Author: Investor Empires
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FX Weekly Recap: October 7 – 11, 2024
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The forex markets saw many themes at play, including geopolitical developments, central bank commentary, and top tier economic releases. Safe-havens like the Swiss franc and Japanese yen outperformed, while the “risk-on” currencies rode a rollercoaster of broad risk sentiment headlines and individual country stories. USD Pairs Overlay of USD vs.…
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Over 52 Million ETH Bought At $2,300, Will Ethereum Bulls Defend This Support?
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This article is also available in Spanish. Ethereum is flat at press time, moving within a narrow range of $400 with caps at $2,300 on the lower end and $2,800 on the upper end. Despite investors’ optimism and their expectation of rising prices in the coming sessions, uncertainty is still…
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Israel’s fiscal deficit widens for 18th consecutive month
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Israel’s fiscal deficit has risen again for the 18th consecutive month, after reaching zero in March 2023. The deficit in the 12 months to the end of September this year reached 8.5% of GDP, or NIS 165.8 billion, the accountant said. General of the Ministry of Finance, Yali Rotenberg. I…
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Forexlive Americas FX news wrap: Canadian jobs beat but CAD down for eighth day
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Markets: Gold rose $26 to $2,655 The yield on US 10-year bonds fell by one basis point to 4.08%. West Texas Intermediate crude fell 30 cents to $75.56 The New Zealand dollar advances, and the Japanese yen lags The S&P 500 rose 0.7%, reaching a new record high Friday has…
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Bitcoin Whales Bought 1.5M BTC In The Past 6 Months: Smart Money Accumulation?
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Bitcoin is experiencing significant volatility and uncertainty after falling below the $60,000 level. This decline sparked mixed reactions among investors. Some view this as a potential bear trap, indicating that the price may rise soon, while others fear that the market may be heading towards a deeper correction. Despite the…
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Trump ratchets up rhetoric, calls for death penalty for migrants who kill Americans By Reuters
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Written by Ted Hesson, Nathan Frandino, and Christina Cook AURORA, Colorado (Reuters) – Donald Trump portrayed immigrants as dangerous criminals during a rally in Aurora, Colorado, on Friday and called for the death penalty for immigrants who kill American citizens, as he steps up the anti-immigration rhetoric that has fueled…
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Trump ratchets up rhetoric, calls for death penalty for migrants who kill Americans By Reuters
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Written by Ted Hesson, Nathan Frandino, and Christina Cook AURORA, Colorado (Reuters) – Donald Trump portrayed immigrants as dangerous criminals during a rally in Aurora, Colorado, on Friday and called for the death penalty for immigrants who kill American citizens, as he steps up the anti-immigration rhetoric that has fueled…
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Tesla’s robotaxi event was long on Musk promises. Investors wanted more details By Reuters
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Written by Chris Kirkham LOS ANGELES (Reuters) – For an entrepreneur who always struggles with broken promises, Elon Musk gave himself a to-do list Thursday night at the much-anticipated Tesla (NASDAQ:) show in Hollywood that unveils a driverless robotaxi. Many of his announcements during a 20-minute presentation lacked practical details,…
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$1.83 Billion Makes Its Way To Exchanges, Is A Bloodbath Coming?
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This article is also available in Spanish. Bitcoin is currently hovering above a major support level, and any minor selling caused by a group of traders is likely to be… Snowballing into a wave of intense selling pressure. this The fragile situation was emphasized According to data from on-chain analytics…
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Five Reasons to be Bullish on SoFi Technologies (SOFI) Stock on the Dip
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SoFi Technologies (SOFI) has positioned itself as one of the most exciting fintech companies, offering a wide range of services and products that many traditional banks struggle to match. While the stock is down about 10% this year, I believe this decline is largely due to short-term investors being preoccupied…
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Dollar at Crossroads as Trump or Harris White House Looms By Investing.com
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Investing.com – The upcoming US elections may be a crossroads for the dollar, as a Trump win is likely to initially strengthen the US currency, while a Harris win could lead to short-term weakness, but experts warn against betting on any immediate win. . -The movement in results is likely…
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Argentina Leads Latin America With $91 Billion Crypto Inflows
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With over $90 billion in cryptocurrency flows, Argentina has been declared the leading Latin American cryptocurrency market, dethroning Brazil. The increasing instability and unpredictability of the economy as well as inflation forced the country’s population to explore the decentralized world of cryptocurrencies, instantly making them major players in their region.…
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The 45th record close for the S&P index. Dow also closing at a record level.
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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BNB Under Siege: Failed Recovery Sparks Fears of Deeper Losses
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BNB finds itself under renewed selling pressure as its latest recovery attempt fails, leaving the cryptocurrency vulnerable to further losses. Despite the brief upward move, BNB’s failure to break through key resistance levels has raised concerns about a deeper decline. With technical indicators pointing to potential weakness ahead, the question…
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Raphael Tuju suffers blow as Supreme Court paves the way for hotel auction
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Former Cabinet Minister Raphael Tuju has been dealt a blow after the High Court paved the way for a regional lender to auction off its prime Karen properties, over a Sh4.5 billion debt arising from a failed loan deal. A five-judge panel of the High Court recused themselves from the…
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Exclusive-CVS to exit core infusions services business, job cuts possible By Reuters
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Written by Amina Niasse NEW YORK (Reuters) – CVS Health is exiting its core infusion services business and plans to either close or sell 29 related regional pharmacies in the coming months, a company spokesman confirmed to Reuters on Friday. Details of the strategic shift were announced in a CVS…
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Spot Bitcoin ETFs Witness Persistent Negative Outflows, A Sign Of Fading Confidence?
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This has turned out to be a bleak week for Bitcoin spot trading funds (ETFs) as the historical products have seen consistent negative outflows in the past few days in light of recent price volatility. Spot Bitcoin ETFs record outflows for 3 consecutive days In a worrying development. Bitcoin ETFs…
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Monese acquired by Pockit as HSBC writes off its investment
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FinTech Monese has been bailed out by Cardiff-based digital banking provider Pockit after HSBC became the latest investor to write off its investment in the struggling London company. The takeover comes after Monese failed to raise new funds and pre-tax losses of £30.5m in 2022, despite revenues rising to £27.7m.…
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NZDUSD moves back into swing area and between 100/200 day MAs going into the weekend.
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NZDUSD has been trading above and below the 100-day moving average this week but above the 200-day moving average (green line) until the Reserve Bank of New Zealand’s interest rate decision mid-week. The central bank cut interest rates by 50 basis points sending the pair below the 61.8% level but…