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Federal prosecutors have unsealed an indictment in Central Islip, New York, charging seven individuals with orchestrating a multi-state conspiracy to defraud the United States of over $600 million by filing more than 8,000 fraudulent tax returns. The scheme exploited COVID-19-related employment tax credit programs designed to assist businesses…

The dollar eased off gains early yesterday only to claw some of that back late on in US trading. The move was helped by a slight bounce in Treasury yields, though stocks were upbeat as usual. Overall, this puts EUR/USD back close to 1.0400 and GBP/USD snapping its…

There is arguably just one to take note of on the day, as highlighted in bold. That being for EUR/USD at the 1.0400 level once again. The larger expiries there is likely to keep price action more locked in around the figure level in the session ahead at…

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Here is the summary of reports coming out: Nasdaq’s official X (formerly Twitter) account was hacked and used to promote a fraudulent memecoin called STONKS. The hacker falsely linked a fake X account as a Nasdaq affiliate and retweeted a post about the token, which had been created…

Japanese inflation data is due at 2330 GMT (1830 US Eastern time) on Thursday, January 23, 2025 (which is Friday morning, Japan time). Japan experienced a more or less steady increase in consumer prices over H2 of 2024, with a notable uptick in November. July 2024: The core…

Late news: Bank of Japan monetary policy board member Nakamura is attending the meeting by telephone. The BoJ says Nakamura is recovering from a possible infection. *** OK, on with the post! *** The Bank of Japan raised rates in March 2024, ending its negative interest rate policy…