Forex News
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Daniel Farook Ali, former director of DanFX Trade Pty Ltd, has been sentenced in the Brisbane District Court to seven years and three months imprisonment for fraud, following an ASIC investigation. On 23 May 2024, Mr Ali pleaded guilty to five counts of fraud totalling $771,303 relating to his misappropriation of funds invested for trading and investment ...
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A recent move by the Federal Reserve to grant a little-known bank access to its vast lending and credit facilities is sparking questions about possible conflicts of interest and favoritism at the nation’s central bank, FOX Business has learned. Numisma, a small bank based in Greenwich, Connecticut, received conditional approval for a so-called master ...
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Since 1980, there have been 383 extreme weather or climate disasters where the damages reached at least $1 billion. In total, these disasters have cost more than $2.7 trillion. Created in partnership with the National Public Utilities Council, this chart shows how these disasters have been increasing with each passing decade. A Growing Concern: The U.S. ...
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The Bank of Japan (BOJ) will proceed cautiously with inflation-targeting frameworks, Governor Kazuo Ueda said on Monday, noting that some challenges are “uniquely difficult” for Japan after years of ultra-easy monetary policy. In an opening speech to a BOJ-hosted conference in Tokyo on central banking, Ueda said Japan has “made progress in moving away from ...
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The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist Philip Lane. “The best way to frame the debate this year is that we still need to be restrictive all year long,” Lane told the Financial Times in an interview published Monday. ...
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post: #NorthKorea has fired a missile per #Japan . The emergency J-alert system has been activated. pic.twitter.com/XggMo8tIYU post: [Emergency alert lifted] The suspected ballistic missile from North Korea is not expected to reach Japan.
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The Bank of Japan (BOJ) will proceed cautiously with inflation-targeting frameworks, Governor Kazuo Ueda said on Monday, noting that some challenges are “uniquely difficult” for ...
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Japan, South Korea and China confirmed the importance of North Korean denuclearization Monday at a trilateral summit held hours after Pyongyang announced a plan to launch a ...
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The entire world economy is at risk from a glut of cheap Chinese exports, France’s Finance Minister Bruno Le Maire said in tandem with a barrage of joint criticism from the Group ...
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The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist ...
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The aim of this speech is to examine inflation in the euro area. In the next section, I review the various inflation indicators tracked by the ECB. Subsequently, I discuss the implications for monetary policy. Chart 1 shows the evolution of headline and core inflation since 2019. Let me focus on the disinflation patterns since August 2023 (the month immediately prior to our last rate hike at our September monetary policy meeting). Inflation declined from 5.2 per cent last August to 2.4 percent in April, while core inflation decreased from 5.3 per cent in August to 2.7 per cent in April. Chart 2 shows the relative contributions of the major categories: energy; food; goods; and services. Services inflation now accounts for the vast bulk of the overall inflation rate. In turn, this reflects the non-uniform dynamics: while the other categories have seen major declines, with the April data indicating energy inflation running at -0.6 per cent, food inflation at 2.8 per cent and goods inflation at 0.9 per cent, services inflation was still elevated at 3.7 per cent. post: ECB'S LANE: JUNE RATE CUT APPROPRIATE IF INFLATION OULOOK HOLDS post: ECB’s Lane: Inflation Expected To 'Bounce Around The Current Level' Over The Coming Months post: ECB’S LANE: THE OVERALL MESSAGE ON WAGES IS BUMPY. THERE IS SOME DECELERATION, BUT IT IS FAIRLY SLOW.
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post: #NorthKorea has fired a missile per #Japan . The emergency J-alert system has been activated. pic.twitter.com/XggMo8tIYU post: [Emergency alert lifted] The suspected ballistic missile from North Korea is not expected to reach Japan.
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EURUSD had been in a steady advance following its 2024 bottom of 1.0600 on April 16. However, the pair reversed lower after its rejection at a fresh two-month high of 1.0894 in mid-May, with the price finding strong support just above its long-term downward sloping trendline. Should the latest uptick gain momentum, the price might revisit the recent ...
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Just seven days after the Florida-based SurgeTrader announced that Match-Trade Technologies had terminated its license, the prop trading firm has decided to cease operations. It appears that SurgeTrader was cut off from alternative platforms that could have allowed it to continue serving retail traders. SurgeTrader announced that it has definitively ended ...