Diamond News Archives
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Jerome Powell, Chairman of the Federal Reserve System, will be delivering his remarks on the monetary policy[1] outlook at a press conference following the two-day meeting of the Board of Governors. Powell's speech today (January 29th, 2020) will start at 19:30 GMT.
When is the Fed interest rate decision[2] and how could it affect EUR/USD?
The Fed is expected to keep the Fed Funds rate unchanged at the 1.50 - 1.75% range. After cutting interest rates three times in a row, market participants see no change for the second consecutive meeting. Members of the Federal Open Market Committee (FOMC) consider, at least until today, the current stance of monetary policy as “appropriate”.
USD/JPY hits fresh lows[3] under 109.00 ahead of the FOMC.
The USD/JPY pair dropped to 108.96, reaching a fresh daily low but then rebounded rising back to the 109.15 area. Prices across financial markets are moving sideways, as market participants await the outcome of the FOMC meeting.
Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028....
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The World Health Organization is holding its third press briefing Wednesday to discuss the flu-like coronavirus that has now killed at least 132 people[1] and infected more than 6,150 people in dozens of countries around the world.
WHO was expected last week to announce whether the new virus was a global health emergency[2] but officials said they postponed its decision[3] to gather more data.
Executive director of WHO Health Emergencies Program Dr. Michael Ryan and head of WHO's Emerging Diseases and Zoonosis unit Dr. Maria Van Kerkhove are scheduled to speak.
Local authorities in China have quarantined the city of Wuhan, the epicenter of the outbreak, and a number of other major cities in the country.
CDC officials said Monday[4] that the number of "patients under investigation" in the U.S. has almost doubled since last week to 110 across 26 states. There remains just five confirmed cases of the coronavirus in the U.S. and the disease is not spreading through human-to-human contact in the U.S. However, German officials confirmed Tuesday what is believed to be one of the first person-to-person transmissions of the infection outside of China.
WHO doesn't enact the emergencies lightly, health experts say. The last time WHO declared a global health emergency was in 2019 for the Ebola outbreak in eastern Congo that killed more than 2,000 people. The agency also declared global emergencies for the 2016 Zika virus, the 2009 H1N1 swine flu and the 2014 polio and Ebola outbreaks.
One of the criteria used to determine whether the coronavirus...
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(IDEX Online) - De Beers Group Industry Services is collaborating with RDI Diamonds Inc., in NY to provide the diamond wholesaler's grading reports for its Rare and Forever diamonds. De Beers Group Industry Services will also offer educational activities and sales training to RDI.
"We were humbled to be approached by the De Beers Group Industry Services for such an important opportunity: introducing the United States to this grading report," said Michael Indelicato, CEO of RDI Diamonds.
"We have been blown away by the integration of unparalleled technology to ensure consistent and accurate grading. These grading reports are going to be a game-changer here in the States, and we are excited to be a premier partner."
"We are so pleased to see companies like RDI Diamonds taking measures to ensure their customers can be confident the diamonds they are buying are accurately represented on the grading reports," said Jonathan Kendall, president of De Beers Group Industry Services.
De Beers Group Industry Services (formerly known as the International Institute of Diamond Grading & Research) develops industry-leading verification instruments by working alongside De Beers Group Technology....
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![[https://m.wsj.net/video/20200125/012520parnas/012520parnas_167x94.jpg]](https://m.wsj.net/video/20200125/012520parnas/012520parnas_167x94.jpg)
The Federal Reserve Bank of New York added $84.7 billion in fresh liquidity to money markets on Tuesday, but overall temporary money added to the financial system by the central bank held steady.
The Fed implemented a $55.75 billion overnight repurchase agreement, or repo, operation, and a $28.95 billion 14-day day repo operation. In both operations eligible banks, called primary dealers, took less liquidity than the Fed was willing to offer. Tallying the Fed’s latest additions and what was expiring from older repo interventions... ...
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A black swan event is a term used on Wall Street that refers to a rare and unpredictable occurrence that is beyond what is expected and has severe consequences. It's derived from European explorers who had previously thought that all swans were white and only white, as that was all they knew. They were overcome with shock and confusion when Dutch explorer Willem de Vlamingh discovered the existence of black swans in Australia.
The coronavirus is a black swan event, which may have serious consequences for your job, the stock market and global economy.
The United States economy has been strong with record-setting high levels of employment. The stock market has rebounded incredibly since the financial crisis, increasing the net worth of many Americans.
Historically, when the stock market goes relatively straight up, there is an expectation of a correction somewhere down the road. A correction is about a 5 to 10% drop in value of stocks. It's viewed as necessary, like clearing out the dead brush in a forest to prevent a future fire. Even the wisest minds on Wall Street admit that they can’t anticipate where the next correction will come from and what damage it may bring. It now seems that the coronavirus is that black swan event.
The coronavirus is a large family of viruses, which include severe acute respiratory syndrome. An outbreak of a new coronavirus[1] that began in Wuhan, a city in China with roughly 11 million people, and has already contributed to the deaths of at least 81 people in China. The virus has spread throughout China and other countries, including...