Forex News
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Aurora viewers will want to keep their eyes on the sky this weekend as solar flares from the Sun are hurling towards Earth. NOAA has upgraded a geomagnetic solar storm watch from a Level 3 (“moderate”) to a Level 4 (“severe”) as several solar flares have combined. That could grace the northern tier skies with brilliant auroras but also trigger GPS problems, ...
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Sam Bankman-Fried has swapped crypto for a new kind of currency behind bars: bags of rice. The disgraced FTX founder has been jailed at Brooklyn’s Metropolitan Detention Center as he waits to be transferred to a federal prison to serve a 25-year sentence. Bankman-Fried was convicted for wire fraud, money laundering and conspiracy last year. The 32-year-old ...
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When the yield curve flattens and eventually inverts, you worry. But it’s when a recession hits, the Fed cuts rates and the curve steepens that you become s**t scared. Yield curve dynamics represent a crucial macro variable, as they inform us on today’s borrowing conditions and on the market future expectations for growth and inflation. An inverted yield ...
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When central banks start cutting interest rates, they usually move quickly. The Bank of England may choose a more cautious path when its nine-member Monetary Policy Committee decides the time has come to reduce borrowing costs. What makes this cycle different is that it will take place not in a downturn, but into an economic recovery. Official figures on ...
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The U.S. Treasury ran a surplus last month, thanks to the April 15th tax deadline. But the federal government is still on track to end the fiscal year more than $1.5 trillion in the red. April tax receipts totaled $776 billion — a 22% increase from the previous year. Treasury officials credited part of the jump to the growing number of people working and ...
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China’s credit unexpectedly shrank in April, reflecting weak borrowing demand as the central bank refrained from easing monetary policy. Aggregate financing, a broad measure of credit, was 12.7 trillion yuan ($1.8 trillion) in the first four months of the year, according to data released by the People’s Bank of China on Saturday. That dropped from 12.9 ...
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Underlying US inflation probably moderated in April for the first time in six months, offering a ray of hope that price pressures will start to ease again after a string of upside ...
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Today you will see USDJPY price prediction based on the technical analysis. What is the support and resistance on the daily time frame for USDJPY. What to expect where the price will breakout for the USDJPY based on the supply and demand zones.
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It was a strong week for the stock market as equities continued their incline from the week before, after the Fed sounded dovish and NFP printed below-expectations. The US Dollar has so far shown a gain on the week but it’s moderate and likely a symptom of the 105.00 support level that was in-play on Monday. The big focus for next week is the US CPI report ...
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Dear Traders, As part of our commitment to providing the best trading experience to our customers, we want to inform you of upgrades to our cTrader Servers on Sunday, 12 May 2024. During the upgrade, the cTrader backend and associate services may be unavailable for a short period, according to the times below: • Start Date and Time: Sunday, 12 May 2024 ...