Forex News
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The Australian and New Zealand governments announced Tuesday they were sending planes to evacuate their nationals from violence-wracked New Caledonia. Australian Foreign Minister Penny Wong confirmed Australia had received clearance from French authorities for two flights to evacuate citizens and other tourists from New Caledonia amid violent unrest that ...
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In the first - but certainly not last - major shake up at a key US financial regulator under the Biden admin, Federal Deposit Insurance Corp. Chairman Martin Gruenberg bowed to pressure to resign from the bank regulator after an external investigation found widespread sexual harassment at the agency and lawmakers of both parties berated his leadership, ...
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Technical analysts use the Relative Strength Index (RSI) as a momentum indicator. In order to determine whether a security’s price is overvalued or undervalued, it analyses the rate and magnitude of recent price fluctuations. Developed by J. Welles Wilder Jr., the RSI is represented as an oscillator on a scale from zero to 100. It was first published in his ...
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Members began their discussion of international economic conditions by noting that the risks to global growth had become more balanced over prior weeks. While national accounts measures of growth in most advanced economies had remained weak, some forward-looking indicators had been more positive. The United States was the exception, where growth had been ...
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Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly open.
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San Francisco Fed president Mary Daly told Axios on Friday that it's not clear whether inflation is definitively receding and there is no "urgency" to adjust interest rates. Why it matters: Inflation cooled for the first time in 2024 last month, relieving economists that progress might not have stalled out. But one month of data has not convinced Fed officials that price pressures are evaporating in a way that puts near-term interest rates back on the table. What they're saying: "Fortunately, policy is in a very good place. We are in what I call the ready position," Daly told Axios at the University of San Francisco. "We can adjust policy as we need to." • Earlier this month, the Fed acknowledged signs that progress on inflation had stalled. That's raised questions about whether decades-high interest rates might need to be pushed up further to wrestle inflation down. post: FED'S DALY: I AM NOT YET CONFIDENT INFLATION COMING DOWN SUSTAINABLY TO 2%. post: FED'S DALY: I EXPECT IMPROVEMENT IN SHELTER INFLATION, JUST NOT RAPIDLY.
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The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank ...
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UK policy rate decision scheduled for 20 June will be influenced by two upcoming inflation reports. Current consensus and market pricing indicate a 60% probability of a rate cut. ...
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My long-standing skepticism about survey data has reached the point where I feel compelled to comment on the current state of the art. While it is always risky to ignore broad, ...
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Members began their discussion of international economic conditions by noting that the risks to global growth had become more balanced over prior weeks. While national accounts ...
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San Francisco Fed president Mary Daly told Axios on Friday that it's not clear whether inflation is definitively receding and there is no "urgency" to adjust interest rates. Why it matters: Inflation cooled for the first time in 2024 last month, relieving economists that progress might not have stalled out. But one month of data has not convinced Fed officials that price pressures are evaporating in a way that puts near-term interest rates back on the table. What they're saying: "Fortunately, policy is in a very good place. We are in what I call the ready position," Daly told Axios at the University of San Francisco. "We can adjust policy as we need to." • Earlier this month, the Fed acknowledged signs that progress on inflation had stalled. That's raised questions about whether decades-high interest rates might need to be pushed up further to wrestle inflation down. post: FED'S DALY: I AM NOT YET CONFIDENT INFLATION COMING DOWN SUSTAINABLY TO 2%. post: FED'S DALY: I EXPECT IMPROVEMENT IN SHELTER INFLATION, JUST NOT RAPIDLY.
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post: Japan's FinMin Suzuki: At This Point Concerned About Negative Aspects Of Weak Yen - Closely Watching FX Moves - Excessive Forex Volatility Undesirable - Will Deal Appropriately As Needed On Forex
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The US dollar index crept higher alongside US yields on Monday ahead of Wednesday’s FOMC minutes, which saw AUD/USD form a bearish outside day after another false break of 67c NZD/USD also formed a bearish outside day, USD/JPY and USD/CHF rose for a third day – although the moves appear to be more on the general flow of markets as opposed to being driven by ...
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The Bank of Japan (BoJ) could influence buyer demand for the USD/JPY on Tuesday (May 21). Speculation continues to grow about a June BoJ interest rate hike. However, on Monday (May 20), the USD/JPY extended its winning streak to three sessions. Interest rate differentials remain firmly in favor of the US dollar despite the expectations of the BoJ and Fed ...
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MyFlashFunding has confirmed that a large number of its traders have been faced with delayed payouts from the retail prop trading firm. We had reported a few weeks ago that MyFlashFunding was removed from prop trading comparison site Propfirmmatch.com, with Propfirmmatch reporting that many clients had been informing of denied payouts and adjusted client ...