AlexanderCollins
Fed's Waller takes a cautious stance on rate cuts in 2024
Federal Reserve governor Chris Waller expressed on Wednesday evening that he does not feel a sense of urgency to reduce interest rates, despite the presence of higher inflation figures during the initial two months of the year. Waller expressed his disappointment with the latest inflation numbers, s
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Japan’s Hayashi: Won't rule out any options against excessive currency moves
Japan’s Chief Cabinet Secretary Yishimasa Hayashi said on Thursday, he “won't rule out any options against excessive currency moves.” On Wednesday, Hayashi said that he is “closely watching FX moves.” Related reads Japanese Yen edges lower against USD, languishes near Wednesday’s 34-year low BoJ’s S
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Americans' Economic Confidence Improves From Fall
Americans' view of the U.S. economy remains negative but improved in 2024 from last year, according to Gallup's Economic Confidence Index. The Index is at -20 in March, similar to the -22 found in February but sharply higher than the readings near -50 measured last fall. The index is currently at it
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Silver Price Analysis: XAG/USD languishes near two-week low, seems vulnerable to slide further
Silver drops to a two-week low on Wednesday, albeit manages to hold above the 38.2% Fibo. The mixed technical setup warrants some caution before positioning for any further downfall. Any attempted recovery might confront a stiff barrier and remain capped near the $25.00 mark. Silver (XAG/USD) oscill
BOE's Mann: Market expects excessive interest rate cuts this year
Catherine Mann, a policymaker at the Bank of England, expressed the view that financial markets have incorporated an excessive number of anticipated interest rate cuts for this year. She also stated that it is improbable for the UK to take action before the US Federal Reserve. Furthermore, she highl
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Japan's finance chief may take action to counter the weakening yen
Japanese Finance Minister Shunichi Suzuki stated on Tuesday that he remains open to considering all possible actions to address the yen depreciation. Suzuki expressed that a depreciated yen has both advantageous and disadvantageous economic impacts, but excessive instability creates uncertainty for
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Swiss Franc gets boost from safe-haven demand
The Swiss Franc has found its feet after investors turn risk averse on Monday morning. The launch of an EU probe into big tech giants' practices and renewed attacks on Kyiv are unsettling markets. USD/CHF reaches an upside target and pulls back. The Swiss Franc (CHF) edges higher on Monday as increa
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Pull-up Update