Forex News
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China landed an uncrewed spacecraft on the far side of the moon on Sunday (Jun 2), overcoming a key hurdle in its landmark mission to retrieve the world's first rock and soil samples from the dark lunar hemisphere. The landing elevates China's space power status in a global rush to the moon, where countries including the United States are hoping to exploit ...
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A Tesla shareholder filed a lawsuit on Thursday (May 30) accusing CEO Elon Musk of insider trading when he sold over US$7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the lawsuit ...
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Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: chart Wages grow ...
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WTI Crude Oil: chart The West Texas Intermediate Crude Oil market has been all over the place during the trading week, and even sold off quite violently on Friday. However, we remain in the same general vicinity that we have been in for a while, and I think at this point we are more likely than not to continue to see a lot of volatility and of course a ...
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The unpredictable pendulum of sentiment in foreign exchange markets is starting to swing back the other way against the mighty US dollar, as recent US economic data (and revisions of previously announced data) prints almost universally on the softer side. The weaker data always brings forward the timing of US interest rate cuts and thus depreciates the USD. ...
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Two interest rate moves are up for decision this week, US jobs data for May, Chinese trade data (also for May), and Australian economic growth for the first quarter. Additionally, the start-of-the-month surveys of global manufacturing are underway. China’s official survey showed a surprise dip in manufacturing and service sector activity on Friday. The Bank ...
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Two interest rate moves are up for decision this week, US jobs data for May, Chinese trade data (also for May), and Australian economic growth for the first quarter. Additionally, ...
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The unpredictable pendulum of sentiment in foreign exchange markets is starting to swing back the other way against the mighty US dollar, as recent US economic data (and revisions ...
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The pandemic housing boom means Americans have more home equity than ever. Households have added roughly $12 trillion in home equity since the end of 2019: chart To put this ...
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Business conditions in the Chinese manufacturing sector improved at a more pronounced rate midway into the second quarter of 2024. Production growth accelerated amid rising new ...
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Claudia Sheinbaum is set to become Mexico’s first female leader in a landslide victory, capitalizing on outgoing President Andres Manuel Lopez Obrador’s popularity while also ...
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The health of Japan's manufacturing economy improved for the first time in a year during May, reflecting another round of job creation, a renewed increase in pre-production ...
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EURCHF has been in a steady recovery since late December, attempting to erase its massive 2021-2023 downtrend. Last week, the pair surged to a fresh 14-month peak of 0.9928, but quickly retraced lower until the 50-day simple moving average (SMA) curbed its retreat. If the recent weakness persists, the pair could violate the 50-day SMA and challenge the ...
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The oil-dollar pair fell by 0.7% in the last session after gaining as much as 1.1% during the session. The RSI is giving a negative signal. The AUD/USD price remained largely unchanged in the last session. The ROC is giving a negative signal. The EUR/USD price remained largely unchanged in the last session. The Stochastic RSI is giving a positive signal. ...
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HFM, one of the biggest brokers regulated by the South African authorities and a global broker of choice, has been honored with the ‘Best Copy Trading Broker Award’ at FMAS:24 in recognition of their reinvented Copy Trading program and market leading trading conditions. Copy Trading, HFM’s innovative copy trading feature, transcends geographical boundaries ...