A contractor works on a house under construction at the Norton Commons subdivision in Louisville, Kentucky, U.S., on Monday, March 8, 2021. Luke Sharrett | Bloomberg | Getty Images A monthly index measuring homebuilder confidence in the single-family housing market fell, as builders face rising interest rates and rising costs for materials, especially lumber. The
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Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters FedEx reported better-than-expected profits and revenues in its most recent quarter after an “unprecedented” peak holiday shipping season, despite severe weather in February that “significantly impaired” operations
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USD/RUB drops and rebounds from the 73.70 region. The CBR hiked the key interest rate by 25 bps to 4.50%. Focus is now on the press conference by Governor E.Nabiullina. The Russian ruble reclaims some ground lost in past sessions and drags USD/RUB to the 74.00 region on Friday. USD/RUB now looks to CBR After
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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The BOE voted 9-0 to leave the Bank rate unchanged at 0.1%. It will also continue to buy up to 875B pound of UK government bonds and 20B pound of corporate debts. While  cautioning that the economic outlook remained highly uncertain, policymakers acknowledged the recent upbeat data, smooth vaccination progress and the latest budget package.
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The Federal Reserve building is pictured in Washington on Monday, March 8, 2021. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The Federal Reserve on Wednesday dialed up its economic growth expectations but signaled that there are no expected interest rate hikes for the next two years. The so-called dot plot projections budged little
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AUD/USD refreshes intraday low, drops for consecutive second day. Australia’s preliminary Retail Sales dropped 1.1% in February. Market sentiment consolidates ahead of BOJ, US-China jitters probe the optimists. Treasury yields step back from 14-month top, S&P 500 Futures print mild gains. AUD/USD stands on a slippery ground while refreshing the intraday low with 0.7740, down
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Trading on margin in the forex market can offer investors leverage, or control over a large amount of currency, which is potentially lucrative—but also risky. Watch this video to learn more about the role of margin in forex trading.
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