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OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Federal Reserve issues FOMC statement
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The coronavirus outbreak is causing…
FX Enthralled by Oil Crash, Loonie Slumps, US…
Summary: FX took a breather, enthralled by the Oil price crash in spectacular fashion to unprecedented levels. A futures contract for US crude prices dropped more than 100%, turning negative for the first time in…
Minutes of the Federal Open Market Committee
A joint meeting of the Federal Open Market Committee and the Board of Governors was held by videoconference on Sunday, March 15, 2020, at 10:00 a.m.1 PRESENT: Jerome H. Powell, Chair John C. Williams, Vice…
Market’s Manic Monday Plunge – Worst Since GFC,…
Summary: The rapid spread of the coronavirus in the US and the world coupled with a 25% plunge in oil prices triggered by panic selling after a Saudi-Russia supply war erupted saw Wall Street suffer…
FX Cautious on Coronavirus Uncertainty, AUD, NZD Weak
Summary: The Dollar rebounded from two-week lows after the US 10-year treasury yield climbed back from all time lows at 1.30% to finish at 1.34%. Upbeat US New Home Sales data saw traders scale back…
U.S. Economic Outlook and Monetary Policy
Thank you for the opportunity to participate again this year in the Annual Economic Policy Conference of the National Association for Business Economics. I am really looking forward to this conversation. But first, I would…
COT Report: Specs Continue to Boost Euro Shorts,…
Summary: Steady buying in slow trade amidst a holiday in the US lifted the Dollar Index (USD/DXY) 0.04% to 99.17 (99.15 yesterday), its highest finish in 2020. The Euro ended little changed at 1.0835 not…
Semiannual Monetary Policy Report to the Congress
Chairwoman Waters, Ranking Member McHenry, and other members of the Committee, I am pleased to present the Federal Reserve's semiannual Monetary Policy Report. My colleagues and I strongly support the goals of maximum employment and price…