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Australian Dollar Outlook: Commodities Dominate AUD

by on March 7, 2022 0
The Australian dollar gained ground last week as turbulence from the Russian invasion of Ukraine rippled through markets. While central banks and underlying fundamentals still have a role to play, the bigger picture could see capital flows dominate the AUD. Trade data released during the week came in better than expected at AUD 12.9... Read More

USDJPY pulls back on news of Russian troops

by on February 14, 2022 0
JPY The pair is trading in the mid-range but off session highs as markets resume movement USDJPY falls below 100 hour MA the USDJPY USD/JPY USD/JPY is the currency pair comprising the United States dollar (symbol $, code USD) and the Japanese yen from Japan (symbol ¥, code JPY). The pair’s rate indicates how... Read More

EU Says Stablecoin Bill Coming in March

by on February 11, 2022 0
The Chinese digital yuan may be the biggest central bank digital currency (CBDC), but a digital euro is coming. European Union Commissioner for Financial Services Mairead McGuinness announced plans on Feb. 9 to introduce a bill creating a digital euro next year, according to Politico. Based on current experiences, this means that an EU... Read More

S&P 500 rises after Amazon earnings, jobs report

by on February 4, 2022 0
The S&P 500 and Nasdaq Composite rose on Friday, pushing major stock indexes to weekly gains, after a better-than-expected January jobs report showed the economy continues to grow solidly. The tech-focused Nasdaq Composite jumped 219.19 points, or 1.6%, to end at 14098.01, a day after the index posted its biggest loss since September 2020.... Read More

CBDC: Fed notes downsides of digital coins

by on January 28, 2022 0
This week in Central Bank Digital Currencies (CDBC), the Federal Reserve is issuing a warning about a national digital currency, as Japan and Iran show more interest. Additionally, Russia is testing the digital ruble while its finance ministry says cryptocurrency should be regulated, not banned. Fed report notes disadvantages of CDBC While the US... Read More

German 10-year bond yield is trading in positive territory

by on January 19, 2022 0
Outgoing Finance Minister and new German Minister Chancellor Olaf Scholz delivers a speech during the handover ceremony with his successor at the German Federal Ministry of Finance in Berlin, Germany, December 9, 2021. Tobie Schwarz | Reuters Borrowing costs for the German government continued their ascent on Wednesday, with the benchmark 10-year Bund yield... Read More

The inflation challenge for central banks

by on January 16, 2022 0
idea room There is still considerable uncertainty about the trajectory of the Covid-19 pandemic and its effects on the global economy. Inflation has recently increased around the world and many central banks around the world will raise their key rates to stabilize inflation in 2022, says Dr. Murat Ungor. GDP fluctuations to date during... Read More

FOREX-Dollar Falls After US Jobs Report

by on January 7, 2022 0
(Add details, update prices; change signature, date; previous LONDON) By Chuck Mikolajczak NEW YORK, Jan. 7 (Reuters) – The US dollar edged down against a basket of major currencies on Friday on the heels of December’s jobs report that fell short of expectations. The dollar index weakened after the Labor Department said non-farm payrolls... Read More

Fed rate view clears outlook for European bank stocks

by on January 6, 2022 0
The headquarters of the European Central Bank (ECB) is seen at sunset in Frankfurt, Germany on January 5, 2022. REUTERS / Kai Pfaffenbach Register now for FREE and unlimited access to Register European bank stocks at their highest for more than three years Bank shares jumped 70% in one year until November 2021... Read More

The path of least resistance is lower

by on December 25, 2021 0
Technical signals remain bearish for the euro The euro suffered significant losses against the US dollar in 2021. Although trading was volatile and largely directionless for the first five months of the year, the decline was relentless from June. The exchange rate fell from ~ 1.2250 to ~ 1.1200 as the ECB remained relatively... Read More

Stocks fall as hawkish central bank tilt upsets markets

by on December 17, 2021 0
A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage house in Tokyo, Japan, September 21, 2021. REUTERS / Kim Kyung-Hoon Register now for FREE and unlimited access to Register Stocks slide in all regions, oil prices fall The BoJ takes... Read More

In word and deed, China loosens economic policy

by on December 10, 2021 0
BFR BERNANKE, the former chairman of the US Federal Reserve, entitled his memoir “The Courage to Act”. But a lot of what central bankers do these days is talk. They talk about what they are doing, doing and could do. In the central bank, words can speak louder than stocks. Listen to this story... Read More

