabilities in the system and highlighting the interconnectedness of ...
-
post: US BOOSTS APRIL-JUNE BORROWING EST. TO $243B FROM $202B post: US Treasury Says April-June Borrowing Estimate Assumes End-June Cash Balance of $750 Billion US Treasury Expects to Borrow $847 Billion in July-September Quarter, Assuming End-September Cash Balance of $850 BillionTreasury Announces Marketable Borrowing Estimates The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the April – June 2024 and July – September 2024 quarters. During the April – June 2024 quarter, Treasury expects to borrow $243 billion in privately-held net marketable debt, assuming an end-of-June cash balance of $750 billion.[2] The borrowing estimate is $41 billion higher than announced in January 2024, largely due to lower cash receipts, partially offset by a higher beginning of quarter cash balance.[3] During the July – September 2024 quarter, Treasury expects to borrow $847 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $850 billion. During the January – March 2024 quarter, Treasury borrowed $748 billion in privately-held net marketable debt and ended the quarter with a cash balance of $775 billion. In January 2024, Treasury estimated borrowing of $760 billion and assumed an end-of-March cash balance of $750 billion. Privately-held net marketable borrowing was $12 billion lower largely because higher cash receipts and lower outlays were partially offset by a $25 billion higher ending cash balance. Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, May 1, 2024.
-
USDJPY is pulling back significantly today following a retest of 160.40 resistance, but will the pair move lower in May or is the bottom in? Today’s video outlines what I’m watching from USDJPY, including a simple way to trade a break from the current range. The USDJPY traded to fresh 34-year highs on Monday just as the Bank of Japan (BoJ) intervened, or so ...
-
The growth engine of the Chinese economy unexpectedly decelerated last month while Australian retail sales are growing at the weakest pace on record outside one-off economic shocks, putting AUD/USD under renewed pressure on Tuesday. China PMIs soften but not enough to spur stimulus talk: China’s official purchasing managers’ indices (PMI) declined from the ...
-
A quiet micro and macro day was dominated by Treasury's QRA news (which spoiled all the fun by coming in less than some hyperbolic expectations), and Japanese intervention the FX ...
-
To Robin Brooks, the former chief currency strategist at Goldman Sachs Group Inc., Japan’s massive government debt — for now at least — is likely to doom any efforts to prop up ...
-
The Japanese Yen has been undergoing quite the roller-coaster ride in recent weeks and is now down over 45% vs the USD since 2020. With their large government debt load many ...
-
post: Mini Flash Crash G10FX/JPY?USD/JPY plunges again A second wave of selling has hit USD/JPY • USD/JPY is down 266 pips and at the lowest levels since the first round of what was likely intervention a few hours ago. post: DOLLAR/YEN FALLS BACK BELOW 155.50 AMID MARKET JITTERS ABOUT SUSPECTED BOJ INTERVENTION, LAST DOWN 1.72% AT 155.60
-
post: US BOOSTS APRIL-JUNE BORROWING EST. TO $243B FROM $202B post: US Treasury Says April-June Borrowing Estimate Assumes End-June Cash Balance of $750 Billion US Treasury Expects to Borrow $847 Billion in July-September Quarter, Assuming End-September Cash Balance of $850 BillionTreasury Announces Marketable Borrowing Estimates The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the April – June 2024 and July – September 2024 quarters. During the April – June 2024 quarter, Treasury expects to borrow $243 billion in privately-held net marketable debt, assuming an end-of-June cash balance of $750 billion.[2] The borrowing estimate is $41 billion higher than announced in January 2024, largely due to lower cash receipts, partially offset by a higher beginning of quarter cash balance.[3] During the July – September 2024 quarter, Treasury expects to borrow $847 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $850 billion. During the January – March 2024 quarter, Treasury borrowed $748 billion in privately-held net marketable debt and ended the quarter with a cash balance of $775 billion. In January 2024, Treasury estimated borrowing of $760 billion and assumed an end-of-March cash balance of $750 billion. Privately-held net marketable borrowing was $12 billion lower largely because higher cash receipts and lower outlays were partially offset by a $25 billion higher ending cash balance. Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, May 1, 2024.
-
The improvement in Chinese manufacturing sector conditions extended into the start of the second quarter, according to the latest PMI data. Greater new work inflows, including ...
-
I'm sure you've already seen what's happened overnight in the USD/JPY. Prior to the suspected intervention by the Japanese finance ministry/BoJ, the USD/JPY had initially surged some 500 pips from its low point on Friday to rise above 160.00, before dropping more than 500 pips to below 155.00 and then bouncing back. So, it's been a very volatile session, ...
-
USDJPY is pulling back significantly today following a retest of 160.40 resistance, but will the pair move lower in May or is the bottom in? Today’s video outlines what I’m watching from USDJPY, including a simple way to trade a break from the current range. The USDJPY traded to fresh 34-year highs on Monday just as the Bank of Japan (BoJ) intervened, or so ...
-
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 ...