Forex News
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From channelnewsasia.com|9 hr agoHong Kong is keeping its sights trained on the “concert economy” this year as the financial hub looks to woo back tourists and stimulate a slowing economy. Tourism authorities are hopeful a soon-to-open multi-purpose venue will inject added impetus to efforts, helping the city become a “prime location” for hosting large-scale pop concerts. Secretary for ...
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From cnbc.com|Jan 7, 2025|5 commentsWhen Shoji Morimoto was fired from his office job in 2018, his superior had criticized him for lacking initiative and “not doing anything” of value for the company. Joke’s on him, because Morimoto, now 41, has since spun a lucrative career out of doing nothing. Known as the rental “do nothing” guy in Japan, Morimoto’s day job involves loaning himself out to ...
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From tradeciety.com|21 hr agoTrendlines can be great trading tools if used correctly and in this post, I am going to share three powerful trendline strategies with you. But first, keep in mind the two most important concepts when it comes to drawing and using trendlines: 1. A confirmed trendline has 3 touchpoints You can always connect any two random points on your charts but only if ...
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From cnbc.com|7 hr ago|4 commentsTech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most likely not find $2 trillion in savings, backtracking on a goal he set earlier as co-head of a new advisory body, the Department of Government Efficiency, or DOGE. Musk told political strategist Mark Penn in an interview broadcast on ...
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From dailyforex.com|9 hr ago|5 commentsIt's worth noting that the British pound has pierced the 1.2350 level. Breaking down below there is a very negative turn of events, but we have held on to that order to show signs of resiliency. Ten-year yields in America continue to spike, and that, of course, continues to drive the value of the U.S. dollar higher. With that being the case, and the fact ...
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From bostonfed.org|6 hr agoTakeaways 1. As we begin the new year, “the economy is in a good place overall.” “Inflation is down significantly from its 2022 peak,” and data continue to point to a gradual, if uneven, trajectory back to the Fed’s 2 percent target. This has been accomplished with a labor market that has stayed healthy “as unsustainably hot job-market conditions from two years ago cooled in an orderly way.” 2. By describing the economy as in a good place overall, Collins is not declaring victory – and in fact sees “considerable uncertainty accompanying my baseline outlook.” “While inflation is down significantly, it is still above target; and its decline has been slower and bumpier” than anticipated. Collins described multiple types of uncertainty – including “noisy” measurement of key economic variables, unusual features of the post-pandemic economy, and possible future policy changes and geopolitical developments. post: BOSTON FED'S COLLINS/NAIOP: LESS WORRIED NOW ABOUT JOBS MKT FRAGILITY; BROADLY AGREE WITH S.E.P. OUTLOOK ON TWO 2025 RATE CUTS #Collins #FederalReserve #economy post: BOSTON FED'S COLLINS/NAIOP: RESTRICTIVE POLICY STANCE STILL NEEDED; 2025 INFLATION TO RUN 'SOMEWHAT HIGHER' THAN ORIGINALLY THOUGHT #Collins #FederalReserve #economy post: BOSTON FED'S COLLINS/NAIOP: 'NO PRESET PATH' FOR POLICY; FED WELL POSITIONED TO ADJUST TO WHATEVER NEEDS TO BE DONE; NEED 'GRADUALISM' #Collins #FederalReserve #economy
- From cnbc.com|7 hr ago|4 comments
Tech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most likely not find $2 trillion in savings, backtracking ...
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From marctomarket.com|8 hr agoThe US dollar is mostly firmer today. Among the G10 currencies, strong wage data and softer US 10-year yield is helping the yen defy the dollar's tug. It is up almost 0.2%. On the ...
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From bnnbloomberg.ca|7 hr agoFederal Reserve Bank of Boston President Susan Collins said she favors fewer rate cuts in 2025 than she had anticipated just a few months ago, following strong employment data and ...
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From edition.cnn.com|32 hr ago|46 commentsPresident-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a large swath of universal tariffs on allies and ...
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From challengergray.com|7 hr agoU.S.-based employers announced 38,792 cuts in December, a 33% decrease from the 57,727 cuts announced one month prior. It is up 11% from the 34,817 cuts announced in the last ...
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From philadelphiafed.org|6 hr agoGood morning, everyone, and Happy New Year! My thanks to the leadership of the New Jersey Chapter for the invitation to start not just my day, but also my year with you. And I want to give a special thanks to my fellow South Jerseyan Rick Mroz for that warm introduction. I must pause to recognize that as we are gathered here our nation is preparing to bid farewell to former President Jimmy Carter. In fact, at this time, President Carter is on his final trip from the Capitol to Washington National Cathedral for his funeral. His life was one dedicated to service — to public service but even more so to serving people. What a tremendous legacy. It is a distinct pleasure to be with you all this morning to give you my insights and thoughts on current economic conditions and, as best I can, where I think we may be heading. But even more, I am looking forward to having a conversation with you. So, I intend to keep my remarks relatively brief so we can get to the fireside chat with Rick and then open the forum to your questions. post: PHILLY FED'S HARKER/NACD: 'STILL SEE US ON A DOWNWARD POLICY RATE PATH' IN 2025; PACE DATA DEPENDENT #Harker #FederalReserve #economy post: PHILLY FED'S HARKER/NACD: INFLATION STILL HEADING FOR 2%; GDP GROWTH SUSTAINED, LABOR MKT STABLE, CONSUMER SPENDING RESILIENT #Harker #FederalReserve #economy post: PHILLY FED'S HARKER/NACD: INFLATION 'HAS PROVEN TO BE A LITTLE BUMPY;' TAKING LONGER TO GET BACK TO TARGET THAN ANTICIPATED #Harker #FederalReserve #economy
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From cityindex.com|2 hr 36 min agoEUR/USD is testing below the 1.0300 level as of this writing and there’s also a trendline of note sitting just below, which connects last week’s and this Wednesday’s swing-low as sellers have, so far, been unable to test the 1.0200 Fibonacci level sitting just below recently-established two-year-lows in the pair. On a longer-term basis this is a tough move ...
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From forex.com|4 hr agoThe Australian Dollar is threatening a sixth consecutive weekly decline with AUD/USD trading into key support into the start of the year. Battle lines drawn on the AUD/USD weekly technical chart ahead Non-Farm Payrolls. Technical Outlook: In last month’s Australian Dollar Technical Forecast we noted that AUD/USD was, “threatening a break of multi-year ...
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From financemagnates.com|59 min agoeasyMarkets, a leading CFD and Forex broker, is proud to announce that it has been recognised as “Best Fixed Spread Forex Broker” at the 2024 SmartVision Investment Summit in Egypt. This new achievement highlights the company’s ongoing commitment to providing traders with transparent, reliable and innovative trading solutions, including its signature tight ...