Central banks are stuck in a “mirror room”

by on November 20, 2021 0
Pharmaceutical companies have patent portfolios, great power navies have aircraft carriers, and central banks have their “canonical” econometric models. Browned and refined over decades, the canonical models (all quite similar to each other) are proof, especially for central bankers themselves, that their decisions are based on a coherent philosophy. The profession does not want... Read More

FOREX-Dollar declines with Fed policy decision in sight

by on November 1, 2021 0
* Chart: Global exchange rates (add analyst comment, update prices) By John McCrank NEW YORK, Nov. 1 (Reuters) – The dollar eased against its main rivals on Monday, after posting its biggest daily rise in more than four months in the previous session, as traders position ahead of the highly anticipated meeting of... Read More

Why currency volatility could make a comeback

by on October 30, 2021 0
October 30, 2021 FOREIGN-EXCHANGE the markets were once a hotbed of lively speculative activity. But today traders looking for an adrenaline rush should look to assets like cryptocurrencies instead. Barring a brief surge at the start of the pandemic – and isolated events in the Turkish lira – currency markets have been silent. Macro-trading... Read More

Towards green balance sheets for central banks

by on October 28, 2021 0
In 2020, the Bank of England (BoE) became the first central bank to disclose climate risks associated with its monetary portfolio. In a report, the UKThe central bank has taken stock of its climate-related financial risks in all of its operations, including how it manages them. There is now no doubt among central bankers... Read More

The only way is to go up: business leaders warn about prices

by on October 21, 2021 0
Adds details on CBI, AutoNation, SouthWestern and Unilever investigation Unilever warns prices will continue to rise next year Randstad says labor shortages will persist for years UK manufacturers have been increasing their prices more and more since 1980 October 21 (Reuters) – For central bankers grappling with whether inflationary pressures are transient, industry leaders... Read More

Stable currency is vital, says Japanese finance minister, as yen drops to 3-year low By Reuters

by on October 15, 2021 0
© Reuters. FILE PHOTO: New Japanese Finance Minister Shunichi Suzuki wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, speaks at a press conference in Tokyo, Japan, on October 5, 2021. REUTERS / Kim Kyung-Hoon By Tetsushi Kajimoto TOKYO (Reuters) – Monetary stability is “very important” and the Japanese government will carefully consider... Read More

Does anyone really understand inflation?

by on October 7, 2021 0
October 9, 2021 FOR ECONOMICAL the writing – a genre stylistically closer to computer textbooks than to literature – a discussion paper recently released on the Federal Reserve’s website is a blessed relief. Jeremy Rudd, a Fed researcher, includes quotes from William Butler Yeats and Dashiell Hammett. He uses phrases such as “cranky nonsense”... Read More

Dollar surges ahead of Jobs ADP post by

by on October 6, 2021 0
© Reuters. By Peter Nurse – The dollar traded higher on Wednesday as the safe haven spurred on fears that higher energy prices could translate into higher inflation, prompting the Federal Reserve to tighten monetary policy quickly . At 3:05 am ET (0705 GMT), the Dollar Index, which tracks the greenback against a... Read More

The tough test of emerging markets | Financial Time

by on October 5, 2021 0
This article is an on-site version of the Unhedged newsletter. subscribe here Send the newsletter directly to your inbox on weekdays Hello. A hard day this Monday. Soaring energy prices seem to have caused one of our regular stagflation crises. Long-term growing “Faang” stocks were hit harder than the broader market, small-cap stocks fell... Read More

FX: Will risk appetite eclipse rate decisions and data?

by on October 4, 2021 0
Investors have started this busy trading week with concerns about how central bank policy will change in a broader recovery. They have fallen by more than 300 points and while these declines are often due to signs of economic weakness, potential policy changes in response to recoveries can also weigh on market sentiment. The... Read More

Business This Week | The Economist

by on October 1, 2021 0
October 2, 2021 Listen to this story Your browser does not support the item . Enjoy more audio and podcasts on ios Where Android. Janet Yellen, Secretary of the United States Treasury, has given her strongest warning yet on the potential consequences of not raising the federal rate debt limit, saying it would be... Read More

FOREX-Dollar at 2021 Highs Even as US Government Shutdown Looms

by on September 29, 2021 0
* Chart: Global exchange rates (Price updates) By Iain Withers LONDON, Sept. 29 (Reuters) – The dollar soared on Wednesday and peaked in 2021 against rival currencies, even as disputes in Washington over the US debt ceiling threatened to plunge the government into shutdown. The greenback – the global reserve currency seen as... Read More

