Forex News
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It won’t be an ordinary “Monday Night Football” gameday for Buffalo Bills fans next week. Ahead of the team’s kickoff with the Jacksonville Jaguars on Monday, retail investors can put an order in for a municipal bond that will go toward financing construction of the Bills’ new stadium, which is scheduled to open in 2026, according to the team’s website. It ...
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Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts. Here’s a timeline of key events in the bread price-fixing ...
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The Evening Star pattern is a powerful bearish reversal pattern that signals a potential change in market direction from an uptrend to a downtrend. This classic candlestick formation is widely used by traders to predict trend reversals, especially after a sustained price rally on a higher timeframe. The Evening Star consists of three distinct candles: 1. ...
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post: Fed’s Waller on CNBC: “I think 50 really was the right number,” says inflation data during blackout “pushed me” towards favoring bigger move. post: FED'S WALLER: IF DATA COMES IN FINE, YOU COULD IMAGINE GOING 25 NEXT MEETING OR TWO. post: FED'S WALLER: WE COULD EVEN PAUSE, DEPENDING ON THE DATA. post: *WALLER: COULD CONSIDER 50BP CUT AGAIN IF JOB MARKET WORSENS post: Fed's Waller on future path on policy via CNBC: “There are scenarios in which you could do a number of things over the next couple of months…We are really data dependent."
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Around the world, digitalization is pulling economies in new directions. Artificial intelligence (AI)—and particularly its offspring, generative AI (GenAI)—are accelerating this pull. It’s still early days, but AI is already disrupting existing industries and creating new ones. How AI will affect the global economy—and indeed humanity—is on all our minds. It’s easy to find enthusiasts who say AI will take us to a land of plenty. But it’s also easy to find doomsayers who say we are headed for a bleak world with a few big winners and many more have-nots. Be wary of anyone who claims to know where AI will take us. There is too much uncertainty to be confident. We don’t know how quickly AI will continue to advance. And we don’t know the timing and extent of its economic and social impacts. But that doesn’t mean we can’t gain insights into what could happen. The past is still a useful starting point. The laws of economics still matter. People will still respond to incentives—and that includes prices. As central bankers, we care a lot about prices. It’s in our mandates to keep price inflation low and stable. post: BOC'S GOV. MACKLEM: IN THE NEAR TERM, ADOPTION OF ARTIFICIAL INTELLIGENCE COULD ADD TO INFLATIONARY PRESSURES.
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post: FED'S HARKER: THE FED HAS DONE A GOOD JOB NAVIGATING ECONOMY.The Federal Reserve: It’s More Than Just Interest Rates Thank you all for being here, it truly is a treat to be in the Big Easy. I must thank my old friend, and your current president, Mike Fitts, who helped set this event in motion. President Fitts and I go back a long way, when he was first Professor Fitts and then Dean Fitts at the University of Pennsylvania’s Carey School of Law and I was a professor and then dean of the Wharton School. His first year as president of Tulane overlapped with my last year as president of the University of Delaware. There are two things I must do at the outset. First, I must say the following: The views I express today are my own and do not necessarily reflect those of the Federal Reserve System or the Federal Open Market Committee (FOMC). That’s the standard Fed disclaimer. But I always boil it down to the following — when you’re recalling today’s discussion you can always say, “Pat said,” you cannot say “the Fed said.” And second, while we’re talking disclosure, I must admit that I’m not here in New Orleans only to speak with you today. My son and I already booked our trip to watch our Philadelphia Eagles take on the Saints at the Superdome. When I mentioned to President Fitts that I was coming down, he invited me to campus, and I readily accepted. So, while I recognize I may be in rival territory, I am certainly comforted by all the green I see on campus. I also think Riptide and Swoop the Eagle would be good friends. So don’t worry, I’ll be rooting for the Green Wave tomorrow against the Ragin’ Cajuns. And if anyone has a recommendation for a good place to watch the game, come see me after!
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Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling even faster than he had ...
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After more than six months of indicating that it lacked conviction regarding the path of inflation, the Federal Reserve (Fed) seems to have gotten a conviction boost so large that ...
