Forex News
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Stephen Ross, the billionaire real-estate magnate, is gearing up for the Miami Grand Prix this weekend—and he has no plans to give up the Formula 1 event anytime soon. Ross recently turned down a $10 billion offer to take over his sports enterprise, which includes the grand prix, the Miami Dolphins, and Hard Rock Stadium, USA Today reported on Wednesday. ...
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A scammer who spent years duping people and stealing $1.1million in COVID funds to support his luxury lifestyle has been identified as he faces prison for his crimes. Joey Cipolla drove a Lamborghini and a Bentley that frequently sat in the driveway of his 12,000sqf mansion in Bloomingdale, Illinois, an affluent area outside Chicago. He had his own Cessna ...
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Currency trading is somewhat unusual in that the price reflects what is happening in two different currency zones. If we want to discuss how currencies relate to inflation, we should keep in mind that we should be talking about the inflation rate in the two currencies. For example, if the inflation rate in Canada is 2% and the inflation rate in the United ...
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It seems the Bank of Japan didn’t want to wait around for another test of the 160.00 handle. Following yesterday’s FOMC meeting, USD/JPY plunged in a very quick manner. Initially, I was skeptical of this being intervention related for a couple of reasons. The main one being that price hadn’t yet re-tested the 160.00 handle, which is what the BoJ had ...
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Federal Reserve Chair Jerome Powell’s comments after two days of policy meetings were not as hawkish as many had feared given that U.S. inflation and economic activity reaccelerated in the first quarter. While acknowledging that sticky inflation means interest rate cuts will come later than previously expected, Powell said officials had not seriously ...
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The Bank of England’s effort to stimulate the economy during the pandemic is responsible for all £115 billion ($144 billion) of the net losses on quantitative-easing that UK taxpayers will have to cover, analysis by Bloomberg shows. Using the central bank’s latest estimate of the lifetime cost of the program, a Bloomberg analysis indicates that the BOE is ...
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Japan's attempts to shore up its currency are putting trading desks across the globe on high alert and dealers are taking no chances ahead of a long weekend in London and Tokyo ...
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Although the Federal Reserve attempted to deliver a balanced message by announcing the slowdown of Quantitative Tightening (QT) starting in June and rejecting the likelihood of ...
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Traders and economists expect the NFP report to show that the US created 238K net new jobs, with average hourly earnings rising 0.3% m/m (4.0% y/y) and the U3 unemployment rate ...
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post: ECB'S LANE: WILL CONTINUE TO FOLLOW DATA-DEPENDENT APPROACH || NOT PRE-COMMITTING TO A PARTICULAR RATE PATH post: ECB'S LANE: INFLATION HAS DECLINED MORE QUICKLY THAN EXPECTED. post: ECB'S LANE: WAGE GROWTH IS MODERATING BUT REMAINS ELEVATED.
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post: STOURNARAS: ECB SEES A HIGHER LIKELIHOOD OF THREE RATE CUTS IN 2024
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It seems the Bank of Japan didn’t want to wait around for another test of the 160.00 handle. Following yesterday’s FOMC meeting, USD/JPY plunged in a very quick manner. Initially, I was skeptical of this being intervention related for a couple of reasons. The main one being that price hadn’t yet re-tested the 160.00 handle, which is what the BoJ had ...
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AUDUSD is recording another green candle as the market appears to be relieved that Fed Chairman Powell did not mention rate hikes as a viable policy option at Wednesday's press conference. AUDUSD is currently battling with the 50-day simple moving average (SMA) and possibly on its way to break the recent series of lower highs and lower lows. The bullish ...
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IC Markets, an acclaimed global online forex and CFD provider, has unveiled a new global campaign. Set against the adrenaline-fueled world of competitive car racing, where every second counts, IC Markets’ newest TV commercial draws a compelling parallel. It aligns the racetrack’s high-octane speed and precision with the ultra-fast trade execution that is a ...