Forex News
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Sam Bankman-Fried has swapped crypto for a new kind of currency behind bars: bags of rice. The disgraced FTX founder has been jailed at Brooklyn’s Metropolitan Detention Center as he waits to be transferred to a federal prison to serve a 25-year sentence. Bankman-Fried was convicted for wire fraud, money laundering and conspiracy last year. The 32-year-old ...
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Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine at his secretive firm, Renaissance Technologies, has died. He was 86. He died today in New York City, according to his charitable foundation, which didn’t cite a cause. In turning from academia to investing as he entered his 40s, Simons ...
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When the yield curve flattens and eventually inverts, you worry. But it’s when a recession hits, the Fed cuts rates and the curve steepens that you become s**t scared. Yield curve dynamics represent a crucial macro variable, as they inform us on today’s borrowing conditions and on the market future expectations for growth and inflation. An inverted yield ...
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Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday. Additionally, consumers are bracing for even higher price increases in the year ahead compared to readings from prior months, the survey found. The gauge, which is closely tracked ...
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Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly declines. In April, employment rose among core-aged men (25 to 54 years old) (+41,000; +0.6%) and women (+27,000; +0.4%) as well as for male youth aged 15 to 24 (+39,000; +2.8%). There ...
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post: FED'S LOGAN: IT IS TOO EARLY TO THINK ABOUT CUTTING RATES. post: FED'S LOGAN: THERE ARE UNCERTAINTIES IF POLICY IS SUFFICIENTLY RESTRICTIVE. post: FED'S LOGAN: IT IS NOT A SOFT LANDING YET. post: FED'S LOGAN: I STILL SEE GOOD REASONS WHY INFLATION WILL HIT 2%. post: FED'S LOGAN: THE NEUTRAL INTEREST RATE LEVEL MAY HAVE RISEN.
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After years of China being Germany’s main trading partner, the U.S. looks like it’s quietly taking that top spot as the year progresses. Combined exports and imports between ...
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China urged the U.S. to create an enabling environment for bilateral relations and cooperation across various fields, noting that the generalization of the concept of national ...
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Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday. ...
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Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly ...
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post: FED'S LOGAN: IT IS TOO EARLY TO THINK ABOUT CUTTING RATES. post: FED'S LOGAN: THERE ARE UNCERTAINTIES IF POLICY IS SUFFICIENTLY RESTRICTIVE. post: FED'S LOGAN: IT IS NOT A SOFT LANDING YET. post: FED'S LOGAN: I STILL SEE GOOD REASONS WHY INFLATION WILL HIT 2%. post: FED'S LOGAN: THE NEUTRAL INTEREST RATE LEVEL MAY HAVE RISEN.
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It was a strong week for the stock market as equities continued their incline from the week before, after the Fed sounded dovish and NFP printed below-expectations. The US Dollar has so far shown a gain on the week but it’s moderate and likely a symptom of the 105.00 support level that was in-play on Monday. The big focus for next week is the US CPI report ...
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Main scenario: consider long positions from corrections above the level of 1.2453 with a target of 1.2821 – 1.3000. Alternative scenario: breakout and consolidation below the level of 1.2453 will allow the pair to continue declining to the levels of 1.2294 – 1.2033. Analysis: the first wave of larger degree (1) is presumably formed, a correction developed ...
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Dear Traders, As part of our commitment to providing the best trading experience to our customers, we want to inform you of upgrades to our cTrader Servers on Sunday, 12 May 2024. During the upgrade, the cTrader backend and associate services may be unavailable for a short period, according to the times below: • Start Date and Time: Sunday, 12 May 2024 ...