Forex News
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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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Stephen Ross, the billionaire real-estate magnate, is gearing up for the Miami Grand Prix this weekend—and he has no plans to give up the Formula 1 event anytime soon. Ross recently turned down a $10 billion offer to take over his sports enterprise, which includes the grand prix, the Miami Dolphins, and Hard Rock Stadium, USA Today reported on Wednesday. ...
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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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Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in social assistance, and in transportation and warehousing. This news release presents statistics from two monthly surveys. The household survey ...
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Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. Nonfarm payrolls are expected to show a gain of 240,000 for the month, according to the Dow Jones consensus that also sees the unemployment rate holding steady at 3.8%. If that top-line number is accurate, it actually ...
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Economic activity in the services sector contracted in April for the first time since December 2022, ending a period of 15 consecutive months of growth, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 49.4 percent; it indicated sector expansion in 45 of the previous 47 months. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In April, the Services PMI® registered 49.4 percent, 2 percentage points lower than March's reading of 51.4 percent. The composite index indicated contraction in April after 15 consecutive months of growth since a reading of 49 percent in December 2022, the first contraction since May 2020 (45.4 percent). The Business Activity Index registered 50.9 percent in April, which is 6.5 percentage points lower than the 57.4 percent recorded in March. The New Orders Index ex post: US ISM Services Index Apr: 49.4 (est 52.0; prev 51.4) - Prices Paid: 59.2 (est 55.0; prev 53.4) - Employment: 49.5 (est 49.0; prev 48.5) - New Orders: 52.2 (est 54.5; prev 54.4)
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Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. Nonfarm payrolls are expected to show a ...
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Seth Harris, Burnes Center for Social Change Senior Fellow at Northeastern University, discusses the current status of the economy and the labor market ahead of the April Jobs ...
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Event risk from NFP and thin market liquidity are key reasons to stay on another intervention alert on JPY. There is also no major US data next week, which could mean any ...
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Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job ...
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In March 2024, the euro area seasonally-adjusted unemployment rate was 6.5%, stable compared with February 2024 and down from 6.6% in March 2023. The EU unemployment rate was 6.0% ...
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In March 2024, output decreased over a month in the manufacturing industry (‑0.5% after +1.0% in February 2024) and in the whole industry (‑0.3% after +0.2%). In March 2024, ...
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The Australian dollar initially tried to rally during the trading session on Thursday to break above the 50-Day EMA, only to turn around and show signs of negativity. Ultimately, this is a market that I think is trying to settle into some type of short-term range to get ahead of the nonfarm payroll announcement. Remember, this is a pair that has been ...
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The pound-dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is signaling positivity. Bitcoin gained 0.9% against the dollar in the last session. However, the ROC is giving a negative signal, indicating potential downward movement. The oil-dollar price remained largely unchanged in the last session. Despite this, the ...
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IC Markets, an acclaimed global online forex and CFD provider, has unveiled a new global campaign. Set against the adrenaline-fueled world of competitive car racing, where every second counts, IC Markets’ newest TV commercial draws a compelling parallel. It aligns the racetrack’s high-octane speed and precision with the ultra-fast trade execution that is a ...