Forex News
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Romania’s Mugur Isarescu, the world’s longest-serving central bank governor, is poised to be confirmed for a new five-year term as lawmakers seek a vote on the extension by the end of June. Isarescu took over the leadership of the National Bank of Romania in 1990, less than a year after the collapse of Nicolae Ceausescu’s communist regime, and has served ...
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Daniel Farook Ali, former director of DanFX Trade Pty Ltd, has been sentenced in the Brisbane District Court to seven years and three months imprisonment for fraud, following an ASIC investigation. On 23 May 2024, Mr Ali pleaded guilty to five counts of fraud totalling $771,303 relating to his misappropriation of funds invested for trading and investment ...
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It’s well known that currencies are closely linked to interest rates movements. The reason of this relationship is pretty simple: higher interest rates tend to attract foreign investment, increasing the demand and value of the currency. On the other hand, lower interest rates tend to be less attractive for foreign investment and decrease the currency's ...
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The dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that markets are looking to for guidance on the global interest rate outlook. Currency moves were largely subdued in early Asia hours after a quiet overnight session due to holidays in ...
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UN Security Council diplomats said Algeria requested an emergency meeting after a deadly Israeli strike on southern Gaza. UN chief Antonio Guterres condemned the strike amid an international outcry. Separately, Spain, Ireland and Norway are set to formally recognize an independent Palestinian state. Spain, Ireland and Norway to recognize Palestinian state ...
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post: FED'S BOWMAN: FOMC WOULD HAVE BENEFITED FROM EARLIER DECISION TO TAPER AND END QE IN 2021; WOULD HAVE ALLOWED EARLIER RATE HIKES post: FED'S BOWMAN: IN FUTURE, WHEN FED CONDUCTS QE TO RESTORE MARKET FUNCTIONING OR FINANCIAL STABILITY IT SHOULD COMMUNICATE THAT PURCHASES WILL BE TEMPORARY AND UNWOUND WHEN MARKET CONDITIONS HAVE NORMALIZED post: FED'S BOWMAN: IMPORTANT TO COMMUNICATE ANY CHANGE TO RUN-OFF RATE DO NOT REFLECT A CHANGE IN FED'S MONETARY POLICY STANCE post: FED'S BOWMAN: IMPORTANT TO KEEP REDUCING BALANCE SHEET SIZE TO REACH AMPLE RESERVES AS SOON AS POSSIBLE AND WHILE ECONOMY IS STRONG post: FED'S BOWMAN SAYS SHE WOULD HAVE SUPPORTED EITHER WAITING TO SLOW QT PACE OR A MORE TAPERED SLOWING IN BALANCE SHEET RUN OFF 28 MAY 2024 10:25:00 AM -
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The dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that ...
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Japan’s service prices rose at the fastest clip in over 30 years in a sign of a broadening inflation trend that supports the case for the Bank of Japan to raise interest rates. ...
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UN Security Council diplomats said Algeria requested an emergency meeting after a deadly Israeli strike on southern Gaza. UN chief Antonio Guterres condemned the strike amid an ...
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post: MESTER: NO COMMENT ON ECONOMIC OUTLOOK OR INTEREST RATES post: MESTER URGES FOR INCREASED TRANSPARENCY IN FED STATEMENTS AND PROJECTIONS post: MESTER: FED CAN IMPROVE COMMUNICATION WITH THE PUBLIC
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post: * #FED 'S KASHKARI SPEAKS IN CNBC INTERVIEW *KASHKARI: INFLATION HAS MOVED SIDEWAYS RECENTLY *KASHKARI: NEED TO WAIT AND SEE, GET MORE CONFIDENCE ON PRICES *KASHKARI: SHOULDN'T RULE ANYTHING OUT ON POLICY PATH *KASHKARI: FED IN GOOD POSITION BECAUSE OF STRONG LABOR MARKET
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post: FED'S BOWMAN: FOMC WOULD HAVE BENEFITED FROM EARLIER DECISION TO TAPER AND END QE IN 2021; WOULD HAVE ALLOWED EARLIER RATE HIKES post: FED'S BOWMAN: IN FUTURE, WHEN FED CONDUCTS QE TO RESTORE MARKET FUNCTIONING OR FINANCIAL STABILITY IT SHOULD COMMUNICATE THAT PURCHASES WILL BE TEMPORARY AND UNWOUND WHEN MARKET CONDITIONS HAVE NORMALIZED post: FED'S BOWMAN: IMPORTANT TO COMMUNICATE ANY CHANGE TO RUN-OFF RATE DO NOT REFLECT A CHANGE IN FED'S MONETARY POLICY STANCE post: FED'S BOWMAN: IMPORTANT TO KEEP REDUCING BALANCE SHEET SIZE TO REACH AMPLE RESERVES AS SOON AS POSSIBLE AND WHILE ECONOMY IS STRONG post: FED'S BOWMAN SAYS SHE WOULD HAVE SUPPORTED EITHER WAITING TO SLOW QT PACE OR A MORE TAPERED SLOWING IN BALANCE SHEET RUN OFF 28 MAY 2024 10:25:00 AM -
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The Canadian Dollar (CAD) was mixed on Monday, climbing against the US Dollar (USD) thanks to a quiet US market session. US markets are dark for the Memorial Day holiday, leaving CAD traders to twist in the breeze and await meaningful data prints. Canada has little of note on the economic calendar early this week, and the release schedule is littered with ...
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Since our last analysis, the EUR/CHF cross pair has staged a minor corrective slide and almost hit the support zone of 0.9540/9470 as highlighted. It printed an intraday low of 0.9565 on 19 April, staged a bullish reversal, and rallied by 3.8% (365 pips) in the next four weeks to hit the current 52-week high of 0.9930 seen today at this time of the writing. ...
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IG Securities, the Japanese subsidiary of electronic trading major IG Group, has raised margins for Turkish lira (TRY) instruments. The changes, which were implemented on May 24, 2024, reflect the current market environment. IG has raised the maintenance margin rate for new positions in Turkish Lira-related pairs (TRY/JPY, CHF/TRY, EUR/TRY, USD/TRY, ...