USD/JPY Takes a Dive: Central Bank Actions Cause Market Turmoil Description: Once again this looks very much like intervention from the Bank of Japan. They’ve chosen right after the US close to hit it this time. I wonder if they are aware that this makes them look very weak indeed.
Breaking Down the Numbers: Atlanta Fed’s GDPNow Q2 Growth Estimate Drops to 3.3% Description The Atlanta Fed GDPNow growth estimate for Q2 growth moved to 3.3% from 3.9% in its inaugural model value. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the
Breaking News: Biden Administration Takes Major Action to Ease Student Loan Burden! Description: Biden Administration’s Major Step in Student Loan Relief $6.1 Billion Approved: Nearly 317,000 borrowers of the Art Institute benefit from debt relief for the period between January 2004 and October 2017. Misleading Practices Exposed: Art Institutes and
Shiba’s Exchange Balances Plummet: Over 6 Trillion Shib Withdrawn! Shiba’s Exchange Balances Drop: 6 Trillion SHIB Withdrawn Exchange Balance Drop: SHIB tokens on exchanges decreased from 146.67 to 140.66 trillion, potentially easing selling pressure. Market Value Decline: Despite the reduced exchange balance, SHIB’s value fell by 25.34% over 30 days
Breaking Down the Latest US Manufacturing PMI: A Closer Look at April’s Final Numbers Description: Prelim was 49.9, Prior was 51.9. The ISM manufacturing report is due at the top of the hour. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said: “Business conditions stagnated in April, failing
Breaking Down the Latest US April ADP Employment Report: Surpassing Expectations with 192k Jobs Added! Prior was +184K (revised to 208K) According to the latest US April ADP Employment Report, the economy added a total of 192,000 jobs, surpassing expectations. This figure is an improvement from the previous report, which
Breaking News: UK Chancellor Sparks Debate with FCA Over Controversial ‘Name and Shame’ Policy in Forex Industry The United Kingdom’s Chancellor Jeremy Hunt has openly criticized the Financial Conduct Authority’s (FCA) proposed plan to publicly disclose the names of companies under investigation at an earlier stage. The chancellor’s intervention highlights
The Dangers of Clones: Malta’s Regulator Issues Warning Against Fraudulent Documents and Emails in the Forex Industry Description The financial market regulator in Malta has become the latest to face impersonation by fraudsters. In an announcement yesterday (Tuesday), the Malta Financial Services Authority (MFSA) alerted that fraudsters are impersonating regulatory
Bitcoin’s Battle: Will it Break Below the Crucial $58,000 Support Level? Description: The cryptocurrency is facing a tough end to April trading and an even rougher start to May trading. The halving has come and gone and it looks like support from a technical perspective is as well. Bitcoin is
RBNZ Sounds the Alarm: Inflation and Market Volatility Pose Ongoing Risks Description RBNZ the decline in global inflation from previously elevated levels. At the same time, financial markets are currently anticipating lower policy rates over the next year. However, “there remains a risk that new or persistent inflation pressures could
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