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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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 expected. Citing recent data on consumer and producer prices, Waller told CNBC that the data is showing inflation in the Fed’s preferred measure is running below 1.8% over the past ...
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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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On Wednesday, September 18, 2024, I dissented from the Federal Open Market Committee's (FOMC) decision to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent. As the Committee's post-meeting statement notes, I preferred to lower the target range for the federal funds rate by 1/4 percentage point to 5 to 5-1/4 percent. Given the progress we have seen since the middle of 2023 on both lowering inflation and cooling the labor market, I agree that at this meeting it was appropriate to recalibrate the level of the federal funds rate and begin the process of moving toward a more neutral policy stance. In my view, however, a smaller first move in this process would have been a preferable action. The U.S. Economy Remains Strong The U.S. economy remains strong, with solid underlying growth in economic activity and a labor market near full employment. Although hiring appears to have softened, layoffs remain low. I see the normalization in labor market conditions as necessary to help bring wage growth down to a pace consistent with 2 percent inflation given trend productivity growth. My reading of labor market data has become more uncertain due to increased measurement challenges and the inherent difficulty in assessing the effects of recent immigration flows. I am also taking signal from continued solid growth in the spending data, especially consumer spending, reflecting a healthy labor market. Despite Progress, Inflation Remains a Concern Inflation remains above our 2 percent goal, as core personal consumption expenditures prices are still rising faster than 2.5 percent from 12 months earlier. Higher prices have an outsized impact on lower- and moderate-income households. Accomplishing our mission of returning to low and stable inflation at our 2 percent goal is necessary to foster a strong labor market and an economy that works for everyone in the longer term. post: FED'S BOWMAN ON HER DISSENT: I AGREED IT WAS APPROPRIATE AT THIS MEETING TO RECALIBRATE THE FED FUNDS RATE LEVEL, BUT I PREFERRED A SMALLER FIRST MOVE. post: FED'S BOWMAN: I SEE RISK THAT THE FOMC'S LARGER POLICY ACTION COULD BE INTERPRETED AS A PREMATURE DECLARATION OF VICTORY ON INFLATION.
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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 ...