Central Bank’s Digital Currencies Could Lower Costs of Cross-Border Payments and Speed ​​Transactions to Seconds, BIS Says | Currency News | Financial and business news

by on September 28, 2021 0
Banknotes around the world. Thomson reuters Digital fiat currencies could reduce costs and time associated with cross-border payments, the Bank for International Settlements said. The BIS presented the results of testing a prototype digital currency platform as part of the mCBDC Bridge project. The prototype showed that payment transactions could be completed in seconds... Read More

2 senior Fed officials resign after trading backlash

by on September 27, 2021 0
Following the controversy, Fed Chairman Jerome Powell pledged to tighten central bank ethics rules. In announcing his resignation, Kaplan said he “adheres to all of the Federal Reserve’s ethical standards and policies,” but added that he was leaving because “the recent emphasis on my financial disclosure may become a distraction. “for the political work... Read More

Stock market news: markets post gains despite volatility

by on September 26, 2021 0
Market indices: It was a volatile week, with big swings, but all 4 indices registered small gains. “Stocks fell on Monday, with major indices falling more than 2% during the worst times of the afternoon session, as investors nervously watched the potential ripple effects of a bank default. large Chinese real estate company, as... Read More

Latin America Inflation Threat Sparks More Hikes: Green Week

by on September 25, 2021 0
(Bloomberg) – Latin America’s fight against soaring consumer prices is expected to shift to a new front this week, with Colombia set to become the region’s fifth-largest economy under a targeting regime. inflation aimed at tightening monetary policy. Bloomberg’s Most Read Bogota’s central bank is almost certain to join its peers on Thursday and... Read More

Wall Street posts weekly gains as bond yields rise

by on September 24, 2021 0
Newsletter: Not covered The most important market trends and how the best minds on Wall Street are responding to them. Delivered every day of the week. Stocks on Wall Street faltered on Friday and public debt was liquidated as investors closely watched the ongoing Evergrande crisis and digest hawkish signals from several major central... Read More

Cryptocurrency Regulators Rush To Create First Major Rules

by on September 23, 2021 0
WASHINGTON – After being largely on the sidelines for years as cryptocurrency has gone from digital curiosity to a volatile but widely adopted innovation, federal regulators are rushing to address potential risks to consumers and financial markets. Their concerns only grew as new and established businesses rushed to find ways to profit from the... Read More

Central banks look to two-tier retail CBDC model amid disruption fears

by on September 23, 2021 0
Source: AdobeStock / pedrosala According to a recent report by an international risk assessment firm Moody’s. “Based on the existing and proposed pilot programs, the development of the CBDC is done in conjunction with the existing financial market infrastructure, the two-tier model,” the report said, adding: “Under this approach, banks and other financial intermediaries... Read More

Silver Price Forecast: Towards August Low?

by on September 16, 2021 0
Silver Price Outlook: As the yields of the US dollar and the US Treasury rise higher, silver prices have plunged. The latest batch of US economic data suggests the economy is overcoming concerns about delta variants, increasing the chances of a Fed cut announcement soon. Recent changes in sentimentsuggest that silver prices have a... Read More

FIXED-FOREX-Dollar weakens after loss of US payroll

by on September 3, 2021 0
(Corrects to show euro high of 1.1909, not 1.909) * Dollar falls after U.S. jobs miss * Euro strengthens ahead of ECB meeting next week * Yen shrugs off PM Suga's decision to step down * Graphic: World FX rates By Chuck Mikolajczak NEW YORK, Sept 3 (Reuters) - The dollar weakened further... Read More

Crypto Firms Want Access to Fed Payments Systems, Banks Are Resisting

by on August 28, 2021 0
WASHINGTON — Cryptocurrency companies want to tap into Federal Reserve payment systems that traditional banks use to move money quickly. The banks are retreating. The companies include Avanti Bank, which aims to provide custodial services to institutional investors in cryptocurrencies, and Kraken, a cryptocurrency exchange. They say direct access to the Fed’s payment systems... Read More

FOREX-Dollar Pauses After Biggest Weekly Rise In Two Months

by on August 23, 2021 0
* Chart: Global exchange rates By Saikat Chatterjee LONDON, Aug.23 (Reuters) – The US dollar slipped against rivals on Monday in a profit-taking after posting its biggest weekly gain in more than two months last week, fueled by concerns about the outlook for global growth. The main source of investor concern is the... Read More

Weekly Foreign Exchange Outlook

by on August 22, 2021 0
Major developments The FOMC minutes of the Federal Reserve’s July meeting released, indicate a willingness to start cutting asset purchases before the end of the year. The Eurozone consumer price index for July stood at 2.2% on an annual basis, reaching the flash estimate of 2.2%. Euro area GDP grew by 2% (tq) in... Read More