Forex News
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SpaceX boss Elon Musk is alleged to have had sex with a woman who was an intern at the rocket company, when she was still at university, before hiring her to a senior role years later and trying to embark on a relationship. The allegation is one of a number about Mr Musk’s advances towards and consensual sexual encounters with staff members which have been ...
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As Roaring Kitty continues to watch his favorite GameStop shares swing wildly, he might be contemplating what to do with his massive options position that is approaching expiration. The meme stock champion, whose real name is Keith Gill, has so far held onto his positions of 5 million GameStop common shares and 120,000 call options, according to a ...
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Now that the general theme of central banks has moved towards cutting, some have been able to do so sooner than others. Two of the majors, the Fed and the BOE, are seen as the most hesitant. Analysts suggest they might not get around to cutting until September. The main reason being cited for both is the labor market. For the Fed, it makes sense that the ...
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post: MORE FED'S POWELL Q&A: IN HOUSING, FOUND THERE ARE 'BIT LAGS' IN DATA THAT MAY TAKE 'SEVERAL YEARS' BEFORE IMPROVEMENTS SHOW UP #Powell #FOMC #FederalReserve post: MORE FED'S POWELL Q&A: CREDIT CARD DEFAULTS GOING UP BUT NOT AT HIGH LEVEL; HOUSEHOLD IN PRETTY GOOD SHAPE BUT NOT AS GOOD AS LAST COUPLE YEARS #Powell #FOMC #FederalReserve post: POWELL: IF WE SEE UNEMPLOYMENT MORE THAN WE FORECAST, WE WOULD VIEW THAT AS UNEXPECTED WEAKENING post: Fed’s Powell: For Fed the dollar is “just another financial variable,” the currency has been strong but “we don’t think of it as benefitting or hurting the U.S.”
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The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year. With markets hoping for a more accommodative central bank, Federal Open Market Committee policymakers following their two-day meeting took two rate reductions off the table from the three indicated in March. The ...
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In trend terms, in May 2024: • Unemployment rate increased to 4.0%. • Participation rate remained at 66.7%. • Employment increased to 14,355,100. • Employment to population ratio remained at 64.1%. • Underemployment rate remained at 6.7%. • Monthly hours worked increased to 1,958 million. In seasonally adjusted terms, in May 2024: • Unemployment rate ...
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The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year. With markets hoping for a more ...
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Position adjustments ahead of today's US CPI and FOMC meeting are giving the dollar a modestly heavier tone today. Each of these events are typically a source of volatility in ...
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The euro zone’s underlying consumer price growth is proving stubborn, according to European Central Bank Governing Council member Joachim Nagel. Speaking at the International ...
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In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 11–12, 2024, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2024 to 2026 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The longer-run projections represent each participant’s assessment of the value to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. “Appropriate monetary policy” is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability. post: FED’S MEDIAN RATE FORECAST END-’24 AT 5.1%; PREV. 4.6% FED’S MEDIAN RATE FORECAST END-’25 AT 4.1%; PREV. 3.9% FED’S MEDIAN RATE FORECAST END-’26 AT 3.1%; PREV. 3.1% FED’S MEDIAN RATE FORECAST LONGER-RUN AT 2.8%; PREV. 2.6% post: FED POLICYMAKERS SEE END-2024 PCE INFLATION AT 2.6% VERSUS 2.4% IN MARCH PROJECTION; CORE SEEN AT 2.8% VERSUS 2.6% post: FED OFFICIALS RAISE 2024 INFLATION FORECAST TO 2.6%, UP FROM 2.4% IN MARCH FORECAST FED OFFICIALS SEE 4% UNEMPLOYMENT AT END OF 2024, UNCHANGED FROM MARCH FORECAST FED OFFICIALS SEE 2.1% GDP GROWTH IN 2024, UNCHANGED FROM MARCH FORECAST
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post: MORE FED'S POWELL Q&A: IN HOUSING, FOUND THERE ARE 'BIT LAGS' IN DATA THAT MAY TAKE 'SEVERAL YEARS' BEFORE IMPROVEMENTS SHOW UP #Powell #FOMC #FederalReserve post: MORE FED'S POWELL Q&A: CREDIT CARD DEFAULTS GOING UP BUT NOT AT HIGH LEVEL; HOUSEHOLD IN PRETTY GOOD SHAPE BUT NOT AS GOOD AS LAST COUPLE YEARS #Powell #FOMC #FederalReserve post: POWELL: IF WE SEE UNEMPLOYMENT MORE THAN WE FORECAST, WE WOULD VIEW THAT AS UNEXPECTED WEAKENING post: Fed’s Powell: For Fed the dollar is “just another financial variable,” the currency has been strong but “we don’t think of it as benefitting or hurting the U.S.”
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In trend terms, in May 2024: • Unemployment rate increased to 4.0%. • Participation rate remained at 66.7%. • Employment increased to 14,355,100. • Employment to population ratio ...
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GBP/JPY found a new 16-year high of 200.95 on Wednesday, with Guppy bidders shrugging off a steep miss in UK manufacturing activity as the Yen continues to weaken across the board. UK Manufacturing Production saw its sharpest drawdown since 2021, declining -1.4% MoM in April and completely missing the forecast -0.2% contraction from the previous month’s ...
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EURGBP opened with a significant bearish gap on Monday after the European elections on Sunday, sending the pair towards a fresh 22-month low of 0.8416. The pair is holding well below the medium-term trading range of 0.8495-0.8620, switching the outlook to negative. Technically, the RSI is standing in the oversold region, while the MACD is looking extremely ...
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JustMarkets' birthday celebration shines as one of the brightest highlights on the fintech arena. With 12 years of reliability, safety, and trust under its belt, the company has earned a leading place in the industry. And now, as the team celebrates another anniversary, there is no better time to present the new trading features they recently released, ...