Forex News
Managing Risks Beyond Baseline Scenarios: Insights from ECB’s Panetta
ECB’s Panetta: Must manage risks beyond baseline scenarios The Situation Speaking today, ECB Governing Council member Fabio Panetta noted that the current macroeconomic conditions support “normalization of the monetary stance.” He added that ECB initiated this process recently and, under the “baseline scenario,” intends to continue it “gradually and smoothly.” However, Panetta cautioned that the…
Unleash Your Inner Sherlock: The Wild World of YouTube Deepfakes and Cryptocurrency Scams with Elon Musk
Welcome to the Dark Side of Deepfake: The YouTube Elon Musk Cryptocurrency Scam What Happened? If you recently stumbled upon a YouTube livestream featuring what appeared to be Elon Musk promoting a cryptocurrency, you may have fallen victim to the latest deepfake scam. This elaborate scheme involved an AI-generated version of the Tesla CEO luring…
Uncovering the Truth: Fertoz’s Greenwashing Infringements Result in $37,560 Payout
Uncovering the Truth: Fertoz’s Greenwashing Infringements Result in $37,560 Payout The Deception Unveiled Recently, a financial watchdog brought to light some concerning information regarding Fertoz, a company known for supplying regenerative phosphate and organic fertilisers in Australia and North America. It was revealed that Fertoz had been making deceptive statements regarding its reforestation initiative in…
Say Goodbye to Copy Trading and Stablecoins: Binance Puts the Brakes on EU Users with MICA’s Arrival
European Binance Users Face Restrictions A Sudden Change for Cryptocurrency Traders European Binance users logging into their mobile app on Wednesday were greeted with an unsettling message indicating that certain services were no longer available in their region. This sudden change comes as new cryptocurrency regulations on the Old Continent officially take effect at the…
Bybit Takes the Lead: Surpassing Coinbase in Crypto Trading Market Share
Bybit Surpasses Coinbase as Second-Largest Crypto Exchange Recent Report Shows Bybit’s Remarkable Growth Bybit has made waves in the cryptocurrency world by surpassing Coinbase to become the second-largest exchange in terms of volume. A recent report published by Kaiko highlighted Bybit’s impressive growth, placing it just behind Binance in market dominance. This news comes as…
RBA’s Kent Urges Vigilance Against Inflation Risks: Recent Data Reinforce Need for Caution
Reserve Bank of Australia Assistant Gov Kent: Range of measures shows monetary policy is restrictive RBA’s Kent: Policy contributing to slower growth of demand, lower inflation RBA’s Kent: Recent data reinforced need to be vigilant to upside inflation risks In a recent statement, Reserve Bank of Australia Assistant Governor Kent highlighted that the range of…
Unleash the Power of the Aussie: A Closer Look at the Highly Anticipated CPI Data Release at 2:30 AM BST/9:30 PM ET
What Aussie CPI Data Means for May Implications for Consumers The Australian Consumer Price Index (CPI) data for May is set to be released at 02:30 BST, and the results could have significant implications for consumers. Some analysts are predicting that the monthly measure of headline inflation will remain flat due to seasonal discounts on…
Canadian Inflation Re-Heats: A Recap of Today’s FX News from Forexlive
Canada May CPI 2.9% versus 2.6% expected US June consumer confidence 100.4 vs 100.0 expected Richmond Fed June manufacturing index -10 vs 2 expected Fed’s Cook: Current policy is well positioned, attentive to inflation expectations Shares of Fedex jump as 2025 guidance lowers capex, highlights cost savings Shares of Nvidia surge nearly 7% to lead…