Australia Appoints Bruce Preston as Part-Time Member of RBA Monetary Policy Board
Bruce Preston has been named as a part-time member of the Reserve Bank of Australia's Monetary Policy Board. His appointment is expected to contribute to the board's decisions on Australia's monetary policy. This development is relevant for financial markets monitoring central bank policy shifts.
USD/JPY the USD Macro Driver as EUR/JPY, GBP/JPY Pull Back
The beauty of price action is that it's objective. While headlines and ‘reasons' and fundamentals can often shift impact the thing that matters most, the item that runs through stops or causes margin calls, simply ‘is what it is.
NY Fed Desk to Conduct $53.4B in Reinvestment and Reserve Management Purchases
The New York Federal Reserve Desk announced plans to execute approximately $13.4 billion in reinvestment purchases alongside an additional $40 billion in reserve management purchases from February 13 to March 12. These operations aim to manage liquidity and support monetary policy implementation.
Pound to Dollar Price Forecast: GBP Steady Despite Soft UK GDP
The Pound to Dollar exchange rate held steady on Thursday, with GBP/USD hovering near the mid-1.36s despite softer UK growth figures, as improved risk appetite curbed US Dollar demand. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.3608 (-0.11%)Euro to Dollar (EUR/USD): 1.18593 (-0.13%)Dollar to Japanese Yen (USD/JPY): 152.8235.
Gold plunges despite falling US yields and solid US jobs data
Gold plunges despite falling US yields and solid US jobs data
German Chancellor Merz Aligns with France on Market Protection but Opposes Joint Eurobonds
German Chancellor Merz agrees with France on the importance of safeguarding European markets against unfair trading practices but does not support the issuance of joint Eurobonds. This stance highlights differing views on financial integration within the EU.
Pound to New Zealand Dollar Price News, Forecast: NZ Business Data in Spotlight
The Pound to New Zealand Dollar exchange rate fell to a six-month low on Thursday after weaker-than-expected UK growth data weighed on Sterling, pushing GBP/NZD towards the mid-2.24s. Latest — Exchange Rates:Pound to New Zealand Dollar (GBP/NZD): 2.25755 (+0.22%)Euro to New Zealand Dollar (EUR/NZD): 1.96745 (+0.2%)New Zealand Dollar to.
Germany's Merz Advocates for Global Competitiveness and Energy Market Integration in EU
Germany's Merz emphasizes the need for European champions to compete globally and highlights plans to discuss energy infrastructure at the upcoming March summit. He supports integrating energy into the EU single market and calls for adjustments to the Emissions Trading System (ETS) to better serve its purpose.
German Chancellor Merz Emphasizes Need to Counter Unfair Trade Practices Without European Protectionism
German Chancellor Merz stated that while Europe does not aim for protectionism, it must have the ability to respond effectively to unfair trade practices. His comments highlight a balanced approach to safeguarding European economic interests in the global market.
British Pound Forecast: GBP/USD Coils Below Resistance- Breakout to Set the Trend
GBP/USD is consolidating just beneath a resistance zone after a strong advance from the January lows. The recent pullback has been measured, with price action stabilizing above structural support levels rather than accelerating lower.