Forex News
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The California Highway Patrol found 15 lbs of cocaine with a street value of $700,000 during a traffic stop in Merced Country on April 27, the CHP reported. Around 3:15 p.m., a 2010 Subaru driving on I-5 around 30 miles west of Merced was pulled over for a traffic violation. During the stop, the officer became suspicious and conducted a search using a K-9 ...
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Almost eight months after his death at age 79, the Los Angeles estate of financier Robert Day is available for the first time in nearly three decades, asking a jaw-dropping $150 million. Built in the 1970s, the Palladian-style residence known as Villa dei Fiori (Villa of Flowers) occupies three contiguous parcels with two separate addresses in Lower Bel ...
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When it comes to Contracts for Difference (CFDs), one of the most common questions among traders is how long do you hold a CFD? Unlike some financial instruments, CFDs do not have a fixed expiry date and therefore traders can use different trading strategies at their will. Nevertheless, the period that you keep a derivative will affect both your trading ...
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At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation remains high and is falling more gradually than expected. Recent information indicates that inflation continues to moderate, but is declining more slowly than ...
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Household borrowers are set to be spared from further pain at the Reserve Bank’s May meeting, yet all eyes will be on governor Michele Bullock’s post-meeting press conference for clues on the path ahead for interest rates. On Tuesday, the central bank is widely anticipated to keep the cash rate steady at a 12-year high of 4.35 per cent, continuing its ...
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Over the past few years, I have published a series of essays assessing where we are in our inflation fight and highlighting some important questions policymakers are facing. My most recent essay was in February of this year, where I questioned how much monetary policy was actually restraining demand. This essay is an update to that commentary, and I now examine the current stance of monetary policy in more detail.1 I will argue that the Federal Open Market Committee (FOMC) has tightened policy significantly, compared with prior cycles, both in absolute terms and relative to the market’s understanding of neutral. But I will also observe that the housing market is proving more resilient to that tight policy than it generally has in the past. Given that housing is a key channel through which monetary policy affects the economy, its resilience raises questions about whether policymakers and the market are misperceiving neutral, at least in the near term. It is possible that once the reopening dynamics of the post-COVID economy have concluded, the macro forces that drove the low-rate environment that existed before the pandemic will reemerge, pulling neutral back down. But the FOMC must set policy based on where neutral is in the short run to achieve our dual mandate goals in a reasonable period of time. The uncertainty about where neutral is today creates a challenge for policymakers. post: FED'S KASHKARI: HOUSING MARKET IS PROVING MORE RESILIENT TO TIGHT MONETARY POLICY THAN IT HAS BEEN IN THE PAST post: FED'S KASHKARI: IT IS POSSIBLE THAT HOUSING MARKET RESILIENCE MEANS THE NEUTRAL RATE HAS BEEN PUSHED HIGHER, AT LEAST IN THE SHORT TERM. post: FED'S KASHKARI: I QUESTION POLICY RESTRICTIVENESS, GIVEN THE INFLATION DATA. post: KASHKARI: FED MUST SET POLICY BASED ON SHORT-RUN NEUTRAL RATE
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USD/JPY jumped earlier on comments from Kanda pointedly not responding to Yellen - tensions are evident in the intervention realm: Japan's Kanda says no comment on Yellen's ...
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Central banks should consider using digital currencies for both wholesale and retail, according to European Central Bank Governing Council member Francois Villeroy de Galhau. “The ...
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Bank of Japan Governor Kazuo Ueda said after meeting with Prime Minister Fumio Kishida that he’s carefully watching the impact of the weak yen on prices and he discussed recent ...
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post: Arab sources are reporting an assassination attempt against Saudi Crown Prince Mohammed bin Salman pic.twitter.com/XjlJIVS5Di post: Unconfirmed Reports tonight that a Heavily-Armed Security Convoy carrying the Crown Prince of Saudi Arabia, Mohammed bin Salman and several other High-Ranking Officials was Attacked earlier tonight within the Capital of Riyadh, in what appears to have been an Assassination… pic.twitter.com/uLjsjI4gPb
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At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per ...
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post: RBA'S GOV. BULLOCK: WE BELIEVE RATES ARE AT THE RIGHT LEVEL TO GET INFLATION BACK TO TARGET. post: RBA'S GOV. BULLOCK: DATA ARE PROVING BUMPY, WE ARE TAKING A LONGER VIEW.
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The paths of inflationary trends between the two Antipodean countries have started to diverge in the past month. Forward-looking consumer inflation expectations in Australia have inched higher to 4.6% in April from 4.3% printed in March, its highest pace of increase since November 2023 amid elevated prices in services components. In contrast, New Zealand’s ...
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EURUSD spiked late last week above the 55 and 200 daily Moving Averages and close to the 0.786 retracement at 1.0824 before retracing back below the 0.618 retracement at 1.0776. In three tries, EURUSD has failed to close above the 0.618 retracement and RSI failed to close back above 60 thresholds. All Moving Averages are declining, putting a drag on EURUSD. ...
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Saxo Bank’s FX clients traded worth $4.1 billion daily in March, the lowest turnover since December 2021. The Danish multi-asset brokerage reported its total monthly FX volume for April 2024 at $99.3 billion, which is up 7.6 percent from $92.4 billion a month ago. However, this figure corresponds to a yearly decrease of 3 percent compared to $103 billion in ...