Forex News
-
A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank’s Additional Tier 1 (AT1) debt. As part of Credit Suisse’s emergency sale to UBS last year, which was orchestrated by the Swiss government, Swiss regulator Finma wiped out roughly $17 ...
-
Ahead of Pat Sajak’s final episode as the host of “Wheel of Fortune,” Vanna White paid an emotional tribute to her co-host of more than 40 years. On Thursday’s episode of the beloved game show, White honored Sajak’s work and their friendship with a video segment that featured clips and photos tracing their collaboration from the 1980s to the present. “As ...
-
A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures have been ...
-
As the saying goes, “There are lies, damn lies and statistics.” And on the first Friday of every month, the American public gets a ton of new statistics to peruse. That’s when the U.S. Bureau of Labor Statistics releases its latest jobs figures. Within minutes of the data drop, news organizations send out push alerts, pundits start opining, and the ...
-
A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank’s Additional Tier 1 (AT1) debt. As part of Credit Suisse’s emergency sale to UBS last year, which was orchestrated by the Swiss government, Swiss regulator Finma wiped out roughly $17 ...
-
The dollar hovered close to an eight-week low on Friday, ahead of a crucial U.S. jobs report that should provide clues on the timing of Federal Reserve interest rate cuts. The euro held on to overnight gains after the European Central Bank reduced rates in a well-telegraphed move, but offered few hints about future easing as lingering inflation clouds the ...
-
As the saying goes, “There are lies, damn lies and statistics.” And on the first Friday of every month, the American public gets a ton of new statistics to peruse. That’s when the ...
-
The dollar hovered close to an eight-week low on Friday, ahead of a crucial U.S. jobs report that should provide clues on the timing of Federal Reserve interest rate cuts. The ...
-
After yesterday's breathless Nvidia-led meltup, which saw the AI chipmaker surpass both $3 trillion in market cap and Apple's valuation, today's session was a boring affair by ...
-
post: Japan FinMin Suzuki: FX Intervention Should Be Used On Limited Basis - Need To Smooth Out Excessive FX Moves On Occasion - Watching Forex Moves Closely post: Japan FinMin Suzuki: Also Need To Think About Effectiveness Of Intervention - Not Thinking Of Fund Limit For FX Intervention
-
China's Trade Balance for May, in Chinese Yuan terms, came in at CNY586.40 billion, widening from the previous figure of CNY513.45 billion. Exports jumped by 11.2% YoY in May vs. ...
-
In the week ending June 1, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 8,000 from the previous week's revised level. The previous week's ...
-
The quotes of the USD/JPY currency pair continue to move as part of the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 156.31. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates ...
-
Thursday’s European Central Bank (ECB) rate decision and press conference failed to move the needle for the EURUSD, but traders don’t have to wait long for more volatility. Watch today’s video for my thoughts on today’s post-ECB price action from the EURUSD and DXY, plus get my thoughts on Friday’s non-farm payroll (NFP). The EURUSD rallied overnight ahead ...
-
"The business models used by firms engaged in prop trading (technically funded trader services) can take various forms, some of which may be subject to the MiFID regulatory framework,” the Czech National Bank told Finance Magnates exclusively. In this context, It's worth mentioning that one of the top prop trading companies, FTMO, is domiciled in the Czech ...