Forex News
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Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels. The Warren Buffett-led conglomerate posted an operating profit — which encompasses earnings from the company’s wholly owned businesses — that surged 39% to $11.22 billion from the year-earlier ...
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Friday night’s ZeroHedge Debate explored which is the superior asset: Gold or Bitcoin. Arguing in favor of Gold were investor Peter Schiff and NYU economist Nouriel Roubini, who went toe-to-toe with crypto proponents Erik Voorhees, a cryptocurrency entrepreneur and wealth manager Anthony Scaramucci. video Schiff made the case that Bitcoin cannot be a ...
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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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video The latest round of Gaza cease-fire talks ended in Cairo after “in-depth and serious discussions,” the Hamas militant group said Sunday, reiterating key demands that Israel again rejected. After earlier signs of progress, the outlook appeared to dim as Prime Minister Benjamin Netanyahu vowed to resist international pressure to halt the war. Israel ...
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Alvin Tan, head of Asia foreign exchange at RBC Capital Markets, explains why he thinks dollar-yen is likely to retest 160 again and probably go through it before year-end perhaps to 165.
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The team takes a look at the US economy, the Trump & interest rate situation, China / Singapore and the crypto news.
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The team takes a look at the US economy, the Trump & interest rate situation, China / Singapore and the crypto news.
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Global equity markets made solid gains on Friday. Weaker than expected US labour market data in conjunction with a soft services ISM pointed towards moderating economic activity, ...
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Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a ...
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video The latest round of Gaza cease-fire talks ended in Cairo after “in-depth and serious discussions,” the Hamas militant group said Sunday, reiterating key demands that ...
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Phillip Lane (Dublin, 1959) is one of the six members of the Executive Board of the European Central Bank , along with President Christine Lagarde and Vice President Luis de Guindos . Lane speaks softly and precisely. It is evident that he makes an effort to choose his words well, and not only because at the time of the interview given to El Confidencial, on April 30, there were only five weeks left until the next ECB monetary policy meeting, in which Everyone expects a drop in interest rates from the current 4.5% . It would be the first since December 2015. If it occurs, it will put an end to the stage of increases that began in July 2022, to contain inflation that worsened considerably after the Russian invasion of Ukraine in February of that year, but that had already been several months above the 2% target. Lane makes it clear that his level of confidence in a lowering of the price of money has increased in the last month and admits that it would be a surprise if this did not occur but he also sends other messages. Although he rejects any specific comm post: LANE FROM ECB: APRIL SLOWDOWN IN SERVICES INFLATION MARKS SIGNIFICANT PROGRESS post: ECB'S LANE: CONFIDENCE ON INFLATION IMPROVING post: ECB'S LANE: EXAGGERATING IMPACT OF ECB, FED DIVERGENCE NOT NECESSARY post: ECB'S LANE: FED DECISIONS HAVE LIMITED IMPACT ON EURO AREA
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China's service economy expanded moderately in the opening month of the second quarter of 2024. Faster new business growth, the quickest in nearly a year, supported the latest ...
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Loonie Downturn: On Friday, the Canadian Dollar (CAD) experienced a widespread decline despite disappointing US Nonfarm Payrolls (NFP) and wage data, causing it to plummet after an initial uptick. Given the absence of significant economic data in Canada until Tuesday, the Canadian Dollar was vulnerable to broader market dynamics. Poor US data failing to ...
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It was a big week for GBP/USD as the pair finally put in some strength above the 1.2500 psychological level. With the Fed still sounding somewhat dovish, GBP/USD could be one of the more attractive majors for scenarios of USD-weakness. GBP/JPY finally finished off the gap from 2008, which ran all the way up to the 198.08 level. As trading opened for the ...
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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 ...