Forex News
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Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels. The Warren Buffett-led conglomerate posted an operating profit — which encompasses earnings from the company’s wholly owned businesses — that surged 39% to $11.22 billion from the year-earlier ...
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Friday night’s ZeroHedge Debate explored which is the superior asset: Gold or Bitcoin. Arguing in favor of Gold were investor Peter Schiff and NYU economist Nouriel Roubini, who went toe-to-toe with crypto proponents Erik Voorhees, a cryptocurrency entrepreneur and wealth manager Anthony Scaramucci. video Schiff made the case that Bitcoin cannot be a ...
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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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USD/JPY tumbles to a fresh weekly low (151.87) following a weaker-than-expected US Non-Farm Payrolls (NFP) report, but the exchange rate may continue to hold above the April low (150.81) should it track the positive slope in the 50-Day SMA (151.91). US Dollar Forecast: USD/JPY Tests 50-Day SMA Following Soft NFP Report USD/JPY extends the decline following ...
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US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency. “I’m not going to comment on whether they did or didn’t intervene,” Yellen told reporters Saturday following a speech in Mesa, Arizona. “I think that that’s a rumor.” Still, she said ...
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Friday night’s ZeroHedge Debate explored which is the superior asset: Gold or Bitcoin. Arguing in favor of Gold were investor Peter Schiff and NYU economist Nouriel Roubini, who went toe-to-toe with crypto proponents Erik Voorhees, a cryptocurrency entrepreneur and wealth manager Anthony Scaramucci. video Schiff made the case that Bitcoin cannot be a ...
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Friday’s NFP was released with stock markets finely poised inside the range set on FOMC day, while the USD was trading at lows last traded on the 11th April. Expectations were for ...
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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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US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency. ...
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USD/JPY tumbles to a fresh weekly low (151.87) following a weaker-than-expected US Non-Farm Payrolls (NFP) report, but the exchange rate may continue to hold above the April low (150.81) should it track the positive slope in the 50-Day SMA (151.91). US Dollar Forecast: USD/JPY Tests 50-Day SMA Following Soft NFP Report USD/JPY extends the decline following ...
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Saxo Bank’s FX clients traded worth $4.1 billion daily in March, the lowest turnover since December 2021. The Danish multi-asset brokerage reported its total monthly FX volume for April 2024 at $99.3 billion, which is up 7.6 percent from $92.4 billion a month ago. However, this figure corresponds to a yearly decrease of 3 percent compared to $103 billion in ...