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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A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of responsibility for missing the trades. Kavish Kataria, who was dismissed from the bank’s Delta One desk last year, said the profits and losses on his trades were reported on a daily basis to ...
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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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There are multiple reasons to suggest that the US is in a state of decline as an empire. A widening wealth gap. Ongoing cultural issues including racism, violent crime, and drug addiction. Failing infrastructure. And - perhaps worst of all - partisan politics that completely gridlock effective governing. However, for all the problems, and despite its many ...
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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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Israel’s military on Monday said it has begun evacuating Palestinians from parts of Gaza’s southern city of Rafah, ahead of an expected military operation where roughly half of the enclave’s entire population is sheltering. “For your safety, the IDF appeals to you evacuate immediately to the expanded humanitarian area in Al-Mawasi,” Avichay Adraee, the ...
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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 ...
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There are multiple reasons to suggest that the US is in a state of decline as an empire. A widening wealth gap. Ongoing cultural issues including racism, violent crime, and drug ...
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post: BIDEN AND NETANYAHU TO SPEAK ABOUT RAFAH LATER TODAY - AXIOS.
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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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The number of unemployed people registered in the offices of the State Public Employment Service (SEPE) at the end of April was reduced by 60,503 people (-2.22%) compared to the ...
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USDJPY has rebounded from its 0.786 retracement at 151.75. The strength indicator RSI is still showing positive sentiment with no divergence. That is a strong suggesting USDJPY is to rebound higher. An RSI close back above 60 threshold will confirm the bullish rebound picture. A bullish move over the next couple of weeks to the 0.618 retracement at 157.05 ...
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The Aussie dollar rallied during the early hours on Friday to show signs of strength as we reached the 0.6650 level. The 0.6650 level is an area that's had massive resistance multiple times in the past. Therefore, it's not a huge surprise to see that we have pulled back from there. The jobs number in the United States came in lower than anticipated and I ...
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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 ...