Author: Investor Empires
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Stocks Rally, Yen Drops as BOJ Eases Rate Worries: Markets Wrap
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(Bloomberg) — Stocks rose after the Bank of Japan moved to reassure markets following historic volatility sparked in part by an unexpected interest-rate hike last week. Most Read from Bloomberg The Stoxx Europe 600 index rose 0.5%, with progress slowed by disappointing earnings reports from some of the region’s biggest…
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Gold Technical Analysis – The global market rout sends gold lower
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Basic Overview Ultimately, the collapse in global markets on Monday has been a stressor for gold. The reasons for this decline lie in the movement of real yields and liquidation due to the need for cash in extreme scenarios. In the big picture, real yields fall, which is good for…
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Gold Technical Analysis – The global market rout sends gold lower
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Basic Overview Ultimately, the collapse in global markets on Monday has been a stressor for gold. The reasons for this decline lie in the movement of real yields and liquidation due to the need for cash in extreme scenarios. In the big picture, real yields fall, which is good for…
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Solana Price (SOL) Gains Traction: Poised for Further Increase?
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Ayush Jindal, one of the most prominent figures in the world of financial markets, has over 15 years of experience in Forex and cryptocurrency trading. Known for his unparalleled proficiency in providing technical analysis, Ayush is a trusted advisor and market expert to investors across the globe, guiding them through…
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Another recall for Tesla cars in China: front trunk lid this time (NASDAQ:TSLA)
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jetcityimage/iStock Editorial via Getty Images Tesla (NASDAQ: TeslaToyota Motor Corp. is set to conduct a remote recall of about 1.7 million vehicles in China, the State Administration for Market Regulation said. The issue raised involves a potential failure to detect when the front trunk lid is opened. Unlocked, which obstructs…
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Investor says files liquidation petition in China against Evergrande unit By Reuters
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HONG KONG (Reuters) – An investor has applied to a Chinese court to liquidate a key unit of a debt-laden property developer in China. Evergrande (Hong Kong): According to a securities filing made by the petitioner on Wednesday. The investor — Vanward, a Shenzhen-listed electrical appliance maker — cited a…
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Five cows, one year’s worth of free food, a two-bed apartment and exemption from military service: How athletes can win more than medals this Olympics
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While the IOC does not award cash prizes to winners at Paris 2024, many countries and territories offer incentives for their athletes to take home gold, silver or bronze medals. Many rewards are financial, but bonuses can be more selective – anything from exemption from mandatory military service to cars,…
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Asia FX muted as dollar steadies; yen tumbles as BOJ downplays rate hikes By Investing.com
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Most Asian currencies fell on Wednesday as the dollar regained more ground after recent declines, while the yen fell sharply after Bank of Japan officials downplayed expectations of a rate hike. Sentiment towards regional markets remained fragile, especially after concerns about a recession in the United States caused risk-oriented assets…
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Whitehats return $10m in Ether after MEV bug
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Ronin Network recovered nearly $10 million in digital assets lost due to the MEV exploit as early as August 6. According to X’s post, white hats is back Around 4,000 Ethereum (ETH) were stolen from Axie Infinity’s Ronin Bridge via a Maximum Extractable Value, or MEV, bug. MEV refers to…
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Banking in the eyes of NextGen client
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In the early 2000s, paying college tuition required going to the bank to deposit cash. Now, much later, banking has changed dramatically, and the future of money is in our hands. Modern consumers can easily transfer money from their bank accounts to mobile wallets using basic or premium phones, while…
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Kiwi Strengthened as New Zealand Quarterly Jobs Report Surprised to the Upside
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New Zealand reported a 0.4% quarter-on-quarter increase in employment for the second quarter of 2024, confounding expectations for a 0.2% decline. The country’s unemployment rate also came in better than expected at 4.6%, slightly below the consensus of 4.7%. Wage growth also beat estimates, with the labor cost index showing…
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Bitcoin Attractive, US Fed To Soon Begin Adding $30 Billion Every Month: Will BTC Fly?
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While Bitcoin and major altcoins are stable at the time of writing, the sharp liquidation from the weekend through August 5th has caused a major shakeout. Billions of leveraged positions have been liquidated, and prices are under technical pressure despite the current stability. Global Liquidity Expected to Rise Rapidly: Will…
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Bitcoin Attractive, US Fed To Soon Begin Adding $30 Billion Every Month: Will BTC Fly?
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While Bitcoin and major altcoins are stable at the time of writing, the sharp liquidation from the weekend through August 5th has caused a major shakeout. Billions of leveraged positions have been liquidated, and prices are under technical pressure despite the current stability. Global Liquidity Expected to Rise Rapidly: Will…
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Over 30 Chinese firms cut ties with PwC amid Beijing’s pressure over Evergrande scandal
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PricewaterhouseCoopers has seen a major loss of major clients in China after pressure from Beijing, which has urged state-owned companies to cut ties over the firm’s involvement with troubled property developer Evergrande. Over the past few months, China’s Ministry of Finance has issued “enforceable guidance” – informal verbal instructions –…
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ForexLive Asia-Pacific FX news wrap: BOJ’s Uchida triggered a sharp yen decline
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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 also creates additional risks 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…
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Semler Scientific Buys Another $6 Million Worth of Bitcoin
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Semler Scientific, a publicly traded medical technology company, announced that it has purchased an additional $6 million worth of bitcoin. The latest purchase brings the company’s total bitcoin holdings to 929 bitcoins, worth $63 million. Urgent: ?? Semler Scientific Public Company buys 101 additional devices #Bitcoin For $6 million. pic.twitter.com/VLFwuPwXQV…
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Bunker Hill Announces the Appointment of Vice President Business Development
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on August 6, 2024 •…
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Asia stocks extend gains, yen retreats after BOJ talks down rate hikes By Reuters
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By Wayne Cole and Stella Chiu SYDNEY (Reuters) – Asian stock markets extended gains on Wednesday, led by a rebound in the U.S. dollar after the Bank of Japan unexpectedly signaled it was unwilling to raise interest rates again amid volatile markets, sending the yen sharply lower. The Nikkei rose…
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Bitcoin Crash Over? Veteran Trader Predicts Rebound To $90,000
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Bitcoin’s crash may be over, as one crypto trader predicts a major drop Leading cryptocurrency reboundsexpecting Bitcoin to rise to an all-time high of $90,000. This bullish prediction comes amid Bitcoin price downtrendwhich saw a dramatic collapse below $50,000 at one point over the past few weeks. Bitcoin’s $90K Recovery…