Forex News
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A juror in a Minneapolis trial related to $250 million in stolen pandemic aid reported that she had a sack with $120,000 in cash delivered to her door — and a note promising more if she voted to acquit. The bribe was delivered to the juror’s home in on Sunday evening — just hours before the jury was due back in court to hear the final closing arguments in ...
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The legacy of Michael Jordan shows no signs of slowing down, after a trading card bearing his signature sold for nearly $3million at auction this weekend. MJ is widely regarded as the best NBA player of all-time, and fans clamored to get their hands on a rare piece of memorabilia through Goldin this weekend. Up for auction was a 2003 Upper Deck Ultimate ...
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Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: chart Wages grow ...
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Swiss franc has extended its gains on Monday. USD/CHF is trading at 0.8961 in the North American session, down 0.68%. The Swiss franc posted its strong weekly gain of the year last week, rising 1.35%. The Swissie jumped over 1% on Thursday after Swiss National Bank President Jordan hinted that the central bank could intervene in the currency markets in ...
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USD/JPY is on the backfoot at the start of June, hit by narrowing yield differentials and a whiff of concern about the trajectory for the US economy. Data releases in the coming days may provide clarity on the answer, providing ample two-way price risk given elevated levels of uncertainty. Asymmetric risks for US rates on display Risks for US rates were ...
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Signs that Claudia Sheinbaum will take office with a strong majority in Congress sent Mexican assets lower, as traders fear the incoming leader may have the legislative support to pass anti-market reforms. The Mexican peso led losses among more than 140 currencies tracked by Bloomberg, sinking 2.9% versus the greenback as of 9:40 a.m. in New York. Dollar ...
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In Monday's US data flow we have a surprise drop in the May ISM manufacturing index to 48.7 from 49.2 (consensus 49.5) – remember that anything below 50 is a contraction. Regional ...
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Investors and financial markets will be very surprised – and not at all happy – should Thursday’s ECB announcement not include the first cut in key interest rates since September ...
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Signs that Claudia Sheinbaum will take office with a strong majority in Congress sent Mexican assets lower, as traders fear the incoming leader may have the legislative support to ...
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Key statistics: • The current account balance, seasonally adjusted, declined $7,563m to a deficit of $4,896m. • The capital and financial account surplus was $8,307m, an increase ...
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post: Japan FinMin Suzuki: Conducted FX Intervention To Counter Speculative Moves - FX Intervention Had Effects To Some Extent - Watching Forex Moves Closely - Will Continue To Respond Appropriately
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USD/JPY is on the backfoot at the start of June, hit by narrowing yield differentials and a whiff of concern about the trajectory for the US economy. Data releases in the coming days may provide clarity on the answer, providing ample two-way price risk given elevated levels of uncertainty. Asymmetric risks for US rates on display Risks for US rates were ...
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EUR/USD is falling modestly after the pair remained unchanged across the previous week. The pair continues to trade around the 1.0850 level after softer-than-expected monthly core PCE data on Friday and hotter-than-expected eurozone inflation figures. This week, investors are looking keenly ahead to Thursday's ECB rate decision. The central bank is widely ...
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HFM, one of the biggest brokers regulated by the South African authorities and a global broker of choice, has been honored with the ‘Best Copy Trading Broker Award’ at FMAS:24 in recognition of their reinvented Copy Trading program and market leading trading conditions. Copy Trading, HFM’s innovative copy trading feature, transcends geographical boundaries ...