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ECB President Christine Lagarde delivers the 2024 Michel Camdessus Central Banking Lecture, followed by a one-on-one conversation with IMF Chief Kristalina Georgieva.
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Around the world, digitalization is pulling economies in new directions. Artificial intelligence (AI)—and particularly its offspring, generative AI (GenAI)—are accelerating this pull. It’s still early days, but AI is already disrupting existing industries and creating new ones. How AI will affect the global economy—and indeed humanity—is on all our minds. It’s easy to find enthusiasts who say AI will take us to a land of plenty. But it’s also easy to find doomsayers who say we are headed for a bleak world with a few big winners and many more have-nots. Be wary of anyone who claims to know where AI will take us. There is too much uncertainty to be confident. We don’t know how quickly AI will continue to advance. And we don’t know the timing and extent of its economic and social impacts. But that doesn’t mean we can’t gain insights into what could happen. The past is still a useful starting point. The laws of economics still matter. People will still respond to incentives—and that includes prices. As central bankers, we care a lot about prices. It’s in our mandates to keep price inflation low and stable. post: BOC'S GOV. MACKLEM: IN THE NEAR TERM, ADOPTION OF ARTIFICIAL INTELLIGENCE COULD ADD TO INFLATIONARY PRESSURES.
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post: Fed’s Waller on CNBC: “I think 50 really was the right number,” says inflation data during blackout “pushed me” towards favoring bigger move. post: FED'S WALLER: IF DATA COMES IN FINE, YOU COULD IMAGINE GOING 25 NEXT MEETING OR TWO. post: FED'S WALLER: WE COULD EVEN PAUSE, DEPENDING ON THE DATA. post: *WALLER: COULD CONSIDER 50BP CUT AGAIN IF JOB MARKET WORSENS post: Fed's Waller on future path on policy via CNBC: “There are scenarios in which you could do a number of things over the next couple of months…We are really data dependent."
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post: BoJ Gov Ueda: Japan's Economy Is Recovering Moderately, Although Some Weakness Has Been Seen Uncertainties Surrounding Japan's Economy, Prices Remain High Must Pay Due Attention To Financial, FX Markets, Impact On Japan's Economy, Prices Will Keep Adjusting Degree Of Easing If… post: BoJ Gov Ueda: Recent Data Suggest We May Be Able To Raise Our Outlook On Underlying Inflation, But Overseas Trends Raise Uncertainties post: BOJ GOV UEDA: RAISED ASSESSMENT ON PRIVATE CONSUMPTION BECAUSE WAGES ARE GROWING post: BOJ GOV UEDA: **NO CHANGE TO OUR THINKING THAT WE WILL KEEP RAISING INTEREST RATES IF ECONOMY MOVES IN LINE WITH OUR OUTLOOK **NOT YET ABLE TO NARROW DOWN JAPAN'S ESTIMATED NEUTRAL INTEREST RATES post: BOJ GOV UEDA: WE'RE IN PHASE OF DEEPENING UNDERSTANDING ON NEUTRAL RATES WHILE WE CHECK IMPACT OF RATE HIKES ON ECONOMY
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It was a big week for USD headlines. It's been a slower week for price action, however, as bears weren't able to drive despite a fresh yearly low showing shortly after the rate cut announcement. But USD is a composite, with a 57.6% clip of Euro and a 13.6% allocation of JPY, so what we're seeing in DXY has quite a bit to do with what's showing in other ...
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USDCHF has been in a tight range within the 0.8400 region so far this week, remaining trapped below its 20-day simple moving average (SMA) and the resistance trendline from July near 0.8470. Despite the absence of strong bullish signals, the bullish divergence in the RSI and MACD remains a source of optimism for a positive reversal. Nonetheless, buyers ...
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TradeInformer understands that brokerage group CMC Markets is in the process of acquiring a license from the Bermuda Monetary Authority. The company had appointed Benjamin Charbonneau as its Head of Bermuda earlier this year. He is now the group’s Head of North America but appears to still be based in Hamilton, the capital of Bermuda. Despite offering a ...